How to Cash Out Your Bitcoins in the Philippines


So let’s say you’ve already stacked up your hard-earned bitcoins. Either you HODL it, trade it, or use it to make online purchases. But how do you use it outside the online world? You convert it to cash. Today, I’ll be showing you how to cash out your bitcoins from your digital wallet. What’s up cryptopeeps? It’s your girl Maria, here to deliver your daily dose of Bitcoin news. There are different ways to do this but it depends on where you’re located and what is available to you. Since I’m currently in the Philippines, I’ll show you some of the easiest ways to cash out your bitcoins in the country. The first two ways that I’ll discuss require you to download an app called “coins.ph”, which serves as your digital wallet. You can also use this app to send load to your phone or even pay your bills. Now, let’s get to it! Number 1: Bank Transfers Once you’re in the app, go to your Peso or Bitcoin wallet and this depends if you converted your Bitcoin into pesos or if you chose to keep them in your wallet as crypto. Tip: If the market of Bitcoin is high, It’s best to store your bitcoins in your Bitcoin wallet so you can increase them. But if you’re afraid of the risk that this might lessen your bitcoins, you can safely convert them in your Peso wallet. Next, click on the cash out button and you’ll see a lot of different ways to cash out your Bitcoin, but for now let’s focus on the most convenient way. Click on “bank”. Choose the bank you use and want the bitcoins to be sent to. Fill in the amount. And lastly, the details. And it’s as easy as that! But take note that orders placed before 10 a.m will be delivered to your bank account within the day, but orders placed after 10 a.m. will be sent by 6 p.m on the next business day. Number 2: Money Centers Again, this needs to be done through the app. Also, keep in mind that remittance centers charge a fee depending on the amount that you will send. Currently, there are only two money centers to choose from on coins.ph, either Cebuana Lhuillier or LBC Instant Peso Padala. Both have different rates, which you can simply search for on Google. Click on the money center of your choice, type in the amount and fill in your details. Once confirmed, the amount will be sent to the money centers for pickup within an hour or so. Don’t forget to bring a valid ID since it is part of the requirements when you pick up your cash. Number 3: Bitcoin ATM Most of you don’t know, but there’s actually a Bitcoin ATM in the Philippines. You can find it in a hotel located on P. Burgos street, Poblacion, Makati City. The hotel is called Sunnette Tower and you can find ATM just inside the lobby. Don’t forget to bring your phone as you need this later to confirm your transaction. Now let’s get started. If you take a look at the ATM, you’ll see that there are already instructions for you to follow Step one is to select “withdraw cash”. Next, input the amount you want to withdraw. Then, using the Bitcoin mobile app on your phone scan your Bitcoin wallet QR code or you can opt to type it in manually but this is very risky since it is prone to errors. If you’re having trouble scanning your code or too afraid to type it in you can also instantly create a paper wallet through the ATM. If you’re encashing an amount greater than five thousand pesos, get the redemption code and wait for the confirmation code that it will send you through text. Once you get the code, type it into the machine and click “redeem”. If the amount is less than five thousand pesos, then you can skip this step and get your cash directly through the dispenser along with the confirmation receipt. Simple, right? Wouldn’t it be awesome if Bitcoin ATMs were available everywhere around the globe? I know that would make my life easier. Do you guys want us to teach you how to cash out in different places or how about more methods? Let us know in the comment section down below. Don’t forget to like this video, subscribe to our channel and click that bell button to get notified whenever we post new videos. Follow us on social media and our website as well. And lastly, my name is Maria and this is WeTheCryptos.

62 thoughts on “How to Cash Out Your Bitcoins in the Philippines”

  1. Excellent tutorial with tremendous informative content and real and effective effective How to Cash Out Your Bitcoins in the Philippines. Thank you for sharing this. I loved the whole presentation of this content from beginning to end. It's fantastic and effective. Good job! You are great.

  2. Maria, your tips are always very helpful for people who are trying to grow knowledge and experience within the crypto industry

  3. Useful information explained about how to cash out bitcoins in the Philippines. It is really surprise that there is bitcoin ATM is in the Philippines. Thanks for sharing.

  4. Thank you very much for it's great and excellent information for the money exchange of Bitcoins in the Philippines

    I have benefited greatly from Hedda video I am most of your fans and Genuine work

  5. Eixcelente your information on the withdrawal of our generated bitcoins, every detail of your video is important and clear that if we want to learn everything when it comes to bitcoins, it seems easy to withdraw by step two I think it is more secure through these centers of remittance withdrawals, in spite of the service fees, I prefer them. Good material thanks for sharing it with us.

  6. I have always learned from you, your videos help me to strengthen my work on bitcoins, these withdrawals of my bitcoins have always complicated me but with your video I am already learning, I will review every detail, thanks for uploading videos as good as this one.

  7. Though I'm not from Philippines, but I like your videos, thanks for sharing and keep up, informative video, thanks again !!

  8. very information about How to Cash Out Your Bitcoins in the Philippines, thank you so much for detailed explanation and mainly as always your presentation was amazing <3

  9. Thanks a lot for sharing an excellent informative video on how to cash out the bitcoin in Philippines. You guys are doing honest video about cryptocurrency business. Superb Infor channel.

  10. This is really informative and useful information. In future currency has no value and bitcoin going to rule all market. Thanks for sharing beneficial and needed information's.

  11. I have friends in this country living since a year ago and this video is great so they can have a way to change their money in a cryptocurrency, this is great, thanks

  12. I do have bitcoin in my e wallet but all the while do online transaction with bitcoins for buying items or things and never thought of bank transfer but in this video its really give me a big clue or tips for me on how to do bank transfer…i will try this in my country.tq

  13. From your Bitcoin wallet, just click on "Convert" and enter the amount you would like to cash out. Once the funds are converted and transferred to your Peso wallet, you can now make a cash out transaction. 3. Go to the Cash Out page to place an order.

  14. Awesome video – the way this video captures a detail procedure of en-cashing BTC is really very helpful. Thanks indeed for such informative video.

  15. A great tip for all of us who wish to exchange bitcoins in conventional money while on trip in the Philippines!

  16. I always found cashing out Bitcoin to be confusing but coins.ph makes it super easy. Will definitely be using this from now on when I need to cash out my crypto, thanks!

  17. Useful video about Cashing Out Bitcoins in the Philippines. Your video help me to learn how to do so through banks transfers and bitcoin ATMs. Hope you make more videos like this.

  18. Hi Maria, thank you for this invaluable information to us online workers to we know about sell bitcoin on a cryptocurrency exchange to avoid negative experiences and loss money. Congratulations for your channel.

  19. Gracias por el video. Estoy interesado de co retirarlo en Venezuela, sera de la misma forma que en filipinas ya sea por transferencia bancarias o cajeros automáticos. Filipinas esta muy adelantado con la tecnologia de Bitcoins

  20. Hugely Nice!! Now, It's very easy to cash out bitcoins. It's an amazing app to convert your bitcoin balance to use for anything in real world easily in Philippines. Stay tuned to know more about this app and how to use it securely in more convenient way.

  21. Appreciated your efforts on making this video review Bitcoins Cashout. You really explained very well and in very details about How to Cash Out Your Bitcoins in the Philippines.
    This information helps lots of people who are engaged in Bitcoins. Thank you for making such a useful and informative video & sharing it with us.

  22. Your good knowledge and kindness in playing with all the pieces were very useful.
    Thank you so much for sharing these wonderful information.

  23. Thanks for all the info, really useful, thanks for all the effort that you do to help us. I will be looking forward to see your next videos

  24. Very important information on how to cash out Bitcoins in the Philippines, thanks for sharing, I ask if the same method work in morocco?

  25. Wow excellent explanation about cash out bitcoins.. Its very useful for me. thanks for sharing.. Can I do this from India?..

  26. Hello thank you for the information, I am a true believer of the BTC, this will be the currency of the future, your video contributes to the massive adoption of the king of cryptocurrencies. regards

  27. I was searching earlier about coins.ph and now you've given me on time information about this. Where it is not only for loading and bills payment but also for bitcoin cash out here in the Philippines.

  28. Just recently I saw a cryptocurrency ATM in a shopping center in my city and it is the first one I see of this type and I did not know how to withdraw, but your explanation helps me understand that the process is easy. useful information thanks

  29. Ooh this is so simple??? This video is more helpful and informative to the bigenner level peoples like me . And your presentation is soo good . Easly understanding .

  30. Sounds pretty fine to got an mobile app to convert your virtual money into cash, plus all the advantages we have for.. Goodo for coins.ph. Cool sharing! Keep on going.

  31. Excellent video and information. I loved everything from beginning to end. Since you give detailed and specific information with a great tips of how to cash out bitcoins! Totally genuine and of great value. Thank you for sharing this kind of information. Good job!

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