Cryptocurrency trading in the Philippines has become more accessible through platforms like Coins.ph and Bitbit, both licensed virtual currency exchanges. These apps allow direct conversion from fiat (PHP) to crypto. But what if you want to buy Bitcoin at a specific price? This is where advanced exchanges like Coins Exchange Asia (CX) come in.
Available Trading Pairs at CX
CX.Asia, Coins.ph's proprietary exchange, supports the following trading pairs:
- BTC/PHP
- BCH/PHP
- ETH/PHP
- BTC/ETH
- XRP/PHP (coming soon)
- LTC/PHP (coming soon)
Step-by-Step Guide to Trading on CX
1. Depositing Funds to CX
To start trading, fund your CX account via Coins.ph:
- Sign up or log in to your Coins.ph account.
- Deposit PHP using bank transfers, over-the-counter methods, or partner outlets.
- Navigate to "Pay Bills" and select "Coins Exchange (PHP)".
- Enter the amount and confirm.
π Learn more about Coins.ph deposits here.
2. Placing Orders on CX
CX offers three order types:
Market Order
- Executes instantly at the current market price.
Steps:
- Select a trading pair (e.g., BCH/PHP).
- Choose "Market" order.
- Specify the amount and click "Buy" or "Sell."
Limit Order
- Sets your desired price. The trade executes only when matched.
Steps:
- Select "Limit" order.
- Enter your target price and amount.
Stop Order
- Triggers a sale when the price drops to a specified level (to secure profits).
Steps:
- Select "Stop" order.
- Set the stop price and amount.
3. Withdrawing Funds
Convert crypto back to PHP and withdraw:
- Click "Cash Out" on CX.
- Transfer to your Coins.ph wallet or linked UnionBank account.
CX vs. Other Platforms
| Feature | CX (Coins Exchange) | Coins.ph/Bitbit | International Exchanges (e.g., Binance) |
|------------------|---------------------|------------------|-----------------------------------------|
| PHP Support | β
| β
| β |
| Advanced Orders | β
| β | β
|
| Altcoin Variety | Limited | Limited | Extensive |
When to Use CX:
- For PHP-based trading with limit/stop orders.
- Avoiding the complexity of international exchanges.
When to Use Coins.ph/Bitbit:
- For quick conversions without price targeting.
FAQs
1. Why is Bitcoinβs price different on CX vs. Coins.ph?
CX prices are market-driven by traders, while Coins.ph uses a fixed rate.
2. Can I trade altcoins on CX?
Currently, CX supports major coins (BTC, ETH, BCH). More pairs (XRP, LTC) are coming soon.
3. How do I resolve CX account issues?
Contact CX Support via their help center.
4. Are there fees for deposits/withdrawals?
- Deposits: Free via Coins.ph bill payment.
- Withdrawals: Small network fees for crypto transfers.
5. Is CX safer than international exchanges?
CX operates under Philippine regulations, offering localized security and support.
Final Tips
- Use limit orders to buy crypto at your preferred price.
- Monitor market trends before placing stop orders.
- Diversify across platforms for optimal flexibility.
π Explore CX trading strategies for beginners and advanced users alike.
### Keywords:
- Cryptocurrency trading Philippines
- Coins Exchange Asia (CX)
- Bitcoin trading
- Limit order vs. market order
- PHP to crypto exchange
- Coins.ph guide
- Secure crypto withdrawals