The value of cryptocurrencies is increasing.
In 2017, bitcoin (BTC) grew from US$997.69/BTC to over US$11,000/BTC.
With such growth comes an explosion in market trading, which in turn helps the currency keep growing.
It can be a good choice for cryptocurrency beginners because you don’t need your own cryptocurrency wallet, and can get a feel for the market movements without needing to buy it outright.
A range of established forex exchanges and brand new platforms are embracing cryptocurrency trading. Find the one with the features that work for you, and that suits your trading style.
All of the following platforms are available in the Philippines and offer cryptocurrency trading.
Market trading of any asset is risky and cryptocurrencies are very volatile. There is no guarantee of a return of investment.
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
You’ll need a Bitcoin wallet before you buy since some exchanges require one.
Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card.
They charge a ~6% fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama.
Please visit Coinmama for its exact pricing terms.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit.
The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority.
The Bangko Sentral ng Pilipinas (BSP) has registered 11 cryptocurrency exchanges, allowing them to operate in the country, according to the most recent list of Remittance and Transfer Companies with Money Changing or Foreign Exchange Dealing and Virtual Currency (VC) Exchange Service.
The licensees are Betur Inc.
Updated Oct 2019: These Philippine cryptocurrency exchanges allow users to trade Bitcoin & other cryptocurrencies with Pesos (PHP) and vice versa.
Note: This article will only list crypto exchanges that have a virtual currency exchange license from the Philippines’ Central Bank.
The Philippines is becoming one of the top countries in the world that offers a good location to build blockchain and cryptocurrency projects. Brock Pierce, a blockchain advocate, the country is a great place to build such projects because of its English literacy, its enormous opportunities, and a huge unbanked population.
Additionally, the country’s regulators are open to adoption of blockchain and cryptocurrencies.
The ways to sell bitcoins in PH is just as easy and simple as buying them. In this article, BitPinas listed ways to sell BTC in the country.
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. Below is a list that you can try:
When we say sell your bitcoin, it means you want to get paid in fiat money.
In our case, we want to get paid in Pesos.
Here are some of the options for selling your bitcoins online.
If you already have bitcoins at Coins.ph, you can sell those coins directly using the platform.
Remember that there are a lot of things you can do with your Coins.ph account.
PH-Europe free trade agreement hits snag.
Redeem voucher cards you can buy in several locations in the Philippines.Closing a trade in profit.
What is forex market trading?The Philippine stock market using Microsoft Excel sheet. By Bitcoin ATM, Makati Philippines.
2 days ago – In an indication of what could be the end of the crypto winter, all the major cryptocurrencies including the Bitcoin and Ethereum haveBitcoin in the Philippines |
By 2010, at least among the first six signatories to the AFTA agreement. Bitnodes is currently being developed to estimate the size of the Bitcoin network by finding all the reachable nodes in the network.Here is an article that will tell you the about Bitcoin.
To transfer the Bitcoin that you bought in Abra or Coins.ph, you need your Bitcoin Address.