Summary: GCash is the leading mobile payment solution in the Philippines and can be integrated with most major crypto trading platforms. It prioritizes steering its users toward exchanges that maintain strict adherence to global regulatory frameworks, creating a secure and regulated environment. Leveraging a regulated platform enables users to seamlessly engage in buying, selling, and swapping digital currencies like Bitcoin and Ethereum.
Our thorough analysis of the top options in the Philippines highlights Bybit as the premier choice. Bybit simplifies the PHP deposit process via GCash and boasts an expansive array of over 1000 cryptocurrencies for trading on spot and futures markets, offering leverage up to 25x. Beyond the basic trading functionalities, it expands its services to include staking, lending, and borrowing, making it an exemplary platform for Filipino traders.
- Free Philippine Peso (PHP) deposits from GCash Personal and Business accounts.
- Buy, sell and trade 1000+ Cryptocurrencies for low fees via Spot and Futures trading.
- Regulated and trusted exchange with over 23 million users globally.
Can I Buy Bitcoin with GCash?
Absolutely, GCash users can conduct transactions in Bitcoin and additional cryptocurrencies through digital asset exchanges in the Philippines. These platforms conform to rigorous international regulatory criteria, offering a secure and clear setting for trading and investment activities. GCash supports this by enabling straightforward transfers, empowering users to effortlessly broaden their investment scope into digital currencies like Ethereum.
How to Buy Crypto with GCash
GCash users keen on exploring the crypto space should prioritize utilizing accredited platforms. Bybit stands out with its user-friendly interface and robust security measures, positioning it as a favored choice among crypto enthusiasts. It accommodates a variety of fiat currencies for deposit via GCash, facilitating complementary transactions and granting access to a wide selection of more than 1000 cryptocurrencies.
To embark on your crypto journey with GCash, adhere to these instructions:
- Account Creation: Register on Bybit and complete the necessary verification steps.
- Funding Your Account: Go to 'Buy Crypto' and select your desired method for deposit.
- Choosing Payment: Pick GCash from the list of payment methods to proceed with funding.
- Crypto Purchase: Choose your digital currency and execute your trade by clocking ‘Buy’.
GCash Cryptocurrency Policy
GCash acknowledges the growing interest in cryptocurrency investments and facilitates its users' access to digital currencies via esteemed exchanges regulated by the Bangko Sentral ng Pilipinas (BSP). GCash ensures smooth transactions with these entities, complying with international standards for security and transparency. Bybit, recognized for its dedication to these principles, provides regular updates on asset management to uphold the integrity and transparency of investments for its users.
Digital Asset Investing Fees
GCash clients venturing into the digital currency world must note the associated costs when acquiring cryptocurrencies. Here's a concise guide to the common fees on trading platforms:
- Trading Charges: Several crypto trading venues impose a fee per transaction. Bybit is notable for its competitive fees, charging 0.1% for each trade.
- Funding Costs: The fee for adding funds varies with the payment method. While many platforms provide free fund additions for specific methods, credit card deposits might attract fees of up to 2%.
- Withdrawal Expenses: The cost of transferring digital currencies to your wallet varies by the type of cryptocurrency.
GCash users appreciate Bybit for its low trading fees and free PHP deposits, in line with its adherence to regulatory standards and providing various investment opportunities.
What is GCash?
As the leading mobile wallet application in the Philippines, GCash offers an innovative and user-friendly platform for financial transactions right at your fingertips. This dynamic mobile app enables users to securely store, swiftly send, and easily receive money using their mobile devices. GCash also extends its services into the realm of online payments. It facilitates effortless payment for a range of online services, including settling bills to indulging in online shopping.
GCash is a proud offering from Mynt, a subsidiary of the esteemed Globe Telecom. Mynt's portfolio extends beyond GCash, comprising other popular apps in the Philippine digital landscape, such as PayMaya and Coins.ph. Each product stands as a testament to Mynt's commitment to creating transformative digital solutions for Filipinos, thereby contributing to the country's financial inclusion and digital economy growth.
Final Thoughts
In conclusion, while GCash doesn't offer direct trading services, it supports and empowers crypto investment by facilitating transactions with established digital asset exchanges. We recommend Bybit as it offers free and instant PHP deposits via GCash to trade over 1000 cryptocurrencies with competitive fees. It provides a secure investing environment by regularly publishing its asset holdings, and maintaining a 1:1 proof-of-reserves.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
