As of the writing, there are already three crypto currency or digital assets exchange in the Philippines. One is already live for trading to the public (COINS PRO), while the other two are still on there private beta testing (PDAX & Citadax).
The Philippines first digital currency exchange exclusive for coins.ph users. Therefore, if you want to trade Philippine peso into cryptocurrency here in the Philippines, you need to have a verified coins.ph account first.
As of the writing, coins.pro offer following trading pairs;
Philippine Peso Trading Pairs
PHP/BTC, PHP/ETH, PHP/BCH, and PHP/XRP
Bitcoin Trading Pairs
BTC/PHP, BTC/ETH, BTC/BCH, and BTC/XRP
Ethereum Trading Pairs
ETH/PHP, ETH/BTC, ETH/BCH, and ETH/XRP
Bitcoin Cash Trading Pairs
BCH/PHP, BCH/BTC, BCH/ETH, and BCH/XRP
Ripple Trading Pairs
XRP/PHP, XRP/BTC, XRP/ETH, and XRP/BCH
How to trade using Coins Pro?
Once your funds are in your Coins Pro account, you can begin trading. Go to the Dashboard and follow these steps:
1. Select the trading pair you wish to trade.
2. Click on Buy or Sell
3. Select the order type.
4. Enter in the amount you wish to Buy or Sell, along with price information, depending on your order type
5. Place your order!
As of the writing, PDAX is still on there private beta testing. As promiss, when it go live PDAX lets you buy, sell and manage crypto currency, utilitytokens, and other digital assets in ther there secure platform. Probably PDAX will carry Bitcoin, Ripple, Ethereum, Bitcoin Cash and Litecoin.
As of the writing, CITADAX is still on there private beta testing. But unlike the other, in CITADAX we don’t have any idea what cryptocurrency they will go into.
Cryptocurrency are years away from mass adoption but one thing I am sure, the masses will be here at some point. They will not stay away forever.