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It is now possible to buy crypto in the Philippines with a regulated online exchange that offers low fees and accepts PH residents and expats living in Manila, Cebu or around the country.
In this guide we review the best crypto exchanges in the Philippines for both investing in crypto and trading. When comparing crypto platforms, our reviews explore everything from safety and fees to supported markets and customer service.
The Best Crypto Exchanges in the Philippines for 2022
From our research these are the top 5 PH crypto exchanges worth opening an account at:
- Crypto.com – Overall Best Crypto Exchange in the Philippines for 2022
- Capital.com – Over 470 Crypto Markets With Low Fees
- Coinbase – Best Cryptocurrency Exchange in the Philippines for Beginners
- Binance – Low Fee P2P Marketplace and Crypto Exchange for Trading
- PDAX – BSP Regulated Exchange Based in the Philippines
Of course, you will require more information before you go ahead and create an account to trade cryptocurrencies.
We cover full reviews below, covering the best Bitcoin exchange in the Philippines, beginner-friendly platforms, global offerings with hundreds of assets, and more:
The Top Bitcoin Exchanges in the Philippines Reviewed
We’ve picked out the best Philippines crypto exchanges by looking at trading fees, listed coins, regulations, payment methods, and more.
1. Crypto.com – Overall Best Crypto Exchange in the Philippines for 2022
Crypto.com offers the overall best Bitcoin exchange in the Philippines. In addition to Bitcoin, you will find over 250 other cryptocurrencies. The Crypto.com exchange has been around for several years and is a well-respected trading platform for newbies and seasoned investors alike.
US regulators watch the space to ensure it operates professionally, which should give you peace of mind as a crypto trader. The commission fee here is 0.04% to 0.4% for market makers, and 0.1% to 0.4% for takers. This is competitive and will ensure that you do not overpay to trade crypto.
That said, if you plan to buy and stake CRO tokens you will be eligible for a discount on the aforementioned commission fee. Traders in the Philippines might also consider ordering the Crypto.com Visa card. The Visa card is linked to crypto, free of charge and you can enjoy up to 8% back on all spending.
There are no annual fees to worry about and you can top up using either your local currency or a digital asset. There are different types to choose from with varying staking rewards. The card also offers different benefits involving companies such as Airbnb and Expedia.
You can store any cryptocurrencies you buy in the custodial wallet offered by Crypto.com if you wish. This is a convenient way to keep your investments safe at all times. Alternatively, there is a downloadable DeFi wallet that allows you to keep your private keys safe yourself, without the assistance of a third party. This is also one of the best cryptocurrency exchanges to buy non-fungible tokens – it has its own NFT marketplace.
At Crypto.com, you will find unique digitalized tokens of everything from celebrity figures and art pieces to games, music, and animations. You can fund your Crypto.com account using a bank transfer or a debit card. Notably, the latter comes with a charge of 2.99%. The minimum deposit is $20, which is around ₱1,000.
| Number of Cryptos | 250+ |
| Debit Card Fee | 2.99% |
| Fee to Buy Bitcoin | Up to 0.40% commission |
| Minimum Deposit | $20 |
What We Like:
- Over 250+ crypto tokes supported
- Accepts bank transfers and debit/credit cards
- Crypto exchange with a good reputation
- Offers lending services and crypto interest accounts
- Competitive trading fees
Cryptoassets are a highly volatile unregulated investment product.
2. Capital.com – Trading Platform With Over Crypto 470 Markets
Capital.com is one of the best Philippine crypto platforms for a number of reasons. It’s simple to navigate and lists over 470 crypto markets. Although, rather than being a conventional exchange, Capital.com offers CFDs.
The instrument will track the price of the underlying crypto asset, so you don’t have to take ownership of any tokens. CFDs also allow you to speculate on the price of cryptocurrencies in either direction, as opposed to the traditional method of buying assets and only making gains from a rise in value.
This allows you to create a sell order on any crypto assets you believe will fall in value, and if it does, you make a profit. You can also place a buy order on any cryptocurrency you think will rise in value. In much the same way, if it rises, and you were correct to go long, you can cash out with gains.
This also saves you from storing digital currencies, securing wallets, and looking after private keys. Another reason this is one of the best Philippines crypto exchanges is that Capital.com will allow you to trade digital currencies with no commission. This only leaves the spread which is an indirect trading fee.
We found that the spread, which is the difference between the buy and sell price, is very competitive. This helps to keep trading costs down. You can also opt to trade with leverage at Capital.com. However, tread with caution if you are a beginner as you are essentially taking a loan from the platform.
The minimum deposit is $20 if you choose to fund your account with a credit/debit card or e-wallet. Wire transfers command at least $250, which is around ₱13,000. The Capital.com mobile app is also super easy to navigate. As such, it will suit newbies as well as seasoned crypto traders.
| Number of Cryptos | 470+ markets |
| Debit Card Fee | No fee |
| Fee to Trade Bitcoin | Commission-free |
| Minimum Deposit | $20 on e-wallets and debit/credit cards and $250 on bank wires |
What we like
- 0% commission on all listed markets
- Trade crypto with leverage
- Ability to go short or long
- $20 minimum deposit when using an e-wallet or debit/credit card
- Superb mobile app for Android and iOS
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.
3. Coinbase – Best cryptocurrency Exchange in the Philippines for Beginners
Coinbase is one of the world’s biggest crypto exchanges, with dozens of digital currencies available to buy and convert in the Philippines. Each account comes with 2-step verification for extra security and digital assets stored on Coinbase servers are covered by the company’s insurance policy. Terms apply.
This is one of the best cryptocurrency exchanges in the Philippines for beginners. The platform is jargon-free and both the main site and the free mobile app are easy to use. However, when you buy cryptocurrencies, you pay a standard commission of 1.49% – which is calculated for you when placing an order.
There are two ways to store your cryptocurrencies at Coinbase. The first is the self-custody wallet, which means you are responsible for the safety of your assets and private key. The other wallet option is the non-custodial version which saves you from having to look after your private keys to access your portfolio of assets.
You can buy cryptocurrencies using your chosen debit or credit card and the recommended minimum deposit is $50 – which is around ₱2,600. This exchange also has its own Visa debit card which allows you to earn up to 4% back on purchases and you might also be eligible for various rewards.
Coinbase frequently offers promotions, for example, the referral program or sign-up bonus. At the time of writing, new and eligible clients who spend $100 (around ₱5,200) on cryptocurrencies will receive a $10 bonus (about ₱520). Referring a friend to the exchange also allows you to earn a bonus. This is subject to change and varies so check the terms for more information.
| Number of Cryptos | 1000+ |
| Debit Card Fee | Depends on the payment processor |
| Fee to Trade Bitcoin | 0.1% standard commission |
| Minimum Deposit | Varies depending on the payment type |
What we like
- Top crypto exchange in Philippines for newbies
- Great selection of supported coins
- Supports credit and debit card payments
Cryptoassets are a highly volatile unregulated investment product.
4. Binance – Low Fee P2P Marketplace and Crypto Exchange for Trading
Binance is another of the biggest global crypto exchanges. It supports hundreds of crypto assets and offers over 600 digital tokens. Binance is also one of the top cryptocurrency exchanges in the Philippines in terms of users and trading volume.
There is a standard 0.1% commission to pay when you buy or sell crypto assets at Binance. There is also a flat trading fee of 1% if you decide to buy NFTs. This exchange distributes rewards to people who stake tokens. Another option at Binance is to purchase some BNB tokens, which can be stored in your account and used to pay trading fees.
In this case, you can save up to 25% in commission. Additionally, you can earn nearly 105% APY when staking in the ‘High-Yield Stake Centre’. The exchange also launched its Philippine Peso P2P (peer-to-peer) trading platform in 2019. This allows you to purchase crypto assets using your own currency instead of having to exchange it for something like US dollars or euros.
On the P2P platform, Binance users in the Philippines can buy and sell ETH, BUSD, BTC, EOS, BNB, USDT, and others using the peso with no fees. You can also have your cryptocurrency holdings moved to the digital Binance wallet for free.
If you decide to buy cryptocurrencies via the P2P platform, you might be eligible for some VIP discounts, exclusive customer support, and more. Importantly though, P2P trading cuts out the middleman. This in turn means Binance won’t be able to ensure your crypto trades go through without any hitches.
The minimum order size is 0.0001 BTC. The minimum deposit amount and fee will depend on the payment method you choose when funding your account. Bank transfers command a charge of ₱25, and the fee is ₱60 for withdrawals. ACH transactions are fee-free.
| Number of Cryptos | 600+ |
| Debit Card Fee | Depends on the payment processor |
| Fee to Trade Bitcoin | 0.1% standard commission |
| Minimum Deposit | Varies depending on the payment type |
What we like
- Standard commission is only 0.10%
- Extensive list of crypto markets
- Offers staking and NFTs
- No account management fees
- Opening an account is simple
Cryptoassets are a highly volatile unregulated investment product.
5. PDAX – BSP Regulated Exchange Homegrown in the Philippines
One of the most prominent cryptocurrency exchanges in the Philippines is PDAX (the Philippine Digital Asset Exchange). This crypto exchange was created in 2017 and is regulated by the BSP.
As such, this is a safe platform for buying and selling cryptocurrencies like Bitcoin, Ripple, Ethereum, and others. This Philippines Bitcoin exchange allows you to buy cryptocurrencies with a minimum trade value that starts at ₱50.
The minimum trade quantity depends on the crypto pair in question. For instance, BTC/PHP commands a minimum quantity of 0.00002 units, whereas ETH/PHP needs to be 0.0005. There is a list available on the platform if you need further details.
One of the best things about the PDAX exchange is that it was homegrown in the Philippines. This allows you to buy crypto assets in your home currency without having to exchange your funds first or pay conversion fees. The minimum deposit is ₱300. Accepted e-wallets include GCash, PayMaya, GrabPay, and Coins.ph.
Other options to fund your account include over-the-counter cash and online banking. The PDAX exchange has a community of more than 23,000 Filipino crypto traders. If you want to communicate with like-minded traders, you can join the Telegram or Facebook Group.
This enables you to keep abreast with the latest crypto news and, in some cases, gain insight from seasoned traders. After completing the verification process you can fund your account and get started. There is also a PDAX mobile app that allows you to buy and sell cryptocurrencies on the go, albeit, you must verify your account on the main platform.
| Number of Cryptos | 19 |
| Debit Card Fee | Depends on the payment processor |
| Fee to Trade Bitcoin | 0.5% Market Order And 0.4% Limit Order |
| Minimum Deposit | ₱300 |
What we like
- You can buy Cryptocurrencies directly using PHP
- Regulated by BSP in Philippines
- Easy to use crypto trading platform
- Accepts various e-wallets
Cryptoassets are a highly volatile unregulated investment product.
The Best Philippines Crypto Exchanges Compared
Below you will find a quick overview of the best Philippines crypto exchanges.
This should help you make a final decision on the best platform for your trading endeavors.
| Crypto Exchange | Number of Coins | Fee for Buying Bitcoin | Debit Card Fee | Supported Payments |
| Crypto.com | 250+ | Up to 0.40% | 2.99% | Debit/credit card, bank wire |
| Capital.com | 470+ crypto markets | Commission-free | No fee | Debit/credit card, bank wire, e-wallets |
| Binance | 600+ | Up to 0.10% | Depends on the payment processor | Debit/credit card (3rd party), bank wire |
| Coinbase | 50+ | Standard 1.49% fee | 3.99% | Debit/credit card |
| PDAX | 19 | 0.5% Market Order And 0.4% Limit Order | Depends on the payment processor | Online banking, over the counter, and e-wallets |
Choosing the Best PH Cryptocurrency Exchange for You
In making the following considerations when researching the best crypto exchange in the Philippines, you can be sure that you are opening an account with the right provider for you.
Regulation
First and foremost, before signing up with a crypto platform, check its regulatory standing.
That is to say, some crypto exchanges are unregulated which can leave your tokens vulnerable. With this in mind, make sure you look for platforms with the approval of at least one reputable body.
For instance:
- Capital.com is licensed by the FCA, ASIC, the NBRB, and CySEC
- Crypto.com is watched over by US regulators and also holds a license from MFSA
- PDAX is regulated by the BSP
Not only that, but by opting for a platform that is regulated by one or more financial bodies, you can be sure a professional and fair standard is upheld.
Tradable Cryptos
Do you plan on creating a diverse portfolio of cryptocurrencies? If so, it is crucial that you check the number of tradable assets prior to signing up.
As will be apparent from our earlier reviews, the best crypto exchanges in the Philippines offer varying amounts of assets.
For instance:
- Crypto.com offers over 250+ cryptocurrencies
- Capital.come gives you access to over 470 crypto markets
- In contrast, there are less than 20 markets on the PDAX exchange
As well as choosing a crypto exchange with plenty of markets, you could also consider a platform like Capital.com.
As we mentioned in our earlier review, Capital.com allows you to trade cryptocurrency CFDs – which allows you to speculate in either direction and gives you the option of trading with leverage.
Sign-Up Offers and Promotions
Another thing to look out for is sign-up offers and promotions. There will be terms and conditions to bear in mind.
However, some platforms offer free cryptocurrencies for recommending a friend, or simply signing up.
For example:
- At Binance, you can earn $10 by allocating $100 to cryptocurrencies on the platform
- The Binance exchange also offers rewards for referrals
- Crypto.com also runs regular promotions, such as $10 in digital tokens for signing up with the platform
- At Capital.com, if a friend deposits $200 and makes three trades, you will be rewarded with free digital currencies
Terms are always subject to change so check the details yourself before signing up with Bitcoin exchanges for the purpose of claiming bonuses.
Fees
Checking out fees should also be high up on your list of considerations when looking for the best crypto exchange in the Philippines.
While some platforms, such as Capital.com will let you trade cryptocurrencies with 0% commission, others charge variable or fixed amounts.
Tools & Features
Tools and features will vary and may determine which is the best crypto exchange for you.
For instance, some will offer interest on your idle cryptocurrencies and incentives for holding onto them. A good example of this is the best crypto exchange in the Philippines, Crypto.com.
This is because at Crypto.com, you can earn up to 14.5% annually by allowing the platform to loan out your idle assets. Other crypto exchanges provide access to trading charts and indicators but offer no further incentives.
Payment Methods
No crypto exchange is the same when it comes to payment methods. That is to say, some only accept wire transfers. The best crypto exchanges in the Philippines support a variety of options – including e-wallets and debit/credit cards.
Customer Service
When you are searching for the best crypto exchange in the Philippines, you should also look at the customer service team.
The best cryptocurrency exchanges in the Philippines will offer top customer support on a 24-hour basis. Crypto.com, for instance, offers live support around the clock.
How to Use a Crypto Exchange in the Philippines
Now we are going to show you how to sign up with the best crypto exchange in the Philippines – Crypto.com.
This top-rated platform is easy to use, and offers hundreds of markets with low fees, alongside 24/7 customer support.
Step 1: Open Crypto.com Account
To start buying cryptocurrencies today, head over to Crypto.com and sign up. To create an account you will need to select ‘Exchange Home’, followed by ‘Sign Up’.
Next, complete the registration form by adding your first and last name, date of birth, and nationality. You will also need to tell the platform your email address and chosen password.
Step 2: Deposit Funds
Once your account has been confirmed, you can deposit funds to start buying cryptocurrencies.
Choose your preferred payment type and enter your details. Then all you have to do is enter the amount you wish to deposit. The minimum deposit is $20, which is around ₱1,000.
Step 3: Find Crypto to Trade
Once you’ve funded your Crypto.com account, you can start buying digital assets on the best crypto exchange in the Philippines.
You can either view the full list of available tokens or use the search bar.
Step 4: Trade Crypto
When you have found your chosen cryptocurrency, you can place an order by clicking ‘Trade’ and then entering the amount you wish to allocate to the purchase.
Cryptoassets are a highly volatile unregulated investment product.
Are Crypto Exchanges Legal in the Philippines?
The Philippines’ central bank, the Bangko Sentral ng Pilipinas, has opted not to regulate virtual currencies like Bitcoin.
- However, to avoid money laundering, the BSP has concentrated on regulating cryptocurrency exchanges rather than the asset class itself
- The Philippines is progressive in comparison to other nations that have deemed cryptocurrencies illegal, such as India, Vietnam, China, and Russia
- At the time of writing, the BSP has approved 17 virtual currency exchanges to operate in the Philippines, under Circular 944
This isn’t the only option though, as some of the top crypto exchanges in the Philippines are regulated by other bodies, such as those in the US, Australia, and Cyprus for instance.
Moreover, the best Bitcoin exchange in the Philippines should be able to facilitate buying cryptocurrencies using a credit card or a bank account.
Conclusion
Today, we have reviewed the best crypto exchanges in the Philippines. We offered a rundown of the fees you might expect to pay, as well as cryptocurrency availability, features, offers, and more.
The overall best crypto exchange in the Philippines is Crypto.com. The platform offers lots of cryptocurrencies and is super easy to use. Crypto.com also offers an APY of up to 14.5% per year if you allow your idle tokens to be loaned out – so you earn interest on crypto as well at the same time as investing in it, and make money even in a bear market.
Cryptoassets are a highly volatile unregulated investment product.