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You can now buy and sell Bitcoins in the Philippines

Bitcoin, a popular online digital currency which also known as the “gold for nerds”, can now be bought and sold here in the Philippines.

If this is your first time hearing about Bitcoin, we recommend watching the video in this article first.

bitcoin

BuyBitcoin.ph, the new Bitcoin exchange that recently launched in the country, is now offering its services to Filipinos who are interested in investing in the said online currency.

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In addition, the company is also focusing on the country’s remittance market. Giving people the option to use their platform for Bitcoin to fiat money conversion.

To buy Bitcoins, you just need to visit one of the 800 branches of the Bank of the Philippine Islands (BPI) and make a deposit. You can sell your Bitcoins using BuyBitcoin.ph’s platform granted that you have a MetroBank, BPI, or BDO account. At the time of writing, the buy/sell exchange rate was at Php41,874.30/Php37,858.51.

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“Many online transactions here are being made by cash deposits in physical locations, and bitcoin is cash for the internet, so it’s a good fit.” said BuyBitcoin.ph co-founder Lasse Olesen. “It gives you instant access to a global market where you can receive payments practically for free and, if you want, exchange to cash locally. If you’re a small merchant, accepting international payments through PayPal or bank wires is just not feasible with their fees.”

BuyBitcoin.ph is co-founded by four “Bitcoin enthusiasts”. You can read all about them here.

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Avatar for Diangson Louie

This article was written by Louie Diangson, Managing Editor of YugaTech. You can follow him at @John_Louie.

44 Responses

  1. Avatar for Jo-Ann Bautista Jo-Ann Bautista says:

    Hi. Can I buy BTC at buybitcoins & use it at coins.ph for my transactions?

    Thank you

  2. Avatar for jomar jomar says:

    hi, sure na po ba to na pwed gamitin ang BDO master card para bumuli ng bitcoin or ethereum? kung pwed sa site nyu, pwed pa link po ng tutorial paano mag purchase sa site nyu? kasi sa ibang site kagaya ng coins.ph walang option na BDO at ang sabi2 pwed daw e block ng BDO ung account mo kung na involve sa crpyto currency account mo

  3. Avatar for Alvin M. Sevilla Alvin M. Sevilla says:

    How much in peso of worth 100 euro of bitcoins,

  4. Avatar for Abigail Abigail says:

    Saan po ako makakabiki ng bitcoin halagang 12 dollars po.

    • Avatar for Ron Ron says:

      Hi Abi, If you want ng physical store mismo, merong over-the-counter na bilihan.
      They have 3 Branches :

      MONTEAL MONEY CHANGER – 3/F Venice Grand Canal Mall, Mckinley Hill, Taguig
      WILLYN VILLARICA JEWELRY – G/F Market Market, Bonifacio Global City, Taguig
      PSULIT MONEY CHANGER – 2/F Cyber and Fashion Mall Eastwood City, Bagumbayan

      but first, I advise you to visit their website para macheck mo magkano ang current rate nila for palitan.
      http://moneybees.net/

  5. Avatar for Jams Hernandez Jams Hernandez says:

    Bitcoin is okay and now at $2805.

    I bought my first bitcoin at Paxful.com several months ago and it was all worth it.
    I have it in my wallet and I’m not going to withdraw until it hits 5k Hue hue hue.

    I was lucky that paxful has guides on how to buy bitcoins as well as youtube tutorials.

  6. Avatar for Ronie Delos Reyes Ronie Delos Reyes says:

    #boycottcoins.ph WALA NA KINUHA NA NILA LAHAT SATIN. PHONE NUMBER, FACEBOOK, ADDRESS, PERSONAL ID PATI SELFIE BA NAMAN??? HINDI NAMAN ITO ANG PURPOSE NG BITCOIN CREATOR AT VISION NG BITCOIN BAKIT MAY CENTRAL BANK? BITCOIN IS DECENRALIZED AND IT SHOULD NOT BE CONTROLLED BY THE GOVERNEMENT or ANY CENTRAL BANK WE SHOULD HAVE A FREEDOM FOR VIRTUAL CURRENCY.. #BOYCOTTCOINS.PH
    You really don’t understand our concerns okay? please may I request to block me from your services… or deactivate or terminate my account, na widraw ko na lahat ng pera ko. I’ll still hold the promise of Bitcoin as decentralized crypto currency and should not be controlled by the Government or any Central Bank even coinbased, blockchain is not asking for this.. kinuha na ninyo lahat ng information namin.. wala kaming tiwala sa inyo.

  7. Avatar for Richard Richard says:

    I own the place that was used 4 d cafe. I also heard that u need powerful hardware for this, i am willing to upgrade hardwares if necesssary. Thank you.

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