A message from Gracie Lin, CEO of OKX Singapore.
Today, I’m proud to announce a significant milestone for our customers in Singapore: the launch of instant, zero-fee SGD deposits and withdrawals powered by DBS Bank. As one of the world’s leading digital asset platforms to integrate directly with local banking infrastructure, this advancement marks a pivotal step toward making crypto more accessible, seamless, and user-friendly for everyone in the country.
This isn’t just a feature upgrade — it’s a commitment to building a financial future that works for Singaporeans, by Singaporeans.
👉 Discover how fast and secure SGD transactions can be on a global platform.
Why Instant SGD Access Changes Everything
Having spent years navigating both the traditional financial and technology sectors, I’ve seen how the right infrastructure can revolutionize user experience. Too often, entering the digital asset space has been hindered by slow transfers, hidden fees, and complex conversion processes. Our new local payment rails eliminate these barriers entirely.
Now, users can deposit SGD instantly via PayNow and withdraw funds through FAST (Fast And Secure Transfers) — both free of charge. These are systems Singaporeans already use and trust every day. By integrating them directly into the OKX platform, we’re bridging the gap between traditional banking and digital finance.
Whether you're trading on our mobile app or web platform, you no longer need to navigate multiple intermediaries or endure lengthy settlement times. Your SGD moves as quickly as your ideas — in real time.
This means:
- No more waiting hours (or days) for deposits to clear.
- Zero transaction fees on SGD inflows and outflows.
- Seamless trading with a fiat currency you know and use daily.
For a step-by-step guide on how to deposit and withdraw SGD, visit our support center.
Built on Trust: Security and Regulatory Compliance
At OKX Singapore, innovation never comes at the cost of security or compliance. We operate as a licensed Major Payment Institution (MPI) under the strict regulatory oversight of the Monetary Authority of Singapore (MAS). This license isn’t just a badge — it’s a promise to uphold the highest standards in financial integrity and customer protection.
Our integration with Singapore’s established banking infrastructure ensures bank-grade security for every transaction. When you send or receive SGD via PayNow or FAST, you’re leveraging the same secure networks used by major banks across the nation.
We’ve also enhanced our onboarding process with Singpass verification, allowing new users to complete identity checks in under a minute. This blend of speed and security reflects our mission: to make digital assets accessible without compromising on safety.
We believe the future of finance lies at the intersection of innovation and regulation — and we’re building that future right here in Singapore.
What’s Next for OKX in Singapore?
This milestone is just the beginning. As CEO, my vision is clear: to create a digital asset platform that doesn’t just serve Singaporeans, but is shaped by their needs.
Our local team is already working on the next wave of product enhancements — from expanded trading pairs and staking options to deeper financial integrations that align with how people manage money today. Every new feature will continue to prioritize three core principles: security, compliance, and user-centric design.
We’re also investing in education and community engagement to help users make informed decisions in the digital asset space. Because true accessibility isn’t just about faster transactions — it’s about empowering people with knowledge and tools they can trust.
👉 See what’s possible when global technology meets local financial infrastructure.
Frequently Asked Questions
Q: Are SGD deposits and withdrawals really free?
A: Yes. There are no fees for SGD deposits via PayNow or withdrawals via FAST. This is part of our commitment to reducing friction for users in Singapore.
Q: How fast are SGD transactions?
A: Deposits via PayNow are processed instantly. Withdrawals through FAST are typically completed within minutes during banking hours.
Q: Do I need to be a verified user to use SGD transfers?
A: Yes. You must complete identity verification, including Singpass authentication, to access fiat deposit and withdrawal services.
Q: Is OKX regulated in Singapore?
A: Yes. OKX holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), ensuring full compliance with local financial regulations.
Q: Can I trade directly with SGD after depositing?
A: Absolutely. Once your SGD is in your account, you can immediately start trading supported cryptocurrencies on the OKX platform.
Q: Will more local payment options be added in the future?
A: We’re continuously exploring ways to improve local access. Stay tuned for updates as we expand our payment rail integrations.
A Platform Built for the Future
Our journey in Singapore reflects a broader global vision: to build a digital financial ecosystem that’s inclusive, secure, and efficient. By anchoring our services in local infrastructure while maintaining global standards, we’re setting a new benchmark for what a crypto platform can be.
This launch is more than a technical achievement — it’s a statement of intent. We’re not just entering the market; we’re investing in it, growing with it, and listening to it.
To every user in Singapore: thank you for being part of this journey. Your feedback shapes our roadmap, and your trust fuels our progress. Let’s continue building the future of finance — together.
👉 Experience instant, secure, and free SGD transactions today — the future of crypto access is here.
This content is provided for informational purposes only and may cover products or services not available in your region. It does not constitute (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets; or (iii) financial, accounting, legal, or tax advice. Digital asset holdings involve significant risk and may fluctuate in value. Please consult your professional advisor before making any decisions based on your personal circumstances. Information provided is for general use only — while we take care in compiling data, we do not guarantee accuracy or completeness.