Coins.ph is making it easier for users to embrace cryptocurrencies with significantly increased daily cash-in limits. Level 2 accounts (verified with ID and selfie) can now cash in up to PHP 500,000 per day. While Level 3 accounts (with additional proof of address and income) can deposit up to a staggering PHP 10 million.
Higher custom limits are also available for users who meet further KYC requirements.
“Bitcoin prices have recently risen above USD 40,000 sparking interest among Filipinos in this and other digital assets available on Coins.ph. By increasing our limits, we can better cater to the needs of these customers and provide them with a more seamless trading experience,” explained Wei Zhou, Coins.ph CEO.
Coins.ph now boasts the highest standard daily cash-in limits among Philippine e-wallets, offering more flexibility for crypto transactions.
This change also aligns with the Bangko Sentral ng Pilipinas’ (BSP) recent amendments to e-money regulations, which removed the PHP 100,000 monthly cash-in cap for EMIs.
Level 1 users can easily upgrade to Level 2 by simply providing a valid ID and completing facial recognition. Level 3 verification—ideal for high net worth individuals and frequent traders—requires additional KYC documents like proof of address and income.
Coins.ph is available for download via Google Play Store and Apple App Store.
