Why Use UMA?
- Send and receive transfers in seconds, wherever you are.
- With UMA, you’ll get low-cost transactions and the best rates for your money transfers
- 24/7 instant transfers, no matter the time or day.
What is UMA?
UMA, your human-readable address for money transactions (e.g., $Juan2646@coins.ph), simplifies receiving Euros. By using the lightning network, UMA combines ease with speed and cost-efficiency. This allows you to receive BTC in near real-time from senders anywhere in the world. Think of it as a personal email address for sending money!
How can I get an UMA?
If you already have a Coins.ph account, you already have a UMA ready to be used!
How can I use my UMA?
Sending via UMA on Coins app is easy! Just follow these simple steps:
- Click on ‘Portfolio’ on the Home Page
- Select ‘Withdraw’ and Choose ‘Cash Out
- Scroll below and choose ‘Bitcoin Lightning Network’
- Provide the UMA you’ll be sending to.
- Input the amount you want to send and confirm!
If you don't have an UMA yet, click here to create one now!
For more information on how to send and receive, click here.
Send UMA to YouHodler Today
Send and receive Euros via YouHodler, the European receiving end for global UMA address transactions with Coins.ph! Through YouHodler, you can send PHP or BTC to an UMA address and it converts it to Euros or any other supported currency. Here's how it works:
UMA Promos
Make the most of your UMA experience with these ongoing promos:
Send to UMA, Earn Cashback!
Send money anywhere in the world with UMA – fast, low cost, secure, and hassle-free!
For a limited time, get rewarded with up to Php 300 in cashback by sending funds to UMA Addresses. Promo period runs from November 22, 2024 to January 16, 2025.
For more information, click here.
Frequently Asked Questions
How does UMA offer more competitive pricing than traditional methods?
UMA reduces fees by leveraging efficient, blockchain-based transactions, cutting out intermediaries and allowing you to send money at a lower cost compared to traditional options.
How does UMA transfer money faster than other methods?
UMA uses the Lightning Network, enabling instant transactions across borders. Unlike traditional transfers that may take days, UMA ensures your money arrives in real-time.
Does price volatility affect my transactions with UMA?
No, price volatility is not a factor with UMA. Thanks to the Lightning Network, UMA transactions are nearly instantaneous. This speed minimizes any exposure to fluctuations in cryptocurrency prices, so the amount sent remains stable from start to finish. You get the benefits of secure, cross-border transfers without worrying about value changes along the way.
Is UMA Safe?
UMA is a safe and secure way to transfer funds! By using the Lightning Network, UMA ensures that your funds arrive to you or your peers account smoothly.
How long does UMA transfers take to complete?
You’ll only need to wait seconds for a transfer to be completed, regardless of the time or day.
!){kind=link}