According to RemitRoutes data (updated 4h ago), the cheapest way to send 1,000 HKD to Philippines is Binance P2P at 0.20% total cost. Crypto rails at 0.20% are 0.47 percentage points cheaper than the cheapest traditional option at 0.67%.
Sending $1,000 HKD. Rates measured 4h ago from live APIs · refreshed every 6 hours — never estimated.
| Provider | Type | Recipient Gets | All-In Fee | Speed |
|---|---|---|---|---|
| ✦ Binance P2P | Crypto | 7,996.83 PHP | 0.20% | ~1 second |
| Western Union | Traditional | 7,958.69 PHP | 0.67% | 1 business day |
| Instarem | Traditional | 7,926.54 PHP | 1.07% | Unknown |
| Wise | Traditional | 7,913.37 PHP | 1.24% | Instant |
| HSBC HK | Traditional | 7,491.02 PHP | 6.51% | Unknown |
| PayPal | Traditional | 7,474.55 PHP | 6.71% | Unknown |
| OFX | Traditional | 7,374.71 PHP | 7.96% | Unknown |
Updated every 6 hours from real APIs (Wise, CCXT, CoinGecko). No data is estimated or hardcoded. See methodology · Full HKD → PHP cost data
In Q3 2026, crypto rails delivered 1.18% above mid-market on average versus 1.76% all-in for traditional providers across 462 corridors — crypto was cheaper at or below mid-market in 41.8% of corridors and delivered above mid-market via P2P premium routes in a further 56.1%.
→ Cross-Border Cost Index — Q3 2026