Best Crypto Exchanges In Singapore

Finding the best crypto exchange in Singapore is important. The HedgeWithCrypto team has researched and reviewed the best-performing cryptocurrency exchanges in Singapore.

HedgewithCrypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only. HedgewithCrypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. We may receive compensation from our partners if you visit their website. Read our disclaimer for details.

Top Cryptocurrency Exchanges In Singapore

Based on our reviews, these are the best crypto exchanges for Singapore:

  1. Independent Reserve (trusted and licensed crypto exchange)
  2. Crypto.com (global crypto trading app)
  3. Coinhako (MAS-approved crypto exchange)
  4. Kraken (safe, reliable platform to buy & sell)
  5. Luno (accepts Xfers using SGD)
  6. Blockchain.com (long-standing exchange)
  7. Revolut (simple exchange with banking features)
  8. MetaComp (local crypto exchange)

Crypto Exchanges In Singapore Compared

EXCHANGE CRYPTO ASSETS TRADING FEES RATING PROMOTION WEBSITE REVIEW
KrakenKraken

222

0.16% (maker) and 0.26% (taker)

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.8 / 5

None available at this time

Visit Kraken Kraken Review
independent reserveIndependent Reserve

BTC, ETH, XRP, USDT, ADA and 25 more

0.5% maximum, 0.02% minimum

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.2 / 5

None available at this time

Visit Independen… Independent Rese…
Crypto.comCrypto.com

288

0.075%

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.2 / 5

None available at this time

Visit Crypto.com Crypto.com Revie…
coinhako logoCoinhako

66

0.6%

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.2 / 5

None available at this time

Visit Coinhako Coinhako Review
luno logoLuno

11

0.1% (Maker) / 0.09% (Taker), 1.5% Instant Buy

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.0 / 5

Deposit $30 worth of any crypto and get AUD $30 worth of BTC

Visit Luno Luno Review
revolut logoRevolut

104

1.99%

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.0 / 5

None available at this time

Visit Revolut
Blockchain.com logoBlockchain.com

31

From 0.4%

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
3.7 / 5

None available at this time

Visit Blockchain… Blockchain.com R…
metacomp logoMetaComp

3

15 Basis Points

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
3.7 / 5

None available at this time

Visit MetaComp

Best Crypto Exchanges In Singapore Reviewed

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

1. Independent Reserve

Why we picked it

4.2 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Utilized by over 200,000 customers and established in 2013, Independent Reserve is one of the most trusted exchanges in Australia and South-East Asia. Independent Reserve is Singapore's first cryptocurrency exchange fully licensed by the Monetary Authority of Singapore (MAS) under the payment services act.

  • Trading Fees:

    0.5% maximum, 0.02% minimum

  • Currency:

    AUD, NZD, SGD, USD

  • Country:

    Australia, New Zealand & Singapore

  • Promotion:

    None available at this time

Pros and cons

  • Simple to Use
  • Charting tools provided by TradingView
  • Free SGD Deposits
  • OTC Desk for Large Purchases
  • Only 30 Supported Assets
  • Not Many Trading-Centric Features

The exchange caters to retail users, trusts, and institutions wishing to buy 30 cryptocurrencies, including Bitcoin, Ethereum, and XRP, using Singaporean dollars (SGD), USD, AUD, or NZD. Unfortunately, no trading pairs are supported, with Independent Reserve only offering direct crypto purchases.

Independent Reserve has a straightforward and intuitive interface. However, users can access charting software provided by TradingView and an ‘Advanced Trading' mode that enables limit and stop limit orders.

Independent Reserve SG screenshot

Users can deposit SGD instantly via FAST Transfer or foreign currency via SWIFT. Independent Reserve also offers an OTC desk for large purchases over S$100,000 to S$10+ million. The crypto exchange's fee structure is relatively straightforward, where deposits are free, withdrawal fees are S$1.5, and trading fees are a flat 0.5% with volume-based discounts available.

Independent Reserve is one of the most popular crypto exchanges in Singapore. Although the platform isn't quite as versatile as the global crypto exchanges Kraken and Crypto.com, it's an alternative choice for investors wishing to trade using SGD on a smaller exchange.

Read our full Independent Reserve review.

2. Crypto.com

Why we picked it

4.2 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Crypto.com has over 80 million customers worldwide and is one of the best crypto trading platforms in the US that is supported in Singapore and approved by MAS. However, while Crypto.com is divided into an app and a trading platform with different features, the advanced exchange is unavailable in Singapore, limiting the platform's trading features.

  • Trading Fees:

    0.075%

  • Currency:

    AUD, CAD, EUR, GBP, USD, BRL, and TRY

  • Country:

    Global (USA Allowed)

  • Promotion:

    None available at this time

Pros and cons

  • Beginner-friendly
  • Trust name in the industry
  • Lots of supported assets
  • Their dedicated Exchange is not available in Singapore
  • Only available as an App

The Crypto.com app is an all-in-one platform to buy, sell, trade, spend, store, earn, loan cash, and even pay bills with crypto. Additionally, Crypto.com users can register for a Visa crypto debit card to spend their crypto holdings in real-world establishments. Furthermore, Crypto.com boasts deep liquidity and minimal slippage.

Users can buy Bitcoin or other assets using a credit card or bank transfer via FAST Transfer or the Singapore-based payment provider StraitsX. While it's free to purchase crypto using funds held within an SGD wallet, users opting to use the StratisX wallet (which settles in tokenized SGD called XSGD) will be charged a 0.5% transaction fee.

ADA interest rates with Crypto.com

From our experience, the Crypto.com app is fairly easy to use. Important features can be easily accessed, but it lacks advanced features.

Crypto.com is one of the largest crypto exchanges in the world and is a common choice for Singaporean investors wishing to buy crypto.

Read our full Crypto.com review.

3. Coinhako

Why we picked it

4.2 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Coinhako makes our list of the best crypto platforms in Singapore as it is one of the few crypto exchanges fully regulated by MAS. Unlike other exchanges with “in-principal approval only,” Coinhako is fully licensed to operate as a financial service provider of digital currencies.

  • Trading Fees:

    0.6%

  • Currency:

    USD and SGD

  • Country:

    Singapore

  • Promotion:

    None available at this time

Pros and cons

  • Tailored to Singaporeans
  • No Bank Transfer Deposit Fees
  • Straightforward To Use
  • OTC Desk for Large Purchases
  • No Exchange
  • Downtime for Credit/Debit Card Deposits

Moreover, the exchange is Singapore-born and bred and has been operating consistently since 2014. As such, its founders Yushuo Luo and Gerry Eng, boast a strong understanding of what makes a good crypto exchange and what Singaporean investors seek in a trading platform.

Coinhako dashboard

Of Coinhako's many pros, the most notable is the purpose-built website and mobile app tailored to people who haven't used a crypto exchange before. Investors and traders who have may want to look elsewhere as there is a significant lack of advanced trading tools and features beyond buying and selling with SGD.

Coinhako doesn't offer a traditional crypto exchange, so there is no support for trading pairs or derivatives trading. However, users can spot-buy 61 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Enjin, and Tether.

Coinhako charges a flat 0.6% transaction cost which is expensive compared to Independent Reserve (0.5%) and Kraken (0.16% /0 .26%). However, there are no fees to deposit SGD via a bank transfer. While users can link a bank account or credit card, the latter was unavailable during our research.

Coinhako is a good alternative to Kraken and Crypto.com. Although the exchange is less competitive in terms of fees and offers fewer cryptocurrencies, its focus on the Singapore market means it's an option for investors looking for a local investment platform.

Read our full Coinhako review.

4. Kraken

Why we picked it

4.8 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Kraken is a Bitcoin and cryptocurrency platform founded in 2011 that is based in the United States but serves 100+ countries, including Singapore. The platform is a top-five exchange based on traffic, liquidity, and trading volumes, making it an excellent option for traders and investors preferring to trade crypto with a well-established company. However, while Kraken is licensed by FinCEN, AUSTRAC, and the FCA, the platform is not currently approved by the Monetary Authority of Singapore (MAS).

  • Trading Fees:

    0.16% (maker) and 0.26% (taker)

  • Currency:

    USD, GBP, EUR, CAD, CHF, JPY & AUD

  • Country:

    Global (USA Allowed)

  • Promotion:

    None available at this time

Pros and cons

  • Over 200 Assets
  • Low Trading Fees
  • Popular Exchange Worldwide
  • Not MAS Approved
  • No Future Trading in Singapore
  • SGD Not Natively Supported

Traders can still use its advanced trading platform and crypto portfolio tracking app to manage their portfolios using a single website or mobile app. However, futures trading is unavailable to traders and investors based in Singapore.

Kraken supports 221 cryptocurrency assets, including Bitcoin, Ethereum, Tether, XRP, Solana, and Litecoin. There are also popular DeFi tokens like Compound (COMP), Kava (KAVA), and Kyber Network (KNC). Transaction fees are charged at 0.16% on maker orders and 0.26% on taker orders.

Kraken has a good selection of conditional orders such as market, limit, stop loss, take profit, stop loss limit, and take profit limit. This makes Kraken a viable day trading platform for spot traders. However, the user interface is quite basic and only offers a little customizability.

Kraken trading interface

Unfortunately, SGD is not one of Kraken's eight fiat currencies natively supported. While users can fund their account using SGD, it must be converted by the payment provider and could incur high fees. Therefore, locals should check their bank for any conversion costs before registering with Kraken.

Although Kraken is a well-rounded exchange available to Singapore residents, its lack of MAS compliance significantly impacts its performance as a cryptocurrency exchange in Singapore, especially when it doesn't offer SGD as an account currency.

Read our full Kraken review.

5. Luno

Why we picked it

4.0 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Luno is a MAS-licensed cryptocurrency exchange based in Singapore, operating in over 60 countries worldwide. With over 10 million users globally and 17 billion USD in transactions, Luno is one of the larger Asian-Pacific exchanges offering a quick way for individuals to invest in Bitcoin or altcoins such as Ethereum, XRP, and Litecoin.

  • Trading Fees:

    0.1% (Maker) / 0.09% (Taker), 1.5% Instant Buy

  • Currency:

    GBP, EUR, AUD, SGD and 4 others

  • Country:

    Global (US not allowed)

  • Promotion:

    Deposit $30 worth of any crypto and get AUD $30 worth of BTC

Pros and cons

  • Supports Free SGD Deposits
  • Quick and Easy To Buy Crypto
  • Based in Singapore
  • Limited Range of Assets
  • High Fees for Card Purchases

Luno's trading experience has been designed for beginners and offers one of the easiest ways to start trading crypto using a wide range of fiat currencies. Luno also provides a trusted and secure online wallet for individuals to temporarily store their coins, making the platform ideal for beginners.

Additionally, Luno offers a dedicated crypto trading platform equipped with charting and analysis tools provided by TradingView.

Luno buying Bitcoin with SGD

Using a credit/debit card, bank transfer, or StraitsX e-Wallet, Singapore-based investors can purchase ten cryptocurrencies; Bitcoin, Ethereum, XRP, Solana, Cardano, ChainLink, Uniswap, Litecoin, Bitcoin Cash, and USDC. Although deposits are free, instant buys incur a 0.75% fee, and card purchases are charged 3.50%. Furthermore, SGD bank withdrawal fees are S$2.00

While most Luno features are available in Singapore, Avalanche has been removed as a tradable asset in the region. The limited range of tradable cryptocurrencies means that more exotic coins and tokens are not available for trading.

Read our full Luno review.

6. Blockchain.com

Why we picked it

3.7 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Launched in 2012, one year after Bitcoin was released, Blockchain.com is one of the industry's oldest and most trusted exchanges. The London-based crypto exchange received its MAS license in late 2022, meaning the company can serve Singaporean residents in line with national regulations.

  • Trading Fees:

    From 0.4%

  • Currency:

    USD, EUR, GBP

  • Country:

    Global (USA allowed)

  • Promotion:

    None available at this time

Pros and cons

  • Staking Support for Singaporeans
  • Good Range of Assets
  • TradingView Charts
  • No Native SGD Support
  • Higher Than Average Trading Fees

Blockchain.com operates a crypto wallet and a dedicated exchange for trading. While the wallet enables users to store 31 cryptos and earn up to 10% APR through its crypto staking platform, the exchange supports 74 tradable assets comprised of 65 standard pairs and nine margin trading pairs with up to 5x leverage.

Although Singaporeans can purchase crypto with a credit/debit card or bank transfer using Blockchain.com, the company only supports USD deposits/withdrawals for residents. As such, locals could have to pay for currency conversions. Additionally, Blockchain.com uses a maker/taker fee structure of 0.40%/0.45%, making it quite expensive compared to the likes of Binance and Kraken.

Blockchain.com trading exchange orders

Thankfully, buying crypto on Blockchain.com is straightforward. Users can directly purchase assets from the wallet platform or head to the Blockchain.com crypto exchange to deposit crypto or fiat and swap it for another cryptocurrency using the TradingView-powered trading platform.

While Blockchain.com is simple to use and offers a reasonable number of assets, its lack of direct SGD support and higher trading fees hamper its performance.

Read our full Blockchain.com review.

7. Revolut

Why we picked it

4.0 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Revolut is a MAS-approved e-wallet and payments app similar to PayPal that launched in 2015. While initially billed as an alternative banking app, Revolut has since released support for buying crypto, stocks, and commodities directly within the platform. With Revolut already providing banking services for many Singaporeans, it's an excellent choice for investors who want to avoid signing up for different platforms. Unfortunately, Revolut is available exclusively as a mobile app which could hamper usability for desktop-based investors.

  • Trading Fees:

    1.99%

  • Currency:

    USD, EUR, GBP, SGD and 25 others

  • Country:

    Worldwide (US allowed)

  • Promotion:

    None available at this time

Pros and cons

  • Suitable for beginners
  • Already a Popular Crypto App
  • MAS-Approved Exchange
  • High Fees
  • Overly Basic

Customers can use the app to store fiat currencies, send money to friends and family, and spend using a physical or virtual card. Revolut also offers savings accounts and the ability to purchase stocks and 104 cryptocurrencies using SGD and 29 other fiat currencies.

It's free to deposit funds at Revolut using a bank transfer or credit/debit card, and the process is similar to sending a typical bank transfer. However, crypto transaction fees are 1.99% per trade – far higher than the other crypto exchanges on our list.

One of the pros of Revolut is its ease of use. The app is exceptionally well-designed and features an intuitive interface that makes buying crypto with fiat a breeze.

8. MetaComp

Why we picked it

3.7 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Founded in 2018, MetaComp is a Singapore-based crypto exchange that specializes in offering fiat-to-crypto exchange services. It is one of the few crypto exchanges granted a license to operate by the Monetary Authority of Singapore. As such, it offers SGD as a base currency and is considered one of the safest options for Singaporean residents to buy and sell digital assets.

  • Trading Fees:

    15 Basis Points

  • Currency:

    SGD

  • Country:

    Singapore

  • Promotion:

    None available at this time

Pros and cons

  • Native SGD Support
  • Charts Powered by TradingView
  • Fast Trade Option
  • Limited Range of Assets
  • Poor information on fees

While MetaComp doesn't offer a vast range of additional features like crypto staking or copy trading, the exchange does offer an easy-to-use fiat-to-crypto on-ramp with excellent liquidity. Furthermore, the platform provides a ‘Fast Trade' system enabling users to buy crypto without any previous experience.

Unfortunately, MetaComp is limited in terms of supported crypto assets. Users can buy Bitcoin, Ethereum, and ChainLink denominated in SGD, USD, or EUR for nine crypto trading pairs. MetaComp also offers three tokenized securities, but there is little price information available, and the assets have had no trading volume for months.

MetaComp resembles the typical crypto exchange structure. TradingView provides charting capabilities, meaning users can access many technical indicators and drawing tools. However, many gaps in pricing information could indicate either a lack of volume or significant downtime.

MetaComp screenshot

As MetaComp is a Singaporean crypto exchange, users can easily deposit or buy crypto using the native currency, SGD. Furthermore, the platform supports deposits and purchases using a bank account, credit or debit card, and crypto, making the platform relatively accessible. However, while the withdrawal and deposit fees are waived, a 15 BPS fee is charged for any trades.

How To Find The Best Crypto Exchange In Singapore

With so many cryptocurrency exchanges starting up, it can take a lot of work for beginners in Singapore to find a suitable platform. Therefore, we have individually researched the above exchanges and rated their performance against the following criteria. Read our exchange review and rating process for more information on our methodology for comparing the best trading platforms.

Regulation

Using a licensed exchange with the Monetary Authority of Singapore (MAS) is the safest option for buying and selling crypto in Singapore. The country enforces one of the world's highest financial standards and regulations governing the digital currency industry.

Beginner-friendliness

Ease of use is an important consideration, especially for individuals investing in cryptocurrencies for the first time. This includes the online desktop website and mobile phone app. It is essential that a user can create an account, complete KYC, deposit funds, and purchase Bitcoin using a streamlined and quick process.

Deposit methods

The availability of locally supported payment methods to fund an account should be at the forefront of the priority list of new investors in Asia. Our rating checks the deposit methods available for residents in Singapore using the local currency, SGD. For example, one of the quickest and most accessible deposit options is using a bank transfer via Xfers.

Withdraw to local bank account

Not all cryptocurrency exchanges allow the withdrawal of SGD to a bank account. However, this is an essential feature for investors aiming to cash out of their investments eventually. Thankfully, regulated exchanges based in Singapore will have the option to convert crypto back to SGD and withdraw their funds to a bank account.

Supported cryptocurrencies

Bitcoin is widely available on the vast majority of digital currency platforms. However, thousands of other altcoins and tokens have become popular, so investors must consider which assets they wish to buy before registering for an exchange.

Wallet security

The risk of online scams, fraud, and theft is a significant concern in the blockchain community. As such, it's essential to check the security measures and track record of exchange before registering. Standard security measures include cold wallet storage for client funds, a multi-signature withdrawal process, and two-factor authentication.

Fees

There are several different fees to be aware of when using a crypto exchange, such as depositing fiat, foreign conversion charges, withdrawing cash or crypto, and trading costs. In addition, most trading platforms also charge a spread fee (the difference in price between selling and buying an asset), often a ‘hidden cost' and not disclosed.

Customer support

Explore the website to find out what communication methods are available to support users who need troubleshooting advice or assistance on the exchange. Also, some exchanges will provide comprehensive FAQs and How-To-Guides, which are helpful for beginners.

Reviews

Reviews of online exchanges, comments on forums, and social media posts are all excellent methods to see how other like-minded people feel about a particular platform.

What is the Best Way to Store Cryptocurrency in Singapore?

Although most of the best Singaporean crypto exchanges offer a hot wallet that can be used to hold customer funds, they should only be used for temporary storage, as they typically offer the worst security and do not provide true ownership of funds.

Instead, we advise investors in Singapore to use a non-custodial wallet that offers greater privacy and security or a dedicated hardware wallet to eliminate the risk of online attacks.

Non-Custodial Wallets

A non-custodial wallet is any crypto wallet that gives the user control over the private keys used to recover a wallet account.

Some of the best cryptocurrency wallets (non-custodial) include:

  • Atomic Wallet
  • MetaMask
  • Trust Wallet
  • Exodus Wallet

Hardware Wallets

A hardware wallet offers users additional protection by implementing a dedicated hardware security module and hardware-based encryption technology. Additionally, many hardware wallets, sometimes called cold wallets, include anti-tamper mechanisms that wipe the wallet to prevent unauthorized access.

Some of the best hardware wallets include:

  • Ledger Nano X
  • Ledger Nano S Plus
  • Trezor Model T
  • Ellipal Titan
  • KeepKey

Frequently Asked Questions

Which Crypto Exchanges Accept SGD Deposits?

Singapore boasts one of the highest cryptocurrency adoption rates out of every country. As such, many crypto exchanges accept SGD deposits to ensure they can capture a piece of this rapidly growing market. Out of the platforms we've reviewed, Crypto.com, Independent Reserve, Coinhako, Luno, MetaComp, and Revolut.

What is the Cheapest Crypto Exchange in Singapore?

Technically, Kraken offers the lowest trading fees of any platform we've reviewed. However, as the exchange doesn't provide SGD as an account currency, users could be forced to pay high conversion fees. As such, Independent Reserve will likely offer the cheapest way to buy crypto in Singapore.

Which App is Best to Buy Crypto in Singapore?

The Crypto.com app boasts an excellent mobile design, competitive fees, and SGD as an account currency. As such, it is the best app for Singaporean residents to buy crypto.

What is the Most Popular Cryptocurrency in Singapore?

Although Ethereum was the most-owned cryptocurrency in Singapore a few years ago, Bitcoin has since taken the title, with over 60% of Singaporean crypto investors holding the asset at the time of writing.

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:

Is It Legal To Buy Bitcoin In Singapore?

Bitcoin and other cryptocurrencies are not recognized as legal tender in Singapore. However, the asset class is perfectly legal, with The Monetary Authority of Singapore (MAS) granting several exchanges a license to operate in the region.

Is Bitcoin Taxed In Singapore?

Individuals that buy or sell digital currencies such as Bitcoin using a trading exchange must pay tax 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.

Conclusion

When selecting the best cryptocurrency exchange in Singapore, it is wise to stick with well-established and reputable companies supported in Singapore that accept Singapore Dollars (SGD) and are MAS-approved.

While each platform we've discussed offers excellent performance and is accessible in Singapore, we found Independent Reserve to be the best overall cryptocurrency exchange in Singapore due to its competitive fees, TradingView integration, and support for SGD/local payment methods.

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