You can Now Purchase Crypto in PayMaya

You can Now Purchase Crypto in PayMaya

If you’re looking to start your Crypto journey, look no further. You can now purchase Crypto on PayMaya with its all-in-one app experience.

The digital financial services leader recently announced the launch of its cryptocurrency (crypto) feature through its app. This enables Filipinos to easily buy and earn digital assets such as Bitcoin and Ethereum for as low as ₱1.

For many of us, crypto can be challenging. But with this development, PayMaya makes it easier than ever for us to get into crypto. And unlike other e-wallets and apps, you can learn to use crypto, cash in to your wallet, buy and sell coins, and spend your crypto earnings, all without leaving the app. All you need is to have an upgraded PayMaya account to start trading in a variety of popular coins directly from your e-wallet in Philippine Pesos. You can also buy and sell crypto anytime with no extra cash in and cash out fees.

PayMaya is both an Electronic Money Issuer (EMI) and Virtual Asset Services Provider (VASP), licensed by the Banko Sentral ng Pilipinas (BSP). 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). More will be added soon.

“We’re excited to offer this new feature to our users – especially as more Filipinos become increasingly interested in cryptocurrency. Being at the forefront of digital payments and financial services, offering crypto is a natural expansion for us as we build the Philippines’ most accessible end-to-end money platform.”

Shailesh Baidwan, President of PayMaya Philippines.

Crypto made easy for every Filipino

Upgraded PayMaya users can conveniently access this feature on the app. If you are, however, new to PayMaya, registration only takes minutes, and your account can easily be upgraded with just a valid ID and a video selfie. Once you upgrade, you can now unlock its beginner-friendly way to invest crypto in PayMaya.

To help beginners understand the basics of crypto, PayMaya gives you access to tutorials and additional guided content in the app. Cashing in will also be easy as PayMaya boasts over 110,000 cash-in touchpoints nationwide.

Start your journey on crypto in PayMaya

To start buying crypto in PayMaya, just 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 to buy.
  3. Input the desired amount in Philippine Peso (PHP) 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 corner of the screen.
  4. A Confirm Purchase tab will pop up. The amount in PHP and the amount of cryptocurrency you will be receiving through this transaction will be shown. Once you are okay with the details, you can confirm your purchase and slide to buy.

Once your done with your purchase, the amount will reflect on the app’s Crypto page.

Selling crypto is also as easy as buying it, just follow these steps:

  1. Tap Crypto on the PayMaya homepage.
  2. Tap Sell on the bottom of the screen, then select the desired cryptocurrency to sell.
  3. Select a percentage value of your currently owned asset to sell. You will see the equivalent PHP value based on an estimated market price. Then tap Next on the upper right-hand corner of the screen.
  4. A Confirm Sale tab will pop up. The amount of cryptocurrency you will be selling and the amount of PHP will be receiving through this transaction will be shown. Once you are okay with the details, you can confirm your purchase and slide to buy.

You will automatically receive your earnings on you PayMaya wallet. You can check the amount on the app’s home screen. With this seamless experience, PayMaya encourages more Filipinos to experience crypto.

Download PayMaya Now!

If you don’t have a PayMaya account yet, you can download the app on the links below. Use my invite code to get rewarded with credits when you upgrade and cash in your account.
Invite Code: 2JX6YXGGJ814

Source: Press Release

Geek-of-all-Trades, master of none, Josef is the founder of Davao Geek Hub. He has a passion for all things tech, and consumes all forms of media.