Coins.ph Limitations: A Comprehensive Overview of its Services and Fees

Crypto exchanges have become increasingly popular in the Philippines, with many platforms offering various services to cater to different needs of Filipino users. Coins.ph is one such platform that has gained a strong following due to its convenience layer, which allows users to convert crypto to PHP and handle everyday financial services.

The platform offers direct PHP banking integration to over 100 institutions, bill payments, Western Union claiming, and the new BCRemit stablecoin remittance corridor for receiving overseas money. This makes it indispensable for Filipino users who need local currency access.

However, Coins.ph has limitations beyond everyday financial services. Its trading fees are higher than Bitget (0.15% taker vs. 0.08%), and its crypto selection is limited (170 tokens vs. 900+). The platform also lacks advanced features such as futures, copy trading, bots, and earn products.

Outbound overseas transfers are not yet available as a built-in feature on Coins.ph, but the platform plans to launch a QR-based outbound remittance feature with BCRemit in 2026. In the meantime, users can buy crypto on Coins.ph and send it to an external wallet abroad, but this requires the recipient to have a crypto wallet or exchange account.