Best Crypto Exchange In Singapore In 2022

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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

  1. Geminithe best crypto exchange in Singapore.
  2. Kraken – Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors.
  3. Coinbase – Great trading platform and low fees.
  4. Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
  5. Crypto.com – Best for asset diversity.

Best Crypto Exchanges In Singapore – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1Gemini4.5In-house hot wallet, access to different coins0.01%/0.00%$808,571
#2Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#3Coinbase4.4Best crypto trading platform1.99%/1.99%$451,706,550
#4Binance4.3Best altcoin portfolio0.1% /0.1%$806,899,070
#5Crypto.com4.3Best for asset diversity1.8%/2.75%$68,571

This section below breaks down the best crypto trading platforms in Singapore, beginning with the best rated…

01. Gemini: Best Overall Crypto Exchange In Singapore 

gemini-rating

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. 


02. Kraken: Best Bitcoin Trading Platform In Singapore 

kraken-rating

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. 


03. Coinbase: Best Exchange With A Beginner-Friendly Interface 

coinbase-UAE-rating

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. 


04. Binance: Best Exchange With Low Fees 

binance-rating

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. 


05. Crypto.com: Best Crypto App In Singapore 

crypto.com-rating

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. 


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. 


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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