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 ₱500,000 per day. While Level 3 accounts (with additional proof of address and income) can deposit up to ₱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.
This milestone is in perfect harmony with the recent amendments made by the Bangko Sentral ng Pilipinas (BSP) to e-money regulations. Notably, the removal of the ₱100,000 monthly cash-in cap for Electronic Money Issuers (EMIs) signifies a significant stride towards fostering a more dynamic and robust digital financial ecosystem in the Philippines.
Coins.ph, being at the forefront of digital financial innovation, stands out as a user-friendly platform that adapts to the evolving regulatory landscape while prioritizing security and accessibility. The commitment to aligning with BSP’s regulatory adjustments demonstrates Coins.ph’s dedication to staying ahead of the curve and providing users with a cutting-edge digital financial experience.
For those who have yet to experience the enhanced capabilities of Coins.ph, the application is readily available for download on both the Google Play Store and Apple App Store. This accessibility ensures that users across different mobile platforms can seamlessly harness the power of Coins.ph to navigate the evolving landscape of digital finance with confidence and ease.
