Business Spotlight

5 Best Crypto Exchanges And Trading Platforms Philippines

We’ve tested over 40 exchanges to find the best options for crypto traders and investors living in the Philippines. Below is the result and our top recommendations.


Best crypto exchange and trading platform Philippines

Our team of crypto experts consisting of Robert, Charles, and Rebecca has analyzed and reviewed the best crypto exchanges and trading platforms in the Philippines. They have curated a list of the top 6 platforms that passed the test when it comes to security, user-friendliness, customer reviews, number of cryptocurrencies, and above all, the platform features.

We’ve tested over 40 exchanges to find the best options for crypto traders and investors living in the Philippines. Below is the result and our top recommendations.

Top crypto exchanges and trading platforms Philippines list





1. BYDFi 

  • Best for investing and trading 



2. BingX 

  • Good social trading platform 


3. Phemex 

  • Top crypto app 


4. Coinbase 

  • Best for long-term investing 


5. Binance 

  • Best altcoin exchange 


(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)

Key takeaways

  • BYDFi is recognized as the best crypto exchange in the Philippines for its comprehensive features and global acclaim.
  • From BingX's social trading to Phemex's mobile-centric approach, there's an exchange for every Filipino trader's need.
  • Cryptocurrencies aren't legal tender but are regulated by the Bangko Sentral ng Pilipinas for safety and compliance.


What is the best crypto exchange and trading platform in the Philippines?

When reviewing different crypto exchanges, our team follows a strict review method which we explain more about further down in this article. In the list below are some of the most important data points analyzed while looking at the different crypto exchanges in this guide:

  • Deposits and withdrawals
  • Supported cryptocurrencies
  • User interface
  • Customer satisfaction
  • Fees
  • Trading interface
  • Support
  • Deposit methods
  • Security and regulation

1. BYDFi - Best crypto exchange overall in Philippines


Rating 9.8/10


BYDFi, formerly known as BitYard, stands out as the best crypto exchange and trading platform in the Philippines.. Established in 2020, it has quickly gained global recognition for its user-friendly interface and extensive crypto conversion tools. With its motto "BUIDL Your Dream Finance," BYDFi encourages community participation in blockchain advancements.

Offering both classic and advanced exchanges, BYDFi caters to both beginners and seasoned traders. With access to around 400 cryptocurrencies and over 600 trading pairs, including fiat currencies, it has grown in popularity since its inception.


  1. Inclusive Approach:
  2. Diverse Cryptocurrency Selection
  3. Dual Licenses
  4. Forbes Recognition
  5. Streamlined Deposits and Withdrawals


  1. Withdrawal Fees:
  2. No Wire Transfers
  3. Private Key Access

Why we chose it

BYDFi's dedication to empowering traders is evident in its offerings. One of its standout attributes is its inclusive approach, ensuring that both beginners and experienced traders have the tools they need.

The platform's recognition by Forbes as one of the top ten best cryptocurrency exchanges further solidifies its position in the industry, showcasing its commitment to providing a secure and innovative trading experience.



  • Advanced Technical Analysis Tools
  • Mobile Trading App
  • Customizable Dashboard
  • Multi-language Support
  • Cold and Hot Wallet Balance
  • Advanced Order Types
  • USDT-M Trading
  • Customer Suppor
  • Regulatory Compliance


Transaction Type 


Spot Trading 

0.1% to 0.3% (maker and taker) 

Overnight Fee 

Calculated as margin * leverage * 0.045% * days 


No fees 


Flat fee (varies based on network congestion) 


2. BingX - Top crypto copy trading platform in Philippines


Rating 9.6/10


BingX stands out as the best crypto copy and social trading platform in the Philippines, offering a unique and innovative exchange experience. Designed for Filipino traders who are keen on copy trading crypto, BingX connects users with elite traders to optimize investment outcomes.


Unlike other platforms where traders often feel isolated, BingX's superior analytics and crypto social trading network ensure that users are never alone in the vast crypto ocean.

With its advanced features, competitive fees, and a strong emphasis on copy trading, BingX is the go-to platform for both novice and experienced traders in the Philippines.


  1. Elite Trader Connection
  2. Superior Analytics
  3. Extensive Fiat Support
  4. Perpetual Swap Feature
  5. User-Friendly Interface


  1. Third-Party Fiat Protocols
  2. Limited Customization
  3. Potential for Copy Trading Missteps

Why we chose it

What truly sets BingX apart is its commitment to innovation and user empowerment. While many platforms offer copy-trading as a mere add-on, BingX has integrated it as a core feature, ensuring users get the best copy-trading experience. This dedication to user-centric features, combined with its low fees, makes BingX a standout choice for our review.



  • Crypto Social Trading Network
  • Intuitive User Interface
  • 24/7 Customer Support
  • Advanced Copy-Trading Analytics
  • Perpetual Swap
  • Tiered Authentication
  • Mobile App
  • User Account Security
  • Affiliate Program
  • Educational Blog


Trading Pair 

Maker Fee 

Taker Fee 











3. Phemex - Top No KYC crypto exchange in Philippines


Rating 9.5/10


Phemex stands out as the best No KYC crypto trading platform in the Philippines, tailored for Filipino traders who seek a anonymous trading experience. With its user-friendly interface and robust security features, Phemex ensures that trading crypto without KYC on the go is both efficient and secure. Whether you're a beginner or an expert, Phemex has got you covered.



  1. Continuous Innovation
  2. High Liquidity
  3. Flexible Staking Options
  4. Integrated News Feed
  5. Diverse Order Types


  1. Limited Fiat Options
  2. Newer Player
  3. Mobile-First Approach
  4. Variable Liquidity

Why we chose it

What truly sets Phemex apart is its commitment to community growth and education. They frequently engage with their user base, gather feedback, and make iterative improvements. This proactive approach ensures that the platform remains up-to-date with the needs of its users.

Furthermore, their proactive approach to community engagement, where they actively seek feedback and iterate upon it, showcases a brand that genuinely cares about its user base. This combination of technological prowess and genuine user engagement makes Phemex a platform we wholeheartedly endorse.


Platform features

  • Advanced Charting Tools
  • Spot and Contract Trading
  • Quick Fiat to Crypto Conversion
  • Customizable Dashboard
  • Multi-Signature Wallets
  • Price Alerts
  • API Integrations
  • Social Trading Features
  • Regular Updates
  • Cross-Platform Trading


User level 

My Last 30-day Volume (USD) 

Maker fee 

Taker fee 


(0.0000, 5.00M) 




[5.00M, 10.00M) 




[10.00M, 25.00M) 




[25.00M, 50.00M) 




[50.00M, 150.00M) 




[150.00M, 300.00M) 



Star VIP 

300M+ & API<=10% 




[300M+ ~ 0.5% total volume) & 70%Maker 




[0.5% total volume , ~∞) & 70%Maker 




4. Coinbase - Top exchange for investing in crypto in Philippines


Rating 9.2/10


Coinbase stands out as the premier cryptocurrency exchange for Filipino investors keen on diving into the world of digital assets. As the best exchange to invest in crypto in the Philippines, Coinbase offers a seamless blend of user-friendliness, robust security measures, and a diverse range of supported cryptocurrencies. Whether you're a seasoned trader or a newbie, Coinbase provides the tools and resources to make your crypto journey smooth and profitable.


  1. High Liquidity
  2. Educational Resources
  3. Advanced Security Features
  4. User-Friendly Mobile App
  5. Diverse Cryptocurrency Selection


  1. Higher Fees for Small Transactions
  2. Limited Payment Options
  3. Customer Service Delays

Why we chose it

One of the standout features of Coinbase that often goes under the radar is its commitment to education. The platform's "Learn" section offers users the chance to earn crypto by learning about it. This unique approach not only empowers users with knowledge but also provides them with a hands-on experience of handling cryptocurrencies.



  • Cold Storage
  • Coinbase Earn
  • Recurring Buys
  • Coinbase Card
  • Vault Protection
  • Instant Buy
  • Mobile Wallet
  • Price Alerts



Taker Fee 

Maker Fee 




























5. Binance - Top platform for altcoin investing in Philippines

Rating 8.9/10


Binance stands out as the world's leading crypto exchange by trading volume, making it the best altcoin exchange in the Philippines. Catering to millions globally, Binance offers the opportunity to buy and sell over 500 crypto assets at competitive fees.

While its vast array of features might seem daunting to newcomers, Binance ensures a smooth onboarding process with a plethora of resources to guide users. With its commitment to security, low fees, and extensive asset support, it's no wonder Filipino traders consider Binance their top choice for altcoin trading.



  1. Cold Storage
  2. Proof of Reserves
  3. Diverse Trading Tools
  4. Access to DeFi Services
  5. Extensive Cryptocurrency Support


  1. Complex UI
  2. Regulatory Challenges
  3. Past Security Breach
  4. Potential Overwhelming Features for Newbies

Why we chose it

Binance's commitment to transparency and security is commendable. One aspect that particularly stands out is their "Proof of Reserves" feature. This allows users to verify that the assets in their accounts are genuinely held on the exchange using a Merkle tree. Such a feature not only enhances trust but also showcases Binance's dedication to its user base.


  1. Cold Storage
  2. Proof of Reserves:
  3. Diverse Trading Tools
  4. DeFi Services
  5. Mobile App
  6. Security Audits
  7. Insurance
  8. Binance Smart Chain
  9. Diverse Deposit Methods



30d Trade Volume (BUSD) 


BNB Balance 

Maker / Taker 

Maker / Taker (BNB 25% off) 

Regular User 

< 1,000,000 BUSD 

≥ 0 BNB 

0.1000% / 0.1000% 

0.0750% / 0.0750% 

VIP 1 

≥ 1,000,000 BUSD 

≥ 25 BNB 

0.0900% / 0.1000% 

0.0675% / 0.0750% 

VIP 2 

≥ 5,000,000 BUSD 

≥ 100 BNB 

0.0800% / 0.1000% 

0.0600% / 0.0750% 

VIP 3 

≥ 20,000,000 BUSD 

≥ 250 BNB 

0.0420% / 0.0600% 

0.0315% / 0.0450% 

VIP 4 

≥ 100,000,000 BUSD 

≥ 500 BNB 

0.0420% / 0.0540% 

0.0315% / 0.0405% 

VIP 5 

≥ 150,000,000 BUSD 

≥ 1,000 BNB 

0.0360% / 0.0480% 

0.0270% / 0.0360% 

VIP 6 

≥ 400,000,000 BUSD 


≥ 1,750 BNB 

0.0300% / 0.0420% 

0.0225% / 0.0315% 

VIP 7 

≥ 800,000,000 BUSD 

≥ 3,000 BNB 

0.0240% / 0.0360% 

0.0180% / 0.0270% 

VIP 8 

≥ 2,000,000,000 BUSD 

≥ 4,500 BNB 

0.0180% / 0.0300% 

0.0135% / 0.0225% 

VIP 9 

≥ 4,000,000,000 BUSD 

≥ 5,500 BNB 

0.0120% / 0.0240% 

0.0090% / 0.0180% 

What is a Philippine crypto exchange?

A Philippine crypto exchange is a specialized platform designed for Filipinos, enabling them to buy, sell, and trade popular cryptocurrencies such as Bitcoin and Ethereum.

From my experience with various exchanges, it's evident that those based in the Philippines have a unique edge. They seamlessly integrate with local banks and payment systems, ensuring faster and more efficient transactions for users. Additionally, they offer competitive trading fees and have interfaces that are user-friendly and attuned to the preferences of Filipinos.


One of the most distinguishing features of Philippine crypto exchanges is their commitment to catering to local needs. This is evident in their provision of customer support in Tagalog and their promotions that resonate with Filipino traditions and festivities.

How do you buy crypto in Philippines?

In the Philippines, purchasing cryptocurrency has become increasingly straightforward due to the rise of numerous local platforms catering to the needs of Filipino investors.

Here's a step-by-step guide based on my personal experience and extensive research:

  1. Choose a Reliable Platform
  2. Sign Up and Verify
  3. Deposit Funds
  4. Purchase Cryptocurrency
  5. Safe Storage

Consider transferring your cryptocurrency to a private wallet for added security. Hardware wallets like Ledger and Trezor are popular choices.


Is crypto a legal tender in Philippines?

Cryptocurrencies, including Bitcoin and Ethereum, have garnered significant attention worldwide, and the Philippines is no exception. From a user's perspective, understanding the legal status of crypto in the country is crucial.

Based on my extensive research and firsthand experience in the crypto landscape, it's essential to note that as of now, cryptocurrencies are not considered legal tender in the Philippines. This means that while you can use them for various transactions, merchants and service providers are not obligated to accept them as a form of payment.

However, this doesn't imply that crypto activities are illegal. The Bangko Sentral ng Pilipinas (BSP), the country's central bank, has issued guidelines on virtual currency exchanges operating in the Philippines. These guidelines ensure that these platforms operate within a regulated environment, emphasizing consumer protection and prevention of money laundering.


Pros and cons of investing in Crypto

Cryptocurrencies, often hailed as the future of finance, have garnered significant attention and debate. From my extensive research and personal experience in the crypto realm, I've observed both the allure and the cautionary tales associated with these digital assets.

One of the primary advantages of investing in cryptocurrencies is the potential for high returns. For instance, Bitcoin, the pioneer of cryptocurrencies, has seen exponential growth since its inception. This growth is not just limited to Bitcoin; many altcoins have also showcased impressive returns.

The decentralized nature of cryptocurrencies sets them apart from traditional currencies, offering a level of transparency and security that is unmatched by conventional financial systems. Additionally, the blockchain technology underlying cryptocurrencies has been lauded for its potential to revolutionize various sectors, from finance to healthcare.


The volatility of cryptocurrency prices is one of the most significant concerns. I've witnessed days where the value of certain cryptocurrencies has plummeted by over 20%. Such fluctuations can be nerve-wracking for investors.

Our review methodology

At the heart of our reviews is you, the user. We approach every product or service from a user's perspective, ensuring that our insights resonate with your real-world experiences. Our team comprises experts in various fields, bringing in-depth knowledge to the table.

Here's a glimpse into our methodology:

  • Expertise & Authenticity
  • Quantitative Measurements
  • Comparison & Distinction
  • Pros & Cons
  • Evolution & Improvement
  • Design & Impact
  • Best Recommendations
  • Comprehensive Lists

Trust in our methodology, for it's crafted with your best interests at heart.



What is a legit crypto exchange in the Philippines?

The Philippines has several legitimate crypto exchanges, with being one of the most recognized. Always ensure to check with the Bangko Sentral ng Pilipinas (BSP) for a list of licensed exchanges.

What is the legal crypto trading platform in the Philippines?

Legal crypto trading platforms in the Philippines are those registered with the BSP. and PDAX are examples, but always refer to the BSP's official list for assurance.

Is Binance legal in Philippines?

Binance is not registered with the BSP, making its operations in the Philippines unofficial. However, always check current regulations and updates from the BSP.


Is Philippines crypto friendly?

Yes, the Philippines is relatively crypto-friendly, with the BSP providing guidelines for crypto exchanges.

Where can I withdraw crypto in Philippines?

You can withdraw crypto from licensed exchanges like, which offers direct PHP conversions and allows transfers to local banks. Ensure the platform you choose is BSP-approved.

Which Philippine Bank support cryptocurrency?

Several Philippine banks are open to cryptocurrency, but it's essential to check with individual banks about their specific policies. Banks like UnionBank have shown interest in blockchain and crypto innovations.

What is the most popular crypto in the Philippines?

Bitcoin remains the most popular cryptocurrency in the Philippines, but altcoins like Ethereum and Ripple are also gaining traction.



Navigating the world of cryptocurrency can be daunting, especially with the plethora of exchanges available today. However, with the right guidance and information, Filipino traders and investors can make informed decisions that align with their financial goals.

Our comprehensive review of the top crypto exchanges and trading platforms in the Philippines is designed to provide clarity and direction. From security features to user experience, we've delved deep into each platform's offerings, ensuring you have all the information you need at your fingertips.

Whether you're a seasoned trader or just starting out, our list offers a mix of platforms catering to diverse needs.


About the authors

Our team, consisting of Robert, Charles, and Rebecca, brings together a wealth of experience and expertise in the cryptocurrency realm.

Robert, with a background in blockchain technology, has been an active participant in the crypto community for over a decade.

Charles, a financial analyst, has been advising on crypto investments for years, helping many navigate the volatile waters of digital currencies.

Rebecca, a tech journalist, has been covering the advancements and trends in the crypto world, ensuring that readers are always in the loop.

Together, we are dedicated to providing accurate, comprehensive, and user-centric reviews, ensuring that our readers have the best tools and knowledge to make informed decisions in the crypto space.