BSPRegulated
Philippines Virtual Asset Service Provider (VASP)
PDAX
Regulated in Philippines
Virtual Asset Service Provider (VASP)
Basic Information
Country/RegionPhilippines
Exchange AbbreviationPDAX
Company NamePhilippine Digital Asset Exchange (PDAX), Inc
Operating Period5-10 years
Websitehttps://pdax.ph/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- Regulatory Jurisdiction
- Philippines
- Licensed Entity
- Philippine Digital Asset Exchange (PDAX)
- Effective Date
- --
- Sharing Status
- No
User Feedback
7
The user interface of PDAX is very poor, very unfriendly. The prices fluctuate greatly, often catching me off guard. It's really terrible.
PDAX's trading fees are too expensive, and the user interface is not user-friendly. Despite supporting a wide variety of cryptocurrencies, the liquidity is not stable, causing many issues for trading.
I noticed that when transferring the amount costing was almost double the amount you send to other wallet address.
PDAX offers trading services for a range of cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and other digital assets.
Exchange Overview
Exchange Overview
What is PDAX?
PDAX is a cryptocurrency exchange in the Philippines where users can buy and trade top global cryptocurrencies at competitive market prices.
Platform Features
The platform serves millions of users, offering mainstream token trading, digital collectibles, secure wallet management, government bonds, and large deposit channels. It is positioned as an "all-in-one wealth app for modern Filipinos," enabling users to start their trading and investment journey.
Business Region
InfluenceC0
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News
Exchange demands users return Bitcoin bought for $6K during tech glitch
Cyrus McNally Feb 24, 2021 Exchange demands users return Bitcoin bought for $6K during tech glitch An apparent “glitch” on PDAX temporarily dropped BTC prices by 88% and saw trading suspended. The exchange held a press conference yesterday to explain what happened. 64057 Total views 605 Total shares Listen to article 0:00 News One of Southeast Asias biggest crypto exchanges is blaming a technical glitch for the price of Bitcoin dropping down to 300,000 Philippine pesos, roughly $6,100, on Feb. 16. An unknown number of customers of the Philippine Digital Assets Exchange, or PDAX, managed to buy thousands of Bitcoin (BTC) from the exchange at a massive discount, making them local currency billionaires on paper — at least for a few hours. A number of PDAX customers withdrew their purchased Bitcoin up to the exchanges limit on individual accounts of 1 BTC per 24 hours. PDAX is reportedly demanding these users refund BTC obtained during the crash under the threat of potential legal action. The tech glitch led to a 36-hour closure, and several users continue to report remaining locked out of their accounts. Still unable to login for 7 days straight now. They're trying to cover up something fishy here.