In this article, I will provide a detailed analysis of the best cryptocurrency exchanges for traders in the Philippines going beyond local services availabe in the country.
Local exchanges such as PDAX and Coins.ph are in the same tier as global giants like Bybit and KuCoin.
They are all dominant providers in the cryptocurrency space. I will describe their services, fee structures, and user availbility so that a suitable platform can be chosen for seamless user experience for cryptocurrency traders.
Key Point
| Exchange | Key Feature | Notable Advantage |
|---|---|---|
| PDAX | Philippine Peso support | Local bank integration, regulated in PH |
| Coins.ph | Mobile wallet + crypto exchange | Bill payments & remittances |
| GCrypto | Crypto and fiat bridge | Multi-chain support for global users |
| Kraken | Advanced trading tools | High security & insurance coverage |
| Bybit | Derivatives & leverage trading | Low trading fees & fast execution |
| MEXC | Wide range of altcoins | High liquidity and frequent promotions |
| Bitget | Copy trading & derivatives | Social trading for beginners |
| KuCoin | Spot, futures, and staking options | Supports hundreds of coins |
| Bitstamp | Long-established European exchange | Reliable fiat on/off ramps |
| Crypto.com | Crypto card & app ecosystem | Rewards & seamless fiat-to-crypto integration |
10 Best Crypto Exchanges In The Philippines
1. PDAX
PDAX (Philippine digital asset exchange) launched in 2018 and remains one of the few proprietary crypto exchanges in the Philippines. PDAX is licensed, and at the same time, highly vetted by the Bangko Sentral of the Philippines (BSP) which is reassuring to local users.
Along with supported Ethereum stablecoins and popular tokens, PDAX also supports trading on primary cryptocurrencies such as Bitcoin and Ripple.
For its adherence to local regulations, PDAX is commonly regarded as a trustworthy exchange which also offers fiat on-ramps and cryptocurrency withdrawal and deposit trading fees of 0.1%, starting on the lower end of the competitive scale.
Users from all over the Philippines PDAX has gained sizable users for its quick local support, accessibility and basic cryptocurrency trading functions.
Features PDAX
- Established: 2018, Philippines-based and BSP-regulated.
- Local Support: Direct PHP deposits/withdrawals via banks and e-wallets.
- Crypto Support: Bitcoin, Ethereum, Ripple, stablecoins, and more.
- Trading Fees: Starts at 0.1%.
- Availability: Exclusively for Philippine users.
- Rating: High trust due to regulation and local accessibility.
2. Coins.ph
Coins.ph was begun in 2014, making it one of the first crypto exchanges in the Philippines. It was originally rolled out as a mobile wallet, but it now operates as a regulated crypto trading platform by the BSP.
Coins.ph enables direct deposits and PHP withdrawals via local banks, e-wallets, and OTC partners, making it very convenient for Pinoys.
It currently offers more than 20 types of cryptocurrencies, with the most popular being Bitcoin, Ethereum, and USDC. It has recently expanded its offerings to meet the ever-growing demand for crypto in the Philippines.
Coins.ph has a very strong reputation in the Philippines with the platform being rated highly, especially among newbies, for its ease of use.
Most people in the Philippines are able to access Coins.ph, which means it has a a strong reputation as a first step in crypto for many users.
The trading fees are very flexible, from 0.25% to 0.50% depending on the transaction type, and have also been rated very highly.
Features Coins.ph
- Established: 2014, oldest licensed exchange in the Philippines.
- Local Support: PHP integration with banks, e-wallets, and cash-in outlets.
- Crypto Support: 20+ coins including BTC, ETH, USDC, XRP.
- Trading Fees: 0.25% to 0.50%.
- Availability: Nationwide through app and web.
- Rating: Excellent for beginners and everyday users.
3. GCrypto
Launched in 2022 by GCash, GCrypto is a new but promising feature of the famous GCash e-wallet app that allows users to buy and sell cryptocurrencies. The rapid rise in the number of users of GCash in the Philippines
Which now stands at over 80 million, GCash has become a popular app due to its effortless execution of cryptocurrency transactions and easy access.
allows users to purchase several cryptocurrencies, including Bitcoin, Ethereum, and Solana, and offers direct fiat-to-crypto conversions in PHP. Users can simply cash out and fund their account seamlessly for GCash users.
Can withdraw and cash seamlessly due to the link’s cash account. Their transaction fee is charged at a competitive rate, and is estimated to be 0.4%. Locally, the positive GCrypto reviews about the service increase due to the availability of instant access.
These make GCrypto one of the most popular apps for crypto transactions in the country, available throughout the Philippines.
Features GCrypto
- Established: 2022 by GCash (inside the app).
- Local Support: Seamless PHP integration via GCash wallet.
- Crypto Support: BTC, ETH, SOL, and growing.
- Trading Fees: Around 0.4%.
- Availability: Accessible nationwide through GCash.
- Rating: Strong for convenience and accessibility.
4. Kraken
Since its founding in the US in the year 2011, Kraken has been one of the world’s oldest and prestigious crypto exchanges.
Kraken may not be based in the Philippines, but it has portals in the country, which earns it the status for being ideal for advanced crypto users.
Users on Kraken can trade 200+ crypto assets from coins such as Bitcoin and Ethereum to smaller, more obscure altcoins.
Kraken scores high on security, regulation, and low trading fees, which starts as low as 0.16 percent for makers.
Although Kraken’s lack of direct PHP deposits and PHP withdrawals may be troublesome, the platform is ideal for users in the Philippines due to its advanced trading features, deep liquidity, and dependable global support.
Features Kraken
- Established: 2011, USA-based exchange.
- Local Support: No PHP deposits; global fiat and crypto funding.
- Crypto Support: 200+ coins.
- Trading Fees: 0.16% maker / 0.26% taker.
- Availability: Global access, including Philippines.
- Rating: Highly trusted for security and advanced trading.
5. Bybit
Founded in 2018, Bybit is one of the fastest-growing exchanges in the world because of its popularity with derivative and spot traders. The exchange is not local, but it serves the Philippines and offers more than 400 cryptocurrencies.
Users appreciate the ease of use, advanced charting, and security features. The trading fees are competitive, 0.1% for spot trades and lower for sub-accounts and high volume users.
The platform doesn’t have local support for PHP, but users in the Philippines can use it with access via stablecoins and international wire transfers.
It has attracted retail and professional traders alike, especially those focusing on margin and futures trading, because of its strong liquidity.
Features Bybit
- Established: 2018, global exchange known for derivatives.
- Local Support: No PHP deposits, stablecoins used instead.
- Crypto Support: 400+ cryptos.
- Trading Fees: 0.1% for spot; lower for derivatives.
- Availability: Open to Filipino users worldwide.
- Rating: Popular among advanced and futures traders.
6. MEXC
In 2018, MEXC went global while also breaking into the Philippine cryptocurrency market. MEXC exchanges propping up almost 1,500 different supportive, MEXC strengthens its reputation for high liquidity with depth.
Fulfilling the needs of diverse trades, they focus on low and emerging tokens. Trading fees are set at 0.1% with higher-volume traders and token holders offered lucrative discounts.
Filipino traders do not have the option to deposit PHP. Instead they may use stablecoins and other worldwide payment systems. Crypto exchanges are accessible and affordable for active traders in the Philippines searching for altcoin exposure.
Features MEXC
- Established: 2018, global platform.
- Local Support: No PHP funding, stablecoin P2P options.
- Crypto Support: 1,500+ cryptocurrencies (massive selection).
- Trading Fees: 0.1%.
- Availability: Accessible in Philippines.
- Rating: Excellent for altcoin hunters and active traders.
7. Bitget
Bitget is an exchange established in 2018 and has gained recognition due to futures trading and social copy trading. Bitget isn’t a Philippine-based exchange but is available in the country and has more than 600 listed coins available for trading.
The exchange has received great reviews for its unique trading features and low trading fees (0.1% fee for spot trading and even lower for futures trading).
Although Bitget does not allow PHP deposits, users can trade with stablecoins and use international payment processors.
The exchange is available to users worldwide and has expanded to the Asian region, particularly the Philippines. Bitget has an innovative copy trading feature that lets new crypto traders market to new traders, which makes the exchange even more attractive.
Features Bitget
- Established: 2018, global platform with futures focus.
- Local Support: No PHP deposits; stablecoins accepted.
- Crypto Support: 600+ coins.
- Trading Fees: 0.1% for spot; futures lower.
- Availability: Global including Philippines.
- Rating: Great for copy trading and social trading features.
8. KuCoin
KuCoin was started in 2017 and has grown rapidly to become one of the top global cryptocurrency exchanges, servicing over 200 countries including the Philippines.
It has an extensive library of over 700 cryptocurrencies including major currencies like Bitcoin and Ethereum, as well as smaller Altcoins.
KuCoin has received strong reviews for wide selection of coins, superior liquidity, and reasonable trading fees starting at 0.1%.
The platform is relatively easy to access for Filipino users, but direct PHP deposits are not available. KuCoin works with local traders who can use stablecoins and peer-to-peer trading to fund their accounts.
KuCoin is extremely popular in the Philippines and provides an excellent trading platform for both beginners and experienced traders.
With advanced security protection and unique features including staking and lending, KuCoin is one of the best exchanges for crypto traders in the Philippines.
Features KuCoin
- Established: 2017, Singapore-based global exchange.
- Local Support: PHP support via P2P marketplace.
- Crypto Support: 700+ assets.
- Trading Fees: 0.1%.
- Availability: Serves 200+ countries, including Philippines.
- Rating: Strong for variety, staking, and altcoins.
9. Bitstamp
Founded in 2011 in Luxembourg, Bitstamp is one of the very first and most highly regarded crypto exchanges in existence.
Although Bitstamp is not located within the Philippines, it can be accessed there and is often utilized by traders seeking a secure and reliable platform.
Bitstamp trades in more than 80 di erent cryptocurrencies, focusing on key coins such as Bitcoin, Ethereum, and XRP. It has stellar reviews for its transparency, compliance with regulations, and easy to use platform.
Its trading fees of 0.25% are very competitive, especially to retail and institutional users, as higher trading volumes result in lower fees.
Filipino traders can also fund their Bitstamp accounts through international transfers, despite the lack of direct PHP support.
Since Bitstamp has a good reputation and can be accessed globally, this makes it an ideal exchange for users based in the Philippines.
Features Bitstamp
- Established: 2011, one of the oldest global exchanges.
- Local Support: No PHP support; global payment methods only.
- Crypto Support: 80+ major coins.
- Trading Fees: 0.25%, lower for higher volumes.
- Availability: Accessible to Philippine traders.
- Rating: Trusted, transparent, and reliable for long-term use.
10. Crypto.com
Crypto.com, which began operating in 2016 and has its headquarters in Singapore, has quickly become one of the most utilized crypto exchanges in the world, and has significant operations in the Philippines.
The platform supports more than 250 cryptocurrencies and provides a diverse array of services, which includes trading, staking, and a crypto Visa card.
Crypto.com has a favorable review rating for its mobile application, which is appreciated for its ease of use and accessibility, especially in the Philippines.
Starting trading fees range from 0.075% and are among the lowest in the industry, coupled with special discounts for CRO token holders.
Although Filipino users cannot directly deposit PHP, the platform is accessible to users around the world, and thus Filipino users can easily trade using stable coins and other international payment methods.
Crypto.com is a platform with diverse crypto features and specific attributes tailored to the region, which is why it is among the favorite exchanges in the Philippines.
Features Crypto.com
- Established: 2016, Singapore-based.
- Local Support: No PHP deposits; supports stablecoins and cards.
- Crypto Support: 250+ coins.
- Trading Fees: 0.075%, lowest among many exchanges.
- Availability: Available globally including Philippines.
- Rating: Excellent for mobile users and crypto Visa card perks.
How Is Crypto Taxed In The Philippines?
In the Philippines, Cryptocurrencies are treated as property assets and are capital gains taxed upon sale, trade, or purchase.
Such activities must be reported, and the center for revenue: Internal Bureau (BIR) notes the potential for tax income obligations for the business utilization of it, for both individuals and legal entities.
Beyond the 12 months provision hedging taxes may be applicable. Due to ever changing laws, it is best practice to canvas the local jurisdiction and consult with a tax account or financial planner.
On a more personal note, tax subjects must keep note of any and all transactions spent on cryptocurrencies—date, and purpose of the transactions.
Informed and engaged are the Filipino digital currency users, paying due taxes to the Philippine authorities.
Are Crypto Exchanges Regulated In The Philippines?
Yes , PDAX and Coins.ph are examples of local crypto exchanges that are regulated by the Bangko Sentral ng Pilipinas which means that they follow the financial laws of the Philippines and that local users can have more confidence in these services.
BSP licensing provides assurance of transparency, consumer protection, and safe funds management.
Conversely, Kraken, Bybit, KuCoin, and MEXC have not been licensed by the BSP, yet they are still frequented by Filipino traders
because of their more extensive cryptocurrency services, sophisticated trading instruments, and access to international markets.
Conclsuion
In conclsuion The best crypto exchanges in the Philippines provide both local and global options for traders.
Platforms like PDAX, Coins.ph, and GCrypto offer PHP integration and local support, while Bybit, KuCoin, and Crypto.com deliver wider selections and advanced features.
Choosing the right exchange depends on your goals—whether convenience, low fees, or access to a broad range of cryptocurrencies.
FAQ
PDAX and Coins.ph are the most trusted local exchanges, licensed by BSP.
Yes, platforms like Bybit, KuCoin, and Kraken are available.
PDAX, Coins.ph, and GCrypto support direct PHP transactions.
Crypto.com (0.075%) offers the lowest trading fees.
Yes, BSP regulates local exchanges like PDAX and Coins.ph.