Coinbase Singapore review

Buy and sell cryptocurrency at one of the world's biggest beginner-friendly crypto exchanges.

  • Great for first-time crypto buyers
  • Not so great for its fees

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23

Fiat currencies

174

Cryptocurrencies

Details

Product Name Coinbase Digital Currency Exchange
Fiat Currencies USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more
Cryptocurrencies AAVE, BAT, BTC, BCH, BAL, DAI, DASH, EOS, ETH, ETC & 150+ more
Deposit Methods Bank transfer (ACH)
Credit card
Debit card
PayPal
Bank transfer (SEPA)
Trading Fee Fees vary
Deposit Fees Credit/debit card: 3.99%
Bank Transfers (SEPA): None
Faster payments: None
PayPal: 2.5%
Fees vary by location and payment method.
Withdrawal Fees Bank Transfers (SEPA): €0.15
U.S Wire Transfer: $25
Fees vary by location and payment method.
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.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more
  • Supported cryptocurrencies: Approximately 174 cryptocurrencies
*Availability varies by location

Which payment methods are accepted?

  • Bank transfer (ACH)
  • Credit card
  • Debit card
  • PayPal
  • Bank transfer (SEPA)
Go to Coinbase's website

What’s it like to use Coinbase?

Fees and limits

Platform trading fees

You will be charged the higher of either the flat fee or the variable fee for buying and selling.

All fees listed here are in US dollars unless otherwise specified and accurate as of 17 December 2020.

Flat fees

Transaction valueFee
$10 or less$0.99
$10 to $25$1.49
$25 to $50$1.99
$50 to $200$2.99

Variable fees

The variable fees depend on your location, payment method and whether you’re placing a “standard” order or an “instant buy/sell”.

Deposit and withdrawal fees

All deposit and withdrawal fees are included in the platform trading fees.

Transaction fees

Transfer typeFee
Transfers between Coinbase walletsFree
Transfers to an outside crypto walletNetwork fees

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Near-instant to 5 days

  • Bank transfer
    May take up to 5 business days to arrive
  • Card and Coinbase wallet purchases
    Purchases will complete instantly
  • Deposits from wallets
    Within minutes

Withdrawals and transfers

Clock icon for transfer speed

Near-instant to 1-2 days

  • Wallet transfers between Coinbase wallets
    Typically complete immediately
  • Withdrawals and sell orders
    Usually take 1-2 business days to arrive in your bank account
  • Sending outside Coinbase wallets
    Typically a few minutes, depending on the state of the network, the cryptocurrency and the network fees

Is Coinbase safe to use?

  • Regulation. Coinbase holds a wide range of licenses in different countries. However, do note that at the time of writing (December 2021), Coinbase SG is not regulated by the Monetary Authority of Singapore.
  • Verification process. Coinbase requires users to get verified to trade.
  • Security features. Coinbase recommends 2FA to protect accounts and follows (and leads) industry best practices such as keeping the majority of customer funds in cold storage.

Coinbase was founded in 2012 and has never been hacked.

How do I create an account at Coinbase Singapore?

Go to Coinbase's website

What else do I need to know about Coinbase?

Coinbase is one of the world’s best-known cryptocurrency exchanges. It was founded in 2012 and as of December 2021 claimed to have over 70 million users.

It initially began as a way of simply buying, selling and transferring cryptocurrency, but has expanded to offer a wide range of services beyond that. Coinbase recently introduced a Coinbase card, which is available to users in countries like the UK and Australia. The debit card is helpful for spending in crypto worldwide. While the card has yet to be launched locally, users in Singapore can look forward to the launch of a Coinbase card here sometime in the future.

Coinbase Singapore review in a nutshell

Pros

  • Easy. Coinbase is renowned for making the entire buying process simple.
  • Tried and tested. Coinbase has been one of the world’s best-known exchanges for years and has never been hacked.
  • Fiat currencies. Coinbase has one of the largest ranges of fiat currency support of any exchange.
  • Wide service range. Try Coinbase Earn to get some free crypto, and Coinbase Learn to get some free education and more.
  • Customer service. Coinbase is one of few crypto exchanges to offer 24/7 phone support.

Cons

  • Expensive. The fees vary but will typically be higher than what you can find elsewhere.
  • Limited coin selection. Coinbase has a limited range of cryptocurrencies.
  • Availability varies. The platform itself, its crypto offerings and its service availability varies by location
Go to Coinbase's website

Compare Coinbase against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Independent Reserve Exchange
Bank transfer (ACH), Cryptocurrency, Xfers, SWIFT, FAST Transfer
SGD, USD, AUD, NZD

10
cryptocurrencies

First licensed crypto exchanged in Singapore. Instantly deposit SGD via FAST and buy bitcoin today. Established in 2013, Independent Reserve is one of Singapore's most trusted exchanges.
Tokenize Xchange
Bank transfer, Xfers
SGD

65
cryptocurrencies

FINDER EXCLUSIVE: Get 2 TKX when you sign up and deposit a minimum of 500 SGD. T&Cs apply.
Trade 70+ cryptocurrencies with SGD and earn interest by staking coins on this robust platform.
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
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Compare up to 4 providers

Frequently asked questions

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