How to Buy Bitcoin & Crypto with BPI Bank

Can I Buy Bitcoin with BPI Bank?

Yes. BPI lets customers fund regulated crypto exchanges by transferring Philippine Pesos (PHP) directly from their accounts. While BPI doesn’t provide crypto services itself, it supports payments to platforms licenced by the Bangko Sentral ng Pilipinas (BSP) and the Philippine SEC.

This setup allows you to buy Bitcoin and other digital assets through compliant, secure channels, without violating local banking regulations.

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How to Buy Crypto with BPI Bank

BPI users can buy crypto by transferring Philippine Pesos (PHP) to regulated exchanges that follow BSP and SEC guidelines.While the bank doesn’t offer crypto directly, it enables secure fund transfers to trusted platforms.

Our top recommendation is Bybit. It supports free PHP deposits, over 1,000 digital assets, and multiple payment options, including BPI bank transfers, PayMaya, GCash, debit/credit cards, and Google Pay.

Here’s how to get started:

• Create an Account: Sign up on Bybit and complete KYC verification.
• Select a Payment Method: Choose one that works with your BPI account.
• Choose PHP as Currency: Ensure seamless local deposit and pricing.
• Buy Your Crypto: Pick a token, enter your amount, and tap ‘Buy.’

BPI Bank Cryptocurrency Policy

Even though BPI does not offer crypto services directly, it supports transfers to exchanges that meet Philippine financial regulations. These platforms must be registered with the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC).

One such platform is Bybit, a globally regulated exchange that complies with local standards. It's licensed by VARA in Dubai and is known for its strong security practices and transparency, making it a trusted option for BPI users looking to invest in digital assets.

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Digital Asset Investing Fees

Understanding exchange fees is key to getting the most out of your crypto returns. Here’s what BPI Bank users should expect when using platforms like Bybit:

• Deposit Fees: Making a deposit is often free when using PHP via BPI bank transfers. Other methods like debit or credit cards may attract some processing fees.
• Trading Fees: Bybit charges a flat 0.1% per trade, making it one of the most affordable platforms. In contrast, some exchanges like Coinbase charge up to 4%.
• Withdrawal Costs: Fees vary by asset. For example, withdrawing Bitcoin typically costs 0.0005 BTC.

For BPI customers, Bybit offers excellent value: zero PHP deposit fees, low commissions, and access to over 1,000 cryptocurrencies, all within a secure, beginner-friendly environment.

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What is BPI Bank?

Bank of the Philippine Islands (BPI) is the country’s first bank, founded in 1851. With over 170 years of history, it has grown into one of the Philippines’ most trusted financial institutions.

BPI serves individuals, businesses, and corporations through services like retail banking, loans, investments, asset management, and insurance. It has a wide branch and ATM network nationwide and continues to lead in digital banking innovation.

Its strong focus on financial inclusion, sustainable practices, and customer trust has made BPI a cornerstone of the Philippine banking industry.

Best Alternative Crypto Exchanges for BPI Bank Users

While Bybit is our top pick for BPI users, there are other trusted exchanges that also support PHP deposits and follow BSP and SEC guidelines. Here are a few top alternatives:

• PDAX: A homegrown Philippine exchange, PDAX offers direct PHP deposits, competitive trading fees, and is fully licensed by the Bangko Sentral ng Pilipinas. It's a solid option for beginners looking for a locally operated platform.
• Binance (via P2P): Though not headquartered in the Philippines, Binance allows BPI users to trade PHP via its peer-to-peer (P2P) platform. It's best suited for experienced users who want access to advanced features and low fees.
• Coins.ph: Coins.ph, combines crypto access with e-wallet functionality. It allows easy PHP top-ups via BPI and supports major cryptocurrencies like BTC, ETH, and USDT.

Each platform has its own strengths, whether it’s ease of use, low fees, or broader token availability. Make sure to choose one that aligns with your trading goals and experience level.

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Final Thoughts

BPI Bank doesn’t offer direct crypto services, but it enables customers to fund trusted, BSP-regulated exchanges. This gives users a secure path to explore the crypto market while staying compliant with Philippine financial laws.

Bybit stands out for BPI clients with its free PHP deposits, low trading fees, and support for over 1,000 cryptocurrencies. With features like beginner-friendly tools, Tagalog language support, and secure infrastructure, it’s a top choice for Filipino investors getting started with digital assets.