Where to buy Ethers in the Philippines?

Let’s go straight to the point. Where to buy Ethers if you’re located in the Philippines. Oh wait, you don’t know what Ethers are? Read this Wikipedia article about Ethereum, or this very nice Infographic by Genesis Mining about Ethereum, then continue reading this post. So now you have an idea what Ethers, ETH and Ethereum are. To summarize what you just read (or if you didn’t even bother to read it) ETH = Ether (not to be confused with NYSE:ETH). Ether is a cryptocurrency token in the Ethereum Blockchain.

Familiar with Bitcoin? If you’re familiar with BTC, then ETH is slightly similar but not exactly the same. But wait, I just said above that I’ll go straight to the point.

So… where to buy ethers in the Philippines? Currently there are no PH-based crypto platforms and online wallets that lets you buy ethers, which sucks. But you can buy some good old + extremely slow Bitcoins in exchange for the shiny new + super awesome Ethers via Coins.ph with the help Shapeshift. There are also other Bitcoin sellers in the Philippines, but I’m only using Coins.ph. If you’re using another platform, you can also buy BTC from there then convert it to ETH at shapeshift.io. Team Coins.ph doesn’t have any plans yet to upgrade their platform and integrate Ethereum. Not this year, not next year, not even the year after next year.

Buy Ethers via Coins.ph + Shapeshift.io

In order to get some Ethers via Coins.ph, buy some Bitcoins. It’s pretty straightforward, just cash-in (via BDO, BPI or your favorite bank, 7/11, Cebuana, and a whole lot of cash-in options), once done, convert your PHP to BTC. Then use shapeshift.io to convert your Bitcoins to Ethers. Make sure you already have an ETH wallet before shapeshifting. I recommend Coinbase.com, Myetherwallet.com, and GateHub.net online wallets. You can also send it directly to your offline wallet, but if you’re new to Ethereum I recommend using online wallets, as it’s very easy to get one. No need to download anything, no need to store your private keys somewhere safe.

If you’re ready to transfer your BTC to ETH, I suggest that you use the “Quick” method, because the “Precise” method fails if your transaction is not confirmed within 10 minutes. And right now, BTC transactions are confirmed reallllly reallllly slow. I experienced a very long confirmation with one transaction that took 4 days, just recently. If you want to know more about Shapeshift’s Quick vs Precise transactions, read more about in their blog post.

Buy Ethers directly at CEX.io

This is probably the easiest way to get Ethers directly if you’re in the Philippines. Just link your credit card / debit card, transfer funds to your CEX.io wallet, then buy ETH. It’s that easy! But it’s relatively expensive to purchase Ethers at CEX.io compared to the coins.ph + shapeshift method. There’s a 3.5% fee + $0.25 USD per deposit. So if you deposit around $3000.00, you’ll pay $3,109.07. But it’s perfectly safe and fast and you can get your ethers instantly. Ether’s price increased by $30 since last week, so if you’re in a rush to ride the bull, then this is the best method for you.

Deposit first before you can buy any crypto.

After you made a deposit, you can instantly buy ETH in the Buy/Sell page.

CEX.io has a very strict verification process, but once your account is verified, then you can instantly buy Ethers, hassle free.

Buy Ethers at Poloniex.com

If you already have Bitcoins, you can send it to Poloniex, then buy ETH in their exchange platform. This is one of the easiest way to buy ethers. You can just store your ethers in your Poloniex wallet, or send it to a more secure client-side wallet like myetherwallet.com. When I buy at Poloniex, I just store my ethers at Poloniex to avoid more fees when transferring it to another wallet. But it’s always safer to keep it in your wallet, in case exchanges go down forever or disappear all of a sudden.

Buy ETH at Coinbase.com… soon?

Coinbase.com is my main Ethereum wallet. However, coinbase.com doesn’t allow buying and selling ETH yet for PH-based users, but they allow everyone—regardless of your citizenship—to use their super secure cryptocurrency wallet which currently support both BTC and ETH (And also LTC, very soon). Coinbase.com provides the most secure wallet on Earth for free! I highly recommend them if you want to store your Ethers online. You can easily transfer your purchased Ethers to this Wallet if you don’t want to use CEX.io as your main wallet.

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22 thoughts on “Where to buy Ethers in the Philippines?

  1. Pingback: Why you should NOT buy Bitcoins from Coins.ph | Jehzlau Concepts

  2. Hi Jehz,

    Thanks for this method. I am using the method above, Buy BTC from Coins.ph -> exchange to ETH using shapeshift-> coinbase.com.

    I’ve a question though. How can I exchanged ETH to PHP directly? Or if it’s not possible, what method do you use?

    Thanks!

    • I sell my ETH for BTC at Poloniex, then BTC to PHP in Coins.ph. There’s no direct method for ETH to PHP right now and Coins doesn’t have any plans to integrate ETH. 🙁 What we can look forward in the future is that Coins.ph will soon have wallet for Stellar Lumens, and Buybitcoin will have an XRP wallet soon.

      • Hi Jehz,
        Question lang, why did you use poloniex in selling eth? Hindi b pwede na shapeshift.io ulit to convert eth to bitcoin? Na confuse lang ako & newbie lang. Thx

      • Now ko lang napansin, wala pala sa post ko about buying and selling ETH in Poloniex. Haha! 😀 Pero yun na fastest way now, kasi pag dadaan ng shapeshift then balik sa Poloniex, doble na fee u. Kaya mas ok pag sell mo nalang ETH for BTC sa Poloniex. 🙂

  3. or pag gamit mo nicehash, auto convert ang eth to btc. then btc yo coins.ph the n cashout sa local bank account

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  5. hi ngtransact ako ngyon using shapeshift from coins.ph-shapeshift-coinbase..sa coins ok na un transcation pro pgcheck ko sa coinbase ala padn amount un eth ko

  6. hours pa lng nmn sir hahahah..kinabhan ako first time ko kc gwn..tpos hnd ngbasa sa comments section ms mura pla fee sa poloneix syang hahaha..usually ilan days max?

    • worst case, inaabot 4 days to 4 weeks. pero ethereum madalas less than 4 hours lang andyan na. Dumating na ba? ? bitcoin to bitcoin wallet na no fee or min fee ung inaabot ng weeks.

  7. Hi Jehzlau,

    Does fund transfer to CEX.io wallet via credit card here in the Philippines considered as cash advance? Will it incur additional fees and charges from the credit card company or the transfer of funds using MasterCard/Visa will be treated as a purchase transaction? Thanks.

  8. Can you do a tutorial on how to exchange ETH/LTC to BTC using Poloniex? And kung paano ko isesend sa Coins.ph account ko once ma-exchange sa BTC. I’m trying kasi ngayon and I’m kinda lost. Thank you!

  9. Pingback: Poloniex 101: Newbie's Guide to Buy and Sell Cryptos in Poloniex | Jehzlau Concepts

  10. Pingback: Where to buy IOTA in the Philippines? | Jehzlau Concepts

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