As digital assets continue to gain momentum, Singapore has emerged as a leading hub for cryptocurrency trading in Southeast Asia. With a supportive regulatory environment and growing adoption, more traders are seeking reliable, secure, and user-friendly platforms to buy, sell, and manage crypto. Whether you're a beginner or an experienced investor, choosing the right exchange is crucial for maximizing returns, minimizing fees, and ensuring safety.
This guide explores the 6 best crypto exchanges in Singapore for 2025, all of which are either MAS-approved or widely trusted by local users. We’ll compare their features, fees, security, supported cryptocurrencies, and more—helping you make an informed decision tailored to your trading goals.
What Makes a Top Crypto Exchange in Singapore?
Before diving into the list, it’s important to understand the key factors that define a high-quality crypto exchange:
- Regulatory compliance with the Monetary Authority of Singapore (MAS)
- Low trading fees and transparent pricing
- Support for SGD deposits via bank transfers or PayNow
- Security measures like two-factor authentication (2FA) and cold storage
- User experience, from intuitive interfaces to advanced trading tools
- Customer support responsiveness and accessibility
Now, let’s explore the top platforms available to Singaporean traders.
1. Binance – Best for Global Trading Volume
Binance is one of the largest cryptocurrency exchanges in the world, known for its high liquidity, extensive asset selection, and competitive fees. While it operates globally, Binance remains accessible to Singapore users and supports SGD deposits through various payment methods.
The platform offers a comprehensive suite of tools including spot trading, futures, staking, and savings products. Its mobile app is highly rated for usability and performance, making it ideal for both beginners and advanced traders.
Key Features:
- Over 300+ cryptocurrencies supported
- Trading fees starting at 0.10% (maker/taker)
- Supports bank transfers and debit card payments in SGD
- Advanced charting tools and API access
Pros:
- Massive global liquidity ensures fast order execution
- Wide range of trading pairs and derivatives
- Strong security protocols including 2FA and anti-phishing codes
- Regular platform updates and new feature rollouts
Cons:
- Regulatory scrutiny in some regions may affect feature availability
- Interface can be overwhelming for new users
👉 Discover a powerful trading platform built for high-volume crypto investors.
2. Coinhako – Top for Easy SGD Transactions
Founded in 2014, Coinhako is a homegrown Singaporean exchange designed with local users in mind. It excels in simplicity, offering seamless SGD integration through bank transfers and PayNow—making it one of the most beginner-friendly options.
Coinhako prioritizes ease of use without sacrificing security. It complies with MAS regulations and uses cold storage for the majority of user funds. The platform also supports instant buy/sell orders, which are perfect for those looking to enter the market quickly.
Key Features:
- Supports 67+ cryptocurrencies
- Flat trading fee of 0.60%, with instant purchase fees around 1%
- Direct SGD deposits via local banks and cards
- Simple dashboard ideal for first-time traders
Pros:
- Localized experience tailored for Singaporeans
- Transparent fee structure with no hidden charges
- Fast onboarding and quick verification process
- Trusted reputation within the local community
Cons:
- Limited advanced trading tools
- Smaller altcoin selection compared to global platforms
- Card purchases come with higher fees
3. Gemini – Best for Security and Compliance
Launched by the Winklevoss twins in 2015, Gemini has built a strong reputation for security and regulatory adherence. It is fully licensed under Singapore’s Payment Services Act and offers insurance coverage for digital assets stored on the platform.
Gemini provides two interfaces: a simple "Gemini Exchange" for beginners and "ActiveTrader" for professionals seeking lower fees and advanced order types. The platform supports SGD deposits, making it convenient for local users.
Key Features:
- Over 100+ supported cryptos
- Maker/taker fees ranging from 0.20% to 0.40%
- Cold storage and insurance for eligible assets
- Fully compliant with MAS regulations
Pros:
- Industry-leading security standards
- Clear regulatory standing in Singapore
- User-friendly design with professional-grade tools available
- Supports recurring buys and automated strategies
Cons:
- Higher fees on basic trading interface
- Smaller crypto selection focused on major coins
4. Coinbase – Top Choice for Beginners
Coinbase is one of the most recognizable names in the crypto world. Known for its clean interface and educational resources, it’s an excellent starting point for those new to digital assets.
While primarily US-based, Coinbase supports Singaporean users with SGD deposits via bank transfer. The platform emphasizes trust, transparency, and ease of use—perfect for those who want a hassle-free entry into crypto.
Key Features:
- Over 200+ cryptocurrencies available
- Tiered fees starting from 0.40% (basic) down to 0.00% (Advanced Trade)
- Integration with local banking systems
- Educational content and rewards programs
Pros:
- Intuitive design perfect for beginners
- Strong brand reputation and regulatory compliance
- Multiple deposit options including debit cards
Cons:
- High fees on standard trades unless using Advanced Trade
- Customer support can be slow during peak times
- Fewer advanced features compared to competitors
👉 Start your crypto journey with a secure and trusted platform today.
5. Crypto.com – Best for Rewards and Ecosystem
Crypto.com isn’t just an exchange—it's a full-fledged ecosystem that includes a Visa card, staking rewards, lending, NFTs, and more. Founded in 2016, it has rapidly expanded its services and now supports SGD transactions for Singapore users.
The platform offers aggressive rewards for users who stake its native token (CRO), including cashback on purchases and airport lounge access. Its sleek mobile app makes managing your portfolio effortless.
Key Features:
- Over 250+ cryptocurrencies
- Competitive maker fees starting at 0.075%
- Integrated Visa card with crypto rewards
- Staking, savings accounts, and DeFi access
Pros:
- Attractive rewards program tied to CRO staking
- Low trading fees for active or staked users
- Feature-rich mobile app with strong UX
- Supports margin trading and derivatives
Cons:
- Complex ecosystem may overwhelm beginners
- Some perks require long-term CRO lockups
- Occasional app performance issues reported
6. Independent Reserve – Top for Local Support
Established in 2013 and serving both Australia and Singapore, Independent Reserve focuses on compliance, security, and transparency. It’s one of the few exchanges that prioritize institutional-grade standards while catering to retail traders.
The platform offers a straightforward trading experience with a clear fee structure based on volume tiers. It supports SGD deposits and withdrawals via local bank transfers and stores most assets in cold wallets.
Key Features:
- Around 30+ major cryptocurrencies
- Trading fees start at 0.50%, decreasing with volume
- Regulated under MAS guidelines
- Dedicated customer support team based in the region
Pros:
- Strong focus on regulatory compliance
- Transparent fee model with volume discounts
- Excellent customer service with fast response times
- Cold storage protection for user funds
Cons:
- Limited altcoin offerings
- Less known internationally compared to giants like Binance
How to Choose the Right Exchange: Key Factors
When evaluating crypto exchanges in Singapore, consider these core aspects:
Trading Fees
Look beyond surface rates—check maker/taker models, deposit/withdrawal costs, and whether holding native tokens reduces fees.
Payment Methods
Ensure your preferred method (e.g., bank transfer, PayNow, card) is supported with low or no fees.
Security
Prioritize platforms using 2FA, cold storage, encryption, and insurance policies.
Supported Cryptocurrencies
Choose an exchange that aligns with your investment strategy—whether you’re focused on Bitcoin or exploring emerging altcoins.
Regulatory Compliance
Only use MAS-approved or compliant platforms to ensure legal protection and financial safety.
User Experience
Beginners should favor simple dashboards; advanced traders need charting tools and order types.
Frequently Asked Questions (FAQs)
Is cryptocurrency legal in Singapore?
Yes, cryptocurrency is legal in Singapore. The Monetary Authority of Singapore (MAS) regulates digital payment token services under the Payment Services Act. Exchanges must comply with KYC and anti-money laundering rules.
Which crypto exchange is approved by MAS in Singapore?
MAS-regulated exchanges include Coinhako, Independent Reserve, Binance, Crypto.com, OKX, Coinbase, Gemini, and others that hold valid licenses to operate digital payment token services.
Can I buy Bitcoin with SGD in Singapore?
Yes. Most top exchanges like Coinhako, Independent Reserve, Binance, and Crypto.com allow direct SGD deposits via bank transfer or card to purchase Bitcoin and other cryptos.
Are there taxes on crypto profits in Singapore?
Generally, capital gains from personal crypto investments are not taxed. However, if trading is deemed a business activity by IRAS, income tax may apply.
Which exchange has the lowest fees in Singapore?
Binance and Crypto.com offer some of the lowest trading fees, especially for high-volume or staked users. Independent Reserve also provides volume-based discounts.
Should I keep my crypto on an exchange or in a wallet?
For long-term holding, use a hardware wallet (like Ledger or Trezor). For active trading, reputable exchanges with strong security (e.g., Gemini, Coinbase) are acceptable short-term storage options.
👉 Secure your trades on a next-generation exchange designed for speed and safety.
Final Thoughts
Choosing the best crypto exchange in Singapore depends on your individual needs—whether you value low fees, local support, security, or a wide range of digital assets. All six platforms reviewed here are trusted by thousands of users and meet high standards of compliance and functionality.
By focusing on factors like regulation, fees, payment methods, and user experience, you can confidently select a platform that aligns with your financial goals. Always conduct due diligence before investing and consider starting small to test the waters.
No matter your level of expertise, Singapore offers a robust ecosystem for crypto trading—making 2025 an exciting year to get involved.