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After hands on testing of 50+ platforms this year, we identified the 5 best crypto exchanges in Singapore, with clear pros and cons and practical tips. We compared exchanges side by side using a Singapore focused scorecard and tested the full SGD to crypto flow in real conditions.
We ranked platforms on MAS licensing or PSA exemption, smooth SGD deposits and withdrawals via FAST and PayNow, and strong security and transparency including cold storage, 2FA, withdrawal controls, and proof of reserves. We also evaluated trading usability on desktop and mobile, low transparent fees, high liquidity for low slippage execution, localized onboarding such as SingPass friendly KYC, and responsive customer support.
List of Top Crypto Trading Platforms in Singapore
400+ cryptos available, MAS licensed, and SGD support via FAST network.
Instant SGD purchases via card, Apple/Google Pay and Revolut Pay with fast settlement and transparent fees.
350+ cryptos available, MAS licensed, and SGD support via multiple services.
200+ cryptos available, MAS licensed, SGD support via FAST, PayNow & Bank Card, and seamless onboarding with SingPass.
70+ cryptos available, MAS licensed, SGD support via FAST network, insurance coverage on crypto assets.
How Did FXEmpire Choose the Best Crypto Platforms in Singapore?
- Licensing & Regulation: We focused on exchanges that are licensed or exempt under the Monetary Authority of Singapore’s Payment Services Act (PSA). MAS licensing ensures strong compliance with regulations and provides better protection for users.
- SGD Deposit and Withdrawal Option: We compared support for SGD transfers and payment methods, focusing on exchanges with on- and off-ramps through local payment options like FAST, PayNow, etc.
- Security & Transparency: We assessed each platform’s transparency and safety features, including cold storage, 2FA, withdrawal whitelists, and detailed Proof of Reserves. Strong security and clear disclosures are essential for protecting user funds.
- Trading Tools & Interface: We tested each exchange’s user interface on desktop and mobile. We favored platforms that offer an intuitive interface and beginner-friendly features, along with tools like advanced charting and complex order types.
- Low Fees: We compared maker/taker fees, fiat transfer fees, spreads, and other additional fees. Exchanges with low fees and transparent structures are more affordable and prevent unexpected charges.
- Liquidity: We evaluated each platform’s order book depth and daily trading volume. Higher liquidity guarantees smoother order execution with minimal slippage, even during volatile market conditions.
- Local User Support: We gave higher scores to platforms that offer localized onboarding, including support for SingPass KYC integration. This ensures fast identity verification and a smoother onboarding process that is ideal for beginners.
- Customer Support: We evaluated the responsiveness of each platform’s customer support via live chat, email, and support center, preferring platforms that offer fast, helpful support and offer comprehensive FAQ sections.
- Tax Reporting Tools: While Singapore doesn’t enforce Capital Gains Tax on investments, we favored platforms that offer transaction exports and integration with local tax software, in case you are liable for Income Tax on crypto activity.
Best Crypto Exchanges in Singapore Comparison Table
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Crypto.com | 4.3 Read Review | 0.5% / 0.25% | 430 | Yes | +5 | Full KYC Required |
Paybis | No Rating Read Review | 4.5% / 4.5% | 84 | No | +6 | Optional for purchases up to 1,000 USD (mandatory in certain regions and for all Sell Crypto transactions) |
OKX | 4.6 Read Review | 0.1% / 0.08% | 296 | Yes | +6 | YES |
Coinbase Exchange | 4.1 Read Review | 1.2% / 0.6% | 356 | Yes | +6 | Yes |
Gemini | 3.6 Read Review | 0.4% / 0.2% | 82 | Yes | +3 | Yes |
Best Overall
- 430Available Crypto
- Payment Methods+3
- FeesLow
Why We Picked It
Crypto.com is a Singapore-based exchange regulated by MAS. It provides a comprehensive crypto platform with features like trading, staking, a Visa card, and an in-app fiat wallet that meet local regulatory standards. Its intuitive mobile app offers a seamless, all-in-one solution for beginners and experienced users.
- MAS Regulated: Crypto.com holds a Major Payment Institution License in Singapore, ensuring full compliance with local regulations to provide digital payment services under Singapore’s Payments Services Act.
- Seamless SGD Support: SGD support via the FAST Network offers users a zero-fee way to deposit SGD. Payments are free and usually processed instantly.
Pros and Cons
Pros
- 400+ cryptos available
- Supports SGD payments (FAST network)
- Offers Visa card with cashback rewards
- MAS regulated
- $750 million insurance fund
Cons
- Low liquidity on some coins
- Higher trading fees (0.25% maker/0.5% taker)
Best for Quick Buy
No Rating Available
- -Available Crypto
- Payment Methods+4
- Fees-
Why We Picked It
Paybis is a Europe-based platform that has become popular in Singapore for offering a smooth, instant crypto buying experience. Its instant KYC verification and instant settlement with SGD support make it one of the fastest on-ramping platforms in the region.
- Direct SGD Support: Paybis lets users quickly and easily buy crypto with SGD, with support for Bank Card, Apple/Google Pay, Revolut Pay, and SWIFT Transfer.
- Instant Settlement: Transactions via Bank Card, Apple/Google Pay, and Revolut Pay are settled instantly, with the crypto being deposited to your wallet within minutes.
- Transparency & Regulation: Paybis is fully transparent about its fees, showing a full breakdown before you confirm the transaction. It is also regulated in the US and Canada, ensuring the platform complies with the strictest financial regulations.
Pros and Cons
Pros
- 80+ cryptos available
- Supports SGD (bank card, Apple/Google Pay, Revolut Pay & SWIFT Transfer)
- Zero-fee first transaction
- Optional KYC up to $1,000
Cons
- Not MAS regulated
- Higher fees than competitors
- No advanced trading features
Best for Low Fees
- 296Available Crypto
- Payment Methods+4
- FeesLow
Why We Picked It
OKX is a Seychelles-based exchange that secured its MAS license in late 2024. Known globally for its advanced trading tools, low fees, and wide crypto selection, OKX has tailored its platform for Singaporean users with strong regulatory compliance and local payment support.
- Low Trading Fees: OKX offers some of the lowest fees in Singapore: spot trading from 0.08% maker / 0.1% taker, and futures fees as low as 0.02% / 0.05%. High-volume traders benefit from tiered discounts, with spot maker fees as low as -0.005%.
- Free SGD Deposits: SGD deposits via PayNow or FAST/MEPS are instant and free. International wires are also supported, with a flat $2 fee.
- Regulation & Transparency: OKX is fully MAS-licensed under the MPI framework and provides detailed Proof of Reserves, offering users full transparency and compliance assurance.
Pros and Cons
Pros
- 350+ cryptos available
- Supports SGD payments (FAST/MEPS, PayNow, SWIFT)
- Low trading fees (0.8%/0.1% spot)
- MAS regulated
Cons
- No Lite Mode for beginners
- Poor customer service
Best for SGD Deposits and Withdrawals
- 356Available Crypto
- Payment Methods+4
- FeesHigh
Why We Picked It
Coinbase is a NASDAQ-listed exchange that operates in Singapore through its local subsidiary. It is fully regulated by MAS and offers a smooth onboarding process with SingPass integration. Users can easily buy over 200 cryptocurrencies using either the Simple or Advanced trading interface.
- Range of SGD Payment Methods: Users can deposit and withdraw SGD via FAST, PayNow, or bank cards, with instant transactions and zero fees.
- Seamless SingPass Onboarding: New users can complete KYC quickly and securely using SingPass, offering a streamlined experience tailored to Singapore residents.
- Security & Regulation: As an S&P 500 company and MAS-regulated exchange, Coinbase follows strict compliance standards in both Singapore and the U.S., ensuring user funds are stored securely.
Pros and Cons
Pros
- 200+ cryptos available
- Supports SGD payments (FAST, PayNow, Bank Card)
- Separate Beginners & Advanced platforms
- MAS regulated
Cons
- Higher spot trading fees than competitors
- No detailed Proof of Reserves
- Recent security breaches in 2025, 2023, 2021
Best for Secure Trading
- 82Available Crypto
- Payment Methods+1
- FeesHigh
Why We Picked It
Gemini is a US-based exchange known for its institutional-grade security and regulatory compliance. It caters to Singaporean users with SingPass-based onboarding and is one of the few MAS-licensed platforms offering insurance coverage on crypto assets.
- Top-Tier Security & Compliance: Gemini holds an MPI license from MAS and is certified with SOC 1, SOC 2, and ISO 27001. It undergoes regular third-party security audits.
- Comprehensive Protection: User assets are stored in cold storage and covered by custodial insurance. Security features include 2FA, biometric login, passkey support, and withdrawal whitelisting.
- Free & Instant SGD Transfers: Users can fund their accounts with up to 200,000 SGD per transfer via the FAST network, with zero deposit fees.
Pros and Cons
Pros
- 70+ cryptos available
- Supports SGD payments (FAST Network)
- Leading security certifications
- Insurance coverage on deposits
- MAS Regulated
Cons
- Fewer supported cryptos than competitors
- No detailed Proof of Reserves
How to Choose the Best Crypto Exchange for Singaporean Traders?
What Is the Current State of Crypto Regulation in Singapore?
Singapore regulates digital assets under the Payment Services Act (PSA) of 2019 and the newer Financial Services and Markets Act (FSMA). As of 2025, all crypto exchanges and service providers must obtain a Digital Token Service Provider (DTSP) license by June 30. This requires meeting strict AML/CFT standards, passing audits, and implementing risk controls. Non-compliance may lead to fines up to SGD 250,000 or three years in prison.
Firms serving overseas clients from Singapore must also be licensed or shut down, as MAS discourages such models due to money laundering risks. These steps reflect Singapore’s push for a secure and transparent crypto market.
What Crypto Taxes Do I Have to Pay in Singapore, and How Do I Report Them?
Singapore doesn’t tax profits from crypto investments under Capital Gains Tax, as long as they are personal investments. However, Income Tax can apply to profits from actively trading, staking rewards, and profits from crypto-related businesses.
We recommend users keep a record of all trades, including dates, amounts, and value in SGD. Taxpayers who are required to pay Income Tax should report their earnings via IRAS, with documentation to justify income sources.
How to Choose a Safe Crypto Exchange in Singapore?
When selecting a crypto exchange in Singapore, look for the following:
- Licensed by the Monetary Authority of Singapore (MAS)
- Bank-grade security features such as cold storage, two-factor authentication, and withdrawal whitelists
- Transparent Proof of Reserves and third-party security audits
- Support for SGD payments and local banking methods
- Responsive customer support and a strong reputation among users
- A clean security record with no recent breaches or regulatory violations
How Do You Protect Your Crypto Assets When Using Exchanges in Singapore?
To keep your assets secure:
- Enable two-factor authentication (2FA) using Google Authenticator and set up withdrawal whitelists
- Keep only small amounts of crypto on exchanges for active trading
- Store long-term holdings in a hardware wallet
- Set up anti-phishing codes and avoid clicking any links not directly from the exchange
What SGD Payment Methods Can I Use on Crypto Exchanges?
| Payment Method | Typical Deposit Fee | Typical Withdrawal Fee | Processing Times | Exchange |
| Bank Wire Transfers (FAST Network) | Free | Free | Instant | Crypto.com, Coinbase, OKX, Gemini |
| MEPS | Free | Free | Instant | OKX |
| Bank Card | Up to 4% | Up to 4% | Instant | Coinbase |
| PayNow | Free | Free | Instant | Coinbase, OKX |
| SWIFT | $2 | $2 | Up to 5 business days | OKX |
Is P2P Trading Available in Singapore for Buying Crypto?
Yes, P2P crypto trading is permitted in Singapore on licensed platforms like OKX. Users can trade directly using local payment methods without trading fees and 24/7 support. To stay safe, trade only with verified merchants and use platforms with escrow protection.
All exchanges offering P2P services must comply with MAS regulations, including licensing and AML/CFT requirements.
What Fees to Consider When Choosing a Crypto Exchange?
When selecting a crypto exchange in Singapore, be aware of the following common fees:
- Trading Fees: Maker and taker fees charged for placing or matching orders.
- Interest or Funding Fees: Applied when margin trading or maintaining futures positions.
- Spread Fees: Often hidden in Quick Buy/Sell options, where exchange rates may be less favorable.
- Deposit and Withdrawal Fees: Can apply to both crypto and SGD transactions.
- Inactivity Fees: Charged by some platforms if your account remains unused for a long period.
- Currency Conversion Fees: May apply when trading non-SGD pairs, though some exchanges offer zero-fee promotions or discounts.
What Are Common Crypto Scams in Singapore and How Can You Avoid Them?
Crypto scams in Singapore often involve phishing links, fake investment sites, unregulated exchanges, and impersonators posing as support agents. To stay safe:
- Always check URLs and avoid links from unknown sources.
- Steer clear of any platform offering “guaranteed returns.”
- Use only MAS-regulated exchanges.
- Never share login or KYC info with anyone claiming to be support.
- When using P2P, trade only with verified merchants and use escrow services.
FAQ
About the Author
Shennon HewaCrypto Exchange Analyst
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
Why you can trust FXEmpire
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.
Why you can trust FXEmpire
Table of Contents
- List of Top Crypto Trading Platforms in Singapore
- How Did FXEmpire Choose the Best Crypto Platforms in Singapore?
- Best Crypto Exchanges in Singapore Comparison Table
- Best Overall
- Best for Quick Buy
- Best for Low Fees
- Best for SGD Deposits and Withdrawals
- Best for Secure Trading
- How to Choose the Best Crypto Exchange for Singaporean Traders?
- FAQ