FTX Cryptocurrency Exchange
- Buy or sell crypto & NFTs
- Global liquidity on a high-volume exchange
- Competitive fees
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Buying Bitcoin (BTC) is quick and simple. It's a lot like buying stocks and can take as little as 15 minutes.
You just need to create an account with a crypto trading platform like FTX or Binance.
Keep reading for step-by-step instructions and a list of platforms you can use to buy Bitcoin in the Philippines.
To buy BTC all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.
If this is your first time buying cryptocurrency you'll need to look for a platform that accepts Philippine pesos, like FTX or Binance.
Don't worry too much about extra features or coins for now – you can always sign up with another exchange later.
Use the table to choose a platform that meets your needs and click the Go to site button to get started.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not PHP.
If you want to buy Bitcoin with Philippine pesos, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in the Philippines and requires you to upload some photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Once you've set up your account, you'll need to deposit funds to buy Bitcoin with. We've listed out some popular ways to buy BTC and what you should know about each payment method below.
First things first – you don't have to buy a whole Bitcoin.
Most exchanges let you buy as little as ₱5 worth of BTC, if not less. Just type in how much you want to spend in PHP and let the exchange work out the rest.
Some platforms only offer 1 way to buy Bitcoin, while others provide several choices. The 2 most common ways to buy BTC are on the spot market or with an "instant buy" feature.
If it's your first time buying Bitcoin this will be the fastest method – but also the least cost-effective.
You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.
It should feature a simple interface that lets you enter the amount of Bitcoin you want to buy, or Philippine pesos you want to spend.
This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.
Be prepared to pay a markup on BTC's market rate in exchange for the convenience.
If you see colourful charts with a range of prices, you're probably in the spot market.
The spot market is where buyers and sellers come together to place bids for BTC on the open market. It's usually the cheapest way to buy Bitcoin because it lets traders set their own price.
You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.
There are several different order types that you can make on the spot market.
There are dozens of different trading platforms to choose from when buying Bitcoin in the Philippines, so to help you find your best option, keep these factors in mind:
There are plenty of places to buy Bitcoin, and people in the Philippines can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered BTC exchange typically offers more convenience, but may have some downsides depending on your goals.
You shouldn't invest in any asset, including BTC without doing plenty of research first. Before you buy Bitcoin, make sure you understand and weigh up these risks:
Bitcoin is increasingly treated as a financial asset by governments around the world. This means that you may need to declare your BTC holdings at tax time and should consider consulting a tax professional to make sure you don't run afoul of the law.
If you want to buy Bitcoin, start by comparing a range of crypto brokers and exchanges available in the Philippines. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with the BSP for added peace of mind.
Remember that owning and using Bitcoin is not without its risks. Carefully consider investing in BTC as part of a wider strategy, and talk to a financial advisor if you have any questions.
Once you've bought some BTC, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet.
Yes, you can buy Bitcoin for ₱10 – and even less – depending on the platform you use.
Bitcoin can be divided into very small fractions, called Satoshi, and many investors choose to buy it in small recurring amounts like ₱5 a day.
Beginners will probably find it easiest to buy Bitcoin from a crypto exchange that offers instant purchases with PHP. Once you're feeling comfortable, buying Bitcoin on the spot market is usually a less expensive option, and many platforms have now made their trading interfaces beginner-friendly.
Bitcoin is widely considered as a high-risk asset, so you should "only invest what you can afford to lose."
To help cushion the highs and lows of market volatility, consider dollar-cost averaging (DCA). This involves buying small amounts of Bitcoin at regular intervals, such as every week or month. DCA removes some of the emotion from investing and can help support a long-term strategy.
The safest way to buy Bitcoin is through a reputable cryptocurrency exchange or broker that complies with the Philippines laws and regulations. Look for one that promotes stringent security measures such as registration with the BSP, KYC for all users, 2-factor authentication, and an insurance fund.
Once you've purchased some BTC, consider moving it into a self-custodial wallet for added security.
The best way to buy Bitcoin is to identify your investment goals first. Do you plan to trade frequently, or make a few purchases and hold long-term? For regular trading, fees are lowest on a spot market, while casual investors might feel the convenience of a higher-fee instant purchase is worthwhile.
Compare exchanges and trading platforms in our table to decide which is the best place to buy Bitcoin for you.
Disclaimer: Cryptocurrencies, including Bitcoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Bitcoin or any other cryptocurrency discussed.
This guide provides step-by-step instructions on how to buy EthereumPoW, lists some exchanges where you can get it and provides daily price data on (ETHW).
This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on (CBETH).
This guide provides step-by-step instructions on how to buy Wrapped Terra Classic, lists some exchanges where you can get it and provides daily price data on (LUNC).
This guide provides step-by-step instructions on how to buy tBTC, lists some exchanges where you can get it and provides daily price data on (TBTC).
This guide provides step-by-step instructions on how to buy Pawtocol, lists some exchanges where you can get it and provides daily price data on (UPI).
This guide provides step-by-step instructions on how to buy Shping, lists some exchanges where you can get it and provides daily price data on (SHPING).
This guide provides step-by-step instructions on how to buy Orca, lists some exchanges where you can get it and provides daily price data on (ORCA).
This guide provides step-by-step instructions on how to buy Moss Carbon Credit, lists some exchanges where you can get it and provides daily price data on (MCO2).
This guide provides step-by-step instructions on how to buy Measurable Data, lists some exchanges where you can get it and provides daily price data on (MDT).
This guide provides step-by-step instructions on how to buy Maple, lists some exchanges where you can get it and provides daily price data on (MPL).
Ang finder.com ay isang independienteng comparison platform at serbisyo sa larangan ng impormasyon na naglalayong magbigay ng sapat na kaalaman upang ikaw ay makagawa ng mas makabuluhang pagpapasya. Bagamat kami ay independiente, ang mga offers na makikita sa aming website ay mula sa mga kumpanya kung saan nakakatanggap ang finder.com ng kabayaran. Maaari kaming makatanggap ng kabayaran galing sa aming mga partners sa pamamagitan ng pagpapakita ng kanilang mga produkto o serbisyo. Maaari rin kaming makatanggap ng kabayaran sa mga pagkakataong i-click ng mga user ang ilang mga links na makikita sa aming website. Bagamat may iba’t ibang uri ng kompensasyon na nakakaapekto sa ayos o posisyon ng pagkakalagay ng impormasyon tungkol sa mga produkto, hindi ito nakakaapekto sa aming pagsusuri sa mga produktong ito. Maaari lamang na huwag ipakahulugan ang pagkakauna o pagkakahuli sa listahan ng mga produktong ipinapakita sa aming website bilang pag-endorso o rekomendasyon mula sa amin. Bagamat ang finder.com ay nagkokompara ng malawak na hanay ng mga produkto, tagapagtustos o serbisyo, maaaring isaalang alang na mayroong ibang mga opsyon na maaaring tangkilikin bukod sa mga produkto, tagatustos o serbisyong sakop ng aming serbisyo.