Summary
The top crypto exchanges in the Philippines operate under strict regulatory oversight from the Bangko Sentral ng Pilipinas (BSP) via Virtual Asset Service Provider (VASP) licensing. Filipino traders benefit from seamless PHP trading pairs and multiple local payment options, including GCash, Maya, and bank transfers. The market adheres to rigorous KYC protocols and BSP supervision. Here are the leading platforms:
- Bitget – Comprehensive PHP integration with diverse trading pairs
- MEXC – Advanced features with competitive fee structures
- Binance – High-liquidity PHP markets
- Coinbase – Institutional-grade security measures
- Kraken – Sophisticated trading tools
Top Crypto Exchanges for Filipino Traders
Filipino cryptocurrency enthusiasts need exchanges that support PHP transactions and integrate with local payment systems. Below is a detailed comparison of trading fees, supported assets, and BSP compliance for the premier platforms serving the Philippine market.
| Exchange | Supported Coins | Trading Fees | Deposit Methods | KYC |
|---|---|---|---|---|
| Bitget | 871+ | Maker 0.02% / Taker 0.06% | Credit Card, SEPA, Google Pay, Apple Pay | Yes |
| MEXC | 2437+ | Maker 0.00% / Taker 0.02% | Credit Card, Bank Transfer, SEPA | No |
| Binance | 414+ | Maker 0.02% / Taker 0.05% | Credit Card, Debit Card, P2P | Yes |
| Coinbase | 250+ | Maker 0.05% / Taker 0.05% | Cryptocurrencies, Credit/Debit Cards | Yes |
| Kraken | 323+ | Maker 0.02% / Taker 0.05% | Cryptocurrencies, Credit/Debit Cards | Yes |
1. Bitget
Futures Fees: 0.02%/0.06%
✅ Pros
- 800+ cryptocurrencies
- Competitive trading fees
- Ideal for EUR SEPA transfers
- 24/7 customer support
- Beginner-friendly interface
❌ Cons
- Unavailable in the U.S.
- No TWAP orders
- Mandatory KYC
Overview
Bitget excels with its user-centric platform, supporting traders from 100+ countries. Its 0% SEPA fee and extensive altcoin selection make it a top choice for Europeans and Filipinos alike. Futures traders benefit from 125x leverage on assets like Bitcoin.
👉 Explore Bitget’s advanced features
2. MEXC
Futures Fees: 0.01%/0.04%
✅ Pros
- Lowest trading fees
- 2000+ supported assets
- 300x leverage
- 24/7 support
❌ Cons
- U.S. restrictions
- High-risk new listings
Overview
MEXC dominates with 0% maker fees and 0.02% taker fees, offering unparalleled cost efficiency. Its 300x leverage and deep liquidity cater to high-frequency traders.
3. Binance
Futures Fees: 0.02%/0.05%
✅ Pros
- Largest global exchange
- 400+ cryptocurrencies
- 125x leverage
❌ Cons
- Complex for beginners
- Regional restrictions
Overview
Binance’s ecosystem includes spot, futures, staking, and NFTs. Its 0.1% spot fees and low futures costs attract diverse traders.
4. Coinbase
Futures Fees: 0.02%/0.05%
✅ Pros
- Beginner-friendly
- Strong regulatory compliance
❌ Cons
- High spot fees (0.60%)
Overview
Coinbase simplifies crypto access but charges premium fees. Its wallet and educational resources stand out.
5. Kraken
Futures Fees: 0.02%/0.05%
✅ Pros
- Easy-to-use interface
- Demo trading
❌ Cons
- Limited liquidity
Overview
Kraken balances simplicity with low futures fees, ideal for newcomers.
Crypto Regulation in the Philippines
Cryptocurrency is legal under BSP oversight, requiring VASP licenses for exchanges. Regulations enforce:
- ₱50M minimum capital
- Strict AML/KYC protocols
- Quarterly reporting
Taxation of Crypto in the Philippines
- Capital Gains: 15% for casual traders
- Income Tax: 20–35% for professionals
- Mining: Requires business registration
Consult a tax advisor for specifics.
How to Buy Crypto
- Select a BSP-licensed exchange.
- Complete KYC verification.
- Deposit PHP via GCash/Maya/bank transfer.
- Trade for BTC, ETH, or stablecoins.
Recommended Crypto Wallets
- Hardware: Ledger, Trezor
- Mobile: Trust Wallet, MetaMask
- Desktop: Exodus
Final Thoughts
For PHP-compatible trading, Bitget and MEXC lead with low fees and local payment support. Prioritize BSP-regulated platforms for security.
FAQ
Q: Is crypto legal in the Philippines?
A: Yes, under BSP regulation via VASP licensing.
Q: Which exchange has the lowest fees?
A: MEXC offers 0% maker fees.
Q: How do I pay taxes on crypto gains?
A: File capital gains or income tax based on trading activity.
For further guidance, visit our resource hub.