PayMaya Simplifies Cryptocurrency Trading with All-in-One App Experience
PayMaya today announced the launch of its cryptocurrency (crypto) feature within its all-in-one finance app experience, allowing Filipinos to easily buy and earn digital assets such as Bitcoin and Ethereum for as low as P1.
Crypto can be a difficult concept to grasp for a large number of people. A crypto account usually requires the download and the completion of a verification process before it can be used. You'll also need a way to store money, such as a bank account or an e-wallet app.
PayMaya's latest feature makes it easier than ever for everyone to get started with cryptocurrency by providing an all-in-one experience. There is no need to create a new account, request an upgrade, or utilize a different app. Unlike other e-wallets and apps, PayMaya enables you to learn how to use cryptocurrency, deposit funds into your wallet, buy and sell coins, and spend your cryptocurrency earnings without ever leaving your PayMaya account.
All you need is an upgraded PayMaya account to begin trading in a number of the most popular cryptocurrencies directly from your Philippine Pesos PayMaya wallet. Additionally, you can smoothly buy and sell cryptocurrency at any moment with no additional cash in or cash out expenses.
PayMaya is licensed by the Bangko Sentral ng Pilipinas as an Electronic Money Issuer (EMI) and a Virtual Asset Services Provider (VASP) (BSP). Consumers can enjoy safe and legitimate crypto transactions thanks to PayMaya's strong track record of security and reliability, as evidenced by its 99.9% app uptime.
PayMaya is currently rolling out the feature progressively to its base. Other popular coins and tokens available for trading are Cardano (ADA), Chainlink (LINK), Uniswap (UNI), Solana (SOL), Quant (QNT), Polkadot (DOT), Polygon (MATIC), and Tether (USDT), with more coming soon.
PayMaya developed this service in collaboration with Coinbase Institutional as part of its Invest platform. Coinbase is the world's largest publicly traded cryptocurrency startup and the trusted bridge to the crypto-economy. Coinbase Institutional provides a comprehensive array of products and services, including custody, prime brokerage, trading tools, and analytics, as well as an enterprise infrastructure built on a secure platform. Coinbase Institutional delivers the scalability and stability necessary to participate successfully in the cryptocurrency ecosystem.
Crypto made easy for every Filipino
PayMaya users who have upgraded their accounts can conveniently use this functionality through the PayMaya app. If you're new to PayMaya, registration is quick and easy. All you need is one valid ID and a video selfie to update your account. After upgrading your PayMaya account, you'll have access to a simple and beginner-friendly method of investing in cryptocurrency on PayMaya.
PayMaya includes tutorials and additional guided content in the app to assist you in understanding the fundamentals of cryptocurrency. Once you're ready, you can enjoy a simplified and simple-to-navigate interface for all of your transactions, including buying, selling, holding, and even cashing out your winnings - all in one app!
Cashing in is easy because PayMaya boasts over 110,000 cash-in touchpoints nationwide – with 90,000 outlets offering this service FOR FREE. You can also enjoy flexibility when it comes to enjoying your crypto earnings – from using it to pay your bills, shop online or in-stores, or cashing out via bank transfers in real-time!
To start buying crypto on your PayMaya app, follow these simple steps:
1. Tap Crypto on the PayMaya homepage.
2. Tap Buy on the bottom of the screen, then select the desired cryptocurrency.
3. Input the desired Philippine Peso (PHP) amount you want to spend. You will see the equivalent cryptocurrency value based on an estimated market price. Then, tap Next on the upper right hand of the screen.
4. A Confirm Purchase tab will pop up. On this tab, you will see the amount in PHP you will be spending and the amount of cryptocurrency you will be receiving through this transaction. Once you are ok with the details, you may confirm your purchase and slide to buy.
Once you purchase your desired cryptocurrency, the amount will reflect on your app's Crypto page. There you have it - you're now officially into crypto!
Selling your crypto is just as easy as buying it. All you have to do is:
1. Tap Crypto on the PayMaya homepage.
2. Tap Sell on the bottom of the screen, then select the desired cryptocurrency.
3. Select a percentage value to sell a part of your currently owned asset. You will see the equivalent PHP value based on an estimated market price. Then tap Next on the upper right hand of the screen.
4. A Confirm Sale tab will pop up. On this tab, you will see the amount of cryptocurrency, you will be selling and the amount of PHP you will be receiving through this transaction. Once you are ok with the details, you may confirm your purchase and slide to sell.
You will automatically receive your earnings on your PayMaya wallet. Simply go to your app's home screen and check the amount. Once you receive the amount, you can choose to use it for your everyday transactions with PayMaya or transfer it to your bank account instantly.
PayMaya's seamless experience encourages more Filipinos to explore cryptocurrency.
1. Tap Crypto on the PayMaya homepage.
2. Tap Sell on the bottom of the screen, then select the desired cryptocurrency.
3. Select a percentage value to sell a part of your currently owned asset. You will see the equivalent PHP value based on an estimated market price. Then tap Next on the upper right hand of the screen.
4. A Confirm Sale tab will pop up. On this tab, you will see the amount of cryptocurrency, you will be selling and the amount of PHP you will be receiving through this transaction. Once you are ok with the details, you may confirm your purchase and slide to sell.
You will automatically receive your earnings on your PayMaya wallet. Simply go to your app's home screen and check the amount. Once you receive the amount, you can choose to use it for your everyday transactions with PayMaya or transfer it to your bank account instantly.
PayMaya's seamless experience encourages more Filipinos to explore cryptocurrency.
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