Buy Bitcoin

An exclusive list of the best exchanges to buy bitcoin.
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Buy Crypto & Bitcoin in Philippines

Key Takeaways
1 There are dozens of exchanges to buy bitcoins in the Philippines.
2 Coinmama, Coinaga and prepaidbitcoin.ph are three of the best exchanges.
3 Most PH exchanges are online, however you can also buy in the Philippines with cash at ATMs.




BuyBitcoin.ph BuyBitcoin.ph

BuyBitcoin.ph's brokerage service is the easiest way to purchase bitcoins in the Philippines. The interface is very easy to use for first-time buyers. You can use cash or various online payment methods.

Pros
  • Easiest way to buy bitcoin in the Philippines
  • Exchange is run by popular remittance service, coins.ph
Cons
  • Rates won't be as good as the trading exchanges in the Philippines
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Ease of Use
Easy
privacy icon
Privacy
Average
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
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Limits
High

prepaidbitcoin.ph prepaidbitcoin.ph

Prepaidbitcoin.ph is a unique Bitcoin service in the Philippines. They sell vouchers from 2 physical locations in Makati City, these vouchers can be redeemed online for bitcoins. Vouchers may also be bought online via Gamex.ph, using Smart or Sun mobile payments.

Pros
  • Easy way to buy bitcoins in the Philippines
  • Run by the same company as popular remittance service, coins.ph
Cons
  • Rates are not as good as buying directly from coins.ph
ease icon
Ease of Use
Easy
privacy icon
Privacy
Average
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
Low

Coinage Coinage

Coinage was the first Bitcoin exchange geared towards traders in the Philippines. You can fund your account via bank transfer or cash deposit.

Pros
  • High liquidity
  • 24/7 support staff
  • Deep liquidity ensures you get a fair market price
Cons
  • Highest fees among trading exchanges in the Philippines
  • Not a private way to buy bitcoins; identity verification required
  • Limited payment options
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin ATMs Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

View Bitcoin ATM Map
Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
ease icon
Ease of Use
Easy
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
High
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin & Cryptocurrency Trading in Philippines

The Philippines economy is often referred to as "The Tiger Cub Economy."(2) Until very recently, the economy of the Philippines has been based on the agricultural sector. Now, it is one of the fastest growing economies in the world, based mostly on exports of semiconductors and electronic parts, copper and petroleum products.(1)


how to buy bitcoin in Philippines

In the summer of 2020, the Philippines central bank approved 16 cryptocurrencies exchanges, paving the way for a true boom in the markets there.(3)

In 2021, Chainalysis released what it called the Global Crypto Adoption Index. This report showed that the global crypto adoption has taken off in the last year, up 881%. The report ranked 154 countries based on several metrics including total crypto activity weighted by purchasing power parity per capita. The Philippines ranked in the top 20 with a score of .16.(4)

In November 2022, Union Bank of the Philippines launched a pilot program for Bitcoin and Ether custody. They are also allowing trading services for some retail customers.(5)


Global Crypto Adoption Index 2021

If you are living in the Philippines and are interested in joining the Bitcoin revolution yourself, one of the easiest ways to buy Bitcoin is through the cryptocurrency exchanges outlined above. Select the exchange based on your requirements and preferences because different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before selecting one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet).

Another option for Buying Bitcoins in the Philippines is through peer-to-peer exchanges like LocalBitcoins. On platforms like these, users buy and sell with other individuals directly. More on how these work in Chapter 5.

Exchange Hacks and Crypto Scams in Philippines

As of January of 2021, we could find no exchange hacks or significant scams affecting Philippines or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Philippines.

FAQ

Does Coinbase work in Philippines?

A: Coinbase ONLY allows crypto to crypto conversions for Philippines residents as of January of 2021.

Where Can I Find a Bitcoin ATM in Philippines?

A: At this time, there are no Bitcoin ATMs in Philippines. You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Philippines?

A: Bitcoin prices are changing every second. The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.