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15 Best Crypto Trading Platforms in the Philippines 2023

Updated 2023-07-21 15:47:00

Cryptocurrency is quite popular in the Philippines and it is pretty ahead of most of the countries in terms of adopting cryptocurrency. Even, though the current situation in the Philippines is not the same as in El Salvador which announced Bitcoin as legal tender, there are a significantly large number of crypto users and crypto investors compared to others. Moreover, the Philippines is the number one country with the highest number of Metamask wallet users and sixteen cryptocurrency exchanges are registered, which can process crypto trading legally.

 

A cryptocurrency trading platform, also known as a cryptocurrency exchange will let users buy, sell, and trade cryptocurrencies with the assistance and guidance of an app or web-based tool. In this article, the 15 best crypto trading platforms in the Philippines will be examined with the considerations of security, user experience, available features, service charges, and compliance regulations.

 

1) Coins.ph

Coins.ph - Best Crypto Trading Platforms in the Philippines

 

Coin.ph is a well-known crypto exchange and wallet provider in the Philippines. Established in 2014, it provides a less-complex crypto exchange platform for buying, selling, and storing cryptocurrencies. From Coins.ph website’s homepage, represents its exchange as “the easiest way to buy, sell and store cryptocurrency in the country.” With an easy user-friendly interface, Coin.ph benefits both beginners and experienced traders, creating it an ideal choice for those interested in the crypto world. The platform supports popular cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Ripple, allowing users to diversify their investments.

 

Coin.ph can provide facilities like fiat-to-crypto trading, enabling users to convert Philippine Pesos into cryptocurrencies and vice versa. The platform makes priorities on security by implementing encryption, two-factor authentication (2FA), and cold storage. Coin.ph is compliant with guidelines regulated by the Bangko Sentral ng Pilipinas, making sure a secure and efficient trading platform. Special features of Coins.ph are

 

  • Mobile Wallet - enables users to store their cryptocurrencies online securely.
  • Coins.ph mobile app – available for both IOS and Android devices and platform users can easily manage their crypto assets, send and receive funds, and track their transaction history.
  • Cryptocurrency Remittance – permits users to transfer remittances in the form of cryptocurrencies.
  • Prepaid Load and Game Credits – deliver the capability to purchase prepaid mobile loads for various Philippine telecom providers directly from the wallet.
  • Coin Pro - a feature that enables users to trade cryptocurrencies on a dedicated trading platform with advanced trading facilities.

 

2) Binance

Binance - Best Crypto Trading Platforms in the Philippines

 

 

Binance is a powerful and widespread crypto exchange and token in the crypto industry. It was established in 2017 by Changpeng Zhao and Hei Yi. Binance has gained quite a popularity and interest in the Philippines. With its massive varieties of cryptocurrencies, user-friendly interface, advanced trading features, robust security measures, regulatory compliance, and responsive customer support, it can provide a consistent platform for cryptocurrency trading in the Philippines.

 

Binance prioritizes security, implementing measures like two-factor authentication and cold storage for funds. The crypto exchange platform carries out procedures in accordance with regulations, providing a safe trading environment. Binance's presence in the Philippines has ensured its image as a leading cryptocurrency exchange, enabling users to access a wide range of cryptocurrencies and engage in secure and efficient trading activities. Specific key features in Binance are

 

  • Binance Spot trading - Offers spot trading, enabling users to buy and sell cryptocurrencies at the current market price
  • Binance Future - provides users to have the ability to trade cryptocurrency futures contracts.
  • Binance Launchpad - a platform that assists token sales and initial coin offerings (ICOs) for blockchain projects.
  • Binance Skating - allows crypto users to contribute to skating programs and get rewards by holding certain cryptocurrencies in their Binance accounts.
  • Binance Savings – gives different saving products that let crypto users to earn interest on their idle cryptocurrency holdings.
  • Binance Card – gives a crypto debit card called Binance Card which permits users to spend their cryptocurrencies at merchants that accept Visa.
  • Binance Academy – offers educational resources like articles, tutorials, and videos for crypto investors to understand cryptocurrencies, blockchain technology, and trading concepts.
  • Binance Launchpool - a platform that offers users to skate their Binance Coin (BNB) or other cryptocurrencies and earn rewards in new token offerings.
  • Binance Charity - leverages blockchain technology to support charitable causes.

 

3) PDAX

PDAX - Best Crypto Trading Platforms in the Philippines

 

PDAX (Philippine Digital Asset Exchange) is one of the best crypto exchange platforms based and founded in the Philippines. It enables users to buy, sell, and trade cryptocurrencies using Philippine Peso (PHP). Established in 2017 and regulated by Bangko Sentral ng Pilipinas, PDAX can provide a secure and user-friendly platform. It assists cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.

 

Prioritization is mainly on security with features such as two-factor authentication and cold storage. While cryptocurrency is a risky investment, PDAX encourages responsible and secure trading. Furthermore, PDAX is a good image exchange with efficient regulatory compliance, a wide range of cryptocurrencies, an intuitive interface, and high-security measures for individuals in the Philippines. Key features in PDAX are

 

  • PDAX Academy - provides to both beginners and experienced traders, providing real-time price charts, order books, and trading history.
  • PDAX Referral Program – offers a referral program that allows users to get rewards by referring others to the platform.
  • PDAX mobile app - permits trading, and customer support is accessible every time to address problems from users

 

4) Abra

Abra - Best Crypto Trading Platforms in the Philippines

 

Abra is a mobile-based crypto trading platform and one of the best crypto applications in the Philippines that facilitates cryptocurrency trading. It has established in 2014 and is based in the United States. Abra is a user-friendly interface trading platform that provides various cryptocurrencies, Bitcoin, Ethereum, Ripple, and Litecoin.

 

The platform applies a synthetic asset model which will allow users to trade synthetic assets and traditional assets such as stocks and exchange-traded funds (ETFs). Interestingly, Abra can suggest a convenient and efficient platform for Filipinos to participate more in cryptocurrency trading by offering its user-friendly interface, assistance for various cryptocurrencies, efficient approach, and significant features. The special features of Abra are

 

  • Abra Wallet - offers a digital wallet for the users to store securely their cryptocurrencies. This also enables users to control fully their ownership and crypto assets.
  • Abra Earn – allows users to gain interest from their crypto assets. It can provide an opportunity for users to maximize their crypto assets without requiring them to trade actively.
  • Abra Borrow - delivers a feature that enables platform users to borrow against their crypto holdings.
  • Abra App - gives specific features such as real-time charts and portfolio tracking, and trading experience increment.

 

5) Crypto.com

Crypto.com - Best Crypto Trading Platforms in the Philippines

 

Crypto.com is a crypto exchange company located in Singapore. The exchange possesses its own exchange token named Cronos (CRO). The company was established first in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 with the name “Monaco”. The company was renamed “Crypto” in 2018. Crpyto.com exchange is a marketplace where buyers and sellers can come at the same time to trade assets at detailed prices. It functions as a platform on which market users can carry out the process without having to find buyers and sellers who want to trade with them. Trading through a Crypto.com exchange is greatly demandable for traders as a large number of users can be found in one place, which will enable liquidity.

 

To start using Crypto.com in the Philippines, the registration procedure consists identity verification process to follow the anti-money laundering (AML) and know-your-customer (KYC) regulations. With the best security measures and protection, the Crypto.com platform can provide the best experience to users in crypto investing. Some important features are

 

  • Crypto.com Visa card – enables users to spend their cryptocurrencies in the real world.
  • Crypto Earn – allows users to earn interest on their cryptocurrencies.
  • Crypto Credit – offers users to borrow against their cryptocurrency holdings. Users can leverage their crypto assets as collateral to access fiat currency loans.
  • Crypto.com Exchange - provides the user with the ability to carry out trading for more than 200 unlike cryptocurrencies at reasonable market fees and discounts for users who use only Crypto.com ’s Cronos tokens.
  • Crypto.com Wallet - enables a digital asset wallet for users to store securely.
  • Crypto.com App - deliver users to effortlessly manage their crypto assets, proceed services, and features offered by Crypto.com.

 

6) Bybit