GoTyme Drops TIN Requirement for Activating GoCrypto, Gold Investing on Its App

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

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Digital bank GoTyme has officially dropped the Tax Identification Number (TIN) requirement for users looking to activate its in-app cryptocurrency and gold trading features.

According to a recent push notification sent to its users, the platform no longer requires a TIN to access these investment services, removing what was previously a perceived barrier to entry for retail investors.

GoTyme No TIN Required for Crypto, Gold

The policy shift was confirmed via an app alert sent to users, which read: “No TIN required to start investing in Crypto and Gold. Continue your account activation without a TIN. Head over to your GoTyme Bank app now.”

This update means users can immediately access GoTyme’s crypto products without having to provide their TIN.

Overcoming the Onboarding Friction

This reversal marks a shift from the initial launch of the “Go Crypto” feature. When GoTyme rolled out the service in late 2025, following the acquisition of its Virtual Asset Service Provider (VASP) license from the Bangko Sentral ng Pilipinas (BSP), users were met with this specific hurdle.

Before accessing the trading dashboard, the app required users to input a valid Philippine Tax ID number. On October 20, 2025, this advisory was picked up by this website and posted on the official BitPinas Facebook page where it received widespread attention, amassing nearly 2,000 reactions and hundreds of comments.

Many users expressed frustration, noting that the mandate effectively locked out students, freelancers, and casual investors who did not have immediate access to a TIN.

Why TIN Requirements Might Create Barriers for Users

The reluctance to provide a TIN stems from a mix of demographic realities and local tax policies. Globally, crypto users often express strong opposition to cryptocurrency taxation due to a combination of ideological, logistical, and financial reasons.

• A core tenet of cryptocurrency is decentralization, which is operating without the need for central authorities or intermediaries. Many crypto users see taxes as a way for governments to assert control over a system designed to be autonomous, so they view it as government encroachment on a peer-to-peer asset.
• The Philippines boasts one of the highest crypto adoption rates globally, yet a massive portion of the country’s adult population remains unbanked or operates in the informal economy. Many early crypto adopters are students or gig workers who do not readily possess a TIN.
• For a casual retail investor, acquiring a TIN specifically for side investments like crypto or digital gold is an administratively heavy process.

Streamlined Access for Retail Users

With the requirement now lifted, users who previously abandoned the setup process due to the TIN prompt can activate the feature simply by having a standard, fully verified GoTyme Bank account.

GoCrypto is the in-app cryptocurrency investment feature of GoTyme Bank, a licensed digital bank in the Philippines. Launched in late 2025 in partnership with global brokerage platform Alpaca, the feature allows GoTyme users to buy, sell, and hold digital assets directly within their existing banking app without needing to register on a third-party crypto exchange.

This article is published on BitPinas: GoTyme Bank Removes Mandatory TIN Requirement for Crypto and Gold Investments

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