Cryptocurrency has become much more mainstream in recent years, and many Filipinos want to join in but are unsure where to start. There are lots of crypto exchanges online, but which ones are legal to use in the Philippines, which ones are trustworthy, and which give you the best features at a low cost? Here at Marketplace Fairness we help you sift through all the scam sites, and deliver you information about trusted and personally tested crypto platforms so you can begin trading crypto.
We continually update our site with up-to-date information, so you can trust that what you read is accurate and reliable. We hope that you will find a suitable crypto exchange on this page.
| # | Platform | Best for | Highlights | |
|---|---|---|---|---|
| 1 | BinanceBest overall | Best overall | 600+ coins, largest by volume | Visit |
| 2 | KuCoinSerious traders | Serious traders | 1,000+ coins, advanced tools | Visit |
| 3 | KrakenBest for beginners | Beginners | Simple UI, 24/7 support | Visit |
| 4 | Crypto.comBest for staking | Staking | 250+ coins, up to 14.5% staking | Visit |
| 5 | BitgetFrequent traders | Frequent traders | Low fees, 450+ coins, copy trading | Visit |
| 6 | PDAXBest local exchange | Local exchange | BSP-regulated, buy with PHP | Visit |
Best overallBinanceThe world’s largest exchange and #1 in the Philippines, with 600+ coins.
Serious tradersKuCoin1,000+ coins and advanced tools — built for experienced crypto traders.
Best for beginnersKrakenA simple, secure exchange with 24/7 live chat — ideal for first-timers.
Best for stakingCrypto.comA top mobile app with 250+ coins and staking rewards up to 14.5%.
Frequent tradersBitgetLow fees, 450+ coins and copy trading for high-volume traders.
Best local exchangePDAXA BSP-regulated Filipino exchange — buy crypto directly with PHP.
1Binance
Binance offers basic instant buy/sell functionality for complete beginners, as well as spot trading. If you are more experienced, you will enjoy the advanced features available, such as futures, margin trading, crypto lending, NFT marketplace, and P2P marketplace.
One criticism that we hear from Filipino users is that Binance lacks customer support. If you have any issues with your account, there is no email or live chat. However, you can use the automated bot which can assist with the most frequently encountered issues.
- Huge range of 600+ coins available
- Very low trading fees of 0.1% which can be reduced to 0.075% if you pay using BNB
- Offers a wide range of advanced features, such as futures trading, crypto lending, staking, NFT marketplace, and P2P marketplace
- High liquidity due to large trading volume
Related articles:Binance vs KuCoin, Binance vs Bitget, Binance vs Kraken
Pros
- #1 in the Philippines and largest exchange by volume
- 600+ cryptocurrencies
- Low 0.1% trading fees
- Spot, margin and futures markets
- Many fiat options and a P2P market
Cons
- Can be overwhelming for total beginners
- Customer support can be slow
2KuCoin
- More than 1,000+ coins available to trade
- Low trading fees of 0.1% which can be discounted by 20% if paid using KCS
- Free trading bot to automate your strategy
- Additional features include futures trading, margin trading, crypto lending and P2P marketplace
Related articles: KuCoin vs Binance, KuCoin vs Kraken
Pros
- Over 1,000 cryptocurrencies
- Advanced trading tools and free bots
- Low 0.1% trading fees
- Spot, margin and futures
- Great for active traders
Cons
- No fiat withdrawals to a bank account
- Not ideal for complete beginners
3Kraken
Kraken has a fee of 1.5% for those who want a simple buy or sell option, direct from the exchange. If you prefer to spot trade on the market, the fees are considerably lower, at 0.16% for makers, and 0.26% for takers. While the fees aren’t as low as Binance or KuCoin, Kraken makes up for it with the user-friendliness and round-the-clock live chat support.
Staking is also supported on Kraken, where you can earn interest on a select number of cryptocurrencies. This means that you can buy crypto, then watch it grow as you invest in the long term. It is a great way to increase your holdings without having to do anything.
- Excellent exchange that is perfect for beginners
- Decent range of 200 cryptocurrencies
- Trading fees of 0.16/0.26% maker/taker
- Instant buy or sell crypto for 1.5%
- Stake your crypto to earn interest
Related articles: Kraken vs Binance, Kraken vs KuCoin
Pros
- Very simple, beginner-friendly interface
- 24/7 live chat support
- Strong security record
- Staking to earn interest
- Available throughout the Philippines
Cons
- Fewer coins than KuCoin or Binance
- Advanced Pro interface has a learning curve
4Crypto.com
The app is straightforward to use, for buying and selling cryptocurrencies, and the fees are included in the spread. There is no additional commission taken, so the price you see on the coin is the exact price you pay. Of course, you must remember that the spreads will be wider than on other crypto exchanges, to make up for the fact they don’t charge an additional fee. If you are unaware of this term, the spread is the difference between the buy and sell price for any given coin.
If you run into any issues, you always have the live chat support to help you, and if they are all busy, they will reply to you via email, usually within a few hours.
- Crypto.com Visa debit card with up to 5% cashback on purchases and additional benefits, such as Airport Lounge access
- Crypto.com’s own CRO coin comes with many benefits if you stake on their app
- More than 250+ cryptocurrencies on offer
- Staking on over 40+ coins, and receive up to 14.5% APY
Pros
- Excellent, intuitive mobile app
- 250+ cryptocurrencies
- Stake 40+ coins for up to 14.5% interest
- Card, derivatives and DeFi wallet
- Strong security and compliance
Cons
- Staking rates depend on lock-in period and tier
- Some features vary by region
5Bitget
Bitget has developed Bitget Academy, which is a section of their website that explains everything about the exchange. This is perfect for newcomers to crypto, as you can quickly learn about the various features, and how to use the trading interface. You will also be able to stay up to date with the latest cryptocurrency news.
Visit Bitget’s official website to see for yourself everything that is on offer. You can also read more about it in our in-depth review.
- More than 450+ coins supported
- Spot trading fees 0.1%, and futures trading fees only 0.02/0.06% (maker/taker)
- Plenty of markets and features for users of all experience levels
- Copy trading is available so you can make the exact same trades as successful traders
Related articles: Bitget vs Binance
Pros
- Low fees (0.1% spot, 0.02%/0.06% futures)
- 450+ cryptocurrencies
- Spot and futures markets
- Copy trading
- Plenty of advanced features
Cons
- Geared towards active traders
- Less suited to absolute beginners
6PDAX
- Local Filipino exchange, regulated by BSP
- Buy cryptocurrencies using PHP
- 0.4% maker fees, 0.5% taker fees
- Only 14 different coins available
Pros
- Locally regulated by the BSP
- Buy and sell directly in PHP
- Easy bank transfers for Filipinos
- Simple, straightforward platform
Cons
- Only 14 coins available
- Higher fees than the global exchanges
Frequently Asked Questions
Is crypto trading legal in the Philippines?
Yes, cryptocurrencies are legal in the Philippines, and cryptocurrency exchanges are regulated throughout the country.
Is Binance legal in the Philippines?
Yes, Binance is legal to use in the Philippines. It is our #1 recommended trading platform for Filipinos thanks to low fees and a huge range of 600+ coins.
Can I use Coinbase in the Philippines?
While Coinbase is accessible in the Philippines, the fees are very high, so we do not recommend it. Coinbase is beginner-friendly, but we suggest using Kraken instead if you want something simple and affordable.
Can Filipinos invest in Bitcoin or crypto?
Yes, Filipinos can invest in Bitcoin or other cryptocurrencies by signing up to a crypto exchange on this list. Remember that crypto is risky, and you should never invest more than you can afford to lose.