Trailblazing the way for Pinoy 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 percent 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.

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 Store) 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 Lhuillier and M Lhuillier 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.

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