Buy Bitcoin & Crypto in Singapore
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Singapore is a Bitcoin friendly country, with a healthy tech-sector and lots of domestic and international investment. While the government in Singapore is not known for a laissez-faire attitude towards free speech, it is welcoming to Bitcoin.
LocalBitcoins daily trading volume in Singapore is .... The current price of Bitcoin is .... There are ... Bitcoin ATMs available to Singapore residents. And ... businesses accept Bitcoin in Singapore.
Most Popular Exchanges in Singapore
Coinmama
Founded 2013
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
Independent Reserve
Founded 2013
Established in 2013, Independent Reserve is Australia’s most trusted cryptocurrency exchange and OTC trading desk. Over 170,000 customers from Australia, New Zealand and Singapore trust Independent Reserve to easily buy and sell Bitcoin, Ethereum, XRP and other major cryptocurrencies. Independent Reserve offers a range of innovative features, including insurance on crypto assets, AutoTrader, KPMG tax estimator, API integration and world-class security.
Bitcoin & Cryptocurrency Trading in Singapore
The cryptocurrency exchange you use will depend on what your goals are. Some people buy only bitcoin, while some buy many cryptos. Some trade, while some buy and hold.
We'll outline some of the best options for each type of buyer and trader.
Top Cryptocurrency & Bitcoin Exchanges in Singapore
Founded 2013
Coinmama Popular
Founded 2013Coinmama Popular
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Wire Transfer
Headquarters: Israel
Ease of Use
Super easy
Privacy
Low
Speed
Super fast
Fees
Medium
Reputation
Excellent
Limits
-
Founded 2013
Independent Reserve Popular
Founded 2013Independent Reserve Popular
Established in 2013, Independent Reserve is Australia’s most trusted cryptocurrency exchange and OTC trading desk. Over 170,000 customers from Australia, New Zealand and Singapore trust Independent Reserve to easily buy and sell Bitcoin, Ethereum, XRP and other major cryptocurrencies. Independent Reserve offers a range of innovative features, including insurance on crypto assets, AutoTrader, KPMG tax estimator, API integration and world-class security.
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CONS
Supported Fiat:Yes
Payment methods include: EFT & PayID SWIFT Wire Transfer
Headquarters: Australia
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Excellent
Limits
Medium
Best Bitcoin Wallet for Singapore
Bitcoin wallets are just software or hardware, so the truth is that wallets can work in any country.
However, we've highlighted some Bitcoin wallets we think would be good for Singapore users here.
Trezor Model T
Secure storage with high res color touch screen
Read ReviewThe Trezor Model T is perfect for long term holders of many coins. It's full color high resolution touch screen makes it easy to navigate and advanced features make it the most secure hardware wallet
Ledger Nano X
Secure Storage with Bluetooth Functionality
Read ReviewThe Ledger Nano X is great for traders who need to access their coins on the go. The on-board Bluetooth functionality allows you to access your coins on your mobile device.
Electrum
Multi-feature desktop wallet that works with hardware wallets.
Visit WebsiteElectrum is a Bitcoin-only desktop wallet that offers many advanced features for higher level users. It is best paired with a hardware wallet.
More Bitcoin Exchanges in Singapore
Most Popular Exchanges in Singapore
Coinmama
Founded 2013
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
Independent Reserve
Founded 2013
Established in 2013, Independent Reserve is Australia’s most trusted cryptocurrency exchange and OTC trading desk. Over 170,000 customers from Australia, New Zealand and Singapore trust Independent Reserve to easily buy and sell Bitcoin, Ethereum, XRP and other major cryptocurrencies. Independent Reserve offers a range of innovative features, including insurance on crypto assets, AutoTrader, KPMG tax estimator, API integration and world-class security.
Founded 2011
Kraken
Founded 2011Kraken
Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.
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CONS
Supported Fiat:Yes
Payment methods include:Debit Card Bank Transfer Cash BACs Chaps
Headquarters: San Francisco, USA
Ease of Use
Super easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Excellent
Limits
Medium
Founded 2017
Binance
Founded 2017Binance
Binance's US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer Wire Transfer
Headquarters: San Francisco, USA
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Average
Limits
High
Founded 2013
Cex.io
Founded 2013Cex.io
Since its founding in 2013, CEX.io has never lost any user funds. As a pioneer in credit card payments for crypto, CEX has kept it easy to access and buy coins. Since it supports 99% of all counties,you can use CEX no matter where you are to buy and sell your favorite crypto assets
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer SEPA SWIFT
Headquarters: London, GBR
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Medium
Reputation
Good
Limits
High
Founded 2013
Huobi Global
Founded 2013Huobi Global
Huobi is based in Singapore and was first popular with Asian Crypto traders; however it has since grown a worldwide user base. Traders are attacted to its advanced features and extensive pair list along with its low trading fees
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card
Headquarters: Singapore
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Good
Limits
Medium
Founded 2014
BitMEX
Founded 2014BitMEX
Started by commodities trader Arthur Hayes in 2014, BitMEX quickly became the leading place to make leveraged bets on the price of bitcoin. Thier unique Bitcoin only depoist/withdraw system, along with top notch security have continued to set it apart from challengers.
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CONS
Supported Fiat:No
Payment methods include:Bitcoin
Headquarters: SYC
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Excellent
Limits
Unlimited
Founded 2011
BTCC
Founded 2011BTCC
As the oldest exchange in China, BTCC has a good reputation that only longevity can earn. Easy fiat on and off ramps and many cryptocurriencies to trade continue to make BTCC China's premere exchange
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Coin Payments Wire Transfer
Headquarters: Hong Kong, China
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Good
Limits
High
Founded 2012
LocalCryptos
Founded 2012LocalCryptos
LocalCryptos is a Peer to Peer exchange that escrows funds, allowing two parties to trade cryptocurriences with no prior knowledge of each other.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer Coin Payments Cash
Headquarters: Richmond, Australia
Ease of Use
Average
Privacy
High
Speed
Slow
Fees
Low
Reputation
Good
Limits
-
Founded 2006
eToro
Founded 2006eToro
eToro was started before bitcoin existed, however it recently has added bitcoin and cryptocurrency trading to its platform. Now it is one of the most trusted places to buy, sell and trade various cryptocurriencies. It's large platform allows it to have low fees and spreads.
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CONS
Supported Fiat:Yes
Payment methods include:Bank Transfer
Headquarters: UK
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Excellent
Limits
Unlimited
Founded 2014
Bittrex
Founded 2014Bittrex
Founded in 2014, Bittrex was a mainstay of crypto trading during the 2017 bull market. It has many cryptocurrency paiirs and now even allows Fiat on boarding.
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CONS
Supported Fiat:Yes
Payment methods include:-
Headquarters: Seattle, Washington, USA
Ease of Use
Average
Privacy
Low
Speed
-
Fees
Low
Reputation
Good
Limits
Medium
Founded 2011
Paymium
Founded 2011Paymium
Paymium is one of the oldest exchanges in Europe. It is compliant with all EU regulations and is extremily well trusted. Paymium is based in France and supports several payment methods, including SEPA transfers and credit card purchases.
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CONS
Supported Fiat:-
Payment methods include:Credit Card Bank Transfer SEPA SWIFT Apple Pay
Headquarters: Paris, FRA
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Good
Limits
High
Founded 2015
Bitit
Founded 2015Bitit
EU based exchange supporting 15 different fiat trading pairs and dozens of coins beyond Bitcoin. This is one of the more established exchanges with a long track record and a clean UI that is easy for newbies and veterans alike.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Bank Transfer Cash Cash Libs Wire Transfer
Headquarters: Paris, FRA
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Average
Limits
Medium
The history of Bitcoin in Singapore
In 2013, the Monetary Authority of Singapore (MAS) came out with a relatively hands-off approach to the introduction of Bitcoin and other cryptocurrencies by claiming that businesses wanting to accept Bitcoin in exchange for goods and services should be allowed to do so as it is a commercial decision and NOT a decision in which the Monetary Authority should be involved. But that’s not to say that the financial department completely opened their arms to the idea. In fact, MAS has warned users of the risks associated with exchanging unregulated currencies digitally, pointing out that if Bitcoin (for example) ceases to operate, there would likely not be any party responsible for refunding those seeking recourse.
The current status of Bitcoin in Singapore
Perhaps in an effort to address this above claim, on August 1, 2017, MAS delivered a follow-up statement clarifying that they would, after all, impose some government regulation over cryptocurrencies to ensure safeguards were in place. Businesses that offer or issue digital tokens, including Bitcoin and initial coin offerings (ICOs), would be regulated by the MAS, provided that such crypto-tokens fall within the definition of "securities" regulated under Singapore's security laws. And in 2019, the MAS made it’s boldest statement yet by referring to bitcoin as a digital payment token for the purposes of the Payment Services Act.
Nowadays, buying Bitcoin in Singapore is typically achieved in one of two ways: users can either go online to one of many bitcoin exchanges, or they can visit any local ATM and exchange Singapore dollars Bitcoin instantly.
Anybody looking to deal with a cryptocurrency like Bitcoin must have a dedicated wallet for storing their assets. Some of the most popular exchanges for buying Bitcoin in Singapore include Coinmama, eToro, and Luno.