The reading
On 3 November 2026, buying USDT with ₱5,000 cost about ₱63.53 per USDT on OKX, ₱63.54 on Binance, ₱63.58 on Bybit and ₱63.63 on MEXC. Selling ₱5,000 worth paid about ₱63.32 per USDT on Bybit, ₱63.26 on MEXC, ₱63.24 on OKX and ₱63.23 on Binance.
What it cost to buy 1 USDT
| Exchange | ₱1,000 order | ₱5,000 order | ₱50,000 order |
|---|---|---|---|
| Binance | ₱63.56best advert ₱63.53 | ₱63.54best advert ₱63.49 | ₱63.58best advert ₱63.49 |
| OKX | ₱63.55best advert ₱63.48 | ₱63.53best advert ₱63.48 | ₱63.56best advert ₱63.50 |
| Bybit | ₱63.67best advert ₱63.55 | ₱63.58best advert ₱63.49 | ₱63.61best advert ₱63.49 |
| MEXC | ₱63.61best advert ₱63.39 | ₱63.63best advert ₱63.30 | ₱63.69best advert ₱63.60 |
Lower is better when you buy. The shaded cell is the lowest typical price for that order size.
What you got for selling 1 USDT
| Exchange | ₱1,000 order | ₱5,000 order | ₱50,000 order |
|---|---|---|---|
| Binance | ₱63.20best advert ₱63.33 | ₱63.23best advert ₱63.33 | ₱63.23best advert ₱63.32 |
| OKX | ₱63.17best advert ₱63.32 | ₱63.24best advert ₱63.36 | ₱63.30best advert ₱63.36 |
| Bybit | ₱62.90best advert ₱63.35 | ₱63.32best advert ₱63.36 | ₱63.32best advert ₱63.36 |
| MEXC | ₱63.26best advert ₱63.45 | ₱63.26best advert ₱63.36 | ₱63.31best advert ₱63.36 |
Higher is better when you sell. The shaded cell is the highest typical price for that order size.
How to read the two numbers. The large figure is the typical price: the middle of the 10 best prices among adverts that accept that order size, from advertisers showing at least 10 completed orders and a 90% completion rate. "Best advert" is the single best of those. We use the typical price for comparisons because one unusually good advert is often small, gone in minutes, or open only to some users.
Work out your own amount
Enter an amount to see what each exchange's typical price gives.
An estimate from the reading above, using the order size closest to your amount.
What the exchanges say about fees. Binance announced in March 2024 a flat taker fee of 0.05 USDT per order on USDT pairs in most fiat markets, and we have not confirmed it is unchanged (Binance). OKX says it charges zero fee on P2P trading (OKX). Bybit lists a 0% fee for the person taking an advert, and charges advertisers in a few currencies (Bybit). MEXC describes a zero-platform-fee policy for P2P (MEXC). Where no fee is charged the price you accept is the cost of the trade, though your bank or wallet may charge for the transfer.
Featured and promoted adverts against the ordinary list
Some adverts are pinned above the ordinary list (shown in a highlighted box on OKX, labelled "Featured" on Bybit and MEXC). At this reading they compared with the ordinary adverts as follows.
| Exchange | You are | Pinned price | Typical price | Difference on 100 USDT |
|---|---|---|---|---|
| OKX selling | selling | ₱61.59 | ₱63.24 | ₱165 worse (2.6%) |
| OKX buying | buying | ₱65.29 | ₱63.53 | ₱176 worse (2.8%) |
| Bybit selling | selling | ₱63.36 | ₱63.32 | ₱4 better |
| Bybit buying | buying | ₱63.49 | ₱63.58 | ₱9 better |
| MEXC selling | selling | ₱60.45 | ₱63.26 | ₱281 worse (4.4%) |
| MEXC buying | buying | ₱66.35 | ₱63.63 | ₱272 worse (4.3%) |
We record what the lists show. We do not know how an advert comes to be pinned, so we draw no conclusion about why. The practical point is simple: scroll past the pinned adverts and compare before you pick. Binance showed no pinned adverts at this reading.
The gap between buying and selling
If you buy USDT and later sell it back on the same exchange, this gap is what the round trip gives up before any price change. For a ₱5,000 order:
| Exchange | Typical buy | Typical sell | Gap per USDT | As a share |
|---|---|---|---|---|
| Bybit | ₱63.58 | ₱63.32 | ₱0.26 | 0.41% |
| OKX | ₱63.53 | ₱63.24 | ₱0.29 | 0.46% |
| Binance | ₱63.54 | ₱63.23 | ₱0.31 | 0.49% |
| MEXC | ₱63.63 | ₱63.26 | ₱0.37 | 0.58% |
The the Philippines P2P market at a glance
Counted from the full advert lists at the same reading. "Buy from" means adverts selling USDT to you; "sell to" means adverts buying it from you.
| Exchange | Adverts to buy from | Adverts to sell to | Smallest order | Take ₱500 or less | Usual time to pay |
|---|---|---|---|---|---|
| Binance | 164 | 219 | ₱500 | 24% | 15 min |
| OKX | 82 | 164 | ₱56 | 37% | 15 min |
| Bybit | 44 | 90 | ₱100 | 25% | 15 min |
| MEXC | 44 | 79 | ₱120 | 34% | 15 min |
"Take ₱500 or less" is the share of adverts you can buy from whose minimum order is at or under that amount. "Usual time to pay" is the payment window most of those adverts set. Bybit is counted with the filter its page applies by default (verified advertisers); without it there were 90 to buy from and 127 to sell to.
Payment methods advertisers accept
- Binance. When you buy: Gcash 62%, GoTyme Bank 46%, Bank transfer 45%, Maya 43%. When you sell: Gcash 57%, Bank transfer 38%, Maya 37%, GoTyme Bank 32%.
- OKX. When you buy: GOTyme Bank 80%, Bank transfer 74%, GCash 74%, PayMaya 72%. When you sell: GCash 69%, GOTyme Bank 54%, Bank transfer 54%, PayMaya 40%.
- Bybit. When you buy: Gcash 75%, Bank transfer 61%, Maya 52%, GoTyme Bank 41%. When you sell: Gcash 79%, Maya 68%, Bank transfer 63%, GoTyme Bank 43%.
- MEXC. When you buy: Gcash 61%, Maya 59%, GoTyme Bank 57%, Bank transfer 48%. When you sell: Gcash 65%, Maya 56%, GoTyme Bank 52%, Bank transfer 49%.
Share of adverts on each list that accept the method. An advert can accept several, so the shares add up to more than 100%.
Daily readings
BinanceOKXBybitMEXC
BinanceOKXBybitMEXC
| Date | Binance | OKX | Bybit | MEXC | ||||
|---|---|---|---|---|---|---|---|---|
| Buy | Sell | Buy | Sell | Buy | Sell | Buy | Sell | |
| 3 Nov | 63.54 | 63.23 | 63.53 | 63.24 | 63.58 | 63.32 | 63.63 | 63.26 |
| 2 Nov | 63.62 | 63.16 | 63.60 | 63.42 | 63.51 | 63.22 | 63.59 | 63.26 |
| 1 Nov | 63.74 | 63.25 | 63.55 | 63.39 | 63.92 | 62.83 | 63.75 | 63.11 |
| 31 Oct | 63.47 | 62.50 | 64.06 | 63.66 | 64.01 | 63.66 | 64.04 | 63.59 |
| 30 Oct | 61.92 | 61.39 | 63.70 | 63.51 | 63.86 | 63.40 | 63.86 | 63.44 |
| 28 Oct | 64.27 | 63.96 | 64.18 | 64.08 | 64.25 | 63.87 | 64.27 | 64.05 |
| 27 Oct | 64.40 | 64.03 | 64.21 | 64.05 | 64.44 | 63.79 | 64.40 | 64.08 |
| 26 Oct | 64.31 | 63.99 | 64.18 | 63.99 | 64.30 | 64.00 | 64.65 | 64.02 |
| 25 Oct | 64.16 | 63.79 | 64.13 | 63.82 | 64.04 | 63.57 | 64.11 | 63.72 |
| 24 Oct | 63.92 | 63.58 | 63.75 | 63.57 | 63.81 | 63.33 | 63.92 | 63.54 |
| 23 Oct | 63.90 | 63.60 | 63.79 | 63.66 | 63.88 | 63.56 | 63.94 | 63.59 |
| 22 Oct | 63.64 | 63.35 | 63.70 | 63.50 | 63.69 | 63.37 | 63.67 | 63.36 |
Typical price per USDT for a ₱5,000 order. 12 readings so far. The table keeps the last reading of each day. Download every reading as CSV (all three order sizes, best and typical price, featured prices).
Before you trade on P2P
- Set your amount first. The price changes with order size, as the tables show, so compare adverts that actually accept what you want to trade.
- Scroll past the pinned adverts. Compare them with the ordinary adverts below before you pick.
- Read the advertiser's numbers. Completed orders and completion rate are shown beside each advert. This page ignores advertisers under 10 orders or 90%.
- Keep the chat and the payment on the platform. Bybit's P2P page tells users never to move the conversation off the platform and not to use third-party or split payments (Bybit P2P).
- Know what protects you. MEXC describes its P2P as an escrow: the seller's crypto is locked and released only after payment is confirmed (MEXC Learn).
How this is read, and what it cannot tell you
Every day, usually twice, a script opens the public USDT advert list each exchange shows to anyone, for three order sizes on each side, and records the prices. The exact time is printed at the top of this page. For Bybit we read the list with the filter its own page applies by default, which shows verified advertisers only. Adverts open only to takers in another country are left out. No account is used and nothing is traded.
- It is one reading, not a live quote. P2P prices move through the day. Use the tables to see how the exchanges compare, then check the live list.
- Adverts carry conditions. An advertiser can require a minimum account age, a number of completed trades or a verification level. The public list does not tell us whether you meet them, and some of the best prices are open only to some users.
- These are advert prices, not completed trades. We do not measure how fast an advertiser pays or releases.
- We keep prices, limits and payment-method names only. Nothing about any advertiser is stored.
The readings are free to reuse under Creative Commons Attribution 4.0 with a link to this page. More on how we collect figures is in how we measure and check. Spotted something wrong? Tell us.
The exchanges in this reading
Some broker links are referral links; we may earn a commission at no cost to you. It never changes our ranking.
Crypto is volatile and you can lose money. A P2P trade is a deal with another person: check the advert, the name on the account and the payment before you release or mark anything as paid. Education only, not financial advice.