May 28, · In the Philippines, it is easy to buy Bitcoin, sell, or trade. You can download an application like bitcoinlife24.de or Abra and then go to the nearest pawnshop or a 7-Eleven convenience store for cashing in. This is usually the most common way to buy BTC. Please share and grow the BitPinas community. Once you have Bitcoins, of course, the other thing you can do is sell it. Depending on how you approach the subject, how to sell bitcoin in the Philippines can be as simple as a straight conversion to pesos, or might require some work, like selling it to another person, in a physical location. Jun 19, · Trading Bitcoin in the Philippines 19 June · 8 min read BITCOIN has become one of the most desired currencies for online trades. Ever since this cryptocurrency gained popularity in .
Philippine bitcoin trading21 Exchanges To Buy Bitcoin In The Philippines ()
Paxful is a person-to-person marketplace that supports over payment methods. Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly. BitPanda has been in operation since and is based in Vienna, Austria. The BitPanda platform is straightforward and easy to use for beginners. If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.
Abra is an all-in-one cryptocurrency wallet and exchange app available on both iOS and Android platforms. International Abra users can see all 54 fiat currencies. Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand. There is a Bitcoin ATM in every region of the world. See the full map here.
Customers based in any of the major cities in the Philippines are able to buy bitcoin from any of the exchanges on this page. With over three million users, CEX. IO is the simplest and most popular exchange for citizens in the Philippines to buy cryptocurrencies. The verification process on CEX. IO is quite extensive which makes it one of the most secure exchanges on the planet.
VISA and Mastercard deposits incur a 2. Skip to content Philippines. Pros Diverse selection of markets Excellent reputation User-friendly interface Great customer support Low fees. Cons Bitcoins can only be withdrawn in the form of fiat currency. Pros Ability to set real-time market limit orders Low fees Clean user interface Strong reputation Great customer support. Cons Exclusive to a limited number of countries. Pros Established and trustworthy Supported worldwide Low fees Simple credit card purchases Clean user interface.
Cons Verification procedure requires private information Lengthy verification time. Pros Established reputation User-friendly interface High liquidity Large purchasing limits Strong security. Cons Support takes time to respond Slow bank transfers. A bitcoin exchange is where users can trade bitcoins at their own set prices. Think of it just like the regular stock market. You can also trade your bitcoins for other crypt coins.
While we will tackle bitcoin exchanges in another article , below is a brief introduction on how you can sell your bitcoins in a bitcoin exchange. For this example, we will use Coinage. The speed of the transaction depends on your sell rate. Some people will take advantage of beginners and will set their prices well beyond the market value. Some users are more comfortable in selling their bitcoins to another person.
This involves actually meeting up in a physical location. Of course, there are still some caveats when selling directly. You need to keep note of the following:. Contrary to the general opinion, there are hassle-free ways to sell bitcoins here in the Philippines.
As bitcoins continue to become popular, the number of places where you can sell them will only increase in time. How about you? These exchanges charge a fee for each transaction. So it is not a stretch to think that they will offer Bitcoin to PHP and vice versa. Using your Coins. In order to transfer funds from your Coins. Coins Pro also allows users to trade fiat to Bitcoin cash, ripple, litecoin soon , and ethereum.
Because it is connected to Coins. Check out this article to learn more. Coinvil Coinville received its virtual currency license in March In an interview with BitPinas , it plans to introduce more blockchain projects to the Philippines and help introduce local projects to its partners abroad, particularly in South Korea.
It is now live. PDAX said it will utilize the same order-matching technology used in stock exchanges to match buyers and sellers. More coins are set to be announced soon. Not much is known about Citadax at the moment, but its website currently allows users to join the waitlist.
Juan Exchange operating under Zybi Tech has received a license to operate a virtual currency exchange in They had a grand launching last May B-Express already operates an over-the-counter Bitcoin service but recently received a license from the BSP this March In an interview , B-Express said one of its main focus is the development of its app to ensure its customers will have a smooth trading experience on mobile phones.
Its subsidiary Etranns received the VC license in GOW said in interviews that it wants to focus on institutional investors.
Paylance highlights that you can use its service if you want to use cryptocurrency for your employee payrolls, disbursement, and other organizational transactions. Simpy put, if you want to pay someone in crypto, and that someone is possible an employee of yours, Paylance is the exchange to go to. CEZA-based crypto exchangese will service users outside the Philippines. Having crypto exchanges based in the country will let Filipinos trade their Philippine fiat to cryptocurrency without needing to use a foreign crypto exchange.
This will save the Filipino users money in terms of fees as they no longer need to trade their fiat to BTC and then make a trade.