16+ Places/Websites to Buy Cryptocurrency in the Philippines

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Updated on November 19, 2020:

May 30, 2019 – 10 years ago, Satoshi Nakamoto proposed an idea of a digital currency which we now know as Bitcoin. It runs on a technology that we now called blockchain.

Today, there are numerous other cryptocurrencies aside from Bitcoin. While these cryptos have different use cases, some of them are similar to Bitcoin in functioning as a payment method and store of value. Some of them operate on blockchains that can be used for building decentralized applications.

Today we will talk about where to buy these cryptocurrencies in the Philippines. Because while it’s easy to purchase Bitcoins with just one trip to the convenience store, you might find it difficult to buy cryptocurrencies such as ethereum, tron, Bitcoin cash, and the likes. This article is meant to show you that it is indeed possible to buy these altcoins directly. And if it’s available for buying and selling in PHP, we will tell you how to buy them in other ways.

This article is more focused to general cryptocurrencies.Ā 

How to Buy Cryptocurrency in the Philippines

PH Cryptocurrency Wallets

Especially for first-timers, the first place you should look to buy crypto are PH-based crypto wallets. These wallets allow you to buy cryptocurrencies such as Bitcoin and litecoin with fiat money (in our case Philippine Pesos or PHP).

ProductServiceSupported Cryptocurrencies
Coins.phCrypto Wallet, Buy and SellMultiple cryptocurrencies
BuyBitcoin*Buy and SellBitcoin
TagcashCrypto Wallet, Buy and SellBitcoin, litecoin, XRP, XLM, Tagx
Paylance.com (via Bloom license)Crypto Wallet, Buy and SellBitcoin, USDT
PaxfulCrypto Wallet, Buy and SellBitcoin
BloomBuy and SellBitcoin, USDT, SLP, AXS, ETH
MoneybeesBuy and SellBitcoin, USDT

How to cash in crypto wallets

For Coins.ph, it is recommended that you top up your account via 7-eleven. Go to the nearest 7-eleven store. Add money via one of the Cliq kiosks. Php will be funded to your Coins.ph account. After that, you can convert your Php to any of the supported coins.

PH BSP-Licensed Cryptocurrency Exchanges

Crypto ExchangeStatus(Currently) Supported Cryptocurrencies*
PDAXLiveBTC, XRP, LTC, BCH, ETH (to PHP)
B-Expro / B-ExpressLiveBTC, ETH (to PHP)
Coins ProLiveBTC, BCH, ETH, XRP (to PHP)
CoinvilWebsite LiveBTC, ETH, XRP, LTC, VRG, CSMT (to PHP)
CitadaxNot Yet LiveBTC, ETH (to PHP)
GOW ExchangeLiveBTC (to PHP)**
Juan ExchangeWebsite LiveBTC, ETH, USDT (to PHP)
VHCEXLiveBTC, ETH, VHC, VHW, OSE, HWGL, OVO, XEM, OSV, REVS (to PHP)
CoexstarLiveBTC, ETH, more coins (to PHP)

Above are cryptocurrency exchanges registered in the Philippines that offer the option to buy cryptocurrency with fiat money (Philippine Pesos). Most of them allows deposits and withdrawals through InstaPay, Gcash, and PayMaya.

Bitcoin P2P (Peer-to-Peer) Marketplaces

P2P Marketplaces are websites that facilitate buying and selling of cryptocurrency between to parties, with the website only acting as an escrow to keep both parties safe and secure during the transaction

Crypto P2P MarketplaceSupported PairsPayment/Withdrawal Options
PaxfulBTC – PhpGcash, PayMaya, Banks, PayPal
LocalBitcoinsBTC – PhpGcash, PayMaya, Banks, PayPal
Binance P2PBTC/USDT – PhpGcash, PayMaya, InstaPay, Banks

Cryptocurrency ATMs

LocationSupported Cryptocurrencies
The Ark by UnionBank, Ayala, MakatiBitcoin
Sunette Tower Hotel ManilaBitcoin, Litecoin

The UnionBank Crypto ATM above allows buying and selling of Bitcoin. The crypto ATM at Sunette Tower allows buying of Bitcoin and litecoin only.

Credit Cards and Debit Cards

WebsiteSupported Cryptocurrencies
PDAXBTC, XRP, LTC, BCH, ETH (to PHP)
AbraBitcoin, 0x, augur, basic attention token, Bitcoin cash, Bitcoin gold, cardano, dash, digibyte, dogecoin, eos, ethereum, ethereum classic, golem, lisk, litecoin, monero, NEM, neo, omisego, qtum, siacoin, status, stellar lumens, stratis, tron, verge, vertcoin, XRP, zcash
CEXBitcoin, ethereum, Bitcoin cash, Bitcoin gold, dash, litecoin, XRP, zec
Changelly(notable only): Bitcoin, litecoin, xrp, ehereum, Bitcoin cash, bat, enjin, btt, tron, doge, dash, neo, nem, xlm, zrx
Binancemultiple cryptocurrencies
OKExmultiple cryptocurrencies

The above websites will allow you to purchase crypto in exchange for USD. Most of the time, the conversion is handled by payment solutions firm Simplex.

Over The Counters (OTCs)

SiteLocationsSupported Cryptocurrencies
Moneybees
  • PSulit Branch at GF Intrepid Plaza, C5 Corner Eastwood Ave, Libis, QC
  • Willyn Villarica Jewelry at Stalls 335/336, 3rd Floor, Market! Market!, BGC, Taguig City
Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin
Palawan Pawnshop (via Bloom)Bitcoin
BexpressG/F UNIT 5 Aseana PowerStation Macapagal, Paranaque CityBitcoin, ethereum
Ā Czarina (via Bloom)
  • Lower Ground Level, Uptown Mall, BGC
  • Unit 1412 Tower One & Exchange Plaza, Ayala Ave
  • Liberty Center, 104 San Agustin St. Salcedo Village, Makati
  • Picasso Residences, 119 L.P. Leviste Street, Salcedo Village, Makati City
  • Estancia, Meralco Ave, Pasig, 1605 Metro Manila
Ā Bitcoin, ethereum
DA5 (via Bloom)Bitcoin
PSULIT
  • PSulit Branch at GF Intrepid Plaza, C5 Corner Eastwood Ave, Libis, QC
Bitcoin

Palawan Pawnshop’s partnership with Bloom Solutions allows it to have a Bitcoin over-the-counter service. Bexpress, along with Bloom Solutions are virtual currency license holders in the country.

Specific Cryptocurrencies

In this part of the article, we will check with some locally in-demand cryptocurrencies:

CoinWhere to Buy/Exchange
LoyalcoinLoyalcoin Concierge
NEM / XEMVHCEX, Changelly, NEM Nano Wallet (buy option inside the Nano Wallet),
BATAbra, Brave Browser
XLMAbra, Tagcash
XRPĀ Coins, Abra, Moneybees

Other Ways to Buy Cryptocurrencies

The last tip is buying through peer-to-peer marketplaces and face-to-face buying and selling. Peer-to-peer marketplaces like Paxful and LocalBitcoins exist to provide an escrow solution to two people wishing to exchange their crypto. The last method is of course meeting the buyer or seller directly but make sure you can vouch the person you are meeting before proceeding with such transactions.

Recommended Bank to Deposit Earnings from Crypto?

We don’t have a recommended bank but we’ve been using UnionBank lately.

How about Paymaya?

PDAX and Coins.ph allow cash in through Paymaya.

If PHP isn’t an option: International Cryptocurrency Exchanges

Now, the oftenmost way to buy crypto is to convert your Bitcoins at Coins.ph and transfer it to a foreign crypto exchange. Examples of which are Binance and OKex.

  • Binance – Trade your Bitcoin to other crypto. Perhaps the most liquid exchange in the world.
  • OKEx – Trade Bitcoin to other crypto. A top 10 cryptocurrency exchange
  • CEX – Purchase Bitcoin with credit card.

Do you know of other ways to purchase cryptocurrencies in the Philippines? Let us know in the comments below!

This article originally appeared on BitPinas:Ā 15+ Places/Websites to Buy Cryptocurrency in the Philippines

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