Best Crypto Exchanges in The Philippines

Best Crypto Exchanges in The Philippines

Robert McDougall 

June 27, 2022

Cryptocurrency

Cryptocurrency Exchange Lists

Best cryptocurrency exchanges in The Philippines for 2022

  1. Binance – Best Crypto Exchange
  2. KuCoin – Best for Trading over 700+ Coins
  3. Kraken – Plenty of Features & Easy to Use
  4. Crypto.com – Excellent Mobile App
  5. PDAX – Best Local Crypto Exchange
  6. Gemini - The Winklevoss Twins' Company
  7. Changelly
  8. Bittrex
  9. Coinmama
  10. Localbitcoins.com
  11. Cash App
  12. Skrill crypto options

Best cryptocurrency exchanges in The Philippines for 2022

  • Binance – Best Crypto Exchange
  • KuCoin – Best for Trading over 700+ Coins
  • Kraken – Plenty of Features & Easy to Use
  • Crypto.com – Excellent Mobile App
  • PDAX – Best Local Crypto Exchange
  • Gemini - The Winklevoss Twins' Company
  • Changelly
  • Bittrex
  • Coinmama
  • Localbitcoins.com
  • Cash App
  • Skrill crypto options

Best cryptocurrency exchanges in The Philippines for 2022

ExchangeRatingFees
Binance
9.90.30%
KuCoin9.80.20%
Kraken9.60.30%
Crypto.com9.40.50%
PDAX9.41.30%
Gemini90.80%
Changelly8.80.10%
Bittrex8.50.30%
Coinmama8.40.90%
Localbitcoins.com8.30.60%
Cash App7.60.35%
Skrill crypto options72.20%

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 trust that you will find a suitable crypto exchange on this page.

Best Crypto Exchanges in The Philippines for 2022

  1. Binance Exchange - Best overall in the Philippines: lowest fees and 600+ coins
  2. KuCoin Exchange - Best for serious traders
  3. Kraken Exchange - Best for beginners
  4. Crypto.com App - Best for staking
  5. PDAX Exchange - Best Filipino exchange

To find the best exchange depends on what you are looking for, and what type of crypto investor or trader you are. Are you a newcomer, or an experienced trader looking for an alternative platform? It can be a good idea to test out a few exchanges for yourself to see which one you prefer, since a top recommendation for someone else may not meet your personal needs.

Best Cryptocurrency Exchanges in the Philippines for 2022: Reviews

#1. Binance Crypto Exchange (Lowest Fees)

Binance is the #1 crypto exchange in the Philippines, and is the largest in the world, based on trading volume. Binance offers a huge range of 600+ coins, which means that you will definitely find something that you want to invest in. Some other exchanges have a small range, and it is frustrating when you want to buy a new coin that you hear has potential, and it's not supported.

Binance also boasts the lowest trading fees in the Philippines. Each trade is only 0.1%, and this can be reduced simply by paying with Binance's own coin, BNB (which can be  easily purchased on the platform). This entitles users to a 25% discount, making each trade only 0.075%! This gives you more money to invest in crypto, instead of being wasted on fees. If you compare 0.075% to Kraken's instant buy fees of 1.5%, you can see that you are spending 20x as much on fees with Kraken!

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 I hear from Filipino users is that Binance lacks customer support. If you have any issues with your account, you cannot contact them via 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

#2. KuCoin Crypto Trading Platform (Best for Serious Traders)

KuCoin is our recommended cryptocurrency site for those who have experience with trading. It is not ideal for beginners because there are no fiat deposits or withdrawals accepted on KuCoin. This means you cannot sell your crypto and withdraw and money into your bank account because KuCoin is built for trading between cryptocurrencies.

There are over 700+ different coins on offer to trade, and there is even an automated trading bot that you can use to conduct transactions for you at all times of the day. Like Binance, there are also many additional trading markets, such as margin trading, futures trading, and P2P marketplace.

KuCoin has low trading fees of 0.1%, which can be reduced by 20% if you pay using their native coin (KCS), making it a very competitive 0.08%. Frequent traders will enjoy seeing their savings stack up, since the fees are much lower than Kraken when trading on the market. Kraken charges 0.16/0.26% for makers and takers, which is 2x KuCoin's fee for makers, and more than 3x for takers.

  • More than 700+ 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

#3. Kraken Cryptocurrency Exchange (Best for Beginners)

Kraken has a very simple and easy to use interface, as well as 24/7 live chat support in case you run into any troubles. This makes it the ideal exchange for beginners that want to get started with investing in cryptocurrencies. You don't have to worry about getting lost among confusing charts when you have a basic layout, and the customer support available at all times.

Kraken offers 185 coins, and while it isn't as impressive a collection as Binance or KuCoin, it is still a decent range for those that are just getting started. Beginners will find all the popular coins that they have heard of, such as BTC, ETH, ADA, LTC and SOL.

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 185 cryptocurrencies
  • Trading fees of 0.16/0.26% maker/taker
  • Instant buy or sell crypto for 1.5%
  • Stake your crypto to earn interest 

#4. Crypto.com App (Best for Staking)

Crypto.com is the perfect cryptocurrency app for your mobile. It is intuitive and offers more than 250+ different coins, with the option to earn interest by staking more than 40+ coins. The interest can go as high as 14.5%, and this varies depending on several factors, such as the coin you choose, how long you choose to stake for, and whether you have staked any of Crypto.com's native coin (CRO). 

Cronos, or CRO is available to purchase on the app, and it has some excellent benefits that make it worth staking. When you stake CRO on the mobile app, you receive up to 12% APR, a premium metal Visa card, where you receive up to 8% cashback on purchases (paid in CRO), rebates on subscriptions (Netflix, Spotify) and bookings (Expedia, Airbnb), and higher APR in Crypto Credit and Crypto Earn.

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 8% 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

#5. PDAX Crypto Platform (Best Filipino Exchange)

PDAX is the best option for those who are looking for a local crypto exchange. It is regulated by BSP, unlike the global crypto platforms, and allows direct purchase of crypto using PHP. 

The downside is that PDAX is a very basic platform, and only offers 14 coins at the time of writing. The fees are also higher than the top exchanges, with maker fees of 0.4% and taker fees of 0.5%. It is a suitable exchange for beginners, but I would suggest Kraken as a better alternative for newcomers, due to a larger range of 185+ coins, and higher levels of security.

  • Local Filipino exchange, regulated by BSP
  • Buy cryptocurrencies using PHP
  • 0.4% maker fees, 0.5% taker fees
  • Only 14 different coins available

Frequently Asked Questions

Is crypto trading legal in the Philippines?

Yes, cryptocurrencies are legalised 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 cryptocurrency trading platform for Filipinos due to low fees, and huge range of 600+ coins. Sign up here.

Can I use Coinbase in the Philippines?

While Coinbase is accessible in the Philippines, the fees are very high and therefore we do not recommend it as a crypto exchange. Coinbase is very beginner-friendly, but we suggest using Kraken instead, if you are looking for something suitable for newbies.

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 investing in crypto is risky, and you should never invest more than you can afford to lose.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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