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Explore the best crypto exchange Singapore has to offer. Known for its strong yet innovative financial regulations, Singapore stands as the leading crypto hub in Asia.
Our list focuses on a list of approved crypto exchanges in Singapore, highlighting their unique features and specifications. We provide comprehensive reviews of safe and reliable platforms for buying, selling, and trading cryptocurrencies in Singapore.
Exchange Name | Cryptocurrencies Supported | Trading Fee | MAS Approved | Funding Methods | Ratings | |
---|---|---|---|---|---|---|
230+ | 0.5% Trading Fees | Yes | Bank transfer, credit, and debit card | 5 | Visit | |
250+ | 0.1% for both maker and taker | Yes | Bank transfer, credit, and debit card | 5 | Visit | |
10+ | 0.10% for maker, 0.20% for taker | Yes | Bank transfer, PayNow | 4.8 | Visit | |
600+ | 0.10% for both maker and taker | Yes | Bank transfer, debit, and credit card | 4.6 | Visit | |
700+ | 0.1% for both maker and taker | Yes | Bank transfer, credit card, debit card, and P2P | 4.5 | Visit | |
300+ | 0.08% for maker and 0.10% for taker | Yes | Bank transfer, credit, and debit card | 4.2 | Visit | |
10+ | 1% per trade | No | Bank transfer, credit, and debit card | 4.2 | Visit | |
100+ | 0.20% for maker, and 0.40% for taker | Yes | Bank transfer and debit card | 4.1 | Visit | |
30+ | 0.02 to 0.05% for both maker and taker | Yes | Bank transfer and credit card | 4 | Visit | |
100+ | 0.10% for spot trading, 0.01% for maker, and 0.06% for taker | No, operates globally | Bank transfer, credit card, debit card, and P2P | 3.8 | Visit |
Coinbase:Best crypto exchange in Singapore that's secure and user-friendly for digital currency investors and traders with the trust of millions.
Crypto.com:Next best crypto exchange in Singapore. With over 80 million users, Crypto.com is an extensive crypto ecosystem with low trading fees.
Luno:Top exchange in Singapore with extensive access to crypto education.
Binance:World’s largest cryptocurrency exchange by trading volume. It is ideal for Singapore traders with high liquidity and requires a range of coins.
KuCoin:Serves over 25% of the world’s crypto holders with competitive fees and diverse trading options in Singapore.
OKX:Offers high-quality crypto services, supporting over 400 cryptocurrencies with industry-leading security.
Remitano:A trusted P2P cryptocurrency exchange platform in Singapore that facilitates secure and easy payment services.
Gemini:One of the fully compliant and locally regulated crypto exchanges that offers a secure and transparent platform for a list of cryptocurrencies.
Independent Reserve:Founded in 2013 and provides Singaporeans with a regulated and secure platform for high-volume traders.
Bybit:Offer Singapore traders with advanced derivatives trading and a secure P2P marketplace. It is trusted by over 10 million users worldwide.
When selecting the best legal exchange to trade digital or virtual currency in Singapore, our team at Coingape prioritized security, fees, and efficiency. We thoroughly analyzed popular cryptocurrencies, regulatory compliance, and all aspects of cryptocurrency investment in Singapore.
These comprehensive reviews cover the features and specifications of the 10 best crypto exchanges for Singapore users.
Coinbase is our top choice as the best cryptocurrency exchange to buy crypto from in Singapore. It is compliant with the Monetary Authority of Singapore’s regulations and has a robust platform. It is a trustworthy platform that is fully compliant for investors to trade in.
As a licensed platform under Singapore’s Payment Services Act, Coinbase ensures a safe and secure environment for trading a wide range of cryptocurrencies. It supports over 230 different cryptocurrencies, where users can buy, sell, or manage their digital payment token services very easily. Even with the convenient funding options, Coinbase stands out as a reliable choice in the Singapore region.
Cryptocurrencies Supported | 230+ |
Fees | 0.5% Trading fees, 2% Flat fee on credit transactions |
Funding Methods | Bank transfers, credit, and debit card |
MAS Approval | Yes |
Supporting over 250+ cryptocurrencies, it offers different options for buying, selling, or managing their assets, with low fees. For most traders, Crypto.com is the cheapest crypto exchange for spot trading.
Crypto.com has made itself the most popular and trusted app platform in Singapore, with the trust of more than 80 million users all around the world . Crypto.com is recognized worldwide for its commitment to making investor’s lives easier by following the regulatory compliance of a country and giving users industry-leading insurance.
Supporting over 250+ cryptocurrencies, it offers different options for buying, selling, or managing their assets, with low trading fees and options of over 720 trading pairs.
For most traders, Crypto.com is the cheapest crypto exchange for spot trading. Crypto.com received its major payment institution license in June 2022 for all the major payment options and Digital Payment Token (DPT) services. It became an excellent digital asset exchange platform for all traders because of its convenient crypto services fees and supported multiple payment methods through bank transfers, credit, and debit cards.
Cryptocurrencies Supported | 250+ |
Fees | 0.1% Taker fees and 0.1% Maker fees |
Funding Methods | Bank transfer, credit, and debit card |
MAS Approval | Yes |
Luno is a secure crypto exchange platform that offers a simple way for users to buy, sell, and manage crypto assets. With its user-friendly interface, Luno is one of the best crypto exchanges for beginners in Singapore. The platform supports multiple cryptocurrencies such as Bitcoin, Ethereum, and others, allowing users to trade easily. It has a strong focus on security, using robust measures such as two-factor authentication and advanced encryption to protect users’ funds and personal information.
The platform supports a range of learning resources, including articles, videos, and tutorials, to help users understand how crypto works and how to make informed trading decisions. Licensed by the Monetary Authority of Singapore, Luno follows the regulatory standards, ensuring a trustworthy and compliant trading environment.
Cryptocurrencies Supported | 10+ |
Fees | 0.1% Maker fees and 0.2% Taker fees |
Funding Methods | Bank transfer, and PayNow |
MAS Approval | Yes |
Binance is one of the world’s most popular and largest crypto exchanges, offering a wide range of cryptocurrencies for trading. It has high liquidity, making it one of the best crypto exchanges for day traders. In Singapore, Binance is known for its competitive fees, as it offers the lowest trading costs in the industry which makes it beneficial for both newbies and experienced traders. Overall, the platform has a user-friendly interface and a robust interface, enabling users to manage their investments from anywhere in the world.
Binance uses strong security measures such as multi-factor authentication and secure storage of funds, to protect user assets and information. Despite the regulatory challenges faced by Binance in Singapore in 2022, it remains a key player in the crypto space, offering valuable cryptocurrency trading services to users.
Cryptocurrencies Supported | 600+ |
Fees | 0.1% Maker fees and 0.1% Taker fees |
Funding Methods | Bank transfer, Debit, and Credit Card |
MAS Approval | Yes |
KuCoin is a popular cryptocurrency platform that supports over 700 cryptocurrencies worldwide and provides a user-friendly interface. This platform stands out from its competitors on its competitive fee structure, low entry barriers, and easy-to-use trading tools. It also offers advanced trading features such as margin and futures trading, which attract expert traders to fix their positions.
KuCoin emphasizes strong security and has implemented multiple layers of protection to safeguard user assets. These include multi-factor authentication, advanced encryption, and cold storage for the majority of users’ funds. The customer service is highly responsive offering 24*7 service to assist with any issues on the platform.
Cryptocurrencies Supported | 700+ |
Fees | 0.1% Maker fees and 0.1% Taker fees |
Funding Methods | Bank transfer, Debit Card, Credit Card, and P2P |
MAS Approval | Yes |
With its wide trading options and a range of digital assets supported, OKX is a popular option in Singapore. But what makes OKX special is copy trading. It is the best crypto copy trading platform for Singaporeans.
OKX supports more than 300 cryptocurrencies, including Bitcoin and Ethereum. This platform is known for its high liquidity and competitive fee structure for the users. It has a user-friendly interface and supports trading tools such as spot trading, futures, and options. OKX’s mobile app allows users to manage their portfolios effectively and trade seamlessly.
With its wide trading options and a range of digital assets supported, OKX is a popular option in Singapore. But what makes OKX special is copy trading. It is the best crypto copy trading platform for Singaporeans.
OKX supports more than 300 cryptocurrencies, going beyond just Bitcoin trading. This platform is known for its high liquidity and competitive fee structure for the users. It has a user-friendly interface and supports trading tools such as spot trading, futures, and options. OKX’s mobile app allows users to manage their portfolios effectively and trade seamlessly.
They also focus on using advanced security options like multi-factor authentication, encryption, and cold storage for funds. The Monetary Authority of Singapore (MAS) provided its complete digital payment token services approval for the OKX platform on 13 March 2024. Now, OKX has the right to provide digital payment tokens and cross-border money transfer services in Singapore.
Cryptocurrencies Supported | 300+ |
Fees | 0.08% Maker fees and 0.1% Taker fees |
Funding Methods | Bank transfer, Debit, and Credit Card |
MAS Approval | Yes |
Remitano is a well-established cryptocurrency platform that specializes in peer-to-peer (P2P) trading, making it a unique choice in Singapore. It allows individuals to buy and sell cryptocurrencies directly with each other in a safe and secure environment.
The platform supports some of the popular cryptocurrencies such as Bitcoin, Ethereum, etc. to trade safely through an escrow service that holds the funds until both parties confirm the transaction.
The Singapore crypto exchange platform requires identity verification to ensure that users are legitimate and transactions are secure. It also offers a user-friendly platform that is easy to navigate, even for beginners. With 24×7 crypto exchange support and a range of educational resources, Remitano provides a secure environment for trading in Singapore.
Cryptocurrencies Supported | 10+ |
Fees | 1% Trading fees |
Funding Methods | Bank transfer, Debit, and Credit Card |
MAS Approval | No |
Gemini is one of the safest crypto exchanges in Singapore known for its strong focus on security and compliance. It offers a user-friendly interface with wide trading options to trade Bitcoin, Ethereum, and more. Users can easily purchase crypto and manage their portfolios through Gemini’s website or app, which provides a seamless trading experience.
As the platform is licensed by the Monetary Authority of Singapore (MAS), it ensures that regulatory standards are followed, making it a trusted choice for trading in a safe and compliant manner. It provides strong security features such as multi-factor authentication, insurance for digital assets, etc.
Cryptocurrencies Supported | 100+ |
Fees | 0.20% Maker Fees, and 0.40% Taker fees |
Funding Methods | Bank transfer, and Debit Card |
MAS Approval | Yes |
Independent Reserve is the best crypto exchange in Singapore due to its OTC desk. The platform focuses on both new and expert traders to easily manage their cryptos. With its competitive trading fees and advanced trading options, it provides an extra layer of trust and security for the users.
The crypto exchange has robust security measures such as multi-signature authentication, secure cold storage, etc. With 24/7 customer support and detailed educational resources, it ensures that users have the necessary tools and knowledge to manage their assets effectively.
Cryptocurrencies Supported | 30+ |
Fees | 0.20-0.50% for maker and taker fees |
Funding Methods | Bank transfer, and Credit Card |
MAS Approval | Yes |
Bybit is a leading cryptocurrency platform known for its robust and user-friendly platform, focusing on traders with advanced features. This makes ByBit the best crypto futures exchange for traders in Singapore.
The cryptocurrency trading platform is beneficial for both newbies and seasoned traders due to its competitive fees and high liquidity. Bybit’s key strength is its focus on security and compliance, ensuring that user’s funds and personal information are well-protected.
Cryptocurrencies Supported | 100+ |
Fees | 0.10% spot trading, 0.01% maker fees, and 0.06% taker fees |
Funding Methods | Bank transfer, Credit Card, Debit Card, and P2P |
MAS Approval | No, operates globally |
As Crypto trading is legal in Singapore, it is the Monetary Authority of Singapore (MAS) that regulates crypto trading. It is the central bank, as well as the financial regulator in the country, setting guidelines for crypto exchanges. This allows the digital assets to be traded in a safe and consistent environment, ensuring the investor’s safety.
It is necessary to employ KYC (Know Your Customer) along with AML (Anti-Money Laundering) procedures in Singapore for compliance with the MAS regulations. These procedures make sure that all Bitcoin investors are identified and verified properly and that their transactions, like deposits and withdrawals of these digital currencies, can be monitored to prevent fraud and illicit activities like money laundering.
The MAS provides you with the following risk warning as a consumer of a digital payment token:
The exchanges mentioned in this list are all top choices. However, we gave multiple options as not one exchange can suit the trading needs of all. Here are some of the factors one must consider when choosing a crypto trading platform.
Ensure that the exchange is licensed or operating under an exemption from the Monetary Authority of Singapore (MAS) with regulations. Also, check if the exchange provides insurance for digital assets to protect against potential losses due to hacks or fraud.
Always look for crypto exchanges offering fee reductions through staking, using the platform’s native token, or loyalty programs. Multiple crypto exchange platforms provide extra benefits to the users who help in making the coins more trending on social media among the users. Additionally, exchanges with high liquidity ensure there is very low price slippage.
Compare the fee structures for different crypto exchanges, including trading fees, withdrawal fee, deposit fees for fiat currencies, and any other fees. Do ensure that there should not be any kind of third-party or other costs associated with the purchases on the platform to ensure easy processing.
Check if the cryptocurrency exchange regularly updates its list of supported cryptocurrencies to include new and emerging coins with the approval under FSMA. A variety of cryptocurrencies offers multiple benefits to cryptocurrency users in trading and investment for the long term.
Always check the available deposit and withdrawal options including bank transfer, credit cards, debit cards, and local payment options from platforms like PayNow. The transaction speed also matters for deposits and withdrawals to ensure quick access to your funds.
Selecting the right crypto exchange platform in Singapore involves the selection of efficient factors to ensure a secure, efficient, and user-friendly trading platform.
By considering multiple aspects such as crypto regulation, security, other fees, and customer support, you can find the top exchanges that meet your trading needs and helps you navigate the crypto market with confidence.
Yes, crypto exchanges in Singapore are legal and very popular because of the friendly regulations in the country. Some of the top crypto exchanges in Singapore include Binance, Coinbase, and OKX.
Singapore crypto tax is applied following the crypto regulations of the country, as the gains made on cryptocurrency are considered taxable incomes and need to be reported as one when filing for income tax returns. They’re recorded as capital gains tax.
Yes, buying and selling cryptocurrencies is safe in Singapore since they are considered property legally and are backed by the laws and regulations of the country.
Yes, Binance is legal in Singapore and has approval from MAS to operate. The platform holds a Singapore cryptocurrency payment institution license.
Yes, Coinbase is legal in Singapore and has approval from MAS to operate.
No, Bitcoin ATMs are not legal. MAS ordered their closure in 2022. It is recommended to buy Bitcoin on reputable crypto exchanges.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..