The Top Crypto Exchanges in Philippines to Buy and Sell BTC and Altcoins

Discover the dynamic world of crypto exchanges in the Philippines, your gateway to digital currency trading tailored specifically for the Philippine market. This guide provides a thorough overview of the top platforms designed to cater to Filipino users, highlighting their unique features and benefits.

Sign up now to claim a welcome pack of 6200 USDT!
Up to $600 in Welcome Bonuses!
Need a Site Review?
We'd love to review your site and put it up here.
Get in touch, now!

Related Guides

Start from here
article thumbnail

Top Crypto Platforms for Shorting BTC & Altcoins

Discover top crypto shorting exchanges with Bitcoin.com in the ever-evolving market

Read this article
article thumbnail

Top Low-Fee Crypto Exchanges for BTC & Altcoins

Find the most cost-effective crypto exchanges with Bitcoin.com .

Read this article
article thumbnail

Best Exchanges for Buying and Selling Ripple (XRP)

Discover the best Ripple (XRP) exchanges with Bitcoin.com for easy trading

Read this article
article thumbnail

Top Exchanges for Buying and Selling Altcoins

Find user-friendly exchanges to trade altcoins with low fees and protections.

Read this article
article thumbnail

Top Crypto Day Trading Exchanges

Explore leading exchanges for day trading BTC and altcoins with advanced features.

Read this article

Related Guides

article

Top Crypto Platforms for Shorting BTC & Altcoins

Read this article
article

Top Low-Fee Crypto Exchanges for BTC & Altcoins

Read this article
article

Best Exchanges for Buying and Selling Ripple (XRP)

Read this article
article

Top Exchanges for Buying and Selling Altcoins

Read this article
article

Top Crypto Day Trading Exchanges

Read this article
Start from here

The Best Filipino Crypto Trading Apps and Platforms in 2024

Bitget Review

Bitget has quickly emerged as a standout player in the Philippines' cryptocurrency ecosystem, offering a cutting-edge and versatile trading platform tailored to meet the unique needs of Filipino investors. This exchange sets itself apart with its exceptional liquidity and an impressive range of digital assets, including major cryptocurrencies and a wide variety of altcoins. What makes Bitget a favorite among Filipino traders is its user-friendly interface, which appeals to both crypto novices and seasoned investors. The platform's support for PHP (Philippine Peso) transactions streamlines the trading process for local users, eliminating the hassle of currency conversions. Bitget's strict adherence to Philippines regulatory requirements ensures a secure and compliant trading environment, fostering trust within its growing Filipino user base. Filipino traders are particularly drawn to Bitget's innovative features, such as copy trading, which allows users to mimic the strategies of successful investors. This tool is a game-changer for beginners learning the ropes and experienced traders looking to diversify their approaches. Bitget also offers futures trading and staking options, providing Filipino crypto enthusiasts with multiple avenues to potentially maximize their investments. With round-the-clock customer support and a focus on continuously improving user experience, Bitget is fast becoming the go-to platform for the Philippines' thriving crypto community.

  • Compliance with BSP
  • Tagalog customer support
  • High-speed order execution
  • Competitive fee structure
  • Regular trading contests
Supported cryptocurrencies

550+

Year launched

2018

Binance Review

Binance has cemented its position as a dominant force in the Philippines' cryptocurrency market, offering an unmatched array of digital assets and a multifaceted platform that addresses the diverse requirements of Filipino traders. As a global crypto giant, Binance introduces its robust liquidity and state-of-the-art security protocols to the Philippine market, drawing a broad spectrum of investors, from crypto novices to veteran traders. A key highlight for Filipino users is Binance's extensive cryptocurrency catalogue. Traders can explore not just mainstream tokens, but also a wide range of altcoins and emerging assets, empowering Filipino investors to construct varied and resilient portfolios. This comprehensive offering resonates strongly with the growing interest in diverse crypto investments among Filipino enthusiasts. The platform's user-friendly design guarantees a fluid trading experience for Filipino users. Binance's integration of PHP (Philippine Peso) transactions, coupled with P2P trading options, streamlines operations for local traders. The exchange's forward-thinking approach to regulatory compliance bolsters security and cultivates trust within the Philippine crypto community. Binance unlocks numerous pathways for Filipino traders to potentially amplify their investments. Users can delve into staking, engage in token launches via Binance Launchpad, or tap into the Binance Smart Chain ecosystem. The platform's native token, BNB, provides extra perks and possibilities within the Binance ecosystem, further enriching the trading journey for Filipino users.

  • Philippine regulatory compliance
  • Industry-leading liquidity
  • Wide variety of trading products
  • Competitive fee structure
  • Robust security measures
Supported cryptocurrencies

600+

Year launched

2017

Claim Your Exclusive Bonus!

Be the First to Access Exclusive Bonus Updates - Don't Miss Out!

Sign Up Now!
Buy crypto
Sell crypto
I want to buy
BTC
Bitcoin(BTC)
How much?

How to Choose a Crypto Exchange for Filipino Traders

Selecting the right crypto exchange in the Philippines becomes straightforward when you know what to look for. Consider your priorities: do you need access to a broad range of cryptocurrencies, or are you primarily focused on Bitcoin trading? Choose platforms that offer robust security, user-friendly interfaces, and dependable customer support. These criteria will help you find the ideal exchange for your trading needs.

Trading Fees

Understanding transaction costs is crucial as they directly impact your profitability in the crypto market. Comparing fees across various Philippine crypto exchanges is essential to find one that offers the lowest rates. Keep in mind that while some platforms might offer lower trading fees, they might charge higher fees for withdrawals or deposits. A thorough evaluation of fee structures will help you find an exchange that fits your budget and trading strategy.

Available Cryptocurrencies

When selecting a crypto exchange in the Philippines, consider the variety of available cryptocurrencies. Leading exchanges feature extensive portfolios, allowing investments in Bitcoin and various altcoins. These platforms often support numerous digital assets, giving you the flexibility to invest in the most promising currencies.

Payment Methods

Managing your funds conveniently is a key factor. Look for Philippine crypto exchanges that support a wide range of payment methods, including bank transfers, credit cards, and possibly digital wallets like PayPal. A broad spectrum of payment options simplifies managing your investments seamlessly.

Security

Security is paramount when choosing a crypto exchange. Top exchanges in the Philippines implement advanced security measures such as two-factor authentication (2FA), cold storage solutions, and robust encryption protocols to safeguard your assets from external threats, providing peace of mind.

Accessibility

A premier trading platform should be accessible and user-friendly, regardless of your location or device. The most popular cryptocurrency trading platforms amongst Filipino investors and traders offer intuitive mobile apps and responsive websites, ensuring smooth trading on the go. Ensure the platform supports local regulations and languages for a hassle-free trading experience.

Liquidity of Crypto Assets

High liquidity is essential for effective trading, enabling quick transactions at desired prices. Leading Philippine crypto exchanges boast significant trading volumes and a strong user base, reducing price slippage. This high level of liquidity benefits both novice and experienced traders.

Support

Exceptional customer support is crucial. The finest crypto exchanges provide 24/7 customer service through various channels, including live chat, email, and phone. Prompt and effective support can significantly enhance your trading experience, allowing you to focus on your trading strategies.

User Interface

An intuitive user interface greatly enhances your trading experience. Crypto exchanges in the Philippines that prioritize user experience offer platforms that are easy to navigate for both beginners and advanced users. This simplifies trading and portfolio management, making the process straightforward and efficient.

Reputation Amongst Filipino Traders

The reputation of a crypto exchange is a vital indicator of its reliability. Before deciding, research user reviews and testimonials to understand the experiences of other traders. The most reputable crypto exchanges in the Philippines are known for their transparency and customer satisfaction, demonstrating their commitment to providing a secure and effective trading environment.

By considering these factors, you'll be well-prepared to choose the best crypto exchange in the Philippines that meets your needs and helps you achieve your trading goals.

Types of Crypto Exchanges

Discover the diverse landscape of crypto exchanges in the Philippines, tailored to meet various trading preferences and needs. Whether you're a seasoned investor searching for a platform to short Bitcoin or a beginner exploring the crypto world, understanding the different types of crypto exchanges in the Philippines will help you choose the best fit for your trading strategy.

Centralized Exchanges (CEX)

Centralized exchanges are the most prevalent type of crypto exchange in the Philippines. Managed by a central authority, these platforms offer high liquidity, support a broad range of cryptocurrencies to trade, and feature user-friendly interfaces. While using a CEX means entrusting your funds to the exchange, which carries security risks, many top Philippine crypto exchanges are centralized, providing robust services and extensive support.

Decentralized Exchanges (DEX)

Decentralized crypto trading platforms enable Filipino users to trade directly with one another without a central authority. These platforms emphasize privacy and security, allowing users to retain control over their funds. Although DEXs typically have lower liquidity and might be complex for beginners, they are favored by those who value privacy and autonomy in their trading activities.

Futures Exchanges

Futures trading platfroms and apps allow traders to engage in cryptocurrency futures contracts, committing to buy or sell an asset at a predetermined price on a future date. Preferred by those looking to hedge risks or speculate on future market trends, these platforms often offer high leverage but come with significant risk. Experienced traders frequently favor futures exchanges for their strategic advantages.

Margin Trading Platforms

Margin trading platforms allow users to trade using borrowed funds, significantly enhancing potential profits or exacerbating losses. Suitable for traders looking to leverage their positions to increase purchasing power, these exchanges pose high risks but can greatly amplify returns for those confident in their trading strategies. Margin trading platforms are often considered top choices for ambitious traders on Philippine crypto exchanges.

Peer-to-Peer (P2P) Exchanges

Peer-to-peer exchanges facilitate direct trades between users, providing a platform where buyers and sellers can negotiate terms independently. These exchanges offer enhanced privacy and flexible payment options. While P2P platforms increase user control over transactions, they require a higher level of trust between trading partners. This type of exchange is ideal for those seeking personal interaction and customizability in their trades.

Options Exchanges

Options exchanges facilitate the trading of cryptocurrency options contracts, giving traders the right (but not the obligation) to buy or sell an asset at a set price before a specified expiry date. These platforms cater to advanced traders who use sophisticated strategies to manage risks or capitalize on market speculation. Although trading options can be complex and risky, they are an essential part of the toolkit for experienced investors.

How to Sign Up for a Cryptocurrency Exchange Account

Opening an account with a reputable Philippine crypto exchange typically involves the following steps:

  • Account Creation: Begin by entering a valid email address and setting a strong password. Confirm your email by clicking on the link sent to your inbox.
  • Personal Information: Provide your full name, local address in the Philippines, and phone number. Most Philippine crypto exchanges will require you to upload a government-issued ID, such as your driver's license, passport, or national ID card.
  • Identity Verification: To comply with Philippine regulations, crypto exchanges may require you to take a selfie while holding your ID. This step is crucial for preventing fraud and ensuring adherence to anti-money laundering (AML) standards.
  • Account Funding: Once your identity is verified, you can deposit funds into your account. Philippine crypto exchanges commonly support various payment methods, including bank transfers and sometimes credit/debit cards.
  • Start Trading: With your account funded, you're ready to start trading. Many exchanges in the Philippines offer PHP trading pairs, facilitating the purchase and sale of cryptocurrencies using Philippine Pesos.

Remember, the exact process may vary slightly between different Philippine crypto exchanges, but these steps are generally applicable to most platforms operating in the country.

Popular Bitcoin Wallets in the Philippines

In the Philippines, Bitcoin investors have several wallet options for securely storing their digital assets. Hardware wallets, known for their offline storage capabilities, are highly favored as they protect digital assets from online threats. Mobile users in the Philippines have access to apps with user-friendly interfaces, making it convenient to manage Bitcoin on the go. Desktop wallets like Exodus and Electrum are also popular, offering a solid balance of security and accessibility for PC users. Many Philippine Bitcoin enthusiasts prefer multi-currency wallets that support not only Bitcoin but other cryptocurrencies as well, allowing for the management of diverse portfolios through a single interface.

Philippine Crypto Regulations

The regulatory framework for cryptocurrencies in the Philippines is designed to foster innovation while ensuring consumer protection and financial stability. The government and financial regulators rigorously monitor crypto exchanges, including prominent platforms like Binance, Coins.ph, PDAX, and Bitbit.cash, to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. Following recent regulatory updates, all cryptocurrency exchanges operating in the Philippines must register with the appropriate authorities, implement strict know-your-customer (KYC) procedures, report any suspicious activities, and maintain comprehensive records. These stringent measures are key to deterring illegal activities and increasing market transparency, contributing to the reputation of these platforms as some of the top crypto exchanges in the Philippines.

The Securities and Exchange Commission (SEC) of the Philippines also plays a key role in regulating aspects of the cryptocurrency sector, particularly concerning initial coin offerings (ICOs) and crypto-asset-related financial products. To operate legally, crypto businesses in the Philippines must adhere to several important requirements:

  • Registration: Registration is mandatory for most digital currency exchanges, including Binance, KuCoin, and Bitget.
  • KYC Procedures: Strong know-your-customer processes are essential.
  • AML/CTF Compliance: Compliance with anti-money laundering and counter-terrorism financing laws is critical.
  • Reporting Obligations: Exchanges must report any suspicious activities and significant transactions.
  • Consumer Protection: Regulations ensure that ICOs and crypto-asset-related financial products comply with financial laws to protect investors.

These regulations ensure a secure, transparent, and equitable crypto market operation in the Philippines, building trust among investors and the broader financial community.

Can You Use Philippine Debit or Credit Cards to Buy Crypto?

Many Philippine crypto exchanges and international platforms serving the Philippine market allow users to purchase cryptocurrencies using Philippine debit and credit cards. Prominent exchanges like Binance facilitate card payments, offering a quick and convenient way for Filipinos to acquire crypto. However, some banks or card issuers may limit or prohibit cryptocurrency purchases, so it's advisable to check with your bank beforehand. Card payments usually incur higher fees than other payment methods, such as bank transfers. When using debit or credit cards for crypto transactions, be mindful of potential foreign transaction fees, especially on international platforms. Investors are encouraged to compare fees across various exchanges and payment methods to find the most cost-effective options.

How is Crypto Taxed in the Philippines?

In the Philippines, cryptocurrencies are considered property and are thus subject to capital gains tax (CGT). Any financial gain derived from the disposal of crypto assets—whether through selling, trading, or using them for purchases—is taxable. The Bureau of Internal Revenue (BIR) mandates that both individuals and businesses report these transactions and pay CGT on any resulting profits. If cryptocurrencies are held for more than 12 months before their disposal, individuals may qualify for certain tax exemptions. Furthermore, transactions involving cryptocurrencies within a business context may also incur income tax.

Due to the ever-changing nature of regulations, it is crucial for cryptocurrency users to consult with a local accountant or financial advisor to ensure they remain compliant with Philippine tax laws. Regulations are dynamic, and users should always verify their compliance with local laws through professional advice. Additionally, maintaining detailed records of all transactions, including dates, amounts, and the purposes of each transaction, is vital for precise tax reporting and adherence to Philippine tax statutes.

FAQ: Crypto and Bitcoin Exchange Platforms in Philippines

Which Banks Allow You to Buy Bitcoin in the Philippines?

Banks like UnionBank facilitate the purchase of Bitcoin in the Philippines, either through direct integration with exchanges or by supporting crypto-related transactions.

Is Crypto Regulated in the Philippines?

Yes, cryptocurrency is regulated in the Philippines. The BSP oversees crypto exchanges, and the SEC regulates aspects related to initial coin offerings (ICOs) and crypto-asset-related financial products.

Is Bitcoin legal in the Philippines?

Yes, Bitcoin is legal in the Philippines. The Bangko Sentral ng Pilipinas (BSP) regulates cryptocurrency exchanges to ensure they adhere to financial and consumer protection standards.

Which crypto exchanges accept PHP?

Several crypto exchanges accept PHP, including Binance, Coins.ph, PDAX, and Bitbit.cash. These platforms allow users to trade cryptocurrencies using Philippine Pesos.

Is Crypto Taxed in the Philippines?

Yes, cryptocurrencies are subject to capital gains tax in the Philippines. Profits from selling, trading, or using crypto assets must be reported to the Bureau of Internal Revenue (BIR).

What is the best Bitcoin wallet in the Philippines?

The best Bitcoin wallet in the Philippines varies by user preference, but popular options include Coins.ph or Bitcoin.com wallet for mobile users, and hardware wallets like Ledger for enhanced security.

How do I withdraw my crypto funds to PHP?

To withdraw crypto funds to PHP, use a crypto exchange that supports PHP withdrawals, such as Bitget. Convert your crypto to PHP and follow the exchange's withdrawal process, which usually includes linking your bank account.

Are there Bitcoin ATMs in the Philippines?

Yes, there are Bitcoin ATMs in the Philippines. These ATMs allow users to buy Bitcoin with cash and are located in major cities like Manila and Cebu.

Are there any beginner-friendly crypto exchanges in the Philippines?

Yes, Binance and Bitget are considered beginner-friendly due to their user-friendly interfaces, extensive customer support, and easy-to-understand trading processes.

Conclusion: The Best Crypto and Bitcoin Exchange Platforms in Philippines Ranked by Bitcoin.com

Selecting the top Philippine crypto exchange is vital for effective trading. Top choices like KuCoin, Bitget, Binance and Exolix excel in security, range of cryptocurrencies, and user experience. Bitcoin.com regularly updates its rankings, ensuring you have the latest information on the best platforms to meet your trading needs.

Business & Partnership Enquiries

For business or partnership queries, please contact us through [email protected]. Our marketing experts will assist you as soon as possible.

How to Choose a Crypto Exchange for Filipino TradersTypes of Crypto ExchangesHow to Sign Up for a Cryptocurrency Exchange AccountPhilippine Crypto RegulationsFAQ: Crypto and Bitcoin Exchange Platforms in PhilippinesConclusion: The Best Crypto and Bitcoin Exchange Platforms in Philippines Ranked by Bitcoin.comBusiness & Partnership Enquiries

About the Author

B.Chad

Active in technology and gaming since 2006.

[email protected]