Choosing the right cryptocurrency exchange is a crucial first step for investors looking to enter the digital asset space in Singapore. With over 200 exchanges globally, the options can be overwhelming—especially when local regulations and banking integrations come into play. The Monetary Authority of Singapore (MAS) enforces strict compliance under the Payment Services Act (PSA), which means not all global platforms are accessible here.
This guide breaks down the top crypto exchanges available to Singapore residents in 2025, focusing on key factors like trading fees, fund transfers, regulatory status, coin variety, and user experience. Whether you're a beginner or an experienced trader, this overview helps you make an informed decision.
Key Factors When Choosing a Crypto Exchange in Singapore
Before diving into specific platforms, it's essential to understand what makes one exchange better than another for your needs:
- Number of cryptocurrencies offered: More options allow for diversified portfolios.
- Trading and withdrawal fees: Lower fees mean more of your investment stays in your pocket.
- Fiat on-ramps: Fast and affordable ways to deposit SGD are critical for seamless trading.
- Regulatory compliance: MAS-exempt or licensed platforms offer greater peace of mind.
- User interface and accessibility: Mobile-first experiences matter for casual traders.
Let’s explore the top contenders that meet these criteria.
Top 3 Crypto Exchanges in Singapore
1. Crypto.com – Best for Low Fees and Wide Coin Selection
Crypto.com stands out as one of the most competitive exchanges in Singapore, offering over 500 cryptocurrencies with spot trading fees as low as 0.075%. Users who stake CRO tokens or reach VIP tiers enjoy even lower rates.
One of its biggest advantages is free SGD deposits via FAST transfer, making it cost-effective to fund your account. The platform also supports credit card purchases (with a 3.5% fee) and StraitsX integration (0.5% fee).
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The mobile app features a clean, intuitive design ideal for both new and active traders. While the Crypto.com Card has lost some appeal due to recent term changes, the exchange itself remains a solid choice for those seeking breadth and efficiency.
Regulatory status: Exempt under MAS’ Payment Services Act (FORIS DAX ASIA PTE. LTD.)
2. Coinhako – Best for Local Ease of Use
As a homegrown Singapore startup, Coinhako offers a user-friendly experience tailored to local investors. It supports 67 cryptocurrencies with a flat trading fee of 0.6%, which is higher than some competitors but reasonable for the convenience it provides.
You can deposit SGD through multiple channels:
- Bank transfer
- PayNow
- Debit/credit card
- StraitsX (0.55% fee)
- GrabPay (2.8% fee)
What sets Coinhako apart is its seamless mobile app—perfect for users who prefer trading on the go without switching to desktop platforms.
In May 2022, Coinhako obtained the Major Payment Institution (MPI) Licence from MAS, enhancing its credibility and operational legitimacy.
Note: While previously exempt under the PSA, Coinhako now operates under full licensing, ensuring stronger consumer safeguards.
3. Tokenize Xchange – Best Singapore-Based Exchange
Headquartered in Singapore, Tokenize Xchange offers a robust platform with 90 cryptocurrencies and tiered fee structures based on membership level.
Here’s a snapshot of their revised trading fees:
Fiat-to-Crypto:
- Normal: 0.8%
- Premium: 0.3%
- Platinum: 0.05%
Crypto-to-Crypto:
- Normal: 0.25%
- Premium: 0.15%
- Platinum: 0.01%
Membership requires holding or staking TKX tokens—the native asset of Tokenize Xchange. Premium costs ~US$180/year, while Platinum (~US$4,800/year) unlocks near-zero fees and bank transfers at no cost.
Deposit options include:
- Debit/credit card (2.9%)
- StraitsX (0.3%)
- GrabPay (1.5%) — unique among exchanges
- Bank transfer (for Premium/Platinum only)
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Despite the high entry cost for top-tier access, Tokenize Xchange appeals to serious traders wanting local support and regulatory alignment.
Regulatory status: Exempt under MAS PSA (Amazingtech Pte Ltd)
Honorable Mentions
Coinbase
A globally recognized name, Coinbase offers 238 cryptocurrencies with transparent pricing and strong security practices. Trading fees average 0.6%, with lower rates on Coinbase Pro.
Available SGD deposit methods:
- FAST
- Credit/debit card
Coinbase Singapore is exempt under MAS regulations, adding trust for conservative investors. Though not the cheapest, its public listing and compliance record make it a reliable gateway.
Independent Reserve
With 30 supported coins, Independent Reserve focuses on security and institutional-grade infrastructure. Fees range from 0.5% down to 0.02% based on volume.
It charges a S$2.50 fee for FAST deposits under S$1,000, but offers tight spreads and deep liquidity for major pairs like BTC/SGD and ETH/SGD.
Licensed under the PSA (PS20200517), it's a solid option for high-net-worth or risk-averse investors.
Frequently Asked Questions
Q: Are crypto exchanges in Singapore regulated?
A: Yes. The Monetary Authority of Singapore (MAS) regulates digital payment token services under the Payment Services Act (PSA). Only exempt or licensed entities may operate legally.
Q: Can I use Binance in Singapore?
A: Binance.sg ceased operations in February 2022. The international version is not permitted for Singapore users due to regulatory restrictions.
Q: Is my crypto insured like bank deposits?
A: No. Unlike bank savings covered by SDIC up to S$75,000, cryptocurrency holdings are not insured. You are responsible for securing your assets.
Q: Should I keep my crypto on an exchange?
A: It’s safer to transfer large amounts to a private wallet. Remember: Not your keys, not your coins. Exchanges can fail—FTX being a recent example.
Q: What’s the cheapest way to buy Bitcoin in Singapore?
A: Using Crypto.com with FAST transfers minimizes fees. For small amounts via app, Coinhako offers competitive rates with local payment methods.
Q: Can I withdraw SGD from crypto exchanges?
A: Yes—platforms like Coinhako, Crypto.com, and Independent Reserve allow fiat withdrawals directly to your bank account via FAST.
Final Thoughts: Security First
The crypto landscape evolves rapidly. Since this guide was first published, major players like FTX have collapsed, reminding us that platform risk is real. Always prioritize exchanges with strong regulatory standing and never leave large holdings on any third-party platform.
👉 Take control of your crypto future—secure your assets with smart strategies today.
For the latest updates on regulated entities, refer to the official MAS lists:
Choosing the right exchange is just the beginning. Combine it with sound security practices—like using hardware wallets—and you’ll be well-positioned for long-term success in the world of digital assets.
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