How PDAX is trailblazing the way for the Filipino crypto user
It’s no secret that cryptocurrency is more popular than ever. In just a few years, cryptocurrency has gone from something only talked about on niche, underground forums to being bought and traded by everyone from your neighbor to your officemate.
Philippine-based cryptocurrency exchange Philippine Digital Asset Exchange, more commonly known as PDAX, understands that everyone is in different stages of their crypto journey. That’s why the exchange does everything it can to cater to all types of Filipino crypto users.
In fact, there is empirical data proving there are more Filipino crypto users than ever. It’s estimated that the volume of cryptocurrency transactions in the country grew 362% year on year to nearly 20 million in the first half of last year. It’s also estimated that 11.5 million Filipinos now own cryptocurrency.
Showing the Way for New Users
Because of PDAX’s aim of making cryptocurrency easily accessible for everyone, the platform provides several benefits for crypto newbies.
New users can rest easy knowing PDAX is a safe and secure platform. Aside from instituting security measures like 2-Factor Authentication, PDAX is regulated by the Bangko Sentral ng Pilipinas (BSP). In fact, PDAX was the first in the country to receive an official license as a virtual currency exchange operator.
Unlike customers of unlicensed and unregulated exchanges, PDAX gives its users the peace of mind that their assets are safe. Cash-ins are kept safe and secure thanks to regulations from the BSP.
New users who are afraid the world of crypto may be too complex and overwhelming will also be happy to know that buying and trading crypto on PDAX is a no-brainer. PDAX offers both a mobile app (downloadable through the Apple app store, Huawei Gallery, and Google Play) and a web exchange. Creating an account is as easy as entering one’s personal information and completing a simple biometric check.
Finally, new users can look forward to the fact that PDAX also goes out of its way to make cash-ins and cash-outs easy and accessible. Cashing out, for example, can be done with InstaPay, Maya, and PESONet. Banks like UnionBank and outlets like Cebuana Lhullier and M Lhullier also accept cash-outs, on top of the e-wallet Maya. Finally, PDAX is also capable of sending cryptocurrencies to outside wallet addresses. There are even more options available for cashing in: 7-Eleven/CLiQQ machines, DragonPay, ECPay, GCash, Maya, or through online bank transfers.
More Coins, More Opportunities for Crypto Enthusiasts
Yet it’s worth noting that PDAX doesn’t cater to just new crypto traders starting out. The platform is aware that more eager crypto enthusiasts see crypto as a way to diversify and grow their portfolio.
Crypto enthusiasts looking to explore all the possibilities in crypto will find that on top of offering an easy-to-use platform, PDAX also offers 34 tokens that users can buy, sell, or trade. PDAX carries more popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) while also carrying up-and-coming tokens like Solana (SOL), Stellar Lumens (XLM), Binance Coin (BNB), and so much more.
It’s worth noting that offering such a diverse range of coins allows users to diversify their portfolios and potentially receive more yield. Thus, not only is PDAX user-friendly but users aren’t limited to putting their eggs in one basket.
“Crypto traders with a little more experience understand the importance of choice,” said Gaba. “This is why PDAX is constantly expanding its offerings to stay versatile and relevant. We want to make it easy for Filipinos to make the most out of crypto.”
Low Fees for Experienced Crypto Users
Seasoned crypto users also have good reasons to use PDAX. The exchange offers low fees when cashing in and cashing out through the exchange’s network of payment partners. Compared to other local exchanges and crypto apps, PDAX offers the lowest rates around.
Overall, PDAX is proud to be a platform that satisfies the requirements and needs of any type of crypto trader. Whether you’re a new user or a seasoned veteran of the scene, PDAX offers several benefits that make them a cut above the competition. With a user-friendly interface, diverse token selection, and competitively low fees, PDAX consistently shows why they’re the leading exchange in the Philippines.
For more information on how to get started on your crypto journey, visit: https://pdax.ph/. You can also download the PDAX mobile app from the Apple app store, Huawei Gallery, and Google Play.
ABOUT PDAX
PDAX is the leading digital asset exchange in the Philippines, a safe, easy-to-use, platform for Filipinos to buy and sell virtual currencies and assets. The company received its license from the BSP in 2018 and was officially launched in the Philippine market in 2019. PDAX believes that blockchain technology and digital assets are the key to financial inclusion in the Philippines and can create a level playing field that can empower Filipinos.
