Best bitcoin exchange Philippines 2021
          

With the rise of digital currencies, many exchange platforms have emerged that offer users the ability to convert a digital currency, such as bitcoin, into other altcoins, tokens or fiat. They have grown in size since digital currencies have taken over the world.

A crypto-currency exchange is a platform where users can buy and sell digital coins online. In addition to trading coins electronically, crypto-currency exchanges also offer the ability to store coins in wallets and earn rewards by betting.

There are hundreds of exchanges available today, but you may be confused by the variety. Users are looking for the best crypto-currency exchanges to increase their capital. You should not entrust your assets to every site. At the same time, there are proven exchanges that have been on the market for a long time and are actively developing in your direction.

Coinbase

Coinbase is a token, coin and asset exchange platform launched in 2012. Geographically, Coinbase Cryptocurrency Exchange is located in San Francisco, USA, and the site also serves as a crypto-currency wallet.

Coinbase has official Facebook and Twitter accounts, which are regularly updated to keep subscribers informed of the latest news. Coinbase's support team responds quickly via phone and chat. The information exchange supports seven languages.

The user-friendly interface makes working with the digital wallet extremely easy. Cold storage of coins safely protects user funds from the actions of intruders. The speed of transactions is one of the advantages of Coinbase.

Coinbase, with over 68 million authenticated customers, is also one of the world's leading exchanges, offering services in over 100 countries.

It is a simple and intuitive platform for beginners. Coinbase Pro, on the other hand, may seem very complex, as it is designed for experienced traders. Both offer substantial training materials that are well-targeted to the target client:

  • 23 types of coins.
  • The rates charged for all operations under $200 are as follows: $ 0.99 - $ 2.99 - for operations from $ 0 to $ 200; for over $ 200, a fixed interest rate comes into play. Its size depends on the payment method.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol;
    All wallets keys are protected by AES-256 encryption. Only 2% of her clients' cryptocurrency funds are stored online, and they are insured in case of loss.
  • Android and iOS app.

Binance

The Binance crypto-currency exchange ranks among the best of all trading platforms, both in terms of actual trading volume and number of active users. It has rich functionality and a good level of security. In addition to trading, it gives you the opportunity to earn crypto-currencies in other ways - stacking, landing, IEO, futures trading.

The number of crypto-currency assets exceeds 185 and trading pairs 599. These are popular and rare coins and tokens; there are all major coins with maximum capitalization. This allows users to have more freedom of action and make the most profitable transactions of the moment.

The website also has its own NBB form - you can use it to reduce the cost of commissions and enjoy other benefits.

On the website, you can take advantage of margin trading, which means that you can trade using funds provided by the exchange as a loan at a certain percentage. Unverified clients can trade with leverage:

  • 740 different crypto and fiat pairs, including own token BNB.
  • Binance offers competitive trading fees (commissions): 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.

Kraken

The Kraken crypto-currency exchange was founded in 2011 by Jesse Powell, an early Bitcoin enthusiast, as an alternative to the (now closed) Mt.Gox exchange.

Kraken is one of the few major exchanges with an impeccable reputation for security. It was the first cryptocurrency exchange to implement a reserve validation system that cryptographically verifies that exchange users' balances match Kraken wallet balances.

Overall, Kraken caters to traders who trade high-level crypto-currency assets and is not suitable for those "looking for the X" between tokens and little-known projects. The limited selection of digital assets and the need for verification may discourage some traders. Traders looking to increase their income by buying and selling crypto-currencies can take advantage of so-called "leverage" :

  • 8 tokens are available for.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.

Bittrex

Bittrex is an exchange that was founded in 2014. Originally, the Bittrex platform worked as an exchange service for various currencies, but today it is one of the largest cryptoprojects where you can exchange almost every known crypto-currency in the world.

Bittrex has some of the strongest security measures you'll find, not to mention two-factor authentication. The Bittrex exchange is available worldwide. However, it should be noted here that each country has different requirements for user verification and the verification process.

The Bittrex platform's suite of tools for easily handling crypto-currencies is far superior to most of its peers. It is one of the most secure and feature-rich applications you can find today. Unfortunately, the exchange is not yet available in many languages, but that doesn't stop it from gaining popularity among crypto-currency investors around the world:

  • 250+ trading pairs are available.
  • Topping up your euro account is available via SEPA credit transfer, international bank transfer, bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA), IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

BitMex

Bitmex is an unusual and very popular exchange. Even if you have experience with crypto-currency exchanges, be prepared for a lot to be new with Bitmex.

The Bitmex platform was founded by professionals with years of experience in the financial sector, who do not hide their identity and present information about themselves on the exchange's website. The exchange has been officially registered offshore in the Seychelles, with its headquarters in Hong Kong. Bitmex organizers position the site as an exchange for professionals, which is true in general - it will not be easy for a newcomer to understand its intricacies. But it's worth a try, as the exchange has a number of advantages.

It has all the tools you need not only to buy and sell cryptocurrencies, but also to speculate and invest.

The Bitmex interface is simple and easy to use. From the homepage, you can not only register, but also go directly to the platform to learn more before opening a trading account:

  • 55 trading pairs.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.

Bitfinex is a large exchange owned by Hong Kong-based iFinex Inc. The exchange is among the largest participants in the crypto-currency exchange market, with a daily trading volume of over $1.6 billion. Initially, the founders saw the platform solely as a bitcoin platform for P2P margin funding. Over time, the concept was revised in favor of increasing the number of coins in circulation.

Bitfinex offers a dedicated trading terminal. You can customize the look and feel of the interface to your liking. The exchange is globally oriented, which means that many languages are supported. The Bitfinex platform used to have security issues, but the management has addressed this by strengthening the security of the Bitfinex platform. The exchange now offers a fairly high level of security, which has significantly increased the popularity of the platform.

Unlike many competitors, Bitfinex has a flat deposit fee. Also, if you work with crypto-currencies, there are no commissions at all.

  • Over 140 coins and 300 trading pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $ 20;Minimum fee for withdrawing fiat money is $ 60; With the minimum currency turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.

Localbitcoins

LocalBitcoins appeared in 2012 and managed to gain popularity in a short time. Today, the company is present in over 200 countries. It does not position itself as a middleman, but works as a P2P service. That is, competitors interact directly with each other. Over 100 fiat currencies can be used to exchange bitcoins on LocalBitcoins. It offers an escrow option to protect business. Its essence is that once the exchange begins, a set amount of digital coins is sent to the site's reserve. This gives buyers peace of mind for the money transferred, even if the seller does not respond.

Many agree that it is one of the largest crypto-currency exchanges, as it serves citizens from over 200 countries.

Immediately after logging in to the homepage of the site, the system will retrieve various online and offline bitcoin purchase offers created by other users. In this way, the "Quick Buy" tab will be active:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.

Poloniex 

In today's world, the number of crypto-currency exchanges is increasing day by day, and traders sometimes have a hard time deciding which platform to use for their business. Poloniex is one of the oldest crypto-currency exchanges on the market. It was established in the United States of America in 2014, when crypto-currencies were just gaining popularity.

The site features seamless transactions, open support, a high degree of security and an extremely user-friendly interface that definitely appeals to newcomers.

Please note: In the case of Poloniex, a verification procedure is required. This is not a standard 2-FA authentication, but a full verification with sending your documents to the service administration. For this reason, it is not possible to make anonymous exchanges.

Poloniex staff regularly posts information about the latest important changes, either on their official resources included in the support site or on their Twitter feed. Both links are available at the bottom of the News Box page:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%. Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends adding two-factor authentication to your account.
  • Mobile application.

Kucoin

KuCoin has a reputation for being one of the most successful and is very customer-centric. It is a Hong Kong-based crypto-currency exchange that entered the market in 2017. It is one of the few young projects that quickly gained popularity among a large number of users. Users call it the best crypto-currency exchange.

The exchange has its own KuCoin Share (KCS) token, which is ranked among the top 50 crypto-currencies. By using the internal KuCoin token, users receive discounts on commissions as well as additional bonuses simply by keeping it on their balance.

You can find both large crypto-currencies and young projects on the site. In total, over 400 currency pairs are represented on KuCoin. The exchange's website is translated into 12 languages. Special attention is also paid to data security. KuCoin has a multi-level security system. Customer funds are stored on cold servers and transactions are separately confirmed in a special way:

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application .

Bitpanda

Bitpanda is a European crypto-currency exchange that offers secure access to buy and sell crypto-currencies around the clock. The platform has been around since 2014 and has earned a reputation as a reliable exchange over that time. BitPanda is registered in Austria. The exchange is completely open and does not hide information about its license and team, which is why many people trust it.

The restrictions on buying and selling crypto-currencies depend on the verification level. There are four levels: Initial, Bronze, Silver (verified) and Gold. Full verification consists of two steps.

Let's start this part of our Bitpanda review with the fact that the site described is more of an exchanger than a true crypto-currency exchange. This can be explained by the fact that the site lacks analytical tools (charts, diagrams), currency pairs, margin trading, etc:

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys. Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.

Coinmama

Coinmama was launched in 2013. The platform is available in 226 countries and most of the US states. This makes it one of the easiest and most common options among similar services.

The service was launched in 2013 and has since offered services to buy the two most popular currencies with fiat money from a bank card.

The platform has no built-in wallet, and the purchased items are transferred to an address specified by the user. This actually makes the project more secure, as user funds will not be affected in case of hacking.

The website interface is not translated and is only available in English. The website itself is of very good quality and features a nice cartoon.

According to recent reports, the developers are planning to update the functionality of the exchange. Users will be able to sell crypto-currencies. The website has a section with a blog, where you can find all the news about the exchange operation. This is where the information on how to add the exchange functionality should appear:

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%. Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information.
  • Mobile app.

Paxful

Paxful is an international P2P marketplace for buying and selling bitcoins, launched in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to enable anyone who wants to buy bitcoins to do so quickly, transparently and securely. In other words, Paxful is a p2p crypto-currency exchange, which means that the exchange takes place without intermediaries, directly from one participant to another by mutual agreement.

It is interesting to note that a Paxful user can add his own payment method, which is not displayed on the platform.

In five years of operation, Paxful has become one of the leading peer-to-peer bitcoin exchange marketplaces used by millions of people around the world. Paxful has an excellent support team. If you have any questions about storing, buying or selling bitcoins, the operators will respond as soon as possible.

To create an account, you need to verify your email address and phone number. This is a basic verification that allows you to trade up to $1000. The USDT wallet is not available:

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $ 0 - $ 9.99 = 0.0001 BTC$ 10 - $ 19.99 = 0.0002 BTC;More than $ 20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.

HitBTC

HitBTC is a popular exchange platform where you can trade, buy or sell cryptocurrencies at the current market rate. The exchange attracts traders from the United States, Europe and Asia due to its minimal startup requirements, low commission rates and a constantly growing list of currencies.

The wide range of trading instruments, the high liquidity of popular markets, the good reputation acquired over the years, the new matching technology for instant order execution and much more attract users.

The English interface does not make it difficult to work with - the site is easy and intuitive to navigate. The distinctive features of the site are the absence of mandatory verification and limits on deposits and withdrawals. HitBTC's high level of security guarantees the safety of funds and personal information of users:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

Security, liquidity, commissions, history, markets and user experience are all things to look out for. Of course, this article is only a brief overview and you should choose the platform you like and learn more about the website or read the reviews. But this overview will help you get your bearings, good luck!

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