If you like to buy cryptocurrencies with credit card, I'll highly recommend Changelly.
Most Popular Exchanges in Singapore
For credit card payments, it searches though several payment processors and gives you the best rate, like what Skyscanner does for flight ticket. The main value proposition for Changelly is the simple UI where even the creation of an account is optional! One thing to take note is to compare the rates you have been quoted to other exchanges as well so that you do not get shortchanged. Unlike the other exchanges, the exchange rate for buying or swapping tokens are not fixed.
Liquid, formerly known as Quoine, is one of my favorite exchange since You can easily deposit tens or hundreds of thousands dollars of funds to Liquid. For an exchange that deals with SGD directly, it has the lowest trading fees at 0. On top of the regular exchange Liquid also provide a range of innovative products like perpetual swaps and leveraged trading. In theory you could have up to x leverage on your positions.
To fund for those leveraged positions, Liquid has a lending market which allows you to lend out your SGD or cryptocurrencies safely to other traders.
In return you will earn interest rates when those trader borrows your funds! That said, there is nothing stopping you from buying at Liquid and cashing out your earnings via CoinHako by transferring your coins there. Now that you have seen how different the exchanges are, you might have an idea of which will suit your needs. Below is a quick summary table of the few points I've discussed. Complete guide to buying Bitcoin, Ethereum or other cryptocurrencies in Singapore 31 Aug, Be notified!
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Best Places to Buy Bitcoin in Singapore
It's large platform allows it to have low fees and spreads. Founded in , Bittrex was a mainstay of crypto trading during the bull market. It has many cryptocurrency paiirs and now even allows Fiat on boarding. Paymium is one of the oldest exchanges in Europe.
Buy Bitcoin in
It is compliant with all EU regulations and is extremily well trusted. Paymium is based in France and supports several payment methods, including SEPA transfers and credit card purchases. EU based exchange supporting 15 different fiat trading pairs and dozens of coins beyond Bitcoin. This is one of the more established exchanges with a long track record and a clean UI that is easy for newbies and veterans alike. In , the Monetary Authority of Singapore MAS came out with a relatively hands-off approach to the introduction of Bitcoin and other cryptocurrencies by claiming that businesses wanting to accept Bitcoin in exchange for goods and services should be allowed to do so as it is a commercial decision and NOT a decision in which the Monetary Authority should be involved.
In fact, MAS has warned users of the risks associated with exchanging unregulated currencies digitally, pointing out that if Bitcoin for example ceases to operate, there would likely not be any party responsible for refunding those seeking recourse. Perhaps in an effort to address this above claim, on August 1, , MAS delivered a follow-up statement clarifying that they would, after all, impose some government regulation over cryptocurrencies to ensure safeguards were in place.
Businesses that offer or issue digital tokens, including Bitcoin and initial coin offerings ICOs , would be regulated by the MAS, provided that such crypto-tokens fall within the definition of "securities" regulated under Singapore's security laws. Nowadays, buying Bitcoin in Singapore is typically achieved in one of two ways: users can either go online to one of many bitcoin exchanges, or they can visit any local ATM and exchange Singapore dollars Bitcoin instantly.
Anybody looking to deal with a cryptocurrency like Bitcoin must have a dedicated wallet for storing their assets. Some of the most popular exchanges for buying Bitcoin in Singapore include Coinmama , eToro , and Luno. Updated: 2nd March Most Popular Exchanges in Singapore.
21 Best Places to Buy Bitcoin & Crypto in Singapore
Coinmama Founded Buy Bitcoin with Coinmama. Kraken Founded Buy Bitcoin with Kraken. Best for Buying. Best for Trading.
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- CoinHako - Perfect for the everyday Singaporean.
Founded Coinmama Popular Founded Coinmama Popular Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards. CONS Higher fees than some other exchanges.
Buy and sell directly using your domestic-currency, and payment methods.
Kraken Popular Founded Kraken Popular Started in , Kraken was one of the first Bitcoin exchanges. Electrum Multi-feature desktop wallet that works with hardware wallets. Visit Website Electrum is a Bitcoin-only desktop wallet that offers many advanced features for higher level users.
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Binance Founded Binance Binance's US arm has fewer currency pairs than thier main exchange, but still has a solid offering. CONS Slow withdraw times. Huobi Global Founded Huobi Global Huobi is based in Singapore and was first popular with Asian Crypto traders; however it has since grown a worldwide user base. BitMEX Founded BTCC Founded LocalCryptos Founded LocalCryptos LocalCryptos is a Peer to Peer exchange that escrows funds, allowing two parties to trade cryptocurriences with no prior knowledge of each other.
CONS Can be slow. Trade speed depends upon the speed of the other party, not LocalCryptos. Bittrex Founded Bittrex Founded in , Bittrex was a mainstay of crypto trading during the bull market.
Paymium Founded Paymium Paymium is one of the oldest exchanges in Europe.
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