Binance Singapore cryptocurrency exchange – July 2020 review

Last updated:  

Buy BTC, ETH, BNB, LTC, BCH and XRP with Singapore dollars with one of the world’s most popular exchanges.

  • Great for its competitive rates
  • Not so great if you are looking for an exchange with a wide range of coins

1

Fiat currencies

6

Cryptocurrencies

Details

Product Name Binance Singapore Cryptocurrency Exchange
Fiat Currencies SGD
Cryptocurrencies BTC, ETH, BNB, LTC, BCH, XRP
Deposit Methods Bank transfer
Cryptocurrency
Trading Fee 0.8%
Deposit Fees None
Withdrawal Fees Binance cash wallet to Xfers: None
Cryptocurrency: Fees vary

Pros

  • Safe storage technology
  • Easy-to-use interface
  • 24/7 online customer support

Cons

  • Can only send several cryptocurrencies
  • Only supports SGD
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about:

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: SGD
  • Supported cryptocurrencies: 6 cryptocurrencies
  • BTC
  • ETH
  • XRP
  • BCH
  • LTC
  • BNB

Which payment methods are accepted?

  • Bank transfer
  • Cryptocurrency
Go to Binance Singapore's website

What’s it like to use Binance Singapore

Fees and limits

Platform trading fees

Platform fee typeFee
Buy from Xfers account0.6%
Instant Buy0.6%
Buy from Binance account0.6%
Sell to Binance account0.6%
Deposit and withdrawal fees
Transfer typeFee
DepositNone
Withdrawal to XfersFree
BTC withdrawal0.0005 BTC
ETH withdrawal0.01 ETH
BNB withdrawal0.1 BNB

How fast will my funds be available?

Fiat transfers

Clock icon for transfer speed

Instant

Fiat transfers to and from your Xfers account will typically be almost instant.

Crypto transfers

Clock icon for transfer speed

Few minutes

Cryptocurrency transfers will vary depending on the crypto, confirmations required and fee paid. It will typically take a few minutes.

Is CoinSpot safe to use?

  • Regulation. Binance Singapore is registered in Singapore, but according to its terms and conditions may not be regulated as a financial institution in your jurisdiction.
  • Verification process. Binance Singapore is only for Singapore citizens or permanent residents, or people residing in Singapore. Identity verification is required prior to trading.
  • Security features. Binance Singapore is a branch of the popular Binance cryptocurrency exchange, which is known for its industry leading security. Binance has been hacked once, but compensated users for any lost funds.

How do I create an account at Binance Singapore

Go to Binance Singapore's website
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What else do I need to know about Binance Singapore?

Binance is the world’s largest cryptocurrency exchange by both average volume and active userbase, but the main Binance exchange is a crypto-to-crypto exchange only.

To facilitate fiat transfers, it’s opening fiat bridges around the world. Binance Singapore is it’s bridge in Singapore.


In a nutshell

Pros

  • Competitive rates. No undue deposit or withdrawal fees, and a 0.6% fee on trades.
  • Convenient. Simply link your Xfers account and you can buy and sell.
  • BNB available. Binance Singapore is one of very few places to buy and sell BNB for fiat.

Cons

  • BTC, ETH, BNB, LTC, BCH and XRP only. You’ll have to use a different exchange for trading other coins.
  • No active trading. Binance Singapore is primarily a fiat bridge. It doesn’t offer advanced features or active trading.
Go to Binance Singapore's website
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Compare Binance Singapore against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Cryptocurrency
USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 23+ more

182
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Crypto.com App
Bank transfer (ACH)
PayPal
Bank transfer (SEPA)
SWIFT
Xfers
Credit or Debit Card
TransferWise

AUD, EUR, SGD, HKD, GBP, JPY

64
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
Wire transfer
GBP, EUR

96
cryptocurrencies

BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
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Frequently asked questions

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