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Buying Bitcoin in the Philippines is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in the Philippines. Buy Bitcoin Finder gives order placement preference to exchanges located in the Philippines, or exchanges that enable the smoothest verification for citizens of Philippines.
Coinmama allows users from any country around the world to buy Bitcoin, buy Ethereum and buy Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.
If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to buy Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.
Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange. They offer the best platform for crypto to crypto trades if you are looking to boost your Bitcoin holdings and stack some satoshi’s.
Buy Bitcoin Finder recommends Binance as the best place to trade Bitcoin against other cryptocurrencies for the lowest fees and the deepest liquidity. Binance also offer a Bitcoin Futures trading platform with up to 125x leverage.
eToro is a world renown multi-asset brokerage company that allows users to buy Bitcoin as well as buy and trade other cryptocurrencies, stocks, ETFs, currencies, indices and commodities. eToro is well-known for it's "social trading" platform, which gives users the ability to follow popular trader and copy their trades live on the platform.
eToro is a well respected business that is best in class in terms of security and regulation from a global standpoint. eToro is available in most countries around the world including Australia, Canada, United States, United Kingdom, New Zealand and more.
HodlHodl is a global peer to peer Bitcoin exchange, which only requires an email to register. Hodl Hodl have no KYC and are one of the most private exchanges to use alongside other peer to peer exchanges like LocalBitcoins
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From a regulatory perspective, the Philippines has always been a country that has enacted legal frameworks that aim to promote and boost the adoption of Bitcoin and digital currencies in the country. Cryptocurrencies like Bitcoin in the Philippines are very popular for remittance, it is common for people in Phillipines and out of the Philippines to send money in and out of the country on the Bitcoin blockchain.
The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas, or BSP for short, requires that all digital currency exchanges register with them in order to legally provide virtual currency remittance and transfer services. These clear guidelines have made it easy for many Bitcoin exchanges in the Philippines to quickly set up in the country, which has been a massive boost for adoption.
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