How to Get Started Investing in Digital Assets

Any type of investment may seem daunting at first, but when you learn how to invest in digital assets in the Philippines is easier than you think. The process at PDAX, for example, is this simple:

How to Get Started Investing in Digital Assets

Sign Up

Begin your journey of buying and selling crypto by signing up for a free account. When signing up, it's important to provide accurate information, as it is used for account verification later in the process.

Get Verified

Reputable cryptocurrency platforms require users to complete a verification process. This typically requires documents such as a government-issued ID, proof of address, and, in some cases, a selfie for identity confirmation.

Cash In

With a verified account, you can start funding your wallet. PDAX allows you to convert your Philippine Pesos (PHP) directly into various cryptocurrencies, making the process seamless. Remember to double-check the details before making any deposits to ensure the funds are credited to your PDAX account correctly.

Trade

Once your wallet is funded, you're ready to start trading. PDAX offers a user-friendly interface for buying and selling a variety of cryptocurrencies at competitive rates. You can choose from digital assets like Bitcoin, Ethereum, Solana (SOL), and many more.

Why PDAX is the Best Crypto Wallet and Exchange in the Philippines

Now that you know the basics of how to invest in digital assets in the Philippines, let's delve into what makes PDAX a standout option.

Safety and Security

Safety and security are important when dealing with cryptocurrency. PDAX prioritizes the protection of your digital assets. The platform employs industry-standard security protocols, including two-factor authentication (2FA) and advanced encryption, to ensure the safety of your investments. In addition, PDAX provides an insurance-backed audited wallet solution, offering an added layer of protection for your digital assets.

Regulation and Compliance

PDAX is fully licensed and regulated by the Bangko Sentral ng Pilipinas. This regulatory oversight ensures compliance with the country's laws and regulations related to cryptocurrencies and financial services. These laws are meant to protect you, the consumer. Choosing a platform with this level of regulatory backing adds an extra layer of trust, especially when you’re just learning how to invest in digital assets in the Philippines.

Easy to Navigate

One of the key strengths of PDAX is its user-friendly interface. Whether you're a beginner or an experienced trader, you'll find it easy to navigate and execute transactions on the platform. The user interface is designed to be intuitive and provide a seamless experience for users, ensuring that even those new to buying cryptocurrencies can get started with confidence.

Variety of Cryptocurrencies

PDAX doesn't limit your options. It provides access to a wide variety of cryptocurrencies, allowing you to diversify your portfolio and explore different digital assets. As you learn more about how to invest in digital assets in the Philippines, you can trade various other cryptocurrencies, including Litecoin, Bitcoin Cash, and many more.

Download our App Today!
Why PDAX is the Best Crypto Wallet and Exchange in the Philippines

How to Choose Which Cryptocurrency to Buy

In addition to understanding how to invest in digital assets in the Philippines, picking which cryptocurrency to buy is vital for success. Here are some suggestions to help you make well-informed decisions:

How to Choose Which Cryptocurrency to Buy

Evaluate the Pros and Cons

Each cryptocurrency has unique features, strengths, and weaknesses. Take the time to research and evaluate the pros and cons of different options before buying. Consider factors such as the technology behind the cryptocurrency, its use cases, and its community support.

Follow Crypto Trading Tips

Reputable sources of information and staying informed about market trends can be valuable when choosing which cryptocurrencies to buy and sell. Join credible online communities and forums, and follow established cryptocurrencies. Established news sources can provide insights, especially as you practice how to invest in digital assets in the Philippines.

Exploring Different Cryptocurrencies

During your exploration, it's crucial to evaluate how each cryptocurrency aligns with your investment objectives, assessing its unique strengths and potential. Consider factors such as your risk tolerance, investment duration, and long-term aspirations.

Manage Risks and Security

Security is crucial in trading cryptocurrencies. While choosing a secure platform like PDAX is a significant step, you should also take personal precautions. Use strong, unique passwords for your accounts, enable two-factor authentication (2FA) whenever possible, and be cautious about phishing attempts and scams.

Frequently Asked Questions

This can be suitable for various investors. When learning how to invest in digital assets in the Philippines, ensure your investment strategy aligns with your financial goals, risk tolerance, and time horizon. If you are comfortable with potential risks and have a long-term perspective, cryptocurrency can enhance your investment portfolio.

Determining how much you should put into digital assets is a personal decision based on financial capacity and risk tolerance. Given the market's volatility, be prepared for investment value fluctuations.

Assess your financial situation and establish a budget that allows for participation in the cryptocurrency market.

Diversification is key. While there is no established formula for trading cryptocurrencies without risks, one way to cope with unpredictable market events is to ensure that you don't put your eggs in one basket. Consider other assets as you navigate through the blockchain.

It’s important to stay well-informed when learning how to invest in digital assets in the Philippines. Prioritizing security with strong passwords, 2FA, and vigilance against phishing and fraud is also crucial.

Timing the market can be challenging, even for experienced traders. The most popular strategies include buying and holding, peso cost averaging, and swing trading. Successful cryptocurrency trading requires a clear strategy and a well-researched understanding of your risk appetite, selected assets, and time horizons.

Cryptocurrency tax regulations vary by country. In the Philippines, the Bureau of Internal Revenue (BIR) requires individuals and businesses involved in cryptocurrency transactions to report and pay taxes.

To ensure compliance, consult a tax professional knowledgeable about cryptocurrency taxation. Keep detailed transaction records, including date, amount, asset, and cost, for accurate tax reporting.

Yes, you can use cryptocurrency to purchase a wide range of goods and services. Many businesses and online retailers now accept cryptocurrency as a form of payment. To find businesses that accept cryptocurrency, you can use online directories and cryptocurrency payment gateway services. Be aware that in some areas, cryptocurrency transactions may incur capital gains tax.

Make Secure and Confident Money Moves with PDAX

Buy and sell cryptocurrencies confidently and get started on the right foot by opening a free account with PDAX today. We are your gateway to a world of digital investment opportunities backed by safety, security, and compliance.

Create an Account Today!
Make Secure and Confident Money Moves with PDAX

DISCLAIMER: PDAX would like to reaffirm that the statements in this article do not constitute financial advice. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. The links in this article are provided for convenience and informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality, or content of said links.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality, or content of said links. 

For inquiries or complaints, please contact us through https://support.pdax.ph or email us at support@pdax.ph. Please provide us with your name, email address, and any other information that we may need to identify you, your PDAX account, and the particulars of the order or transaction on which you have feedback, questions, or complaints.

The Philippine Digital Asset Exchange Inc. (PDAX) is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) (https://www.bsp.gov.ph). You may get in touch with the BSP Consumer Protection and Market Conduct Office through consumeraffairs@bsp.gov.ph or the following numbers: (02) 5306 2584 / (02) 8708 7087; Trunk Line - (02) 8708 7701 loc. 2584; or SMS - (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.