7 Best Cryptocurrency Exchanges In Singapore

our Pick

Best Bitcoin Exchange For

coinbase

Best Bitcoin Exchange For

binance

Best Bitcoin Exchange For

luno

It can be a challenging task for beginners to know which cryptocurrency exchange in Singapore to use with so many options with varying features, trading pairs and fees to consider. Also, not all global cryptocurrency exchanges or trading platforms are supported in Singapore, or will accept SGD deposit to fund an account. We will give our opinion on the best crypto exchanges to buy Bitcoin in Singapore so you can make an informed decision.

Best Exchanges To Use In Singapore

Here is our consolidated list of the best crypto exchanges to buy Bitcoin in Singapore:

  1. Binance (world's leading crypto exchange)
  2. Coinbase (high quality, reputable, safe exchange)
  3. Kraken (safe, reliable platform to buy & sell) 
  4. Gemini (US-based platform, available in SG)
  5. Crypto.com (global crypto trading app)
  6. Luno (accepts Xfer payment using SGD)
  7. Zipmex (regulated exchange in Singapore)

Crypto Exchanges In Singapore: Reviews

This comparison guide provides an overview of the best cryptocurrency services in Singapore to buy, trade and sell Bitcoin and other altcoins. Some exchanges require you to own a Bitcoin hardware wallet such as a Ledger Nano X. If you don't have a wallet, read our guide on the best digital currency hardware wallets.

Exchange

Crypto Assets

Fees

Rating

Review

Promotion

Website

binance

Binance

100+

0.6%

4.8/5

Get 10% off trading fees

coinbase

Coinbase

37

0.5% - 2.5%

4.7/5

USD $10 trading bonus

kraken

Kraken

47

0.16% / 0.26%

4.6 / 5

None available at this time

gemini

Gemini

26+

0.5%

4.5/ 5

None available at this time

crypto.com

Crypto.com

80+

0.2%

4.5/ 5

None available at this time

luno

Luno

10

0.1%

4.4/ 5

None available at this time

zipmex

Zipmex

160+

0.2%

3.9 / 5

None available at this time

Singapore Cryptocurrency Exchange: Reviews

Our review and assessment of the best Bitcoin exchanges is based on important factors such as ease of use, reputation, charting features, trading fees, deposit methods, security and customer support.

Binance

Binance is an industry leading digital currency exchange that offers a place to buy, trade and sell more than 200 trading pairs. The platform is one of the most popular crypto trading exchanges in the world and highest for trading volume. Binance supports users in Singapore to buy, trade and sell 8 crypto assets directly using SGD Dollars through Binance Singapore with a credit card or internet banking transfer using an Xfers wallet.

binance singapore

Features:

  • Leading exchange for digital currencies
  • Safe and reputable trading platform
  • Multiple trading pairs against fiat, altcoins and stablecoins
  • Competitive trading and withdrawal fees
  • Future, options and crypto margin trading available
  • Earn interest on crypto with a Binance savings account

Ease of use

Reputation

Deposit methods

Security

Coinbase

Coinbase is a safe and reputable Bitcoin exchange that is trusted by thousands of customers all over the worldThe platform provides a simple way to buy cryptocurrency in Singapore with a credit or debit card that supports "3D Secure." Digital assets can be stored in an online wallet and monitored using a highly intuitive mobile app. Users can also trade crypto assets using Coinbase Pro which offers competitive trading fees and advanced trading features.

coinbase

Features:

  • Global digital asset exchange that allows SGD deposits
  • Well trusted and secure cryptocurrency platform
  • Buy, trade and sell multiple crypto coins
  • Earn crypto by learning about coins
  • Supports staking of coins such as Tezos and Cosmos
  • Excellent security features to ensure users funds are safe

Ease of use

Reputation

Deposit methods

Fees

Kraken

Kraken is a Bitcoin and cryptocurrency platform that was founded in 2011 that is based in the United States. The platform is a top 5 exchange based on traffic, liquidity, trading volumes of spot markets according to coinmarketcap.

Kraken has over 70 crypto pairs to buy, trade and sell with new assets added frequently. The exchange includes advanced trading tools and automated portfolio monitoring to allow users to monitor the market and manage their portfolio using a single interface. 

kraken

Features:

  • Accepts several fiat currencies such as USD, EUR and AUD
  • Charting interface is user-friendly and is simple to trade
  • Ranked #5 in the world for trading volume and liquidity
  • Low and competitive trading fees that decrease with volume
  • Full time staff to offer 24/7 customer support

Ease of use

Reputation

Deposit methods

Fees

Gemini

Gemini is a US cryptocurrency exchange that is popular for providing a safe way for individuals, traders and institutions to buy, sell, and store Bitcoin and cryptocurrency.

The platform provides an advanced trading platform, custody service, secure wallet, mobile trading app and off-exchange crypto trades. Gemini is continually pushing the boundaries of mass adoption and innovation to provide an easy and safe way for world citizens to interact with crypto. 

gemini website

Features:

  • US-based digital currencies exchange
  • Security focussed platform to protect customer funds
  • Tier based fee structure that decreases with higher volume
  • User friendly and intuitive mobile trading app
  • Spend crypto using the Gemini app

Ease of use

Reputation

Deposit methods

Fees

Crypto.com

With over 1 million customers worldwide, Crypto.com is a premium exchange and trading app which is supported in Singapore. Crypto.com app is an all-in-one platform to buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto. Users can buy Bitcoin or other assets using a credit card or bank transfer via Singapore-based payment option X-fers 

Crypto.com Exchange offers a platform with deep liquidity to buy 80+ assets at true cost, no mark-up or fees using an easy to use interface on desktop or phone app. New users are eligible to 90 days of zero-fee crypto trading for 90 days.

crypto.com

Features:

  • Beginner-friendly user interface with advanced tools
  • High liquidity order-book with low spreads
  • Tier based trading fees that decrease with higher volume  
  • Margin platform to trade crypto CFD's
  • Payment methods such as credit card or bank account

Ease of use

Reputation

Deposit methods

Fees

Luno

Luno is a trusted and safe online exchange and wallet for assets such as Bitcoin, Ethereum, Litecoin and XRP. The exchange has over 5 million users worldwide and is a popular exchange across Asia with a large following in Singapore. Luno has been designed for beginners with an easy to use web or phone app with fast deposits and withdrawals. 

luno website

Features:

  • Beginner-friendly with movile app
  • Free to deposit SGD via Xfers bank deposit or transfer
  • Low trading fees that decrease with trading volume
  • Secure wallet to store digital assets with peace of mind
  • Comprehensive guides and lessons to learn about crypto

overall

4.4/5

Ease of use

Reputation

Deposit methods

Fees

Zipmex

Zipmex is an online exchange that is regulated by local authorities and based in Singapore to provide a safe platform for buyers and sellers in the digital currencies market. The platform works like a broker to find the best crypto prices by aggregating volume from the world's most liquid global exchanges and OTC desks.

Access to global liquidity is reflected in the competitive trading fees of 0.2% per trade. Users in Singapore can deposit USD of SGD using a wire transfer of bank deposit to fund an account.

zipmex website

Features:

  • Regulated trading platform that supports SGD deposits
  • User interface is beginner-friendly and easy to use
  • Obtains the best prices for Bitcoin, Ethereum, XRP, EOS and Litecoin
  • No deposit fees for SGD bank transfers from local account
  • Advanced charting to view live and historical crypto charts
  • Two-factor authentication to reduce risk of account theft

Ease of use

Reputation

Deposit methods

Fees

Frequently Asked Questions

What Is The Best Way To Buy Bitcoin?

The best way to obtain Bitcoin is to use a regulated and trusted exchange that offers BTC and accepts Singapore Dollars as payment. The benefits of using a local exchange in Singapore are:

  • Exchange must comply with Anti Money Laundering (AML) reporting obligations
  • Regulated by the Monetary Authority of Singapore (MAS)
  • Buy/sell directly from the exchange using Singaporean dollars 
  • Supports local methods to deposit SGD such as debit card or bank transfer using X-fers
  • Local customer support service that is easier to get in touch with

Is Coinbase Legal In Singapore?

Coinbase is a global  exchange that was granted a 6 month digital payment token service in July 2020. The provisional licence allows Coinbase to continue its operation temporarily under the new Payment Services Act.  

Is It Legal To Buy Bitcoin In Singapore?

Bitcoin and other forms of cryptocurrencies are not currently recognised as legal tender in Singapore. The Monetary Authority of Singapore (MAS) has granted several crypto companies such as Coinbase, Binance and Luno with a temporary licence under the new Payment Services Act. This allows the providers to continue operations in Singapore to provide a platform for individuals to buy Bitcoin.

Is Bitcoin Taxed In Singapore?

Individuals that buy or sell digital currencies such as Bitcoin using a trading exchange will be taxed on the profits made. Businesses that accept Bitcoin as a payment method for goods and services will be subject to normal income tax rules and tax dedications under Singapore's tax laws.

How Do I Trade Bitcoin In Singapore?

Users in Singapore can trade Bitcoin using a cryptocurrency platform to convert fiat currency or different digital assets such as Ethereum into Bitcoin. To trade Bitcoin, the process involves:

  1. Create an account with a cryptocurrency exchange such as Coinbase
  2. Complete the signup registration process and verify your identity (KYC)
  3. Enter SGD funds into the account using a debit or credit card
  4. Select Bitcoin (BTC) from the cryptocurrency asset list  
  5. Enter the amount of Bitcoin to buy using SGD balance
  6. Review purchase order and complete the trade

Individuals that want to trade Bitcoin with leverage can use a futures or derivatives exchange with margin trading with a 100:1 multiplier on their available funds. 

What Is The Best Bitcoin Wallet In Singapore?

The best wallet to store digital assets such as Bitcoin, Ethereum and Litecoin is a reputable hardware wallet that is kept under the possession of the investor. Two of the most well known Bitcoin wallets are the Ledger Nano X and TREZOR T.

Using a cold storage wallet provides an airlock between internet-connected devices and the asset. The private keys which give the right to access the cryptocurrency (send, transfer and receive) is kept on the wallet and not an exchange. Even if the hardware wallet is damaged, lost or stolen, the funds can be accessed using a variety of back-up options such as using a recovery phrase.

The cost of a hardware wallet is a relatively small price to pay for your peace of mind.

Wallet

Dimension

Rating

Price

Website

ledger nano x

72mm x 18.6mm x 11.7mm

5/5

$119 USD

nano s ledger

56.9mm x 17.4mm x 9.1mm

4.5/5

$59 USD

trezor t model

64.0mm x 39.0mm x 10.0 mm

4.3/5

$159 USD

trezor one

60.0mm x

30.0mm x

6mm

4.1/5

$59 USD

keepkey wallet

38 mm x

93.5mm x

12.2 mm

3.6/5

$49 USD

Conclusion

To conclude our article on the best cryptocurrency exchanges to use in Singapore, it is wise to stick with well-established and reputable exchanges that is supported in Singapore and accept Singapore Dollars or at least US Dollars. The above Bitcoin & crypto trading platforms have been established for many years and have a responsive customer support team.  

Now its your turn to comment.

  • Have you used any of these Singaporean Bitcoin exchanges?
  • What was your experience?
  • Which Bitcoin exchange in the Singapore would you recommend?

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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.