Best Crypto Exchanges in the Philippines

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Navigating the cryptocurrency landscape in the Philippines can be simplified by choosing a reliable, secure, and feature-rich trading platform. With regulatory frameworks established by the Bangko Sentral ng Pilipinas (BSP) and growing adoption across the country, Filipino traders have several excellent options to buy, sell, and manage digital assets.

This guide reviews the top crypto exchanges available in the Philippines, evaluating them based on factors like supported currencies, PHP deposit methods, trading fees, security, and unique features. Whether you're a beginner or an experienced trader, you'll find a platform that meets your needs.

Top Crypto Trading Platforms in the Philippines

To help you make an informed decision, we’ve compiled a list of the leading exchanges operating in the Philippines. Each platform offers distinct advantages, from extensive asset lists to user-friendly interfaces and advanced trading tools.

Bybit

Bybit stands out as a premier global exchange, serving over 63 million users across 160 countries. It supports more than 1,700 cryptocurrencies for spot, futures, and options trading, with leverage of up to 100x. Filipino users benefit from free PHP deposits and customer support available in Tagalog.

The platform is packed with advanced tools such as Copy Trading, TradeGPT for AI-powered trading insights, and Trading Bots, including Grid and DCA Bots, for automated management. Additionally, its Bybit Earn program offers flexible savings, staking opportunities, and liquidity mining.

For those exploring the broader crypto ecosystem, Bybit integrates Web3 services, including NFTs, decentralized wallets, and on-chain staking. Bybit also recently introduced the Bybit Card, offering up to 10% cashback, 8% APR, and exclusive privileges for customers.

OKX

OKX is popular for its decentralized finance (DeFi) offerings and diverse product suite. With 30 million users globally and operations in over 180 regions, its ecosystem spans DeFi, spot trading, futures, and options, making it a go-to platform for exploring advanced financial tools.

The platform’s DeFi hub is a standout feature, enabling users to manage their portfolios by connecting their OKX Wallet. It provides access to top decentralized applications (DApps), yield farming, blockchain gaming options, and an NFT marketplace for users to create, buy, and sell NFTs.

For institutional users, OKX offers advanced trading solutions, including OTC liquidity networks and ultra-low latency API connectivity. Filipino traders benefit from zero trading fees on quick conversions and the ability to trade crypto directly from its app or desktop platform. 👉 Explore advanced trading strategies

Coins.ph

Coins.ph is based in Pasig City and is the country’s most trusted crypto wallet and exchange, offering a comprehensive suite of services tailored to the needs of Filipino users. With a user-friendly interface, it enables individuals to buy, sell, and store 90 digital currencies.

Beyond cryptocurrency transactions, Coins.ph provides a range of financial services that integrate digital payments into everyday life. Users can easily pay over 120 bills, purchase mobile loads for all networks, and even explore Web3 gaming through Coins Arcade.

There is also Coins Pro, which offers a professional-grade spot exchange with competitive fees and advanced tools. Additionally, Coins.ph is fully licensed by the Bangko Sentral ng Pilipinas (BSP), holding both Electronic Money Issuer (EMI) and Virtual Currency licenses.

Binance

Binance has firmly established itself as the leading exchange globally, with over 256 million registered users in 100+ countries. It is widely adopted in the Philippines for its extensive offerings, including spot trading, margin trading, options markets, and futures contracts.

The platform’s Binance Earn program offers a range of opportunities to grow crypto holdings passively, including staking, liquidity farming, and flexible savings products. Binance Launchpad gives users early access to promising crypto projects, while its NFT marketplace allows trading NFTs.

It prioritizes security and user satisfaction. It implements industry-leading measures, including two-factor authentication, cold storage of funds, and its Secure Asset Fund for Users (SAFU) to protect against losses. Filipino users also benefit from the platform’s 24/7 Tagalog-speaking support.

KuCoin

KuCoin is an altcoin exchange trusted by over 30 million users across 200+ countries. Known as the "People's Exchange," it has become a go-to platform for Filipino traders, offering access to over 700 cryptocurrencies, including a diverse range of altcoins, meme coins, and new tokens.

One of KuCoin’s standout features is GemSPACE, an exclusive listing hub for discovering new crypto projects with significant growth potential. Additionally, KuCoin’s Trading Bot allows users to automate their trading strategies, enabling passive income generation without constant market monitoring.

For those seeking to maximize returns, the platform also supports margin trading, leveraged tokens, and futures trading with up to 10x leverage. Its KuCoin Earn program offers a variety of earning opportunities, including staking, lending, borrowing, and fixed savings products.

Cryptocurrency Regulations in the Philippines

Yes, crypto is regulated in the Philippines, overseen by the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC). In 2017, the BSP issued Circular No. 944, which mandates that virtual currency exchanges register as remittance and transfer companies and implement robust anti-money laundering (AML) and counter-terrorism financing (CTF) measures.

Building upon this, in December 2024, the SEC proposed additional rules for crypto-asset service providers (CASPs). These proposed regulations require entities to submit comprehensive disclosure documents at least 30 days before any marketing activities or offerings in the Philippines.

The disclosure must include detailed information about the offeror, the issuer (if different), key features and risks of the crypto-assets, rights, and obligations attached, an outline of the underlying technology, and, where applicable, details of the person seeking admission to trading on a crypto-asset trading venue.

Crypto Taxation in the Philippines

In the Philippines, crypto taxation is overseen by the Bureau of Internal Revenue (BIR), with current regulations treating digital assets as intangible property. Consequently, gains from crypto transactions are subject to income tax, with rates ranging from 0% to 35%, depending on the total taxable income.

For self-employed individuals and professionals, there's an option to avail of an 8% tax on gross sales or receipts exceeding ₱250,000, in lieu of the graduated income tax and percentage tax. However, if cryptocurrency is considered a capital asset, it may be subject to capital gains tax.

It's important to note that the taxation of cryptocurrency in the Philippines is subject to change, as the government continues to develop and refine its regulatory framework. For instance, there have been discussions about imposing a capital gains tax of up to 15% on cryptocurrency transactions.

Cryptocurrency Adoption in the Philippines

The cryptocurrency market in the Philippines is expected to reach $641.5 million in revenue by mid-2025, reflecting a steady rise in adoption among individuals and businesses. By then, the number of users is projected to surpass 10.55 million, accounting for approximately 6.13% of the population.

The main exchanges in the Philippines include global exchanges such as Binance, Kraken, and Coinbase, as well as local platforms like Coins.ph and PDAX (Philippine Digital Asset Exchange). These exchanges enable seamless transactions in Philippine Pesos (PHP) and offer secure platforms designed for Filipino users.

How to Buy Bitcoin in the Philippines

Filipino investors interested in purchasing Bitcoin can do so through a crypto exchange that supports Philippine Peso (PHP) deposits. Here’s a step-by-step guide to help you get started:

  1. Create an Account: Go to the official website or mobile app of a trusted exchange that supports PHP transactions. Click “Sign Up” and complete the registration process by providing your email address, mobile number, and any required verification documents.
  2. Deposit Philippine Peso (PHP): Navigate to the platform’s deposit section and select PHP as your deposit currency. Enter the amount you wish to deposit and choose a payment method, such as bank transfer, GCash, or other local options.
  3. Select Bitcoin: Once your deposit is processed, visit the trading section of the platform. Search for Bitcoin and find the PHP/BTC trading pair to view the current market price.
  4. Complete Your Purchase: Decide how much Bitcoin you want to buy or how much PHP you want to spend. Carefully review the transaction details, including any associated fees and the total cost. Confirm your purchase to complete the transaction.

After purchasing Bitcoin, it will be stored in your exchange wallet. Consider transferring your Bitcoin to a private wallet where you have full control of your keys. 👉 Learn more about secure trading practices

Frequently Asked Questions

What is the best crypto exchange for beginners in the Philippines?

Coins.ph is highly recommended for beginners due to its user-friendly interface, integration with local payment methods like GCash and over-the-counter deposits, and additional services like bill payments. It is also fully regulated by the BSP, adding a layer of trust and security for new users.

Are crypto exchanges legal in the Philippines?

Yes, crypto exchanges are legal in the Philippines. They are regulated by the Bangko Sentral ng Pilipinas (BSP), which requires them to register as remittance and transfer companies and comply with anti-money laundering and counter-terrorism financing regulations.

How do I deposit PHP into a crypto exchange?

Most exchanges support bank transfers, e-wallets like GCash and PayMaya, and sometimes even cash deposits through convenience stores like 7-Eleven. The available methods vary by platform, so check the deposit section of your chosen exchange for specific options.

What are the trading fees for crypto exchanges in the Philippines?

Trading fees typically range from 0.1% to 0.25% per trade. Platforms like Bybit and Binance charge 0.1%, while Coins.ph has a slightly higher fee of 0.25%. Always review the fee structure on the exchange's website for the most accurate and detailed information.

Is it safe to leave my crypto on an exchange?

While major exchanges implement strong security measures like cold storage and two-factor authentication, it is generally safer to transfer large amounts of cryptocurrency to a private wallet where you control the private keys. This protects your assets in the unlikely event of an exchange hack.

Which exchange offers the most cryptocurrencies in the Philippines?

Bybit currently offers the widest selection, with support for over 1,700 cryptocurrencies. This makes it an excellent choice for traders looking to access a vast array of digital assets, including major coins, altcoins, and new tokens.

Final Thoughts

The Philippines presents a dynamic and growing environment for cryptocurrency enthusiasts. With clear regulatory guidance from the BSP and a wide range of trading platforms available, Filipino investors have more opportunities than ever to participate in the digital asset economy.

When choosing an exchange, prioritize factors like security, supported PHP deposit methods, fees, and available features. Whether you prefer the extensive asset list of Bybit, the DeFi focus of OKX, or the local convenience of Coins.ph, there's a platform tailored to your trading style and goals.