How to Buy Bitcoins Online in the Philippines

Here’s the latest and safest way on how to buy bitcoins online in the Philippines. Many friends and followers always asked me about bitcoin and cryptocurrencies.

I did not want to make a post about it unless I understand the concepts about it and until I personally got my own bitcoin.

So after a few weeks of studying and learning about bitcoin, I finally decided to invest it and share with you guys how to buy bitcoin, why you should invest bitcoin, how you should invest it and how you should keep them secure.

This might be a bit long bitcoin series of posts but trust me, you should read every post I will be making about bitcoin, from start to finish because investing bitcoin is the riskiest kind of investment I have shared here in Dailypik.

Yes, it is riskier than investing stocks and riskier than Forex trading.

To read the complete series, go to this page: Investing Bitcoin

WARNING:

Before you invest in Bitcoin, let me remind you that cryptocurrencies are riskier than stocks.

Just like other investments, you must have keen knowledge about what you invest with.

There are many scams about Bitcoins circulating around the web so be cautious. That is why I only share here the most legit and safe way I know so far, if you are in the Philippines.

I also encourage you only invest 1% or less of your money in Bitcoin. As a passive investor, that is what I can recommend. If you are active investor, that’s another situation.

The methods of investing and protecting bitcoins that I will share here are applicable for non-techie like me.

Bitcoins and other cryptocurrencies are technical in nature. If you are not an IT or a person who has no complex background with coding, programs, etc. then this post is for you.

I’ve seen people who buy bitcoin then after that, they just let them stay there on their BTC wallet, whatever they’re using.

Honey, that is not enough.

Bitcoins are prone to web thieves and BTC wallets websites could crash anytime. Do not let that happen to your cryptocurrencies. Back them up (see my tips below).

how to buy bitcoin philippines

How to Buy Bitcoins in the Philippines?

Right now, there is no official bitcoin or other cryptocurrencies online broker yet in the Philippines approved by the SEC.

The BSP is still drafting rules and laws about cryptocurrencies.

I know it is ironic to say that because bitcoin is not regulated by any government or entity.

It exists on its own and controlled by the internet and the users.

However, we can buy or sell bitcoins. We just have to deal with real and safe bitcoin wallet providers and bitcoin international brokers if you prefer the latter.

Save the time of finding out which is the most legit way because I’ve done that already. All you have to do and follow the steps below.

What you’ll need:

  1. eToro account
  2. Crypto Wallet

Reasons why you need eToro account:

eToro is the most legit and safest way to buy bitcoins in the Philippines in 2021. It is an online CFD broker licensed and regulated by Cyprus Securities & Exchange Commission and other financial regulating authorities eToro has jurisdiction with like the UK, Australia and USA.

Reasons why you need a Crypto Wallet:

Because bitcoins and cryptocurrencies are traded online and are not regulated by any government, there are huge risks that any moment your bitcoins will be vanished or stolen by hackers. Like the recent thieves who stole $32 million of Ethereum.

Once you bought bitcoins, make sure you transfer your BTC using a crypto wallet to protect your bitcoins. We recommend using a multi-crypto wallet that is also available in eToro, This wallet will let you store, receive, and transfer as many as 120 supported cryptocurrencies in the world.

How to Buy Bitcoins using eToro?

  1. Open an account at eToro website
  2. Log in to your account
  3. Fund your account
  4. Buy BTC shares
Disclaimer:

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
 
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
 
Past performance is not an indication of future results.
 
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
 
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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About Fehl Dungo

Founder of DailyPik, entrepreneur, and tech investor. I have a Degree in Accountancy and a background in Finance. I analyze stocks everyday. Copy my trades on eToro Connect with me on Facebook

42 thoughts on “How to Buy Bitcoins Online in the Philippines”

  1. Hi Maam in registering in Coins.ph they require lots of information about you. Whats the explanation behind this? Do we need to comply all the verification process?

    Reply
  2. Hi Madam,

    Thank you for giving us advices about bitcoins.. iam a follower of this page this is so helpful and all topics are well explained and tackled. Now i have joined stock market and would like to put my eggs in another basket which is bitcoin.. tama ba.. ill buy bitcoin if mababa and sell it pag tumaas na. Same in stock market approach. I already downloaded coins.ph znd blockchsin. Pinagaaralan ko pa lang and about yo get ledgeer. But i want trading sana as approach ke bitcoins. So buy pag decrease in price and sell pag nag increase ang vslue?.thanks in advance. God bless us all

    Reply
    • Hi Med 🙂 Thank you for the message. I’m not into active trading with Bitcoin because it’s very volatile and hard to monitor and I’m just investing a little amount with it. But I have a professional friend who’s into active trading and she tells me when it goes down and good to buy. Just planning to keep my bitcoin for 5 years and see how it is 🙂

      Reply
  3. is blockchain is where you can buy bitcoin?

    my friend recommend bitconnect..im not a trader i just want buy and hold strategy, which or where should i start..thanks

    Reply
    • Hi Anna. I only recommend the companies I mentioned in my Bitcoin posts. I cannot comment on other BTC trade companies like bitconnect because I did not check if they’re legit, scam and decent.

      Reply
  4. im interested to try bitcoin.so far i know i need coins.ph after opening it, how can i invest/use it to buy bitcoins or any crytocurrency

    Reply
    • Glad to know you wish to join the big community of cryptocurrency users! We could talk crypto sometime. WhatsApp on +6175449898

      Reply
  5. Hi Ms. Fehl,

    Ang strategy nyo ba sa bitcoin is just to buy and hold it in your ledger/online wallet? Do you trade it in other crypto exchanges? If yes, can you explain how to do trading?

    Thank you!

    Reply
    • Hi, Alvin 🙂 Yes, my personal strategy is buy and hold. I want to wait for 5 years and see how it goes then decide if I will still hold them and wait another 5 years to sell them. The reason is that Bitcoin is very volatile, it could rise big time and then drop when you least expect it. Another big reason is that, it flows with how the tech and computer world evolves which is very unpredictable as life progress. What if cryptocurrencies replace paper money 5 years from now, what if cryptocurrency turned out a joke? So many possibilities, that is why I want to be on the “SAFE” passive side having Bitcoin whatever happens, I have it. 🙂

      Reply
    • You can trade in to other cryptocurrencies in Bittrex.com.
      1st: cash in thru coins.ph,
      2nd: convert your cash to bitcoin
      3rd: Make an account to bittrex.com
      4th: transfer your bitcoin to your account in bittrex so that you can trade to other crypto.

      I like trading because I can Increase my bitcoin, its either increase or decrease but mostly increase because the price of other cryptocurrencies going high more than the percentage of bitcoin.

      Reply
  6. Actually I already registered in USI TECH because my friend explained to me about crytocurrencies. He has account and buying BTC in that website he said it has office in Ortigas. They have what they called packages since 1 BTC is $6,459.20 today. I started buying 3 packages in USI TECH and 1 package costing 3,250. Please help me if this USI TECH is legit also. Thanks.

    Reply
  7. I would not recommend the Nano Ledger unless you buy a considerable amount, or plan on using it as cold storage. You can invest a small amount and keep it on an exchange. I invested some time ago and so far it has a 900% return and I’m just doing my part by using bitcoin. Coins.ph lets me shop online, pay bills and buy load using btc. I have a cheap android phone with breadwallet as cold storage. If you however plan to go all out and buy a Nano Ledger, please never buy from eBay or random stores just because they are a little cheaper. Import from Amazon or buy directly from the manufacturer.

    Reply
    • I recommend the Nano S Ledger because it’s too important knowing the risks of crypto and knowing how fast bitcoin grows everyday. I mean, even if you only reach 1 BTC after 20 years we’re talking about a possible $500,000. So I think it’s too important. Maybe the thought of it now is not much to consider but securing your future value of bitcoin should be considered 🙂 I agree to buy directly from the manufacturer 🙂

      Reply
      • Good point! I do have 2FA and Google Authenticator for now plus most of my BTC offline (I plan on getting a nano ledger soon). These are nice articles, by the way 🙂 Here’s what I say when people ask me about bitcoin: I skip the technical stuff like blockchain and hashes and simplify it by saying you can store it like gold, spend it like money, trade it like stocks.

        Reply
    • Hi, Chasen 🙂 It’s a chain split, apparently they had a plan to upgrade protocol (2mb block) but they decided not to because there are people who are against it. BTC developers realized it’s much more important to keep the community united and not divided.

      Reply
  8. Hi Ms. Fehl,

    Good day!

    I hope you could enlighten me. What if my bf and I have separate accounts in coins.ph and Blockchain.info, could we both store our bitcoins to just one Ledger Nano S (literal na sharing po kmi sa isang offline wallet?) and may limit po ba ung storage nung Ledger Nano S?

    Thank you so much.

    Reply
  9. Hello Ms. Fehl,

    I have been following your page for quite a while now and this is also one of the pages I follow religiously in terms of stock recommendations etc. Im just quite curious as to the Bitcoin articles which you have already posted. There are quite a number of things I want to confirm from you because I am also considering this as one of the many options for investing. Of course, I will follow your recommendation as to the amount of money which will be pooled here. I just need to confirm that you will need these:

    Coin.ph account
    Blockchain.info account
    Have a Ledger Nano S

    When opening a bitcoin account and/or if youre interested to venture into Bitcoin? Please confirm. Also, how do you fund your Bitcoin account?

    Looking forward to your response.

    Reply
  10. Hi Fehl, I tried to follow your instructions on how to buy and store bitcoins safely using Coins.ph to Blockchain and finally to Ledger Nano usb, but It’s possible to transfer bitcoin directly from Coins.ph to Ledger Nano and not use the Blockchain app anymore, right? Is transferring bitcoin from Coins.ph to Blockchain before you store it in the Ledger Nano a safer way? Thanks!

    Reply
  11. how much are we talking here with regards to fees in opening an account with coins.ph, fees with blockchain and fees with ledgernano ? I am tempted in opening an account but i would like to know first my initial outlay (other than the transactions itself). Pls clarify… thanks

    Reply
  12. Please state how much fees are we going to pay coins.ph for converting our pesos to bitcoin. then another fees from coins.ph to blockchain.

    Reply
  13. Hello Ms. Fehl may we know what legit online broker can we use to be able for us to buy stocks internationally like buying stocks of facebook? Thank you!

    Reply
    • i don’t think there is an online broker in the Philippines that deals with international stocks (like NYSE, Nasdaq etc). You might be able to open an account with foreign online broker (meaning outside the Philippines) though

      Reply
  14. apple is using not only bitcoin cryptocurrency. can you recommend where to buy and sell other cryptocurrency such as ETH, ZEC, DASH?

    Reply
    • Hi, Emman. That’s not surprising because Apple is a giant tech company. You can use international brokers if you want to explore different cryptocurrencies. I will post the legit ones soon here in Dailypik. Cheers!

      Reply

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