How to Buy Bitcoin and Crypto with BDO Bank

Can I Buy Bitcoin with BDO?

Yes, BDO allows customers to transfer Philippine Pesos (PHP) to Bangko Sentral ng Pilipinas (BSP)-licensed crypto exchanges. These platforms offer a legal and secure way to access Bitcoin and other digital assets.

While BDO doesn’t handle crypto directly, it supports payments to regulated exchanges like Bybit and Binance. You can fund your account using BDO online banking, Instapay, or over-the-counter deposits.

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How to Buy Crypto with BDO Bank

BDO customers can buy crypto by transferring PHP to BSP-regulated exchanges. Bybit is a top option, offering fast PHP deposits, low trading fees, and access to hundreds of tokens.

Filipino investors can follow these simple steps to invest in cryptocurrency:

1. Create Your Account: Register on Bybit and complete identity verification.
2. Select Payment Option: Go to 'Buy Crypto' and pick your preferred payment method (bank transfer/debit card).
3. Choose Currency: Pick your currency, such as PHP or USD.
4. Buy Crypto: Select the cryptocurrency you want to invest in, enter the amount, and confirm your transaction.‍

BDO Cryptocurrency Policy

BDO doesn’t offer crypto trading, but it permits transfers to BSP-licensed exchanges like Bybit and Binance. These platforms operate legally under Philippine financial regulations.

Clients can fund crypto accounts using BDO Online or over-the-counter services. However, BDO may block payments to unregistered or high-risk platforms to protect users and comply with AML rules.

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Digital Asset Investing Fees

Knowing the costs can help you make smarter crypto trades. Here’s what BDO users can expect when using exchanges like Bybit:

• Deposit Fees: Free PHP deposits via BDO Online Banking and Instapay
• Trading Fees: 0.1% spot trading fee on Bybit for buying or selling crypto
• Withdrawal Fees: Varies by asset—Bitcoin withdrawals typically cost 0.0005 BTC

Bybit offers some of the lowest fees in the market, making it a top choice for BDO account holders.

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What is BDO Bank?

BDO Bank (Banco de Oro) is one of the largest universal banks in the Philippines, serving millions of Filipinos locally and overseas. It provides essential financial services, including savings accounts, checking accounts, loans, insurance products, and credit cards.

BDO maintains over 1,500 branches, approximately 4,500 ATMs nationwide, 16 international offices, and a strong presence in retail and corporate banking.

Known for its wide reach and trusted services, BDO enables clients to fund licensed crypto exchanges using PHP. It plays a key role in enabling secure digital asset access in the country.

Best Alternative Crypto Exchanges for BDO Bank Users

Aside from Bybit, BDO clients can use other BSP-registered platforms that support PHP deposits:

• Binance: Offers a large selection of tokens, low trading fees, and supports BDO payments via P2P or bank transfer
• PDAX: A homegrown exchange regulated by BSP, built specifically for the Philippine market
• Coins.ph: Easy to use with direct PHP wallets, licensed as a VASP and supports cash-in via BDO

Each of these platforms accepts PHP funding and complies with local crypto regulations, giving BDO users multiple safe options.

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Final Thoughts

BDO doesn’t offer direct crypto services, but it enables clients to fund licensed exchanges like Bybit, Binance, or PDAX using PHP. These platforms are regulated by the BSP and provide a secure way to access the crypto market.

With zero-fee deposits, local payment support, and access to hundreds of digital assets, Bybit stands out as the best option for BDO users looking to invest safely and affordably.