Cryptocurrency trading platform Philippines 2021
          

Cryptocurrency trading platform Philippines 2021

With the advent of digital currencies, many exchange platforms have sprung up, allowing users to exchange a digital currency, such as bitcoin, for other altcoins or fiat currency tokens. These have grown since digital currencies took the world by storm.

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

Nowadays, there are hundreds of exchanges, but one can get lost in their diversity. Users are looking for the best crypto-currency exchanges to multiply their capital. You should not entrust your assets to every service. At the same time, there are proven exchanges that have been in the market for a long time and are actively developing in their direction.

Coinbase

Coinbase exchange is a platform for trading tokens, coins, valuable assets, launched in 2012. Geographically, the Coinbase crypto-currency exchange is based in San Francisco (USA), the site also serves as a crypto-currency wallet.

Coinbase has official Facebook and Twitter accounts that are updated regularly to keep subscribers informed of the latest news. At Coinbase, the support team responds quickly via 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 intruders. Fast transactions are one of the advantages of Coinbase.

With more than 68 million verified customers, Coinbase is also one of the largest exchanges in the world, with services in more than 100 countries.

It is a beginner-friendly platform that is easy and intuitive to use. Coinbase Pro, on the other hand, can seem very intimidating as it is designed for experienced traders. Both offer sensible training materials tailored 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 is one of the first among all trading platforms, both in terms of actual trading volume and number of active users. It features rich functionality and a good level of security. Besides trading, you can also earn cryptocurrencies in other ways - strike, landing, IEO, futures trading.

The number of assets in crypto-currencies exceeds 185 and trading pairs - 599. Among them are popular and rare coins and tokens, there are all the leading currencies with maximum capitalization. This gives users greater freedom of action and allows them to make the most profitable transactions at any time.

The website also has its own NBB token - with the help of which you can reduce your commission fees and get other benefits.

On the site, you can use margin trading - trading with funds made available by the exchange in the form of a loan for 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, one of the first bitcoin enthusiasts, 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 crypto-currency platform to introduce a proof-of-stock system that cryptographically verifies whether exchange users' assets match those in Kraken wallets.

In general, Kraken caters to traders who trade at the high end of the crypto-currency spectrum, and is not suitable for those "looking for X's" among little-known tokens and projects. The limited selection of digital assets and the need for verification may alienate some traders. Traders who want to increase their income by buying and selling cryptocurrencies can use what is 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. Initially, the Bittrex platform worked as an exchange service for different currencies, but today it is one of the largest crypto-currency projects where you can trade almost all known crypto-currencies in the world.

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

The Bittrex platform's toolkit for working conveniently with crypto-currencies is an order of magnitude better than 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 gaining great popularity 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 crypto-currency exchanges, be prepared for a lot of new things to happen at Bitmex.

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

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

The Bitmex interface is simple and user-friendly. From the homepage, you can not only register, but also go directly to the platform for a more in-depth introduction 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 players in the crypto-currency exchange market, with daily trading volumes of over $1.6 billion. The founders initially saw the platform solely as a bitcoin platform for P2P margin funding. Over time, this concept was revised in favor of expanding the number of currencies traded on the exchange.

Bitfinex offers a customized trading terminal. You can change the appearance of the interface to suit your taste. The exchange is intended for the global market, which means that a good number of languages are supported. Previously, the Bitfinex platform had security issues, 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 significantly increased the popularity of the platform.

Unlike many competitors, Bitfinex offers fixed rates for deposits. Also, if you work with crypto-currencies, 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 appeared in 2012 and gained popularity in a short time. Today, the company is present in more than 200 countries around the world. It does not position itself as a middleman, but works as a P2P service. This means that bidders contact each other directly. On LocalBitcoins, you can exchange bitcoins in over 100 fiat currencies. It offers an escrow option to protect transactions. Its essence lies in the fact that once the trading starts, the specified amount of digital coins is sent to the site's reserve. So buyers can be sure that the money will be transferred even if the seller does not respond.

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

Immediately after authorization on the main page of the service, the system will select a number of online and offline bitcoin purchases made by other users. As a result, 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 the modern world, the number of crypto-currency exchanges is increasing every day, and it is sometimes difficult for traders to decide which platform to use for their business. Poloniex is one of the oldest crypto-currencies on the market. It was founded in the United States in 2014, when crypto-currencies were just gaining popularity.

The site features seamless transactions, open support, a high level of security and an extremely user-friendly interface that is sure to attract new users.

Please note that an authentication procedure is required on Poloniex. This is not the standard 2-FA (two-factor authentication), but a full-fledged verification with presentation of your documents to the site administration. For this reason, anonymous trading is not possible.

Poloniex staff regularly posts information on the latest important developments, either in their official resource, embedded in the support page, or on their Twitter feed. Both links can be found at the very 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-oriented. 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 describe it as the best crypto-currency exchange.

The exchange has its own KuCoin Share (KCS) token, which is listed in the TOP 50 crypto-currencies. By using the internal KuCoin token, users get discounts on commissions, as well as additional bonuses, just for balancing.

On the site, you will find the major crypto-currencies as well as young projects. In total, over 400 currency pairs are represented on KuCoin. The exchange's website is translated into 12 languages. Due attention is also paid to data security. KuCoin has a multi-level security system. Customer funds 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 crypto-currency exchange that offers secure access to buy and sell crypto-currencies at any time of the day. The platform has been around since 2014, and in that time it has built a reputation as a reliable exchange. BitPanda is registered in Austria. The exchange is completely open and does not hide any information about its license and team, which is why many people trust it.

The limits for buying and selling crypto-currencies depend on the verification level. There are four: initial, bronze, silver (verified) and gold. Full verification is a two-step process.

Let's start this part of our Bitpanda exchange review with the fact that the site described is more of an exchange than a full-fledged crypto-currency exchange. This can be explained by the fact that the site lacks analytical 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 launched in 2013. The platform is available in 226 countries and most of the US states. This makes it one of the simplest and most common options among similar services.

The service began in 2013 and has since offered services to purchase the two most popular fiat coins from your bank card.

The platform has no built-in wallet, and the purchased assets are transferred to the address provided by the user. This really makes the project more secure, as in case of hacking, the users' funds will not suffer.

The interface of the site is not translated and it is only available in English. The site itself is of very high quality and has a nice animated design.

It was recently reported that the developers are planning to update the functionality of the exchange. Users will be able to sell crypto-currencies. On the site there is a section with a blog, where you can find all the news about the work of the exchange. This is where the information about the addition of the exchange function 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 Bitcoin, launched in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to allow anyone who wants to buy Bitcoins to do so in a fast, transparent and secure way. In other words, Paxful is a p2p crypto-currency exchange, which means that the exchanges that take place there are done without intermediaries, directly from one participant to another by mutual consent.

It is interesting to note that a Paxful user can add a payment method of their choice that is not suggested on the platform.

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

To create an account, you must confirm your email address and phone number. This is a conditional basic verification that allows you to work up to $1,000. 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 trade, buy or sell cryptocurrencies at the current market rate. The exchange attracts traders from the United States, Europe and Asia, with minimal requirements to get started, low commission fees and a constantly growing list of currencies.

A wide choice of trading instruments, high liquidity in popular markets, a good reputation built over the years, new technologies for selecting matches for immediate order execution and much more attract users.

The English interface does not hinder the work - the site navigation is comfortable and intuitive. The distinctive features of the site are the absence of mandatory verification and restrictions on adding and withdrawing funds from the account. HitBTC's high level of security guarantees the safety of your funds and personal information:

  • 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 watch out for. This article is of course 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 navigate, good luck!

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Astropay
Metro Bank
Banco De Oro