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Author: Admin | 2025-04-28
Traded amount. Crypto deposits are free of charge, although crypto withdrawal fees depend on the asset and the current network conditions. Fees charged for fiat deposits and withdrawals are not fixed and could vary depending on the financial service provider. See detailed fees for crypto withdrawals and transaction limits for available fiat deposit channels.Customer Support ChannelsPDAX operates a 24/7 automated customer support system on the platform. Users can also reach out to the customer service team directly through support tickets which can be created on the platform. Users can also reach out to the customer support team on the project’s Telegram and social media channels.Safety and SecurityPDAX claims that users’ funds on the channel are secure, as they have an insurance-backed audited wallet solution. PDAX is also a regulated and licensed virtual currency exchange in the Philippines. However, do note that as of time of writing, Proof of Reserves documentation for the exchange is not available. KYC RequirementsUsers must complete a basic KYC verification level before they can use any of the services offered by PDAX. Level one KYC verification allows users to transact a maximum of PHP20 million per annum. The premium KYC level allows up to PHP50 million annual transactions on the platform.Additional FeaturesAdditional services on PDAX include Scholar Pay, a special service for the Filipino GameFi community. PDAX claims that this feature allows guilds on Axie Infinity to payout to their Scholars. Also, it runs Mintoo – an NFT facility exclusive to Filipino NFT brands that allows Filipino NFT enthusiasts to trade digital collectibles. Other available features include the PDAX Prime, the highest PDAX account tier which has no explicit limits on withdrawals and deposits. Summary Table of Exchanges in the PhilippinesSee a comprehensive summary of the featured exchanges Binance Coins.ph Bybit KuCoin PDAX Fiat deposit method Crypto can be purchased with credit card. Credit card, bank transfer, OTC, remittance. Crypto can be purchased with credit card and bank transfer. Crypto can be purchased with credit card. Credit card, bank transfer, OTC, remittance. Services Spot, P2P, on-ramp, staking, derivatives. Spot trading, on-ramp, bill payment. Spot, P2P, on-ramp, staking, derivatives. Spot, P2P, on-ramp, staking, derivatives. Spot, on-ramp, NFT trading. P2P fees 0.1-0.2% taker fee P2P unavailable 0 0 P2P unavailable KYC Required Required Required Required Required Spot trading fees 0.1% 0.05-0.3% 0.1% 0.1% Up to 0.5% Regulated and licensed by BSP No – Advisory issued Yes No No Yes Proof Of Reserves Available Unavailable Available Available Unavailable Final ThoughtsThis article reflects on the state of cryptocurrency in the Philippines and explores some of the most popular financial institutions that offer crypto-related services. It is important to note that the list presented is not exhaustive of the available platforms
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