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PDAX Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
PDAX logo
3.04
Crypto Head Rating
Visit PDAX

The Bottom Line

PDAX positions itself as a key player in the cryptocurrency trading space, particularly within the Philippine market. With a focus on providing a comprehensive range of services for trading digital assets, PDAX caters to a growing audience looking for a reliable and regulated platform.

The exchange balances ease of use with a strong commitment to security, aiming to offer a trustworthy environment for its users’ trading endeavours.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Supports PHP directly
  • Offers a variety of cryptocurrencies
  • Local bank transfers available
  • User-friendly interface
  • Complies with local regulations

Cons

  • Limited global reach
  • Fewer features compared to major exchanges
  • Lower liquidity
  • Customer support issues reported
  • Occasional technical glitches reported

Quick Summary

Headquarters Location Taguig City, Philippines
Fiat Currencies Supported PHP
Total Supported Cryptocurrencies 37+
Trading Fees 0.40% - 0.50%
Deposit Methods Bank Transfer, Cryptocurrency, GCash, Coins.ph, Maya, Shopee Pay, GrabPay, Palawan Pay, Bayad
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our review of PDAX, a burgeoning cryptocurrency exchange that’s making waves in the digital finance space. PDAX stands for Philippine Digital Asset Exchange, and it’s quickly becoming a go-to platform for those interested in trading digital assets.

PDAX homepage

As we delve into what PDAX has to offer, let’s uncover the various facets that contribute to its growing popularity.

PDAX continues to expand its reach and capabilities as a cryptocurrency exchange. In an age where digital currencies are becoming more integrated into everyday financial transactions, understanding and utilising such platforms is becoming increasingly important.

PDAX provides an avenue for integration, with its services representing a growing trend towards accessible cryptocurrency trading. This expansion has not been without its challenges, but PDAX’s commitment to growth and innovation has remained steadfast, reflecting the dynamic nature of the market it operates in.

About PDAX

PDAX is a platform that operates as a bridge between traditional finance and the new digital economy. It’s a Philippine Digital Asset Exchange that allows users to buy, sell, and trade various cryptocurrencies directly with Philippine Pesos, making it an accessible entry point for locals into the world of digital assets.

Since its inception, PDAX has been committed to providing a simplified and regulated trading experience, targeting both seasoned traders and newcomers.

PDAX features

The journey of PDAX is a testament to the evolution of the digital asset industry in the Philippines. Amidst a backdrop of fluctuating market trends, PDAX has managed to carve out a niche for itself by capitalising on the increasing interest in cryptocurrencies within the region.

The exchange’s trajectory has been shaped by a series of historical milestones, including significant partnerships and regulatory milestones, which have bolstered its presence in the market. These developments, coupled with the rising tide of digital currency adoption globally, have solidified the exchange’s role in the Philippine digital finance landscape.

PDAX has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram, TikTok and YouTube.

PDAX has a mobile app on both the Apple App Store and Google Play.

PDAX Supported Cryptocurrencies

PDAX supports trading on over 37 cryptocurrencies on their platform. This exchange currently supports 17 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies PDAX supports

  • AAVE
  • ADA
  • ALGO
  • APE
  • AVAX
  • AXS
  • BAT
  • BCH
  • BNB
  • BTC
  • BUSD
  • COMP
  • DOGE
  • DOT
  • ENJ
  • ETH
  • GALA
  • GMT
  • GRT
  • GST
  • LINK
  • LTC
  • MANA
  • MATIC
  • PAXG
  • SAND
  • SHIB
  • SLP
  • SOL
  • SUSHI
  • UNI
  • USDC
  • USDT
  • WETH
  • XLM
  • XRP
  • XTZ

Trading Experience

Ease of use is at the heart of PDAX’s trading experience. The platform provides a user-friendly interface that caters to both novice and experienced traders.

Features such as real-time market trends, charting tools, and a streamlined verification process help users make informed decisions in a timely manner. PDAX’s trading interface is designed to help users navigate the market efficiently while providing the necessary tools to engage with digital assets effectively.

Trading on PDAX is an experience that balances simplicity with depth. The exchange offers a blend of inherent features designed to support both the novice and the seasoned trader.

A robust verification process, aligned with the KYC Program and Procedures, ensures that the integrity of the trading environment is maintained. From the selection of digital assets to the execution of trades, PDAX provides a cohesive trading process that allows users to adapt their trading strategy according to real-time market conditions.

The trading app is an extension of this experience, offering access and control over trading activities at any time.

PDAX exchange marketing

PDAX Fees

Understanding the fee structure of a cryptocurrency exchange is vital for any trader. PDAX prides itself on transparent pricing, with a fee model that is designed to be competitive and fair.

Although specific numbers are not provided here, generally, exchanges charge a combination of trading fees, withdrawal fees, and occasionally, deposit fees. PDAX’s fee structure is crafted to ensure that users are aware of the costs associated with their trading activities from the outset.

The trading fee model adopted by PDAX reflects a keen awareness of the market’s demand for transparency and fairness in transaction costs. Fees are a crucial factor for any trader, impacting the overall profitability and cost management of trading activities.

PDAX’s commitment to maintaining a competitive fee structure without compromising on service quality is indicative of its customer-centric approach. The exchange also recognises that a clear understanding of fee implications is essential for traders, and hence, keeps its users informed about any changes over time.

Type Fee
Deposit Fee (Bank Transfer) 2%
Trading Fee 0.40% - 0.50%
Withdrawal Fee (Bank Transfer) ₱0 PHP - ₱10 PHP

PDAX supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.001 BTC compared to the industry average of 0.000075 BTC. So PDAX has a fee that is above the industry average by 1233.33%.

Security - Is PDAX Safe?

Security is a paramount concern for any trading platform, and PDAX takes this seriously. The exchange implements robust security measures to protect users’ funds and personal information.

PDAX’s adherence to regulatory standards aims to instil confidence in its users that their assets are safe and that the platform operates within the bounds of legal requirements.

Security within PDAX has multiple layers, including technology-driven risk controls and an asset storage policy designed to safeguard users’ assets. PDAX’s vigilance against security breaches is evident in its regular audits and adherence to stringent security procedures.

The exchange remains up-to-date with the latest security credentials, ensuring that both the funds and personal data of its users are protected to the highest industry standards. PDAX’s dedication to security is a reflection of the high stakes involved in digital asset trading, where the risk of loss is mitigated by the implementation of comprehensive security measures.

PDAX Customer Support

Customer support is a critical aspect of any service-oriented company. PDAX offers support through various channels and ensures that users can receive the answers they need.

The exchange has put in place a robust system to handle inquiries and provide assistance, with an aim to maintain high customer satisfaction.

At PDAX, customer support extends beyond mere transactional interactions, embodying a process that values timely and accurate answers from people who understand the intricacies of the platform. The support system is crafted to be responsive, with a team equipped to handle a variety of inquiries, from issues with a PDAX Account to questions about the Digital Asset Address.

The exchange recognises that the landscape of digital assets can be complex, and the provision of comprehensive customer support is vital in helping users navigate this space.

PDAX support

PDAX Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on PDAX

  1. Create Account - Visit the PDAX website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • GCash
  • Coins.ph
  • Maya
  • Shopee Pay
  • GrabPay
  • Palawan Pay
  • Bayad

PDAX Alternatives

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Fiat Currencies Supported
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Fiat Currencies Supported
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Total Supported Cryptocurrencies
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Fiat Currencies Supported
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Final Thoughts

After exploring the PDAX platform, it’s clear that it serves as a solid trading platform for those looking to engage with digital assets. With its focus on regulatory compliance and user experience, PDAX is poised to be a competitive player in the market.

The crypto exchange landscape is part of a broader financial ecosystem that is increasingly digital and interconnected. The role of these platforms is not just to facilitate transactions but to also act as harbingers of innovation, pushing the boundaries of what is possible in digital finance.

As technology advances and regulatory landscapes evolve, exchanges like PDAX will likely play a pivotal role in shaping the future of money and commerce.

PDAX FAQs

PDAX, which stands for Philippine Digital Asset Exchange, is a legitimate platform that operates as a digital asset exchange in the Philippines. It allows users to engage in the trading of various digital assets.

PDAX operates under the regulatory oversight of the Bangko Sentral ng Pilipinas (BSP), which adds a layer of security to its operations. The exchange has implemented a robust verification process to ensure the security and integrity of users’ funds and trading activities.

Users should still be aware of the risks associated with trading and the volatility of the market, as well as conduct their own due diligence when trading digital assets.

PDAX is a digital asset exchange based in the Philippines. The ownership of such companies is often private and may involve multiple stakeholders, including investors and founders.

For detailed information on the ownership of PDAX, one could review corporate filings if available or inquire directly with the company. It’s important for users to go through the verification process to secure their PDAX Account and to understand the trading fee structure before engaging in trading activities.

To sell digital assets on PDAX, you must first have a verified PDAX Account. Here’s a simplified process:
1.

Log into your PDAX Account. 2.

Ensure that you have the digital asset you wish to sell in your PDAX wallet. 3.

PDAX offers users the ability to trade multiple digital assets and operates as a solid trading platform, providing services catered to the Philippine market. It includes features that facilitate the buying and selling of digital assets at current market prices and allows users to manage their funds with a focus on security.

The PDAX trading app and web platform are designed to be user-friendly, and the company adheres to regulatory obligations, including implementing a KYC Program and security procedures. However, the assessment of whether PDAX is a good trading platform will largely depend on individual user preferences, trading strategy, and risk tolerance.

PDAX functions as a digital asset exchange, allowing users to engage in the buying and selling of digital assets. To start trading, users must undergo a verification process to ensure security and compliance with regulatory authorities.

Once verified, users can deposit funds into their PDAX Account, view market trends, and execute trading activities at their discretion. PDAX provides a trading app and web platform where traders can place orders based on the current market price, with trading fees applied to transactions.

The platform is engineered with security credentials and risk controls to protect users and their assets. PDAX operates within the legal framework of the Philippines and is subject to regulatory action from time to time.

Alternatives to PDAX for trading digital assets include other digital asset exchanges that operate within the regulatory frameworks of their respective jurisdictions. These platforms may offer different features, trading fee structures, or digital asset offerings.

It is important for users to consider their own risk appetite, the security features, the verification process, and the market conditions when choosing an alternative exchange. Examples of alternatives might include international exchanges that accept users from the Philippines, as well as other local exchanges, provided they comply with the regulatory obligations of the jurisdictions they operate in.

To trade with PDAX, follow these steps:
1. Complete the registration and KYC verification process to set up your PDAX Account.

2. Deposit funds or digital assets into your account.

3. Familiarize yourself with the platform’s trading services, market conditions, and features.

The minimum amount required to trade on PDAX can vary depending on the digital asset and market conditions. PDAX may set a minimum order size for trades to be processed, which can be found in the trading app or by reviewing the exchange’s trading services documentation.

Traders should ensure they have adequate funds in their PDAX Account to cover the minimum trade amount and any applicable trading fee. It is advisable for users to check the latest information directly on PDAX for accurate, up-to-date requirements.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

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Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
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Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

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