Navigating the digital asset landscape in Singapore starts with choosing the right crypto exchange. As a global fintech hub, Singapore offers a secure, regulated environment for cryptocurrency trading, making it one of the most crypto-friendly nations in Asia. With increasing adoption and a growing number of platforms catering to both beginners and advanced traders, finding the best crypto exchange in Singapore can be overwhelming.
This comprehensive guide explores the top crypto exchanges available in 2025, evaluating them based on security, fees, supported assets, user experience, and regulatory compliance with the Monetary Authority of Singapore (MAS). Whether you're interested in Bitcoin, Ethereum, or altcoins, this resource helps you make an informed decision.
Why Singapore Is a Leading Crypto Hub
Singapore’s forward-thinking financial regulations and strong cybersecurity infrastructure have positioned it as a leader in the global crypto ecosystem. Cryptocurrencies are legal and classified as Digital Payment Tokens (DPTs), though they are not considered legal tender. The MAS enforces strict anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring a safe trading environment.
With approximately 16% of the population owning crypto—ranking Singapore 6th globally in crypto adoption—the demand for reliable, user-friendly exchanges continues to grow.
Top Crypto Exchanges in Singapore 2025
1. OKX – Best for Low Fees & Advanced Trading
👉 Discover why OKX is the top choice for low-cost, high-volume trading in Singapore.
OKX stands out as a leading international crypto exchange with strong regulatory recognition in Singapore. In March 2024, it received in-principle approval from the MAS, allowing it to operate as a licensed Major Payment Institution—a testament to its compliance and security standards.
The platform supports over 350 cryptocurrencies across 650+ trading pairs, including spot, futures, and NFT trading. With three app versions—Lite (beginner), Pro (advanced), and Web3 (NFT-focused)—OKX caters to all user levels.
Key Features:
- Low trading fees with volume-based discounts
- Multiple SGD deposit methods: Visa, Mastercard, bank transfers
- Monthly Proof of Reserves (PoR) reports for transparency
- 24/7 multilingual customer support via live chat and social channels (Telegram, Discord)
User Tiers:
- Regular Users: Hold OKB (native token)
- VIP Users: Assets over $100,000 USD
While OKX lacks direct fiat bank withdrawals, its robust security, vast asset selection, and low fees make it ideal for active traders.
2. Independent Reserve – Most Secure Local Option
Independent Reserve is a MAS-licensed exchange trusted by both retail and institutional investors. It supports over 20 major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
Known for its strong security protocols and FAST SGD deposits, Independent Reserve offers a seamless experience for Singaporean users.
Pros:
- Free multicurrency e-wallet
- AutoTrader for automated strategies
- Top-tier encryption and cold storage
- Free SGD deposits/withdrawals over SG$1,000
Cons:
- Limited altcoin selection
- No mobile trading app with full features
The exchange uses a tiered fee structure starting at 0.5%, reducing with higher trading volumes. Its API access and real-time data make it suitable for experienced traders.
3. Coinhako – Best for Beginners & SGD Convenience
Coinhako, established in 2014 and MAS-registered under the Payment Services Act, is one of Singapore’s most user-friendly exchanges. It supports over 100 cryptocurrencies and offers instant SGD trading via PayNow and FAST.
The platform’s Superwallet allows storage, swapping, and trading—all in one place.
Key Benefits:
- Flat 1% trading fee
- No fees on SGD deposits or withdrawals
- Intuitive mobile app with quick buy/sell options
- Strong KYC and AML compliance
While customer support can be slow during peak times, Coinhako’s ease of use and local payment integration make it perfect for new investors.
4. Gemini – Trusted & Regulated Platform
Gemini is regulated by the MAS and holds SOC 1 & SOC 2 certifications—gold standards in cybersecurity. It supports over 100 cryptocurrencies and integrates with Nifty Gateway for NFT trading.
Why Choose Gemini?
- Two-tier platform: Simple app for beginners, Active Trader for pros
- 1.49% flat trading fee
- Cold storage for 98% of assets
- No SGD deposit fees
Despite higher fees compared to competitors, Gemini’s security and transparency appeal to risk-averse investors.
5. eToro – Ideal for Social & Copy Trading
eToro combines crypto with stocks and ETFs, offering a unique social trading experience. Its standout feature—CopyTrader™—lets users mirror trades from top performers.
Features:
- Trade over 70 cryptocurrencies
- Zero-commission crypto trades
- Virtual practice accounts
- Educational resources
While crypto selection is limited and fees can be high on leveraged trades, eToro’s social features make it engaging for learners.
6. Crypto.com – Best All-in-One Platform
With over 80 million users worldwide, Crypto.com offers more than just trading. It supports 250+ cryptocurrencies, futures, staking, and a popular Visa card with up to 5% cashback.
👉 Start earning rewards while you trade with Crypto.com’s integrated ecosystem.
Highlights:
- Low 0.6% spot trading fee (lower with CRO staking)
- Free SGD deposits and withdrawals
- Crypto Earn program with competitive APYs
Drawbacks include higher crypto withdrawal fees and occasional customer service delays.
7. Kraken – Best for Advanced Traders
Kraken offers deep liquidity across 200+ cryptocurrencies and supports spot, margin (up to 5x), and futures trading.
Although it doesn’t support SGD directly, it provides robust tools for serious traders:
- Maker fees from 0%
- Tiered pricing based on volume
- Cold storage for 95% of assets
Its Pro platform is ideal for algorithmic and high-frequency traders.
Is Crypto Legal in Singapore?
Yes—cryptocurrencies are legal but regulated. The MAS classifies them as Digital Payment Tokens (DPTs) and requires all exchanges to be licensed under the Payment Services Act.
Key Rules:
- Exchanges must implement KYC/AML procedures
- Crypto is not legal tender
- No capital gains tax on personal holdings
- ICOs allowed under securities law
This balanced framework fosters innovation while protecting consumers.
How to Choose the Right Exchange
When selecting a crypto trading platform, consider:
- MAS licensing for legitimacy
- Security measures: Two-factor authentication (2FA), cold storage
- Supported assets: More coins = more flexibility
- Fees: Compare trading, deposit, and withdrawal costs
- User interface: Especially important for beginners
👉 Compare top platforms side-by-side to find your perfect match today.
Frequently Asked Questions (FAQs)
What is the best crypto exchange for beginners in Singapore?
Coinhako and Gemini are ideal due to their simple interfaces, strong security, and SGD support.
Can I buy crypto with SGD?
Yes—most major exchanges like Coinhako, Independent Reserve, and Crypto.com support SGD deposits via bank transfer or PayNow.
Are crypto exchanges safe in Singapore?
Licensed platforms like OKX and Gemini follow strict MAS regulations, making them among the safest globally.
Do I need to pay taxes on crypto profits?
Individuals don’t pay capital gains tax on crypto in Singapore. However, businesses may be taxed on trading profits.
How do I secure my crypto account?
Enable 2FA, use strong passwords, avoid phishing links, and withdraw large holdings to a private wallet.
What are Digital Payment Tokens (DPTs)?
DPTs are digital assets like Bitcoin used for payments or investments. They’re regulated by MAS but not legal tender.
Final Thoughts
Singapore’s crypto ecosystem thrives on innovation, regulation, and accessibility. From beginner-friendly platforms like Coinhako to advanced traders’ favorites like OKX and Kraken, there’s an exchange for every need.
Prioritize security, regulatory compliance, and cost-efficiency when making your choice. With the right platform, you can confidently navigate the future of digital finance in one of the world’s most progressive markets.
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