PayMaya, which has 38 million users in the Philippines, has activated buy and sell crypto in its app. Using the app, there is no need to use PayMaya as a “ramp” to buy crypto in local or international exchanges. Filipinos can buy crypto on PayMaya directly.
How to buy crypto with PayMaya
PayMaya activated its crypto function a solid 3 months after receiving a virtual currency exchange license from the Bangko Sentral ng Pilipinas. In a December interview with BitPinas, the company says it was not planning to acquire an existing licensed exchange. It said putting crypto products in their app is part of its roadmap, and the firm is “approaching it purposively.”
“The challenge is how to develop the right solutions relevant to our customers. We are not putting services on the market just for the sake of claiming that we are offering them,” PayMaya’s Nick Wilwayco answered in a previous BitPinas interview.
Step-by-step buy or sell crypto directly from PayMaya
This is done by simply clicking “Crypto” in the dashboard of PayMaya app. After that you simply need to click buy (or sell) and choose the crypto you want to purchase.
1) Click “Crypto” icon on the dashboard.
2) Click “Buy”
3) On this page, select the crypto you want to buy.
4. Click “Next”
5. Just slide to buy.
What are the available cryptocurrencies on PayMaya?
- Bitcoin
- Ether
- LINK
- ADA (Cardano)
- MATIC
- DOT
- UNI
- SOL
- USDT
- Quant
What is the minimum Peso amount to buy crypto on PayMaya?
The minimum amount is 1 pesos.
What else can I do on PayMaya Crypto Dashboard?
They have some guides around crypto as well as crypto news.
Are the rates better than on other exchanges?
We are not sure at this point, but we can test in the coming days.
This is a developing story.
This article is published on BitPinas: How to Buy Crypto, BTC, ETH, ADA, on PayMaya Philippines
The post PayMaya Crypto Now Live! | How to Buy Crypto, BTC, ETH, ADA, on PayMaya Philippines appeared first on BitPinas.
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