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12 Best Crypto Exchanges in Singapore to trade Cryptos [2024]
A simple overview on the list of crypto exchanges in Singapore you can choose to trade cryptos on.
For a country with many regulations, the crypto investment scene in Singapore has grown exponentially in 2021. Many retails investors are now buying cryptocurrencies in Singapore as a form of investment.
The South-East Asian hub has become a magnet for cryptocurrency companies and executives as many see it as a conducive operating environment. Here are our top 12 picks for the best crypto exchanges in Singapore!
1. Independent Reserve
| Type of Information | Details |
| Website | https://www.independentreserve.com/sg * Sign up here! |
| Number of crypto assets | 16 |
| Trading fees | ~0.5% Find out more here |
| Unique features | Low fiat deposit ($2.50 for deposits under $1,000) and withdrawal fees ($1.50) Instant deposits with SGD, OTC desk, Autotrader DCA strategy, first retail exchange licensed by MAS. |
Independent Reserve is a cryptocurrency exchange established in 2013 that has expanded its services to all residents of Singapore, both retail and institutional investors. It’s one of the first retail cryptocurrency exchanges in Singapore to attain a licence from MAS and currently supports over 200,000 customers.
Offering tight spreads and low fees, users can easily buy and sell popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Polkadot (DOT) with SGD.
Sign up for a free account, complete verification, and deposit SGD instantly via FAST.
2. Coinhako
| Type of Information | Details |
| Website | https://www.coinhako.com/ Sign up here! |
| Number of crypto assets | 48 |
| Trading fees | ~1% Find out more here |
| Unique Features | Free Deposit Fees & $2 Withdrawal Fees Coinhako Loyalty Program: Accumulate points every time you trade and stand to win rewards (digital assets) |
Established in 2014, Coinhako is one of the most recognised crypto platforms in Asia, more recently, they launched GrabPay as a digital payment option that would allow users to purchase digital assets more easily and more quickly, with a 2.5% flat fee for GrabPay purchases.
We like them for their multi-functional super wallet for you to buy, sell, swap cryptocurrencies with fiat at spot price with a myriad of payment options available!
3. Crypto.com
| Type of Information | Details |
| Website | https://crypto.com/ Sign up with referral code “aduq628w3j” and get USD$25* in CRO! |
| Number of crypto assets | 30+ cryptos and stablecoins |
| Trading fees | ~0.4% Find out more here |
| Unique Features | Crypto.com Visa card where you can enjoy up to 8% back on all spending with your sleek, pure metal card. No annual fees. Top-up with fiat or crypto. |
One of the fastest rising crypto exchanges in the world. Not only you can enjoy trading a large range of cryptos in their exchange, you can also make payments with crypto and earn CRO rewards. With Crypto.com Visa cards, you can now shop with your crypto profits without a need to touch your fiat currency! On top of that you can also enjoy 100% rebates off Spotify, Netflix and Disney Plus subscriptions!
Apply for a Crypto.com Visa Card and enjoy up to 8% back on spending, paid in CRO Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.
GET USD$25 FREE!
Sign up with referral code “aduq628w3j”, and get USD$25* in CRO when you apply for a Ruby card or above!
![12 Best Crypto Exchanges in Singapore to trade Cryptos [[year]] 1](https://sbo.sg/wp-content/uploads/2021/06/meilion.webp)
4. Gemini
| Type of Information | Details |
| Website | https://www.gemini.com/exchange |
| Number of crypto assets | 68 |
| Trading fees | ~0.25% to 0.35% Find out more here |
| Unique Features | Gemini Earn: Earn up to 7.4% APY every day on your crypto balance. |
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). Gemini was founded on a “security-first” mentality and they are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law.
Personally as a beginner, I find Gemini super easy to use with the streamlined trading view and ease of placing trades, indeed one of my top picks for best crypto exchange in Singapore!
5. Binance
| Type of Information | Details |
| Website | https://www.binance.sg/en |
| Number of crypto assets | 8 |
| Trading fees | Binance SG is no longer available in Singapore |
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017. Binance is currently the largest exchange in the world in terms of daily trading volume.
Binance is a platform friendly for almost anyone boasting a wide range of cryptocurrencies, and its interface is pretty user friendly, with a wide range of features suitable for both beginners and more advanced traders.
Update: Binance Singapore is no longer available for crypto investors to buy and sell cryptos from. Please choose other alternative crypto exchanges.
6. Coinbase
| Type of Information | Details |
| Website | https://www.coinbase.com/ |
| Number of crypto assets | 91 |
| Trading fees | Fees are calculated at the time you place your order and may be determined by a combination of factors including the selected payment method, the size of the order, and market conditions such as volatility and liquidity |
| Unique Features | Earn crypto while learning about crypto – Start a course to learn more about a particular crypto and earn tokens |
Approximately 68 million verified users, 9,000 institutions, and 160,000 ecosystem partners in over 100 countries trust Coinbase to easily and securely invest, spend, save, earn, and use crypto.
One of the best crypto exchange in Singapore for you to start trading. Trade with a peace of mind as your crypto would be covered by their insurance policy – Coinbase maintains crypto insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000. Coinbase has crypto solutions customised for different users – For businesses, for individuals and also for developers.
7. eToro
| Type of Information | Details |
| Website | https://www.etoro.com/ |
| Number of crypto assets | 120+ |
| Trading fees | – eToro does not charge any deposit or trading fees other than spreads – eToro charges a $5 fee for withdrawals and the minimum withdrawal amount is $50 |
| Unique Features | Try out all of the features on eToro’s trading platform risk-free with $100,000 in a virtual portfolio |
Trade cryptocurrency safely, smartly and seamlessly with eToro. Based on their experience as a global Fintech leader since the early days of Blockchain, explore their range of products from their trading platform which allows for an easier way to trade crypto and to connect with other crypto traders.
They also have an advanced crypto exchange with institutional-grade algorithm trading capabilities for a unique set of tokenised assets.
8. Huobi Global
| Type of Information | Details |
| Website | https://www.huobi.com/en-us/ |
| Number of crypto assets | 379 |
| Trading fees | Find out more here |
| Unique Features | Register and follow the newbie tasks to get started and earn a limited-time $170 welcome bonus! |
Huobi is one of the largest cryptocurrency exchanges catering to Asian audiences, having started its operations back in 2013.
Huobi Global, its global crypto exchange offers a platform to trade cryptocurrency – with wide support for many altcoins and a large variety of stablecoins. Huobi Global also has its own coin- HUSD, a USD-backed stablecoin.
9. Luno
| Type of Information | Details |
| Website | https://www.luno.com/en/sg Sign up with referral code “T5FDZH” and get SGD$5** in BTC! |
| Number of crypto assets | 6 |
| Trading fees | Find out more here |
| Unique Features | Earn up to 7.6% per annum in crypto |
Another platform that has an intuitive user interface – When you first go on the page, there are half-hourly updates of crypto prices followed by a section for you to input your purchase amount if you decide to make a purchase.
Simple and to the point, this crypto exchange in Singapore does not have an influx of information which may be daunting for first-time users!
Sign up with referral code “T5FDZH” and get SGD$5** in BTC when you deposit money into your Luno wallet, and buy/sell SGD$100 of Bitcoin!
10. Kraken
| Type of Information | Details |
| Website | https://www.kraken.com/ |
| Number of crypto assets | 86 |
| Trading fees | Fees as low as 0%, find out more here |
| Unique Features | Kraken Futures which allows for top cryptocurrency trading with up to 50x leverage |
The official Kraken app is perfect for beginners just starting out in crypto, or experienced traders looking to quickly and conveniently buy or sell while on the go. They also have Kraken Pro which is customised for the professional trading experience, designed for power users.
Another product is Kraken Futures which allows you to trade top cryptocurrencies with up to 50x leverage.
In my opinion, the user interface is super user friendly and beginner-friendly definitely. The website has multiple trading guides, documenting the important steps and how to start your first trade with as little as $10.
11. Zipmex
| Type of Information | Details |
| Website | https://zipmex.com/ |
| Number of crypto assets | 19 |
| Trading fees | Find out more here |
| Unique Features | Zipmex token – ZMT has higher rates on earnings accounts, discounts |
Start investing in digital assets with ZipMex with high liquidity and trusted prices. We like them for their additional security enhancement – Zipmex has partnered with BitGo to provide you with the best digital wallet security with up to US$100M insurance policy.
For every friend that signs up using your referral code and locks 250 ZipmEX Token (ZMT) into ZipLock, you and your friend will each earn 2.5 ZMT!
12. Bitmex
| Type of Information | Details |
| Website | https://www.bitmex.com/ |
| Number of crypto assets | 10 |
| Trading fees | Find out more here |
| Unique Features | Open source developer grant programme |
BitMex is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin and as its name suggests, it only handles Bitcoin. BitMEX offers up to 100x leverage on some of its products. This means that you can buy as much as 100 Bitcoin of contracts with only 1 Bitcoin to back it.
We take a liking for their initiatives in supporting developers through their Open Source Developer Grant programme— which provides grants to developers working on Bitcoin, NodeJS, Java, and Kubernetes so as to nourish the cryptocurrency and open source ecosystems.
Conclusion
Do you have any reviews and comments to share regarding our choices for the best crypto exchange in Singapore to jump start your crypto portfolio?
While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the above-listed best crypto exchange in Singapore.
We hope that this guide will be useful in helping you to make a better decision when it comes to finding the best crypto exchange in Singapore.
Featured Image by Behnam Norouzi on Unsplash
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