A Comprehensive Guide to GCrypto: The Cryptocurrency Exchange Feature of GCash
By James Pebenito • June 26, 2023
A Comprehensive Guide to GCrypto: The Cryptocurrency Exchange Feature of GCash
GCrypto, the cryptocurrency exchange feature of the popular GCash App, offers users the convenience of buying, selling, sending, and receiving cryptocurrencies. Powered by PDAX, GCrypto provides a seamless platform for individuals looking to explore the world of digital assets. In this article, we will delve into the features of GCrypto, eligibility criteria for creating an account, transaction fees, and step-by-step instructions for various actions such as account creation, top-up and withdrawal, buying and selling crypto, as well as sending and receiving crypto.
GCrypto Features: GCrypto offers an array of features that enhance the cryptocurrency experience for users. These include the ability to top up and withdraw funds from your GCash wallet, buy and sell cryptocurrencies, send crypto to blockchain addresses, receive crypto from blockchain, and even access educational resources to learn more about the world of crypto.
Eligibility Criteria: To start using GCrypto, you need to meet certain eligibility requirements. These include being at least 18 years old, being a fully verified GCash App user, having updated user profile information within the last 3 years, and having a verified email address.
Transaction Fees: Top-up and withdrawal transactions do not have any fees. Buying and selling crypto transactions do not add any extra fees on top of the displayed buy and sell prices. Send crypto transactions may have withdrawal fees associated with them, which vary depending on the specific coin and include network fees paid by the sender. However, receiving crypto transactions do not incur any fees, as the sender covers all network fees.
Creating a GCrypto Account
- Step 1: On the GCash App, tap View All
- Step 2: Tap GCrypto
- Step 3: Tap Get Started
- Step 4: For some users, you will be redirected to the Authentication screen. You will be receiving an OTP code in your registered mobile number. Enter the OTP code and tap Submit
- Step 5: Tap I Agree
- Step 6: Fill out the Risk Profiling questionnaire and tap Submit
- Step 7: Read through all the agreements (e.g. Terms and Conditions, Privacy Policy, etc.) and make sure that you agree on all the items outlined. Tap I have read and agree to all of the following and tap Go to GCrypto.
Top-Up and Withdrawal: To top up your GCrypto trading wallet, follow these steps:
- Step 1: On the GCash App, tap View All
- Step 2: Tap GCrypto
- Step 3: Tap Top Up
- Step 4: Enter the amount you wish to top-up and tap Continue
- Step 5: Review your details then tap Pay
- Step 6: You will now see the confirmation screen of your successful top-up to your GCrypto Trading Wallet.
To withdraw from your GCrypto trading wallet, follow these steps:
- Step 1: On the GCash App, tap View All
- Step 2: Tap GCrypto
- Step 3: Tap Withdraw
- Step 4: Enter your desired amount and tap Continue
- Step 5: Enter the OTP sent to your registered email address and tap Submit
- Step 6: You will now see the confirmation screen of your successful withdrawal from your GCrypto Trading Wallet.
Buying and Selling Crypto: Buying crypto through GCrypto is a straightforward process:
- Step 1: On the GCash App, tap View All
- Step 2: Tap GCrypto
- Step 3: Tap on your desired Crypto
Note: Please make sure you have enough funds on your GCrypto Trading Wallet. - Step 4: Tap Buy
- Step 5: Enter your desired amount in PHP or Crypto and tap Buy
Note: Prices refresh every 10 seconds. - Step 6: You will now see the confirmation screen of your crypto purchase
Note:Â Your trading wallet will be debited with the amount you have used to purchase the coin or token. Your Crypto balances will be updated in your GCrypto dashboard.
Selling crypto through GCrypto is just as simple:
- Step 1: On the GCash App, tap View All.
- Step 2: Tap GCrypto.
- Step 3: Tap on your desired Crypto.
- Step 4: Tap Sell.
- Step 5: Enter your desired amount in PHP or Crypto and tap Sell.
Note: Prices refresh every 10 seconds. - Step 6: You will now see the confirmation screen of the Crypto you sold
Note: Your trading wallet will be debited with the amount you have used to purchase the coin. Your Crypto balances will be updated in your GCrypto dashboard.