Go ahead! You can use our instant crypto conversion tool.
Coins.ph and Binance Referral Program
Another alternative to stocks is investing in cryptocurrencies like bitcoin, ethereum, etc.
In my humble opinion, I think investing in cryptocurrencies is better than investing stocks because cryptocurrencies are still at their infancy.
There is a very huge opportunity for everyone to earn.
Here are the steps on how to buy/invest in cryptocurrencies.
Basically, we will need a bitcoin wallet and exchange to be able to invest in cryptocurrencies.
And we can do this by buying bitcoin via coins.ph and trade (buy/sell cryptocurrencies) in Binance exchange.
Do the following steps below.
1. Create an account in coins.ph and Binance exchange using the links below.
If you sign up via the referral link below and verified your account, you and I, we will both receive P50 bonus in coins.ph and you will have 50% discount in fees in Binance. It's a win-win opportunity.
https://coins.ph/m/join/dnf8jf
https://www.binance.com/?ref=11329602
* I chose coins.ph because its stable and secure peso and bitcoin wallet with lots of other features like cellphone loads, credit card and other utility payments.
I chose Binance exchange because it has the least transaction fee (0.1%) as compared to other leading exchanges.
2. Verify your coins.ph account.
Unverified coins.ph account is limited to be able to only deposit P2000.
Inorder to lift this limitation, you need to verify your coins.ph account.
Check the link below on how to verify your coins.ph account.
https://support.coins.ph/hc/en-us/articles/201305154-How-can-I-increase-my-daily-transaction-limits-
3. Put cash (peso) into your coins.ph wallet.
My favorite way of cashing in is using cash deposit to Union Bank because the P40 processing fee will be returned back to your coins.ph account.
Although there are also other ways of cashing in like 7-11, Cebuana, etc., you won't receive back the processing fee.
4. Convert your peso to bitcoin. Using the convert button (see image below)
5. Send your bitcoin from your Coins.ph account to your Binance exchange account using the following steps.
a.) Login to your Binance account
b.) Click the menu [Funds->Deposits/Withdrawals]
c.) Click the [Deposit] button of bitcoin and copy the [BTC Deposit Address] (see image below)
d.) Login to your Coins.ph account
e.) Select bitcoin wallet and click [Send] button
f.) Send your preferred number of bitcoins to the bitcoin address that you copied in (c)
Note: Once you are able to successfully send the bitcoin from coins.ph, it will take around 20-30 minutes to reflect the funds into your Binance account.
6. Buy your preferred cryptocurrency.
That's all! Enjoy investing and raising your portfolio!