The cryptocurrency market in the Philippines has seen significant growth, driven by a tech-savvy population and increasing digital adoption. With numerous exchanges available, selecting the best one can be challenging. This article highlights the top crypto exchanges in the Philippines for 2025, focusing on platforms that are secure, user-friendly, and compliant with local regulations. Based on thorough research, user feedback, and key criteria like fees, security, and local currency support, we identify the best options for Filipino traders.
Key Criteria for Choosing a Crypto Exchange
To determine the best crypto exchange, we evaluated platforms based on the following factors:
- Security: Robust measures like two-factor authentication (2FA), cold storage, and proof-of-reserves.
- Fees: Competitive trading fees and transparent cost structures.
- Local Currency Support: Support for PHP deposits and withdrawals via methods like GCash, Maya, and bank transfers.
- Regulation: Compliance with Bangko Sentral ng Pilipinas (BSP) as a licensed Virtual Asset Service Provider (VASP).
- Ease of Use: Intuitive interfaces and mobile apps for seamless trading.
- Asset Variety: Range of supported cryptocurrencies and trading pairs.
- Liquidity: High trading volume for smooth transactions.
Top Crypto Exchanges in the Philippines
Below is a curated list of the top crypto exchanges for Filipinos in 2025, with a focus on platforms that excel in the above criteria.
1. Coins.ph (Betur Inc.)
Coins.ph is a leading name in the Philippine crypto market, known for its accessibility and comprehensive services. Licensed by the BSP since September 2017, it combines crypto trading with financial services like remittances and bill payments.
- Pros:
- Supports popular cryptocurrencies like Bitcoin, Ethereum, XRP, and Bitcoin Cash.
- Offers PHP deposits via GCash, Maya, and bank transfers.
- User-friendly mobile app with real-time tracking and QR payments.
- High trading volumes through its TradeDesk platform.
- Cons:
- Limited advanced trading features compared to global exchanges.
- Fees may be higher for smaller transactions.
- Why Choose Coins.ph?: Ideal for beginners and those seeking a trusted, locally-focused platform with seamless PHP integration.
2. PDAX (Philippine Digital Asset Exchange)
PDAX is a BSP-licensed exchange (September 2018) that powers GCrypto, the crypto platform for GCash. It supports over 70 cryptocurrencies and offers PHP-based trading.
- Pros:
- Wide range of cryptocurrencies, including exclusive tokens via PDAX Prime.
- Seamless PHP deposits and withdrawals through GCash and bank transfers.
- Strong regulatory compliance as a BSP-licensed VASP.
- User-friendly interface for both web and mobile.
- Cons:
- Fewer trading pairs compared to global giants like Binance.
- Limited leverage options for advanced traders.
- Why Choose PDAX?: Perfect for users integrated into the GCash ecosystem and those prioritizing local compliance.
3. Bybit
Bybit is a global exchange with strong appeal in the Philippines due to its Filipino language support and PHP payment options. It handles high trading volumes and offers a wide range of features.
- Pros:
- Supports 715 cryptocurrencies with competitive fees (0.1% spot, 0.02%/0.055% futures).
- PHP deposits via Coin.ph, GoTyme Bank, and other local methods.
- Advanced features like 100x leverage, TradingView integration, and demo accounts.
- P2P marketplace for trading directly with Filipinos.
- Cons:
- No direct PHP withdrawals.
- Complex interface for beginners.
- Why Choose Bybit?: Suits active traders seeking low fees and advanced tools, with strong local payment support.
4. Binance
Binance is the world’s largest crypto exchange, offering an extensive selection of features and cryptocurrencies. It supports over 350 cryptocurrencies and thousands of trading pairs.
- Pros:
- Highly competitive fees (0.1% standard, lower with BNB payments).
- Supports PHP deposits via multiple methods.
- Features include staking, futures (up to 125x leverage), and P2P trading.
- High liquidity ensures smooth trading.
- Cons:
- Overwhelming for new users.
- Past regulatory challenges and a 2022 hack (though funds were covered).
- Why Choose Binance?: Best for experienced traders seeking a comprehensive platform with high liquidity.
5. Maya Philippines, Inc.
Maya Philippines, formerly PayMaya, is a BSP-licensed VASP (December 2021) that integrates crypto trading with digital banking services.
- Pros:
- Supports PHP deposits via Maya’s ecosystem and bank transfers.
- Combines crypto trading with micro-investments and traditional banking.
- User-friendly for Filipinos already using Maya’s services.
- Strong regulatory compliance.
- Cons:
- Limited cryptocurrency selection compared to global exchanges.
- Fewer advanced trading options.
- Why Choose Maya?: Great for users seeking an all-in-one financial platform with crypto capabilities.
Why Choose a BSP-Licensed Exchange?
The BSP regulates crypto exchanges as VASPs, ensuring compliance with anti-money laundering (AML) laws and consumer protection standards. Using a licensed exchange offers:
- Enhanced Security: Licensed platforms implement robust measures like 2FA and cold storage.
- Legal Protection: Greater recourse in case of disputes.
- Trust and Transparency: Compliance with BSP regulations builds user confidence.
- Local Relevance: Support for PHP and local payment methods like GCash and Maya.
As of January 2025, the BSP’s moratorium on new VASP applications (since August 2022) underscores the importance of choosing established, licensed platforms like Coins.ph, PDAX, and Maya.
Tax Considerations for Crypto Trading
Crypto trading in the Philippines is subject to taxation:
- Capital Gains: Up to 15% tax on profits from crypto sales.
- Income from Mining or Services: Taxed as regular income.
- Record-Keeping: Maintain transaction records and report gains using BIR forms by April 15 annually.
Always consult a tax professional to ensure compliance.