Top 5 Best Crypto Exchanges in the Philippines

Top 5 Best Crypto Exchanges in the Philippines

Exploring the Dynamic World of Cryptocurrency in the Philippines

  • The Philippines has a significant and diverse cryptocurrency market, with many Filipinos interested in owning crypto assets, and a variety of tokens and exchanges catering to different needs and preferences.
  • Although cryptocurrencies are not legal tender in the Philippines, they are legally tradable, and the country has specific regulations and taxes for crypto trading and investment.
  • The top crypto exchanges in the Philippines, including Bybit, Binance,, KuCoin, and PDAX, offer various services and have unique features and fee structures, highlighting the growing trend and diversity in the Filipino crypto market.

In the Philippines, cryptocurrency ownership has become widespread, with many Filipinos interested in owning a crypto asset. The Filipino market’s interest in cryptocurrency extends beyond mainstream options to include low-cap altcoins, memecoins, and gamefi. Tokens like Baby Grok, Innova DeFi, Solidus Ai Tech, BERRY, and Smooth Love Potion (SLP) are among the popular searches on CoinGecko, reflecting the diverse range of interests in the Filipino crypto community.

In the Philippines, while cryptocurrencies are not recognized as legal tender, they are legal to trade and hold. The country’s digital asset regulations mandate financial institutions to implement effective Know Your Customer (KYC) policies and collaborate with national agencies to combat money laundering and investigate crypto-related cases.

Top 5 crypto exchanges in the Philippines reflect this growing trend, offering a range of services to cater to the diverse needs of Filipino crypto investors and traders.


Bybit, a centralized cryptocurrency trading platform, offers a range of services including spot and P2P trading, and is accessible in over 100 countries, the Philippines included. While Bybit doesn’t support the Philippine Peso for spot and derivatives trading, it provides Filipino users with alternative options such as the One-Click Buy feature. This feature allows users to purchase cryptocurrencies via various methods, including bank transfers, credit cards, P2P trading, or third-party applications.

Regarding fiat deposits, Bybit does not directly support the Philippine Peso. Filipino investors are encouraged to use the One-Click Buy feature, third-party apps, or engage in P2P trading for purchasing crypto assets. It’s important to note that the charges for these services vary, with bank transfers typically being the most economical.

Bybit’s fee structure includes:

  • Maker and taker fees for spot trading.
  • Free P2P trading is a feature that sets it apart from many other platforms.
  • Free cryptocurrency deposits, with withdrawal fees dependent on the specific crypto asset and prevailing network conditions.
  • Customer support on Bybit is multi-faceted, providing:
    • There are social media channels specifically for Filipino users, though users should exercise caution as there might be some that are nv b,m ot officially managed by Bybit.
    • Official support channels include a platform for raising queries or complaints and a 24/7 automated customer support service.
    • Active engagement with users on official Telegram communities and social media platforms like Instagram and Facebook.

In terms of safety and security, Bybit assures its users through:

  • Proof of Reserves data, confirming a 1:1 reserve for all user assets.
  • Enhanced fund security, with user funds reportedly stored in cold wallets protected by advanced multi-signature security measures.
  • For KYC compliance, Bybit requires Filipino users to undergo identity verification and submit personal information. The platform has delineated KYC levels, influencing factors like withdrawal limits and access to certain services like the Bybit card (though this is limited to certain regions).

In addition to its trading services, Bybit offers features such as crypto lending and staking. These services enable users to earn additional income by staking or lending their crypto assets, broadening the platform’s appeal and utility for a diverse range of investors.

Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!


Binance is among the world’s leading cryptocurrency exchanges by daily trading volume. It also plays a significant role in the global crypto market, including in various Asian countries like the Philippines. Despite its global reach, the Philippine Peso (PHP) is not directly supported for routine spot trading on Binance, contrasting with other major fiat currencies such as the USD, EUR, or NGN. However, Filipino investors can still engage in a variety of services provided by Binance, especially through its P2P trading platform that allows transactions involving the Peso.

For fiat deposits, Filipino users of Binance have several options. They can make cryptocurrency purchases via direct bank transfers using Binance’s on-ramp services. Additionally, online banking channels and the Transfi wallet serve as alternative methods for fiat deposits.

Binance’s fee structure is diverse and includes:

  • Standard maker and taker fees for spot trading, are generally around 0.1%.
  • Reduced fees for transactions using Binance’s native token, BNB.
  • Taker fees are specifically introduced for P2P trades involving the Philippine Peso.
  • Fiat deposit fees in PHP are approximately 1.8%, while cryptocurrency deposits remain free.

However, it’s crucial to be aware of the regulatory landscape. As of November 29, 2023, Binance faced a regulatory advisory in the Philippines due to operating without a license, with a potential ban looming three months post-advisory. This necessitates investors to stay informed about Binance’s regulatory status.

Regarding compliance, Binance requires KYC (Know Your Customer) verification, demanding users submit personal information and documentation to utilize its services fully.

Binance also offers additional features catering to various investor needs, including:

  • Passive income opportunities like asset staking and lending
  • Advanced trading options encompassing derivatives such as futures and perpetual contracts

These features make Binance a versatile platform for different investment strategies and levels of investor engagement in the cryptocurrency market.

Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!, established in 2014, has emerged as a significant player in democratizing access to digital assets across the Philippines. It has garnered a substantial user base, with over 16 million registered Filipino investors and more than 7 million active users monthly. As a primary spot exchange, supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Small Love Potion (SLP), and stablecoins, all paired with the Philippine Peso (PHP).

The platform offers multiple fiat deposit methods to cater to different user preferences. These include bank transfers, online banking systems (E-wallets), over-the-counter (OTC) operators, and various remittance centers like Remitly, WorldRemit, and Ria. has ensured that cash-in operations are accessible across most banks in the Philippines. has a structured fee model, including:

  • Maker and taker fees vary depending on the transaction value, typically ranging from 0.3% to 0.05%.
  • Fiat deposit fees vary by channel, with some reaching up to 2% of the deposited amount. However, certain channels, such as InstaPay, do not charge deposit fees.
  • Withdrawal fees also differ based on the chosen channel. While Pesonet channels provide free withdrawals, others may charge fees ranging from PHP 15 to 1.6% of the withdrawal amount. Crypto withdrawal fees depend on the blockchain network and prevailing network conditions.

From a regulatory standpoint, operates within the legal framework in the Philippines, holding licenses as a virtual currency exchange, electronic money issuer, and remittance and transfer agent. It is important to note, however, that the platform does not provide Proof of Reserves data.

Additionally, extends its services beyond crypto trading. It offers bill payment services, allowing users to pay over 120 different bills directly from their phones. The platform also facilitates the purchase of mobile network airtime, enhancing its utility as a comprehensive financial service provider in the Philippines.


KuCoin, a global cryptocurrency exchange, extends its services to over 180 countries, including the Philippines. The platform is known for offering both spot and P2P trading services, catering especially to Filipino cryptocurrency investors. While the Philippine Peso (PHP) is not supported for spot trading on KuCoin, it can be used on the P2P trading platform, particularly against stablecoins, Bitcoin, and Ethereum.

For Filipino users looking to deposit fiat currency, direct trading of PHP on KuCoin isn’t available. However, they can purchase cryptocurrencies through third-party financial institutions, with the charges varying based on the provider. Additionally, Filipinos have the option to use PHP for crypto purchases on the KuCoin P2P trading platform.

KuCoin’s fee structure includes:

  • A maximum maker and taker fee of 0.1% for spot and derivatives trading, with the exact rate potentially varying depending on the trading volume or the amount of KCS (KuCoin’s native token) held in the account.
  • Crypto withdrawal fees are determined based on the selected asset and the network involved in the transaction.

Additionally, KuCoin offers a range of features for its users:

  • Passive income opportunities through staking programs and promotional incentives.
  • Access to an Initial Exchange Offering (IEO) platform, enabling investments in newly launched projects.
  • Other services such as crypto lending and derivatives trading, including futures and perpetual contracts.

Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!


PDAX, known as a partner of the Union Bank of the Philippines, stands out as a government-approved cryptocurrency exchange in the country. Its primary focus is on spot crypto trading, allowing users to pair various cryptocurrencies like LiteCoin, Bitcoin, XRP, and Ethereum with the Philippine Peso (PHP). This feature aligns with PDAX’s mission to make digital assets more accessible to Filipinos, with the platform enabling the purchase of cryptocurrencies for as low as PHP 200.

For fiat deposits, PDAX supports several methods tailored for convenience:

  • Online banking options include services like InstaPay, Metro Bank, Land Bank, and Union Bank.
  • E-wallets such as G-cash, GrabPay, and Maya are available.
  • Over-the-counter (OTC) deposit facilities are accessible through institutions like Land Bank and ChinaBank.

In terms of fees, PDAX has a structured approach:

  • The platform typically charges fees for up to 0.5% of the traded amount, although this rate is subject to change.
  • Depositing cryptocurrencies is free, while withdrawal fees vary depending on the asset and network conditions.
  • Fees for PHP deposits and withdrawals are not uniform and depend on the chosen financial service provider.

Key Takeaways

Investors need to understand that this overview is not exhaustive. The cryptocurrency space is complex and ever-evolving, making it imperative for investors to conduct in-depth research into the security measures, reputations, and reliability of these platforms. This is particularly important given the volatile nature of cryptocurrency investments and the need for effective risk management strategies.

Investors should know that the information provided here is meant to inform about the available crypto institutions in the Philippines. It should not be construed as financial advice. Engaging with any centralized exchange or cryptocurrency platform requires thorough personal research and consideration of individual financial circumstances and investment goals.

Remember, investing in cryptocurrencies involves a high degree of risk, and it’s crucial to approach it with caution and informed understanding. Consider consulting with financial experts or advisors before making investment decisions in the crypto market.

Enhance Your Crypto Trading Skills With Our Legends’ Trading Masterclass

Empower your crypto trading skills with our Legends Masterclass. Sign up now and take advantage of our limited-time discount offer! Join the class today.


Recommended For You

About the Author: Daniel