How to Buy Crypto with GCash
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Summary: Purchasing crypto with GCash is easy, with quick fund transfers to licensed exchanges that accept deposits in Philippine Pesos (PHP). Using a regulated trading platform ensures your transactions are secure and compliant with Filipino regulations.
Bybit is an excellent platform that supports over 1,300 digital currencies for trading on spot and futures markets with 200x leverage. It offers free PHP deposits through GCash and low trading fees of 0.1%, reducing overall investment costs.
Top Platform to Buy Crypto with GCash
Bybit is the premier platform for GCash users due to its robust security measures, extensive selection of cryptocurrencies, user-friendly interface, and free PHP deposit options.
Available Cryptos
1,300+ Cryptocurrencies.
Trading Fees
0.1% Spot Trading Fee.
PHP Deposit Methods
GCash, Paymaya, Bank Transfer, Credit Card and more.
Can I Buy Bitcoin with GCash?
Yes, you can purchase cryptocurrencies like Bitcoin and Ethereum using GCash by funding your account on regulated digital asset exchanges in the Philippines. Selecting a crypto trading platform that complies with the Bangko Sentral ng Pilipinas (BSP) regulations is essential to ensure your transactions are secure and legally compliant.
How to Buy Crypto with GCash
Investors looking to purchase cryptocurrencies using GCash should consider using Bybit, as it supports free PHP deposits through GCash payments. As a globally accessible platform, it can be used in Tagalog and provides live Filipino customer support. The platform supports more than 1,300 digital currencies for trading and staking purposes.
Start your crypto investment journey with GCash by following these steps:
- Register: Visit the Bybit website and sign up for a new account. Complete the registration by providing your details and verifying your identity.
- Select Payment Method: Once your account is verified, navigate to the 'Buy Crypto' section. Choose GCash as your payment method.
- Choose Your Crypto: Browse the platform to select the cryptocurrency you want to purchase.
- Complete Purchase: Enter the amount you wish to invest, review your order details, and finalize your trade.
What are the Fees?
When using GCash to buy cryptocurrencies on an exchange, you’ll encounter several fees, including those for depositing, withdrawing, and trading. On most platforms, trading fees typically range from 1% to 2%.
Bybit offers a competitive fee structure with a 0.1% fee for spot trading and even lower costs for futures trading, 0.02% for makers and 0.06% for takers. Additionally, Bybit does not impose extra fees for Philippine Peso (PHP) deposits via GCash, making it an affordable option for Filipino investors.
About GCash
GCash is a popular mobile wallet in the Philippines, enabling users to pay bills, transfer money, shop online, and manage finances via their smartphones. It's accessible with just a mobile number, promoting financial inclusion, particularly for the unbanked. GCash also supports QR payments and links with major banks, making it a convenient tool for daily transactions.
Bottom Line
In conclusion, buying crypto with GCash is a simple option for Filipino investors. Bybit supports free PHP deposits and low trading fees, making it a strong choice for entering the market. It complies with Bangko Sentral ng Pilipinas (BSP) regulations and supports over 1,300 digital currencies to trade on spot, futures and options markets with 100x leverage.
Written by
Antony Bianco
Head of Research
Antony Bianco, co-founder of Datawallet, is a DeFi expert and active member of the Ethereum community who assist in zero-knowledge proof research for layer 2's. With a Master’s in Computer Science, he has made significant contributions to the crypto ecosystem, working with various DAOs on-chain.
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