How To Buy Axie Infinity In The Philippines
Let’s take a closer look at some of the best options when it comes to buying Axie Infinity in the Philippines.
1.eToro – Overall Best Place to Buy Axie Infinity in the Philippines
eToro takes the top spot on our list as it has a clear interface that is easy enough to use for beginners, but also provides tools for more advanced trading. It is trusted worldwide by more than 25 million users.
It’s simple to keep up with Axie Infinity’s price action by adding it to your Watchlist and setting up price alerts. You will also find all the tools and data you need to analyse Axie Infinity under the Stats, News, and Research tabs.
eToro provides the best offering of social investing features of any crypto platform. CopyTrader enables you to choose a trader based on their risk tolerance and profit margin and then automatically replicate their trades. You can also share ideas with other users and access their collective wisdom.
You’ll be able to trade more than 70 cryptocurrencies alongside Axie Infinity, as well as more traditional financial assets, like stocks, forex, and ETFs. It’s easy to diversify your exposure with the Smart Portfolios feature, which allows you to implement thematic investment strategies.
eToro has a much longer history than any crypto-specific platform, and it has built a strong reputation in that time. It is a regulated platform that employs strong security measures, such as cold storage, SSL encryption, and free insurance.
The minimum deposit required in the Philippines is $200 (about 11,750 PHP), and you will have the option to deposit via credit/debit card, bank transfer, PayPal, Neteller, Skrill, or Payoneer. There is no deposit fee, and you can purchase a minimum of $10 (about 590 PHP) of AXS for a fee of 1% plus spread.
Read our full eToro review here.
* Social investing features
* Regulated and secure
* Virtual account
* Multiple free deposit options
2.Oanda – Best Place to Trade Axie Infinity CFDs in the Philippines
Contracts for difference (CFDs) provide a way to profit from changes in AXS price without actually owning any Axie Infinity, meaning you don’t need to worry about its storage or security. Oanda provides everything you need to trade Axie Infinity CFDs.
You can choose to go long or short on Axie Infinity with Oanda’s CFDs, and also increase any potential profits (or losses) by applying leverage, with margins starting at 10%. You can also protect your profits with risk management tools like stop losses.
You can choose the trading platform that best suits your needs, as Oanda is available for desktop, mobile, and as a web app. You can also access the powerful MetaTrader 4 platform. On top of that, TradingView charts are available through Oanda.
There is a wide range of tools and features to help users with their trading. These include drawing tools, more than 65 technical indicators, analytics tools, position ratios, market insights, and a news aggregator.
Oanda is a multi-asset platform, so you can trade different markets in the same place. In addition to Axie Infinity, you can trade CFDs on 12+ other cryptocurrencies, as well as shares, commodities, metals, indices, and forex. You can even practise trading with the demo account.
Oanda users in the Philippines have the option of depositing via credit/debit card, bank transfer, Skrill, or Neteller, and there is no minimum deposit or fee. There is no commission when trading Axie Infinity CFDs, and the spreads start from $80 (about 4,710 PHP).
* Advanced trading tools
* Multi-asset platform
* Virtual trading account
* No deposit fees and no minimums
* CFD trading is high risk
* Limited number of other cryptocurrencies
3.Binance – Best Place to Buy Axie Infinity in the Philippines with Low Fees
If you don’t want to spend money on fees, Binance is a great platform to use. Filipino users can buy AXS through Binance P2P with no fees. It is then simple to transfer it to your spot wallet, where you can trade for fees of 0.1% or less.
Beginners will find the platform accessible as it is very quick and simple to buy AXS with a credit or debit card. It is also easy to make feeless swaps between Axie Infinity and the 350+ other cryptocurrencies using the Convert feature. On top of this, you’ll find all the information you need to build your crypto knowledge in the Binance Academy.
Binance is also popular with advanced traders. The spot trading platform provides access to customisable charts, technical indicators, and multiple order types. You can also trade Axie Infinity derivatives, like futures and options, and try strategy trading.
One of Binance’s standout features is the Earn section, where you can earn an estimated 5% APR on Bitcoin and other rates with other cryptos. Other interest-bearing products include staking, liquidity farming, dual investment, and a Launchpad for investing in new crypto projects.
There are no PHP deposit options available on Binance, but you can use PHP to buy Axie Infinity directly through P2P or with a credit or debit card. Instant card purchases incur a fee of up to 2%, and the minimum purchase size is 970 PHP. P2P limits are set by individual sellers, and you will need to use P2P if you want to withdraw PHP.
For more info, read our Binance review.
* Lowest trading fees
* Tools for pros and beginners
* 350+ other coins
* Earn interest on your AXS
* PHP deposits aren’t supported
4. PDAX – Best Place to Buy Axie Infinity with Philippine Pesos
PDAX is the place to go if you want to trade Axie Infinity directly with PHP. There are no currency conversion fees or extra steps to worry about, as PDAX provides PHP and PHPT trading pairs for its 34+ cryptocurrencies.
PDAX is the Philippines’ leading homegrown crypto exchange platform, and it is licensed and regulated by the Bangko Sentral ng Pilipinas, meaning users enjoy consumer protection benefits. Filipinos will also receive dedicated local support.
Beginners will find it easy to buy AXS in a few clicks. There is also a range of educational resources on using PDAX and more general crypto topics in the PDAX Learn section. What’s more, you can join the supportive PDAX community of more than 23,000 Filipinos to receive valuable insights and the latest news.
More advanced users will be able to execute trading strategies as they can access charts under the Trade tab and choose from different order types. The deep liquidity of PDAX also means that you can trade quickly at the most competitive rates in the Philippines.
You can fund your account with a variety of online banking services for a fee of 0 to 20 PHP, with most requiring a minimum deposit of 200 PHP. There are also e-wallet and OTC options for deposits. The minimum amount of AXS you can buy is 50 PHP, and there is a trading fee of up to 0.5%.
* Low minimums
* Variety of deposit options for Filipinos
* Fewer cryptocurrencies than competitors
* No technical indicators