How to safely buy Bitcoin in (2021)
Buy Bitcoin safely and quickly in the Philippines through our trusted exchange affiliates and partners.
How to buy Bitcoin in the Philippines
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".
Where to buy Bitcoin in the Philippines
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.
The premier exchange for Bitcoin traders
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.
Pros
- The best exchange in the world to trade cryptocurrency
- Binance offers margin trading and perpetual futures
- Easy to use interface for new traders
Cons
- Fees for day traders can get expensive if you do not trade using Binance coin
Invest in Bitcoin with a Debit Card or Credit Card Instantly
Coinmama allows users from any country around the world to buy Bitcoin, Ethereum and 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 invest in 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.
Pros
- Purchase crypto with a Debit Card and Credit Card
- Highest limit to invest in Bitcoin using a Credit Card
- Reliable and trustworthy exchange
Cons
- Relatively high fees when using a Debit Card or Credit Card
Trade a range of assets in one platform
eToro is a world renown multi-asset brokerage company that allows users to invest in Bitcoin as well as buy and trade other cryptocurrencies, stocks, ETFs, currencies, indices and commodities.
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.
Read our eToro Fees review if you are interested in learning more about pricing.
Pros
- Gold standard in terms of regulation and security
- Simple user interface for new traders
- Social trading allows you to copy trade famous traders
Cons
- It isnt a pure Bitcoin exchange, which results in high fees
The Regulatory Framework in the Philippines
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.