Buy Crypto & Bitcoin in Philippines

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  • Popular Exchanges to Buy Crypto & Bitcoin in Philippines
  • Coinmama exchange logo
    Coinmama
    BUY NOW at Coinmama's Secure Site
    Fees
    2.93% - 3.90%
    Account Minimum
    $30
    Promotion
    30% Referral Commission
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

PaybisPaybis

Paybis is a popular cryptocurrency exchange. 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.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

BuyBitcoin.ph's brokerage service is the easiest way to purchase bitcoins in the Philippines. The interface is very easy to use for first-time buyers. You can use cash or various online payment methods.

Pros
  • Easiest way to buy bitcoin in the Philippines
  • Exchange is run by popular remittance service, coins.ph
Cons
  • Rates won't be as good as the trading exchanges in the Philippines
ease icon
Ease of Use
privacy icon
Privacy
Average
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
limits icon
Limits
High

prepaidbitcoin.phprepaidbitcoin.ph

Prepaidbitcoin.ph is a unique Bitcoin service in the Philippines. They sell vouchers from 2 physical locations in Makati City, these vouchers can be redeemed online for bitcoins. Vouchers may also be boght online via Gamex.ph, using Smart or Sun mobile payments.



Make sure you have a Bitcoin wallet before you redeem a voucher, since you'll need an address to receive your bitcoins.

Pros
  • Easy way to buy bitcoins in the Philippines
  • Run by the same company as popular remittance service, coins.ph
Cons
  • Rates are not as good as buying directly from coins.ph
ease icon
Ease of Use
Easy
privacy icon
Privacy
Average
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
Low

CoinageCoinage

Coinage was the first Bitcoin exchange geared towards traders in the Philippines. You can fund your account via bank transfer or cash deposit.

Pros
  • High liquidity
  • 24/7 support staff
  • Deep liquidity ensures you get a fair market price
Cons
  • Highest fees among trading exchanges in the Philippines
  • Not a private way to buy bitcoins; identity verification required
  • Limited payment options
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Phillippines


The Philippines economy is often referred to as “The Tiger Cub Economy.” Until very recently, the economy of the Philippines has been based on the agricultural sector. Now, it is one of the fastest growing economies in the world, based mostly on exports of semiconductors and electronic parts, copper and petroleum products.

In the summer of 2020, the Philippines central bank approved 16 cryptocurrencies exchanges, paving the way for a true boom in the markets there.

In 2021, Chainalysis released what it called the Global Crypto Adoption Index. This report showed that the global crypto adoption has taken off in the last year, up 881%. The report ranked 154 countries based on several metrics including total crypto activity weighted by purchasing power parity per capita. The Philippines ranked in the top 20 with a score of .16.


Global Crypto Adoption Index 2021

If you are living in the Philippines and are interested in joining the Bitcoin revolution yourself, one of the easiest ways to buy Bitcoin is through the cryptocurrency exchanges outlined above. Select the exchange based on your requirements and preferences because different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before selecting one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

Another option for Buying Bitcoins in the Philippines is through peer-to-peer exchanges like LocalBitcoins. On platforms like these, users buy and sell with other individuals directly. More on how these work in Chapter 5.


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Best Bitcoin Wallets for Phillippines



There are three main types of Bitcoin wallet and all of them are supported in Phillippines:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Philippines


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Philippines that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in Philippines that Support Ethereum
  • Bitpanda
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Coinmama
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc
  • Paybis
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc usdt

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Dogecoin How to Buy Dogecoin in Philippines


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Philippines that Support Dogecoin
  • Bitpanda
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Philippines


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Philippines that allow you to buy litecoin and other crypto assets for good exchange rates.

  • Exchanges in Philippines that Support Litecoin
  • Bitpanda
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Coinmama
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth
  • Paybis
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth usdt

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Exchange Hacks and Crypto Scams in Phillippines


As of January of 2021, we could find no exchange hacks or significant scams affecting Phillippines or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Phillippines.


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FAQ


Does Coinbase work in Phillippines?

Coinbase ONLY allows crypto to crypto conversions for Phillippines residents as of January of 2021.

Where Can I Find a Bitcoin ATM in Phillippines?

At this time, there are no Bitcoin ATMs in Phillippines.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Phillippines?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Phillippines?

Any exchange with a Philippine peso trading pair will allow you to sell your Bitcoin for fiat currency. BuyBitcoi.ph has PHP trading pairs for many popular coins.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.