If you are looking for where to buy cryptocurrency in Philippines, you have come to the right place.
The use of cryptocurrency in Philippines is alive and well. Most young and older people are trying to get acquainted with the relatively new financial technology. Before now, the only currency known to the Philippians was the Philippine Peso, which performed well in the exchange market against the dollar. With cryptocurrencies like Bitcoin and Ethereum, the Philippians are now open to decentralized exchanges that allow them to trade their fiat currencies for crypto.
The success of your crypto trades in the Philippines depends mostly on the exchange platform you use. If you use a good exchange platform, you will make good profits. Bad exchange platforms expose your assets to theft by unauthorized parties. In choosing an exchange platform, ensure that the platform has responsive customer service, good security, an easy user interface, and reasonable exchange rates.
Best platforms to buy cryptocurrency in Philippines
Coinmama
Coinmama allows customers in almost every country, including the Philippines, to trade bitcoin for fiat currencies and other cryptocurrencies. Coinmama is easy to use and recommended for beginners. They charge a 4.9%-5.9% (depending on volume) fee on each purchase.
Paybis
Paybis is a popular cryptocurrency exchange in the Philippines. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super-fast payouts, not to mention 5-minute ID verification and nearly perfect review scores on Trustpilot.
BuyBitcoin.ph
BuyBitcoin.ph is a well-built exchange platform that allows you to buy and sell Bitcoin in the Philippines. If you are a beginner, you will love this platform because it is easy to use with a simple user interface. The platform also supports various cash-out platforms.
Prepaid bitcoin.ph
Prepaid bitcoin.ph sells crypto vouchers from 2 physical locations in Makati City; these vouchers can be redeemed online for Bitcoin. You can also buy Vouchers online using Gamex.ph, Smart, or Sun mobile payments. Before you redeem a voucher, ensure that you have a Bitcoin wallet because you will need an address to receive your Bitcoin.
Coinage
Coinage is one of the most successful Bitcoin exchange platforms in the Philippines. Coinage might be old, but it has consistently provided stellar crypto trading services for the Philippians. You can fund your account via bank transfer or cash deposit.
Is Binance legal in the Philippines?
Unfortunately, Binance is not licensed to operate in the Philippines. However, Binance is already securing its licenses from the Bangko Sentral ng Pilipinas (BSP) to work legally in the country. The Philippine government has authorized and cautioned local investors against dealing with Binance. If you need a licensed platform to trade crypto in the Philippines, use the abovementioned platform.
How to buy crypto in Philippines
If you want to buy crypto in Philippines, follow the steps below.
- Create an account on a cryptocurrency exchange. All the exchange platforms discussed in the first section are legit. Select anyone and create an account.
- Verify your identity (KYC Process) for security processes.
- Deposit funds (PHP, USD, or Other Fiat Currency).
- Place a buy order (market or limit order).
- Store your cryptocurrency in a secure wallet. Most of the exchange platforms have their wallets. If not, create an account on an external wallet and store your crypto.
Best cryptocurrency wallet in the Philippines
Here are the best crypto wallets in the Philippines.
Zengo is a mobile wallet available on iOS & Android crypto and NFT wallet. You can buy, sell, and save crypto on the app.
Ledger Nano S Plus: This secure hardware wallet connects to your computer via USB-C.
Blue Wallet: This is a popular desktop Bitcoin wallet that is safe and easy to use. It is compatible with Windows, Mac, and Linux.
How to invest in bitcoin in Philippines
There are several ways to invest in Bitcoin in the Philippines. You can decide to buy and hold until the value of Bitcoin increases. You can also invest or participate in future and spot trading.
How to buy bitcoin in Philippines
To buy Bitcoin in the Philippines, follow the steps below.
- Create a Bitcoin wallet.
- Link your local bank account to your Bitcoin wallet.
- Buy Bitcoin from an exchange platform with fiat currency from your bank account.
- Send Bitcoin to your Bitcoin wallet.
Is Coinbase available in the Philippines?
The answer is yes! Coinbase is available for crypto trading in the Philippines.
Best platform to trade crypto for money in Nigeria
The best platform to trade cryptocurrency for money in Nigeria is Astro Africa. Astro Africa is a user-centric exchange platform that makes crypto trading easy for Nigerian traders. It doesn’t matter where you are in Nigeria; as long as your Astro Africa app is downloaded, you can easily trade Bitcoin for naira and get paid instantly. Visit our website right now or download the apps to create an account and start selling crypto for money at the best rates now.
