Best Crypto Exchanges in the Philippines 2026: BSP-Registered Platforms

Top Exchanges in Philippines

Last updated: February 2026 | By Itai Varochik, Editor-in-Chief

The Philippines ranks in the top 10 globally for crypto adoption. The digital assets market is projected to reach $654 million in revenue by 2025, with approximately 10.55 million crypto users. Play-to-earn gaming (especially Axie Infinity) drove massive adoption among younger Filipinos.

We've tested and compared the top crypto trading platforms available to Filipino traders in 2026, evaluating each for PHP support, trading fees, security measures, available cryptocurrencies, and regulatory compliance. Here are our expert picks.

Quick Comparison: Best Crypto Exchanges in the Philippines 2026

1. Coins.ph: Best Overall Crypto Exchange in the Philippines

Why we chose it: Coins.ph is our top pick because it offers the most popular local exchange with deep PHP integration, GCash deposits, bill payments, mobile load top-up, and BSP registration ensuring regulatory compliance for Filipino traders.

Pros

• Largest local exchange with deep PHP liquidity
• GCash and Maya integration for instant deposits
• BSP-registered for full regulatory compliance
• Bill payments and mobile load top-up built in
• 90+ cryptocurrencies available

Cons

• Higher fees compared to global exchanges
• Interface can overwhelm beginners
• KYC verification can take 1-3 days during peak periods

2. PDAX: Best for Beginners in the Philippines

Why we chose it: PDAX stands out because it provides BSP-regulated direct PHP trading pairs, clean mobile interface, real-time price alerts, and unique access to tokenized Philippine government treasury bonds alongside 50+ cryptocurrencies.

Pros

• Intuitive, beginner-friendly interface
• Direct PHP deposits and withdrawals
• BSP-registered with strong regulatory compliance
• Access to tokenized government treasury bonds

Cons

• Smaller cryptocurrency selection
• Higher trading fees than global platforms
• Limited advanced trading features

3. Binance: Lowest Fees for Filipino Traders

Why we chose it: Binance offers 0.1% base spot trading fees reducible with BNB, zero deposit fees, P2P platform supporting PHP through local payment methods, and the deepest global liquidity pool.

Pros

• Lowest trading fees with BNB discounts
• 350+ cryptocurrencies available
• P2P trading with PHP support
• Advanced trading features including futures

Cons

• Not BSP-registered in the Philippines
• Customer support response times can be slow
• Complex interface for beginners

How to Choose a Crypto Exchange in the Philippines

Regulatory Compliance

The Philippines regulates crypto exchanges through BSP registration as Virtual Currency Exchange (VCE) providers. In 2026, the SEC is introducing additional licensing requirements including minimum capital of ₱100 million and enhanced AML compliance.

Payment Methods and PHP Support

The best exchanges support Bank transfers (BDO, BPI, Metrobank), e-wallets (GCash, Maya/PayMaya), over-the-counter (7-Eleven, Cebuana Lhuillier), credit/debit cards, and P2P trading.

Security Features

Essential security measures include 2FA, cold storage, withdrawal whitelisting, anti-phishing codes, and proof of reserves.

Local Crypto Exchanges in the Philippines

Coins.ph (oldest Filipino exchange, 90+ cryptos, GCash integration, bill payments), PDAX (BSP-regulated, PHP trading pairs, tokenized treasury bonds)

Global Exchanges Available in the Philippines

Binance (P2P with PHP, 350+ coins, lowest fees), Bybit (advanced trading, leverage), MEXC (2000+ tokens, zero maker fees), Kraken (institutional-grade security), Coinbase (beginner-friendly, publicly traded)

Crypto Regulations in the Philippines

Regulatory Authority: Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC)

The Philippines regulates crypto exchanges through BSP registration as Virtual Currency Exchange (VCE) providers. In 2026, the SEC is introducing additional licensing requirements.

Tax Implications

Crypto trading profits are subject to income tax at graduated rates (0-35%). Capital gains from selling crypto held as capital assets may be subject to a flat 15% capital gains tax. The BIR requires declaration of crypto gains in annual tax filings.

How to Buy Crypto in the Philippines: Step-by-Step

1. Choose an exchange: Select a platform from our recommendations above.
2. Create an account: Register and enable 2FA immediately.
3. Complete KYC verification: Upload a government-issued ID for identity verification.
4. Deposit PHP: Fund via Bank transfers (BDO, BPI, Metrobank), GCash, Maya, 7-Eleven, or P2P trading.
5. Buy cryptocurrency: Navigate to trading and execute your purchase.
6. Secure your crypto: Consider a hardware wallet for long-term holdings.

Safety Warning

⚠️ Risk Disclosure: Use BSP-registered exchanges when possible for regulatory protection. Be cautious with unregistered platforms. Always verify exchange licensing status on the BSP website before depositing funds.

Cryptocurrency trading involves significant risk. Never invest more than you can afford to lose. This guide is for informational purposes and does not constitute financial advice.

Methodology: Our rankings are based on hands-on testing across fees, security, PHP support, available cryptocurrencies, user experience, and regulatory compliance. Read our full methodology.

Read Our Full Reviews

• Binance Review 2026: Score: 8.8/10
• Bybit Review 2026: Score: 7.9/10
• Coinbase Review 2026: Score: 8.5/10
• Kraken Review 2026: Score: 8.3/10
• MEXC Review 2026: Score: 7.4/10
• OKX Review 2026: Score: 8.1/10
• KuCoin Review 2026: Score: 7.6/10

Crypto Regulations in Philippines

The Philippines regulates crypto exchanges through BSP registration as Virtual Currency Exchange (VCE) providers. In 2026, the SEC is introducing additional licensing requirements including minimum capital of ₱100 million and enhanced AML compliance. Crypto trading profits are subject to income tax at graduated rates (0-35%).

Frequently Asked Questions