Bitcoin Cash (BCH) has become a popular digital currency known for its fast transaction speeds and low fees, making it ideal for everyday payments. In the Philippines, Coins.ph is one of the leading platforms that supports BCH, alongside other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as the local fiat currency, PHP. This integration reflects Coins.ph’s commitment to expanding access to affordable, blockchain-based financial services for Filipinos.
Whether you're new to crypto or looking to manage your digital assets more efficiently, this guide will walk you through how to buy and sell Bitcoin Cash using Coins.ph—step by step—with clear instructions and practical tips.
What Is Bitcoin Cash?
Bitcoin Cash (BCH) emerged on August 1, 2017, as a result of a hard fork from the original Bitcoin blockchain. A hard fork occurs when a cryptocurrency splits into two separate chains due to changes in protocol. In this case, Bitcoin Cash was created to address scalability issues by increasing block size, allowing more transactions per second and reducing fees.
Importantly, anyone who held Bitcoin at the time of the fork received an equal amount of Bitcoin Cash—a 1:1 ratio. This means if you owned 1 BTC before the split, you automatically received 1 BCH.
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How to Buy Bitcoin Cash on Coins.ph
Purchasing Bitcoin Cash through Coins.ph is straightforward, especially if you're already familiar with buying Bitcoin. The process leverages local payment methods widely available across the Philippines.
Follow these steps to buy BCH:
- Download the Coins.ph App
Available on both iOS and Android devices. Alternatively, visit the official site at coins.ph, though all key functions are optimized within the mobile app. - Visit a Nearby 7-Eleven Store
Coins.ph partners with CLiQQ kiosks found in 7-Eleven outlets nationwide, offering a convenient way to load funds. - Use the CLiQQ Kiosk
Select "Coins.ph" on the kiosk screen and enter the amount of PHP you wish to deposit into your wallet. You can also use alternative methods such as bank transfers or e-wallets. - Pay at the Counter
After entering your details, pay the cashier the corresponding amount. Your wallet should be credited within seconds to a few minutes. - Check Your PHP Balance
Open the app and confirm that your PHP balance reflects the top-up. - Activate Your BCH Wallet
Navigate to the Bitcoin Cash (BCH) section in your wallet list and tap on it to activate your BCH wallet for the first time. - Convert PHP to BCH
Return to your PHP wallet and tap Convert. - Select BCH as the Target Currency
Tap the dropdown next to BTC and choose BCH instead. - Slide to Confirm Conversion
Review the exchange rate and slide the button to complete the transaction. - You’re Done!
Congratulations—you now own Bitcoin Cash stored securely in your Coins.ph wallet.
🔐 Pro Tip: You can send your BCH to an external wallet by entering its address or scanning its QR code directly from the app’s “Send” function.
How to Sell Bitcoin Cash on Coins.ph
Selling BCH back into Philippine pesos is just as simple. This feature allows users to convert their crypto holdings into spendable local currency whenever needed.
Here’s how:
- Go to your BCH Wallet inside the Coins.ph app.
- Tap on Convert.
- Choose BCH to PHP from the conversion options.
- Enter the amount of BCH you’d like to sell.
- Confirm the exchange rate and fees.
- Slide to complete the conversion.
Your PHP balance will update instantly, ready for use in purchases, bills payments, or cash withdrawals.
If you hold BCH on another exchange and want to sell it via Coins.ph:
- First, retrieve your BCH receive address by going to your activated BCH wallet and tapping Receive.
- Transfer your BCH from the external exchange to this address.
- Once confirmed (usually within minutes), proceed with converting it to PHP using the steps above.
Always monitor current exchange rates and network fees when converting between crypto and fiat, as these may fluctuate throughout the day.
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How to Cash Out PHP from Your Coins.ph Wallet
After converting BCH to PHP, you might want to withdraw cash physically or transfer it to your bank account.
Coins.ph offers several flexible cash-out options:
- Cebuana Lhuillier: Withdraw cash at any branch by generating a withdrawal code in-app.
- Bank Transfer: Send money directly to major Philippine banks including BDO, BPI, LandBank, and UnionBank.
- Cash Pick-Up Services: Available through partner networks for fast access to physical cash.
- Pay Bills: Use your PHP balance to settle utilities, mobile loads, insurance, and more.
Each option comes with its own processing time and fee structure, so choose based on your urgency and cost preferences.
Frequently Asked Questions (FAQ)
Q: Is Bitcoin Cash the same as Bitcoin?
No. While Bitcoin Cash originated from Bitcoin via a hard fork in 2017, it differs in block size and transaction speed. BCH supports larger blocks (32MB vs BTC’s 1–4MB), enabling faster and cheaper transactions.
Q: Do I need verification to buy BCH on Coins.ph?
Yes. To comply with anti-money laundering regulations, Coins.ph requires users to complete identity verification before performing significant transactions, including buying crypto.
Q: Can I send BCH from Coins.ph to any wallet?
Yes, but ensure the receiving wallet supports Bitcoin Cash (BCH) specifically—not just Bitcoin (BTC). Sending to an incompatible wallet could result in lost funds.
Q: Are there fees when converting PHP to BCH?
Yes. Coins.ph applies a small conversion fee and may include a margin in the exchange rate. These are displayed clearly before confirming any transaction.
Q: How long does it take for BCH transactions to confirm?
Most transactions confirm within 10–20 minutes, depending on network congestion. Coins.ph typically processes internal conversions instantly once blockchain confirmation is received.
Q: What should I do if my conversion fails?
Check your internet connection and transaction history. If funds appear missing, contact Coins.ph support with your transaction ID for assistance.
Why Use Coins.ph for Managing Bitcoin Cash?
Coins.ph stands out as a user-friendly gateway for Filipinos entering the world of cryptocurrency. Its seamless integration of fiat on-ramps (like 7-Eleven top-ups) and off-ramps (cash-outs via Cebuana or banks) makes it accessible even for non-tech-savvy users.
Additionally, supporting multiple digital assets—including BTC, ETH, and now BCH—positions Coins.ph as a versatile tool for managing personal finances in both traditional and decentralized economies.
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Final Thoughts
Buying and selling Bitcoin Cash on Coins.ph is a simple, secure, and accessible way for Filipinos to participate in the growing digital economy. With support for local payment methods and instant conversions between PHP and BCH, the platform lowers barriers to crypto adoption.
By understanding how to navigate the app—from topping up with CLiQQ kiosks to converting and cashing out—you empower yourself with greater financial flexibility and control over your digital wealth.
As blockchain technology continues evolving, platforms like Coins.ph play a crucial role in bringing financial inclusion to millions. Whether you're using BCH for remittances, online shopping, or long-term investment, mastering these tools ensures you stay ahead in the digital finance revolution.
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