How to Buy Bitcoin and Crypto in Singapore
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
If you’re interested in buying Bitcoin and other cryptocurrencies in Singapore, here’s a step-by-step guide to help you get started:
Choose a reputable cryptocurrency exchange: Look for a trustworthy exchange that operates in Singapore and has a good reputation in the industry. Some popular exchanges in Singapore include Binance, Coinbase, and Gemini.
Create an account: Once you have chosen an exchange, create an account by providing your personal information and completing the verification process. This is necessary to comply with Singapore’s regulations and ensure the security of your funds.
Add funds to your account: To start buying Bitcoin and crypto, you will need to add funds to your account using a bank transfer or credit/debit card. Each exchange has its own deposit methods and fees, so make sure to check these before making a deposit.
Buy Bitcoin and crypto: Once you have funded your account, you can buy Bitcoin and other cryptocurrencies using Singapore dollars or other fiat currencies. You can also trade these cryptocurrencies against other digital assets, such as Ethereum or Litecoin.
Store your cryptocurrencies: It is important to keep your cryptocurrencies safe by storing them in a secure wallet. You can choose between a hardware wallet, such as Ledger or Trezor, or a software wallet, such as Exodus or MyEtherWallet.
Stay up-to-date with regulations: The Monetary Authority of Singapore (MAS) has established guidelines for the regulation of cryptocurrencies and initial coin offerings (ICOs). Be sure to keep up-to-date with these regulations to ensure that you are complying with the law.
It’s important to keep in mind that buying and trading Bitcoin and cryptocurrencies can be risky, and it is important to do your own research, understand the risks involved, and invest only what you can afford to lose. Additionally, be aware of Singapore’s cryptocurrency regulations and make sure to comply with them to avoid any legal issues.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.