🇵🇭
Local MarketPHPRegulated
Crypto in the Philippines
Philippines leads in crypto remittances and adoption driven by Web3 gaming.
12M+Users
~10%Adoption
$2B+ anualP2P Vol.
#9 GlobalRank
$ Converter
BTC =
🇵🇭Regulated
Philippines
Asia · PHP
RegulatedLegal Status
12M+Users
~10%Adoption
BinanceTop Exchange
15%Max Tax
1Crypto Spots
Highlight
Philippines combines massive crypto remittances with Web3 gaming.
Regulation Timeline
2019
BSP issues guidelines.
2022
VASP framework established.
2024
Stricter compliance.
Regulatory Framework
BSP regulates crypto. VASP licensing required. Crypto remittances popular.
Available Exchanges
B
BinancePHP P2P.
C
Coins.phFilipino exchange with GCash.
P
PDAXLocal exchange backed by BSP.
How to Buy Crypto
1
Coins.ph/Binance > sign up.
2
KYC with ID.
3
Deposit via GCash.
4
Buy and send to wallet.
Crypto Taxes
Capital Gains Tax
Flat rate15%
Deductible
Losses offsettable.
Deadline
April
15% on crypto gains.
Tax Estimator
$
Enter your gain
Type
Capital Gains Tax
Deadline
April
Crypto Spots
📍
Crypto Manila HubHub
ManilaMain crypto hub.
Crypto Communities
Crypto Philippines
TelegramLargest crypto community.
Comparison: Asia
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇵🇭 PhilippinesYou | 12M+ | ~10% | $2B+ anual | Regulated | Binance |
| 🇯🇵 Japan | 8M+ | ~7% | $8B+ anual | Regulated | bitFlyer |
| 🇰🇷 South Korea | 15M+ | ~30% | $15B+ anual | Regulated | Upbit |
| 🇸🇬 Singapore | 2M+ | ~35% | $3B+ anual | Regulated | Independent Reserve |
| 🇮🇳 India | 115M+ | ~8% | $5B+ anual | Restricted | Binance |
| 🇻🇳 Vietnam | 16M+ | ~16% | $2B+ anual | Regulated | Binance |
| 🇮🇩 Indonesia | 18M+ | ~6.5% | $3B+ anual | Regulated | Binance |
| 🇹🇭 Thailand | 12M+ | ~17% | $1.5B+ anual | Regulated | Binance |
| 🇵🇰 Pakistan | 15M+ | ~6% | $1.5B+ anual | Restricted | Binance |
Crypto Curiosities
✨Fact #1
Axie Infinity was born in the Philippines, making it the Web3 gaming capital.
Related Crypto News
Frequently Asked Questions
Is crypto legal?
Yes, regulated by BSP. VASP license required.
Crypto taxes?
15% capital gains tax.
How to buy with PHP?
Coins.ph/Binance > KYC > GCash > wallet.
Why so much adoption?
Axie Infinity drove massive adoption. Crypto remittances popular.
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