Singapore is a major financial hub that’s seen a rise in crypto adoption. With up to 93% of its population having moderate insights in the crypto industry, investors are looking for the best crypto exchange in Singapore.
This guide provides details on some of the most reputable and secure crypto exchanges along with the factors to consider when choosing a crypto exchange.
The Best Crypto Exchanges Singapore for 2022
Looking for the best crypto exchange in Singapore? We have compiled a comprehensive list of the top exchanges to consider when investing in cryptocurrencies. They include:
- Crypto.com – Overall Best Crypto Exchange in Singapore
- Capital.com – Most Technologically Advanced Exchange
- Binance – Cheapest Platform to Buy Crypto Assets
- Coinbase – Best Crypto Platform for Beginners
- Independent Reserve – Most Secure Crypto Exchange
- Zipmex – Most User-friendly Exchange
Cryptoassets are a highly volatile unregulated investment product.
The Top Bitcoin Exchanges in Singapore Reviewed
Our review was graded based on their security, fees, regulations and technology. Here are the biggest crypto exchanges in Singapore with emphasis on the factors listed above:
1. Crypto.com – Overall Best Crypto Exchange in Singapore ![crypto.com logo]()
Crypto.com is a global cryptocurrency exchange based in Singapore. The exchange was founded in 2016. Foris DAX Asia Pte. Ltd., a Singapore-based subsidiary of Foris DAX MT (Malta) Limited, owns the trademark.
The firm is the first fintech company to achieve the coveted Data Protection Trust Mark (DPTM) awarded by the Singaporean Infocomm Media Development Authority (IDMA).
Trading, investing, and staking can be facilitated at a reasonable price and accounts with a significant holding in CRO (Crypto.com’s native crypto asset) can receive discounts.
On Crypto.com, the maker and taker fees are 0.4% for level one users and 0.35% for level two users. CRO holders will see a 10% reduction in maker and taker fees, bringing the pricing down to 0.36% for level one traders and 0.315% for level two traders. The withdrawal fee is calculated differently depending on the asset.
Crypto.com’s minimum deposit is dependent on the fiat currency deposited and the payment method used. The Crypto.com exchange supports over 250 cryptocurrencies for trading, as well as 600 cryptocurrencies in its DeFi wallet.
To purchase assets, credit/debit cards, bank accounts, Crypto.com Pay, or an ERC-20-compatible wallet are supported on the platform.
We consider Crypto.com as the best Singapore crypto exchange, as it caters to both inexperienced and seasoned traders.
Crypto.com has implemented appropriate data protection measures for their personal data, in accordance with Singapore’s Personal Data Protection Act (PDPA). The platform also incorporates features of worldwide standards and best practices.
The exchange keeps a huge chunk of its crypto funds in cold storage for safety reasons. While the fiat currency of users is held in custodial bank accounts. Multi-factor authentication (MFA) is also used on the platform to ensure that hackers do not gain access to customer funds.
Pros:
- Wide range of assets
- Suitable for beginner and expert traders.
- User-friendly
- Free deposits
Cons:
- Complex withdrawal fee structure
| Exchange | Number of Cryptocurrencies | Pricing Structure | Deposit Fees | Minimum Deposit |
| Crypto.com | 250+ | Maker – Taker Fees | Nil | Dependent on the fiat currency deposited and the payment method used |
Cryptoassets are a highly volatile unregulated investment product.
2. Capital.com – Most Technologically Advanced Exchange ![]()
Capital.com is the best alternative to Crypto.com as one of Singapore’s most technologically advanced cryptocurrency exchange and CFD platforms. The platform enables users to trade the world’s largest and most popular markets via contracts for difference (CFD), and it employs Artificial Intelligence (AI) to enhance the trading experience. Looking to invest in cryptocurrency with ease, Capital.com is a suitable option.
The minimum deposit on Capital.com is SGD 20 and the withdrawal limit is SGD 64. In addition, the firm offers zero-fee services on all trading activities, deposits and withdrawals.
Capital.com uses the Buy/Sell spread model to generate income. This is the difference between the buy and sell prices and it is usually incorporated into the quoted rate. In terms of user experience, Capital.com has a straightforward user interface that’s easy to navigate.
Users can trade more than 400 cryptocurrencies through the fintech exchange. This means investors can buy Bitcoin and a host of other digital assets. In addition to a wide range of cryptocurrencies, Capital.com accepts funding options such as debit/credit cards, wire transfers, and other alternative payment methods such as ApplePay, Giropay, and iDeal.
The minimum deposit on Capital.com is SGD 20 and the withdrawal limit is SGD 64. In addition, the firm offers zero-fee services on all trading activities, deposits and withdrawals. Capital.com is regulated by many top-tier regulators, making it a top licensed global exchange. This includes securing approval to operate from the United Kingdom’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Markets in Financial Instruments Directive(MiFID).
Pros:
- 0% commission trades
- Highly regulated
- AI technology-driven platform
- Excellent educational content.
Cons:
- No price alerts on the web platform
| Exchange | Number of Cryptocurrencies | Pricing Structure | Deposit Fees | Minimum Deposit |
| Capital.com | 400+ | Spreads, overnight fees | Nil | SGD 20 |
Cryptoassets are a highly volatile unregulated investment product.
3. Binance – Cheapest Platform to Buy Assets
Binance is regarded as one of the best Bitcoin exchanges in Singapore, offering a wide range of earning opportunities to investors. This exchange offers a robust earning program that employs a variety of decentralized financial products such as DeFi staking, yield farming, etc.
The platform has thousands of customers utilizing its trading services due to its low fees.
Binance charges an unusual 0.10% trading fee, while holders of its native token Binance Coin (BNB) pay a discounted rate of 0.075% for level one trades.
The crypto exchange is user-friendly and easy to use. New customers can easily get the hang of the platform in less than 10 minutes of signing up.
The minimum deposit on the platform is SGD 13. On Binance, crypto users are spoilt for choice when it comes to funding options. Users can deposit using bank wire transfers, credit/debit cards, peer-to-peer (P2P), and e-wallet alternatives.
Binance offers over 600 crypto assets to investors, who can trade them using spot, margin, futures, or perpetual trading options.
Binance abides by the regulatory policies of the countries in which it conducts business and while it offers trading services in Singapore, it’s not licensed to operate in the country.
The exchange protects user data with two-factor authentication, advanced data encryption, whitelisting, and a SGD 980 million Secure Asset Fund for Users (SAFU).
Pros:
- Diverse earning opportunities
- Wide range of crypto assets
- Low trading fees
Cons:
- Not suitable for beginners
| Exchange | Number of Cryptocurrencies | Pricing Structure | Deposit Fees | Minimum Deposit |
| Binance | 600+ | Maker – Taker fees | Nil | SGD 13 |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection
4. Coinbase – Best Crypto Platform for Beginners
Coinbase is a user-friendly platform that focuses more on the needs of inexperienced Singaporean traders. The platform offers learning programs to help novice crypto investors learn trading strategies and the fundamentals of cryptocurrencies.
Coinbase is one of the top cryptocurrency exchanges in Singapore, with reasonable fees. The minimum deposit on the crypto exchange is SGD 2.7 in digital currency denominated in the investor’s local currency.
Fees on the crypto platform are calculated at the time of order placement and are determined by a number of factors. Some of these factors include payment method, order size, and market conditions. Coinbase charges 2% on all crypto trades.
Automatic Clearing House (ACH) transfers, Debit cards, Apple Pay, Google Pay, Wire Transfer, and PayPal are all supported payment options available on the platform. Investors can use these methods to access 172 cryptocurrencies.
Coinbase abides by the Bank Secrecy and is registered as a Money Services Business, regulated by the Financial Crimes Enforcement Network (FinCEN). The platform is also regulated by the Financial Conduct Authority (FCA). However, Coinbase Singapore is not regulated by the Monetary Authority of Singapore (MAS) but instead operates under a licensing exemption.
To enhance security, the trading platform stores 98% of deposits in safe cold storage. The platform uses Multi-factor Authentication (MFA), which includes hardware key support, for all accounts.
Pros:
- Low minimum fee
- Highly intuitive platform
- Very secure
| Exchange | Number of Cryptocurrencies | Pricing Structure | Deposit Fees | Minimum Deposit |
| Coinbase | 172+ | Commission, maker-taker fees, instant buy fees, 0.5% spread cost | Depends on payment method, order size and market condition | SGD 2.7 |
Cryptoassets are a highly volatile unregulated investment product.
5. Independent Reserve – Most Secure Crypto Exchange
Independent Reserve is a popular platform that is focused on creating the most secure and trusted way of investing in cryptocurrencies and is rated one of the best crypto exchanges in Singapore.
The platform aims to transform…
