6 Best Crypto Exchange in Singapore (2023 Review & Compare)

Cryptocurrency exchanges have taken the world by storm in recent years, and Singapore is certainly no exception. With a rising interest in digital currencies and blockchain technology, more and more people are looking for the best crypto exchange to get into this exciting new space. But as with any investment venture, choosing the right one to trade on can be highly daunting! Here are the best crypto exchanges in Singapore.

Top Pick
Zengo

Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency.

Learn More

Best Crypto Exchange & Trading Platforms Reviews in Singapore

Tool Best feature Deposit fee Withdrawal fee Link
Zengo Keyless Software to make quick Crypto Purchases $0 (Free) No Fee Learn More
Binance Convenient for experienced traders. $0 (Free) Fiat fee, depending on the blockchain network commission. Learn More
Okcoin You can connect with your bank account to purchase crypto. $0 (Free) Free except for a 3.99% charge on debit card transactions. Learn More
Zipmex It has access to a wide range of cryptocurrency pairs. $0 (Free) From 0.0002 BTC. Learn More
Coinhako The top Bitcoin exchanges. $0 (Free) $2 base fee on all Singapore transactions and from 2% in other locations. Learn More
Pro Tip:

Choose a safe and secure crypto exchange in Singapore with low trading fees, an easy-to-use interface, and compatibility with the Singapore financial institutions you’d like to interact with.

1) Zengo

Best Keyless Software to make quick crypto purchases

Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency. Create an account in less than 60 seconds and be the true owner of your crypto.

Zengo’s 3-Factor authentication process ensures that 1) no one but you can control your crypto, and 2) your wallet is backed up, so even if you lose your phone, you can recover your crypto through a simple 2-step verification process. Zengo offers 24/7 in-app customer service with real people, and supports 120+ assets, including Bitcoin, Ethereum, and Tezos.

#1 Top Pick
Zengo
5.0

Coins Supported: 120+ coins, including Bitcoin, ETH, BTC, MATIC, DOGE, USDC, SHIB, etc.

Type of Wallet: Non-custodial

Price: Free

Visit Zengo

Features:

  • Store, buy, swap, send and receive crypto.
  • Sell Bitcoin in Europe, the UK, and the US
  • Over 120 crypto assets are supported including Bitcoin, Ethereum, Dogecoin (DOGE).
  • Enjoy 24/7 live support by real agents
  • Choose from the 3 network fees modes (economy, regular, fast). Applicable for BTC, ETH, ERC20.
  • Available for seamless mobile experience on both iOS and Android devices.
  • Cancel or speed up your sent transactions before they are confirmed on the blockchain with 1 tap.
  • Zengo-Pro: While Zengo Essentials continues to be the most secure crypto wallet to self-custody your assets for free, upgrading to Zengo Pro unlocks a suite of premium industry-first security features. Protect your assets from unauthorized withdrawals with Multi-Factor Authentication, a built-in Web3 Firewall, 24/7 Priority Support in 1 hour or less, and ensure your assets never get lost with Legacy Transfer, the industry’s first inheritance-inspired feature available to all Pro customers for as low as $20 a month

Pros

  • Allows to sell or buy within the bitcoin wallet app
  • Provide 3FA security
  • Easy to use interface

Cons

  • Limited range of cryptocurrencies
  • Not fully non-custodial crypto wallet

Trading Fees:

Deposits, withdrawals, and account openings are all offered at no cost.

Visit Zengo >>


2) Binance

Best Crypto features in a Single Platform

Binance is the current world’s biggest crypto exchange by trading volume, with over 120 million registered users and more than 350 cryptocurrencies listed. This crypto platform in Singapore primarily incentivizes its growing user base with a low transaction fee of less than 0.10% and a zero-trading fee on selected Bitcoin spot trading pairs.

Binance also has peer-to-peer trading, Defi staking, yield farming, margin trading, and futures trading, which are alternative investment options that make it simple for both inexperienced and experienced cryptocurrency traders to diversify their holdings. The platform also ensures the security of user crypto assets by adhering to strict regulatory frameworks. It uses advanced data encryption and has a Secure Asset Fund for Users (SAFU) that safeguards a portion of the customer’s funds.

As a result, the Monetary Authority of Singapore (MAS) has recently granted the platform a temporary license to continue operations in Singapore under the new Payment Services Act.

Binance

Features:

  • Offers free Bitcoin transactions.
  • The exchange has in-house games for BTC and BNB rewards.
  • Create and modify your crypto portfolio for easy management and tracking.
  • There are a wide variety of top-up options, including credit/debit cards and wire transfers.
  • Use Binance Earn to gain interest on your deposits.
  • Binance showcases an extensive range with over 350 listed cryptocurrencies.
  • Seamless mobile experience on both iOS and Android platforms.
  • It has a dedicated NFT section with Fan tokens and IGOs.
  • Receive crypto payments in your business using Binance Pay.
  • Restrict access control by modifying addresses and devices.

Pros

  • Low transaction fees
  • Extremely large cryptocurrency selection
  • Quick and easy signup process

Cons

  • Not suitable for beginners
  • Considerable withdrawal fees per trading volume

Trading Fees:

Deposits are free, withdrawals incur a fiat fee based on blockchain network commission, and account opening at no cost

Visit Binance >>


3) Okcoin

Best for staking and lending

Okcoin is one of the most popular global crypto exchanges that is licensed in the U.S. and registered with the Financial Crimes Enforcement Network (FinCEN). The platform is very user-friendly and has a simple signup process which is great for beginners.

Okcoin also has a more advanced trading platform where expert traders can invest digital assets into other financial products such as staking and Defi. Additionally, the exchange also offers a staking program that ranges from 17% to 10% APY on BTC deposits.

The platform ensures the security of assets by monitoring transactions 24/7 and providing multi-factor encryption to handle users’ transactions safely and securely.

Okcoin

Features:

  • New investors get guidance on how to trade crypto.
  • Connect your bank account to purchase crypto assets.
  • Earn through Defi offers and staking.
  • It keeps all crypto on offline storage for security.
  • Access the research center to learn more about frameworks and to build a crypto portfolio.
  • It runs a crypto developer grant program.
  • Okcoin offers a diverse selection with over 150 cryptocurrencies.
  • Accessible on both iOS and Android for mobile users.

Pros

  • High liquidity
  • Can trade on margin and futures markets
  • Allows setting up recurring buys to automatically dollar cost average

Cons

  • A small variety of cryptocurrencies
  • Limited trading pairs

Trading Fees:

Deposits are free; withdrawals also free, except for a 3.99% charge on debit card transactions.

Link: https://www.okcoin.com/


4) Zipmex

Best Customer Support

Zipmex is a Singapore-based crypto asset exchange platform with global operations in Australia, Indonesia, and Thailand. It provides a simplified iOS and Android app that is quick and easy to use for beginners.

Zipmex offers an impressive 12% interest rate on crypto assets, allowing you to earn crypto rewards on idle assets. It also has low trading fees and high liquidity with a diverse range of cryptocurrency trading pairs. The platform offers a native Zipmex token, ZMT, which you can lock to earn rewards and discounts like reducing trading fees by 50%.

Zipmex

Features:

  • Consistent clients earn crypto rewards.
  • Stake your crypto deposits and earn up to 12% interest.
  • Calculate your potential crypto earnings using its Earnings Calculator.
  • Access the latest crypto tokens with low fees and fast transactions.
  • Zipmex boasts a portfolio with over 100 listed cryptocurrencies.
  • Offers mobile accessibility on both iOS and Android platforms.
  • Get 24/7 customer support (crypto-nerd army) to guide your crypto journey.
  • Use up to 4 languages for customer support, including, Cryptonian, Bahasa, English, and Thai.
  • Earn extra crypto bonuses by purchasing Zipmex Token (ZMT).

Pros

  • Interest-earning deposits
  • Wide range of trading pairs
  • Supports fiat currencies like USD, SGD, and AUD

Cons

  • Limited trading products
  • Limited order types

Trading Fees:

While making deposits on Zipmex, users are not charged any fee. However, for withdrawals, the platform imposes a starting fee of 0.0002 BTC. This structure ensures transparency and affordability for its users.

Link: https://www.zipmex.com/


5) Coinhako

Best for trading Bitcoin

Coinhako is a reputable cryptocurrency exchange that is popular in Singapore and throughout Asia. Depending on your investment goal, this crypto platform in Singapore allows you to create an individual, accredited investor or OTC account to manage your assets. This enables various types of investors to maximize their return on investment, reduce trading fees, and manage their assets much more easily.

Coinhako offers a customer loyalty rewards program in which users earn a certain number of points each time they log in to trade on the platform. They can later exchange these points for cryptocurrency.

Coinhako

Features:

  • Send crypto between multiple chains at once.
  • Use the e-wallet to get optimum crypto prices.
  • Coinhako offers a curated selection of over 30 cryptocurrencies.
  • Accessible via mobile on both iOS and Android platforms.
  • It accepts multiple payment options like Mastercard, VISA, and wire transfer.
  • All transactions are at spot price.
  • Earn loyalty rewards for frequent trading, like crypto bonuses, free merch, and discounts.
  • Use the Coinhako Super Wallet for more advanced features, like multi-signature authorization.
  • Customize your crypto price alerts and other notifications.

Pros

  • Best for crypto wallet use
  • Receive fiat deposits
  • Access different account types like OTC, Accredited Investors, and Individuals.

Cons

  • Limited listed cryptocurrencies

Trading Fees:

Deposits are complimentary, withdrawals incur a $2 base fee for Singapore transactions and start from 2% elsewhere, while account opening is entirely free.

Link: https://www.coinhako.com/


6) Crypto.com

Best futures trading and advanced order types

Crypto.com is a cryptocurrency exchange in Singapore with more than 70 million users. It is one of the industry leader in regulatory compliance and security.

The cryptocurrency exchange also offers its users the Crypto.com Visa Card, which offers 5% cash back on all purchases, has no annual fees, and can be loaded with either cryptocurrency or fiat currency.

Additionally, Crypto.com provides advanced traders with additional features such as staking options, futures contracts, and advanced order types such as limit offers.

Crypto.com

Features:

  • It has a Visa card with chargeback offers.
  • Earn from your deposits with over 14% interest.
  • Use up to 20 fiat currencies to purchase crypto.
  • Crypto.com boasts an extensive range with over 250 listed cryptocurrencies.
  • Mobile-friendly, supporting both iOS and Android platforms.
  • It accepts credit/debit card payments.
  • Access the reward calculator to determine your rewards on stake deposits.
  • The exchange has a deep order book liquidity to support clients in any market condition.
  • Fast trading speed with improved microsecond core latency and TPS matching engine.
  • Access the DeFi section to store, swap, and earn from crypto.

Pros

  • Easy to convert money
  • Earn interest on crypto holdings
  • Competitive fees with discounts available

Cons

  • Limited educational resources
  • Can be complex for beginners

Trading Fees:

Deposits are free; withdrawals are complimentary using the “Withdraw to App” function, with commission charges applied for on-chain transactions. Account opening is entirely free.

Visit Crypto.com >>

What is a Singapore Crypto Exchange?

A Singapore crypto exchange is a cryptocurrency exchange platform that is based in Singapore and allows users to buy, sell, trade & store various cryptocurrencies. These exchanges provide a marketplace for individuals & institutions to engage in cryptocurrency transactions.

FAQs

Among the best crypto trading platform in Singapore include:

Yes. It is legal to buy bitcoin in Singapore. Although Bitcoin and other cryptocurrencies are not accepted as legal tender, they are viewed as property, making them legal to buy, sell, or own in Singapore.

The most important factors to look for in a great Singaporean crypto exchange include the following:

  • Regulation: By confirming a crypto trading platform adheres to the Monetary Authority of Singapore’s regulatory standards, you can ascertain the platform has credible rights to trade digital payment tokens and possibly reduce the risk of financial loss from trading.
  • Listed cryptocurrencies: Most crypto exchanges in Singapore offer the most popular cryptocurrencies you may want to trade. However, it’s best to confirm a specific crypto trading platform in Singapore offers the actual cryptocurrency you’re looking to trade before signing up.
  • Signup bonus: Some crypto exchanges offer competitive signup bonuses to first-time users.
  • Trading fees: A crypto exchange’s fee structure varies, so make sure to confirm the platform has very low trading fees, including withdrawal fees, deposit fees, and any other hidden costs.
  • Payment services: If you’d prefer to make deposits using Singaporean dollars, bank transfers, or credit or debit cards, make sure to confirm whether the exchange offers the payment method you’re looking for.
  • Customer service: While international cryptocurrency exchanges may offer 24/7 customer service, a local customer care service may be easier to get in touch with while overseas.
  • Security: The most secure crypto exchanges will have a robust security protocol that takes extra measures like two-factor authentication to keep your digital assets safe.
  • Reviews: Whether they’re from credible websites or app reviews, make sure to research the pros and cons of a trading platform before signing up.
  • Usability: Trading crypto can be complex. However, a great crypto exchange will curate an easy-to-use interface that’s easy for both beginners and advanced investors to navigate.

The best way to Buy Bitcoin in Singapore is by using credible crypto exchanges that support SGD (Singapore dollars) as payment.

A local cryptocurrency exchange platform is often preferred because:

  • The Monetary Authority of Singapore (MAS) has most likely granted it permission to operate as a digital payment token service provider in Singapore.
  • The best bitcoin exchanges exchange likely complies with Anti Money Laundering (AML) reporting obligations.
  • One can directly buy or sell bitcoin using Singapore dollars.
  • You can also pay with other local payment options, such as credit or debit cards or bank wire transfers.
  • If you have any issues, you can easily contact the local customer care service for help

Best Crypto Exchange & Trading Platforms in Singapore

Tool Best feature Deposit fee Withdrawal fee Link
Zengo Keyless Software to make quick Crypto Purchases $0 (Free) No Fee Learn More
Binance Convenient for experienced traders. $0 (Free) Fiat fee, depending on the blockchain network commission. Learn More
Okcoin You can connect with your bank account to purchase crypto. $0 (Free) Free except for a 3.99% charge on debit card transactions. Learn More
Zipmex It has access to a wide range of cryptocurrency pairs. $0 (Free) From 0.0002 BTC. Learn More
Coinhako The top Bitcoin exchanges. $0 (Free) $2 base fee on all Singapore transactions and from 2% in other locations. Learn More