The Philippines has many places you can buy bitcoin from. Not only has the Bangko Sentral ng Pilipinas licensed some cryptocurrency exchanges, but there are also peer-to-peer marketplaces, bitcoin ATMs, and other services to help you. This guide will show you where and how to buy bitcoin in the Philippines using these avenues.
Also read: Union Bank of the Philippines Launching Bitcoin ATM
Where to Buy Bitcoin in the Philippines
If you are in the Philippines, there are several ways to buy bitcoin, such as through licensed crypto exchanges, ATMs, peer-to-peer (P2P) marketplaces and the Abra service. A number of banks and retail chains, such as 7-Eleven and Cebuana, have also partnered with some crypto exchanges to offer you easy ways to buy bitcoin.
For those who prefer to purchase from regulated companies, the Bangko Sentral ng Pilipinas (BSP) has been licensing crypto service providers since 2017. So far, the central bank has approved 13 companies that comply with its rules and regulations, but only some of them offer simple ways…