The world of cryptocurrency continues to evolve rapidly, and for investors in Singapore, choosing the right platform to buy, trade, and manage digital assets is more important than ever. With over 229 crypto exchanges globally, navigating the options can be overwhelming—especially when local regulations and access limitations come into play.
In Singapore, the Monetary Authority of Singapore (MAS) enforces strict compliance under the Payment Services Act (PSA), meaning not all international exchanges are available. This guide breaks down the top crypto exchanges accessible to Singaporeans in 2025, focusing on key factors like fees, supported coins, deposit methods, and regulatory status.
Whether you're a beginner looking for a user-friendly interface or an experienced trader seeking low fees and advanced tools, this overview will help you make an informed decision.
Key Factors When Choosing a Crypto Exchange
Before diving into specific platforms, it's essential to understand what makes one exchange better than another for your needs. Here are the core criteria to consider:
- Number of cryptocurrencies offered – More options mean greater flexibility in portfolio diversification.
- Trading fees – Lower fees increase your long-term returns, especially for frequent traders.
- Withdrawal and deposit fees – Hidden costs can add up quickly.
- Fiat on-ramps – How easily can you deposit SGD via FAST, PayNow, or cards?
- Regulatory compliance – Exchanges licensed or exempted under MAS provide greater peace of mind.
These elements shape the overall user experience and security of your investments.
Top Crypto Exchanges in Singapore
Crypto.com – Best for Low Fees and Wide Coin Selection
Crypto.com stands out as one of the most competitive exchanges for Singapore users. With over 523 cryptocurrencies available, it offers one of the broadest selections in the market.
Trading fees start at just 0.075% for spot trades, among the lowest in the industry. Users who stake CRO tokens or achieve VIP status enjoy even lower rates. There are no fees for SGD deposits via FAST transfer, making it cost-effective to fund your account.
The platform also features a sleek mobile app with intuitive navigation—ideal for both new and experienced investors. While the Crypto.com Card has lost some appeal due to recent term changes, it remains a viable option for those spending significant amounts on crypto purchases.
👉 Discover how low-fee trading can boost your returns over time.
Coinhako – Best for Ease of Use and Local Support
As a homegrown Singapore startup, Coinhako has earned strong local trust. It supports SGD deposits through FAST, PayNow, bank transfers, and even StraitsX and GrabPay—making it one of the most convenient platforms for fiat onboarding.
Trading fees are fixed at 0.6%, which is higher than some competitors but reasonable given the ease of use. The mobile-first design ensures smooth trading without needing a desktop.
Importantly, Coinhako holds a Major Payment Institution (MPI) Licence from MAS, confirming its compliance with local financial regulations. This licensing upgrade in 2022 replaced its earlier exemption status, enhancing transparency and operational legitimacy.
You can also withdraw SGD directly to your bank account—a feature not all exchanges offer.
Tokenize Xchange – Worthy Mention for Singapore-Based Investors
Headquartered in Singapore, Tokenize Xchange offers a unique value proposition with tiered membership models that reduce fees significantly for active users.
Standard trading fees sit at 0.6%, but Premium and Platinum members enjoy reductions down to 0.05% for fiat-to-crypto trades and 0.01% for crypto-to-crypto trades.
Membership requires holding or staking TKX tokens:
- Premium: 30 TKX/year (~US$180)
- Platinum: 80 TKX + 720 TKX staked/year (~US$4,800)
Fiat funding options include:
- Debit/credit card (2.9% fee)
- StraitsX (0.3% fee)
- GrabPay (1.5% fee)
- Bank transfer (exclusive to Premium/Platinum members)
The ability to use GrabPay is particularly appealing for casual investors looking for quick top-ups.
Other Notable Platforms
Coinbase – Trusted Global Name with Strong Oversight
Coinbase is a U.S.-listed company known for transparency and regulatory compliance. It offers around 238 cryptocurrencies and charges a flat 0.6% trading fee.
While not the cheapest option, its MAS exemption status adds credibility. The platform supports FAST transfers and debit/credit card payments, making SGD deposits straightforward.
Coinbase Pro provides lower fees for high-volume traders, making it suitable for those scaling their activity.
Independent Reserve – Focused on Security and Stability
With 30 supported cryptocurrencies, Independent Reserve takes a conservative approach. However, it compensates with strong security protocols and tight regulatory oversight under the PSA.
Trading fees range from 0.5% to 0.02%, depending on volume. Withdrawal fees start at S$1.50, and FAST deposits below S$1,000 incur a S$2.50 fee.
This exchange appeals to risk-averse investors prioritizing safety over variety.
Kraken – International Option with Advanced Tools
Kraken supports 224 coins and offers robust tools for technical traders, including futures and margin trading on the global platform.
However, Kraken is not exempted under MAS regulations, so SGD support is limited. Deposits are processed via SWIFT (in USD), which may incur high banking fees.
Still, its reputation for security and deep liquidity makes it worth considering for experienced users comfortable managing cross-border transactions.
Frequently Asked Questions (FAQ)
Q: Are crypto exchanges in Singapore regulated?
A: Yes. The Monetary Authority of Singapore (MAS) regulates crypto firms under the Payment Services Act (PSA). Only licensed or exempted entities can operate legally.
Q: Can I deposit SGD into crypto exchanges?
A: Yes—most compliant exchanges support SGD deposits via FAST, PayNow, or bank transfer. Some also accept cards or digital wallets like GrabPay.
Q: Is my cryptocurrency insured like bank deposits?
A: No. Unlike cash in banks (insured up to S$75,000 by SDIC), crypto holdings are not insured. You must secure your assets independently.
Q: Should I keep my crypto on an exchange?
A: For long-term holding, it's safer to transfer your crypto to a personal wallet ("Not your keys, not your coins"). Exchanges are vulnerable to hacks or insolvency.
Q: Why did Binance stop services in Singapore?
A: Binance.sg voluntarily withdrew its application to operate a regulated exchange in Singapore and ceased services in early 2022 due to compliance challenges.
👉 Learn how secure self-custody can protect your digital wealth.
Final Thoughts
Choosing the best crypto exchange in Singapore depends on your priorities—whether it's low fees, ease of deposit, regulatory safety, or coin variety.
Crypto.com leads in affordability and selection, Coinhako excels in local accessibility, and Tokenize Xchange offers rewarding tiers for committed users. Meanwhile, platforms like Coinbase and Independent Reserve provide stability backed by compliance.
As the crypto landscape shifts—evidenced by past collapses like FTX—the importance of due diligence cannot be overstated. Always verify an exchange’s MAS status, understand fee structures, and prioritize asset control by using personal wallets for long-term storage.
👉 Start your secure crypto journey today with trusted tools and strategies.
Note: Regulations change frequently. Always check the latest MAS lists for approved payment institutions and exempted entities before investing.