Maya opens crypto investing at P1

Maya is making cryptocurrency more accessible to Filipinos, allowing users to buy, sell and receive supported digital assets through its app with transactions starting at just P1.

The fintech platform is also offering users a chance to win up to P1 million in cash prizes through its Maya Crypto promotion running from 22 October to 17 December.

Eligible users who opt in to the promotion through the Maya app earn one raffle entry for every P1 worth of qualified cryptocurrency bought or sold.

The promotion includes a P1-million grand prize, weekly prizes of P1,000 and P10,000, and monthly prizes of P100,000.

To participate, users must first enroll through the in-app promotional invitation before completing eligible transactions. Only transactions made after successful enrollment qualify for raffle entries.

Users can access Maya Crypto through the app dashboard, select their preferred cryptocurrency, enter an amount starting at P1, and confirm the transaction.

Maya said the service allows users to explore cryptocurrency without requiring a separate trading platform or a large initial investment.

However, the company reminded users that cryptocurrency prices are volatile and may rise or fall sharply, potentially resulting in the loss of some or all of their investment.

Cryptocurrency holdings are not bank deposits and are not insured by the Philippine Deposit Insurance Corp.

Cryptocurrency services are provided by Maya Philippines Inc., not Maya Bank Inc. Both companies are regulated by the Bangko Sentral ng Pilipinas.