How to buy and sell cryptocurrency on PayMaya

PayMaya recently rolled out its crypto services inside the app, allowing users of the popular e-wallet to easily buy and sell cryptocurrencies. But how do you do it? Let us help you with that.

The first thing you need to do is make sure that your PayMaya is updated to the latest version. If you’re on Android, go to the Google Play Store, if you’re on iOS, go to the Apple App Store, then check if there’s an update.

Once updated, launch the PayMaya app and you will see the “Crypto” icon marked as “new” or “beta.”

How to buy:

1) Tap Crypto on the PayMaya homepage to be brought to your crypto portfolio.

2) Tap Buy on the bottom of the screen, then select the desired cryptocurrency. As of writing, these cryptocurrencies are available:

QNT (Quant)
DOT (Polkadot)
ETH (Ethereum)
BTC (Bitcoin)
MATIC (Polygon)
USDT (Tether)
SOL (Solana)
LINK (Chainlink)
ADA (Cardano)
UNI (Uniswap)

3) Input the desired Philippine Peso (PHP) amount you want to spend. You will see the equivalent cryptocurrency value based on an estimated market price. Then, tap Next on the upper right hand of the screen.

4) A Confirm Purchase tab will pop up. On this tab, you will see the amount in PHP you will be spending and the amount of cryptocurrency you will be receiving through this transaction. Once you are ok with the details, you may confirm your purchase and slide to buy.

Once you purchase your desired cryptocurrency, the amount will reflect on your app’s Crypto page.

How to sell:

1) Tap Crypto on the PayMaya homepage.

2) Tap Sell on the bottom of the screen, then select the desired cryptocurrency.

3) Select a percentage value to sell a part of your currently owned asset. You will see the equivalent PHP value based on an estimated market price. Then tap Next on the upper right hand of the screen.

4) A Confirm Sale tab will pop up. On this tab, you will see the amount of cryptocurrency you will be selling and the amount of PHP you will be receiving through this transaction. Once you are ok with the details, you may confirm your purchase and slide to sell.

You will automatically receive your earnings on your PayMaya wallet. Simply go to your app’s home screen and check the amount. Once you receive the amount, you can choose to use it for your everyday transactions with PayMaya or transfer it to your bank account instantly.

And there you have it. If you’re unfamiliar with cryptocurrencies, we highly recommend reading up a lot on it before you invest in this highly volatile market. Fortunately, the PayMaya crypto section already offers guides and news on the crypto space to keep you informed.

Source: Yugatech