Philippines model · Model v2.4 · Data as of Aug 20, 2026
Best Crypto Exchanges in Philippines
We verified 25 exchanges that currently onboard customers in Philippines and support local PHP rails. Kraken leads this list: clean 13-year security record with proof of reserves; fee schedule beats most rivals. Scores recalculate whenever fees, licensing or availability change — every field carries its own check date.
Top pick: Kraken — 8.9/10. Visit Kraken ↗
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.
Reviewed by CryptoExID Editorial · Aug 20, 2026 · Editorial policy · how we make money
| Rank | Exchange · why it ranks here | Score | Spot maker / taker | Best for | Visit |
|---|---|---|---|---|---|
| 1 | Kraken Clean 13-year security record with proof of reserves; fee schedule beats most rivals | 8.9Security 9.8 · Fees 8.1 · Liquidity 8.9 | 0.16% / 0.26% | Security record | Visit ↗ |
| 2 | Coinbase Strongest regulatory standing among global venues; retail fees are among the highest | 8.8Security 9.6 · Fees 6.2 · Liquidity 9.2 | 0.4% / 0.6% | Regulated on-ramp | Visit ↗ |
| 3 | Binance Deepest liquidity and near-zero spot fees; regulatory standing varies by market | 8.7Security 8.7 · Fees 9.4 · Liquidity 9.9 | 0.1% / 0.1% | Liquidity & fees | Visit ↗ |
| 4 | OKX Best-in-class trading terminal and Web3 stack; US product trails the global app | 8.7Security 8.9 · Fees 9.1 · Liquidity 9.5 | 0.08% / 0.1% | Pro trading tools | Visit ↗ |
| 5 | Crypto.com Best crypto card program and licensing breadth; spot fees above the pro venues | 8.5Security 8.8 · Fees 7.4 · Liquidity 8.6 | 0.25% / 0.5% | Card & app | Visit ↗ |
| 6 | Bybit Top-tier perpetuals engine and depth; cannot onboard several major Western markets | 8.2Security 8.3 · Fees 9.0 · Liquidity 9.6 | 0.1% / 0.1% | Derivatives | Visit ↗ |
| 7 | Bitstamp Operating since 2011 with EU + US licenses; smaller asset list and quiet books | 8.2Security 9.2 · Fees 7.8 · Liquidity 7.8 | 0.3% / 0.4% | Track record | Visit ↗ |
| 8 | eToro Regulated social investing across 100 markets; ~1% spread model is expensive | 8.1Security 8.9 · Fees 6.0 · Liquidity 7.4 | 1% / 1% | Social investing | Visit ↗ |
| 9 | Bitget Largest copy-trading network with deep futures books; thin Western licensing | 8.0Security 8.2 · Fees 8.9 · Liquidity 9.0 | 0.1% / 0.1% | Copy trading | Visit ↗ |
| 10 | KuCoin 700+ listed assets — the widest altcoin shelf; US access restricted after settlement | 7.7Security 7.8 · Fees 8.8 · Liquidity 8.8 | 0.1% / 0.1% | Altcoin range | Visit ↗ |
- 1Kraken0.16% / 0.26% · Security record8.9out of 10
Clean 13-year security record with proof of reserves; fee schedule beats most rivals
Opens the official siteRead review →
- 2Coinbase0.4% / 0.6% · Regulated on-ramp8.8out of 10
Strongest regulatory standing among global venues; retail fees are among the highest
Opens the official siteRead review →
- 3Binance0.1% / 0.1% · Liquidity & fees8.7out of 10
Deepest liquidity and near-zero spot fees; regulatory standing varies by market
Opens the official siteRead review →
- 4OKX0.08% / 0.1% · Pro trading tools8.7out of 10
Best-in-class trading terminal and Web3 stack; US product trails the global app
Opens the official siteRead review →
- 5Crypto.com0.25% / 0.5% · Card & app8.5out of 10
Best crypto card program and licensing breadth; spot fees above the pro venues
Opens the official siteRead review →
- 6Bybit0.1% / 0.1% · Derivatives8.2out of 10
Top-tier perpetuals engine and depth; cannot onboard several major Western markets
Opens the official siteRead review →
- 7Bitstamp0.3% / 0.4% · Track record8.2out of 10
Operating since 2011 with EU + US licenses; smaller asset list and quiet books
Opens the official siteRead review →
- 8eToro1% / 1% · Social investing8.1out of 10
Regulated social investing across 100 markets; ~1% spread model is expensive
Opens the official siteRead review →
- 9Bitget0.1% / 0.1% · Copy trading8.0out of 10
Largest copy-trading network with deep futures books; thin Western licensing
Opens the official siteRead review →
- 10KuCoin0.1% / 0.1% · Altcoin range7.7out of 10
700+ listed assets — the widest altcoin shelf; US access restricted after settlement
Opens the official siteRead review →
Scored but not ranked here
- Bitvavo8.5not available in this market
- Gemini8.3not available in this market
- Upbit8.3not available in this market
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.
Related rankings
By payment method
Rankings are computed from verifiable data — fees, security, liquidity, regulation and availability — under model v2.4. How we rank → A score is not a guarantee of safety and nothing here is investment advice.