September 24, 2022

How to Buy Ethereum (ETH) in the Philippines

All crypto traders are going crazy over Ethereum. Its advanced technology completely revolutionized the crypto world, which is why it became the second most popular cryptocurrency. Nonetheless, you need to know how to properly invest in it before buying some coins. In this guide, you are going to learn everything you need to know about it.

Moreover, some crypto exchanges work better for certain countries, so we created this list of the best trading platforms for traders in the Philippines. Keep reading to know more about it.

Most exchanges are created to suit the American and European markets, which is unfair to the rest of the world. However, you don’t need to worry anymore; just check out the following exchanges.

Using Uphold in the Philippines

Uphold is one of the most widespread platforms in the world, as it is available for almost all countries, including the Philippines. It allows traders to access all assets, such as cryptocurrencies, fiat currencies, and stocks. Moreover, it is super easy to use, making it great for new traders.

How to Buy ETH Using Uphold

It is pretty simple to use Uphold and buy cryptocurrencies with it. All you have to do is get to know the platform and follow three simple steps.

Step 1 - Sign-up

You can sign-up to Uphold by going to its website and filling out the registration form with your data. Then, you must go through its terms and conditions before submitting the form and jumping to the next step.

Step 2 - Verify the Account

Afterward, you must verify your account. Uphold may send you an email requesting information about the purpose of your account, an ID, and proof of residence. This is done to avoid fake accounts and scammers.

Step 3 - Buy ETH

Finally, you must go to its live trading section and select ETH from all the other available options. Then, you need to choose your preferred payment method and how much you want to buy before executing the transaction.

Uphold Pros

  • It features a wide selection of cryptocurrencies
  • You can do cross-asset trading
  • It has a great educational feature

Uphold Cons

  • The mobile app is pretty outdated
  • It lacks several trading modalities

Using YouHodler in the Philippines

YouHodler is a popular crypto exchange due to its great interest rates and advanced trading tools. These interesting features make it a great trading platform for advanced traders who want to optimize their investment strategies.

How to Buy Ethereum Using YouHodlder

Using YouHodler is pretty straightforward. Its platform isn’t as user-friendly as others on this list, but you shouldn’t have any problems. Still, make sure to follow these steps.

Step 1 - Create an Account

The first thing you need to do to buy ETH with YouHodler is to create an account. You must provide your data, including your email, phone number, name, and address. Moreover, you also need to prove this information to verify your account, which is why you are requested to take a selfie and submit an ID.

Step 2 - Find the Purchase Section

Once your account is all set up, you must go to the purchase section of the platform, where you may find all the available assets. Then, you must click on ETH, which should be in the cryptocurrency section.

Step 3 - Buy ETH

Afterward, you can buy ETH by selecting how much you want to purchase and your preferred payment method. Finally, you must confirm and execute the transaction.

Youholder Pros

  • It allows you to earn interest
  • The verification processes are strict
  • Its customer service is rather efficient

Youholder Cons

  • It isn't available in the US
  • A minimum investment is required

Using Prime XBT in the Philippines

Prime XBT is a great crypto trading platform for experienced traders who want to take their crypto business to the next level. It has fantastic advanced features that advanced traders tend to love. Moreover, it has a huge variety of assets available for those traders who wish to diversify their portfolios.

How to Buy Ethereum Using Prime XBT

In order to buy ETH with Prime XBT, you only have to follow three simple steps. However, keep in mind this platform is designed for experienced traders, so you may have to spend some time adapting to it.

Step 1 - Register to the Platform

The first thing you need to do is create a Prime XBT account, which is pretty easy to do, as you only need to fill out a quick survey. Then, you may receive a call from an account manager who may help you verify your account.

Step 2 - Find the Deposit Section

Once you finish the verification process, you need to find the deposit section of the app, where you may find all the available assets, including ETH.

Step 3 - Buy ETH

After you click on ETH, all that’s left to do is type in how much you want to buy and select your preferred payment method. Then, you can execute the transaction.

Prime XBT Pros

  • It features a great referral system
  • You can use it to trade all sorts of assets
  • It is incredibly fast

Prime XBT Cons

  • Some countries aren't available
  • The direct crypto transfers are limited

Using BitYard in the Philippines

This is an extremely popular crypto exchange in South Asia, but it can be used in almost the whole world. It is known for providing fast and safe trades, as well as a wide variety of crypto assets to choose from.

How to Buy Ethereum Using BitYard

Moreover, buying crypto with BitYard is pretty easy, as it is meant to be used by all traders. Nonetheless, you must be aware of the following steps before purchasing ETH.

Step 1 - Register and Verify Your Account

If you want to open an account on BitYard, you can do it by using a referral code which may give you certain benefits when you start trading. Still, the process is pretty simple; you must type in your data and referral code. Then, you are going to be sent a code that you need to type in to access your account and finish the verification process.

Step 2 - Deposit Your Money

After setting everything up, you need to choose your payment method to fund your account. You can deposit as much money as you want but always follow your investment plan.

Step 3 - Buy ETH

Then, you can go to the market area and scroll until your find ETH. Now, you only need to type in how much you want to buy and confirm the purchase.

BitYard Pros

  • It is simple to use
  • The KYC process is pretty solid
  • It features a demo account

BitYard Cons

  • You can only withdraw certain cryptocurrencies
  • It doesn't support fiat currencies

Using CEX.IO in the Philippines

CEX.IO is a fantastic and entirely safe crypto trading platform. Many traders from all over the world have used this platform to improve their trading experience and take their careers to a whole new level. It features fantastic trading options and assets, making it a suitable platform for experienced traders. However, if you’re a beginner, this may not be the best platform.

How to Buy Ethereum (ETH) Using CEX.IO

This is a somewhat confusing platform, but there’s nothing to worry about. You only need to follow these simple steps if you want to buy ETH with it.

Step 1 - Create Your Account

If you want to enjoy CEX.IO’s fast transactions, you must first create an account. In order to do this, you must go to its website and fill out the registration form. Then, you may receive an email that’s going to ask you to provide your ID and a selfie to verify your account.

Step 2 - Choose a Pre-calculated ETH Pack

After that’s done, you may gain access to your account. Once you’re there, you must go to the purchase area and select ETH and your fiat currency. Then, you are going to find a pre-calculated pack with popular amounts of ETH that people tend to buy. However, you can choose to enter your own amount.

Step 3 - Confirm the Purchase

Then, all that’s left to do is choose a payment method and double-check all your details to make sure you didn’t make a mistake. After doing that, you can execute the transaction.

CEX.IO Pros

  • It is properly regulated and licensed
  • You can find hundreds of cryptocurrencies on the platform
  • Users can stake their assets

CEX.IO Cons

  • It isn't beginner-friendly
  • Its liquidity is slightly lower than other platforms on this list

Conclusion

Buying ETH is pretty simple, but not everyone knows where to do it. Now you learned everything you need to know about buying this popular cryptocurrency in the Philippines.

However, the only way to ensure which exchange is best for you is by trying them out. Start trading today and become the best trader in the world!