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Introduction
Cryptocurrency exchanges are gateways into the digital asset world. Choosing the right platform depends on your goals whether you’re looking for powerful trading tools or a simple way to convert crypto into cash. This comparison explores Binance, the globally dominant exchange, alongside Coins.ph, the Philippines’ leading crypto app, to help you decide which fits your needs in 2025.
Real-Life Use Cases
Who Uses Coins.ph?
- A delivery rider in Quezon City who converts Bitcoin to PHP and pays Meralco directly through the app.
- A freelancer in Cebu cashing out USDT to GCash in seconds.
Who Uses Binance?
- A crypto swing trader in Singapore using leverage and futures.
- A remittance receiver who converts USDT to ETH and sends it to a Metamask wallet.
Regulatory Watch 2025
Binance
Binance continues to face increasing restrictions from global regulators. In 2025, some services in the Philippines are limited or geo-restricted, especially for new users involving fiat deposits and derivatives. Users should confirm the current local access before signing up.
Coins.ph
Fully compliant with the Bangko Sentral ng Pilipinas (BSP), Coins.ph holds licenses for:
- Electronic Money Issuance (EMI)
- Virtual Asset Service Provider (VASP)
- Full Anti-Money Laundering compliance
Its strong legal standing makes it a trusted option for Filipino users seeking reliability and simplicity.
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The Comparison
| Category | Binance | Coins.Ph |
|---|---|---|
| Overview | Global exchange with 500+ cryptos, advanced trading (spot, margin, futures), staking, and savings features. Ideal for professionals. | Local crypto app with 90+ coins that supports bill payments, mobile load, and PHP-to-crypto conversions. Ideal for beginners in PH. |
| Supported Cryptos | 500+ | 90+ |
| Fiat Support | Multiple currencies (USD, EUR, etc.) | PHP only |
| Trading Tools | Spot, Margin, Futures, Staking | Basic spot trading via Coins Pro |
| Mobile Experience | Feature-rich, customizable, but complex; has a simplified Lite mode | Mobile-first, simple interface designed for casual and new users |
| Local Utility | Global platform with limited local features | Supports PHP cash-in, bill pay, load, and bank transfers |
| Regulation | Globally regulated; restrictions apply in some countries like the Philippines | Regulated by Bangko Sentral ng Pilipinas (BSP) |
| User Base | Advanced and institutional traders | Beginners and casual crypto users in PH |
| User Interface | Complex UI with TradingView charts, OCO orders, portfolio tools | Simple UI with easy steps for cash-in, pay bills, and convert crypto |
| Security Features | 2FA, SAFU fund, wallet encryption, activity monitoring | 2FA, AES-256 encryption, SSL, Coins Verify, BSP-regulated EMI |
| Trading Fees | 0.10% per trade; can be reduced with BNB or VIP level | 0.25% maker, 0.30% taker |
| Deposit Fees | Free via bank transfer; 2% for card | Free at partner outlets |
| Withdrawal Fees | ₱25 bank withdrawal; varies by crypto | ₱10 via InstaPay; ₱105+ for remittance centers |
| Real-Life Use Cases | Swing traders, remittance receivers, and cross-border users | Riders, freelancers, and Filipinos paying bills with crypto |
| Regulatory Access in 2025 | Geo-restricted for new PH users; limited fiat services | Fully compliant with BSP, VASP, and AML regulations |
| Getting Started Requirements | ID, email, phone, KYC, 2FA, optional external wallet | Same as Binance; both need identity verification and setup |
| Best For | Traders needing advanced tools, global asset access, and low fees | Filipinos wanting to convert crypto, pay bills, and transact locally |
| Beginner Friendliness | Less beginner-friendly; suitable for experienced users | Highly beginner-friendly and intuitive |
| U.S. Access | Binance.US only | Not available to U.S. residents |
| Crypto Transfer Between Platforms | Supported via wallet address + network match (BEP20/ERC20) | Supported if proper network is selected and confirmed |
Getting Started
To start using either platform, you’ll need:
- A valid ID (Philippine ID or passport)
- A mobile number and email address
- Internet access
- Optional: An external wallet for additional crypto storage
Steps
- Visit the official Binance or Coins.ph website/app.
- Register with your email and mobile number.
- Complete identity verification (KYC) via ID and facial scan.
- Set up two-factor authentication (2FA).
- Link a bank account or crypto wallet.
- Fund your account and begin trading.
Note: As of 2025, Binance access in the Philippines may require a VPN or offer limited features due to regulatory constraints.
Which Should You Use?
| Use Case | Best Platform |
|---|---|
| Paying bills, remittance in PHP, mobile use in the Philippines | Coins.ph |
| Advanced trading, low fees, access to global assets | Binance |
Both platforms offer secure and reliable services but serve different types of users. Coins.ph is optimized for local utility and ease of use, while Binance is better for seasoned traders navigating the global crypto economy.
Frequently Asked Questions
Which platform is safer for beginners in 2025?
Coins.ph is more beginner-friendly and fully regulated by the BSP, making it ideal for first-time users.
Can Filipinos still use Binance in 2025?
Yes, but access is partially restricted. Some features may be unavailable. Always check current regulations.
Can U.S. users access Coins.ph or Binance?
U.S. residents can use Binance. US. Coins.ph is designed for use in the Philippines and is not generally available to U.S. users.
What are the trading fees on each platform?
Binance charges around 0.10% per trade, while Coins.ph charges 0.25% maker and 0.30% taker. Binance is more cost-effective for frequent traders.
How do I transfer crypto between Binance and Coins.ph?
- Copy your Coins.ph wallet address.
- In Binance, go to Withdraw, paste the address, and select the correct blockchain (e.g., BEP20 or ERC20).
- Confirm the transaction and wait for network confirmation.
Reviewed and edited by Albert Fang.
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Article Title: Binance vs. Coins.Ph: Which Crypto Exchange Is Better for Filipinos in 2025?
https://fangwallet.com/2025/07/25/binance-vs-coins-ph-which-crypto-exchange-is-better-for-filipinos-in-2025/The FangWallet Promise
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