In this article, I will outline the top exchanges available in the Philippines that allow cryptocurrency trading at minimal rates.
With the surge in the usage of cryptocurrencies, it is important to optimize for low fees, security, and an easy-to-navigate interface.
We will evaluate the best platforms that offer affordable trading options for cryptocurrency investors in the Philippines.
Key Points & Best Cryptocurrency Exchanges for Low-Cost Trading In The Philippines List
| Exchange | Key Points |
|---|---|
| WhiteBIT | Competitive trading fees, strong security features, beginner-friendly interface. |
| Phemex | Zero-fee spot trading (with premium), fast execution, supports both spot and derivatives. |
| LBank | Wide range of altcoins, low trading fees, global access, suitable for altcoin hunters. |
| Bitget | Copy trading features, strong in derivatives, growing user base in Asia. |
| AscendEX | Staking options, advanced trading tools, supports a wide range of tokens. |
| CoinEx | Simple UI, low trading fees, good for beginners and altcoin trading. |
| Bitfinex | High liquidity, advanced tools for pro traders, supports margin trading. |
| Kraken | Highly secure, well-regulated, suitable for both beginners and experienced traders. |
| Binance | Largest global exchange, lowest fees with BNB, vast coin selection and features. |
| Gemini | Regulated in the U.S., user-friendly, strong security and insurance coverage. |
10 Best Cryptocurrency Exchanges for Low-Cost Trading In The Philippines
1.WhiteBIT
Founded in 2018, WhiteBIT by Volodymyr Nosov. It is a crypto exchange renowned for having very low-cost trading – making it perfect for users from the Philippines. It features more than 270 cryptocurrencies including BTC, ETH, and USDT.
The trading fees are set to be very low compared to the competition – starting at 0.10% for both makers and takers. WhiteBIT operates in more than 190 countries and offers services in multiple languages English and Filipino.
It has an easy to use interface, very strict security measures, and local fiat support which makes it a great option for any trader from the Philippines, amateur or pro. It great for those looking for a versatile and low cost crypto trading platform.
| Key Point | Details |
|---|---|
| Established | 2018 |
| Founder | Volodymyr Nosov |
| Crypto Support | Over 270 cryptocurrencies (BTC, ETH, USDT) |
| Trading Fees | 0.10% for both makers and takers |
| Country Support | Available in over 190 countries, including the Philippines |
| Language Support | Multiple languages, including English and Filipino |
| Platform Features | Spot trading, security features, fiat-to-crypto support |
| Security | Two-factor authentication, cold storage |
| Fiat Support | Supports multiple fiat currencies including PHP |
2.Phemex
Phemex is a cryptocurrency spot exchange established in November 2019 by an ex-Morgan Stanley banker, Jack Tao. It is located in Singapore and has competitive charging schemes which align with the economic conditions of users from the Philippines.
The exchange has over 275 listed cryptocurrencies, ETH, BTC, and USDT among them. Phemex charges spot trading fees of 0.1% for both makers and takers while charging 0.01% and 0.06% for contract trading (lower fees for makers).
The exchange boasts access for over 150 countries, with some restrictions for the US, UK, and China. Customers are served in ten languages, English and Spanish included, and Phemex traders can enjoy copy trading and trading bots through an intuitive interface.
All this enables a seamless trading experience from an economical, security, and operational perspective regardless of user expertise.
| Key Point | Details |
|---|---|
| Established | 2019 |
| Founder | Jack Tao |
| Crypto Support | Over 230 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | 0.1% for both makers and takers in spot markets; 0.01% maker and 0.06% taker fees in contract markets |
| Country Support | Available in over 200 countries, including the Philippines; restricted in countries like the USA, UK, China, Hong Kong, and others |
| Language Support | Multiple languages, including English and Filipino |
| Platform Features | Spot and derivatives trading with up to 100x leverage; automated trading bots; lending protocol |
| Security | Hierarchical Deterministic Cold Wallet System with 2-level human scrutiny offline signatures |
| Fiat Support | Supports various fiat currencies for deposits; KYC required for fiat transactions |
3.LBank
LBank, a cryptocurrency exchange operated by LBK Blockchain Co., Limited, was established in 2015 and is based in the British Virgin Islands. The exchange provides access to in excess of 800 cryptocurrencies, such as BTC and ETH, as well as other altcoins.
LBank’s trading fees are also competitive, charging spot trading fees of 0.10% for both makers and takers.
The exchange services over 210 countries including the Philippines, and accommodates speakers of 36 languages such as English and Filipino. In addition, the platform has spot and futures trading, copy trading, staking, and leveraged ETFs.
Other features that the platform offers include round the clock support in various languages and a customer friendly interface, making LBank a great option for beginner traders in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2015 |
| Founder | Eric He |
| Crypto Support | Over 800 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | 0.10% for both makers and takers in spot trading; 0.02% maker and 0.06% taker fees in futures |
| Country Support | Available in over 210 countries, including the Philippines |
| Language Support | Multiple languages, including English and Filipino |
| Platform Features | Spot and futures trading with up to 125x leverage; copy trading; staking |
| Security | Two-factor authentication; cold and hot wallet storage; optional Know Your Customer (KYC) |
| Fiat Support | Supports multiple fiat currencies for deposits; KYC required for fiat transactions |
4.Bitget
Bitget is a cryptocurrency exchange founded in 2018 by Sandra Lou that is based in Seychelles and uses low-cost trading options accessible for users in the Philippines.
The platform supports more than 800 cryptocurrencies to trade on, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with competitively low spot trading fees of 0.1% for both makers and takers. Bitget operates in over 170 countries, including the Philippines, and supports multiple languages like English and Filipino.
The exchange offers various services such as spot and futures trading, copy trading, staking, and leveraged ETFs. With multilingual customer support operating 24/7 and an easy-to-use interface, Bitget trading is secure, efficient, and adaptable for both beginner and advanced traders in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2018 |
| Founder | Gracy Chen |
| Crypto Support | Over 900 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | Spot trading: 0.1% for both makers and takers; Futures trading: 0.02% maker and 0.06% taker |
| Country Support | Available in over 150 countries, including the Philippines |
| Language Support | Multiple languages, including English and Filipino |
| Platform Features | Spot and futures trading with up to 100x leverage; Copy trading; Staking; Bitget Wallet for on-chain services |
| Security | Proof of reserves ratio of 163%; Protection Fund valued at over $420 million; Cold storage for digital assets |
| Fiat Support | Supports Philippine Peso (PHP) transactions |
5.AscendEX
Founded in Singapore in 2018, AscendEX (earlier called BitMax) is the brainchild of Dr. Jing Cao. The platform supports more than 300 cryptocurrencies like BTC, ETH, and USDT while offering spot, margin, and futures trading.
Fee-wise, they are competitive with large-cap assets being charged 0.1% and altcoins 0.2%. AscendEX has coverage for over 200 countries including Philippines and supports multilingual interfaces such as English, Spanish, French, Portuguese, German, and Hindi.
The platform offers a secure trading environment along with other features like DeFi yield farming, staking, and an intuitive interface, catering to both novice and expert traders in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2018 |
| Founder | Dr. Jing Cao |
| Crypto Support | Over 250 digital assets, including BTC, ETH, and USDT |
| Trading Fees | Maker fees: 0.1% for large-cap assets, 0.2% for altcoins; Taker fees: 0.02%–0.1% |
| Country Support | Available in over 200 countries, including the Philippines |
| Language Support | Multiple languages, including English and Filipino |
| Platform Features | Spot, margin (up to 25x leverage), and futures trading; Copy trading; Staking; Investment programs |
| Security | Multi-signature wallets; Two-factor authentication (2FA); Cold storage solutions |
| Fiat Support | Supports multiple fiat currencies for deposits; KYC required for fiat transactions |
6.CoinEx
CoinEx is a cryptocurrency exchange under the ViaBTC Group founded in Hong Kong by Haipo Yang in December 2017.
This platform offers spot, future, and margin trading for more than 600 cryptocurrencies, including BTC, ETH, and BCH.
Users are charged a low trading fee of 0.1% whether they are makers or takers, and discounts at higher VIP levels are also available.
CoinEx caters to more than 200 countries including the Philippines and has 18 language interfaces such as English, Filipino, and Spanish.
Other than trading, the platform offers staking, strategic trading, and a simple interface for users making it friendly for all levels of traders in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2017 |
| Founder | Haipo Yang |
| Crypto Support | Over 1,300 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | 0.20% for both makers and takers; discounts available when using CoinEx Token (CET) |
| Country Support | Available in over 200 countries, including the Philippines; restricted in the U.S., Canada, Hong Kong, and China |
| Language Support | Supports 18 languages, including Filipino |
| Platform Features | Spot trading, perpetual contracts, margin trading, crypto loans, and strategic trading |
| Security | 100% proof-of-reserve policy; multi-dimensional security measures |
| Fiat Support | Supports 60 fiat currencies, including PHP; offers various deposit and withdrawal options |
7.Bitfinex
Founded in 2012 by Raphael Nicolle, Bitfinex is a cryptocurrency exchange managed by iFinex Inc. that is registered in the British Virgin Islands. It covers more than 400 cryptocurrencies such as BTC, ETH, and USDT while providing options for spot, margin, and derivatives trading.
Trading fees are competitively low, starting at 0.1% for both makers and takers. Bitfinex serves users from more than 50 countries around the world such as the Philippines, and it offers multiple languages including: English, Russian, Chinese, Spanish, Turkish, and Portuguese.
With advanced trading features, high liquidity, and a friendly user interface, Bitfinex guarantees secure and efficient trading for both novice and experienced traders in the Philippines.
Here’s a concise table summarizing the key details of Bitfinex, focusing on aspects relevant to low-cost cryptocurrency trading in the Philippines:
| Key Point | Details |
|---|---|
| Established | 2012 |
| Founder | iFinex Inc. (Parent Company) |
| Crypto Support | Over 180 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | From 0.1% to 0.2%, with potential discounts based on trading volume |
| Country Support | Available in the Philippines; specific licensing status should be verified with local regulators |
| Language Support | English, Russian, Chinese, Spanish, Turkish, Portuguese |
| Platform Features | Advanced trading options including margin trading, derivatives, and a highly-rated mobile app |
| Security | Enhanced security measures including two-factor authentication (2FA) and cold storage for digital assets |
| Fiat Support | Supports various fiat currencies; fees may apply for fiat transactions |
8.Kraken
Kraken, a cryptocurrency exchange by Payward Inc. which commenced operations in 2011, is located in San Francisco.
It services over 280 cryptocurrencies, including BTC and ETH, and DOT, providing spot and futures trading with a leverage of up to 5x.
Trading fees are quite low, starting from 0.16% on Kraken’s makers and 0.26% for takers. Beyond the Philippines, Kraken has over 190 countries creating accounts allowing him to service users in different languages – English, Filipino, French, and Japanese.
The platform has features such as staking, margin trading, and an intuitive design, making it appealing to all traders in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2011 |
| Founder | Jesse Powell |
| Crypto Support | Over 200 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | Maker fees: 0.10%; Taker fees: 0.26%; fees vary based on trading volume |
| Country Support | Available in the Philippines; specific licensing status should be verified with local regulators |
| Language Support | English; other languages may be supported |
| Platform Features | Spot trading, futures, and margin trading; mobile app for trading on the go |
| Security | Multi-layered security measures, including cold storage and cryptographic verification |
| Fiat Support | Supports various fiat currencies; fees may apply for fiat transactions |
9.Binance
Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao and Yi He and offers competitive trading rates for users in the Philippines.
The exchange provides services for more than 600 cryptocurrencies like BTC, ETH, and USDT, and offers spot, margin, and futures trading.
Trading costs for makers and takers begins at 0.1% and can be lowered further by utilizing Binance Coin (BNB). Binance operates in more than 200 countries including the Philippines and caters to more than 30 languages such as English, Filipino, Chinese, and Spanish.
The platform encompasses features like staking, savings, and a simplified user interface, thus catering to novice traders alongside seasoned market players.
| Key Point | Details |
|---|---|
| Established | 2017 |
| Founder | Changpeng Zhao |
| Crypto Support | Over 600 cryptocurrencies, including BTC, ETH, and USDT |
| Trading Fees | 0.1% for both makers and takers; discounts available when using Binance Coin (BNB) |
| Country Support | Previously available in the Philippines; currently blocked due to regulatory issues |
| Language Support | Multiple languages, including Filipino |
| Platform Features | Spot, margin, and futures trading; P2P trading with PHP support; staking; NFT marketplace |
| Security | Two-factor authentication; cold storage for digital assets; regulatory compliance efforts |
| Fiat Support | Supports various fiat currencies; P2P trading allows PHP transactions |
10.Gemini
Gemini, a cryptocurrency exchange and custodian, was established in the US by Cameron and Tyler Winklevoss in 2014. Gemini supports a broad selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and even its own stablecoin, Gemini Dollar (GUSD).
Gemini allows spot trading, with makers and takers charged an initial fee of 0.35% each, which may reduce with increased trading volume.
Over 50 countries, including the Philippines, have access to the platform, which is available in various languages including English and Filipino.
Gemini has robust security features such as two-factor authentication and cold storage of digital assets, which help secure user accounts.
It is essential to remember, however, that the Philippine Securities and Exchange Commission has warned about Gemini’s activities in the country, saying that some of their products are being marketed without appropriate regulatory permission.
Users need to be careful and confirm compliance with local regulations when using the services offered by Gemini in the Philippines.
| Key Point | Details |
|---|---|
| Established | 2014 |
| Founder | Tyler and Cameron Winklevoss |
| Crypto Support | Over 70 cryptocurrencies, including BTC, ETH, and Solana |
| Trading Fees | Maker fees: 0.40%; Taker fees: 0.60%; fees vary based on trading volume |
| Country Support | Available in the Philippines; specific licensing status should be verified with local regulators |
| Language Support | English; other languages may be supported |
| Platform Features | Spot trading, recurring buys, price alerts, and mobile app for trading on the go |
| Security | Two-factor authentication (2FA); cold storage for digital assets; SOC 1 Type 2 and SOC 2 Type 2 compliant |
| Fiat Support | Supports various fiat currencies; fees may apply for fiat transactions |
Conclusion
To wrap everything up, the leading cryptocurrency exchanges that offer low-cost trading services in the Philippines, including WhiteBIT, Phemex, LBank, Bitget, CoinEx, and even Kraken, are well-known for their industry-standard trading fees, strong security, and large selection of crypto assets.
As with any other exchange, look at fee structures, the range of cryptocurrencies offered, and compliance with regulations to make certain all your trading needs will be met.
