Summary: BDO Bank in the Philippines presently lacks direct cryptocurrency investment facilities on its digital banking platform. Nonetheless, clients can move funds from their BDO Bank account to approved crypto exchanges that accept deposits from Philippine banks.
Our research of over 25 platforms suggests that the Binance exchange is optimal for Philippine bank account holders and users. Binance provides an extensive range of over 350 cryptos, very low fees for spot and futures trading, cryptocurrency options, and rapid instant & free deposits from BDO Bank.
Best Exchange for BDO Bank
Platform Highlights
- Instant and free Philippine Peso (PHP) and other currency deposits from BDO Bank.
- Trade 350+ crypto assets with low fees starting at 0.1% per trade.
- Largest and most trusted Cryptocurrency exchange in the world with 100 million users.
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How to Buy Bitcoin and Crypto with BDO Bank
The leading exchange for buying or trading cryptocurrencies with a BDO Bank account is Binance. Their platform enables you to deposit Philippine Peso (PHP) from BDO Bank via bank transfer, InstaPay, PESONet, debit card, or credit card to trade any digital asset available on the exchange.
Follow this easy guide to begin in just a few minutes:
- Sign Up: Register for an account on Binance and complete the verification process.
- Deposit Funds: Choose the currency you want to deposit (PHP) and the cryptocurrency you wish to buy.
- Finalize Transfer: Deposit funds from BDO Bank using Bank Transfer or another available method.
- Buy Crypto: Click 'Buy', and the tokens will immediately appear in your account.
What are the Fees?
The fees for buying crypto assets with BDO Bank depend on the chosen crypto broker or exchange, as the bank itself does not directly provide digital asset trading services. Binance, our recommended exchange, offers quick and free PHP deposits from BDO Bank, along with competitive trading fees that start at just 0.1% per trade.
BDO Bank's Cryptocurrency Policy in the Phillippines
BDO Unibank supports crypto transactions by permitting customers to transfer funds (Philippine Peso) from BDO online banking or BDO credit card to authorized cryptocurrency exchanges for investments in digital assets. Moreover, BDO Bank has shown an interest in exploring potential opportunities for incorporating crypto-centric services into its offerings in the future.
About BDO Bank
BDO Bank, or Banco de Oro, is one of the largest and most prominent commercial banks in the Philippines. Founded in 1968, it offers a comprehensive range of banking and financial services, including savings and checking accounts, loans, credit cards, investments, insurance, and remittances. With an extensive network of branches and ATMs across the country, BDO Bank serves millions of individual, corporate, and institutional clients, striving to provide innovative and accessible financial solutions to meet the needs of its diverse customer base.
Final Thoughts
In conclusion, although BDO Bank in the Philippines does not currently offer direct cryptocurrency investment options, it does enable clients to transfer funds to approved crypto exchanges like Binance. Binance stands out among its competitors due to its extensive range of cryptocurrencies, low fees, and rapid, free deposits from BDO Bank. As BDO Bank continues to support crypto transactions and explores opportunities for integrating crypto-centric services, it further solidifies its commitment to offering innovative financial solutions to its customers.
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Author
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.
