How to Buy Bitcoin in the Philippines

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Purchasing Bitcoin in the Philippines has become increasingly accessible thanks to a growing number of regulated platforms, peer-to-peer marketplaces, and innovative fintech services. With the Bangko Sentral ng Pilipinas (BSP) actively licensing cryptocurrency service providers since 2017, Filipinos now have multiple secure and convenient options to enter the world of digital assets.

Whether you're a beginner looking for a user-friendly experience or an experienced investor seeking flexibility, this guide covers all the reliable ways to buy Bitcoin in the Philippines, including licensed exchanges, cash-in networks, ATMs, and P2P platforms.

Licensed Cryptocurrency Exchanges in the Philippines

The BSP has approved 13 registered cryptocurrency service providers, ensuring compliance with anti-money laundering and consumer protection regulations. These platforms offer varying degrees of accessibility, but only some allow direct purchases of Bitcoin using Philippine pesos (PHP).

Among the most trusted and widely used is Coins.ph, the first crypto exchange to receive a license from the central bank. Operating since 2014, it boasts around 5 million users nationwide and supports not only BTC but also BCH, ETH, and XRP—all purchasable without needing a bank account or credit card.

How to Buy Bitcoin on Coins.ph

Step 1: Create an Account

You can sign up via the Coins.ph website or download their Android/iOS app. The platform offers four KYC levels:

👉 Discover how easy it is to start your crypto journey today.

Step 2: Fund Your Peso Wallet

Coins.ph provides over 22,000 cash-in locations, including:

Funds are usually credited instantly at partner outlets. UnionBank transfers may take up to 24 hours.

Step 3: Purchase Bitcoin

Once your wallet is funded, navigate to the "Buy/Sell" section. Enter the PHP amount you'd like to spend, review the BTC equivalent and exchange rate, then "slide to convert" to complete the transaction.

Alternative BSP-Licensed Platforms

Another reputable option is Buybitcoin.ph, operated by Satoshi Citadel Industries (SCI) through its subsidiary Rebittance Inc., which holds a BSP license.

To use Buybitcoin.ph:

  1. Register and complete KYC verification.
  2. Specify how much BTC or PHP you want to buy.
  3. Provide your Bitcoin wallet address or scan its QR code.
  4. Choose a payment method: bank transfer, Cebuana, Dragonpay, or 7-Eleven.
  5. Submit payment and wait for confirmation.

Bitcoin is typically delivered within minutes—but if delivery exceeds 24–48 hours, contact customer support.

Bitcoin ATMs in the Philippines

While Bitcoin ATMs exist globally, they remain rare in the Philippines due to strict BSP regulations. According to CoinATMRadar, only two operational machines are currently active—both located in Makati City, the country’s financial district.

Sunette Tower ATM

UnionBank Ark Makati Branch ATM

Due to limited availability, ATMs are not the most practical option for most users.

Using Abra to Buy Bitcoin

Abra is a global crypto service available in over 150 countries, including the Philippines. It allows users to buy, hold, and exchange Bitcoin securely through a mobile app.

How to Deposit PHP into Abra

  1. Via CLIQQ Kiosks at ECPAY Outlets

    • Available at 6,000+ retail locations (including 7-Eleven)
    • Processing time: 1–2 business days

  2. Through Abra Tellers

    • Local agents who conduct face-to-face cash transactions
    • Set their own fees and operating hours
    • Use the app’s map feature under “Add Money” → “Cash” to find nearby tellers

  3. Using UnionBank Transfer

    • Link Abra as a biller in your online banking portal
    • Deposit directly from your UnionBank account

👉 Start building your digital asset portfolio with confidence.

After funding your peso wallet, go to Manage Assets > Exchange and select Bitcoin. Confirm the amount and conversion rate, then finalize your purchase.

Peer-to-Peer (P2P) Marketplaces

For those who prefer direct transactions, global P2P platforms like LocalBitcoins and Paxful offer flexibility in payment methods and pricing.

Buying on LocalBitcoins

Buying on Paxful

⚠️ Important: Always verify seller reputation. Scams do occur on P2P platforms, and recovery of lost funds is unlikely.

Frequently Asked Questions (FAQs)

Is it legal to buy Bitcoin in the Philippines?

Yes. The Bangko Sentral ng Pilipinas recognizes virtual currencies as legitimate financial products and regulates licensed crypto exchanges to ensure compliance with national laws.

Do I need a bank account to buy Bitcoin?

Not necessarily. Platforms like Coins.ph and Abra allow cash deposits via retail partners such as 7-Eleven and Cebuana without requiring a bank account.

Are there taxes on Bitcoin purchases?

While buying Bitcoin isn't taxed, capital gains from selling or trading may be subject to income tax. Consult a local tax professional for guidance.

Which method is fastest for buying Bitcoin?

Using Coins.ph with instant cash-in options (e.g., 7-Eleven or GCash) typically delivers Bitcoin within minutes after deposit confirmation.

Can I sell Bitcoin for cash in the Philippines?

Yes. Coins.ph, Abra, and certain P2P platforms allow you to convert Bitcoin back into PHP and withdraw via cash pick-up or bank transfer.

How safe are cryptocurrency exchanges in the Philippines?

BSP-licensed platforms follow strict regulatory standards, making them among the safest options. Always enable two-factor authentication (2FA) and avoid sharing login details.

Final Thoughts

Buying Bitcoin in the Philippines is easier than ever thanks to a mix of regulated exchanges, widespread cash-in networks, and innovative fintech solutions like Abra. While Bitcoin ATMs remain scarce, services like Coins.ph and Buybitcoin.ph provide fast, secure access for both new and experienced users.

For maximum security and convenience, we recommend starting with BSP-licensed platforms that support local payment methods. As always, practice caution when dealing with P2P sellers and keep your private keys secure.

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