If you don’t have an account yet, register now for free. If you have registered for an account, please follow the instructions on their setup page on how you can verify your identity to maximize the usage of your wallet (unverified accounts are fine but it does have some limitations). You’ll get a reward of 50 PHP once you’ve completed the account verification, which is really cool. 🙂 To learn more about coins.ph check out my previous post.
After acquiring an account from coins.ph, just log in to their site, then go to the cash-in page and choose your preferred payment method.
In this case, I’ll be using BPI online bank transfer:
Then just click the “Next Step” button.
Next step leads you to a page that asks the amount that you wanted to transfer and to what wallet, you would like to have the funds (either to peso wallet or directly to bitcoin wallet). It has a minimal fee, funding directly to bitcoin wallet has a lower fee, but I prefer funding the peso wallet so I can decide when to convert it to bitcoins.
Just click the “Next step” button again, very simple right?
After doing so, it will show you the pending transaction like this:
Always enter the details provided by dragonpay. Wait for at least 3 minutes, then go back to the instructions page, then follow step 2. Step 2 only gives you a link to verify your payment, it’ll ask you to enter your name, date and time of the transaction. Their system verifies transactions using this info plus the amount that you have transferred, that is the reason why they want you to enter the exact amount to pay.
After entering the necessary info just click “Validate”, it will tell you if they successfully validated. If not, try to wait for a few more minutes and refresh the page. If it took you any longer, contact DragonPay. You can also double check with your coins.ph account if it is completed.
When it’s validated completely you should be able to see these pages from the instructions page and from coins .ph. You may also receive a text message if your mobile number is connected with coins.ph. They say that the process time of funding using BPI online transfer can take 24 hours, but this sample cash in I did was able to fund my account instantly after validating the payment.
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Late Update: 01/20/2019
Some of my readers are interested in investing with bitcoins but they don’t know how to start. So I will link other related posts to make everything clear for everyone. In this post, I’ll be showing you guys a step by step procedure on how to fund your coins.ph account.