Top 7 best crypto exchanges in Singapore for 2024

Our panel of crypto analysts, experts, and traders periodically test 50+ leading exchange & app services in order to find the best crypto exchange in Singapore.
Updated: May 9, 2024

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To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges & apps in Singapore. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of Singaporean users, such as which payment methods are available, which currencies you can deposit, and the trading fees for buying Bitcoin in Singapore, and surveyed those users to find out what they think about each service.

Each expert assigns a score, which is combined with the results of the further research to create a final ranking in order to answer the question: what are the best crypto exchanges in Singapore for Singaporean users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Singapore crypto exchange.

What is the best crypto exchange Singapore in 2024?

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Our expert rankings reveal that Start Trading is the best cryptocurrency exchange in Singapore.

The list below shows the three best Singapore crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.

Top 7 best Singapore based crypto exchanges & apps, reviewed

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What do I need to buy Bitcoin in Singapore?

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As long as you have a phone or an internet connection you can invest in Bitcoins in Singapore. However, to make your experience as quick and seamless as possible, these are the things you need to get started.

  • A crypto exchange account. Choose a crypto exchange and set up an account in advance. Then you’re primed to invest in Bitcoin when the price reaches a level you’re happy with.
  • A way to pay. Many people in Singapore buy Bitcoin with a bank account or card payment. You can also buy crypto with PayPal or another e-wallet. Make sure you have the details of the account you want to use, whether that’s your credit card, PayPal, or a different service.
  • Copy of your photo ID. You usually have to provide ID when you’re buying Bitcoin in Singapore. Singaporean crypto brokers ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud. 
  • A personal crypto wallet (optional). Once you’ve purchased your Bitcoin, you can choose to either leave it on the exchange or move it to a personal crypto wallet for extra security. To save time, set up a wallet on a popular wallet like MetaMask in advance.

It is possible to buy cryptocurrency in Singapore without providing ID through a P2P exchange, but these are a bit less secure and more challenging to use, so we suggest only experienced crypto investors go down this path. Most people, on most exchanges, need to provide some form of ID.

How to buy crypto on the best Bitcoin broker in Singapore

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Follow this short guide to learn how to buy Bitcoin in Singapore. This method is simple, and is the same process whether you want to buy and sell Bitcoin, or whether you prefer to trade crypto instead. 

Step 1. Sign up to Start Trading

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We recommend Start Trading as the best crypto exchange in Singapore for Singaporean users.

Step 2. Create an account

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You need to supply some personal contact details, such as your name and email address, in order to set up an account. Many Singaporean crypto exchanges require a form of photo ID as verification before you can use your account to buy cryptocurrency in Singapore.

Step 3. Deposit funds in your chosen currency

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Go to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.

Step 4. Search your favourite crypto

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You purchase Bitcoin and other cryptocurrencies by first typing the coin name or symbol into the search box. For example, to buy crypto online, search for the symbol, BTC. Then you enter the details of the trade. 

Step 5. Buy cryptocurrency in Singapore

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Finally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade.


Step 6. Transfer your cryptocurrency to a crypto wallet (optional)

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Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there, or you can move them to a dedicated crypto wallet. 

With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in Singapore below.

What is the best Bitcoin wallet in Singapore?

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Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, where you can use one account that acts as both your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or OKX, where you can buy crypto on the exchange and then store it on the same platform.

How to choose the best Singapore crypto app

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Choosing where to buy Bitcoin in Singapore is important, and the right Singaporean crypto platform can save you a lot of time, stress, and money. Things like the exchange fees, storage facilities, and range of altcoins available should all impact your choice.

Here’s some advice on how to find the best way to buy crypto in Singapore.

1. How much does the exchange charge to trade?

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There can be a big difference in the trading fees charged by each Singapore based crypto exchange. While all exchanges generally offer low cost cryptocurrency trading, what they charge may vary widely. Taking the time to compare them can save you money. Below is a summary of the different types of fees crypto exchanges in Singapore charge.

Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Singapore with low fees will charge 1% or less of the trade amount. Some services charge a lot higher. Here’s a look at the specific trading fees each of the top Singaporean crypto trading platforms charge.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in digital currency.

2. How does the exchange store customer funds?

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Crypto exchanges are available widely, but the important question is whether they are regulated in Singapore. The Monetary Authority of Singapore (MAS) is the financial body that decides whether crypto exchanges in Singapore have a license to operate, and decides what type of crypto assets are permitted in Singapore.

It’s the regulation that provides protection in the event that something happens to the exchange and you lose the money you hold on there. Crypto regulation varies around the world, and in many cases crypto platforms are based outside of Singapore and licensed to operate internationally by their local regulator. Here are the top Singaporean crypto exchanges and the financial bodies that regulate them around the world.

In addition to the regulation, you want to pick a reputable exchange that stores its customers’ funds safely. The best Bitcoin exchanges in Singapore should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Singapore crypto exchange that has been audited by a reputable accountancy firm can give you extra peace of mind.

3. Is the platform easy to use?

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A good user experience means more than being able to navigate around the website with ease. Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio? Are you after particular analysis tools, charts, or software integrations?

For new users, the focus should be on educational tools, like a demo account, trading tutorials, and walkthrough guides. Here’s a comparison of the resources available from each top Singaporean exchange.

For more advanced crypto investors, your focus might be on the additional trading tools on offer. These tools can be things like adjustable charts that you can use to track specific technical indicators or identify patterns, or it might be more analysis based, making it easier to assess the state of the crypto market as a whole.

Armed with that information you can start to narrow down your shortlist by considering if the exchange suits you. For instance, if you plan to do a lot of trading on the go, then you should focus on the platform that offers the best crypto app in Singapore.

4. What is the account verification process?

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When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity. It’s normally a prerequisite for any crypto exchange to be regulated in Singapore.

It’s a good idea to check what the verification process is before you sign up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in Singapore that demand verification in order to use them.

5. How many cryptocurrencies are available?

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You can buy Bitcoin in Singapore through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a Singapore crypto exchange that offers a large number of coins and ‘crosses’, where you can swap from one crypto to another. Below are some of the coins supported on the best crypto exchange Singapore:

6. Which currencies can you deposit?

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For most people, a crypto exchange in Singapore is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in Singapore only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in Singapore. 

7. Which payment methods are accepted?

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Decide how you want to pay for your crypto. If you want to fund an account with the best Singapore crypto exchange using bank transfers or debit card payments, then most Singaporean crypto exchanges accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in Singapore is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

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Think about what you might want to use the exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in Singapore through any Singapore based crypto exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

9. What’s the customer service like?

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One final point to consider is how the exchange deals with its customers and how well it responds to any queries you may have. One way to judge this is by assessing how easy it is to contact them. An extensive help centre or FAQ section is useful, but you should also consider whether there’s a live chat feature or another convenient way to speak to customer support, such as WhatsApp or Telegram.

Another way to judge how well an exchange treats its customers is to read what those customers have to say about them. There are many third-party review platforms where regular users can rate the service. Use their feedback to help you judge whether a Singaporean crypto exchange is for you.

What type of Singaporean crypto exchanges are there?

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Most crypto investors use a centralised, global exchange, like Binance or Coinbase. But cryptocurrency exchanges in Singapore come in different forms. Here is a breakdown of the most common types:

  • Centralised. In a centralised exchange, there is an authority – in this case a company – that operates the service. You create an account and deposit money, and the funds are held by the entity in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
  • Decentralised. On decentralised exchanges there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account, the crypto is sent from one wallet to another when a transaction takes place
  • Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in Singapore?

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On some platforms you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best brokerage accounts in Singapore allow you to buy and sell stocks, while the best forex broker in Singapore is best for currency trading. The best CFD brokers in Singapore offer a mixture of all these assets.

Which crypto exchange in Singapore has the best user reviews?

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We surveyed our Singaporean users to find out which crypto exchange provided the best service to everyday people, just like you. Below we’ve summarised their findings, with each exchange ranked out of five.

To summarise

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To invest in cryptocurrency in Singapore, whether that’s Bitcoin, Ethereum, or something else, you need to sign up to a crypto exchange or app. Preferably one that’s regulated in Singapore by the Monetary Authority of Singapore (MAS), so that your funds are protected online.

This guide explains how to buy cryptocurrency in Singapore using a top crypto exchange in a simple, straightforward way. You can invest in Bitcoin as a means to find a long term store of value or short term speculation. Consider which approach you want to take when choosing the best app to purchase Bitcoin in Singapore, then choose a low-cost, intuitive platform to start your crypto journey.

Choose a crypto exchange now


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Is cryptocurrency legal in Singapore?
Can I buy Bitcoin in Singapore?
Is it safe to buy Bitcoin in Singapore?
What is the best Singapore crypto app to buy Bitcoin?
What’s the best crypto broker for beginners in Singapore?
What’s the cheapest crypto exchange with the lowest fees in Singapore?
What’s the safest crypto exchange in Singapore?
Which Bitcoin wallet is best in Singapore?

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Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.