The Filipino Kickstarter to Using Bitcoin | Part 2

If you’ve read the first part of this episodic informative article series, then you should be introduced to bitcoin already. You should already have a bitcoin wallet, know your bitcoin address and you should have an active presence in the community. So you’ve gotten yourself some bitcoin, now what are you going to do with it? You’re not exactly going to twiddle your thumbs again until something happens right? Just think of it, your first purchase. What could it be? That nice handbag or that new video game you’ve been saving up for all year? Isn’t it exciting? Well, what if you could pay for it – with bitcoin?


So you already got yourself money by being on your computer all day long? Well, why not make it even more 21st century by spending that money being on your computer all day long? There are already many Philippine services you can spend your money on, from CashCashPinoy and MetroDeal we’ve already mentioned so many times and through going to the local community groups to see if you can come to a deal. Certain merchants accept bitcoin on OLX and other peer-to-peer merchant sites, so why not?

Bitcoin transfers are quicker and more secure, but they can be fraudulent, so before buying anything, ensure that the merchant you’re buying from has a good reputation and has good and positive feedback from previous customers. If the item you want can be found online and are purchasable with bitcoin as a payment method, you’re in luck.


If you ever had the misfortune of having to deal with a site that has what you want but doesn’t accept bitcoin as a payment method, it may be a bit tricky. If you want something on Amazon or eBay, a gift card might do the trick. The best place to get gift cards are on Gyft, which is for US users only, so you may want to chat up a friend or a community member who can get that for you, try other sites.

PayPal can be a handy, as PayPal isn’t exactly confident and comfortable with bitcoin around the place, and they’re pretty open about it. If you really positively have to use PayPal, you can try having it traded through a merchant or follow the next part of the guide.


For those of you whose fathers, mothers and relatives are Overseas Filipino Workers or OFWs, you may already be familiar with remittances. This is money sent by a worker abroad to his or her family, and while you’re not exactly the target audience, it’s still pretty great and reliable. and allow you to send bitcoin and pick it up at their HQ for free or at your local LBC, Cebuana Lhuillier and so on for a little fee. You can even have it sent to your savings account.

Through this, you can get your money as Philippine Peso and even send it to a loved one if you need to. Just like that, and you can spend your “bitcoins” just like regular money now.

Sure, we may not have fancy bitcoin ATMs all around the place (though if you live in the Makati area you may be in luck) or currency exchanges just next door, but we’re getting there. I hope that this guide has helped you in your future endeavors with bitcoin. It’s a tough world out there. And that’s it, The Filipino Kickstarter for Using Bitcoin. We’ve covered how to get started and what to do once you’re all set, and now it’s your turn. How will you kick your career further to the goal?

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So, you’re from the Philippines and you want to get into bitcoin? This guide is designed to help you get started and give you a kick start ahead into the bitcoin community. This article isn’t strictly for Filipino newcomers, but a lot of the tips here will refer to bitcoin services that are available or supported in the Philippines.


The first thing you want to do is to get yourself a wallet. Your wallet is basically your account in the bitcoin community, and you’re going to need it if you’re going to get into cryptocurrency. A bitcoin wallet holds your private keys that you need to spend or use your bitcoins. Once you obtain one, you’ll be given a bitcoin address, a “username” you’ll be using and giving to others so that they can interact with your wallet, allowing them to send you bitcoin in return.

There are many ways to get yourself a wallet. For a beginner, I highly recommend Blockchain, GreenAddress and Coinbase. These are web wallets, which means that you’ll need an internet browser to go to the corresponding wallet provider’s website to access it. All of them have mobile apps as well, so you can send and receive funds on the go.

Getting a web wallet is as simple as signing up in the provider’s website and that’s it – you have a bitcoin wallet.

Once you’re done with that, get used to the interface, read up a couple guides, get yourself a few satoshis at a faucet or two, and when you’re finished twiddling your thumbs and you’re finally ready to step up, move on.


So now you have a wallet. Now what? You don’t really think you can get yourself your first millibit by gambling all day at Primedice or hanging out at the faucet 24/7, do you? Now what you’re going to want to do is to get into the bitcoin community. Bitcoin is a peer-to-peer network, so you’re not exactly going anywhere without peers.

Why not sign yourself up at the forums, get yourself a job at /r/Jobs4Bitcoins on Reddit or chat up someone you know who’s already into bitcoin? Look up Philippine bitcoin communities on Facebook or Twitter, or even get yourself into a group or two. There’s the Bitcoin PH and Bitcoin Organization of the Philippines groups as well, so if you already have a Facebook, you can get yourself into those.

Just introduce yourself and talk to people. You’re not going anywhere without completing this step, but it’s not at all that hard. The Bitcoin community is huge, and you don’t have to lock yourself into one group. Get your friends to join and team up, and maybe, just maybe, you’d find yourself signing up for a job.


Okay, this part can be a little challenging. You might say, “I don’t even make a single cent in real life and you expect me to get employed that fast just by meeting random strangers on the internet?!”, and to that I respond: Well, no. Meeting people you can get to know on the internet is as easy as getting into a bitcoin-themed chatbox and the occasional cryptocurrency chat roulette, and getting yourself a job on the internet and getting paid for it sounds a little suspicious and a little bit of a scam, after all, isn’t that everybody’s dream?

So let’s just set it straight, you’re not going to be making any notable income if you have absolutely nothing to offer, but isn’t that kind of why you’re looking for a job? Because you know you can do something and want to get paid for it? What are you already great at? If you’re already great at writing code, composing music or drawing artworks then chances are you have already have a good chance at getting yourself a job. Go ahead and sign up a bitcoin job finder or try it’s sub-reddit at /r/Jobs4Bitcoins.


Next time, we’ll talk about using the money you’ve earned, and what services you can use to spend the precious bitcoins you’ll be saving up. We’ll be talking about currency exchanges, remittances and some services you may need to understand to get further with bitcoin.

This guide may have been a little harsh, and not exactly welcoming, and that’s not the vibe I wanted to give off when writing this guide. The truth is, the bitcoin community isn’t all that hard to get into, but the thing is, you have to learn to make an effort. There’s no real magic trick that will get yourself those bitcoins, there’s no special formula or ten steps to follow to suddenly have wads of cash. It’s all just hard work, but in the end, it’s surely paid off.