Cryptocurrency exchange Philippines 2021
          

With the advent of digital currencies, many exchange platforms have emerged that offer their users the opportunity to exchange a digital currency, such as Bitcoin, for other altcoins, tokens or fiat. These have gained momentum since digital currencies have taken over the world.

A cryptocurrency exchange is a platform where users can buy and sell digital currencies online. In addition to trading digital currencies, cryptocurrency exchanges also offer the ability to store coins in wallets and receive rewards for their bets.

Currently, there are hundreds of exchanges, but you can get lost in the diversity of them. Users are looking for the best cryptocurrency exchanges to increase their capital. Not all services should be trusted with their assets. At the same time, there are proven exchanges that have been in the market for a long time and are actively developing in your direction.

Coinbase

The coin exchange is a platform for trading tokens, coins, and securities that was launched in 2012. Geographically, the Coinbase cryptocurrency exchange is located in San Francisco (USA), and the website also serves as a cryptocurrency wallet.

Coinbase has official Facebook and Twitter accounts that are regularly updated to inform subscribers of the latest news. On Coinbase, the support team responds quickly by phone and live chat. The exchange supports seven languages.

The user-friendly interface makes working with the digital wallet extremely easy. Cold storage of coins reliably protects users' funds from the actions of attackers. Fast transactions are one of the advantages of Coinbase.

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

It is an easy and intuitive platform to use for beginners. Coinbase Pro, on the other hand, can be very daunting, as it is designed for experienced traders. Both offer useful training material that is tailored to the target customer:

  • 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 cryptocurrency exchange is one of the first among all trading platforms, both in terms of actual trading volume and in terms of the number of active users. It is characterized by extensive functions and a high level of security. In addition to trading, you can also earn cryptocurrencies in other ways - through stakes, landings, IEO and futures trading.

The number of cryptocurrency assets exceeds 185, and the number of trading pairs - 599. Among them are popular and rare coins and tokens, there are all the major coins with maximum capitalization. This gives you more freedom of action and allows you to make the most profitable trades at any time.

The website also has its own NBB form - with its help you can reduce your commission costs and receive other benefits.

On the website, the client can take advantage of margin trading - the client trades with funds that the exchange provides to the client in the form of a credit at a certain percentage. Non-verified 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 cryptocurrency 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 and was the first cryptocurrency platform to introduce a proof-of-reserve system that cryptographically verifies that the balances of exchange users match those in Kraken's wallets.

In general, Kraken focuses on traders who trade high-level cryptocurrencies and is not suitable for those looking for the "X" between tokens and little-known projects. The limited choice of digital assets and the need for verification may deter some traders. Traders who want to increase their income from buying and selling cryptocurrencies can use 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 served as an exchange for various currencies, but now it is one of the largest cryptocurrency projects where you can trade almost all known cryptocurrencies in the world.

Bittrex has some of the most stringent security measures you are likely to come across, not to mention two-factor authentication. The Bittrex exchange is available worldwide. However, it is important to mention here that each country has its own requirements for the user verification and validation process.

The Bittrex platform's toolset for convenient cryptocurrency work is an order of magnitude better than that of most of its counterparts. It is one of the most secure and feature-rich applications you can find today. Unfortunately, the exchange is not yet available for many languages, but that doesn't stop it from being very popular among cryptocurrency traders 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 exchanging cryptocurrencies, you should be prepared for the fact that much is new at Bitmex.

The Bitmex platform was founded by professionals with years of experience in finance who do not hide their faces and present information about themselves on the exchange's website. The exchange has received an official offshore registration - in the Seychelles, the company's headquarters are in Hong Kong. The organizers of Bitmex position the site as an exchange for professionals, and it usually is - a beginner will not easily understand the intricacies of the site. But it's worth a try, because the exchange has a number of advantages.

It has all the necessary tools not only for buying and selling cryptocurrencies, but also for speculation and investment.

The Bitmex interface is simple and user-friendly. From the homepage, you can not only register, but also go directly to the platform to become completely familiar with it 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 one of the largest participants in the cryptocurrency trading market, with a daily trading volume of over $1.6 billion. The founders initially saw the platform only as a low-cash platform for P2P margin funding. Over time, that concept was revised in favor of expanding the number of coins traded on the exchange.

Bitfinex offers a customized trading terminal. You can customize the appearance of the user interface according to your wishes. The exchange is geared towards the global market, which means that a wide variety of languages are supported. Previously, the Bitfinex platform had security problems, but the management has solved this problem by strengthening the security of the Bitfinex platform. Now the exchange offers a fairly high level of security, which has dramatically increased the popularity of the platform.

Unlike many competitors, Bitfinex has fixed fees for deposits. In addition, if you work with cryptocurrencies, there is no commission.

  • 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 emerged in 2012 and managed to gain popularity in a short time. Today, the company is active in more than 200 countries worldwide. It does not position itself as an intermediary, but works as a P2P service. This means that the bidders contact each other directly. At LocalBitcoins you can trade Bitcoin in over 100 fiat currencies. It offers an escrow option to protect transactions. The essence of the system is that the specified amount of digital coins is transferred to the website's escrow as soon as trading begins. Buyers can therefore be sure that they will receive the transferred money, even if the seller does not respond.

Many agree that it is one of the largest cryptocurrency exchanges, serving citizens of over 200 countries.

Immediately after authorization on the service's main page, the system selects a number of online and offline bitcoin purchase offers created by other users. Thus, the "Quick Buy" tab becomes 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 the modern world, the number of cryptocurrency exchanges is growing daily and sometimes it is difficult for traders to decide which platform to use for their trades. Poloniex is one of the oldest cryptocurrencies on the market. It was founded in 2014 in the United States of America, just when cryptocurrencies were gaining popularity.

The website features transparent transactions, open support, a high level of security, and an extremely easy-to-use interface that definitely attracts new users.

Please note that Poloniex requires a verification process. This is not the standard 2-FA authentication but a full verification with transmission of your documents to the site administration. For this reason anonymous trading is not possible.

Poloniex staff provide regular updates on the latest important developments, either in their official resources embedded on the support page, or on their Twitter feed. Both links can be found at the bottom of the page, in the news block:

  • 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 customer-focused companies. It is a Hong Kong-based cryptocurrency 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 cryptocurrency exchange.

The exchange has its own KuCoin Share Token (KCS), which is in the TOP 50 of the cryptocurrency rankings. With the internal KuCoin token, users receive discounts on commissions, as well as additional bonuses if they have the token to their credit.

On the site you can find the major cryptocurrencies as well as young projects. In total, more than 400 currency pairs are represented on KuCoin. The exchange's website has been translated into 12 languages. Data security is also taken into due consideration. KuCoin has a multi-layered security system. Customer balances are stored on cold servers and transactions are confirmed separately 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 cryptocurrency exchange that offers secure access to buy and sell cryptocurrencies at any time of the day. The platform has been around since 2014 and has gained a reputation as a reliable exchange during that time. BitPanda is registered in Austria. The exchange is completely open and does not hide any information about its license and staff, which is why many people trust it.

The limits for buying and selling cryptocurrencies depend on the verification level. There are four of them: Initial, Bronze, Silver (verified) and Gold. Full verification consists of two levels.

Let's start this part of our Bitpanda exchange review with the fact that the website described is more of an exchange than a real cryptocurrency exchange. This can be explained by the fact that the website does not include analysis tools (charts, graphs), 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 founded in 2013. The platform is available in 226 countries and most states in America. This makes it one of the easiest and most widely used options among similar services.

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

The platform does not have an integrated wallet. Purchased goods are transferred to the address provided by the user. This makes the project really safe, because in case of a hack, the users' funds are not affected.

There is no translation interface and the site is only available in English. The site itself is of very good quality and has a nice, lively design.

It was recently reported that the developers are planning to update the functionality of the exchange. Users will be able to sell cryptocurrencies. On the website, there is a section with a blog where you can find all the news about the exchange work. Information about the addition of the exchange feature should appear there:

  • 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 Bitcoin, founded in 2014 by Estonian and American entrepreneurs. The main goal of Paxful is to allow anyone who wants to buy bitcoin to buy bitcoin quickly, transparently, and securely. In other words, Paxful is a p2p cryptocurrency exchange, which means that exchanges take place without intermediaries, directly from one participant to another by mutual agreement.

Interestingly, a Paxful user can add a payment method on their own that is not displayed on the platform.

In its five years of existence, Paxful has become one of the leading marketplaces for Bitcoin trading, used by millions of people around the world. Paxful has a great support team. If you have any questions about storing, buying or selling bitcoin, the operators will answer them as soon as possible.

To open an account, you need to verify your e-mail address and your telephone number. This is a basic conditional verification that allows you to trade up to $1,000. 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 trading platform where you can exchange, buy or sell cryptocurrencies at the current market rate. The exchange attracts traders from the United States, Europe, and Asia with minimal entry requirements, low commission fees, and a constantly growing list of currencies.

A wide range of trading instruments, high liquidity on popular markets, a good reputation developed over the years, new technologies for selecting matches for instant order execution, and much more attract users.

The English interface does not hinder work - navigation through the site is convenient and intuitive. The website is characterized by the fact that there is no mandatory verification and the replenishment and withdrawal of funds from the account is limited. HitBTC's high level of security ensures the safety of your funds and personal data:

  • 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 ease of use are all points that you should pay attention to. Of course, this article is only a brief overview and you will have to choose the platform you like and read about it on the website or read reviews. But this overview will help you find your way. Good luck!

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