Fiat transfers to and from your Xfers account will typically be almost instant.
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 the Binance Singapore website, then the yellow “Register” button on the top of the screen.
You will be taken to a screen where you are prompted to enter your email address and choose a password.
You will receive an email. Access the email to confirm your email address to Binance. You can then login and set up two factor authentication and other settings.
Link your Xfers account to Binance by entering your details.
You can now either purchase directly from Xfers, or make a deposit to the Binance account to purchase crypto.
You can also deposit cryptocurrency to sell, and receive back your linked Xfers account.
Binance Singapore is only for citizens or permanent residents of Singapore, and people residing in Singapore.
No, but the website is mobile-friendly and the international crypto-to-crypto Binance exchange offers and app.
The verification process for Binance Singapore involves providing some personal information and identification details, which will then be verified against other records to prove one’s identity.
Binance Singapore offers a help section where you can access the FAQs and make support requests. Binance Singapore says it processes over 95% of support requests within 24 hours.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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