We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
Independent Reserve
Established in 2013, Independent Reserve is one of the most trusted exchanges in Singapore. It is the first crypto exchange catering to retail and institutional investors to receive a license from the Monetary Authority of Singapore (MAS).
It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using Xfers or foreign currency via SWIFT. You can buy Bitcoin, Ethereum and dozens of other coins.
Independent Reserve offers an OTC desk for large purchases over SGD $100,000 to $10’s of millions.
Visit Independent Reserve's Website
Coinbase Advanced Trader Coinbase's exchange, Coinbase Advanced Trader (formerly called 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 Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate. Visit Coinbase Advanced Trader's Website
Paybis Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.
CoinHako 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.
Bitcoin ATMs 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%. View Bitcoin ATMs
-
Singapore has a highly-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.(1)
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.(2)
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 networks, including Bitcoin's.
Hodlnaut, an exchange headquartered in Singapore, is under investigation after losses associated with the FTX bankruptcy and Terra system collapse(3). It is thought that Hodlnaut has lost almost $200 million in investments in these two entities. Police are looking into fraud by the company and its directors.
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, allowing you to 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 that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet).
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. You can locate Bitcoin ATMs in Singapore using our Bitcoin ATM Map.
-
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.(4)
-
Citizens of Singapore can convert and buy cryptocurrencies with fiat. Supported payment methods are:
Singapore offers few ATMs for its citizens to buy Bitcoins with Cash.
You can use our Bitcoin ATM finder tool to find the one nearest you.
Bitcoin prices are changing every second.
The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.
You could also use a service like eGifter to sell your Bitcoin for gift cards.
BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.
Coinbase 