Buy crypto in Philippines

Crypto is legal in the Philippines and the central bank (BSP) licenses Virtual Asset Service Providers, while the SEC oversees crypto securities. Adoption is high — the country was a global epicentre of play-to-earn gaming, and crypto is widely used for the remittances that form a major part of the economy. Local exchange Coins.ph and PDAX are popular alongside Binance.

Gains are generally taxable as income, though enforcement on retail investors has historically been light; the Bureau of Internal Revenue is increasing focus on digital assets. Funding is easy through bank transfers and popular e-wallets like GCash and Maya, which integrate with local exchanges. P2P trading is also common for accessing better rates and global platforms.