The Philippines’ booming crypto market and massive remittance economy create unique opportunities—and challenges—for local users. Coins.ph’s Crypto on Credit product bridges these gaps by unlocking liquidity without selling crypto holdings. Here’s why it’s becoming indispensable for Filipino traders, OFWs, and businesses.
The Philippine Crypto Landscape – Demand Meets Innovation
1. Remittances: A $37.3 Billion Lifeline
- The Data: Overseas Filipino Workers (OFWs) sent home $37.3 billion in December (BSP). However, traditional remittance channels charge 10-15% fees and take days to process.
- The Crypto Fix: Crypto transfers slash costs to 1-3% and settle in minutes.
2. Crypto Adoption: Philippines Ranks #6 Globally
- Chainalysis 2023 Report: Over 12.3 million Filipinos own crypto, driven by:
- Investment opportunities (DeFi, trading)
- Everyday use (payments, remittances)
- The Dilemma: Holding crypto for growth vs. needing cash. Selling risks missing price surges; traditional loans require credit checks and paperwork.
How Crypto on Credit Solves Local Pain Points
1. Keep Your Crypto, Access Cash Instantly
- How It Works:
- Collateralize Your Crypto:Deposit your existing crypto assets as collateral. The amount you can borrow up to 4 times of your collateralized assets value.
- Borrow Instantly:Once your collateral is approved, you can borrow additional crypto instantly. Use it to trade, invest, or cover expenses.
- Repay and Reclaim:Repay the borrowed amount (plus any interest) to reclaim your collateral.
2. Trade Smarter with 0% Interest
- Borrow ETH/XRP/SOL to:
- Maximize Gains: Use borrowed crypto for short-term trades or staking.
- Hedge Risks: Collateralize volatile assets (e.g., BTC) to borrow PHP during market dips.
Why Coins.ph Stands Out for Filipinos
1. Regulatory Trust – A BSP-Licensed Platform
- Coins.ph holds Virtual Currency & Electronic Money Issuer licenses from the Bangko Sentral ng Pilipinas (BSP).
2. Built for Filipino Needs
- Low Barriers: No credit score requirement—just complete KYC verification.
- Localized UX: Filipino/Tagalog interface, PHP integration, and 24/7 local support.
- Speed: Borrow in <5 minutes via the Coins.ph web app.
3. Safety First – Triple-Layer Protection
| Layer | Security Measures |
| Assets | Offline cold wallets + multisig approvals |
| Loans | Margin call alerts |
| User | Biometric login, transaction whitelisting |
How to Start Using Crypto on Credit
- Log In: Access your account via Coins.ph Web (app support coming soon!).
- Navigate to Crypto on Credit: Click the left sidebar button.
- Pass the Quiz: Complete a quick assessment to ensure you understand the risks.
- Borrow Instantly: Start trading with ETH, XRP, or SOL at 0% interest!
Eligibility requires Identity Verification. To learn how to get your account verified, click here.
For a full guide on how to use Crypto on Credit, simply check this video or our Crypto on Credit Trading Guide.
The Bigger Picture: Crypto on Credit as Financial Infrastructure
For a nation where 71% lack bank accounts but 63% own smartphones, Crypto on Credit democratizes access to liquidity. Whether you’re a:
- Day Trader boosting portfolio size risk-free
- Freelancer paying global clients in crypto
- OFW family accessing emergency funds instantly
With features like zero-interest promos and expanded token support, Coins.ph is committed to empowering users with innovative tools to unlock their crypto potential.
Disclaimer: This article is for informational purposes only. Crypto on Credit carries risks, including market volatility and potential loss of collateral. Always conduct independent research and consult a financial advisor before engaging in crypto-related activities.
