Cryptocurrency has seen a huge boost in popularity this decade, with many new investors in Singapore jumping on board. No one wants to miss out on the next bull run and a chance at a big pay day, but you need to make sure you are using a trustworthy crypto exchange that is legitimate and secure. There are lots of safe crypto exchanges, but there are also plenty of scams that take advantage of your lack of knowledge.
To get you started safely, I test out dozens of exchanges to check they are legitimate, and won’t list any that are found to be scams. You can trust the information you find on this site to be accurate, up to date, and based on data and tests.
I hope I can help you start a lifelong crypto journey, and let’s begin with my list of the best crypto exchanges in Singapore.
| # | Platform | Best for | Highlights | |
|---|---|---|---|---|
| 1 | GeminiMost secure | Most secure | NYSDFS-regulated, FDIC on USD | Visit |
| 2 | KrakenBest for low fees | Low fees | 0.16% / 0.26% fees, staking | Visit |
| 3 | Crypto.comBest for staking | Staking | 250+ coins, up to 12.5% staking | Visit |
| 4 | Independent ReserveMAS-approved + insurance | MAS-approved | SGD support + crypto insurance | Visit |
Most secureGeminiA US-regulated exchange (NYSDFS) with bank-grade security and FDIC-protected USD.
Best for low feesKrakenLow maker/taker fees, strong security, plus staking and forex.
Best for stakingCrypto.comA top mobile app with 250+ coins and staking rewards up to 12.5%.
MAS-approved + insuranceIndependent ReserveMAS-approved, SGD-supporting exchange with crypto insurance.
1Gemini
Gemini is perfect for Singaporean users, as it accepts direct deposits in SGD, so you can start trading right away, with over 90+ different cryptocurrencies. The exchange is great for both beginners and experienced crypto investors, as there are two different interfaces that you can easily switch between. There is a basic interface to get newcomers comfortable with cryptocurrency, and a more advanced trading platform that seasoned traders will enjoy.
Gemini also offers a wide array of additional features such as Gemini Earn, Gemini Pay, Gemini Wallet and Gemini Custody that make their platform worth exploring. There is also a mobile app so you can always keep an eye on your portfolio, and trade no matter where you are.
Trading fees are not the lowest on the market, but you are paying for the peace of mind that comes with using one of the world’s most secure crypto exchanges. Maker fees are 0.25% and taker fees are 0.35%, and they can both be reduced if you are a high-volume trader.
- Security comes first with Gemini, and a heavy focus on regulation and compliance means your funds are extremely safe, with insurance cover as well
- Offers 90+ cryptocurrencies that you can buy with SGD
- Offers a huge number of options: Direct buying, Advanced ActiveTrader interface, Auction support, and Electronic block trades
- High liquidity due to a large customer base
Related articles:Gemini vs Coinbase, Gemini vs Kraken
Pros
- One of the most secure exchanges in the world
- Regulated by the NYSDFS
- FDIC protection on US Dollar balances
- Industry-leading security standards
- Trusted, established brand (2014)
Cons
- Higher fees on the simple interface
- Fewer coins than the largest exchanges
2Kraken
- Low trading fees of 0.16% for makers and 0.26% for takers
- Access to over 200+ cryptocurrencies
- Live Chat support available 24/7
- Additional features include futures trading, margin trading, forex trading, OTC desk
Related articles: Kraken vs Coinbase, Kraken vs Gemini, Kraken vs KuCoin
Pros
- Low trading fees (0.16% maker / 0.26% taker)
- Excellent security measures
- Spot, margin and futures trading
- Staking and forex trading
- Very simple to use
Cons
- Fees higher than some zero-fee exchanges
- Pro interface has a learning curve
3Crypto.com
- Crypto.com Visa debit card with up to 5% cashback on purchases and additional benefits, such as Airport Lounge access
- Crypto.com’s own CRO coin comes with many benefits if you stake on their platform
- Offers access to more than 250+ cryptocurrencies
- Insurance cover on cryptocurrencies
- Staking on over 40+ coins, and receive up to 12.5% APY
Related articles: Crypto.com vs Coinbase
Pros
- Excellent mobile crypto app
- 250+ cryptocurrencies
- Stake 40+ coins for up to 12.5% interest
- Higher rates for longer lock-in periods
- Strong security and compliance
Cons
- Staking rates depend on lock-in period
- Some features vary by region
4Independent Reserve
- Supports SGD, so no need for currency conversions
- 27 cryptocurrencies available
- Premium accounts receive telephone support and crypto insurance cover
Read Independent Reserve review
Pros
- Approved by the Monetary Authority of Singapore (MAS)
- Supports SGD as a fiat currency
- Crypto insurance for added protection
- Long-standing platform (since 2013)
- Easy access for Singaporean users
Cons
- Smaller coin selection than global giants
- Primarily focused on major coins
Frequently Asked Questions
Is Singapore banning crypto?
As far as we are aware, there are no plans to ban crypto in Singapore. However, the Monetary Authority of Singapore (MAS) has placed limits on the advertising and promotion of cryptocurrency services to protect investors.
Which crypto exchanges are MAS-approved in Singapore?
Independent Reserve and DBS Vickers are among the providers approved by the Monetary Authority of Singapore (MAS). Several other exchanges operate under exemptions as MAS continues to roll out its formal licensing framework under the Payment Services Act.
Is Crypto.com legit in Singapore?
Yes. Crypto.com is a legitimate, widely used app that Singaporeans can use to buy, sell and stake cryptocurrency.
Is Binance legal in Singapore?
Binance.com no longer serves Singapore residents directly, so you will need to choose another exchange — see our list above for the best options.
Can I use Coinbase in Singapore?
Coinbase is available in Singapore but with heavy restrictions — you cannot sell crypto on it, nor withdraw SGD. There are better options for Singaporeans in our list above.
Is KuCoin legal in Singapore?
There have been regulatory questions around KuCoin operating in Singapore. While some users still trade there, we would recommend using one of the MAS-regulated platforms from our list above instead.