What are the legal requirements for buying crypto in the Philippines?

3 answers

• PimsFeb 23, 2021 · 5 years ago
  To buy cryptocurrencies in the Philippines, individuals need to fulfill certain legal requirements. Firstly, they must be at least 18 years old and have a valid government-issued ID. Secondly, they need to have a digital wallet or an account with a cryptocurrency exchange. Thirdly, they may be required to provide proof of address, such as a utility bill or bank statement. Finally, they may need to complete a Know Your Customer (KYC) process, which involves providing personal information and undergoing identity verification. It's important to note that these requirements may vary depending on the cryptocurrency exchange or platform being used.
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• Smith SinclairAug 09, 2023 · 3 years ago
  Buying crypto in the Philippines comes with a few legal requirements. You'll need to be of legal age, have a valid ID, and possess a digital wallet or an account with a crypto exchange. Additionally, you might be asked to provide proof of address and go through a KYC process. Keep in mind that different exchanges may have slightly different requirements, so it's always a good idea to do your research before diving in.
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• Harman -Nov 13, 2020 · 5 years ago
  When it comes to buying cryptocurrencies in the Philippines, there are a few legal requirements to keep in mind. Firstly, you'll need to be at least 18 years old and have a valid government-issued ID. Secondly, you'll need to have a digital wallet or an account with a cryptocurrency exchange. Thirdly, some exchanges may require you to provide proof of address, such as a utility bill or bank statement. Lastly, you may need to go through a Know Your Customer (KYC) process, which involves verifying your identity. Remember, each exchange may have its own specific requirements, so it's important to check with them directly.
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