Buy Bitcoin & Crypto in Singapore

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  • Popular Exchanges to Buy Bitcoin & Crypto in Singapore
  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Luno
    • Special support for Nigeria, Malaysia, Singapore, South Africa, Indonesia
    • Bank transfer supported
    • Trusted exchange

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

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

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

LunoLuno Buy Bitcoin Read Review

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.

We may receive compensation when you use Luno. Please visit Luno for its exact pricing terms.

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
  • Only supports Bitcoin and Ethereum
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Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

CoinbaseCoinbase Buy Bitcoin Read Review

Residents of Singapore can purchase bitcoins on Coinbase using three payment options - 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 debit card, there is also a required identity verification. Fees for buying with a debit card are 3.99%.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

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

Coinbase ProCoinbase Pro Buy Bitcoin Read Review

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

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

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
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Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. 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, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

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 icon
Ease of Use
Hard
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Bitcoin Read Review

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
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Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin

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
Buy Bitcoin

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Bitcoin & Cryptocurrency Trading in Singapore


Singapore has a higly-developed, free-market economy. There is almost no corruption in Singapore, being ranked the 4th-least corrupt country in the world according to the corruption perceptions index. Due to its political stability and strong, clear laws, Singapore has managed to attract foreign direct investment in recent years.

The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial services regulator, has clarified that it doesn’t see the need to regulate cryptocurrencies yet, though it has taken steps to warn investors about potential risks.

As it stands, cryptocurrency exchanges in Singapore need to comply with the MAS’ anti-money laundering and financial terrorism measures. The regulations were given a formal face with the recent payment services regulation that has been put in place to keep a check on risks across different payment platforms, including Bitcoins


Singapore city state

One of the easiest ways to buy Bitcoin in Singapore is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Singapore, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Another way to buy Bitcoins in Singapore is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. This makes them more private than exchanges. You can locate Bitcoin ATMs in Singapore using our Bitcoin ATM Map.




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Top Bitcoin & Cryptocurrency Exchanges in Singapore


Singapore has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Singapore
  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Luno
    • Special support for Nigeria, Malaysia, Singapore, South Africa, Indonesia
    • Bank transfer supported
    • Trusted exchange

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Best Bitcoin Wallets for Singapore



There are three main types of Bitcoin wallet and all of them are supported in Singapore:

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

atomic wallet logo

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Exchange Hacks and Crypto Scams in Singapore


KuCoin Scam

In September of 2020, Cryptocurrency exchange KuCoin reported a hack resulting in $281 million worth of lost coins. Kucoin first noticed the hack after large withdrawals were made from its hot wallets.

As an immediate action, Kucoin started a security audit and discovered an initial loss of an $150 million in Bitcoin Assets, ERC-20 and other types of tokens.



KuCoin is still investigating the security incident, and posting updates, as well as monitoring a list of suspicious addresses.


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FAQ


Does Coinbase work in Singapore?

Citizens of Singapore can convert and buy cryptocurrencies with fiat. Supported payment methods are:

  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in Singapore?

Singapore offers few ATMs for its citizens to buy Bitcoins with Cash.



What is the price of Bitcoin in Singapore?

The current price of Bitcoin in Singapore is SGD47,950.50, however this amount changes every minute, so always check the value on your local exchange.



How do I cash out of Bitcoin in Singapore?

Any exchange with a Singapore dollar trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has SGD trading pairs for many popular coins.

Another way to sell Bitcoins in Singapore is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in Singapore using our Bitcoin ATM Map.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.



You could also use a service like eGifter to sell your Bitcoin for gift cards.