Asset × Country · Legal Status

How to Trade Ethereum (ETH) in Philippines

STATUSLegal REGULATORBSP CLASSCrypto

From Philippines, exposure to Ethereum runs through a USDC-settled perpetual.

Ethereum · ETH-PERPCrypto · Philippines

Price · 24h—

Max leverage25x

Funding · APR—

In PhilippinesAvailable

Canborsa fee0.07% per side

Trade ETH on Canborsa ›

Ethereum in Philippines · at a glance

Legal

legal statusEthereum exposure from Philippines

25x

max leverageEthereum on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Ethereum trading legal in Philippines?

Spot crypto is lawful in the Philippines and is supervised as a licensed activity, not tolerated at the margins: Bangko Sentral ng Pilipinas (BSP) Circular No. 1108 (2021) replaced the older Virtual Currency Exchange rules with a Virtual Asset Service Provider (VASP) regime, treats VASPs as money service businesses under BSP's regulatory and examination powers, and requires each one to hold a Certificate of Authority before it may exchange virtual assets against fiat, exchange one virtual asset for another, transfer virtual assets, or hold them in custody. Holding and trading crypto as an individual is not prohibited anywhere in that circular; the licensing burden falls on the provider.

What the contract is

A perpetual on ETH tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Regulator — Philippines

RegulatorBangko Sentral ng Pilipinas (BSP)

Websitewww.bsp.gov.ph

CryptoLegal

Funding · local rails

How to fund a trade from Philippines

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Mobile Money (GCash & Maya)

WORKS

GCash and Maya dominate retail crypto funding, since most Filipino adults hold at least one of the two apps.

Bank Transfer (InstaPay & PESONet)

WORKS

InstaPay handles smaller near-immediate transfers; PESONet handles larger batched ones.

Debit Card

LIMITS

Card issuers in the Philippines sometimes flag crypto as high risk, refusing purchases or leaving 3-D Secure unanswered.

WORKS

Buyers and sellers settle P2P marketplace offers using GCash, Maya, or bank transfer as the payment method.

Availability · by platform

Platforms that offer Ethereum perps in Philippines

19 venues open Ethereum perps to traders in Philippines.

Platform

Sign-up

Max lev

Taker fee

CanborsaSign up›

Browser Wallet Non-custodial

25x

0.07%

ApeX

Browser Wallet Non-custodial

100x

0.05%

Aster

Browser Wallet Non-custodial

—

0.04%

Avantis

Browser Wallet Non-custodial

50x

0.045%

Bluefin

Browser Wallet Non-custodial

26.32x

0.035%

Derive

Browser Wallet Non-custodial

—

0.03%

dYdX

Browser Wallet Non-custodial

50x

0.05%

Ethereal

Browser Wallet Non-custodial

50x

0.03%

gTrade

Browser Wallet Non-custodial

200x

0.035%

Helix

Browser Wallet Non-custodial

52x

0.0001%

Hibachi

Browser Wallet Non-custodial

20x

0.045%

Hyperliquid

Browser Wallet Non-custodial

25x

0.045%

KiloEx

Browser Wallet Non-custodial

—

0.05%

Lighter

Browser Wallet Non-custodial

50x

0%

Ondo

Browser Wallet Non-custodial

25x

0.025%

Paradex

Browser Wallet Non-custodial

50x

0%

SparkDEX

Browser Wallet Non-custodial

—

—

Synthetix

Browser Wallet Non-custodial

—

0.05%

Vest

Browser Wallet Non-custodial

50x

0.01%

How to start trading Ethereum from Philippines

Four steps from sign-up to an open position.

01.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

02.

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→

Robinhood Chain

03.

Open ETH-PERP

Pick ETH in the markets list. The ticket shows the live price, the current funding rate and max leverage 25x .

ETH-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of ETH at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Position · PnLexamplePnL: $3,425.52|+53.6%

Tax note — Philippines

Individual taxpayers are subject to graduated income tax rates of up to 35% on net taxable income above PHP 250,000; the first PHP 250,000 of net taxable income is tax-free.

Frequently asked questions

What is the legal status of Ethereum trading in Philippines?›

Trading Ethereum from Philippines: legal.

Who regulates ETH markets in Philippines?›

Regulator for Ethereum trading in Philippines: Bangko Sentral ng Pilipinas (BSP).

How is Ethereum taxed in Philippines?›

Individual taxpayers are subject to graduated income tax rates of up to 35% on net taxable income above PHP 250,000; the first PHP 250,000 of net taxable income is tax-free.

Which platforms list ETH for traders in Philippines?›

26 platforms serve Philippines for Ethereum trading, among them Aevo, ApeX and Aster.

What leverage is available for Ethereum from Philippines on Canborsa?›

On Canborsa, traders in Philippines can use up to 25x leverage on Ethereum.

Keep exploring