Cryptocurrency trading has become increasingly accessible in Singapore, thanks to a clear regulatory framework established by the Monetary Authority of Singapore (MAS). While digital assets are not considered legal tender, MAS-licensed platforms provide a secure environment for residents to trade cryptocurrencies using Singapore Dollars (SGD). With a growing number of exchanges offering diverse features, selecting the right one can significantly impact your trading experience.
This guide explores the top crypto exchanges in Singapore, highlighting their key features, fees, supported assets, and regulatory compliance. Whether you're a beginner or an experienced trader, you'll find valuable insights to help you make an informed decision.
Top Crypto Trading Platforms in Singapore
The best crypto exchanges in Singapore combine strong security, low fees, SGD deposit options, and MAS licensing. Below is a curated list of trusted platforms that cater to a wide range of investors.
1. Independent Reserve
Independent Reserve stands out as one of the most reliable crypto exchanges in Singapore. Operating since 2013, it serves over 400,000 users and offers advanced trading tools such as limit orders, dollar-cost averaging, and API access for algorithmic traders.
Holding a Major Payment Institution license from MAS, Independent Reserve ensures high regulatory compliance and robust security. Its OTC desk supports large-volume trades (from $50,000 to $50 million) with minimal slippage, making it ideal for institutional and high-net-worth investors.
- Trading Fees: 0.5% to 0.02%, with free SGD deposits
- Supported Cryptocurrencies: 30+
- Regulation: Fully licensed by MAS (License No: PS20200517)
- SGD Deposit Methods: PayNow, FAST, local bank transfers
👉 Discover a secure and regulated platform for advanced crypto trading.
2. Coinhako
Coinhako is one of the most user-friendly exchanges in Singapore, trusted by more than 400,000 users. It’s especially popular among beginners due to its intuitive interface and straightforward onboarding process.
With over 200 cryptocurrencies and 100+ trading pairs, Coinhako offers broad market access. It’s also SOC 2 certified and fully regulated by MAS, ensuring strong data protection and financial safeguards.
- Trading Fees: Approximately 0.6% per trade
- Supported Cryptocurrencies: 200+
- Regulation: MAS-licensed (License No: PS20200556)
- SGD Deposit Methods: PayNow, FAST, credit/debit cards, GrabPay
Coinhako also provides institutional-grade custody solutions, making it suitable for corporate clients and family offices.
3. Gemini
Founded by the Winklevoss twins in 2014, Gemini has built a reputation as a premier exchange for institutional investors. Its Gemini ActiveTrader® platform offers real-time market data, advanced order types, and customizable dashboards.
The exchange undergoes regular SOC 1 and SOC 2 audits by Deloitte and adheres strictly to MAS regulations. Gemini supports SGD deposits via FAST transfers and wire transfers, streamlining access for local users.
- Trading Fees: Starts at 0.2%
- Supported Cryptocurrencies: 70+
- Regulation: In-Principle Approval (IPA) from MAS
- SGD Deposit Methods: FAST and bank wire transfers
Gemini also offers a crypto credit card and futures trading, enhancing its appeal to active traders.
4. Coinbase
Coinbase is one of the safest and most feature-rich exchanges available in Singapore. With over 210 cryptocurrencies and seamless Singpass integration for identity verification, it enables quick and secure account setup.
Its subscription service, Coinbase One, offers zero trading fees on transactions up to S$10,000 monthly and enhanced USDC staking rewards—ideal for frequent traders.
- Trading Fees: Starts at 0.5%
- Supported Cryptocurrencies: 210+
- Regulation: Fully licensed by MAS
- SGD Deposit Methods: PayNow, FAST, debit cards
Coinbase is publicly listed, providing transparency and investor confidence.
5. Crypto.com
Crypto.com boasts one of the largest selections of cryptocurrencies—over 400—with deep liquidity and low fees. Its ecosystem includes staking, lending, DeFi access, and the widely used Crypto.com Visa Card.
The platform supports multiple SGD deposit methods and offers fee discounts for users who hold its native CRO token.
- Trading Fees: As low as 0.1% (discounts for CRO holders)
- Supported Cryptocurrencies: 400+
- Regulation: Licensed by MAS under Foris Dax Asia
- SGD Deposit Methods: FAST, debit cards, Apple Pay, Google Pay
👉 Start exploring a global exchange with powerful tools and rewards.
6. HashKey
HashKey is gaining popularity among professional traders for its comprehensive product suite, including spot trading, futures contracts, and Launchpool—a feature that allows early access to emerging digital assets.
With 90% of assets stored in cold wallets and regular third-party audits, HashKey prioritizes security and transparency.
- Trading Fees: Starts at 0.2%
- Supported Cryptocurrencies: 110+
- Regulation: Fully licensed by MAS
- SGD Deposit Methods: FAST, bank transfers, wire transfers
Its institutional-grade tools make it ideal for active and high-frequency traders.
Is Crypto Regulated in Singapore?
Yes—cryptocurrency is regulated in Singapore under the Payment Services Act (PSA) of 2019. The Monetary Authority of Singapore (MAS) requires all digital payment token (DPT) service providers to obtain licenses and comply with strict anti-money laundering (AML) and counter-terrorism financing (CFT) rules.
Recent updates in 2024 expanded the PSA to cover custodial services and cross-border transfers. Additionally, starting June 2025, MAS will enforce new retail investor protections:
- No sign-up incentives for crypto accounts
- Ban on using credit or leverage to buy crypto
- Mandatory risk assessments for retail traders
These measures aim to promote responsible trading while maintaining market integrity.
How Is Crypto Taxed in Singapore?
The Inland Revenue Authority of Singapore (IRAS) has a clear stance on crypto taxation:
- Capital Gains: Not taxed for individuals holding crypto as long-term investments
- Income Tax: Applies to frequent traders, miners, and stakers at progressive rates (up to 24%)
- Corporate Tax: Digital asset businesses are taxed at 17%
- GST: Exempt for digital payment tokens since January 2020
This balanced approach encourages innovation while ensuring compliance.
Cryptocurrency Adoption in Singapore
Crypto adoption in Singapore is accelerating. By 2025, an estimated 56% of the population—around 3.4 million people—will engage with digital assets. Despite a slight revenue dip, the market remains robust due to:
- A thriving blockchain startup ecosystem
- Growing institutional participation
- Widespread merchant acceptance
Singapore continues to be a regional hub for fintech and crypto innovation.
How to Buy Bitcoin in Singapore
Buying Bitcoin is simple on MAS-regulated platforms:
- Choose a Licensed Exchange – e.g., Coinbase, Coinhako, or Independent Reserve
- Sign Up & Verify Identity – Use NRIC or passport with proof of address
- Deposit SGD – Via PayNow, FAST, or card
- Purchase BTC – Enter amount and confirm at current market price
For long-term holdings, consider transferring Bitcoin to a secure hardware wallet.
Frequently Asked Questions
Q: Are crypto exchanges in Singapore safe?
A: Yes—MAS-regulated exchanges must meet strict security, capital reserve, and compliance standards.
Q: Can I deposit SGD into a crypto exchange?
A: Absolutely. All top platforms support SGD deposits via PayNow, FAST, or cards.
Q: Do I need to pay tax when I sell Bitcoin?
A: If it's a personal investment held long-term, no. But frequent trading income is taxable.
Q: Which exchange has the lowest fees?
A: Crypto.com offers fees from 0.1%, especially with CRO staking discounts.
Q: Is leverage trading allowed in Singapore?
A: No—MAS banned retail leveraged crypto trading effective June 2025.
Q: Can foreigners use Singapore crypto exchanges?
A: Many platforms accept international users, but SGD deposits are typically limited to residents.
👉 Compare real-time fees and features across top platforms today.
Final Thoughts
Choosing the best crypto exchange in Singapore depends on your needs—whether it's low fees, ease of use, advanced tools, or institutional security. Platforms like Independent Reserve, Coinhako, Gemini, Coinbase, Crypto.com, and HashKey all offer strong value under MAS oversight.
By focusing on regulation, security, fees, and user experience, you can confidently enter the world of digital assets with peace of mind.
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