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What is the best crypto exchange in Philippines? Updated May 2026

The best crypto exchange in Philippines in 2026 is Bybit — offering up to 30,000 USDT. 13 exchanges are available in Philippines, including 5 without KYC.

The Philippines has strong crypto adoption driven by remittances, mobile-first users, and play-to-earn gaming. The Bangko Sentral ng Pilipinas (BSP) regulates crypto exchanges as Virtual Asset Service Providers.

Active Market Crypto trading openly permitted with established framework.
High Adoption Based on global adoption indices and trading volume data.
5 No-KYC Exchanges Trade without full identity verification. Withdrawal limits apply.
Local Currency PHP
Payment Methods p2p · bank transfer · card · crypto
Available Exchanges 13
No-KYC Options 5

The Philippines has strong crypto adoption driven by remittance use cases and mobile-first users. Most major international exchanges accept Filipino users.

Top 3 Exchanges for Philippines

Ranked by local payment support, KYC policy and exchange quality.

Top Pick for Philippines

Bybit

9.8 30M+ users
Up to 30 000 USDT

Bybit offers one of the most competitive crypto welcome bonus packages with up to 30,000 USDT for new users who deposit and trade.

Best for: Futures tradersCopy trading beginners
Deposit Futures KYC Required
💳 Supports: Crypto · Card · P2P

Binance

9.7 185M+ users
Up to 19 800 USDT

Binance is the world's largest crypto exchange by trading volume, offering a comprehensive ecosystem including spot, futures, P2P and DeFi services.

Best for: High-volume tradersFutures traders
Deposit Futures KYC Required
💳 Supports: Crypto · Card · P2P · Bank

OKX

9.6 50M+ users
Up to 5000 USDT

OKX rewards new users with mystery boxes worth up to 10,000 USDT, unlocked through deposits and trading activity on one of the industry's most trusted tier-1 platforms.

Best for: Advanced tradersDeFi & Web3 users
Deposit Futures Trading KYC Required
💳 Supports: Crypto · Card · P2P · Bank

All Available Exchanges in Philippines

# Exchange Welcome Bonus Type KYC Score Action
2
Binance 📈 Best Futures Best for: High-volume traders · Futures traders 185M+ users
UP TO 19.8K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 50–200 USDT; 19,800 USDT max requires high futures volume
Deposit
KYC 9.7 View →
3
OKX 📈 Best Futures Best for: Advanced traders · DeFi & Web3 users 50M+ users
UP TO 5K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 50–300 USDT
Deposit
KYC 9.6 View →
4
MEXC ✓ No KYC · No Deposit Best for: No-KYC users · Altcoin traders
UP TO 10K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 30–150 USDT
Deposit
No KYC 9.4 No KYC →
5
Bitget 📈 Best Futures Best for: Copy trading users · Futures traders 20M+ users
UP TO 6.2K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 100–400 USDT
Deposit
KYC 9.3 View →
6
KuCoin ✓ No KYC Best for: No-KYC preferred · Altcoin hunters 40M+ users
UP TO 11K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 20–100 USDT
Deposit
No KYC 9.2 No KYC →
7
Gate.io Best for: Altcoin traders · Experienced traders
UP TO 3K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 50–200 USDT
Deposit
KYC 9.1 View →
8
BingX 📈 Best Futures Best for: Beginner traders · Social & copy trading
UP TO 5K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 50–250 USDT
Deposit
KYC 9.0 View →
9
HTX Best for: Asian market traders · Experienced users
UP TO 2K USDT
Updated recently ⏳ Limited 🌍 Regional
Voucher-based; most earn 50–200 USDT
Deposit
KYC 8.9 View →
10
Phemex ✓ No KYC Best for: Active futures traders · No-KYC preferred
Active offer
Updated recently ⏳ Limited 🌍 Regional
Most users earn 50–350 USDT
Deposit
No KYC 8.8 No KYC →
11
LBank Best for: Emerging market users · Early token hunters
Active offer
Updated recently ⏳ Limited 🌍 Regional
Most users earn 10–50 USDT
Deposit
KYC 8.4 View →
12
CoinEx ✓ No KYC · No Deposit Best for: No-KYC beginners · Low-fee traders
UP TO 500 USDT
Updated recently ⏳ Limited 🌍 Regional
No-deposit start; most earn 10–60 USDT
Deposit
No KYC 8.7 No KYC →
13
Bitunix ✓ No KYC Best for: No-KYC users · Futures newcomers
UP TO 1K USDT
Updated recently ⏳ Limited 🌍 Regional
Most users earn 30–120 USDT
Deposit
No KYC 8.5 No KYC →
Binance 📈 Best Futures
Up to 20K USDT
Updated recently
Deposit KYC ★ 9.7 185M+ users
OKX 📈 Best Futures
Up to 5K USDT
Updated recently
Deposit KYC ★ 9.6 50M+ users
MEXC ✓ No KYC · No Deposit
Up to 10K USDT
Updated recently
Deposit No KYC ★ 9.4
Bitget 📈 Best Futures
Up to 6K USDT
Updated recently
Deposit KYC ★ 9.3 20M+ users
KuCoin ✓ No KYC
Up to 11K USDT
Updated recently
Deposit No KYC ★ 9.2 40M+ users
Gate.io
Up to 3K USDT
Updated recently
Deposit KYC ★ 9.1
BingX 📈 Best Futures
Up to 5K USDT
Updated recently
Deposit KYC ★ 9.0
HTX
Up to 2K USDT
Updated recently
Deposit KYC ★ 8.9
Phemex ✓ No KYC
Active offer
Updated recently
Deposit No KYC ★ 8.8
LBank
Active offer
Updated recently
Deposit KYC ★ 8.4
CoinEx ✓ No KYC · No Deposit
Up to 500 USDT
Updated recently
Deposit No KYC ★ 8.7
Bitunix ✓ No KYC
Up to 1K USDT
Updated recently
Deposit No KYC ★ 8.5

Bonus amounts are advertised maximums in the exchange's native currency (USDT, USD, etc.) and are not guaranteed. Actual rewards depend on deposit size, trading volume, tasks completed and regional eligibility. Affiliate disclosure · How we rank · Full disclaimer.

How to Fund Your Exchange in Philippines

These are the most common ways to deposit funds onto a crypto exchange from Philippines. Availability depends on the specific exchange — check the deposit page after registering.

1
P2P Trading
Buy USDT with PHP directly via P2P desks on Bybit and MEXC — the most popular funding method for Filipino users.
2
Bank Transfer
BDO, BPI, UnionBank and other PH banks are supported via P2P counterparties on most major exchanges.
3
Card
Visa and Mastercard accepted by most international exchanges for direct PHP-to-crypto purchases.

Always verify current deposit methods on the official exchange website before registering. Methods and availability can change without notice.

Bonus Types Available in Philippines

Browse bonus categories with at least one exchange available in Philippines.

Crypto Bonuses in Philippines — FAQ

Which exchanges are available in Philippines?

13 exchanges on CryptoBonusWorld accept users from Philippines. Our top pick for Philippines is Bybit — selected for its payment support and suitability for local users. Always confirm current availability on the official exchange website as this can change.

Is crypto trading legal in Philippines?

Regulatory status: Active Market. Crypto trading openly permitted with established framework. CryptoBonusWorld does not provide legal or tax advice. Crypto regulations in Philippines may evolve. Always check the current legal status of crypto trading and any applicable taxes in your jurisdiction before registering on an exchange.

What payment methods can I use to fund a crypto exchange in Philippines?

Common funding methods for Philippines users include: p2p, bank transfer, card, crypto. The most popular method is P2P Trading: Buy USDT with PHP directly via P2P desks on Bybit and MEXC — the most popular funding method for Filipino users. Availability varies by exchange. Check the specific payment method section of each exchange before registering.

Do I need KYC to trade on exchanges in Philippines?

5 of the 13 exchanges available in Philippines offer initial access without full KYC verification: MEXC, KuCoin, Phemex and others. KYC is standard in the Philippines given BSP regulations. MEXC and KuCoin offer limited no-KYC access, but full features and withdrawals require identity verification in line with local requirements.

What is the best welcome bonus for users in Philippines?

The highest available bonus for Philippines users is up to 30,000 USDT. Bybit is our top-rated pick for Philippines users based on local payment support, KYC policy and overall platform quality. All 13 exchanges on our list accept users from Philippines — sort by bonus amount or rating to find the best fit for your trading style.

Are there no-KYC crypto exchanges in Philippines?

Yes — 5 exchanges available in Philippines allow trading without full identity verification: MEXC, KuCoin, Phemex and others. No-KYC accounts typically have daily withdrawal limits. KYC is standard in the Philippines given BSP regulations. MEXC and KuCoin offer limited no-KYC access, but full features and withdrawals require identity verification in line with local requirements. Note that regulations may require KYC for larger transactions or fiat withdrawals.

How do I deposit money on a crypto exchange in Philippines?

The most popular funding method for Philippines users is P2P Trading: Buy USDT with PHP directly via P2P desks on Bybit and MEXC — the most popular funding method for Filipino users. Other available methods include Bank Transfer, Card. Availability varies by exchange — check the Deposit section after registration for your account's options.

Is crypto safe in Philippines?

Crypto exchanges themselves do not eliminate all risk. To trade safely in Philippines: (1) Use regulated or established exchanges with a track record — see our recommendations above. (2) Enable two-factor authentication immediately after registration. (3) Do not store large amounts on exchanges — use a hardware wallet for significant holdings. (4) Use P2P only with verified, high-rating counterparties. CryptoBonusWorld does not provide investment advice. Crypto is highly volatile and regulations in Philippines may change.

Risk Warning: Crypto trading involves significant risk of loss. Bonuses may include KYC requirements, deposit conditions, trading volume requirements and expiration dates. Bonus terms may change without notice. This website does not provide financial or investment advice. Always read the official promotion terms before claiming any bonus.

Philippines — 13 exchanges All Bonuses →