Best cryptocurrency exchanges in Singapore [50+ compared] | Finder SG

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Best cryptocurrency exchanges

Find the best cryptocurrency exchange for beginners, low fees and more.

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Binance Cryptocurrency Exchange

Binance Cryptocurrency Exchange logo
  • Buy crypto with SGD
  • Huge range of supported cryptos
  • Advanced trading features available
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You can use a cryptocurrency exchange to buy, sell and trade cryptocurrencies such as Bitcoin (BTC) and Ether (ETH). We’ve compared some popular Bitcoin exchanges by different categories to make it easier to find the best for you.

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.

Compare cryptocurrency exchanges available in Singapore

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

67
cryptocurrencies

Finder Exclusive: Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, 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.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

304
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.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

40
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, SWIFT, Wire transfer, Osko, SEPA
USD, EUR, GBP, JPY, CAD, CHF, AUD

56
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

9
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Luno Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA
AUD, EUR, GBP, IDR, MYR, NGN, ZAR, SGD, UGX, ZMW

5
cryptocurrencies

A cryptocurrency exchange where you can buy BTC, ETH, BCH & XRP through bank transfer, credit card and more.
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What is a cryptocurrency exchange?

A cryptocurrency exchange is an online platform where you can buy, sell and trade cryptocurrencies.

Some exchanges allow you to trade through fiat currencies, such as Singapore or US dollars, while others allow you to buy cryptos using another digital currency like bitcoin (BTC) or Ether (ETH).

There are exchanges designed to suit novice traders or those new to the world of cryptocurrency, as well as platforms designed for institutions and full-time traders.

Because not every exchange supports every available digital coin and token, you may need to use multiple crypto trading platforms to buy and sell the currencies you want.

The different types of cryptocurrency exchange

The term “exchange” can be used to refer to a variety of crypto trading platforms:

Centralised vs decentralised exchanges

If you’re researching peer-to-peer exchanges, you’ll also come across the concept of decentralised crypto exchanges. Many (but not all) peer-to-peer exchanges can also be as decentralised.

Decentralised exchanges (DEXs) are hosted on a network of distributed nodes and allow you to trade cryptocurrency directly with other users. The absence of centralisation means there’s no single point of failure for hackers to target, and server downtime is no longer an issue.

And because trades are executed using smart contracts, you can trade straight from your wallet. This ensures that you don’t have to transfer any of your coins and tokens onto an exchange, allowing you to retain control of your cryptocurrency at all times.

Find out more in our comprehensive guide to DEXs.

How to choose a cryptocurrency exchange

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

Consider the following factors when comparing crypto exchanges.

How to use a cryptocurrency exchange

For the sake of our example, let’s assume that you have SGD$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, and 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.

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How to pay for your cryptocurrency

You’ll need to deposit funds on your cryptocurrency exchange. Bitcoin exchanges accept all sorts of deposit methods, including the following:

  • Bank transfers
  • Credit and debit cards
  • Prepaid cards
  • PayPal, Neteller, Skrill and other online payment services
  • Cash deposits
  • Cryptocurrency transfers

However, not all exchanges accept all payment options. To make things more complicated, some exchanges might accept one payment method for withdrawals, but not for deposits.

Processing times, fees and limits can all vary depending on the payment method you choose, so read the fine print to learn the ins and outs of each payment option. For example, while credit card deposits might be processed quickly, they usually attract high fees. Meanwhile, bank transfer deposits may not attract any fees, but they can take 1-2 business days to process.

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Cryptocurrency exchange fees

Before you buy or sell cryptocurrency on any exchange, you’ll need to be fully aware of any fees that apply. Fees vary between platforms and may include:

  • Deposit fees. Many exchanges don’t charge any fees when you deposit funds into your account, but some do. These fees can vary depending on the payment method you choose and the currency you transfer.
  • Trading fees. Trading fees are typically calculated as a fixed percentage of each transaction amount. Some exchanges charge a flat fee for all transactions, but other platforms offer different fees for market makers (who add liquidity to the market by placing limit orders) and market takers (who place market orders that are executed immediately, thereby removing liquidity from the market).
  • Withdrawal fees. When you want to withdraw funds from your exchange wallet, you’ll need to be aware of the fees associated with your transfer. Crypto withdrawals attract a flat fee, for example 0.001 ETH, while fiat currency withdrawals could attract either a flat fee or occasionally a percentage-based fee. Once again, these fees vary based on the currency being transferred and, if you’re withdrawing in fiat currency, the payment method selected.

For more on cryptocurrency exchange fees, check out our in-depth guide.

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. Examples of cryptocurrency brokers include Binance and eToro.
  • 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 quite beginner-friendly. Binance 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, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired, while 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 very risky.

Learn more about cryptocurrency wallets

How to avoid a crypto exchange scam

While regulators are gradually implementing laws and guidelines to help protect consumers against fraud, there are still plenty of dodgy exchange operators out there. Falling victim to theft is a major concern for any crypto buyer, so what can you do to protect yourself against scam crypto exchanges?

There are several simple steps you can take:

  • Check whether the exchange is registered with MAS. Cryptocurrency exchange operators in Singapore must be registered with the Monetary Authority of Singapore and comply with AML/CTF reporting obligations.
  • Is it regulated? If you’re considering an overseas exchange, find out where exactly it is headquartered and the regulatory requirements (if any) for digital currency exchanges in that particular country. Does the exchange comply with all relevant laws?
  • Do your research. Don’t get sucked in by marketing gimmicks or the promise of a deal that sounds too good to be true. Take your time to research a platform’s credentials before opening an account and especially before depositing any funds.
  • Recognise the warning signs. Make sure you recognise the red flags that could indicate an exchange is not entirely above board. For example, if there’s no information about the company behind the exchange or where it is headquartered, proceed with caution. Similarly, if other users report lengthy withdrawal delays or claim the exchange has engaged in any other questionable activities, you may be better off steering clear of that particular platform.
  • Check the address. One final tip: whenever you visit an exchange website, check that its address begins with “https” rather than just “http”. This means that all communications between your browser and the exchange are secure and encrypted.
  • Only use established exchanges. Let other people take the risk of trading on new and untested exchanges. You’ll sleep a lot better at night if you know you’re dealing with an established platform with a good reputation.

For more info on how to stay safe when buying and selling cryptocurrency, check out our guide to bitcoin scams.

Next steps: How to get started

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 Bitcoin exchange and consider how they align with your trading requirements.

This will help you find the best crypto exchange for your needs.

Best cryptocurrency exchanges list

The best Bitcoin exchanges

The best Bitcoin exchange is cheap, easy and fast, with a wide range of payment options. It doesn’t need to have a wide selection or any advanced trading features. It’s for people who just want to buy Bitcoin. Generally, the most important factor is whether you’re using a local exchange, as this typically means you can pay with the local currency, and enjoy faster, cheaper transactions.

By this measure, the best Bitcoin exchanges in Singapore might be Binance and Coinhako. Both exchanges offer simple brokerage service, competitive rates and fees, as well a wide selection of cryptocurrencies. Their flexibility and Bitcoin-related features also go above and beyond, setting them apart from other Bitcoin exchanges.

The best altcoin exchanges

The best altcoin exchange has a wide selection first and foremost, ideally with good liquidity across all pairs. Low fees, extra features, fiat payment options and other extras are nice, but sheer selection is more important.

There are two altcoin exchanges that may be considered to be the best, and between them, you can find hundreds upon hundreds of different coins.

The first is CoinSwitch. It’s actually an aggregator that lets you trade across several different partner exchanges at once. Between those partners, CoinSwitch lets you access about 400 different cryptocurrencies all in one place, with trading fees usually ranging from 0% to 0.5%, although there may be other costs in the spread. If you’re looking for a wide selection and low fees, CoinSwitch could be a good place to start.

KuCoin could be a good place to look second. It offers several hundred cryptocurrencies by itself, and it’s not one of CoinSwitch’s partners, which means you can find things on KuCoin that you won’t find on CoinSwitch. KuCoin’s trading fees are 0.1%, and as a proper exchange, it has some features that CoinSwitch doesn’t, such as margin trading.

The cheapest cryptocurrency exchanges

The cheapest cryptocurrency exchange isn’t always the one with the lowest trading fees. It’s also important to look for good spreads, to get good exchange rates and to make sure the deposit or withdrawal fees are reasonable.

The cheapest exchange may depend on whether you’re looking for a place to buy cryptocurrency, or if you want to trade cryptocurrencies instead. It can also depend on whether you’re buying Bitcoin, or a more obscure altcoin.

If you want to actively trade cryptocurrencies for each other, or purchase Bitcoin with SGD, Binance could be the cheapest choice. Its trading fees start at 0.1%, with easy avenues to additional discounts. It also offers zero fee deposit and withdrawal options via Xfers, good rates and low fees. Simply by paying fees with BNB, it’s possible to get an easy 25% discount on trading fees. Importantly, it’s also one of the world’s most liquid cryptocurrency exchanges, which can be key to saving money by avoiding slippage.

The largest cryptocurrency exchanges

There are different ways of measuring “largest”, but the most common is trading volume. More volume is good because it can indicate more popular, responsive and liquid exchanges. Unfortunately, you can’t just take the exchange’s word for it or trust exchange volume rankings from sites like CoinMarketCap. Fake volume and wash trading are common in cryptocurrency.

There are some exchanges which, after heavy scrutiny, are believed to show entirely genuine volume though.

The world’s highest real-volume exchange is consistently Binance, according to reports from the Blockchain Transparency Institute, Bitwise and others.

If someone wants to find a reliable and all-around good cryptocurrency exchange without spending too much time sifting through the options, it can be helpful to beeline right for the most popular.

Popularity can be tricky to measure though, and many exchanges don’t disclose their total number of user accounts, and this figure will often be very different to the number of active users.

However, according to Similarweb, the most-visited cryptocurrency exchange website in the world between November 2019 and January 2020 was Coinbase, with over 57 million website visits worldwide. The second most-visited cryptocurrency exchange was Binance, with 53 million visits.

This echoes findings from the Blockchain Transparency Institute, which reported in December 2018 that Coinbase was the world’s most popular cryptocurrency exchange.

The best cryptocurrency trading platforms

The best cryptocurrency trading platforms are very liquid, very fast and offer a full range of features such as margin trading with up to 100x leverage, cryptocurrency derivatives such as futures and options, and good integration with third-party trading tools such as cryptocurrency trading bots. Ideally, they will also be well-regulated, popular and have a good reputation.

There are no exchanges which fit all of the above criteria, so the best cryptocurrency trading platform for you may depend on which of these criteria is most important to you. There are a number of options to consider.

Binance offers the highest leverage of any exchange (125x) and a wide selection of crypto derivatives, but it’s been known to experience technical issues.

Kraken only offers up to 5x leverage on a comparatively small range of coins, but it’s got a good reputation and offers both futures and options contracts. eToro allows trading of a wide range of assets beyond cryptocurrency, and has unique features such as Copy Trade, but it’s primarily a CFD platform which means you’re only betting on the prices rather than actually taking possession of the underlying cryptocurrency.

Cryptocurrency exchanges that don’t require ID

As a general rule of thumb, crypto-to-crypto trading doesn’t always require user verification, and people can do it without ID. Exchanging fiat currency for cryptocurrency typically does require ID.

Many of the exceptions to the rule are peer-to-peer exchanges, such as Paxful, where users can arrange fiat-to-crypto trades directly with each other that don’t always require ID.

However, there are often strict purchase limits and other downsides when using exchanges that don’t require ID.

Read the full guide to buying cryptocurrency with no ID for more information and a list of exchanges that don’t require ID.

Cryptocurrency exchanges that let you pay with cash

Bitcoin ATMs and few exchanges allow you to pay for cryptocurrency with cash.

You can check the map of Bitcoin ATM locations in Singapore to see if there’s a Bitcoin ATM near you. Alternatively, peer-to-peer cryptocurrency exchanges such as Paxful connects traders with sellers who are willing to accept cash.

The safest cryptocurrency exchange

Most exchanges will claim to be perfectly safe and secure right up until they get hacked, so you can’t just take their word for it. Instead, you can find the safest exchanges by looking at their security history, their security policies and any additional measures they take to protect their exchanges.

Internationally, the safest cryptocurrency exchange might be Gemini. It was founded in 2014, it’s never been hacked, it was one of the world’s first exchanges to get ISO27001 certified and it’s also created its own captive insurance company specifically to ensure coverage for digital assets.

As safe as Gemini is, non-custodial or decentralised cryptocurrency exchanges are arguably even safer. Non-custodial exchanges send funds directly to your personal wallet when you make a purchase, while decentralised exchanges allow direct peer-to-peer cryptocurrency swaps. These exchanges put you in personal control of your security.

In the case of Gemini, the exchange also don’t hold user funds. This means there’s no risk of losing your money to an exchange hack.

If you have a secure hardware wallet and know how to use it, non-custodial exchanges are arguably as safe as cryptocurrency exchanges can ever get. Decentralised exchanges are theoretically just as safe, but they’re also more experimental so bugs and unforeseen vulnerabilities may pose problems.

The best non-custodial cryptocurrency exchange

Non-custodial cryptocurrency exchanges send your cryptocurrency directly to your personal wallet after you make a purchase. This can be convenient, and it’s also perceived to be safer than entrusting funds to centralised exchanges.

The best non-custodial exchanges are characterised by variety, a wide range of payment options and fast delivery.

Coinmama is a well-known non-custodial exchange. It doesn’t hold your funds or cryptocurrency. Instead, it simply takes payment and then sends cryptocurrency directly to your wallet address as soon as payment is received and your wallet address is confirmed.

The best decentralised cryptocurrency exchange

All decentralised exchanges (DEXs) struggle to a certain extent with liquidity problems, complex user interfaces and slow trading, and you can expect to find combinations of these issues on any DEX.

No decentralised exchanges are without problems, and the best might depend on which ecosystem you’re trying to access.

The Waves platform is a relatively well-known general-purpose DEX, while more Ethereum-specific DEX protocols include 0x and Kyber Network. Elsewhere, DEXs such as Stellarport offer access to the Stellar Lumens ecosystem, while the Binance DEX serves as a token swap system in the Binance Chain ecosystem.

FAQs


A-Z of cryptocurrency exchanges

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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