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Your expert: Alejandro Borja
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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Pdax | FEATURES | Biking |
|---|---|---|
|
PDAX allows users to start trading with as little as PHP 50 per single trade, making it accessible for beginners and those with limited capital. |
Minimum Trade |
BiKing offers a reasonable minimum trade limit, accommodating both small and large traders. |
|
The trading fees range between 0.40% to 0.50%, which is moderately competitive within the region but higher compared to global averages. |
Trading and Transaction Fees |
The exchange boasts low trading fees at 0.01% for both makers and takers, promoting active trading. |
|
Supports over 37 cryptocurrencies, which is decent for a regional exchange but less compared to larger international platforms. |
Number of Cryptocurrencies |
While BiKing supports major cryptocurrencies like Bitcoin and Ethereum, it has a more limited selection compared to larger exchanges. |
|
PDAX primarily focuses on PHP-to-crypto pairs, limiting options for those looking to trade directly between cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
Offers a modest range of crypto-to-crypto trading pairs, sufficient for mainstream traders but less so for those seeking variety. |
|
The website provides clear information about trading fees, minimum trade amounts, and other essential policies, although some users may find certain operational details lacking. |
Website Transparency |
BiKing provides clear information about trading fees and security measures but could improve on regulatory disclosures. |
|
This lack of a dedicated card offering means that PDAX users cannot directly utilize their crypto holdings for everyday transactions outside the platform. |
Credit/Debit Card |
Without a dedicated exchange card, users of BiKing Exchange may miss out on the convenience and rewards typically associated with such cards in the cryptocurrency space. |
|
Provides secure wallet services regulated under Philippine law, ensuring safety for digital assets, though it lacks some of the advanced features found in dedicated crypto wallets. |
Storage Offering |
Utilizes secure cold storage solutions to ensure the safety of user funds against potential threats. |
|
Currently, PDAX does not offer staking services or rewards, which is a significant drawback for users looking to earn through these mechanisms. |
Staking and Rewards |
Offers staking options and rewards, although the range and returns are somewhat limited compared to competitors. |
|
The mobile app is user-friendly and provides a robust trading experience on the go, although the desktop version could be enhanced with additional trading tools. |
Mobile App and Desktop |
Both the mobile app and desktop platform are user-friendly and robust, offering a seamless trading experience. |
|
Offers multiple channels for support including email and social media, but there are reports of delays and the lack of immediate response options like phone support or live chat. |
Customer Service |
Provides 24/7 customer support with good response times and helpful assistance. |
|
PDAX supports various local payment methods, which is convenient for Filipino users. International users, however, might find options limited. |
Deposit and Withdraw |
Efficient deposit and withdrawal processes, though limited by the lack of fiat currency support. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
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Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S