It is good when you save your bitcoin in your wallet like I stored it to coins.pH and anytime i need to withdraw in case of emergency I convert it to peso and transfer to my bank account.
Yeah it is good that the Philippines made an online wallet like coins.ph that accepting bitcoin and convert bitcoin into our money country. It is one og the most trusted wallets in our country. And like you said if you have emergency it is a less hassle because the coins.ph is enough to convert the bitcoin into our money country
It is a good innovation because then we can exchange and also withdraw easily. but it must be questioned whether the place is safe to store the Bitcoin we have. because I think a safe wallet is a wallet that has private keys. a local exchange company is quite trustworthy, but what if there is a hacking of the website. it could be that all bitcoins from all registered users can disappear easily. I may still give some options that is when we want to store Bitcoin in large quantities then the offline wallet can be an option and when we want to do exchange and transfer with high mobility then web wallet can be an option.