Looking for the best crypto exchange in Singapore? You’re not alone. With digital assets booming, more Singaporean traders are exploring secure platforms that offer low cryptocurrency trading fees, user-friendly interfaces, and broad cryptocurrency selections. This means it’s more important than ever to know your way around the leading crypto exchanges in Singapore.

In this guide, we’re going to walk you through everything you need to know about the top exchange options in the crypto space. You’ll be able to compare their features, fees, and more. From the beginner to the advanced trader, we’ve got the insights to help you make the right choice for your gains. Let’s dig in.

List of Best Crypto Exchanges in Singapore

• Binance: Best for Global Trading Volume

• Coinhako: Top for Easy SGD Transactions

• Gemini: Best for Security and Compliance

• Coinbase: Top Choice for Beginners

• Crypto.com: Best for Rewards and Ecosystem

• Independent Reserve: Top for Local Support

Top Singapore Crypto Exchanges – Detailed Review

1. Binance

Launched in 2017, Binance has grown into a colossal force in the crypto world. Its sprawling selection of digital assets and high liquidity draw in everyone from casual dabblers to seasoned investors.

Binance is among the largest cryptocurrency exchanges worldwide, offering a reliable platform with extensive trading pairs and high trading volume. Singaporean users can buy crypto using SGD through a variety of convenient payment methods, including bank transfers.

While regulatory challenges occasionally surface, it remains a global favorite for competitive fees and advanced trading capabilities. Many trust Binance for its proactive approach to security, robust mobile app, and frequent feature updates that cater to both beginners and experts.

Maker/Taker Fees

Binance operates on a tiered fee structure based on trading volume and BNB holdings, with maker/taker trading fees now starting around 0.1%. These can be reduced further through various incentives, making it one of the best crypto exchanges for those wanting lower trading fees and quick order executions. Overall, Binance remains a top choice for anyone wanting a reliable platform to trade cryptocurrencies at scale.

Pros

• Massive Global Liquidity: High trading volume and numerous active users
• Wide Crypto Selection : Offers hundreds of digital assets and trading pairs
• Advanced Tools: Margin, futures, and in-depth charting for experienced traders
• Robust Security Measures: Two-factor authentication and strong encryption
• User-Friendly & Pro Interfaces: Ideal for both newcomers and seasoned pros

Cons

• Regulatory Challenge: Some regions have limited access or features
• Steep Learning Curve: Extensive features can be overwhelming for first-timers

2. Coinhako

Coinhako was founded in 2014 with a distinct mission: to make buying crypto simple for Singapore-based users. Local traders appreciate its easy-to-use interface and direct SGD support, which streamlines everything from deposits to withdrawals.

Although it doesn’t pack as many advanced features as international giants, its straightforward approach and focus on user experience keep it in high regard. Over time, Coinhako has added more coins, enhanced security layers, and introduced new in-app features, ensuring it remains a trusted option for those seeking simplicity without compromising on reliability.

Coinhako may not be a household name in the US, but in Singapore, it provides one of the most seamless trading experiences packaged in a straightforward interface. This makes it wildly popular with Singaporean traders. It supports SGD deposits through local bank transfers and even card payments. With a focus on user-friendly design and a competitive fee structure, Coinhako offers a strong starting point for beginners exploring digital assets.

Maker/Taker Fees

Coinhako typically charges a straightforward fee for instant buy or sell orders, which can be around 1%. Those who prefer a deeper order book can explore its trading platform to take advantage of slightly better rates. Overall, Coinhako’s emphasis on regulatory compliance and user-friendly design makes it a top choice for beginners who want to start trading without the complexity found on other cryptocurrency exchanges here in Singapore.

Pros

• Singapore-Focused Platform: Convenient SGD support and local bank transfer options
• Beginner-Friendly Interface: A straightforward dashboard simplifies the buying process
• Transparent Fees: A clear breakdown helps you see the exact costs
• Quick Card Purchases: Handy for those who want instant crypto acquisitions
• Dependable Local Reputation: A well-known exchange built for Singaporean users

Cons

• Limited Advanced Features: Fewer charting or pro-level trading tools
• Potential Higher Card Fees: Credit or debit transactions can be more expensive
• Restricted Altcoin Range : Less extensive selection compared to global competitors
• Slower Support at Peak Times: Response times may vary during high-traffic periods

3. Gemini

For anyone concerned about legalities and staying on the right side of Singaporean crypto regulations, Gemini made its name for always operating under strict regulatory compliance. Over the years, this has made it one of the most secure platforms for storing and trading cryptocurrency assets. It offers insurance coverage for digital assets, a user-friendly trading platform, and a robust two-factor authentication system.

Built on the principles of trust and security, Gemini was introduced by Tyler and Cameron Winklevoss in 2015. Its priority on robust regulatory compliance and insurance coverage helps ease concerns about storing and trading digital assets. Whether you’re new to crypto or a more serious trader, Gemini’s layered offerings—from a basic dashboard to an advanced ActiveTrader platform—provide a dependable space to grow your portfolio.

Singaporean users can deposit funds and trade cryptocurrencies in SGD, ensuring a smooth experience. Its security measures also appeal to experienced traders seeking peace of mind.

Maker/Taker Fees

Maker and taker fees on Gemini vary between 0.20% and 0.40%, depending on account type. These fees can be reduced with higher trading volume on the ActiveTrader tier. Overall, Gemini stands out among the best crypto exchanges for individuals prioritizing safety, robust security measures, and regulatory safeguards for crypto holdings.

Pros

• Premier Security: Cold storage solutions and insurance for select assets
• Regulatory Composure: Adheres to strict compliance for a trustworthy environment
• Straightforward Interface: Easy for beginners, plus an advanced option for pros
• Local Currency Support: Allows direct SGD deposits for smooth transactions

Cons

• Smaller Crypto Selection: Focuses on major coins and a curated list of altcoins
• Higher Fees on Basic Platform: Reduced only when using the ActiveTrader interface

4. Coinbase

Coinbase stands as one of the earliest and most recognized names in crypto trading, having been on the scene since 2012. Loved by beginners for its clean design and intuitive workflow, the platform also provides an advanced version for those seeking additional depth. Although fees can add up, many users trust Coinbase for its solid track record and global reputation.

Coinbase is well-known for its beginner-friendly interface and straightforward onboarding process. Users can buy crypto via debit card or bank transfer, including local SGD options for Singaporean traders. The platform prioritizes trust and security, making it a popular choice for those starting out in the crypto space and preferring ease of use.

Maker/Taker Fees

Coinbase Advanced features a tiered fee system ranging from around zero to 0.50%, depending on trading volume. Regular Coinbase transactions often include additional deposit fees, so many active trader users switch to Coinbase Advanced Trade for a more competitive fee structure. For anyone just entering the crypto space, however, Coinbase’s straightforward design and brand reputation make it a top contender among the best crypto exchanges here in Singapore.

Pros

• User-Centric Design: Perfect for newcomers wanting a clean, intuitive experience
• Robust Brand Reputation: Well-known for strong security and regulatory compliance
• Multiple Payment Methods: Supports local bank transfers, as well as credit & debit cards in SGD

Cons

• Limited Advanced Features: Seasoned investors may seek deeper tools
• Slow Customer Support During Surges: High traffic can lead to longer wait times
• Fee Complexity: Understanding different tiers and transaction costs can be tricky

5. Crypto.com

Crypto.com is more than just an exchange; it is an expanding ecosystem designed to serve virtually every crypto need under one roof. Founded in 2016, the platform offers tools like staking, a prepaid Visa card, and multi-currency support, making it appealing to anyone seeking more than a basic buy-and-sell experience.

Crypto.com stands out with its extensive ecosystem of crypto services, including a Visa card that offers cashback rewards. Singaporean traders can deposit funds in SGD and enjoy margin trading on popular crypto exchanges. With low trading fees, comprehensive features, and a sleek user interface, Crypto.com supports both beginners and advanced traders.

The wide variety of services (from rewards programs to derivatives trading) consistently aims to accommodate different investor profiles. Though its range of features might appear overwhelming, the potential rewards and regular updates keep users coming back.

Maker/Taker Fees

Crypto.com’s standard maker fees start around 0.075%, with additional discounts for higher staking volumes or trading activity. Taker fees are slightly higher but still competitive compared to many other exchanges.

Pros

• Comprehensive Ecosystem: Includes staking, lending, and an integrated Visa card
• Attractive Rewards Program: CRO staking yields perks like higher cashback
• Extensive Asset Range: Trades in over 250 cryptos for a portfolio variety
• Intuitive Mobile App: Manage trades, rewards, and portfolios on the go
• Competitive Fee Structure: Discounts available for stakers or high-volume traders

Cons

• Platform Complexity: A wide array of features may confuse absolute beginners
• Staking Requirements: Some perks need CRO locked for a set duration
• Occasional App Glitches: Rare but can disrupt transactions

6. Independent Reserve

Originally formed in Australia in 2013, Independent Reserve now offers a reliable, regulation-friendly experience for Singapore’s crypto enthusiasts. With a clear fee structure and a focus on major cryptocurrencies, it caters to those who prioritize transparency and compliance. Its relatively smaller coin selection keeps it straightforward, allowing traders to stay focused on well-established digital assets.

Independent Reserve is hugely popular among Singaporean traders for its highly localized presence and focus on robust investor protection. It supports all fiat currencies and deposits in SGD, making transactions straightforward for users. With a transparent fee structure, robust security measures like cold storage, and responsive customer support, it offers a reliable platform to start trading.

Maker/Taker Fees

Independent Reserve adopts a tiered system that decreases fees as trading volume increases, starting at 0.50% for new users. This can be reduced considerably for high-volume traders or those placing limit orders.

Pros

• Local Banking Support: Effortless SGD deposits and withdrawals
• Regulated Environment: Follows Singaporean guidelines closely
• Transparent Fee Tiers: Lower rates for higher trading volumes
• Focus on Major Cryptos: Simplifies choice for long-term or blue-chip investors
• User Asset Protection: Cold storage for the bulk of digital holdings

Cons

• Fewer Listed Altcoins: Tends to focus on mainstream projects
• Less Known Internationally: Smaller global presence compared to industry giants

Best Crypto Exchanges in Singapore – Comparison Table

Exchange	Year Launched	Cryptocurrencies Supported	Maker/Taker Fees	Payment Methods	Unique Selling Point
Binance	2017	300+	0.10%	Bank transfers, debit card	High trading volume & wide variety
Coinhako	2014	67+	0.60%	Bank transfers, PayNow, card	Simple SGD integration & user-friendly interface
Gemini	2015	100+	0.20% / 0.40%	Bank transfers, debit card	Emphasis on security & insurance
Coinbase	2012	200+	0.40% / 0.60%	Bank transfers, debit card	Beginner-friendly & reputable
Crypto.com	2016	250+	0.075%	Bank transfers, card	Ecosystem of services & Visa rewards
Independent Reserve	2013	30+	0.50%	Bank transfers	Strong local support & compliance

Factors to Consider When Choosing a Singapore Crypto Exchange

Trading Fees

Trading fees can significantly affect your overall profitability when you trade cryptocurrencies. Many popular crypto exchanges use a maker-and-taker fee model, where makers (those who add liquidity) and takers (those who remove liquidity) pay different rates.

Some platforms also charge deposit fees for bank transfers or higher fees for credit card payments. Beyond these, look out for withdrawal costs, potential hidden charges, and whether the exchange offers discounts for holding native tokens or achieving specific trading volume tiers.

Payment Methods

A suitable payment method can simplify your first crypto purchase. Some exchanges in Singapore allow direct SGD deposits through local bank transfers, which often come with lower fees and quicker processing. 

Others let you buy crypto using debit or credit cards, although this can involve additional costs. Having diverse payment options makes it easier for both beginner and experienced traders to deposit funds conveniently.

Security

Security should be a top priority when handling digital assets. Look for platforms that incorporate two-factor authentication, secure private key storage, and robust encryption protocols.

Many of the best crypto exchanges store the majority of user holdings in cold storage, protecting them from online threats. Before you start trading, review the platform’s history regarding any hacks or breaches to ensure you pick a reliable and secure platform first.

Supported Cryptocurrencies

Each trading platform offers a different range of crypto assets. Some focus on a handful of major coins like Bitcoin and Ethereum, while others list hundreds of trading pairs.

If you plan to diversify into altcoins, choose an exchange that supports a wide selection of digital assets. This allows you to explore new opportunities in the crypto market and try various other trading pairs and strategies.

Always confirm the tokens offered to match your investment goals before committing to a particular exchange.

Regulatory Compliance

Singaporean traders benefit from oversight by the Monetary Authority of Singapore, the monetary authority which enforces compliance standards. Regulatory frameworks also affect how cryptocurrency transactions are taxed, so you should confirm whether capital gains tax or other obligations might apply to your own crypto trading activities under the Inland Revenue Authority.

User Interface and Experience

A beginner-friendly interface with straightforward navigation is helpful when you are learning how to buy or sell crypto assets. Advanced traders can seek powerful charting tools, multiple order types, and real-time data to support margin trading or complex trading strategies elsewhere. Make sure the exchange offers a layout that aligns with your trading style, whether you prefer simplicity or require in-depth analytical features.

Customer Support

Look for platforms with quick response times, robust FAQs, and community support forums. Effective customer service is especially important when you need urgent help regarding deposit funds, trade execution errors, or how to withdraw funds.

A platform that values its users will typically offer clear support options that help keep your crypto trading as hassle-free as possible.

How to Buy Crypto in Singapore?

Buying digital assets in Singapore is straightforward once you choose an exchange that supports SGD deposits. Here is a step-by-step rundown.

1. Select an Exchange: Pick a reputable exchange that suits your needs. Look for regulatory compliance, user-friendly navigation, and secure measures like 2FA.
2. Create an Account: Sign up with your email address, create a strong password, and verify your identity through KYC procedures. These checks ensure platforms comply with Singaporean regulations.
3. Fund Your Account: Deposit funds in SGD using local bank transfers or a debit card. Bank transfers are often cheaper, while cards may process faster.
4. Choose a Cryptocurrency: After your account is funded, decide which coin to buy. Many exchanges offer a wide selection, from Bitcoin to altcoins.
5. Place Your Order: Select a trading pair, such as BTC/SGD, and enter the amount you wish to purchase. Review the fees, then confirm your transaction.
6. Secure Your Holdings: Finally, move your crypto assets to a personal wallet with private keys if you plan to hold them for the long term. This helps protect your investments from potential exchange-related risks.

Singaporean Crypto Regulations

How is Crypto Regulated in Singapore?

Singapore takes a proactive yet careful approach to the crypto market. The Monetary Authority of Singapore (MAS) plays a crucial role in overseeing cryptocurrency activities under the Payment Services Act. As part of the regulatory compliance process, cryptocurrency exchanges here may require KYC checks to verify user identities.

Aside from these measures, the MAS encourages responsible innovation in the crypto space. The goal is to establish a framework that protects Singaporean traders while allowing blockchain-based services to grow. Because of this, the city-state has attracted reputable global crypto exchanges and continues to be a hub for digital assets in Southeast Asia.

For more detailed information, check out our guide on crypto regulation including Singapore laws on cryptocurrency.

How is Crypto Taxed in Singapore?

Singapore generally does not impose capital gains tax on individuals. Thus, profits made from the sale of crypto assets might be free of direct taxation if they are deemed capital gains. However, if the Inland Revenue Authority of Singapore classifies your crypto activities as trading or part of a business, income tax could apply.

Not only that but businesses or entities dealing heavily in crypto transactions may fall under specific tax requirements. Singaporean traders should consult tax professionals or refer to the latest guidelines from the Inland Revenue Authority to ensure full compliance and avoid penalties.

Conclusion

Choosing the best crypto exchange Singapore has to offer ultimately depends on your trading strategies, security preferences, and how you plan to deposit or withdraw funds. Whether you value low trading fees, an intuitive user interface, or robust investor protection, there is a reliable platform to suit your needs. Always conduct your own research and pay attention to important factors like liquidity, regulatory compliance, and customer support.

FAQs

Is cryptocurrency legal in Singapore?

Yes, cryptocurrency is legal in Singapore. The Monetary Authority of Singapore oversees the industry through regulations meant to deter financial crimes and safeguard consumer interests. Exchanges that operate in the city-state must meet certain compliance standards, including KYC procedures and anti-money laundering measures.

Which is the best exchange in Singapore to buy Bitcoins?

There is no single best exchange for everyone, as different factors come into play. Some users prioritize lower fees and margin trading, making Binance a popular choice. Others may prefer a more straightforward sign-up process and local bank transfers, which might point them toward Coinhako or Independent Reserve. Ultimately, your ideal platform depends on fees, payment methods, supported cryptocurrencies, and how advanced you want your trading interface to be.

Which crypto exchange support SGD?

Most top crypto exchanges in Singapore enable deposits in SGD through local payment methods. Coinhako and Independent Reserve specialize in easy SGD integration, while Binance, Gemini, and Crypto.com also offer options to deposit Singapore dollars. Always confirm the specific payment method, such as bank transfers or debit cards, and review any associated deposit fees before you select an exchange.

What is the best crypto wallet in Singapore?

The best crypto wallet depends on your security needs and usage preferences. For short-term trading, some prefer storing crypto assets only on reputable crypto exchanges, like Gemini or Coinbase, which feature robust security measures. Long-term holders often opt for hardware wallets such as Ledger or Trezor to store private keys offline in cold storage. A secure platform with two-factor authentication is crucial for online wallets, while hardware solutions offer an extra layer of protection.

What is the difference between Binance and Binance Singapore?

Binance Singapore was a more localized version that supported SGD deposits and catered specifically to Singaporean traders. However, operations under Binance Singapore have been winding down in recent years due to regulatory shifts, so many Singapore-based users now rely on the main Binance.com platform or other exchanges to trade cryptocurrencies.

Are Initial Coin Offerings (ICOs) allowed in Singapore?

Singapore does not ban ICOs outright, but they fall under the purview of the MAS if they are considered securities or capital market products. Any token sale that resembles a securities offering must follow existing regulations to protect investors. While some ICOs still launch from Singapore, the guidelines require them to adhere to investor protection principles similar to those governing other financial products.

Can you use Singaporean debit or credit cards to buy Crypto?

Several exchanges let you buy crypto with Singaporean debit or credit cards, including Coinbase, Crypto.com, and Coinhako. Card purchases generally process faster than bank transfers but may involve higher fees or limits. If you choose to deposit funds this way, check your card issuer’s policies and any charges levied by the exchange. For many Singaporean traders, local bank transfers remain the more affordable option, but credit and debit cards offer greater speed and convenience when you want to start trading quickly.

The post 6 Best Crypto Exchanges in Singapore For 2025 appeared first on NFT Evening.