The World of Cryptocurrencies

Suppose you are an average millennial Filipino looking for additional sources of income and investment vehicles to reach your financial goals. In that case, cryptocurrency is one of the options you may be considering as it presents promising rewards despite its volatility.  

Cryptocurrencies are a complex and unusual technology that presents a wide range of opportunities, contributing to the rapid spread of ideas and strategies about them. It leaves people wondering if they should invest in it, if they are secure, or even how they operate. When talking about crypto, most people tend to feel overwhelmed and complex. Blockchain, Web 3, tokens, smart contracts, private keys – these words sound new and strange to the average Filipino. Despite sounding foreign, 53% of Filipino residents are said to be interested in owning crypto, based on the 2019 OECD Report. In addition, the global crypto market has grown 54x in the past 5 years and continues to grow despite the bear market, meaning that crypto in the Philippines is ripe with opportunity.

Then Again, What Really is Crypto? 

Cryptocurrency, often known as digital currency, is an alternative payment method created using encryption techniques. It is decentralized digital money that is used on the internet. In contrast to a central banking authority, cryptocurrencies follow a decentralized system of governance and control. Among the most substantial advantages of cryptocurrencies are their simplicity of use, security, and transactional freedom. Even if they haven't yet gained much reach or adoption, several cryptocurrency coins and tokens are built to have distinct benefits over fiat money or the established banking system. 

Studies have shown that the Philippines has a 16.6% crypto adoption rate, and of the 109 million Filipinos, 53% are interested in owning crypto, yet only 4% own crypto. We believe that every crypto-curious Filipino deserves a smooth, safe, and easy experience in buying their 1^st ever cryptocurrency. As the country's leading E-money wallet, GCash has established itself as a brand that Filipinos trust.

GCrypto 

Hence, GCrypto was formed. With its easy-to-use interface, save yourself from the hassle and overly complex steps of owning your first crypto. All you need is your GCash account to jumpstart your cryptocurrency journey.

In GCrypto, you can now buy and sell crypto in three (3) easy steps. To buy, choose your desired token, tap "BUY," input the amount in PHP or crypto, and confirm your purchase. When selling, click the "SELL" feature, input the required details, then confirm and enter your one-time pin (OTP). Easy as that! Saves you time, right?

GCrypto Tools

Moreover, GCrypto is equipped with beginner-friendly features and tools that will help every Filipino navigate their way to owning cryptocurrencies. The app's "Onboarding Tutorial" function will walk you through all the features so you can maximize your experience. For a more in-depth crypto experience, the app also showcases advanced portfolio management features and tools such as: 

1. Indicators for Gains and Losses

Gains and losses indicators provide instant access to visibly monitor how your assets are doing. This feature will give you an instant view of your portfolio's performance so you can decide whether to buy, sell, or HODL your crypto! 

2. Line Charts

A line chart is a graphical representation intended to get insight into changes in cryptocurrency prices over a specific time period, represented by a line. Stay updated with the recent happenings in the market with a single glance. 

3. A "Swap Crypto" Feature

You can now even swap crypto directly and seamlessly within the app! There is no need to worry about complicated orders or apps before you can exchange your crypto.  

4. Auto Buy/Cost Average

Dollar-cost averaging (DCA) is the practice of consistently investing a fixed amount of money at regular intervals regardless of the current price. Using this strategy, there's no need to try and time the market to buy at the best price. DCA-ing is a good practice and a starting point for beginner investors to consider when starting their journey. 

Learning with Bitskwela

Are you interested to learn more about cryptocurrencies? Worry not! GCrypto has its simplified crypto education learning modules powered by Bitskwela – a Filipino-led edutech platform that strives to make cryptocurrency education accessible to all Filipinos of any ethnicity.

Closing Thoughts

GCrypto doesn't stop there. Soon, GCrypto users will be able to participate in non-fungible tokens (NFTs) and have access to more portfolio management features. Exploring crypto has never been this simple. For the average Filipino, GCrypto provides an easy way to start your crypto journey and will guide you in every step you take. Finally, crypto na gets mo! I-GCrypto mo.