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110+ · 40+ · Updated Aug 20, 2026 · How we rank →
- 110+ exchanges tracked
- 40+ markets covered
- 5,000+ dated data points
Best Crypto Exchanges in Philippines
Top Overall pick for customers in Philippines: Kraken — 8.9/10. Clean 13-year security record with proof of reserves; fee schedule beats most rivals. Visit Kraken ↗
| Rank | Exchange · why it ranks here | Score | Spot maker / taker | Eligibility | Best for | Visit |
|---|---|---|---|---|---|---|
| 1 | KrakenClean 13-year security record with proof of reserves; fee schedule beats most rivals | 8.9out of 10Key subscores: Security 9.8 · Fees 8.1 · Liquidity 8.9Why 8.9 → | 0.16% / 0.26% | Available in Philippines | Security record | Visit Kraken ↗Opens the official site |
| 2 | CoinbaseStrongest regulatory standing among global venues; retail fees are among the highest | 8.8out of 10Key subscores: Security 9.6 · Fees 6.2 · Liquidity 9.2Why 8.8 → | 0.4% / 0.6% | Available in Philippines | Regulated on-ramp | Visit Coinbase ↗Opens the official site |
| 3 | BinanceDeepest liquidity and near-zero spot fees; regulatory standing varies by market | 8.7out of 10Key subscores: Security 8.7 · Fees 9.4 · Liquidity 9.9Why 8.7 → | 0.1% / 0.1% | Available in Philippines | Liquidity & fees | Visit Binance ↗Opens the official site |
| 4 | OKXBest-in-class trading terminal and Web3 stack; US product trails the global app | 8.7out of 10Key subscores: Security 8.9 · Fees 9.1 · Liquidity 9.5Why 8.7 → | 0.08% / 0.1% | Available in Philippines | Pro trading tools | Visit OKX ↗Opens the official site |
| 5 | Crypto.comBest crypto card program and licensing breadth; spot fees above the pro venues | 8.5out of 10Key subscores: Security 8.8 · Fees 7.4 · Liquidity 8.6Why 8.5 → | 0.25% / 0.5% | Available in Philippines | Card & app | Visit Crypto.com ↗Opens the official site |
- 1KrakenAvailable in Philippines8.9out of 10
Key subscores: Security 9.8 · Fees 8.1 · Liquidity 8.9 · Why 8.9 →
- Spot maker / taker
- 0.16% / 0.26%
- Best for
- Security record
Clean 13-year security record with proof of reserves; fee schedule beats most rivals
Opens the official siteRead review →
- 2CoinbaseAvailable in Philippines8.8out of 10
Key subscores: Security 9.6 · Fees 6.2 · Liquidity 9.2 · Why 8.8 →
- Spot maker / taker
- 0.4% / 0.6%
- Best for
- Regulated on-ramp
Strongest regulatory standing among global venues; retail fees are among the highest
Opens the official siteRead review →
- 3BinanceAvailable in Philippines8.7out of 10
Key subscores: Security 8.7 · Fees 9.4 · Liquidity 9.9 · Why 8.7 →
- Spot maker / taker
- 0.1% / 0.1%
- Best for
- Liquidity & fees
Deepest liquidity and near-zero spot fees; regulatory standing varies by market
Opens the official siteRead review →
- 4OKXAvailable in Philippines8.7out of 10
Key subscores: Security 8.9 · Fees 9.1 · Liquidity 9.5 · Why 8.7 →
- Spot maker / taker
- 0.08% / 0.1%
- Best for
- Pro trading tools
Best-in-class trading terminal and Web3 stack; US product trails the global app
Opens the official siteRead review →
- 5Crypto.comAvailable in Philippines8.5out of 10
Key subscores: Security 8.8 · Fees 7.4 · Liquidity 8.6 · Why 8.5 →
- Spot maker / taker
- 0.25% / 0.5%
- Best for
- Card & app
Best crypto card program and licensing breadth; spot fees above the pro venues
Opens the official siteRead review →
Unavailable in Philippines — scored but not ranked
- Bitvavo8.5not available in this market
- Gemini8.3not available in this market
- Upbit8.3not available in this market
Weights in this context: Security 20% · Regulation 18% · Liquidity 15% · Fees 13% — weights always total 100%.
Some Visit links are affiliate links. They never affect scores or positions — how we make money.
Data freshnessFees · Licenses · Availability
Weights total 100%
Security 20% · Regulation 18% · Liquidity 15% · Fees 13% · Fiat & Payments 10% · Features 8% · Asset Coverage 6% · UX & Mobile 4% · Support 3% · Transparency 3%IndependenceCommissions never affect scores or positions. how we make money
Reviewed by CryptoExID Editorial · Aug 20, 2026 · Next scheduled review Sep 19, 2026 · Editorial policy
How crypto exchanges are regulated in Philippines
The BSP (Bangko Sentral ng Pilipinas) has licensed virtual asset service providers since 2021 under a framework that evolved from earlier virtual currency exchange rules, and it enforces the perimeter: a moratorium on new VASP licenses ran for years, making existing authorizations valuable. Coins.ph is the licensed local leader, and PDAX operates as another significant licensed domestic venue.
The SEC handles token offerings and has pursued unregistered foreign platforms, including moving to block access to major offshore exchanges that lacked Philippine authorization. That two-regulator squeeze means the licensed domestic venues matter more here than in most Southeast Asian markets. Remittances shaped the market's DNA; crypto rails competing with traditional money transfer built the Philippine user base early.
Deposits, withdrawals and local rails in Philippines
GCash and Maya are how Filipinos move money, and Coins.ph's integration with these e-wallets is its structural advantage: PHP funding from a GCash balance takes moments. InstaPay handles interbank transfers for funding from BDO, BPI or UnionBank accounts. Licensed venues credit peso deposits quickly, and cash-in options through convenience store networks persist for the unbanked segment.
For global platforms without Philippine licenses, P2P is the route, with PHP-USDT liquidity settled through GCash transfers dominating the marketplace. Spreads are reasonable during Manila daytime and widen overnight. Withdrawals to e-wallets from licensed venues are near-instant and cheap, which sets a user experience bar that international exchanges cannot currently match inside the country.
Availability and restrictions in Philippines
The SEC's enforcement against unregistered foreign platforms has real effect: access blocks have been ordered against major offshore venues, pushing Filipinos toward licensed domestic options or VPN workarounds. The BSP licensing moratorium constrained new entrants for years. Within the licensed perimeter, users face standard KYC but no product bans comparable to Singapore's retail restrictions.
Crypto taxes in Philippines
Philippine tax treatment is still developing, but the BIR's position is that crypto gains are taxable, generally as ordinary income for trading profits, and cryptocurrency received as payment is income at fair value. No dedicated crypto tax statute exists yet, so classification questions persist while enforcement focuses on licensed venue data.
Local snapshot: top venues in Philippines
| Exchange · why it ranks here | Local status | Spot maker / taker | KYC time | Local rails | Local currency |
|---|---|---|---|---|---|
| Kraken | Onboards | 0.16% / 0.26% | 10 min | 1 | — |
| Coinbase | Onboards | 0.4% / 0.6% | 5 min | 1 | — |
| Binance | Onboards | 0.1% / 0.1% | 10 min | 1 | PHP |
| OKX | Onboards | 0.08% / 0.1% | 8 min | 1 | PHP |
| Crypto.com | Onboards | 0.25% / 0.5% | 12 min | 1 | — |
| Bybit | Onboards | 0.1% / 0.1% | 8 min | 1 | PHP |
| Bitstamp | Onboards | 0.3% / 0.4% | 15 min | 1 | — |
Best exchange in Philippines for a ₱5,720 / ₱57,200 / ₱572,000 purchase
Modeled all-in cost of a Bitcoin market buy (trading fee plus spread and size-dependent slippage) across the venues available in Philippines. Deposit fees come on top and depend on the method above.
₱5,720 buy
Binance
~₱6.29 fee + spread
₱57,200 buy
Binance
~₱64 fee + spread
₱572,000 buy
Binance
~₱641 fee + spread
Best exchange in Philippines by use case
Lowest fees
Binance
9.0/10 · 0.1% / 0.1%
Safest
Coinbase
9.4/10 · 0.4% / 0.6%
For beginners
Coinbase
9.0/10 · 0.4% / 0.6%
For Bitcoin
Binance
9.0/10 · 0.1% / 0.1%
For staking
Kraken
8.9/10 · 0.16% / 0.26%
Buying crypto in Philippines: FAQ
- How are crypto exchanges regulated in Philippines?
- The BSP (Bangko Sentral ng Pilipinas) has licensed virtual asset service providers since 2021 under a framework that evolved from earlier virtual currency exchange rules, and it enforces the perimeter: a moratorium on new VASP licenses ran for years, making existing authorizations valuable. Coins.ph is the licensed local leader, and PDAX operates as another significant licensed domestic venue.
- What is the best crypto exchange in Philippines?
- Kraken leads our Philippines model at 8.9/10 on the current dataset. The model weighs security, regulation, liquidity, fees and local payment rails; the full breakdown is on this page.
- What is the cheapest way to deposit PHP?
- Bank Transfer is the cheapest rail we track for Philippines: Free–0.5%, typically 0–1 business day. Card deposits settle instantly but cost 1.8-3.99%.
- Which exchanges do not accept customers in Philippines?
- On the current dataset, Upbit, Gemini, bitFlyer, Bithumb do not onboard customers in Philippines. They are scored in the database but excluded from this ranking.
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