Best Crypto Exchange in the Philippines 2022
In this guide we review the best crypto exchanges in the Philippines for both investing in crypto and trading. When comparing crypto platforms, our reviews explore everything from safety and fees to supported markets and customer service.
Of course, you will require more information before you go ahead and create an account to trade cryptocurrencies.
We cover full reviews below, covering the best Bitcoin exchange in the Philippines, beginner-friendly platforms, global offerings with hundreds of assets, and more:
The Top Bitcoin Exchanges in the Philippines Reviewed
We’ve picked out the best Philippines crypto exchanges by looking at trading fees, listed coins, regulations, payment methods, and more.
1. Crypto.com – Overall Best Crypto Exchange in the Philippines for 2022
Crypto.com offers the overall best Bitcoin exchange in the Philippines. In addition to Bitcoin, you will find over 250 other cryptocurrencies. The Crypto.com exchange has been around for several years and is a well-respected trading platform for newbies and seasoned investors alike.
US regulators watch the space to ensure it operates professionally, which should give you peace of mind as a crypto trader. The commission fee here is 0.04% to 0.4% for market makers, and 0.1% to 0.4% for takers. This is competitive and will ensure that you do not overpay to trade crypto.
That said, if you plan to buy and stake CRO tokens you will be eligible for a discount on the aforementioned commission fee. Traders in the Philippines might also consider ordering the Crypto.com Visa card. The Visa card is linked to crypto, free of charge and you can enjoy up to 8% back on all spending.
There are no annual fees to worry about and you can top up using either your local currency or a digital asset. There are different types to choose from with varying staking rewards. The card also offers different benefits involving companies such as Airbnb and Expedia.
You can store any cryptocurrencies you buy in the custodial crypto wallet offered by Crypto.com if you wish. This is a convenient way to keep your investments safe at all times. Alternatively, there is a downloadable DeFi wallet that allows you to keep your private keys safe yourself, without the assistance of a third party. This is also one of the best cryptocurrency exchanges to buy non-fungible tokens – it has its own NFT marketplace.
At Crypto.com, you will find unique digitalized tokens of everything from celebrity figures and art pieces to games, music, and animations. You can fund your Crypto.com account using a bank transfer or a debit card. Notably, the latter comes with a charge of 2.99%. The minimum deposit is $20, which is around ₱1,000.
What We Like:
· Over 250+ crypto tokes supported
· Accepts bank transfers and debit/credit cards
· Crypto exchange with a good reputation
· Offers lending services and crypto interest accounts
· Competitive trading fees
2. Capital.com – Trading Platform With Over Crypto 470 Markets
Capital.com is one of the best Philippine crypto platforms for a number of reasons. It’s simple to navigate and lists over 470 crypto markets. Although, rather than being a conventional exchange, Capital.com offers CFDs.
The instrument will track the price of the underlying crypto asset, so you don’t have to take ownership of any tokens or physically buy Bitcoin. CFDs also allow you to speculate on the price of cryptocurrencies in either direction, as opposed to the traditional method of buying assets and only making gains from a rise in value.
This allows you to create a sell order on any crypto assets you believe will fall in value, and if it does, you make a profit. You can also place a buy order on any cryptocurrency you think will rise in value. In much the same way, if it rises, and you were correct to go long, you can cash out with gains.
This also saves you from storing digital currencies, securing wallets, and looking after private keys. Another reason this is one of the best Philippines crypto exchanges is that Capital.com will allow you to trade digital currencies with no commission. This only leaves the spread which is an indirect trading fee.
We found that the spread, which is the difference between the buy and sell price, is very competitive. This helps to keep trading costs down. You can also opt to trade with leverage at Capital.com. However, tread with caution if you are a beginner as you are essentially taking a loan from the platform.
The minimum deposit is $20 if you choose to fund your account with a credit/debit card or e-wallet. Wire transfers command at least $250, which is around ₱13,000. The Capital.com mobile app is also super easy to navigate. As such, it will suit newbies as well as seasoned crypto traders.
What we like
· 0% commission on all listed markets
· Trade crypto with leverage
· Ability to go short or long
· $20 minimum deposit when using an e-wallet or debit/credit card
· Superb mobile app for Android and iOS
