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In the video tutorial, the speaker discusses the use of a reference application for trading in cryptocurrencies, specifically focusing on how to buy and sell, as well as completing the KYC (Know Your Customer) process. They emphasize that the information provided is for updates only and should not be considered as investment or financial advice. The speaker mentions the importance of doing personal research before trading and highlights the process of cashing in through an e-wallet like GCash, with a minimum amount of 250 pesos. They also touch on cryptocurrency options available, including LTC (Litecoin) and BCH (Bitcoin Cash), and clarify that transactions can start as low as 50 pesos.