In this article, I will showcase the Best Crypto Exchanges in the Philippines, focusing on those that allow secure trading with low KYC limitations, and offer various cryptocurrencies.
Users in the Philippines can use Bybit, Binance, KuCoin, Bitget, MEXC, Gate.io, OKX, Paybis, Bitunix, and CoinEx and enjoy low trading costs, as well as responsive customer service, ensuring a robust and hassle-free crypto trading experience.
What is Crypto Exchanges?
A crypto exchange serves as a marketplace enabling individuals and businesses to purchase, sell, or exchange cryptocurrency.
Essentially, it connects buyers and sellers, providing sufficient buying and selling options, trading and portfolio management tools, and market charts. Crypto exchanges are classified into two – centralized exchanges (CEXs) and Decentralized exchanges (DEXs).
CEXs are run by corporations, and offer customer support and extensive liquidity, crypto management. DEXs are based on a blockchain and offer no intermediaries, clients retaining complete crypto control.
Crypto exchanges, tend to support various payment options, provide numerous trading pairs, and offer stable payment and blockchain integration. This ability of exchanges to facilitate adoption and provide stability significantly increases crypto exchange demand.
How To Choose Crypto Exchanges in the Philippines
Regulatory Compliance and Licensing: Confirm the exchange is registered and operates under the auspices of Bangko Sentral ng Pilipinas (BSP) to ensure compliance and certification safety.
Protective Measures: Safeguarding your money with 2FA authentication, cold storage, and encryption is imperative, and any exchange marketing on these factors should be prioritized.
Cost of Trading: Trading on any exchange comes with transaction, withdrawal and deposit costs which should be kept to a minimum.
Available Cryptocurrencies: Confirm the exchange offers and is licensed to trade the major cryptocurrencies such as Bitcoin, Ethereum, and any other tokens you wish to trade.
Available Payment Methods: Preference is given to exchanges that allow the deposit of Philippine Peso (PHP) via bank transfer, and eWallets such as GCash and PayMaya.
Market Liquidity: Liquidity alongside trading volume is a major consideration, as higher liquidity ensures the completion of faster trade transactions at fair prices, especially on higher amounts.
User Interface and Customer Support: The presence of a user-centric interface alongside responsive customer service aids hassle-free trading and smooth resolution of issues.
Feedback and Reputation: Investigating what other Filipino traders report can be of help to determine if the exchange has a trustworthy history, which can be found on several pages across the net.
Key Point & Best Crypto Exchanges in the Philippines
| Exchange | Key Points |
|---|---|
| Bybit | High leverage trading, advanced derivatives, low fees, strong security, user-friendly UI. |
| Binance | Largest exchange by volume, wide crypto selection, multiple trading options, robust security. |
| KuCoin | Supports hundreds of altcoins, low fees, staking & lending, global user base. |
| Bitget | Focus on copy trading, derivatives, strong mobile app, low trading fees. |
| MEXC | Wide altcoin availability, low fees, fast trading, user-friendly interface. |
| Gate.io | Large crypto variety, margin & futures trading, staking options, solid security measures. |
| OKX | Multi-product platform (spot, futures, DeFi), low fees, strong liquidity, advanced tools. |
| Paybis | Fiat-to-crypto exchange, supports multiple payment methods, simple interface, global reach. |
| Bitunix | Minimal KYC options, fast crypto deposits & withdrawals, easy-to-use interface. |
| CoinEx | Low trading fees, wide crypto selection, futures & spot trading, user-friendly for beginners. |
1. Bybit
Since it was established in 2018, Bybit has emerged as one of the top crypto exchanges in the Philippines.
They have a friendly, accessible interface which has made the exchange popular among Filipino traders as it’s offered in several local dialects. They have the ability to trade a variety of cryptocurrencies, including best selling altcoins in the market as well as Bitcoin and Ethereum, which allows traders to diversify their portfolios with ease.
Funds are safeguarded with cold wallet storage, 2FA, and other forms of encryption which is one of the many reasons customer service is rated so highly and offered 24/7 through both email and live chat.
Bybit is a well rounded exchange and offers a fulfilling trading experience equipped with a variety of reliable and secure features.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| KYC Requirement | Minimal for small trades; full KYC required for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, BNB, ADA, XRP, and other major altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Margin, Futures, Perpetual Contracts |
| Fees | Low trading fees; discounts for high-volume traders |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages available |
2. Binance
Established in 2017, Binance remains a top recognized exchange in the Philippines because of its reliability and international presence.
The platform also boasts the widest selection of local language options in the country furthers its accessibility to Filipino traders. Any and every kind of trader, from beginners to advanced, can benefit from the large selection of digital currencies offered, including Bitcoin, Ethereum, and many altcoins.
User assets are SOLID, and subject to cold storage, 2-factor authentication (2FA), SAFU insurance fund, and other protective measures.
Furthermore, Binance has a 24/7 customer support via live chat, email, and a help center. Overall, the extensive selection of digital currencies Binance has to offer, coupled with support and security, makes it a top exchange in the Philippines.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| KYC Requirement | Minimal KYC for small trades; full KYC required for higher limits |
| Supported Cryptocurrencies | BTC, ETH, BNB, ADA, XRP, SOL, and hundreds of altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya, debit/credit cards |
| Trading Options | Spot, Margin, Futures, P2P, Savings, Staking |
| Fees | Low trading fees; discounts for using BNB |
| Security | 2FA, SAFU insurance fund, cold wallet storage, withdrawal whitelist |
| Customer Support | 24/7 live chat, email, help center |
| Local Language Support | English and multiple Filipino-friendly languages |
3. KuCoin
Launched in 2017, KuCoin is a crypto exchange in the Philippines renowned for its easy-to-use interface and myriad of digital assets.
The platform is available in several languages, aiding many Filipino traders. KuCoin offers trading functionalities like providing access to hundreds of cryptocurrencies, including Bitcoin, Ethereum, and rising altcoins, along with spot, margin, and futures trading.
Every crypto trader’s security is a major concern as 2FA, cold wallet storage, and regular audits are done for the storage of cryptocurrencies.
While the exchange focuses on providing users with a secure and multi-functional trading experience, it is also commendable for its 24/7 customer support available via email and live chat, providing solutions in real-time.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| KYC Requirement | Minimal KYC for small trades; full verification required for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, KCS, LTC, DOGE, and hundreds of altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Margin, Futures, Lending, Staking |
| Fees | Low trading fees; discounts for KuCoin Token (KCS) holders |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages |
4. Bitget
Founded in 2018, Bitget has fast become one of the most reliable crypto exchanges in the Philippines, promoting their services to both novice and expert users. The platform also optimizes accessibility by catering to various local languages.
Users on the platform can trade Bitcoin, Ethereum, and other popular altcoins; however, the platform specializes in copy trading and derivatives. In terms of their security measures, the company employs cold wallet storage, two-factor authentication (2FA), and other encryption systems to protect user assets.
Also, the platform has stellar customer service, responding to queries via live chat and email. Overall, they have proven to offer reliable and secure crypto trading.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, BNB, LTC, XRP, and major altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Margin, Futures, Copy Trading |
| Fees | Low trading fees; discounts for VIP and high-volume traders |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages |
5. MEXC
MEXC came into the existence in the year 2018 and is one of the leading cryptocurrency exchange platform in the Philippines. It provides trading and investment services to both beginners and advanced users.
MEXC is usable in several regional languages which increases the app’s and website’s popularity among the Filipinos. MEXC facilitates the buying and selling of numerous cryptos including Bitcoin, Ethereum and other altcoins with both spot and futures trading functionality.
In terms of protection, MEXC employs cold wallet storage, military-grade encryption, 2FA, and other strategies to safeguard the cryptocurrency assets of its users. To enhance the users trading experience, the platform enables trading with the extra plus of advanced customer support through chat and email.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, ADA, DOT, XRP, and many altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Futures, ETFs, Staking |
| Fees | Low trading fees; competitive rates for spot and futures trading |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages |
6. Gate.io
Gate.io is a recognized stock exchange in the Philippines since its establishment in 2013 which remains popular to this day due to its plethora of digital assets and sophisticated trading tools.
The program is incredibly user friendly due to its support of various regional languages for users in Philippines and the ease with which its users can learn how to use the site. From Bitcoin and Ethereum to the latest altcoins, the site supports hundreds of cryptocurrencies with trading options of spot, margin and futures across a borderless terminal.
The exchange has a multitude of securities protocols consisting of 2FA, audits and cold wallets for the users’ peace of mind. There is also customer support available through emails and live chat to maximize users’ assisting experience.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, LTC, XRP, DOT, and hundreds of altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Margin, Futures, Lending, Staking |
| Fees | Low trading fees; discounts for VIP and high-volume traders |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages |
7. OKX
OKX premiered in 2017 as one of the biggest crypto exchanges in the Philippines. The company provides one of the best online trading platforms and facilitates trading for novices and expert traders equally.
The exchange is supportive of localized languages which is a plus for many Filipino users. OKX has numerous crypto offerings such as Bitcoin and Ethereum as well as hundreds of altcoins and allows users to trade them through spot, margin, and derivatives trading.
The funds’ security is a top priority and is achieved through cold wallet storage, Two-Factor Authentication ( 2FA), and military-grade encryption. Moreover, OKX offers live and email chat support to assist users and foster a secure trading environment.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, BNB, SOL, XRP, and various altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Margin, Futures, Perpetual Contracts |
| Fees | Low trading fees; discounts for high-volume traders |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat, email support |
| Local Language Support | English and multiple local languages |
8. Paybis
Established in 2014, Paybis is a trusted crypto exchange in the Philippines aimed at offering seamless fiat-to crypto transactions. Paybis incorporates the local language into the site for easier use by traders in the Philippines.
On the exchange, one can buy, sell, and trade a plethora of coins, including Bitcoin, Ether, and other popular alts, over payment methods such as bank transfer, GCash, and PayMaya.
User accounts are well protected on Paybis and feature 2FA, SSL encryption, and payment protection. This exchange provides a smooth and user friendly trading experience through responsive customer care personnel available on live chat and email.
| Feature | Details |
|---|---|
| Established Year | 2014 |
| KYC Requirement | Minimal KYC for small purchases; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, LTC, XRP, BCH, and major altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya, debit/credit cards |
| Trading Options | Buy/Sell Crypto, P2P Transactions |
| Fees | Low fees for crypto purchases; transparent pricing |
| Security | 2FA, SSL encryption, secure payment processing |
| Customer Support | 24/7 live chat and email support |
| Local Language Support | English and multiple local languages |
9. Bitunix
Founded in 2019, Bitunix is a developing crypto exchange in the Philippines targeted towards users who prefer an uncomplicated and effective trading interface. Because the platform is aimed towards Filipino traders, it offers numerous local languages.
Bitunix is equipped with a wide array of crypto assets such as Bitcoin, Ethereum, and several other altcoins, with rapid deposit and withdrawal systems.
Protection is a fundamental, with 2FA, affixed cold wallets, and encryption techniques to maintain the security of customers’ funds.
Besides this, Bitunix maintains a responsive, email, and live chat customer support service to allow traders to solve other problems promptly. This platform offers an unparalleled, reliable, and accessible crypto trading service.
| Feature | Details |
|---|---|
| Established Year | 2019 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, LTC, XRP, and major altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot trading, crypto swaps |
| Fees | Low trading fees; transparent pricing |
| Security | 2FA, cold wallet storage, encryption protocols |
| Customer Support | 24/7 live chat and email support |
| Local Language Support | English and multiple local languages |
10. CoinEx
Founded in 2017, CoinEx serves as one of the best exchanges in Philippines. It has a simplistic platform along with advanced trading tools, making it suited for beginners and veteran traders. CoinEx even podcasts in a few native languages which makes it immensely easier for its Philippine users.
CoinEx has also a wide collection of cryptos ready for trade such as Bitcoin, Ethereum and altcoins available for spot and future trading. All user assets are safely kept in cold wallets protected by military grade encryption which makes CoinEx highly regarded within the trading community.
Their live chat and email services also makes it easy for traders to reach out in additional to the silent features such as reliability and simplicity. CoinEx is one of the best trading platforms even for users seeking basic features.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| KYC Requirement | Minimal KYC for small trades; full verification for higher limits |
| Supported Cryptocurrencies | BTC, ETH, USDT, LTC, XRP, BNB, and many altcoins |
| Fiat Support | PHP via bank transfer, GCash, PayMaya (limited support) |
| Trading Options | Spot, Futures, Staking, Crypto Swaps |
| Fees | Low trading fees; competitive rates for regular trading |
| Security | 2FA, cold wallet storage, withdrawal whitelist, encryption |
| Customer Support | 24/7 live chat and email support |
| Local Language Support | English and multiple local languages |
Pros & Cons
| Pros | Cons |
|---|---|
| Access to a wide range of cryptocurrencies | High volatility and market risk |
| Easy fiat-to-crypto conversion | Some exchanges may have complex interfaces |
| Advanced trading features (spot, margin, futures) | Withdrawal and trading fees can be high |
| 24/7 customer support | Regulatory restrictions may vary by country |
| Strong security measures (2FA, cold wallets, encryption) | Risk of hacks or phishing attacks |
| Mobile apps for trading on-the-go | Learning curve for beginners |
| Opportunities for staking, lending, or yield | Minimal KYC exchanges may have limited services |
Conclusion
Lastly, the top exchanges in crypto in the Philippines offer a great mix of security, variety of crypto, ease of use, and fast customer service which caters to both novice and advanced traders.
Platforms like Bybit, Binance, KuCoin, Bitget, MEXC, Gate.io, OKX, Paybis, Bitunix, and CoinEx offer a variety to trade, good fiat to crypto crossings, and carry excellent security through two-factor authentication and cold wallet storage.
With the right choice of exchange, the Filipino users can trade safely and confidently with low fees, great selections of coins, and good local accessibility to trade in the growing crypto market.
FAQ
Exchanges like Binance, Bybit, and KuCoin are considered very safe due to strong security measures like cold wallet storage, two-factor authentication (2FA), and regular audits.
Yes, many exchanges such as Binance, Paybis, and Bitget support PHP deposits via bank transfer, GCash, or PayMaya.
Most regulated exchanges require KYC verification for deposits, withdrawals, and higher trading limits. Some exchanges offer minimal KYC options for smaller trades.
Platforms like KuCoin, MEXC, and CoinEx are known for low trading and withdrawal fees, making them cost-effective for regular trading.
Yes, leading exchanges such as Bybit, Binance, OKX, and Gate.io offer 24/7 customer support via live chat, email, and help centers to assist traders.