How to Start Trading Crypto in the Philippines: Step-by-Step

Start trading crypto in the Philippines now while digital assets are on the rise. In 2025, over 52% of Filipinos already own cryptocurrency, according to the latest YouGov data. Crypto is no longer just a tech buzzword—it’s a viable investment and income stream.

With local platforms like Coins.ph and PDAX, and fast payment options via GCash and Maya, you can start trading crypto in just a few steps—even without a background in finance or tech.

Is It Legal to Start Trading Crypto in the Philippines?

Yes, you can legally start trading crypto in the Philippines. The Bangko Sentral ng Pilipinas (BSP) regulates Virtual Asset Service Providers (VASPs) to ensure consumer protection and market integrity.

Legal Activities:

• Buy, sell, and hold crypto assets
• Use BSP-registered exchanges
• Send/receive crypto domestically or globally

Illegal Activities:

• Operating an unregistered exchange
• Soliciting crypto investments without SEC approval
• Participating in scams or “get-rich-quick” schemes

How to Start Trading Crypto in the Philippines: Step-by-Step (2025)

Step 1: Choose a Licensed Crypto Trading Platform

To start trading crypto safely, sign up with a BSP-accredited exchange. These platforms follow strict Know-Your-Customer (KYC) and Anti-Money Laundering (AML) policies.

Top Crypto Trading Platforms in the Philippines:

• Coins.ph – Beginner-friendly, mobile-first, supports PHP
• PDAX – BSP-regulated, good for low-fee PHP trading
• Binance P2P – Great for flexible trading, but requires user caution
• BloomX – Institutional-grade exchange for experienced traders

Tip: Always check the BSP list of licensed VASPs before registering.

Step 2: Verify Your Identity to Start Trading Crypto

After signing up, complete identity verification to unlock trading features.

Required documents:

• Valid ID (e.g., passport, driver’s license, UMID)
• Selfie or facial scan
• Proof of billing (optional, depending on exchange)

KYC approval typically takes 10 minutes to 48 hours.

Step 3: Fund Your Wallet Before You Start Trading Crypto

Once verified, you need to deposit Philippine Peso (PHP) to your wallet.

Funding methods:

• GCash / Maya
• Bank transfers (Instapay, PESONet)
• Over-the-counter (7-Eleven, Cebuana, etc.)

Most exchanges allow deposits starting at ₱50–₱200.

Step 4: Choose the Best Cryptocurrency to Start Trading

When you start trading crypto, it’s smart to begin with popular, stable coins:

Tip: You don’t need to buy a whole Bitcoin—you can start with as little as ₱100.

Step 5: Place Your First Trade and Start Trading Crypto

There are two main ways to place your first crypto trade:

• Market Order: Buys/sells instantly at current price
• Limit Order: Executes only at your desired price

Steps to Start Trading Crypto:

1. Go to your exchange dashboard
2. Choose your trading pair (e.g., PHP/BTC)
3. Input your desired amount
4. Click “Buy” or “Sell”
5. Confirm the transaction

Most platforms provide real-time charts and order books.

Secure Your Assets After You Start Trading Crypto

Don’t leave your investments unprotected. Once you start trading crypto, you must take responsibility for securing it.

Wallet Options:

• Exchange Wallets – Convenient but vulnerable to hacks
• Software Wallets – Apps like Trust Wallet or MetaMask
• Hardware Wallets – USB-like devices (e.g., Ledger, Trezor) for maximum security

For long-term storage, hardware wallets are the safest.

Crypto Trading Tips for Beginners in the Philippines

• Start small – Invest only what you can afford to lose
• Research coins before buying
• Enable 2FA (Two-Factor Authentication)
• Stay updated with BSP regulations and market news
• Avoid scams that promise guaranteed returns

Crypto Taxes in the Philippines (2025 Update)

The Bureau of Internal Revenue (BIR) classifies crypto as a digital asset, subject to capital gains tax if sold at a profit.

You must declare if:

• You sell crypto for profit
• Receive crypto as payment
• Stake or mine crypto with rewards

Tip: Use crypto tax reporting software or consult a licensed accountant.

Start Trading Crypto and Take Advantage of These Benefits

• Diversify your income stream
• Trade 24/7 using mobile or desktop apps
• Access global finance from your phone
• Send or receive borderless remittances
• Automate trades with tools like bots or stop-loss settings

Final Thoughts: Start Trading Crypto in the Philippines Today

If you’ve been waiting to start trading crypto, 2025 is the perfect time. With reliable local exchanges, improved regulatory clarity, and a thriving crypto community, now is your chance to grow your digital wealth.

Whether you’re a beginner or a side hustler, all you need is:

• A valid ID
• A smartphone
• Internet access
• ₱50 to ₱100 to begin

– Educate yourself
– Trade smart
– Secure your future with crypto