Thanks to the suggestions given by readers, I discovered Coinhako and have since opened an account with them. I totally missed this out when this post was originally published. Best crypto exchange (Ease of deposit): Coinhako In ending, also offers a good range of coins which makes it a good option for both beginner and existing crypto investors. However, if you’re planning to invest a substantial amount with, you may want to consider it. While the card used to be hugely popular thanks to the perks offered, the latest revisions in their terms have cost them to lose their shine. The app also comes with a pretty user-friendly UI that is easy to use. Lowered fees along with the capability to deposit your fiat via FAST transfer with no fees makes a great crypto exchange option for Singapore investors. CRO stakers and VIPs enjoy even lower fees. To help you further, I pick 3 of the best crypto exchanges, based on select criteria: Best crypto exchange (Lowest fee): Īs of Aug 2022, had reduced their trading fees by 80%, down to 0.075% for Spot trades. I hope the table above has helped to narrow down your options. Kucoin no longer serves the Singapore market. Previously our favorite but they have been in trouble since the FTX blow up and don’t look safe at the moment. (as of 15 Jun 22)įAST,Bank Transfer,Credit Card,Apple & Google Pay No/ Binance.sg has stopped its services in Singapore.īinance is one of the largest exchanges and still deserves a mention.įlat fee for most coins.Dynamic fee for ETH or ERC-20 tokens. Best Crypto Exchanges in Singapore Cryptocurrency ExchangeĮxemption from Payment Services Act by MASįAST, Credit Card (3.5% fee),StraitsX (0.5% fee)ĭebit/Credit card (2.9% fee), StraitsX (0.3% fee), GrabPay (1.5% fee),Bank transfer (Only for Premium & Platinum members)ĭebit/Credit card (Credit card fees apply),FASTīank Transfer,PayNow,Debit / Credit Card (Credit card fees apply),StraitsX (0.55% fee), Grabpay (2.8% fee)Ĭoinhako has obtained the Major Payment Institution (MPI) Licence in May 2022.įAST (S$2.5 fee for deposits under S$1,000)Ĭredit Card (Credit card fees apply), SWIFT Bank Transfer (USD) Here, we share the best Crypto Exchanges to use in Singapore, as of Jul 2023. Hence, if you wish to get some crypto to hedge your portfolio, your choices are somewhat limited. To me, these are the key considerations when choosing a cryptocurrency exchange:Īlas in Singapore, we do not have access to all the crypto exchanges available due to the current regulations and a need for KYC. With so many options, which should you choose? Fees, price spreads, order types, liquidity, and the types of coins offered can differ widely too.Īccording to Coinmarketcap, there are over 229 crypto exchanges to choose from. This also means that you can have different price quotes on Bitcoin on different exchanges. This is unlike stocks where you can have multiple brokers putting orders in the same exchange. Most readers are familiar with stock brokers and exchanges but can be quite clueless as to how to buy cryptocurrencies.Ĭryptocurrency exchanges play the role of a broker as well as a marketplace.
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