This easy-to-understand guide will walk you through on how to pay with bitcoins in the Philippines.
Step 1: Get A Bitcoin Wallet. You’ll need a BTC wallet for as your first step, which is an application that enables you to buy, hold, and spend bitcoins. It is suggested to use an authentic bitcoin wallet app that automatically calculates miner fees.
Step 2: Transfer Bitcoin Into Your Wallet. Bitcoin exchanges are available all over the world, allowing users to convert any currency into and out of bitcoin. You can use Peso as currency if you’re purchasing from a local merchant in the Philippines. Online stores, however, may accept other currencies.
Step 3: Find A Merchant That Accepts the Currency. In the Philippines, here are some stores that accept bitcoin payment: (a) metrodeal.com; (b) cashcashpinoy.com; (c) The Bunny Baker; (d) Wirin Cupcakery; (e) Mr. Delicious; (f) AtletA Sportswear (g) Yardstick Coffee. You can also check international companies online that accept this digital currency.
Step 4: Make A Payment. Payment made through bitcoin is comparable to sending an email. However, instead of a message sent to an email address, a particular amount of BTC is transmitted to a bitcoin address. After you provide the needed details, the platform will display the bitcoin payment information, which is either of the following: (a) A link to “Sign in to Coinbase”; (b) A QR Code; or (c) A Bitcoin Address. The process of payment may be slightly different depending on the platform you’ve chosen.