You might just get started with cryptocurrencies (becoming a Cryptopreneur) and you’re trying to figure out what’s the best crypto exchange in the Philippines, and you ended up finding PDAX, right? For sure that’s what happened that’s why you’re here checking out some reviews about PDAX.
That’s what happened to me as well when I first get started with cryptocurrencies, I ended using PDAX about a couple of months of my cryptocurrency journey.
I’m here today to share with you guys of course a review about PDAX, like everything that I know about them and my personal experiences using their platform.
What Is PDAX?
Philippine Digital Asset Exchange (PDAX) is one of the most popular cryptocurrency exchanges in the Philippines. It’s BSP regulated company founded in 2017, and it’s a platform that we can use to easily buy and sell (trade) cryptocurrencies like Bitcoin, Ethereum, Ripple, and other popular cryptocurrencies.
Detailed PDAX Review…
If you’re looking for the best cryptocurrency trading platform in the Philippines, PDAX is not going to be for you, I will explain to you all of the reasons why later in this article.
I’m no longer using PDAX as my platform to access the cryptocurrency market because just like the majority, I also want the best in everything, and PDAX just doesn’t qualify with my criteria to be considered as the best cryptocurrency exchange.
But of course, every platform has its own advantages & disadvantages, and I’m here to of course not to knock out PDAX or alk bad things about them. Just a review base on what I have experienced with them while using the PDAX trading platform.
By the way, I’m now using Binance. One of the biggest cryptocurrency platforms in the world and for me, the best cryptocurrency trading platform I have encountered with. You can check out Binance by clicking here and use the code [ MU56F3H5 ] to get a 10% discount on your trading fees.
Now, here’s a quick detail about what you will be expecting if you’re going to use the PDAX trading platform. I’m just going to give you guys a table, and I will explain more in the following paragraph below.
|In Terms Of||Level|
|Available Cryptos||8 Cryptocurrencies|
|Trading Fees||0.5% Market Order And 0.4% Limit Order|
|Min. Cash In||200 PHP|
|Min. Cash Out||200 PHP|
If you have questions about the things I have in the table above, just please leave them in the comments at the bottom of this page.
Why PDAX Is Not The Best Cryptocurrency Trading Platform?
Here are my major reasons why I’m no longer using PDAX. This is of course based on my experiences when I was with them, and of course, things could change especially in the field of technology and PDAX might get better in the near future, so please also see when was this article last updated.
1. Their Trading Platform And Tools
PDAX has a pretty basic trading platform and tools. If you like simplified things or basic user interfaces and trading tools, then you might wanna consider PDAX and get started with them.
But as a trader, I need more tools to at least help me distinguish what’s happening in the market and to no longer need me to signup for an account to another 3rd party company for the tools that I might need while trading (buying and selling assets).
The PDAX team is, of course, is in their best effort to provide the best for their clients, and that’s why they have scheduled system maintenance (that will freeze your account for the meantime, inability to trade, etc.) almost every single week, even up until now while I’m writing this article. That’s why just like what I have mentioned earlier, they might get better soon.
2. Available Cryptocurrencies To Trade
As of the moment, while I’m writing this article, PDAX just has 8 cryptocurrencies available to trade and listed inside their platform. Just in case you don’t know, there are hundreds of other cryptocurrencies existing in the market, and some of them have great potential for long-term investments. And of course, you cannot invest in them because it’s not listed inside PDAX.
Now if you want a better solution, just like what I ended up doing, you better check out Binance and see why I have considered them and move out from PDAX. Binance is the number 1 trading platform in the world (check it out here) and it’s the one I’m using.
If you’re just getting started with your cryptocurrency journey, choosing Binance is going to be the first right step that you can do.
Check out Binance by (clicking here) and use the code [ MU56F3H5 ] to get a 10% discount on your trading fees.
That’s all I can have for you guys today. If you have questions, please don’t hesitate to leave them in the comments section below. God Bless!