Yes. UnionBank's operator, Union Bank of the Philippines, Inc., is on the BSP's list of licensed virtual asset service providers.Its licence is a BSP Certificate of Authority under BSP Circular No. 1108, s. 2021; the BSP Verifier record was last updated 21 July 2026. It is one of 2 banks among the 8 active names on the list. See the BSP list · BSP Circular No. 1108, s. 2021
On the SEC record: 2 SEC advisories posted from 1 January 2018 to 28 September 2026 mention UnionBank, none of them as the party warned against.
Skip it if you want to move crypto in or out: UnionBank’s terms cover buying and selling for pesos only.
| BSP VASP licence | Yes, bank BSP Verifier, record updated 21 July 2026 |
|---|---|
| Trading fee | A spread added to the market price (illustrated as ₱3,030 on a ₱1,000,000 BTC price: ₱3,030 ÷ ₱1,000,000 = 0.30%) UnionBank virtual asset terms, as listed on 2 October 2026 |
| Cash out to GCash or Maya | Sell for pesos inside UnionBank Online UnionBank virtual asset terms, as listed on 2 October 2026 |
| Send crypto out | No send or receive function in the terms UnionBank virtual asset terms, as listed on 2 October 2026 |
| Official site | unionbankph.com |
Next: open UnionBank only from its official site, unionbankph.com; see what UnionBank publishes on fees, or compare all 8 licensed providers.
UnionBank lets customers aged 18 or older with a linked deposit account buy and sell crypto for pesos inside UnionBank Online, after a suitability assessment. UnionBank virtual asset terms
| Price spread | A spread is added to the market price; UnionBank's terms illustrate it as ₱3,030 on a ₱1,000,000 BTC price (₱3,030 ÷ ₱1,000,000 = 0.30%), for illustration onlyUnionBank virtual asset terms, as listed on 2 October 2026 |
|---|
No exchange, wallet or bank pays to appear on this page or to change its order.
| Provider | Trading fee | Cash out | Send crypto out | Skip it if |
|---|---|---|---|---|
| Coins.phNon-bank VASPOfficial site | Convert: no fee, spread applies. Spot: 0.1% maker / 0.15% taker at Tier 0 Coins.ph fee schedule, as listed on 2 October 2026 | InstaPay, ₱5 flat, ₱1 to ₱50,000 per cash-out Coins.ph help centre, as listed on 2 October 2026 | Yes; network fee varies by token and network. Receiving is free Coins.ph help centre, as listed on 2 October 2026 | 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 Coins.ph help centre, as listed on 2 October 2026 |
| Maya CryptoNon-bank VASPOfficial site | No transaction fee; Maya earns a margin on the price (percentage not published) Maya Crypto terms, as listed on 2 October 2026 | Sells straight to your Maya Wallet, real time or up to 2 business days Maya Crypto terms, as listed on 2 October 2026 | Unavailable since Maya refreshed the feature (help centre, 19 Dec 2025) Maya help centre, posted 19 December 2025 | you need to move coins to another wallet: Maya said on 19 December 2025 that Send and Receive were unavailable Maya help centre, posted 19 December 2025 |
| MoneybeesNon-bank VASPOfficial site | No transaction fee; a margin is built into the posted rate Moneybees terms, updated 27 August 2026 | Pesos to your bank account, or cash at a partner outlet Moneybees site, as listed on 2 October 2026 | Coins you buy are sent to the wallet you choose Moneybees site, as listed on 2 October 2026 | 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 Moneybees site, as listed on 2 October 2026 |
| PDAXNon-bank VASPOfficial site | No trading fee row on PDAX's fee page PDAX fee page, as listed on 2 October 2026 | InstaPay, ₱15, real time, up to ₱50,000; Maya must be a verified account PDAX fee page, as listed on 2 October 2026 | Yes; fee not fixed, shown before you confirm. Basic accounts cannot withdraw crypto PDAX help centre, as listed on 2 October 2026 | 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 PDAX help centre, as listed on 2 October 2026 |
| TopJuan TechnologiesNon-bank VASP | No provider website | No provider website | No provider website | No provider website |
| GoTyme Go CryptoBank VASPOfficial site | Shown in the app before each order; no amount published GoTyme account terms, as listed on 2 October 2026 | To your GoTyme everyday account, converted from US dollars to pesos, in 1 to 2 days GoTyme help centre, as listed on 2 October 2026 | Not offered: no external wallets or transfers GoTyme crypto page, as listed on 2 October 2026 | you want to hold coins in your own wallet or send them elsewhere: Go Crypto has no external wallets or transfers, and every trade goes through US dollars GoTyme crypto page, as listed on 2 October 2026 |
| UnionBankBank VASPOfficial site | A spread added to the market price (illustrated as ₱3,030 on a ₱1,000,000 BTC price: ₱3,030 ÷ ₱1,000,000 = 0.30%) UnionBank virtual asset terms, as listed on 2 October 2026 | Sell for pesos inside UnionBank Online UnionBank virtual asset terms, as listed on 2 October 2026 | No send or receive function in the terms UnionBank virtual asset terms, as listed on 2 October 2026 | you want to move crypto in or out: UnionBank’s terms cover buying and selling for pesos only UnionBank virtual asset terms, as listed on 2 October 2026 |
| WIBS PHPNon-bank VASPOfficial site | Not on WIBS PHP's fee page WIBS PHP site, as listed on 2 October 2026 | Not on WIBS PHP's pages WIBS PHP site, as listed on 2 October 2026 | Not on WIBS PHP's pages WIBS PHP site, as listed on 2 October 2026 | you use an iPhone: the DOPAY app is on Android only, in early access WIBS PHP site, as listed on 2 October 2026 |
| Licensed company | Union Bank of the Philippines, Inc. |
|---|---|
| BSP status | Licensed VASP |
| Type | Bank VASP |
| Head, as listed | Ms. Ana Maria Aboitiz-Delgado President and CEO |
| Head office | UnionBank Plaza Bldg., Meralco Ave. corner Onyx St. Ortigas Center, Pasig City |
| Phone, as listed | (632) 8841-8600 |
| Compliance or support email | complianceoperations@unionbankph.com |
From the BSP Verifier VASP directory and the BSP list of VASPs dated 15 July 2026. Crypto used mainly as a means of payment falls under the BSP. Crypto offered or sold as a security, or as a financial product under RA 11765, falls under the SEC. SEC advisory on the effectivity of the CASP Rules, 14 Jul 2025
These SEC warnings are about other schemes; UnionBank appears in them only as the channel the schemes used.
Rules from the BSP Circular No. 1108, s. 2021 (issued January 2021).
Rules from the Financial Products and Services Consumer Protection Act (RA 11765) (approved 6 May 2022).
Yes. UnionBank's terms describe buying and selling crypto with pesos inside UnionBank Online, for customers aged 18 or older with a linked deposit account. (Source: UnionBank virtual asset terms, as listed on 2 October 2026.)
The SEC advisories that mention UnionBank are about other schemes that used it to move money; none names UnionBank as the unregistered party. Latest such advisory: 10 October 2023.
Profit from selling or trading crypto is taxable income, whether you trade on UnionBank or elsewhere. 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 UnionBank's licence, published fees and cash-out. For a problem with a specific transaction, go to UnionBank's support first, then the BSP; for tax on your gains, the BIR or a tax adviser; for whether to invest, a licensed investment adviser.
