Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
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 | Flipster |
|---|---|---|
|
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 |
The minimum trade amount on Flipster is user-friendly, allowing beginners to start trading with a small initial investment. |
|
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 |
Flipster charges moderate fees, which are competitive but not the lowest in the market. |
|
Supports over 37 cryptocurrencies, which is decent for a regional exchange but less compared to larger international platforms. |
Number of Cryptocurrencies |
Flipster offers a wide range of cryptocurrencies, providing users with ample choices for diversification. |
|
PDAX primarily focuses on PHP-to-crypto pairs, limiting options for those looking to trade directly between cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
The platform supports several crypto-to-crypto pairs, though the selection is not as extensive as some competitors. |
|
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 |
Flipster maintains a transparent website with clear information on fees, terms, and supported assets. |
|
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 |
Credit and debit card support is available, but with higher fees compared to bank transfers. |
|
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 |
Flipster provides secure storage options with robust security measures for users’ assets. |
|
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 |
Staking options are available, offering moderate rewards for users who participate. |
|
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 |
The platform offers both a mobile app and desktop version, both of which are well-designed and user-friendly. |
|
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 |
Customer service is responsive and available through multiple channels, though some users report occasional delays. |
|
PDAX supports various local payment methods, which is convenient for Filipino users. International users, however, might find options limited. |
Deposit and Withdraw |
Deposits and withdrawals are straightforward, but fees can be higher than some other platforms. |
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.
