New users are entering the crypto space, with cryptocurrencies soaring like never before. However, they are often confused about which exchanges are the best. Read more to find out the best crypto exchanges in the Philippines.
The popularity of cryptocurrencies has been exceptional in the last couple of years. Many early starters are already beginning to reap its rewards, and most are still sceptical. However, a minority of individuals are eager to get into crypto trading in the Philippines. A well-researched list of the best crypto exchanges in the Philippines has been compiled and listed below for such individuals.
eToro was founded and launched in 2007 as a forex crypto trading platform, and the crypto exchange was launched in 2018. The exchange is regulated by multiple regulators across Europe, the UK, and Australia and has gained trust among millions. eToroX has engaged a military-grade cybersecurity solutions provider to protect more than $1B of their client’s assets. Users can fund their accounts via wire transfer, bank transfer or cards. The fees are low, and there are minimum spreads, and this exchange is a great one for aspiring traders to start with.
Binance is a highly renowned name in the cryptocurrency exchange space and has the largest trading volume. The platform supports 380+ cryptocurrencies, and users can trade in spot markets and futures markets. It has iOS and Android support with a user-friendly interface for trading. Binance trading interface also includes the Classic and Advanced versions of Tradingview. It charges a nominal fee of 0.1% for crypto trades.
Coinmama was launched in 2013 and is trusted by 3,000,000 people across 188 countries. Users can trade crypto using their credit cards, debit cards, bank transfer or even Apple pay. It has a quick sign-up process, and users can start purchasing crypto within minutes of signing up. The crypto exchange is a user-friendly crypto exchange with three levels of verification. Users can trade Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Cardano, Litecoin, Ripple, Tezos, Chainlink and Uniswap.
Bitpanda was founded in 2014 in Austria. Today it has more than 3 million traders and 500 employees. It has a fee structure where the minimum fee for trading is 0.05%. The lowest prices are for members with the highest trading volume. Users can deposit and withdraw their funds in the following fiat currencies: Euro (EUR), US Dollar (USD), Swiss Franc (CHF), British Pound (GBP), and Turkish Lira (TRY). The platform also offers a very accessible and intuitive interface for users. It has mobile applications (Android | iOS) for secure trading with multiple trading methods.
Paybis was launched in the UK in 2014. It is supported in more than 180 countries and allows users to buy cryptocurrencies with a Credit card, Debit card, Bank transfer, Wire transfer, and other payment methods. The crypto exchange uses two-factor authentication for security and KYC and AML policies to prevent any criminal activity. It has a great referral program, and referees earn 20% of fees paid by referrers. The platform is licensed and regulated and has a quick KYC process. With 24/7 multilingual support, Paybis is an exchange that delivers what it promises.
Kraken, one of the oldest cryptocurrency exchanges founded in 2011, currently operates in 202 countries across six continents. There are 99 cryptocurrencies listed on this exchange. It offers account management to advanced traders to solve their queries in real-time for a seamless trading experience. The platform also provides mobile support for Android and iOS. It offers deep liquidity through high volume, low fees, and more active traders to ensure that they can trade at their desirable prices. The crypto exchange with fee structure encourages trading and incentivizes market makers.
CEX.IO is a cryptocurrency exchange founded in 2013 and boasts of more than four million traders. The crypto exchange includes Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, of 100 cryptocurrencies. The platform has a fee structure that rewards high volume traders, ensuring high liquidity. Users can buy crypto with fiat currencies such as USD, EUR, GBP, and RUB through credit cards, debit cards, or bank transfers. It comes across as user-friendly and is perfectly designed for crypto traders.
Okcoin is a globally licensed exchange founded in 2013 with six offices and more than 100,000 active traders across 190+ countries. Traders can buy cryptocurrency using debit cards, credit cards, and bank transfers. It stores more than 95% of users’ assets in cold storage using SSL encryption, AES encryption, and 2FA for enhanced security. The platform has a 10-tiered fee structure that rewards traders with high volume and offers attractive deposit and withdrawal fees. Okcoin crypto exchange is reliable and provides advanced trading to expert traders.
Changelly is a crypto exchange that was launched in 2015. Today it has more than two million monthly users with 216 crypto assets on its listings. It provides an excellent interface and makes trading seamless for new traders and experienced ones. The crypto exchange has one of the lowest fees in the industry at just 0.25%. Changelly is a simple, affordable and supportive exchange.
PDAX Crypto Exchange
PDAX, or the Philippine Digital Asset Exchange, was founded in 2017 and is regulated by the Bangko Sentral ng Pilipinas (BSP). PDAX charges nominal fees for trading by makers and takers at 0.4% and 0.5%, respectively. The crypto platform offers 14 cryptocurrencies and 14 trading pairs for traders. It has a basic interface with trading tools and is great for new users who want to start trading crypto in the Philippines.
Choosing the proper cryptocurrency exchange will always be a challenge with many exchanges in the market. Factors to be considered while choosing a crypto exchange should be the trader’s experience, the features of the exchange, the fees, the liquidity and the security of the exchange, among other factors. However, users should weigh the risks and rewards of trading in the exchange and take the right call for a successful trading experience. If you want to trade in crypto specifically in the Philippines, you can choose the above best crypto exchanges in the Philippines.