How to Buy Bitcoin Cash [BCH] using fiat currency in Philippines

This cryptocurrency is the fourth biggest cryptocurrencies around the world. Bitcoin Cash (BCH) is very related to Bitcoin because it was a 'hard fork' of it. The fork started in August 1, 2017, when a group of people and developers wanted to increase the bitcoin's block size limit on the source code.

One of the reason why they want to increase the blocksize of bitcoin limit is because of the incresing fees on the bitcoin network. Many issues occured and then finally Bitcoin Cash was created as an alternative plan to increase the number of transactions and its ledger can process by increasing the block size limit to eight megabytes.

And now, Bitcoin Cash trades on digital currency exchanges such as Bitstamp, Coinbase, Gemini, Kraken, Bittrex, ShapeShift and many more crypto exchanges, using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency.

How to buy Bitcoin (BCH) using Philippine peso?

So, if you really like to buy BCH using fiat currency in the Philippines, you should have an account first on Coins.ph

Using Website

- Visit the Coins.ph
- Then click "Create An Account"
- You may use your mobile number or email to create an account, then click continue
- Verification screen will appear. Check your mobile phone or email for a message from coins.ph
- And you're ready! You can start buying Bitcoin Cash (BCH)

Using SmartPhone

- Download Coins.ph app and install (AppStore or PlayStore)
- Click Sign Up, or use your Facebook Account to create an account
- You may use your mobile number or email to create an account, then click continue
- Verification screen will appear. Check your mobile phone or email for a message from coins.ph
- You'll be asked by 4 digit code before you login
- And you're ready! You can start buying Bitcoin Cash (BCH)

And before you can buy Bitcoin Cash (BCH), you need to cash-in your fiat (Philippine Peso) into your coins.ph wallet, and there are many ways to do that.

Cash-in to the following:

- 7-Eleven via Cliqq Kiosk
- UnionBank (Online Banking/Cash Deposit)
- Palawan Pawnshop
- M-Lhuillier
- Cebuana Lhuillier
- TouchPay Kiosk
- Globe GCash
- Online Bank Transfer (BPI Express, Security Bank Online, Bank of Commerce)
- Over-The-Counter(BPI, UnionBank, Chinabank)
- Department Store(Robinsons Business Center, SM Bills Payment Center)

Now, in case you've successfully put your fiat currency into your wallet in coins.ph. You need to browse your PHP wallet and start converting your money (Philippine peso) into Bitcoin Cash (BCH).

All you need is to find the "Convert" button then press it, then be sure that you're in the from "PHP" selection and the Bitcoin Cash (BCH) is the coin to receive after the conversion.

As of writing this article, the current price of Bitcoin Cash (BCH) in the crypto market is $ 126.77 while in the coins.ph price chart is 1 BCH = Php 6,989.82. But if you think that 6 thousand pesos plus is still tough to convert into BCH, well like Bitcoin, you could also buy in a small unit of numbers which also known as satoshi (0.00000001 bitcoin cash)

According to the crypto expert, Bitcoin Cash is like a new version of Bitcoin that can generates new blocks that no longer compatible to the old version of bitcoin network.

Among of the avid fanatics of Bitcoin Cash (BCH) with some of the biggest names in the cryptocurrency world: Wu Jihan, co-founder of the Bitmain Technology, the world’s biggest maker of cryptocurrency ASIC mining rigs, Roger Ver, an early bitcoin adopter known as 'Bitcoin Jesus', and Craig Steven Wright, an Australian computer scientist and entrepreneur who claimed in 2015 to be Satoshi Nakamoto but failed to provide evidence.

Disclaimer: This is not a financial institution: All information provided here is for educational material: Do not take this information as professional investment advice.

Image from: coins.ph, Wikipedia
Image Edited by goodfilipino.com