If you own any cryptocurrencies, having a safe crypto wallet is crucial. Selecting the wrong crypto wallet could result in users losing their valuable digital assets.
This article focuses on the top reliable crypto wallets in the Philippines since many Filipinos are engaging in cryptocurrencies.
A 2021 survey revealed that the Philippines ranks first among 20 countries in NFT ownership.
Here are the top best cryptocurrency wallets you can use if you are based in the Philippines and interested in buying and selling digital assets.
1) Coins.ph
Coins.ph is the most popular cryptocurrency wallet and financial services platform in the Philippines.
With its growing millions of users, the platform allows users to buy, sell, and store over 20 cryptocurrencies.
Coins.ph also offers a range of other financial services, such as mobile phone top-ups, bill payments, and remittances.
The Coins.ph wallet is a mobile app available on Android and iOS devices. Coin.ph has implemented several security features such as Two-factor authentication (2FA), SSL encryption, and KYC verification. Coin.ph has insurance coverage for its users’ funds in case of security breaches or losses.
The wallet is non-custodial, meaning users have complete control over their private keys and funds.
One unique feature of Coins.ph is its ability to allow users to convert their cryptocurrency holdings into Philippine pesos (PHP) and vice versa.
This feature makes it easy for users to use their cryptocurrency to pay bills, buy goods and services, and send money to other individuals.
2) Guarda
Guarda Wallet is a non-custodial multi-cryptocurrency wallet that allows users to securely store, manage and exchange over 400,000 cryptocurrencies and tokens across over 50 blockchains. It is available as a web wallet, desktop wallet, mobile app, and browser extension.
Guarda Wallet offers a user-friendly interface and excellent customer support, making it a good choice for beginners and advanced users.
The wallet has a high level of privacy as it does not require users to get their personal information.
The wallet uses industry-standard encryption and offers users control of their private keys, which are stored locally on their devices.
Guarda offers multi-signature support but doesn’t use two-factor authentication. However, the wallet has not experienced any security breaches.
3) Abra
ABRA was founded in 2014 by Bill Barhydt and is headquartered in California, United States. The wallet is available in 150 countries and supports 30 digital assets and 50 fiat currencies.
The wallet is also non-custodial, meaning users have full control over their private keys and funds. Other security measures include PIN code, recovery seed phrase and SMS verification. ABRA offers a user-friendly interface and supports multiple languages.
4) Metamask
Metamask is a very popular cryptocurrency wallet and browser extension that allows users in the Philippines to interact with decentralized applications on the Ethereum network.
This software can be easily downloaded from the official Metamask website and installed on various web browsers like Chrome, Firefox, and Brave.
Metamask uses robust security measures such as password protection, two-factor authentication, and private key encryption to ensure the safety of users’ cryptocurrency assets. Additionally, the wallet’s interface is user-friendly and straightforward, making it accessible to all cryptocurrency users, regardless of their expertise level.
Metamask values its users’ privacy and refrains from storing any personal data or transaction history on its servers.
5) Bitbit.cash
Bitbit.cash was developed by Satoshi Citadel Industry, the same team behind the creation of Buybitcoin.ph, the website that facilitates bitcoin buying and selling, Buybitcoin.ph allows Bitbit.cash users to buy and sell bitcoin with no hassle.
The platform features a peso wallet that simplifies converting Bitcoin to Fiat and vice versa.
To safeguard user funds, Bitbit.cash stores most funds in cold storage, keeping them offline and out of reach from potential online threats such as phishing and hacking.
6) Bitlox
BitLox is one of the most reliable hardware crypto wallets in the Philippines. It boasts advanced encryption technologies and multi-layered security features, providing maximum user funds protection.
The device is portable and user-friendly, with an intuitive interface that simplifies navigation and fund management.
It has an OLED display that shows essential transaction information like balance, status, and wallet address. BitLox is known for its emphasis on privacy, supporting Tor and VPN connectivity that enables anonymous transactions and shields users from tracking.
BitLox is compatible with Windows, MacOS, Linux, Android, and iOS. It can store up to 100 wallets, with 50 hidden.
The wallet allows users to back up their private keys to recover funds if the device is lost, stolen, or damaged. However, it does not allow for buying, selling, or exchanging cryptocurrencies, only bitcoin storage.
Conclusion:
With the above top crypto wallets in the Philippines, traders and be rest assured of the safety of their digital coins.
However, adhering to personal safety is crucial to trading. Don’t give out your login details to a stranger online and ensure that you abide by the security tips when using any of the above digital wallets in the Philippines.