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Best crypto exchanges in Singapore

Find the best crypto trading platform or app for low fees, beginners, trading features and more.

Each year, we conduct an extensive review of the crypto exchanges and trading platforms available in Singapore. To arrive at these picks, we evaluated more than 20 platforms on user experience, fees, payment methods, selection of coins and more.

When deciding on the best crypto trading platform for your needs, think about what you plan on using it for. It’s quite common to use multiple exchanges to benefit from their different areas of specialty, like using one for its range of coins and another for access to NFTs or crypto savings accounts.

Read more about our “best for” selections below for a helpful head start.

Best crypto exchanges in Singapore for 2022

Our selection is limited to platforms that have been granted either full or in-principal approval for a Monetary Authority of Singapore (MAS) digital payment token (DPT) licence.

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.

Crypto.com – Best crypto trading platform

Crypto.com App

287
Cryptocurrencies
21
Fiat Currencies

With its wide array of features and regulatory thumbs up, it's unsurprising that Crypto.com topped our charts as the best crypto trading platform in Singapore. It's also our top pick for NFTs and earning yield.

Through Crypto.com's intuitive mobile app – designed for both beginners and experienced traders alike – you can easily buy, sell and hold over 200 cryptocurrencies. Advanced trading features including price alerts and limit orders are also available to help you stay on top of the market. Singapore dollar (SGD) deposits and withdrawals are also fee-free and executed instantaneously via the Fast and Secure Transfers (FAST) network.

The platform also offers its native coin, CRO, which can be staked to unlock additional benefits such as discounted trading fees, higher staking rewards and cashback when you make purchases with its free crypto-linked Visa card. Crypto.com App markets interface

  • Earning yield. Holders of its native token CRO can earn higher yield on staked investments.
  • Low fees. Deposits via bank transfer do not incur any fees.
  • Wide range of assets. Crypto.com offers 20+ different fiat currencies for the purchase of 200+ cryptocurrencies.
  • Maximum rewards have high staking requirements. Getting the most out of your Crypto.com or yield account requires CRO staking.
  • Limited access to features. While most features are accessible from Singapore, others such as Crypto.com loans are not.
Deposit Methods Credit card
Cryptocurrency
PayPal
TransferWise
SEPA
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.04-0.20%
Taker: 0.10-0.20%

Coinhako – Highly commended crypto trading platform

Coinhako Crypto Wallet & Kiosk

65
Cryptocurrencies
4
Fiat Currencies

Founded in 2014, Coinhako is one of the most recognised cryptocurrency exchanges in Singapore. It is notable for its easy-to-use interface and good value, which is why it received a highly commended award.

Coinhako's intuitive wallet design and well-defined dashboard allow anyone to get started – even those with no prior experience with crypto. Some of its features include real-time prices, price alerts, daily login rewards, asset filters and marking preferred tokens. Basic educational content is on offer to help newbies gain a better understanding and kickstart their digital wealth journey.

The platform supports more than 50 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana and Dogecoin. Users can purchase these cryptocurrencies directly through common payment options such as your fiat balance (SGD/USD) in your Coinhako wallet, credit or debit cards and even GrabPay. Coinhako Crypto Wallet & Kiosk markets interface

  • Beginner-friendly. Its intuitive app interface and features make it easy for inexperienced users to get started.
  • Rewards. Earn reward points for daily logins and trading activities.
  • High degree of security. Extra layer of security such as 2-factor authentication (2FA) when logging in, plus email verification for withdrawals.
  • Lack of advanced trading features. Not suitable for experienced users as it does not offer setting limit orders and stop loss.
  • Has a limited number of cryptocurrencies. Compared to many of its competitors, Coinhako offers a significantly smaller selection of tokens.
  • Small selection of tokens available for its earn program. Available products changes from time to time and selection is extremely limited.
Deposit Methods Bank transfer (ACH)
Deposit Fees None
Withdrawal Fees Varies
Trading Fees 1%

Luno – Highly commended crypto trading platform

Luno Cryptocurrency Exchange

10
Cryptocurrencies
8
Fiat Currencies

With over 9 million customers in 43 countries, the Luno exchange offers a simple way to get started in crypto investing. It cements its spot as another of our highly commended trading platforms.

Access a range of popular cryptocurrencies with as little as $1 and set up recurring purchases according to your preferred frequency. You can generate an annual percentage yield (APY) on your holdings with Luno's Savings Wallet.

Along with its user-friendly interface and a suite of learning tools, Luno is worth checking out, especially if you're just getting started and prefer an exchange without much of a learning curve. Luno Cryptocurrency Exchange markets interface

  • High trading fees. Luno charges a trading fee of 0.75% for buying and selling cryptocurrency, which is high compared to its competitors.
  • Limited cryptocurrencies. Luno only offers 6 cryptos.
  • May not be suitable for active traders. Luno does not offer margin lending or advanced trading tools.
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
PayID
Deposit Fees Free ($1.30 for amounts below $50)
Withdrawal Fees Free ($1.30 for amounts below $50)
Trading Fees Maker: 0%
Taker: 0.03-0.10%

Independent Reserve – Best for advanced trading

Independent Reserve Exchange

19
Cryptocurrencies
4
Fiat Currencies

Founded in 2013, Sydney-based Independent Reserve is the first crypto exchange to obtain full licensing with the MAS.

The platform supports 4 fiat currencies that users can use to trade popular cryptocurrencies: Australian dollars (AUD), New Zealand dollars (NZD), US dollars (USD) and SGD.

As for features, Independent Reserve is an attractive option for advanced users. There are markets for 19 cryptocurrencies with the option to set your own buy and sell prices. It's also worth spotlighting that high-volume traders can access its over-the-counter (OTC) trading platform and VIP benefits, a service that most crypto exchanges typically don't offer. Independent Reserve Exchange markets interface

  • AutoTrader. Automate your crypto investments with a library of pre-made strategies, such as dollar cost averaging (DCA), Autobuy on Deposit and AutoBasket (for portfolio diversification).
  • OTC trading. High-volume traders can participate in OTC trading and get higher liquidity, lower slippage, same-day settlements and other VIP benefits.
  • World-class security. Over 97% of all crypto assets are held securely in geo-diverse data centres. Premium account holders can also purchase insurance coverage for extra peace of mind.
  • Fees higher than industry average. The lowest trading fees are only available to high-frequency traders through the use of a tiered system.
  • Limited coin offering. It only supports 19 cryptocurrencies and stablecoins.
  • Not the most intuitive user interface. Users with little or no prior experience in crypto trading may face a steeper learning curve with this platform compared to other more beginner-geared exchanges.
Deposit Methods Bank transfer (ACH)
Cryptocurrency
Xfers
SWIFT
FAST Transfer
Deposit Fees Xfers: 0.55%
SWIFT: $15 or free for deposits over $5,000
Withdrawal Fees Fees vary
Trading Fees 0.02-0.5%

Crypto.com – Best exchange for earning yield

Crypto.com App

287
Cryptocurrencies
21
Fiat Currencies

Crypto.com is our pick for the best exchange for earning due to its simple interface and generous return rates.

With Crypto.com's earn program, Singapore users can choose from either flexible or locked staking options and earn a passive income on over 40 cryptocurrencies and stablecoins, including popular options such as Bitcoin, Ethereum and USDC. Earnings are paid directly to your crypto wallet every 7 days.

It's also worth noting that you can unlock significantly increased rates by staking the platform's native token, CRO. Crypto.com also offers an intuitive Earn calculator so you can estimate your potential returns before you get started. Crypto.com App markets interface

  • High yield rates. Crypto.com has one of the highest cryptocurrency earn rates compared to its local competitors.
  • Wide array of digital assets to choose from. You can stake 40+ cryptocurrencies and stablecoins, including BTC, ETH and USDC.
  • Offers both flexible and locked staking. Choose between flexible staking (withdraw anytime) or fixed term staking (1 or 3 months).
  • Requires CRO staking to unlock the highest rates. You'll need to buy and stake CRO to unlock better rates.
  • Iffy customer support. Although Crypto.com offers 24/7 live chat support, sites like Trustpilot report a poor track record of providing slow and low-quality responses.
  • Only offers simple earnings. APY earned is accrued on a daily basis and will not be compounded.
Deposit Methods Credit card
Cryptocurrency
PayPal
TransferWise
SEPA
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.04-0.20%
Taker: 0.10-0.20%

Revolut – Best all-in-one app

Revolut App

60
Cryptocurrencies
27
Fiat Currencies

Singapore users can now securely buy, hold and sell 60 cryptocurrencies on financial superapp Revolut in addition to its digital banking services. Instead of having multiple apps for different types of finances, you can manage them all in one place with Revolut.

To buy cryptocurrencies on Revolut, you can convert from any of the 27 supported fiat currencies or gold (XAU) and silver (XAG) with no foreign exchange fees. Any spare change in fiat can also be rounded up and converted into a cryptocurrency of your choice.

Besides basic wallet and swap functions, Revolut offers a handful of advanced features, including a stop or limit order and 'recurring buy' feature. Revolut App markets interface

  • Convenience. The platform allows you to access all your finances on a single app, be it foreign currencies, payments, cryptocurrencies or other digital banking features.
  • User-friendly interface and experience. The app offers a streamlined, visually appealing interface so you can easily navigate its features.
  • Buy or sell cryptocurrencies within a few taps. Revolut makes it simple for anyone to purchase cryptocurrencies, complemented by features such as 'recurring buy', rounding up spare change and instant swap from a range of fiat currencies.
  • High transaction fees. It applies a 2.5% transaction fee for Standard customers and a 1.5% transaction fee for Premium and Metal customers, which is significantly higher than other crypto platforms.
  • Low transaction limits. Free transactions are limited according to your plan (except Metal plan). An additional 0.5% exchange fee applies when Standard and Premium customers exceed the free transaction limits.
  • Cannot withdraw crypto. All cryptocurrencies purchased via Revolut are 'pooled' in a virtual account. This means you cannot deposit or withdraw cryptocurrencies to an external wallet.
Deposit Methods Bank transfer
Credit card
Deposit Fees $0
Withdrawal Fees $0
Trading Fees 1.5% (Premium or Metal plans) or 2.5% (Standard or Plus plans) plus spread

Crypto.com – Best exchange for NFTs

Crypto.com App

287
Cryptocurrencies
21
Fiat Currencies

Crypto.com was our pick for the best NFT exchange because it makes buying NFTs simple. You can connect your existing Crypto.com account via the web browser or through the mobile app.

Once connected, you can start trading NFTs right away. You can browse popular collections and upcoming drops and even read about the content creator and their inspiration behind the piece. You can also register as a creator and mint your own NFTs directly to the Crypto.com native blockchain, Cronos.

All NFTs on Crypto.com are verified. This means that scams and fake NFTs are a lot less common than on other platforms. Crypto.com features digital collections from large and reputable brands including Aston Martin and Paris Saint-Germain.

Depending on the listing type, you can submit a bid at auction or purchase NFTs at a fixed sale price. Email subscription is also supported – you can opt to receive a notification anytime there's an upcoming drop. Crypto.com App markets interface

  • Verified artists and collections
  • NFTs minted on the Crypto.com native blockchain
  • Purchase via crypto or fiat
  • Connect to Crypto.com DeFi wallet
  • Mobile and web browser compatible
  • Does not support all blockchains
    Less range than competitor NFT platforms
  • Payouts must be requested and approved before receiving sale funds to your Crypto.com wallet
Deposit Methods Credit card
Cryptocurrency
PayPal
TransferWise
SEPA
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.04-0.20%
Taker: 0.10-0.20%

DBS Digital Exchange – Best for accredited and institutional investors

DBS Digital Exchange

DBS Digital Exchange

4
Cryptocurrencies
1
Fiat Currency

Backed by leading Asian financial services group DBS Bank, DBS Digital Exchange (DDEx) offers trading services for various digital assets. These include security tokens and cryptocurrencies such as BTC, ETH, Bitcoin Cash (BCH) and Ripple (XRP).

With DDEx, participants can tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. However, DDEx only accepts financial institutions, corporate accredited investors and professional market makers as members at the moment.

Individual investors may also access the exchange via a member, for instance DBS Private Bank. DBS Digital Exchange markets interface

  • Institutional experience. DDEx is backed by DBS Bank, which has decades of experience in capital markets and providing secure custodial services.
  • Security token platform. Provides access to new avenues of fundraising through offerings of security tokens and secondary trading of digital assets.
  • Not available to retail clients. Individual investors cannot sign up and access DDEx's services directly.
  • Limited selection of tokens. DDEx only supports 4 popular coins: BTC, ETH, BCH and XRP.
Deposit Methods N/A
Deposit Fees N/A
Withdrawal Fees N/A
Trading Fees N/A

How to choose the best crypto exchange

It’s important to research a wide range of platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you’re looking for.

Consider the following factors when comparing crypto exchanges.

Compare more crypto exchanges in Singapore

1 - 5 of 19
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Independent Reserve Exchange
Bank transfer (ACH), Cryptocurrency, Xfers, SWIFT, FAST Transfer
SGD, USD, AUD, NZD

19
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

89
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.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

195
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

660
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

320
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
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How to use a cryptocurrency exchange

For example, let’s assume that you have S$500 that you want to use to buy Bitcoin.

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform, including providing any personal details and proof of ID required.
  3. Navigate your way to the “Buy” screen.
  4. Select Bitcoin as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is SGD. Specify the amount you want to spend as $500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. Enter your payment details, such as your account number (if sending a bank transfer) or your card number and CVV (if paying by credit card).
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you’re happy to proceed, click “Buy BTC”.
  10. Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address nominated by you.

How to pay for your cryptocurrency

You’ll need to deposit funds on your cryptocurrency exchange, or otherwise make a transfer. Crypto exchanges accept all sorts of deposit methods, including the following:

  • Digital payments platforms such as Xfers
  • PayPal, Neteller, Skrill and other online payment services
  • Cryptocurrency transfers

The payment types accepted will vary between exchanges though. Make sure your preferred payment method is supported before signing up.

The different types of cryptocurrency exchanges

The term “exchange” can be used to refer to a variety of cryptocurrency brokers, trading platforms and other services. Different types of exchange are often more geared towards beginners or experienced users.

  • For beginners – cryptocurrency brokers. Buy directly from cryptocurrency dealers for simple, quick and easy purchases. Many beginners use brokers for their first purchase. eToro is an example of a cryptocurrency broker.
  • For intermediates – cryptocurrency trading platforms. Buy and sell cryptocurrency on an open market for competitive fees, a wide selection of cryptocurrencies and optional extra features like margin trading. While a bit trickier than brokers, these platforms can still be beginner-friendly. Crypto.com is an example of a cryptocurrency trading platform.
  • For advanced users – cryptocurrency derivatives platform. These trading platforms don’t sell cryptocurrency outright. Instead, they let you trade cryptocurrency derivatives. They’re for advanced traders who want high-speed, high-leverage, deeply liquid platforms with a full range of features.

Is it safe to store your cryptocurrency on an exchange?

Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet that lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired. Others will require you to have your own wallet at the time of purchase.

However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don’t have total control of your funds. And with exchanges regularly (and sometimes successfully) targeted by hackers, storing crypto on an exchange long-term is risky.

Learn more about cryptocurrency wallets

Next steps

Not all crypto exchanges are created equal, and not all crypto buyers and sellers have the same trading needs. The best exchange for one person might not necessarily be the right choice for someone else, so it’s essential that you do your own research.

Check out our reviews on a range of leading cryptocurrency exchanges in Singapore and around the world. Compare the features, fees and pros and cons of each crypto exchange and consider how they align with your investment goals and budget.

FAQs

Which app is best to buy crypto in Singapore?

Trading and managing your crypto investments on the go is a must for many users, which is why all the platforms we've listed above provide mobile apps for their users.

Among them, Crypto.com and Coinhako are 2 of the most popular picks among users in Singapore. Crypto.com's mobile app may be less beginner-friendly only due to the sheer number of features it offers, but its intuitive design helps balance out the experience. Although Coinhako has a lot fewer features, it's among the simplest to navigate and get started.

While each of these apps comes with varying levels of intuitiveness and features, the best mobile app for trading cryptocurrencies will ultimately come down to your needs, trading style and personal preference.

Which crypto exchange has the cheapest fees?

There are lots of fees to take into account when choosing an exchange. Transaction fees are the most transparent, but it's "spreads" where costs can really add up. Crypto.com and Coinhako are known for having some of the tightest spreads of any exchanges in Singapore.

It's also important to consider deposit and withdrawal fees. A good place to start is by researching and comparing fees across a number of platforms.

What is the most trusted crypto exchange?

Due diligence and research are important when choosing a crypto exchange you can trust. As a rule of thumb, look for platforms that are registered with Singapore's industry regulator, the MAS.

Dive deeper by reading our extended reviews of each crypto exchange and researching customer feedback on platforms like Trustpilot.

Why do some crypto exchanges ask me to verify my identity?

Exchanges in Singapore and several other countries are subject to anti-money laundering and countering the financing of terrorism (AML/CFT) regulations. To comply with these regulations, exchange operators must gather certain details about their customers. This is why you may be asked to provide proof of identification. This process is referred to as "know your customer" or KYC.

A–Z list of crypto exchange reviews

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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