Hey, there fellow Bitcoin hodler! If you’re finding yourself in the Philippines and looking to buy some Bitcoins using InstaPay, you’ve come to the right place!
XanPool is a platform that connects you directly to local sellers willing to sell Bitcoin to you using InstaPay. The process of buying Bitcoin is super simple. You send the money to the seller, and XanPool will make sure that once you’ve done so, the Bitcoins get sent to you immediately. Of course, before sending the money, you will have to verify your identity through our quick 3 minutes KYC process.
Steps on how to buy Bitcoin in the Philippines using InstaPay (Philippines Pesos):
Create XanPool Account + Verify Account.
Start by clicking the “Sign Up” button on the top right-hand corner to sign up for your XanPool account. And make sure you follow the process to verify your account with XanPool.
Start a Transaction
Navigate to the XanPool website where you can buy Bitcoins in the Philippines and click on the Large “Xchange” button circled in Diagram 1.0
Next, click on the “Buy Crypto” tag displayed next to the red “1” displayed on diagram 2.0 to make sure you are buying cryptocurrency.
Select how much Bitcoin you want to buy in Philippines Pesos, as displayed in diagram 2.0 next to the red “2”.
Verify again that you are buying in the Philippines, as displayed on diagram 2.0 next to the red “3”.
Enter your Bitcoin wallet address under “My Wallet”, as displayed on diagram 2.0 next to the red “4”. If you are temporarily unable to provide a Bitcoin wallet address, you can click the “XanPool Wallet” button in order to submit your wallet address later.
Once you are satisfied with the details of the transaction click on the “Xchange” button on the right side of the page, as displayed on diagram 2.0 next to the red “5”.
Make sure you make the payment within three minutes in order to lock in the rate of the Bitcoins. If your payment gets sent after the three minutes are over, your Bitcoin to PHP (Philippines Pesos) rate may change. Don’t worry it should not take longer than 3 minutes! All you have to do is:
Send the money by manually entering the Union Bank account number into any mobile banking applications that support the InstaPay money transfer function. Just follow the transaction instructions as displayed in diagram 3.0, next to the red “1”.
Once you have sent the money, and your account’s compliance matters are in order, the Bitcoins will be sent to your Bitcoin wallet instantly.
WARNING: If you do not include the text in your transaction. Your transaction may be delayed for up to 24 hours!*Please complete the transfer within 3 minutes to assure the current rate. If the funds are transferred after 3 minutes and the price of Bitcoin moves more than 1 percent at this time. Your transaction will be adjusted to the new market price.
And THAT is how you buy Bitcoins in the Philippines instantly using InstaPay! (compatible with all local bank accounts)