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Binance Singapore cryptocurrency exchange – October 2021 review

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

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Fiat currencies




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

Which payment methods are accepted?

  • Bank transfer
  • Cryptocurrency

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
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


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

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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


  • 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.


  • 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.
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Compare Binance Singapore against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Zipmex Cryptocurrency Exchange
Bank transfer, Cryptocurrency


Finder exclusive: Sign up with code FINDER and complete KYC within 7 days for a SGD 15 reward. Valid till 31 October 2021. T&Cs apply.
Buy and sell 20+ cryptocurrencies and earn interest on your holdings with this Singapore-based exchange.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA


Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme


Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.

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Frequently asked questions

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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