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OSL Review

Access high liquidity digital assets with this institutional trading platform.

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.

What is OSL?

Backed by BC Technology Group, OSL is Asia’s largest digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors. Its services include OTC, iRFQ and electronic trading services, offering traders unparalleled access to deep liquidity pools, fast transaction settlement and advanced wallet security.

OSL is currently operating in Singapore, Hong Kong and Americas.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: SGD, USD, AUD, HKD, EUR
  • Supported cryptocurrencies: Approximately 19 cryptocurrencies

Which payment methods are accepted?

  • Bank Wire
  • Signet transfer

What’s it like to use OSL?

Fees and limits

All transactions made on OSL will incur a fee:

  • Maker orders. There’ll be a 0.25% trading fee when you place an order that is adding liquidity to the order book. This means that your sell order is higher in price than the highest buy order
  • Taker orders. There’ll be a 0.35% trading fee when you place an order that’s executed instantly by a response order in the order book.

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Varies

Fiat deposit times typically take around 2 to 3 business days, depending on the currency and bank procedures.

Cryptocurrency deposits can take a few minutes, depending on the cryptocurrency.

Withdrawals

Clock icon for transfer speed

Varies

Fiat currency withdrawal typically takes 2 to 3 business days, depending on the currency and bank procedures.

Cryptocurrency withdrawals can take a few minutes, depending on the cryptocurrency.

Is OSL safe to use?

  • Regulation. OSL operates as an exempt entity from the Monetary Authority of Singapore (MAS) under the Payment Services Act (Exemption for Specified Period).
  • Asset protection. Clients’ digital assets are stored in both hot wallet and cold storage. Only a fraction of digital assets required for operational purposes is maintained in an online (hot) wallet. The vast majority of digital assets are held offline in cold storage.
  • Security features. OSL recommends two-factor authentication (2FA) as a second layer of account security.

    How do I create an account at OSL?

    To create an account, simply visit the OSL website and click on the ‘Register’ button. Be sure to check that you’ve met all requirements and have the required documents on hand before getting started.

    Upon submission of the documents, OSL’s client onboarding team will take approximately 1 business day to complete your account application.

    Required documents

    • Valid passport
    • A selfie holding onto your passport
    • Proof of residential address issued within the last 3 months (e.g. bank statement and utility bill)

    Step by step account creation guide

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    What else do I need to know about OSL?

    In 2020, OSL signed as a technology client for DBS Bank’s digital asset platform. In June 2021, OSL’s parent company, BC Technology Group (stock code: HK 863) also raised approximately HK$543.2 million ($70 million) from Singapore’s sovereign wealth fund GIC through a private placement.

    In a nutshell

    Pros

    • Deep liquidity pool. OSL’s exchange aggregates global liquidity from its professional pool of counterparties across markets for a variety of tokens, including BTC, ETH, USDT, LTC and BCH.
    • Institutional-grade standards. In addition to its industry-leading AML and KYC processes, OSL also provides one-click trading through a user-friendly interface and supports both FIX and REST API connectivity that allows easy integration and customisation.

    Cons

    • Limited cryptocurrency selection. OSL offers a smaller selection of cryptocurrencies compared to other major exchanges.
    • Not available to retail customers. OSL’s products and services are only available for institutional clients and accredited investors.

    Ready to sign up?

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    Compare OSL 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
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    Trade 70+ cryptocurrencies with SGD and earn interest by staking coins on this robust platform.
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    USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

    156
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    Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
    KuCoin Cryptocurrency Exchange
    Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
    USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

    599
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    OKX Cryptocurrency Exchange
    Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
    USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

    310
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    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.
    Okcoin Cryptocurrency Exchange
    Okcoin Cryptocurrency Exchange
    Bank transfer (ACH), Epay, Credit or Debit Card, SEPA, Prime X
    USD, EUR, SGD

    70
    cryptocurrencies

    Get $50 worth of BTC when you buy $3000 or more in crypto.
    Buy, sell and earn cryptocurrency with this user-friendly exchange and smartphone app.
    Kriptomat Cryptocurrency Exchange
    Credit card, Neteller, Skrill
    EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

    332
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    Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
    AAX Cryptocurrency Exchange
    AAX Cryptocurrency Exchange
    Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme, SWIFT
    AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

    110
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    Get 50 USDT when you sign up through Finder, make USD 10k+ trades and deposit USD 500 worth of crypto. T&Cs apply.
    Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.
    Wirex Cryptocurrency Exchange
    Wirex Cryptocurrency Exchange
    Credit card, Cryptocurrency, Debit card, PayPal
    USD, SGD, AUD, NZD, JPY, HKD, EUR, GBP & 3+ more

    9
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    Get a Welcome Bonus of USD 15 in WXT when you sign up with Wirex through Finder. T&Cs apply.
    Spend a range of cryptocurrencies anywhere Visa is accepted with the Wirex Crypto Card and earn rewards.
    Bittrex Global
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    USD, EUR

    295
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    Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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    Frequently asked questions

    Limited to accredited investors only

    OSL’s products and services are only available to Singapore residents who qualify as an accredited investor (AI) based on the requirements set out by the Monetary Authority of Singapore.

    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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