Asset × Country · Legal Status

How to Trade Monero (XMR) in Philippines

STATUSLegal REGULATORBSP CLASSCrypto

Getting Monero exposure from Philippines takes a wallet and USDC; the legal status and rail-by-rail detail follow.

Monero · XMR-PERPCrypto · Philippines

Price · 24h—

Max leverage5x

Funding · APR—

In PhilippinesAvailable

Canborsa fee0.07% per side

Monero in Philippines · at a glance

Legal

legal statusMonero exposure from Philippines

max leverageMonero on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Monero 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

The contract itself does not change by geography: a XMR perpetual settles in USDC everywhere.

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 Monero perps in Philippines

10 venues open Monero perps to traders in Philippines.

Platform

Sign-up

Max lev

Taker fee

Aster

Browser Wallet Non-custodial

—

0.04%

Avantis

Browser Wallet Non-custodial

10x

0.045%

dYdX

Browser Wallet Non-custodial

5x

0.05%

Ethereal

Browser Wallet Non-custodial

10x

0.03%

gTrade

Browser Wallet Non-custodial

150x

0.035%

Helix

Browser Wallet Non-custodial

12x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

5x

0.045%

Lighter

Browser Wallet Non-custodial

10x

0%

Paradex

Browser Wallet Non-custodial

20x

0%

Synthetix

Browser Wallet Non-custodial

—

0.05%

How to start trading Monero 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 XMR-PERP

Pick XMR in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

XMR-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of XMR 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.