GCash P2P · Live USDT Rates
GCash is the Philippines' largest e-wallet (Globe-owned, ~80M users) and the dominant rail for PHP P2P. Filipino USDT/PHP merchants quote GCash alongside PayMaya — instant 24/7 settlement, near-zero fees, and broad receiving-side coverage including diaspora remittance flows.
GCashP2P · per-exchange & fiat
| # | Exchange | Market | Best Buy | Best Sell | Buy ads | Sell ads | Total ads |
|---|---|---|---|---|---|---|---|
| 1 | Binance | 🇵🇭USDT/PHP | ₱61.66 | ₱61.38 | 116 | 123 | 239 |
| 2 | Okx | 🇵🇭USDT/PHP | ₱61.59 | ₱61.47 | 68 | 127 | 195 |
| 3 | Bybit | 🇵🇭USDT/PHP | ₱61.79 | ₱61.48 | 73 | 97 | 170 |
| 4 | Mexc | 🇵🇭USDT/PHP | ₱61.50 | ₱56.64 | 28 | 78 | 106 |
| 5 | Bingx | 🇵🇭USDT/PHP | ₱62.39 | ₱61.56 | 7 | 51 | 58 |
| 6 | Kucoin | 🇵🇭USDT/PHP | ₱62.40 | ₱60.01 | 12 | 35 | 47 |
| 7 | Gate | 🇵🇭USDT/PHP | ₱62.00 | ₱61.43 | 15 | 28 | 43 |
| 8 | Bingx | 🇪🇺USDT/EUR | — | €0.83 | 40 | 1 | 41 |
| 9 | Bingx | 🇺🇸USDT/USD | — | $1.00 | 36 | 4 | 40 |
| 10 | Htx | 🇵🇭USDT/PHP | ₱62.23 | ₱73.95 | 9 | 21 | 30 |
| 11 | Bybit | 🇺🇸USDT/USD | $1.20 | $1.00 | 2 | 6 | 8 |
| 12 | Htx | 🇺🇸USDT/USD | — | $0.97 | 1 | 2 | 3 |
| Σ | Total · 12 (exchange, fiat) combos | — | — | 407 | 573 | 980 | |
About GCash on P2P
GCash is the Philippines' largest e-wallet (Globe-owned, ~80M users) and the dominant rail for PHP P2P. Filipino USDT/PHP merchants quote GCash alongside PayMaya — instant 24/7 settlement, near-zero fees, and broad receiving-side coverage including diaspora remittance flows.
P2P trading via GCashworks like every other rail: the exchange escrows the seller's USDT, the buyer sends fiat through GCash off-platform, and once the seller confirms receipt the crypto releases. Counterparty risk lives on the GCashside — chargebacks, account holds and KYC mismatches are the failure modes. Always check the merchant's completion rate (>98%) and order count (>1000) before committing.
On OpenRate we currently track 980 GCash P2P ads across 8 exchanges and 3 fiat markets. The deepest liquidity is in PHP, USD, EUR — sort the table above by total ads to see which (exchange, fiat) combo has the most active merchants right now.
Frequently asked questions
How do I buy USDT with GCash?+
Open a P2P market on any exchange (Binance, Bybit, OKX), filter the payment-method dropdown to GCash, pick a buy ad with a high-completion-rate merchant, and start the order. The exchange escrows the seller's USDT; you send fiat via GCash off-platform; the seller confirms receipt and the USDT releases. Typical settlement is 5–15 minutes.
Which P2P exchange has the best GCash rates?+
Across the 8 exchanges where GCash is currently active, Binance, Bingx, Bybit, Gate, Htx, Kucoin, Mexc, Okx carry the most GCash ads. Rates differ by 0.1–0.5% between venues; this page shows the live prices side-by-side so you can pick the tightest spread.
Is paying with GCash on P2P safe?+
Yes — the platform escrows crypto until both sides confirm fiat settlement. Counterparty risk is on the GCash payment rail (chargebacks, account holds), not on the exchange. Always verify the merchant's completion rate (>98%) and order count (>1000) before committing capital.
Why are GCash P2P spreads tighter than non-Philippines rails?+
GCash is the Philippines' largest e-wallet (Globe-owned, ~80M users) and the dominant rail for PHP P2P. Filipino USDT/PHP merchants quote GCash alongside PayMaya — instant 24/7 settlement, near-zero fees, and broad receiving-side coverage including diaspora remittance flows.
What fiats can I use with GCash?+
GCash is currently active across 3 fiat markets on the exchanges we track, with the deepest liquidity in PHP, USD, EUR. The full per-(exchange, fiat) breakdown is in the table above.