Buy Bitcoin in Singapore

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CoinbaseCoinbase Buy Bitcoin Read Review

Residents of Singapore can purchase bitcoins on Coinbase using three payment options - credit card, debit card, or bank transfer.

Once your Coinbase account is verified, you will be given the account information that will be used to make a bank transfer deposit. This is done through Xfers Transfers. Coinbase claims that deposits clear within a few minutes, and that there are no deposit fees. Once you deposit Coinbase charges 1.49% to purchase coins.

If you are buying with a credit card or debit card, there is also a required identity verification. Fees for buying with a credit card or debit card are 3.99%.

If you purchase more than $100 USD (~136.24 SGD) worth of bitcoins through this link then you get $10 USD (13.62 SGD) worth of bitcoins for free!

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with credit card or debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
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CoinMamaCoinMama Buy Bitcoin Read Review

CoinMama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using CoinMama? This step-by-step guide will show you how to use CoinMama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
High
Reputation
Average
Limits
High
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GDAXGDAX Buy Bitcoin Read Review

Coinbase's exchange, GDAX, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. GDAX offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
  • Sending bitcoins directly from GDAX to any legally-questionable site may result in closure of your account
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
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LunoLuno Buy Bitcoin

Luno is a universal Bitcoin platform that provides secure exchanges where people can buy/sell Bitcoin. Luno is currently offering Zero fee trading in Singapore for a limited time period until January 2017.

Pros
  • One of the most trusted Bitcoin exchanges in Asia
  • Free deposits and low withdrawal fees
  • Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
  • High to infinite limits for exchange, depending on verification level
Cons
  • Users should not store bitcoins in Luno's wallet service
  • Limited deposit options, usually only bank transfer, and no credit/debit card options
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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CoinHakoCoinHako Buy Bitcoin

CoinHako is a Bitcoin broker based in Singapore, backed by investors from the USA. They accept bank transfers from Singapore or Malaysia and international bank wires. You can also top up your CoinHako account using Xfers, which allows you to buy bitcoins within 10 minutes.

Pros
  • Super fast way to purchase bitcoins in Singapore
  • Fees are reasonable at 0.9%
  • Small amounts of bitcoin may be purchased without verficiation
  • Trusted and established exchange
Cons
  • Not private for larger amounts since identity verification is required
  • Xfer limit is only 100 SGD without verification
  • Other payment methods have a limit of 200 SGD without verification
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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FYB-SGFYB-SG Buy Bitcoin

FYB-SG is a Bitcoin exchange based in Singapore, the first to be established there. You can fund your exchange account via online bank transfer for a 0% fee or via cash deposit.

Pros
  • Low fees; exchange only charges 0.6% per trade
  • Market makers receive a 50% fee discount for a super low 0.3% fee
  • Instant deposit and withdrawal options for SGD
Cons
  • Not private since identity verification is required, this process can be as quick as 30 minutes
  • Single payment method
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Average
Limits
High
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Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
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VirWoXVirWoX Buy Bitcoin Read Review

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.

This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.

Pros
  • The easiest and basically only way to purchase bitcoins with PayPal or Skrill
Cons
  • Comes with a price: it will cost around 10% in fees to buy with PayPal
Ease of Use
Hard
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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ShapeShiftShapeShift Buy Bitcoin

ShapeShift lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. ShapeShift works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because ShapeShift never actually controls your tokens but just exchanges them.

Pros
  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
Cons
  • Need altcoins or other digital tokens to use
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
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bitcoin-otcbitcoin-otc Buy Bitcoin

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

Pros
  • Can be a good way to find Bitcoin sellers if no other options exist
Cons
  • Need to keep eye out for scams
  • Need to build trust and feedback for your account before trading larger amounts
Ease of Use
Hard
Privacy
High
Speed
Varies
Fees
Varies
Reputation
Trusted
Limits
High
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