Best crypto apps in Singapore for May 2022

Singapore is a hotbed for crypto activities and Bitcoin exchanges. While there are several options on tap, picking the best crypto apps in Singapore can be difficult.

If you are based in Asia’s most crypto-friendly region and want to dive into the crypto space, this guide should come in handy. We will compare some of the best crypto apps in Singapore while highlighting their unique services, fees, supported crypto, ease of use, and payment methods. Let’s begin!

Cryptoassets are a highly volatile unregulated investment product.

The Best Cryptocurrency Apps in Singapore Reviewed

Highlighting some of the best crypto trading apps in Singapore is one thing. The critical issues surrounding them are their fees, minimum deposits, cryptocurrencies supported, and ease of use.

In this section, we provide all these details and more about the top crypto exchanges in Singapore for 2022:

1. Crypto.com – Overall Best Crypto App In Singapore For Security

Crypto.com offers one of the best crypto security features in the industry making its app our best crypto app in Singapore for safe crypto trading.

The Bitcoin exchange, supervised by the Malta Financial Security Authority(MFSA), operates under the Foris DAX Asia platform with oversight from the Monetary Authority of Singapore (MAS).

Looking to buy Bitcoin in Singapore securely? Crypto.com safeguards users’ funds with multi-factor authentication (MFA), address whitelisting, and the storage of more than 90% of funds in cold wallet storages. Users’ fiat currencies are also held in regulated custodian bank accounts to the tune of $250,000.

Crypto.com offers access to over 250 top-performing digital assets including the best meme coins and allows users to access over 600 coins on its DeFi Wallet app. New users can get started with as little as $20 or 27.7 Singaporean Dollars (SGD).

Fees on the platform are offered in a tiered system. Level 1 users are charged a trading fee of 0.4% for maker and taker fees. This is slashed to as low as 0.09% for Level 9 users. All Cronos token holders get to enjoy a 10% discount on their trading fees.

To fund an account, investors can use bank wire transfer, credit/debit cards, e-wallet solutions like PayPal, and StraitX transfers. Crypto.com also offers up to 8% crypto cashbacks for transactions executed using its Crypto.com Visa Crypto Card.

Essentially, Crypto.com offers one of the best crypto apps for Android and iPhone devices.

Cryptoassets are a highly volatile unregulated investment product.

2. Capital.com – Best Singapore Crypto App For Commission-free Trading

Capital.com, one of the best altcoins exchanges, is a multi-asset financial services broker. The broker is unique for its zero-commission trading system. This makes Capital.com’s app one of the best Singapore crypto apps.

Capital.com does not charge deposit and withdrawal fees, and new crypto users can get started with as little as 27.63 SGD. However, Capital.com charges overnight fees based on the leverage selected by the user.

Users can make deposits on the platform using bank wire transfer. They can also buy BTC with credit card, Skrill, Neteller, and other e-wallet solutions.

Capital.com has a rich library of 450+ digital assets. However, users can only trade crypto CDs – financial derivative instruments that track the price movement of an underlying asset.

Crypto CFDs are becoming increasingly popular especially for investors interested in day trading crypto, as they are more conventional and do not require investors to store the underlying asset.

To ensure security, Capital.com operates under oversight from the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the UK’s Financial Conduct Authority (FCA). Capital.com does not have a license from the MAS, but all clients’ funds are kept in a separate bank account from the company’s funds.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best App to Buy Bitcoin In Singapore For Beginners

Coinbase is another top option for users interested in the best crypto apps in Singapore. Due to its focus on new users, Coinbase is often regarded as the best trading platform for beginners.

The platform offers rich educational materials and incentivises users to learn by rewarding them for completing their learning programmes.

New users can invest in cryptocurrency with as little as 2.76 SGD. Users can deposit using bank wire transfers, credit/debit cards, and supported e-wallet solutions.

As fees, Coinbase charges 0.5% to 5% depending on the size of the trade, stipulated asset, and the current network fees.

In terms of security, Coinbase offers two-factor authentication (2FA), offline crypto storage, and bank-level security. Insurance coverage for users also sees them able to redeem up to $250,000 of their fiat deposits in the event of a hack.

Coinbase is regulated by the Financial Crimes Enforcement Network (FinCEN) and the UK’s FCA.

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Top Crypto App With Deep Liquidity And Low Fees

Binance is known worldwide as the world’s largest digital asset exchange. The Bitcoin exchange currently processes trades worth billions of dollars every 24 hours.

Binance’s success is largely tied to its deep liquidity and low fees. Users can easily trade over 600 digital assets without any issues.

The exchange offers one of the lowest fees in the crypto space. Level 1 users are charged a negligible fee of 0.10%, for trades, which can be reduced by 25% for Binance Coin (BNB) holders.

The minimum deposit starts at 13.82 SGD, and investors can fund their accounts using bank wire transfers, credit/debit cards, peer-to-peer (P2P), and crypto transfers. While order fees for StraitX users stand at 0.6%, crypto deposits are free.

Binance secures funds using 2FA, address whitelisting, and offline crypto storage. In terms of regulation, the exchange has regulatory clearance from most of the regions it operates.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

5. Bitpanda – Best App To Buy Crypto Index

Bitpanda offers trading access to an industry-leading crypto index, including the BCI5, BCI10, and BCI25 crypto indices. As a result, users can easily diversify their portfolios across top-performing digital asset classes.

The platform also offers access to 100+ digital assets, and users can get started with 25 Euros (about 36.42 SGD).

Deposit methods on Bitpanda include bank wire transfer, credit/debit cards, Skrill, Neteller, and other e-wallet solutions. The deposit flexibility makes the platform’s app one of the best crypto apps in Singapore.

For fees, Bitpanda charges a flat 1.49% for opening and closing trades. However, Bitpanda Pro offers a more inexpensive trading experience and users can pay as little as 0.1% in fees.

The platform is clean-cut and user-friendly, enabling users to easily place trades within minutes.

Also, Bitpanda is regulated by the Austrian Financial Market Authority (FMA).

6. Zipmex – Top Crypto App With Reasonable Fees

Zipmex needs no introduction as the digital asset trading platform offers one of the best crypto trading apps in Singapore. Launched in 2018, The Bitcoin exchange allows users to buy, sell, and exchange over 60 digital assets.

Zipmex is becoming popular due to its low fees. The Bitcoin exchange offers a trading fee of 0.2%. Users can further reduce their trading fees by holding a minimum of 100 ZMT, the platform’s native token, ensuring VIP Level 1 users enjoy a 10% discount on their trades.

Zipmex charges zero fees for crypto deposits and SGD deposits. However, withdrawals are subject to the cryptocurrency in question, and SGD withdrawals are charged at 0.3%.

Zipmex operates under an exemption umbrella for digital payment token (DPT) payment service providers. The platform is user-friendly and the trading interface is clean-cut and easy to navigate.

Top Singapore Crypto Apps Compared

If you are looking for a brief overview of the best crypto apps in Singapore, this table should help.

How to Choose the Best Crypto App for You

If you are keen on selecting the best choice for you, we recommend weighing each app against…