8 Best Crypto Exchanges in the Philippines (2026)

The best crypto exchanges in the Philippines

Bybit is our top pick for most people in the Philippines, especially traders who want spot, futures, options and copy trading in one app with low fees. Buying and trading crypto is legal in the Philippines through platforms registered with the BSP or the SEC, and the BSP says retail customers shouldn’t directly use offshore exchanges without that registration, so look up any exchange on the BSP Verifier before you deposit.

The next questions are practical: how you move pesos in and out, what each trade costs and which coins you can buy. Pesos usually travel by bank transfer through InstaPay or PESONet, or from an e-wallet run by a BSP-supervised e-money issuer, so check whether an exchange accepts those routes or leaves you relying on peer-to-peer trades and cards. Security records matter too: several exchanges here have been hacked, and one has withdrawals suspended right now.

1. Bybit

BBybit9/10Read reviewVisit ↗

Bybit puts almost every way to trade crypto in one account: spot trading on 380 coins, futures on 577 coins with up to 100x leverage, plus options, copy trading, trading bots and a demo account. You can start by buying Bitcoin and later try hedging or automated strategies without moving your money to another platform.

Bybit runs a large P2P marketplace covering more than 100 currencies with no trading fee, and it accepts bank transfers, cards, Google Pay and Apple Pay, with bank transfer withdrawals for cashing out. Look Bybit up on the BSP Verifier before you fund the account, because the BSP says Philippine retail customers shouldn't use offshore exchanges that aren't registered with the BSP or the SEC.

Spot trades cost 0.1% for makers and takers, futures cost 0.02% for limit orders and 0.055% for market orders, and you must verify your ID with a selfie. Bybit launched in 2018 and is based in Dubai, with co-founder Ben Zhou as CEO. Its main risk showed in February 2025, when hackers took over $1.5 billion; Bybit covered all users' funds within 72 hours, but it shows why long-term savings belong in your own wallet.

Key points

• Bybit covers spot, futures, options, copy trading and bots, so one account can grow with you.
• Spot trading costs 0.1% for makers and takers, and Bybit publishes proof of reserves so you can check deposits are backed.
• Funding runs through P2P, bank transfer or card, with bank transfer withdrawals, but check Bybit on the BSP Verifier first.

2. BingX

BBingX7.1/10Read reviewVisit ↗

Copy trading is the reason to pick BingX: it works for both spot and futures, and you can filter the traders you follow by returns or by a more careful style. The range covers 637 coins for spot trading and 569 coins available as futures at as much as 150x leverage, plus tokenized stocks, forex, commodities, grid bots and a free demo account.

You can deposit by bank transfer or card, and the P2P market supports over 100 payment methods and 40 fiat currencies. BingX has no general bank transfer withdrawal, so turning profits into pesos means selling on P2P, and that market is smaller than rivals', which can leave fewer buyers at a good price.

Spot trading on BingX carries a flat 0.1% whichever side of the trade you're on, while crypto futures charge 0.02% to add liquidity and 0.05% to take it; you'll need to verify your ID with a face scan. BingX launched in 2018, is based in Singapore, was co-founded by Josh Lu and is run by CEO Vivien Lin. In September 2024 attackers drained over $44 million from a BingX hot wallet; BingX repaid all customer funds from its reserves, but coins you aren't trading are safer in your own wallet.

Key points

• BingX offers copy trading, grid bots and demo trading alongside tokenized stocks, forex and commodities.
• Spot fees are 0.1% for makers and takers, with crypto futures from 0.02%.
• Without a general bank transfer withdrawal, cashing out to pesos runs through P2P or another platform.

3. Binance

BBinance8.9/10Read reviewVisit ↗

No exchange here has deeper order books than Binance, so large orders fill close to the price you see and getting in and out of a trade is easy. Binance lists 507 coins in 1,375 trading pairs, offers futures on 525 coins where leverage reaches 150x, and adds options on 8 coins, staking, loans, copy trading, bots and a demo account.

You can fund the account by bank transfer, card, Google Pay or through the P2P marketplace, and withdraw by bank transfer. Search the BSP Verifier for Binance before you deposit, since the BSP says offshore platforms without BSP or SEC registration aren't for Philippine retail customers, even when they hold licences abroad.

Every spot trade, maker or taker, costs 0.1%, and paying eligible fees in BNB cuts that by up to 25%; futures run 0.02% on orders that add liquidity and 0.05% on orders that remove it, and you must pass an identity check before trading. Founded in 2017, Binance is headquartered in the Cayman Islands; Changpeng Zhao is a co-founder, and Richard Teng now serves as CEO. A hack in October 2022 led to outflows of BNB coins worth over $500 million, so its security record isn't spotless and coins you plan to hold for years are safer in your own wallet.

Key points

• Binance has the deepest liquidity here plus options, staking, loans and copy trading.
• Spot fees are 0.1% for makers and takers, and paying in BNB cuts eligible spot fees by up to 25%.
• Funding works through bank transfer, card and P2P, with bank transfer withdrawals for cashing out.

4. Kraken

KKraken9.3/10Read reviewVisit ↗

If a clean security record matters most to you, Kraken is the one to look at: it publishes proof of reserves, holds ISO/IEC 27001 security certification, and a 2024 bug exploit took money only from its own treasury, which was returned in full. Kraken carries 679 coins across 1,460 pairs and 177 coins on its futures side, with leverage capped at 50x, plus staking and a demo account, but it has no copy trading or bots.

Kraken is regulated by the FCA in the UK, FINTRAC in Canada, AUSTRAC in Australia and the FSRA in Abu Dhabi, but the BSP says a foreign licence alone doesn't let Philippine retail customers use an offshore exchange, so check the BSP Verifier first. You can pay in with PayPal, a bank transfer, a card, Apple Pay or Google Pay, and cash out to PayPal, your bank account or a card.

Spot trading runs 0.4% on the maker side and 0.8% on the taker side, while futures cost just 0.02% to make and 0.05% to take; you'll need to pass ID verification with facial recognition. Kraken dates back to 2011 and has its headquarters in San Francisco, USA; its co-founders include Jesse Powell, and David Ripley holds the CEO role. The catch is that spot taker fee, the highest in this ranking, which makes Kraken a costly place to buy and sell coins often.

Key points

• Kraken is regulated by several foreign authorities and publishes proof of reserves.
• Spot trading costs 0.4% for makers and 0.8% for takers, so frequent spot trading gets expensive.
• You can fund by bank transfer, card or PayPal and withdraw by bank transfer.

5. MEXC

MMEXC4.2/10Read reviewVisit ↗

MEXC has the biggest coin list here, with 1,320 spot coins and new tokens often appearing before other exchanges list them. It is also the cheapest: spot orders cost 0% if you add liquidity and 0.05% if you remove it, while futures on 614 coins charge 0% or 0.02% depending on order type, with leverage going as high as 200x.

Many smaller coins trade thinly, so check the order book before you buy or you may pay well above the quoted price. Deposits run through cards, bank transfer, PayPal, Apple Pay, Google Pay, providers such as MoonPay and Banxa, and P2P, so your funding cost depends on which provider handles the payment. MEXC isn't licensed the way a domestic broker is, so check the BSP Verifier before sending money.

ID verification has been compulsory for every account since February 2026, and withdrawals go out as crypto or bank transfer. Since opening in 2018, MEXC has operated from Singapore under John Chen, who co-founded the exchange and serves as its chief executive. The real danger is its reputation: there have been many reported cases of MEXC withholding customer funds, so only keep money there that you are actively trading.

Key points

• MEXC lists 1,320 spot coins, the widest choice here for new and small tokens.
• Spot trading costs 0% for makers and 0.05% for takers, the cheapest in this ranking.
• Reports of withheld funds and regulatory uncertainty mean you could struggle to get money out.

6. Bitget

BBitget7.8/10Read reviewVisit ↗

Bitget runs the world's largest copy trading platform, so if you'd rather mirror an experienced trader than place every order yourself, it has the biggest pool to choose from. Beyond the 507 coins you can buy outright, Bitget lets you trade 478 coins as futures at leverage of up to 125x, along with tokenized stocks, free trading bots, staking, crypto loans and a demo account.

Funding options include bank transfer, card, Google Pay and Apple Pay, and the P2P market charges no fees on six major coins. Bitget has no general bank transfer withdrawal, so getting back to pesos usually means selling on P2P. It also isn't fully regulated everywhere despite licences in some countries, which is another reason to check the BSP Verifier first.

A single 0.1% rate applies to both sides of a spot trade, with 20% off eligible fees paid in BGB; on futures, makers pay 0.02% against 0.06% on the taker side, and verifying your identity is mandatory. Bitget started in 2018 with a base in Singapore; Sandra Lou co-founded it, and leadership now sits with Gracy Chen as CEO. Bitget has temporarily suspended withdrawals after unauthorized transfers of about $351.6 million from some hot and warm wallets; it says user balances are safe and its User Protection Fund of over $464 million covers the loss, but anything you deposit now stays locked until withdrawals reopen.

Key points

• Bitget has the largest copy trading platform, plus free bots, staking and loans.
• Spot fees are 0.1% for makers and takers, and futures start at 0.02%.
• Withdrawals are temporarily suspended after a wallet breach, so you can't cash out until they resume.

7. OKX

OOKX7.8/10Read reviewVisit ↗

For traders who want more than spot and futures, OKX adds options on 4 coins with multi-leg strategies, portfolio margin, copy trading and a Web3 wallet where you hold your own keys. Its market has 298 coins to buy and sell directly and 485 coins you can trade as futures with maximum leverage of 125x, alongside staking and a demo mode.

Its P2P market has high liquidity and an escrow system that releases coins only once both sides meet the agreed terms. Money goes in by bank transfer, card or P2P and comes out the same three ways, which gives you more routes back to cash than most exchanges here.

OKX charges spot makers 0.2% and spot takers 0.35%, with futures at 0.02% and 0.05% respectively, and an ID check is part of signing up. OKX has been around since 2017, operates out of Seychelles and is headed by Star Xu, one of its co-founders, who also holds the top executive job. Its spot fees are higher than most exchanges here and the platform is complex, so casual buyers pay more and face a steeper learning curve.

Key points

• OKX offers options, portfolio margin, copy trading and a self-custody Web3 wallet.
• Spot trading costs 0.2% for makers and 0.35% for takers, above the cheapest exchanges here.
• Its central exchange has never been directly hacked, though its DEX lost $2.7 million in a 2023 exploit.

8. Coinbase

CCoinbase7.7/10Read reviewVisit ↗

Coinbase is the simplest app here for buying your first crypto, and as a publicly listed company it faces more scrutiny than most rivals. You can buy 402 coins, stake some of them and trade futures on 131 coins with leverage capped at 10x, which limits how fast a bad trade can wipe you out.

Deposits work by card or PayPal and withdrawals by bank transfer, so you pay card or PayPal costs going in but can cash out to a bank account. There's no copy trading, bots, P2P market or demo account, so once you want more advanced tools you would need a second exchange.

Spot trades are pricey at 0.4% for makers and 0.6% for takers, while futures carry one 0.05% rate on both sides; Coinbase also asks every user to confirm their identity. Coinbase opened in 2012, has no main head office because it runs as a remote company, and has Brian Armstrong, one of its co-founders, as chief executive. In spring 2021 more than 6,000 customers had their accounts compromised, so turn on two-factor authentication and the address whitelist from day one.

Key points

• Coinbase is the easiest app here for a first purchase, with low futures leverage that limits losses.
• Spot trading costs 0.4% for makers and 0.6% for takers, well above most rivals.
• You deposit by card or PayPal and cash out by bank transfer.

How we ranked these exchanges

Our editorial team selected, tested and ranked the best crypto exchanges for traders in the Philippines. We started with exchanges that accept users in the Philippines and ordered them on the whole package. The order is our editorial judgment of everything below together, while the CWR Score on each card rates that exchange on its own, so an exchange placed lower can carry a higher score.

• Regulation and how the exchange fits Philippine rules
• Funding and withdrawals in Philippine pesos
• Spot and futures trading fees
• Coins and products you can trade
• Security record, including hacks and proof of reserves

Is crypto trading legal in the Philippines?

Buying, holding and trading crypto is legal in the Philippines through registered platforms. Crypto exchanges must be registered with and authorised by the Bangko Sentral ng Pilipinas (BSP) as virtual asset service providers (VASPs), or registered with the Securities and Exchange Commission (SEC) as crypto-asset service providers (CASPs). The BSP says virtual assets aren’t legal tender.

Since 30 January 2026 the BSP has told banks and other institutions it supervises to deal only with BSP-registered VASPs, SEC-registered CASPs or providers licensed in their home country, and says Philippine retail customers may not directly use offshore exchanges that aren’t registered with the BSP or SEC, even if they are licensed abroad. The BSP closed its window for new VASP licences on 1 September 2022 and kept that moratorium in place from 1 September 2025. You can check a firm’s BSP registration with the BSP Verifier.

How to buy crypto in the Philippines

Getting your first Bitcoin or Ethereum in the Philippines takes only a few steps once you’ve chosen where to trade.

1. Pick a registered exchange. Crypto exchanges serving the Philippines must be registered with the BSP as virtual asset service providers or with the SEC as crypto-asset service providers, so search the BSP Verifier before you sign up.
2. Open an account and verify your ID. Every exchange here asks for a government ID before you can trade, and most also want a selfie or face scan.
3. Deposit pesos. Send PHP by bank transfer through InstaPay or PESONet, or from an e-wallet run by a BSP-supervised e-money issuer, where the exchange accepts it. Bybit, Binance and OKX also run P2P marketplaces where you buy directly from other users.
4. Buy on the spot market. Choose Bitcoin, Ethereum, Solana or XRP and consider a limit order, which often costs less than buying at market price.
5. Protect your coins and keep records. Turn on two-factor authentication, move long-term holdings to your own wallet and save a record of every trade for tax.

Bottom line

Bybit is the best all-round choice here, with low spot fees, a deep futures market, options and copy trading, and it covered users’ funds in full after its 2025 hack. Binance suits traders who want the deepest liquidity, Kraken and Coinbase suit people who value a longer-established, more closely supervised company over cheap spot trades, and MEXC is the cheapest but carries the most reputation risk. Buying and trading crypto is legal in the Philippines through BSP- or SEC-registered platforms, so check the BSP Verifier and confirm how pesos go in and out before you deposit anything.