May 23, 2024 The new app by Paybis: Crypto Price Tracker for Your iPhone + 25% Welcome Bonus!

Buy Bitcoin with GCash

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How to Buy Bitcoin with GCash

Buying BTC with GCash

To use GCash to buy Bitcoin through Paybis, you will need to follow these general steps.
 
  1. First-time users should sign up for an account on Paybis. You will likely need to provide basic details and go through a verification process to comply with Know Your Customer (KYC) regulations. It takes less than 10 minutes.
  2. Input the amount of Bitcoin you want to buy or the amount of Philippine Peso you want to convert to BTC.
  3. Choose GCash as your preferred payment option. Then enter the wallet address to receive BTC or choose the default Paybis wallet. You will see a QR code on the next screen. Scan it with your GCash mobile app and that's it!
Alternatively, if you don't use GCash, you can scan the QR code with any of your favorite apps supporting QRPh such as Maya, GrabPay, InstaPay, PESONet, and others!

What is GCash?

GCash is a mobile wallet app that is widely used in the Philippines. It's a fintech platform that allows users to perform various financial transactions using their mobile phones. 
 
  • Users can send and receive money from other GCash users, pay bills, and purchase goods and services
  • GCash allows users to link their bank accounts or credit cards for seamless fund transfers.
  • With Paybis, users can now even buy cryptocurrency with GCash from anywhere in the Philippines.

Why use GCash to Buy Bitcoin in the Philippines?

GCash has become a crucial part of the digital financial landscape in the Philippines, providing accessibility and convenience for a wide range of financial transactions, especially in areas where traditional banking services are limited or unavailable.
Some advantages of using GCash to buy BTC are:
 
  • Ease of use
  • Accessibility
  • Localized payment method
  • Quick and convenient
  • Low transaction fees
  • Useful security features

Why Buy BTC in the Philippines?

Bitcoin, like in many other parts of the world, offers various potential benefits to Filipinos.
 
  • Remittances: The Philippines is one of the largest remittance-receiving countries in the world. Bitcoin can offer a cheaper and faster alternative for overseas Filipino workers.
  • Protection Against Currency Depreciation: Filipinos might use Bitcoin as a hedge against the depreciation of the Philippine Peso or as a way to preserve the value of their savings.
  • Investment Opportunities: Bitcoin acts as an alternative investment vehicle. The cryptocurrency market is known for its volatility, which, while risky, can offer substantial returns for knowledgeable investors.