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We discuss the best crypto exchanges in Singapore in this article. We tested and evaluated 133 cryptocurrency exchanges in 8 different categories. We analyzed all characteristics of their service, including costs, mobile apps, funding options, customer service, assets, liquidity, and safety protocols.
The highest-scoring trading platforms are below.
Top 5 Crypto Exchanges In Singapore
- Gemini – the best crypto exchange in Singapore.
- Kraken – Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors.
- Coinbase – Great trading platform and low fees.
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Crypto.com – Best for asset diversity.
Best Crypto Exchanges In Singapore – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Gemini | 4.5 | In-house hot wallet, access to different coins | 0.01%/0.00% | $808,571 |
| #2 | Kraken | 4.5 | Most trusted exchange | 0.16%/0.26% | $53,964,331 |
| #3 | Coinbase | 4.4 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #4 | Binance | 4.3 | Best altcoin portfolio | 0.1% /0.1% | $806,899,070 |
| #5 | Crypto.com | 4.3 | Best for asset diversity | 1.8%/2.75% | $68,571 |
This section below breaks down the best crypto trading platforms in Singapore, beginning with the best rated…
1. Gemini – Best Overall Crypto Exchange In Singapore
Gemini is a leading exchange platform in Singapore with professional trading tools. It offers valuable customer service, real-time updates, and many advanced features. Gemini provides access to a crypto rewards credit card.
This exchange platform has a simple design and rapid access to a good asset portfolio. It has 109 altcoins, including less popular coins. Gemini has high trading fees but offers an excellent in-house hot wallet.
Pros
- Well regulated
- Highest security standards
- Trading platform is easy and intuitive to use
- Very good crypto wallet
- Very good mobile application
Cons
- Derivatives are not available
- Trading fees are above industry average
- Slow customer support
Key features
- Spot crypto trading
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
- Automated trading
- Gemini pay service
- Provide set of services for corporations, wealth and asset managers and hedge fund managers
- Proprietary Gemini USD token
2. Kraken – Best Bitcoin Trading Platform In Singapore
Kraken is a reliable Bitcoin trading platform with a long-standing operational history. It offers impressive safety measures and up-to-date platforms. Kraken is a good fit for professionals who want access to low trading fees, margin, and futures trading options.
This exchange platform has multiple order types, quick buy features, and attractive learning tools. Kraken has a good coin selection and access to leading cryptos, including Bitcoin and Ethereum. It offers exchange consultation and management services.
Pros
- Great offer of different crypto trading instruments
- Very competitive trading fees
- Very good trading platform
- Highest security standards
- Very good trading volumes
- Very good mobile trading application
- Wide range of educational materials
Cons
- Not beginner friendly
- Slow customer support
Key features
- Spot and margin crypto trading
- Crypto earn, staking, crypto bank
- Kraken account management
- Serve corporations, wealth managers, investment funds
3. Coinbase – Best Exchange With A Beginner-Friendly Interface
Coinbase is a top beginner-friendly exchange with straightforward buy, sell, and exchange solutions. It offers 112 cryptocurrencies and many rewards for crypto trading. Coinbase has fees above the industry average.
This exchange has a professional platform for experienced crypto enthusiasts. Coinbase Pro offers a lower fee structure and professional tools. It has advanced charting, indicators, and market data. Coinbase has average customer service.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
4. Binance – Best Exchange With Low Fees
Binance is the most extensive crypto exchange in the industry and offers competitive fees. It has a versatile portfolio with access to both popular and less popular asset classes. Binance is a good fit for traders in Singapore who want access to high spot trading volumes.
This exchange has many premium account features. It offers access to OTX trading, advanced order types, and staking rewards. Binance offers up to 10% in rewards for staking different coins over time.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
5. Crypto.com – Best Crypto App In Singapore
Crypto.com is a top choice for traders who want access to a fast and modern crypto trading app. It offers many features, including staking, investing, and crypto trading. Crypto.com offers e-wallets and a proprietary credit card.
The Crypto.com app is secure and has an intuitive design. It is straightforward and offers rapid trade execution. Account holders receive bonuses for holding different cryptos over time. Crypto.com offers 256 coins, including Bitcoin, Ethereum, and Litecoin.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
How To Select A Crypto Exchange?
To select a crypto exchange, you must consider factors like fees, apps, platform availability, funding solutions, customer service, asset portfolios, liquidity, and security.
Fees: Don’t choose an exchange with hidden trading costs and high fees on trades.
Trading Platforms: An intuitive trading platform contributes to an excellent trading experience. Search for a provider with fast executing trading platforms.
Mobile Trading: Apps need to offer the same tools and charts as their other versions.
Deposit & Withdrawals: Search for an exchange with access to many funding options and withdrawal solutions.
Assets: Avoid exchange platforms that don’t offer access to leading cryptocurrencies. Providers not providing popular altcoins might not offer a good trading experience.
Customer Support: All traders benefit from access to a professional customer service team available in their language.
Liquidity: To ensure your ability to sell your cryptos, you should consider a platform with high trading volumes and liquidity.
Security: Focus on exchanges with top-tier licenses, proof of funds, and a good reputation.
Regulation Of Cryptocurrency Exchanges In Singapore
The regulation of cryptocurrency exchanges in Singapore is under the supervision of the Monetary Authority of Singapore (MAS). MAS is the main financial regulatory authority for all crypto and digital asset exchange activities. All Singaporean exchanges must request a valid license to operate in the country. Exchanges with headquarters outside Singapore don’t need a MAS license.
Is Cryptocurrency Trading Legal In Singapore?
Trading crypto coins in Singapore is legal. Digital coins are not legal tender, and citizens of Singapore cannot use cryptos for commercial purposes. Crypto gains are subject to taxation under the Goods and Services tax regulation.
How To Start Trading With – Gemini
Gemini is a popular exchange in Singapore with trustworthy services. It has a competitive fee structure, access to a valuable portfolio, and intuitive platforms. To start trading with Gemini, you need to follow the steps below.
Step 1: Go to the Gemini official website
Access the Gemini official website under this link here: https://www.gemini.com.
Step 2: Click on the “Get Started” button
Search and click on the “Get Started” button. Fill in the requested information to open a new Gemini account.
Step 3: Verify your account
To trade crypto coins with Gemini, you must open an account, verify your account, and make the first deposit. These steps will allow you to use your Gemini account for holding, staking, buying, and selling cryptocurrencies.
Step 4: Buy crypto coins with Gemini
You don’t have to buy a full coin to own cryptocurrency. You can buy, sell, and hold fractions of each digital currency.
Conclusion
We recommend Gemini as the best exchange for traders in Singapore. Gemini provides access to a transparent fee structure, an intuitive trading app, and valuable tools. Kraken is our second choice because of its secure Bitcoin trading platform and professional order types.
FAQ
What Is A Centralized Digital Exchange?
A centralized digital exchange represents a private provider that complies with strict rules and offers industry-leading platforms. Centralized exchanges provide trustworthy trading solutions and request identification, known as the Know Your Customer (KYC) rule.
What Is A Decentralized Digital Exchange?
A decentralized digital exchange (DEX) is a service provider that doesn’t follow any rules and doesn’t have a central control point. DEXs function with an “automated market maker protocol” and rely on user-generated liquidity pools. A DEX is challenging to hack directly and comes with increased risks if misused. DEXs usually provide higher staking rewards than centralized exchanges. Traders should know that choosing this type of exchange has increased benefits and risks.
How To Buy Cryptos Through An Exchange?
You should buy cryptos through a secure, centralized exchange. Centralized crypto exchanges let you buy digital assets with fiat money from a credit/debit card or bank account deposit. These providers offer secure tools for swapping fiat currency into digital coins.
Is Crypto Trading Legal In Singapore?
Yes, crypto trading is legal in Singapore, and citizens use Bitcoin ATMs, exchanges, and some banks for their trading.
Is Cryptocurrency Taxable In Singapore?
Capital gains from crypto trading might be subject to taxation in Singapore.
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