All it takes is 5 minutes.
All you need is any wallet where you're money's coming from (Gcash, Maya, Online Banking) and Coins.ph. Since you're on Hive, both Hive Keychain and Hive Engine should be familiar to you! 😍 (I use Keychain in this tut)
A little bit of a backstory... (just this one paragraph 👇 )
I have used this method to withdraw my Hive funds to my Maya wallet a couple of years ago. Ever since Maya been having problems with their crypto features, I basically stopped doing transactions with my Hive account until now.
I felt that I needed to top my wallet up, so here goes!
There's not a lot of posts on this so I'll add to the few.
Since I didn't know any other way to do this, I first tried to Google it. I stumbled into this post from last year, and I realized how tedious it was for a lot of us to do transactions with Coins.ph!
In this post, I used basically the same method I did with Maya, except that this time I did it with Coins.ph for the first time. It is a pleasure for me to be able to walk you through my first Hive purchase using Coins.ph.
The 5-Minute Process
The entire process took only five minutes for me, except for the transfer from Coins to Hive, which was something out of my control since crypto network confirmation time varies.
💡 The transfer was marked successful on Coins for exactly 30 minutes but did not reflect on Hive until another 5 minutes later.
Let me break down the process:
- Send Gcash funds to Coins
- Coins PH to Dogecoin (or any crypto)
- Doge to Hive Doge wallet (swap.doge)
- Swap.doge to Hive
Step 1: Create Your Crypto Wallet on Hive
Technically, this "crypto wallet" is just a container for your swap tokens. These swap tokens will hold your crypto balance. Aside from the fees and currency rates, it doesn't matter too much what crypto you choose as long as it's available on Coins.PH
The safest would be swap.BTC because we're 100% sure the mother of cryptocurrencies would be on Coins. In this tutorial, I use DOGE and will mention swap.DOGE or DOGE the whole time (you may change this to your coin of choice)
There are many swap tokens to choose from on Hive. There's swap.BTC, swap.ETH, swap.LTC and other popular coins. Don't overthink this step!
How to:
- Click on "Deposit" on Hive Engine
- Choose the cryptocurrency in the list of options. This will open the swap wallet for that account.
- Grab the wallet address
Step 2: Top of Your Coins PH with GCash and Buy Crypto
This is very straightforward. All you have to do is top up your Coins.ph account with GCash using bank transfer.
How to:
- For Gcash, tap on "Bank Transfer" >Search for "Coins" and type your name and Coins PH phone number
- Search for "Dogecoin or DOGE" in the list of crypto and tap "Buy"
Step 3: Send Coins to your Hive Wallet
Easily the most exciting part!
How to:
- Click on the "Portfolio Tab" on Coins
- Select "Withdraw" > To External Wallet > DOGE
- Paste the wallet address you copied earlier from the Hive Engine
- Step 4: Convert Your Swap to Hive
- Go to Hive Keychain (or on Hive Engine's wallet for conversion, whichever you prefer)
- Click on "Swap"
- Choose swap.DOGE and convert to swap.HIVE
- Repeat the process but this time convert swap.HIVE to HIVE
Posted Using INLEO
Great post. I do an extra step of coins.ph to binance then binance to hive. I wish coins.ph will list Hive too. There are too many worthless meme coins there but no Hive or Wax.
@janwrites
gawa ka din naman ng pabalik, from Hive to CoinsPh
Oo nga, good idea for another post naman when I'm ready to withdraw
It's still an annoying amount of steps and fees instead of for instance coins.ph accepting hive directly or a competitor to launch which does so, given how many ph users we have here, it's weird none have bothered to accept hive and use the social side of hive to grow their customer-base.
Completely agree! Coins PH is quite conservative and accepts only the most popular currencies. This might be the reason (or I could be wrong) since it's also just as hard for users to go through hoops of verifications to get a substantial withdrawal. That, or because Hive (the currency) is not regulated by a corporate entity the same way others like SOL and ADA are. Just my 2 cents though because I see a lot of memecoins there as well.
coinsph accepts memecoins, and yet they put alot of hurdles to Hive to be listed.
There where a small attempt by the DBuzz team a few years back, but did not make any progress.
I'm overwhelmed with info! How I wish I can absorb all these things sooner or later. 🙏
Yes, it really is overwhelming! But if you happen to need it very badly, you wouldn't mind going through all the steps. I hope you find this useful!
yay, easy peezy.. :)