No. Binance is not licensed to serve Philippine users: it is not on the BSP's list of licensed virtual asset service providers, and the SEC named it in an advisory posted 28 November 2023.The SEC says Binance is not registered as a corporation in the Philippines. The advisory applies the Securities Regulation Code (RA 8799), which bars selling or offering securities to the public without SEC registration. Read the SEC advisory
Latest, as of 2 October 2026: Binance is not open to Philippine users yet. On 29 May 2026 the SEC approved BlockShoals Technologies, a Philippine company in its sandbox, to test crypto services with Binance as its global partner. On 11 June 2026 the SEC said the first 90 days are technical set-up only, not public onboarding or trading, and that public onboarding needs further SEC approval. As of 2 October 2026 the SEC has not announced it. SEC press release, 11 June 2026
On the SEC record: Binance is the subject of the SEC advisory posted 28 November 2023, and 8 other SEC advisories name it. None of the 8 active names on the BSP VASP list matches it.
| BSP VASP licence | No BSP list dated 15 July 2026 |
|---|---|
| SEC advisory | Posted 28 November 2023 |
| Licensed alternative | 8 BSP-licensed providers, with fees |
Next: move your crypto to a BSP-licensed provider, then cash out; fees per provider are on the licensed exchanges page.
| Registered as a Philippine corporation | No, per the SEC |
|---|---|
| SEC status now | Not for the public yet. Binance is the global partner of BlockShoals Technologies in the SEC sandbox, and any public onboarding needs further SEC approval, per the SEC on 11 June 2026. SEC press release, 11 June 2026 |
| Penalty warning for promoters and influencers | Yes, SRC sec. 28 and 73 |
| On the BSP list of licensed VASPs | No |
On its website, BINANCE claims to operate a facility to trade financial instruments and offers investment products, including spot trading using leverage, futures contracts, option contracts, cryptocurrency savings accounts, cryptocurrency staking services, and a platform for initial coin offerings.SEC advisory, 28 November 2023
This is to inform the public that the online cryptocurrency exchange BINANCE is NOT AUTHORIZED TO SELL or OFFER SECURITIES to the public in the Philippines.SEC advisory, 28 November 2023. Read the advisory
On 23 April 2024 the SEC urged Binance users to close their positions and move their crypto to their own wallets or to a provider registered in the Philippines. SEC press release
8 other SEC advisories name Binance, each about a different matter:
From the SEC advisory posted 28 November 2023 and the BSP Circular No. 1108, s. 2021 (issued January 2021).
Not for the public yet. Binance is the global partner of BlockShoals Technologies in the SEC sandbox, and any public onboarding needs further SEC approval, per the SEC on 11 June 2026.
In November 2023 the SEC said the block would take effect within about three months, so Filipinos could close their positions and take out their investments. On 23 April 2024 it urged Binance users to close their positions right away and move their crypto to their own wallets or to a provider registered in the Philippines. (Source: SEC press release.)
On 19 April 2024 the SEC wrote to Google and Apple asking them to remove apps controlled by Binance.com from the Google Play Store and the Apple App Store, after asking the NTC to block Binance's website. (Source: SEC press release.)
No. BlockShoals Technologies is a Philippine company testing crypto services in the SEC's sandbox, with Binance as its global crypto-asset service provider partner. It must work through a BSP-licensed VASP for peso cash-in and cash-out. (Source: SEC press release.)
No. The SEC says Binance is not registered as a corporation in the Philippines (SEC advisory, 28 November 2023).
The advisory's penalty paragraph names salesmen, brokers, agents, promoters, recruiters, influencers, endorsers and enablers, not users. Its advice to users: the public is advised to exercise caution before investing in these kinds of unregistered online investment platforms and their representatives (SEC advisory, 28 November 2023; SRC sec. 28 and 73).
Profit from selling or trading crypto is taxable income, on any platform. How the BIR treats it, and which rate applies, is on crypto tax in the Philippines; estimate the amount with the income tax calculator.
No exchange, wallet or bank pays to appear on this page or to change its order.
Betur Inc.
Skip it if you cash out more than ₱50,000 at a time to GCash or Maya: InstaPay caps each cash-out at ₱50,000, so bigger sums go by PESONet to a bank.
Maya Philippines, Inc.
Skip it if you need to move coins to another wallet: Maya said on 19 December 2025 that Send and Receive were unavailable.
Moneybees Forex Corp.
Skip it if you want to keep and trade coins inside an app: Moneybees sends the coins you buy to your own wallet, and its posted rates are valid for 15 minutes.
Philippine Digital Asset Exchange (PDAX)
Skip it if you fund from an e-wallet often: PDAX lists a 3% plus ₱15 cash-in fee from Maya and 1.80% from GrabPay, against free cash-in from UnionBank or Sterling Bank.
This page covers the SEC's public record on Binance. To report it, email epd@sec.gov.ph; to recover money already lost, a lawyer; for tax on gains, the BIR or a tax adviser.
