Sell Bitcoin in the Philippines (2026)

Status: Legal
Pays out in: Philippine peso (PHP)
Exchanges paying out: 2 of 3
Last reviewed: 2026-08-23

2 of the 3 exchanges we recommend in the Philippines pay out in PHP: Coins.ph and PDAX. The rails are InstaPay, PESONet, Remittance centre cash pickup, UnionBank Direct and SWIFT. The order below is the same ranking the buying guide uses; an exchange that appears there and not here publishes no PHP payout rail we could verify.

Where to sell and how the money comes out

Each recommended exchange that pays out in the Philippines, the rails it pays out on, and the fee and speed it publishes for each.
Exchange	Withdraw to	Fee	Speed	Note
Coins.ph#1 in the buying guide	InstaPay	Flat PHP 5 fee	Instant, within minutes, 24/7	PHP 1 to PHP 50,000 limit; reaches GCash, Maya, GrabPay and major banks.
	PESONet	Zero Coins.ph transfer fees	Same day or next business day	Batch clearing, operates on banking days.
	Remittance centre cash pickup	Varies by outlet and withdrawal amount	Within 10 minutes for most outlets	Minimum PHP 1,000 per transaction, and Palawan Pawnshop pickups run on a scheduled daily batch instead.
PDAX#2 in the buying guide	InstaPay	PHP 15 per cash out	Real-time	Maximum PHP 50,000.00 per cash out.
	PESONet	PHP 10 per cash out	1 to 3 banking days	Maximum PHP 10,000,000.00 per cash out.
	UnionBank Direct	PHP 15 per cash out	Real-time	Maximum PHP 10,000,000.00 per cash out.
	SWIFT	USD 25 per withdrawal	Same or next banking day	PDAX Prime clients only, 2:30 PM cut-off.

"Not recorded" means the exchange's page we read carries no figure for that cell; the fee on the sale itself is separate and is on each review.

The payout rails in the Philippines

InstaPay

Paid out by Coins.ph, PDAX.

InstaPay is the Philippines' real time interbank transfer scheme, one of the two automated clearing houses under the Bangko Sentral ng Pilipinas' National Retail Payment System. It moves pesos almost instantly between accounts at participating banks and at e-money issuers such as GCash and Maya, and settles across the BSP's PhilPaSS system. The scheme is governed by the industry body Philippine Payments Management Inc. under BSP oversight. Its sibling PESONet is the batch rail for larger same day transfers.

The rail itself: Funds arrive almost immediately and the scheme runs 24 hours a day, all year round, weekends and holidays included.

More about InstaPay Buying with InstaPay in the Philippines

PESONet

Paid out by Coins.ph, PDAX.

PESONet is the Philippines' batch electronic fund transfer scheme, launched in November 2017 under the Bangko Sentral ng Pilipinas' National Retail Payment System and administered with Philippine Payments Management Inc. It moves pesos between accounts at BSP supervised banks and e-money issuers, and the BSP describes it as the electronic replacement for the paper cheque. It is the higher value counterpart to InstaPay, which is real time but capped at 50,000 pesos per transaction.

The rail itself: Payments clear in batches across three settlement cycles and credit the same banking day if sent before a cut-off, otherwise the next banking day.

More about PESONet Buying with PESONet in the Philippines

Remittance centre cash pickup

Paid out by Coins.ph.

This is a category rather than one branded scheme: you pick cash payment online, receive a reference number or barcode, then hand the cash across a counter at a partner outlet. In the Philippines those outlets are convenience stores, pawnshops, remittance agents and bills payment windows, the same counters people already use for utility bills and padala. The collection networks behind them are payment aggregators and money service businesses registered with the Bangko Sentral ng Pilipinas, which also registers operators of payment systems under the National Payment Systems Act. It suits someone funding an account from cash wages with no card and no online banking.

The rail itself: Posting depends on the outlet and the aggregator: some partners credit within minutes of the till receipt, others send a batch file that clears the next banking day.

More about Over-the-counter cash at retail partners Buying with Remittance centre cash pickup in the Philippines

UnionBank Direct

Paid out by PDAX.

A local bank transfer moves money between two accounts inside a single country's own payment system, with no correspondent bank and no currency conversion. The scheme is national and different everywhere: SEPA credit transfers and SEPA Instant in the euro area, FedNow and ACH in the United States, Pix in Brazil. The BIS counts fast payment systems live in more than 100 jurisdictions, and the FedNow Service, operated by the Federal Reserve since July 2023, runs a 24 hour business day every day including weekends and holidays. For someone funding an exchange in their own currency this is normally the cheapest option.

The rail itself: Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days.

More about Local bank transfer

SWIFT

Paid out by PDAX.

A wire transfer is a bank to bank push payment sent over a high value settlement system, Fedwire in the United States and its equivalents elsewhere, routed through correspondent banks when it crosses a border. There is no chargeback: once the sending bank releases it the payment is effectively final, which is why exchanges accept wires for large deposits. A cross border wire can pass through one or more intermediary banks, each able to deduct its own charge before the money arrives.

The rail itself: A domestic wire clears the same business day, with Fedwire open from 9pm eastern the previous calendar day until 7pm eastern and closed on weekends and Federal Reserve holidays, while a cross border wire can take several business days.

More about Wire transfer

How a sale settles

Sell on Coins.ph, or any exchange in the table
Coins.ph ranks first in the the Philippines buying guide and pays out on InstaPay and PESONet and Remittance centre cash pickup.
Withdraw PHP to InstaPay
Coins.ph publishes Flat PHP 5 fee for this rail.
Wait for the rail to clear
Coins.ph states Instant, within minutes, 24/7 for InstaPay.

Frequently asked questions

Which exchanges let me cash out bitcoin to a bank in the Philippines?

2 of the 3 exchanges we recommend in the Philippines pay out in PHP: Coins.ph and PDAX. The rails are InstaPay, PESONet, Remittance centre cash pickup, UnionBank Direct and SWIFT.

How long does a withdrawal take in the Philippines?

It depends on the exchange and the rail. Coins.ph on InstaPay: Instant, within minutes, 24/7; Coins.ph on PESONet: Same day or next business day; Coins.ph on Remittance centre cash pickup: Within 10 minutes for most outlets. Each figure is the exchange's own, read from the page linked under sources.

What does it cost to withdraw PHP after selling?

Coins.ph on InstaPay: Flat PHP 5 fee; Coins.ph on PESONet: Zero Coins.ph transfer fees; Coins.ph on Remittance centre cash pickup: Varies by outlet and withdrawal amount. The trading fee on the sale itself is separate and is on each exchange's review.

Is selling bitcoin legal in the Philippines?

Bitcoin is legal in the Philippines under one of Asia's older regulatory frameworks: the Bangko Sentral ng Pilipinas has licensed virtual asset service providers since 2017, and the SEC's Crypto-Asset Service Provider rules took effect on July 5, 2025. Enforcement against unregistered platforms is real: regulators had Binance blocked at the network level in 2024 and added ten more offshore exchanges, including Kraken, in August 2025. Buying on licensed platforms is fully lawful.