We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

-

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.

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.

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.

-

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.

-

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.

-

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.

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.

-

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.

-

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.

-

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.