8 Best Crypto Exchanges In Singapore + $15 Bonus

January 20, 2024
Blog

Choosing the best cryptocurrency exchange in Singapore isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Singapore, and have made my selections below based on years of research and personal experience.

Capital is my recommended exchange for Singaporean crypto investors, both for its high level of security and for its ease of use. Capital is also offering zero commission fees if you sign up using our referral link, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Singapore, I can’t recommend Capital highly enough.

SIGN UP FOR FREE
Offer ends April 21, 2024.

Here’s something you may not realize: the cryptocurrency exchange you choose matters. The exchange you choose will impact how profitable your trades are, how easily you can buy and sell coins, and whether you can trade crypto in Singapore at all.

Fortunately, I've been investing in crypto for more than 10 years, and I frequently update my list of the best cryptocurrency exchanges in Singapore below. So if you’re looking for a safe and secure crypto exchange that’s easy to use, supports the Singapore dollar, and is compatible with the biggest financial institutions in Singapore, you’ve come to the right place.

Here are my top picks for the best crypto exchanges Singapore has to offer.

What Is The Best Crypto Exchange In Singapore?

1. Capital — Best Overall

Zero Fees
Capital

Trading fees: 0%
Supports: 100+ coins
Customer support: Excellent

Trusted by millions.

★★★★★

Rated 4.9/5

Capital allows users to trade crypto alongside stockscommodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.

Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough. 

Features

  • Zero trading commissions
  • Tight spreads (0.1% – 0.3%) 
  • Supports 100+ cryptocurrencies
  • Allows up to 500x leverage (2x leverage on crypto)
  • Fully functional demo account for paper trading
  • Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
  • Dedicated account manager you can reach at any time
  • Excellent desktop trading platform
  • Well-rated mobile app (4.7/5 on both Apple and Google)
  • Licensed by the Australian Securities and Investments Commission (ASIC)
  • ISO 27001-certified for meeting extremely high information security standards

Cost

  • Trading fees: 0%
  • Spreads: 0.1% – 0.3%
  • Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately by using my referral link below.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

SIGN UP FOR FREE
Offer ends April 21, 2024.

2. Kraken — Low Fees

Best Overall
Kraken

Fees: 0.16%
Security: Best in class
Customer Support: Excellent

Top-notch security + lowest fees.

★★★★★

Rated 4.9/5

Based in the United States, Kraken is a highly transparent exchange with a longstanding history of reliability. As one of the largest crypto exchanges in the world, Kraken outperforms smaller exchanges for a number of reasons.

For starters, Kraken's fees are far lower than most other exchanges, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with other exchanges—which routinely charge up to 2% in trading commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.

Kraken also has better customer support than most other exchanges, and is one of the only exchanges out there that still offers telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.

If that wasn't enough, Kraken's trading platform is professional and robust, offering features like NFT trading, staking and support for a wide range of fiat currencies including USD, EUR, and more.

Overall, Kraken is an excellent fit for many crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto, we strongly recommend Kraken.

Features

  • Extremely low trading commissions (0.16%)
  • Extremely low spreads (0.0003%)
  • Trade 100+ cryptocurrencies
  • Stake 100+ cryptocurrencies
  • Simple, intuitive user interface
  • Kraken Crypto Watch allows you to keep track of the crypto market
  • NFT trading inside the Kraken app
  • 24/7 customer support via phone, email and live chat
  • Plenty of free educational resources available to users
  • 95% cold storage policy

Cost

  • Trading Fees: 0.16% (spot trades cost 0.26%)
  • Spreads: 0.0003%
  • Fiat Deposit Fee: 0%
  • Fiat Withdrawal Fee: $0 – $5 USD

Best For

Cryptocurrency investors looking to trade with extremely low fees.

3. Moomoo — 16 Free Stocks + $100 In Cash

Moomoo is a US-based online brokerage that offers commission-free trading of stocks, ETFs, options, futures, and foreign exchange. It also offers a variety of other features, including real-time market data, research tools, and a mobile app.

Moomoo users can't buy crypto directly, but you can buy crypto ETFs, and the signup bonus Moomoo is currently offering (up to 16 free stocks + $100 in cash) is too good to pass up.

Features

  • Commission-free trading: Moomoo offers commission-free trading on crypto, stocks, ETFs, options, futures, and forex. This means you don't pay any fees when you buy and sell these assets.
  • Real-time market data: Moomoo offers real-time market data for all of the assets it offers, giving you the most up-to-date information for making smart investing decisions.
  • Research tools: Moomoo offers a variety of research tools, including stock screeners, news articles, and analyst ratings, all right inside its app.
  • Educational resources: Moomoo offers a variety of educational resources, including articles, videos, and webinars to help you to learn more about trading and investing.

Cost

  • Trading fees: 0%
  • Spreads: 0.1% – 0.3%
  • Deposits & Withdrawals: Free

Signup Bonus

Up to 16 free stocks + $100 in cash by using the link below

Best For

Investors looking to trade a wide variety of assets with no trading commissions.

4. Crypto.com

Best For Altcoins
Crypto.com

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.3/5

Crypto.com is a major global player that brings a mature, proven exchange to experienced crypto investors. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com offers some unique features that no other cryptocurrency exchange can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com also has invested an enormous amount of money into its platform's security, making trading with them extremely safe. The exchange is lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Overall, Crypto.com is a solid exchange for investors looking to cash in on brand-new altcoins.

Features

  • Average trading fees (0.4%)
  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Free deposits from all cryptocurrencies

Cost

  • Account Opening: Free
  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

5. Coinhako

Coinhako is a cryptocurrency exchange based in Singapore and with a strong presence in the Asia-Pacific region. Launched in 2014, it surpassed 150,000 active traders by the end of 2020 and reported their largest spike of registered users in 2021; which suggests it could become a major crypto player in Asia.

Coinhako supports 3 fiat currencies, USD, SGD and VND, and 66 of the largest cryptocurrencies, including BTC, ETH, LTC and NEO. It offers preferential OTC trading services for high net-worth individuals and one of its main selling points is its multi-chain-compatible Super Wallet, which allows easy access to crypto from multiple blockchains.

Users can deposit fiat directly to their Coinhako Super Wallet through bank transfers, Visa, or Mastercard. Coinhako users have access to real-time data on all supported currencies and can join a generous points-based Rewards Program; points can be traded for bundles of crypto.

Features

  • Supports 66 cryptocurrencies
  • Multi-chain compatibility
  • User Loyalty Program
  • Crypto Wallet Services
  • Real-time price data
  • OTC services for institutions
  • Rewards Program; Crypto Bundles

Cost

  • Spread: 0.3%
  • Maker’s Fees: 1%
  • Taker’s Fees: 1%
  • Deposit Fees (Crypto): Free
  • Withdrawal Fee (Crypto): Depends on the crypto (0.002 BTC for Bitcoin)
  • Deposit Fees (Fiat): Free
  • Withdrawal Fee (Fiat): $2

Signup Bonus

20% off trading fees

Best For

Investors in the Asia-Pacific region looking for a blockchain-spanning crypto wallet and an attractive Rewards Program.

6. Bitfinex

Based in the British Virgin Islands, Bitfinex is one of the largest crypto exchanges in the world. It supports 180+ cryptocurrencies and offers investors access to research tools, derivatives, margin trading, and several other advanced order types.

Bitfinex prides itself on having very low fees, which drop as low as 0.1% depending on the cryptocurrency you're trading. New crypto traders also appreciate Bitfinex's demo mode and its well-rated, easy-to-use mobile app.

Bitfinex uses 2-factor authentication and has a 95% cold storage policy to keep your assets protected. If you're an advanced trader, you can hook into Bitfinex's advanced APIs and trade algorithmically from there.

New Bitfinex users can currently receive a 6% rebate on all future trading fees.

Features

  • Low trading fees (as low as 0.10%)
  • Access to a risk-free demo mode
  • Supports 180+ cryptocurrencies
  • Highly-rated mobile app 
  • Customer support ticket system via email
  • User-friendly for both beginners and advanced traders

Cost

  • Account Opening: Free
  • Trading Fees: From 0.1% to 0.2%
  • Wire Transfer Fee: 0.1% (min. $60 fee)
  • Debit/Credit Card: Fees depend on the cryptocurrency
  • ACH Transfer: N/A

Signup Bonus

6% fee rebate

Best For

Algorithmic investors looking for easy-to-use trading APIs.

7. Okcoin

Launched in 2013, Okcoin is a California-based American exchange with over 100,000 crypto investors across 190+ countries. It supports 70+ crypto assets, including the biggest like Bitcoin and Ethereum, but also altcoins and lesser-known blockchain protocols.

Okcoin doesn’t charge trading fees – instead, it uses a volume-based fee system, where makers are charged 0.1% – 0.0% (based on the last 30-day trading volume) and takers are charged 0.2% – 0.02%, also based on volume. 

Okcoin is available worldwide and supports SEPA payment deposits in Europe and electronic fund transfers (using the ACH network) in the U.S. One of Okcoin’s best features is its staking platform, where investors can lock in one of the supported cryptos (for a fixed term) and earn up to 17% APY, depending on the asset (10% for BTC).

Fiat deposits using debit cards are on the high side – you can end up paying up 3.99%, so it’s recommended, whenever possible, that you use a different deposit method. Okcoin is licensed in the US and registered with the Financial Crimes Enforcement Network (FinCEN).

Features

  • Supports 70+ cryptocurrencies
  • Quick verification process
  • Set up automatic purchases using dollar-cost averaging
  • Available on Android (4.1/5 rating) and iOS (4/5 rating)
  • Okcoin Earn (Up to 10% APY on BTC deposits)

Cost

  • Trading Fees: Free
  • Spread: 1% – 1.5%
  • Maker’s Fees: From 0.1% to 0.0% (based on trading volume)
  • Taker’s Fees: From 0.2% to 0.02% (based on trading volume)
  • Debit Card Deposit Fees: 3.99%

8. Coinbase

Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

Coinbase was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. The sign-up process is quick, and after you create your account, you will gain access to your personal online wallet.

Originally, Coinbase only supported Bitcoin, but it now supports over 100 of the biggest cryptocurrencies like Bitcoin, Bitcoin Cash, Cardano, Ethereum, and Litecoin. As a new user, you will receive a $10 bonus, and trading fees range from $0.99 to $2.99 for trades below $200 and from 1.49% to 3.99% for trades over $200.

Features

  • Supports 100+ cryptocurrencies
  • Coinbase Pro, access to research tools and graphs
  • Coinbase Earn, earn crypto for free by watching tutorials
  • Manage your crypto from your phone with the Coinbase Wallet app
  • Secure platform, Biometric auth, 2FA and access to Secure Enclave
  • User-friendly for both beginners and advanced traders
  • Earn rewards by staking certain coins

Cost

  • Account Opening: Free
  • Purchase Fees (Below $200): Flat fee, from $0.99 to $2.99 per transaction.
  • Purchase Fees (Over $200): 1.49% (US banks), 3.99% (Debit Card and PayPal)
  • Credit Transaction: 2% 
  • Bank Account:1.49%
  • Wire Transfers: From $10 to $25
  • ACH Transfer: Free

Signup Bonus

$10 signup bonus

Best For

New investors looking for an easy-to-use platform or for veteran investors looking for advanced research tools.

Why you should trust me

  • Experienced
    I bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
  • Unbiased
    All of my selections are supported by multiple data points, including crypto thought leaders, security experts, and Trustpilot reviews.
  • Deep Research
    My team and I spent more than 20 hours researching exchanges before choosing our top picks, and we update them almost daily as the industry continues to change.

What To Look For In A Great Singaporean Crypto Exchange

I consider many different factors in my search for the best Singaporean crypto exchange. Here are just a few of the more prominent ones:

  • Supported coins: The best Singaporean crypto exchanges support a wide variety of coins—at least 20 or 30—including all the major coins like Bitcoin, Ethereum, and Dogecoin. Platforms that add new coins regularly tend to be more customer-focused overall, making this a strong indicator of a forward-thinking exchange.
  • User interface: Choosing a platform with an easy-to-use trading interface is important, especially for beginners. If you're a seasoned crypto investor, you'll also want to look out for exchanges that offer more advanced features like advanced order types and transaction exports for tax purposes.
  • Fees: All crypto exchanges charge fees (both in the form of trading commissions and bid-ask spreads), and they can vary by a wide margin. I've specifically chosen low-fee platforms here to help you maximize your profits.
  • Regulation: It's much safer to trade with a well-regulated exchange than an unregulated one, especially when markets aren't moving in your favour. Depositors' insurance is another safeguard offered by some exchanges, which keeps your assets safe even if the platform itself faces liquidity issues.
  • Deposit & withdrawal options: The exchange you choose should offer a variety of payment methods (bank transfers, debit/credit cards, PayPal, etc.) to ensure you can easily transfer funds in and out of your account. The more options you have, the better.
  • Security: Look for an exchange that strictly enforces multiple layers of security, such as two-factor authentication and at least 95% cold storage. Additional security measures like daily offsite backups, third-party security audits, and email confirmations on transactions make your account even more secure.
  • Customer support: The best crypto exchanges pride themselves on having well-trained, responsive support teams who can help users through any problems that come up. I pay particular attention to the channels each exchange offers support through, response times, the thoroughness and helpfulness of their responses, and user feedback on the customer support they've received.

In Summary

Choosing the best cryptocurrency exchange in Singapore isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Singapore and have made my selections below based on years of research and personal experience.

Capital is my recommended exchange for Singaporean crypto investors, both for its high level of security and for its ease of use. Capital is also offering zero commission fees if you sign up using our referral link, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Singapore, I can’t recommend Capital highly enough.

SIGN UP FOR FREE
Offer ends April 21, 2024.

Best Crypto Exchange Singapore FAQs

Which is the best crypto exchange in Singapore?

The best crypto exchange in Singapore is Capital, which offers zero fee crypto trading and supports hundreds of cryptocurrencies.

Which crypto exchange works in Singapore?

All of the crypto exchanges listed above work in Singapore, including Capital, Kraken, Moomoo, Crypto.com, Coinhako, Bitfinex and Okcoin.

Which Singaporean crypto exchange has the lowest fees?

The Singaporean crypto exchange with the lowest fees is generally one of Capital or Kraken, depending on the specific crypto assets you're trading. In most cases, though, either Capital or Kraken is the cheapest option.

What’s the best crypto wallet in Singapore?

The best crypto wallet is the Ledger Nano S hardware wallet. It is the best way to keep your private keys secure and, more importantly, offline. All Ledger wallets are certified by the French National Agency of Security and are among the safest and most cost-efficient wallets out there, and they support 1,200+ crypto assets, coins, and tokens.

What’s the best altcoin exchange in Singapore?

The best altcoin exchange in Singapore is Crypto.com. Crypto.com supports a wide variety of cryptocurrencies and regularly adds more of the altcoins Singaporean investors are looking for.

What is the safest crypto wallet in Singapore?

The Ledger Nano S is the safest wallet available today. All Ledger wallets far exceed industry standards for security: they use tamper-resistant Certified Secure Element (SE) with Common Criteria (CC) EAL5+ chips on their nanodevices, which means your private key stays on the secure chip. It also has a proprietary operating system called Blockchain Open Ledger Operating System (BOLOS) that's successfully undergone audits from the French National Agency of Security, many other government agencies, as well as regular audits from independent security organizations. 

What's the best way to buy Bitcoin in Singapore?

Buying Bitcoin in Singapore is easy with a reputable crypto platform, though I specifically recommend Capital for its extremely low spreads on Bitcoin (generally around S$50 per Bitcoin, which is around 0.14% at today's prices) and zero trading fees. This keeps much more money in your pocket, making your trades more profitable than if you were to invest with another Singaporean crypto platform.

What’s the safest crypto exchange in Singapore?

The safest cryptocurrency exchange in Singapore is Capital. Capital strictly enforces bank-level security protocols, runs on servers in secure locations around the world, and undergoes frequent financial and security audits to ensure all of their users’ assets are completely safe. Capital also has some of the lowest fees of any platform in Singapore and are known for being a reputable, trustworthy exchange.

How can I sell Bitcoin in Singapore?

There are several different ways to sell Bitcoin in Singapore (like using a crypto debit card to withdraw fiat currency at a Bitcoin ATM), though the easiest is to sell it directly from the crypto wallet or exchange that you’re holding it on. Remember to be cautious when transferring coins between wallets since blockchain transactions are irreversible.

What crypto exchange is best for beginners in Singapore?

The best crypto exchange for beginners in Singapore is either Capital or Kraken. Both are ideal for beginners because they verify accounts instantly, have an easy-to-use trading platform and provide great customer support in case you need any help along the way.

Is trading cryptocurrency legal in Singapore?

Yes, trading cryptocurrency is legal in Singapore: you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Singapore, which means the Singaporean government and Singaporean businesses are not legally obligated to accept it as payment for goods and services.

What’s the best crypto app in Singapore?

The best crypto app in Singapore is Kraken. The Kraken mobile app is easy to use, has a nice, modern interface, and has very good ratings and reviews on both the Apple App Store and the Google Play Store.

What is the best crypto exchange for day trading in Singapore?

The best crypto exchange for day trading in Singapore is either Capital or Kraken, since they have low trading fees, tight spreads, and their prices update multiple times per second, giving day traders an upper hand over the rest of the market.

Can the Singaporean government track cryptocurrency?

Yes, Singaporean tax authorities can track cryptocurrency trades and transactions—and not only when your digital assets interact with real-world institutions like banks. Some exchanges in Singapore are required by law to provide the government with information about their users’ transactions, including purchase price, purchase date, sale value, and all associated KYC data. If your tax returns don’t match the data the government receives from these exchanges, you may receive a fine.

Is there a list of approved cryptocurrency exchanges in Singapore?

While there's no official list of approved cryptocurrency exchanges in Singapore, all of the exchanges listed above have registered with the Monetary Authority of Singapore (MAS) and comply with its rules and regulations. We've personally vetted each of the exchanges on this list, and we're confident that our top pick, Capital, is the best cryptocurrency exchange available in Singapore.

What is the most reputable crypto exchange in Singapore?

The most reputable crypto exchange in Singapore is Capital. Capital is regulated by the Financial Conduct Authority in the UK and the Australian Securities and Investments Commission (ASIC), making it a trustworthy, reputable exchange for Singaporeans looking to buy and sell cryptocurrency.

Is Coinhako safe to use in Singapore?

Yes, Coinhako is safe to use in Singapore: it's regulated by the Monetary Authority of Singapore (MAS) and has a good track record of security. Coinhako uses a variety of security measures to protect its users' funds, including cold storage, two-factor authentication, and device whitelisting.

However, we don't recommend Coinhako as one of the best crypto exchanges in Singapore, and if you're looking for a better overall crypto trading experience, you should go with Capital or Kraken instead.

Is Coinhako a Singaporean company?

Yes, Coinhako is a Singaporean company. Coinhako was founded in 2014 by two Singaporeans, Ronny Teo and Eric An, and its headquarters are located in the heart of Singapore's financial district.

How can I buy Ethereum In Singapore?

To buy Ethereum (ETH) in Singapore, you'll need to follow these steps:

  1. Choose a cryptocurrency exchange: Our top-ranked crypto exchanges in Singapore are Capital and Kraken, both of which support Ethereum trading.
  2. Open your account: Visit the website of your chosen exchange and sign up for an account. Provide the required personal information and complete any necessary verification processes. This typically involves verifying your identity by submitting identification documents, such as a passport or driver's license.
  3. Deposit funds: Once your account is verified, you'll need to deposit funds into your exchange account. All of the exchanges above offer various funding options, including bank transfers, credit/debit cards, or other cryptocurrencies. Choose the most convenient method for you and follow the instructions to deposit Singapore dollars (SGD) or any other supported currency.
  4. Place your first order: After your funds have been successfully deposited, go to the trading section of the exchange, look for the Ethereum (ETH) trading pair (something like ETH/SGD or ETH/BTC), specify how much Ethereum you wish to purchase, and place your buy order.

Earn $347 From Our First Email