As the digital asset landscape evolves, Singapore continues to emerge as a trusted hub for regulated crypto trading. With the Monetary Authority of Singapore (MAS) enforcing strict compliance standards, investors can confidently navigate the market through licensed platforms that prioritize security, transparency, and user protection. In 2025, 33 MAS-licensed providers form the backbone of a secure and compliant cryptocurrency ecosystem—offering peace of mind in an otherwise volatile space.
This guide explores the top factors to consider when choosing a crypto exchange in Singapore, outlines key regulatory developments, and compares leading platforms to help you make informed decisions aligned with your investment goals.
Singapore’s Cryptocurrency Regulatory Framework
While cryptocurrencies are not recognized as legal tender in Singapore, they are permitted as alternative payment instruments under regulated conditions. The country’s official currency, the Singapore Dollar (SGD), is issued and overseen by MAS.
The cornerstone of crypto regulation in Singapore is the Payment Services Act (PS Act), introduced in 2019. This framework governs Digital Payment Token (DPT) services—including crypto exchanges, custodial wallets, and money transfer services—ensuring robust anti-money laundering (AML) and counter-terrorism financing (CFT) safeguards.
Key regulatory requirements include:
- Mandatory AML/CFT compliance: Licensed providers must conduct customer due diligence, monitor transactions, report suspicious activities, and retain records for at least five years.
(Source: MAS Notice PSN02) - Restricted marketing practices: Public advertising of DPT services is prohibited. Promotional materials cannot be broadcast via mass media or public spaces to prevent misleading investors.
(Source: MAS Guidelines PS-G02)
In 2024, MAS strengthened DPT regulations under the updated PS Act, introducing stricter licensing criteria:
- Minimum paid-up capital of SGD 250,000 (~USD 184,000)
- Advanced cybersecurity infrastructure
- Background checks on key personnel and partners
- Mandatory risk disclosures to customers
These enhancements ensure that only well-capitalized, secure, and compliant platforms operate in Singapore—reducing systemic risks and enhancing investor trust.
👉 Discover a secure and compliant platform for crypto trading today.
Licensed vs Unlicensed Crypto Platforms in Singapore
Choosing between licensed and unlicensed platforms is one of the most critical decisions for Singaporean investors.
Licensed platforms are regulated by MAS under the PS Act and must adhere to stringent operational and security standards. In contrast, unlicensed platforms operate without oversight, exposing users to higher risks of fraud, fund loss, and lack of recourse.
Here’s how they compare across key areas:
Regulatory Oversight
- Licensed: Regulated by MAS; compliant with AML/CFT rules; subject to audits.
- Unlicensed: No regulatory supervision; higher exposure to financial crime.
Fund Security
- Licensed: Customer funds held in segregated accounts to prevent misuse.
- Unlicensed: No mandatory segregation; funds may be commingled with company assets.
Fiat Currency Support
- Licensed: Direct SGD deposits and withdrawals via FAST, PayNow, or bank transfers.
- Unlicensed: Limited or no SGD support; reliance on P2P trading or third-party gateways.
Risk Disclosure & Transparency
- Licensed: Legally required to warn users about crypto risks before trading.
- Unlicensed: Often lack clear disclaimers; users may underestimate volatility.
Cybersecurity Standards
- Licensed: Must implement advanced technical safeguards against hacking.
- Unlicensed: Security measures vary widely; many lack enterprise-grade protection.
By sticking to MAS-licensed exchanges, investors gain access to transparent operations, legal accountability, and stronger consumer protections.
Why Choose a Licensed Crypto Platform in Singapore?
With over 33 MAS-approved providers operating in 2025, licensed exchanges offer distinct advantages:
Regulatory Compliance
Under the PS Act, any entity offering DPT services—including trading, custody, or transfers—must obtain a license from MAS. This ensures clarity in operations and aligns platforms with national financial integrity goals.
Investor Protection
Licensed platforms are required to:
- Safeguard customer assets
- Implement strong AML/CFT controls
- Maintain resilient cybersecurity systems
- Provide clear risk warnings
These measures significantly reduce the likelihood of operational failure or fraud.
Transparent Operations
Regular audits and reporting obligations ensure that fee structures, trading policies, and security protocols remain transparent—empowering users to make informed choices.
Key Features to Compare When Choosing a Crypto Exchange
To find the best fit for your needs, evaluate platforms based on four core criteria:
Security
Security should be your top priority. Look for:
- MAS licensing
- Two-factor authentication (2FA)
- Withdrawal whitelisting
- Cold storage for most user funds
- Regular penetration testing
👉 Access a high-security platform designed with investor protection in mind.
Fees and Pricing Structure
Fees directly impact your returns. Consider:
- Trading fees (spot vs margin)
- Deposit and withdrawal costs
- Spread margins
- Inactivity or account maintenance fees
Transparent platforms disclose all charges upfront—avoiding hidden costs that erode profits over time.
Fiat Transfer Flexibility (SGD/USD)
For Singapore users, seamless SGD deposits and withdrawals are essential. Prioritize platforms offering:
- Instant bank transfers via FAST or PayNow
- Zero or low-cost transactions
- Direct USD support through international transfers or stablecoins like USDT
Ease of Use and Trading Experience
A user-friendly interface makes investing less stressful—especially for beginners. Look for:
- Intuitive dashboards with real-time charts
- Mobile apps with one-tap trading
- Price alerts and portfolio tracking
- Responsive customer support (ideally local)
Comparing Top Platforms: moomoo SG vs Coinbase vs Coinhako
Each platform serves different investor profiles based on features, fees, and asset offerings.
| Feature | moomoo SG | Coinbase | Coinhako |
|---|---|---|---|
| Trading Fees (Spot) | 0.39% standard / 0.3% promo | ~3–5% fiat-to-crypto conversion | 0.6% + payment method surcharges |
| Multi-Asset Support | Yes (crypto, stocks, ETFs, bonds) | Crypto only | Crypto only |
| SGD Deposits | FAST, PayNow, DDA – instant & free | FAST, PayNow | FAST, PayNow, GrabPay – free |
| USD Support | Bank transfer, Wise – no fees | SWIFT (3–4 days, high fees) | Not available |
| Regulatory Status | MAS Licensed (MPI #PS20200617) | Overseas-regulated | MAS Licensed |
moomoo SG stands out by combining zero-commission crypto trades, free SGD/USD transfers, and a multi-asset investment platform—all under MAS regulation.
The Future of Crypto Exchanges in Singapore
Looking ahead, Singapore’s crypto ecosystem will continue evolving through:
- Regulatory clarity: Ongoing updates from MAS will enhance market integrity.
- Technological innovation: Adoption of blockchain analytics and AI-driven security tools.
- Investor education: Platforms investing in resources to promote responsible trading.
- Product diversification: Growth in crypto ETFs, tokenized assets, and structured products.
As the market matures, exchanges that blend compliance with innovation will lead the way.
5 Tips to Reduce Risk When Buying Crypto in Singapore
- Use MAS-Licensed Exchanges
Stick to regulated platforms that follow KYC/AML rules and offer dispute resolution mechanisms. - Be Cautious with P2P Trading
Peer-to-peer transactions carry higher fraud risk and limited consumer protection. - Understand DEX Risks
Decentralized exchanges operate outside MAS oversight—meaning no recovery options if funds are lost. Prioritize Asset Security
- Use hardware wallets for long-term storage
- Enable 2FA and withdrawal whitelists
- Verify URLs to avoid phishing scams
- Choose Security Over Convenience
Avoid unregulated platforms promising high returns—opt for trusted, compliant exchanges instead.
Common Risks in Crypto Trading
Despite opportunities, crypto investing involves significant risks:
- Extreme volatility: Prices can swing over 10% daily due to news or sentiment.
- Market manipulation: Smaller tokens are vulnerable to "pump-and-dump" schemes.
- Security threats: Hacks (e.g., Hodlnaut collapse) and phishing attacks remain common.
- Technical risks: Lost private keys or smart contract bugs can result in irreversible losses.
- Emotional trading: FOMO or panic selling often leads to poor decisions—especially with leverage.
Always practice sound risk management and never invest more than you can afford to lose.
Frequently Asked Questions (FAQ)
Is cryptocurrency legal in Singapore?
Yes. While not legal tender, crypto trading is permitted through MAS-regulated platforms.
How many licensed crypto exchanges are there in Singapore?
As of June 2025, there are 33 MAS-licensed DPT service providers.
Do I need a crypto wallet to trade?
Not always. Platforms like moomoo SG allow trading without managing a separate wallet—ideal for beginners seeking simplicity.
What’s the difference between spot and derivatives trading?
Spot trading involves buying assets at current market prices for immediate settlement. Derivatives derive value from underlying assets (e.g., futures contracts) and often involve leverage.
Are my crypto investments insured?
No. Unlike bank deposits, crypto holdings are not covered by the Singapore Deposit Insurance Scheme. Losses from hacks or fraud are typically unrecoverable.
Is now a good time to invest in crypto?
Only if you understand the risks, have a diversified portfolio, and won’t jeopardize essential savings. Consider allocating just 1–5% of your portfolio if you’re risk-tolerant.
Final Thoughts: Choosing the Right Exchange in 2025
In 2025, the best cryptocurrency exchanges in Singapore sit at the intersection of regulatory compliance, technological innovation, and user-centric design. With MAS ensuring high standards for AML/CFT controls and fund protection, investors can participate confidently in this dynamic market.
Whether you're new to crypto or expanding your digital portfolio, prioritize licensed platforms that offer transparent fees, strong security, and seamless SGD integration. As the ecosystem grows, staying informed and security-focused will be key to long-term success.
👉 Start your journey on a trusted global platform built for performance and safety.