Coins.ph Offers 65% Fee Cashback on ₱299 ($5)+ TRX Deposits
Coins.ph launched a promotion offering tiered fee rebates up to 65% for users converting USDT to pesos via the TRON network, with bonuses for top depositors and new account holders.
Key Takeaway
Coins.ph is paying Filipino users to route USDT deposits through TRON instead of other networks.
Coins.ph launched a promotion that rewards users who deposit USDT via the TRON network and convert to pesos.
The exchange is offering up to 65% cashback on conversion fees for the first ₱104,565 ($1,750) in USDT-to-PHP transactions. Users need to deposit at least ₱299 ($5) via TRX to qualify. The promotion runs through May 4, with a baseline period from March 25 to April 8 used to determine net new deposits.
Top depositors can claim guaranteed bonuses. First place gets ₱15,655 ($262), second place receives ₱10,456 ($175), and third place takes home $87. The exchange will also randomly select 10 new users — those who created accounts within the two weeks before the promo started — and award each $35.
Fee rebates scale with trading volume across five tiers. Users who trade between $150 and $284 in USDT get 10% back on fees. The rebate climbs to 20% for the $285-$424 range, 35% for $425-$599, and 50% for $600-$999. Anyone who trades $1,000 or more hits the maximum 65% rebate.
The timing follows Anchorage Digital's March 27 announcement that it would offer institutional custody for TRX — the first federally chartered U.S. crypto firm to do so. MetaMask also recently added native Tron support across its wallets. The SEC dropped fraud charges against Tron founder Justin Sun and the Tron Foundation in a settlement that saw BitTorrent developer Rainberry agree to a ₱597.51 million ($10 million) penalty.
Rewards will be credited within 15 business days after the promotion ends on May 4.
🇵🇭 What This Means for Filipinos: This promotion targets users who convert USDT to pesos — a common step in OFW remittance flows and peer-to-peer crypto trading. By incentivizing TRX network deposits with rebates up to 65%, Coins.ph is pushing users toward TRON's low-fee infrastructure instead of Ethereum or other chains that charge higher gas fees. The tiered rebate structure rewards higher-volume traders, which could benefit active P2P sellers and remittance receivers who regularly convert crypto to PHP on the platform.
