Best Crypto Exchanges in Singapore

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When it comes to investing in digital assets, choosing the right cryptocurrency exchange is crucial—especially in a highly regulated and financially advanced market like Singapore. With increasing adoption and strict oversight from the Monetary Authority of Singapore (MAS), local investors need platforms that are secure, compliant, and easy to use. This guide explores the top crypto exchanges available to Singaporeans, evaluating them based on regulation, fees, supported currencies, usability, and security.

Whether you're a beginner looking for a user-friendly app or an experienced trader seeking advanced tools, this comprehensive review helps you make an informed decision in 2025.

Why Choosing the Right Crypto Exchange Matters

The crypto landscape in Singapore is rapidly evolving. As one of Asia’s most progressive financial hubs, the country has embraced blockchain innovation while maintaining strong consumer protections. That means only exchanges with proper licensing and robust security measures should be considered.

Key factors to evaluate include:

Let’s dive into the best platforms currently serving Singaporean users.

Top Crypto Exchanges in Singapore Reviewed

1. Independent Reserve – Trusted & MAS-Licensed

Independent Reserve stands out as Singapore’s first fully licensed crypto exchange under the Payment Services Act by the MAS. Established in 2013, it serves over 200,000 users across Australia, New Zealand, and Singapore.

Key Features:

While Independent Reserve doesn’t support crypto-to-crypto trading pairs, it excels in simplicity and compliance. Its interface is intuitive, and it integrates TradingView charts for technical analysis.

👉 Discover a secure, MAS-regulated platform for buying crypto with SGD.

Despite lacking advanced trading features, its reputation for safety and local regulatory approval makes it ideal for conservative investors and institutions.

2. Crypto.com – Global App with Local Access

With over 80 million users worldwide, Crypto.com is one of the most recognized names in the industry—and it’s fully approved by MAS for operations in Singapore.

Although the advanced exchange version isn’t available locally, the Crypto.com app allows seamless buying, selling, storing, and spending of crypto using SGD.

Highlights:

The mobile-first design is sleek and beginner-friendly. However, those looking for futures or margin trading will find functionality limited.

For everyday users who want an all-in-one financial app with crypto integration, Crypto.com remains a top contender.

3. Coinhako – Locally Built & Fully Regulated

Founded in 2014 by Singaporeans Yushuo Luo and Gerry Eng, Coinhako is a homegrown exchange that holds full MAS licensing—unlike many competitors with only in-principle approval.

Platform Overview:

Coinhako focuses on accessibility, making it perfect for first-time investors. The platform supports spot buying of major coins like Bitcoin, Ethereum, and Tether but lacks advanced order types or derivatives.

Though fees are slightly higher than others, its deep understanding of local needs and regulatory adherence gives it strong credibility.

4. Kraken – High Liquidity & Low Fees

Launched in 2011, Kraken ranks among the world’s top-five crypto exchanges by liquidity and trading volume. While not MAS-licensed, it remains accessible to Singapore residents.

Why Traders Choose Kraken:

Kraken supports SGD deposits through third-party processors, though currency conversion fees may apply. Futures trading is unavailable in Singapore.

Its lack of native SGD support and MAS compliance limits its appeal compared to fully local platforms—but its low fees and powerful tools attract serious traders.

👉 Access a high-performance trading platform with deep liquidity.

5. Luno – Simple & Secure for Beginners

Luno is a MAS-licensed exchange based in Singapore and operates in over 60 countries. With more than 10 million users globally, it emphasizes simplicity and security.

Features at a Glance:

Luno integrates TradingView for charting and offers a clean mobile experience ideal for newcomers. While its asset selection is limited compared to global giants, its reliability and ease of use make it a solid entry point.

6. Blockchain.com – Long-Standing Exchange with MAS License

One of the oldest names in crypto, Blockchain.com, received its MAS license in late 2022, allowing it to legally serve Singaporeans.

It combines a non-custodial wallet with an exchange interface:

However, only USD deposits are supported—meaning SGD users face conversion costs. This, combined with higher-than-average fees, reduces its competitiveness despite strong brand recognition.

7. Revolut – Banking App with Crypto Features

Revolut is a popular fintech app offering banking services alongside crypto trading. It's MAS-approved and widely used in Singapore.

What You Can Do:

While convenient for existing Revolut users, its high fees and lack of desktop access (mobile-only) make it less suitable for active traders.

8. MetaComp – Local Exchange with Fast On-Ramp

Founded in 2018, MetaComp is a Singapore-based exchange holding a full MAS license. It supports direct fiat-to-crypto trading in SGD.

Key Details:

Despite minimal asset offerings and limited market data transparency, its ultra-low fees and local focus make it appealing for straightforward purchases.

How to Choose the Best Crypto Exchange in Singapore

To help you decide which platform fits your needs, consider these critical criteria:

🔐 Regulation & Licensing

Always prioritize exchanges licensed by the Monetary Authority of Singapore (MAS). Licensed platforms follow strict AML/KYC rules and offer better fund protection.

💵 SGD Support

Ensure the exchange supports SGD deposits and withdrawals via FAST or Xfers to avoid unnecessary conversion fees.

📉 Trading Fees

Compare both trading fees and hidden costs like spreads or network charges. Look for volume-based discounts if you trade frequently.

🛡️ Security Measures

Check for:

📱 User Experience

Beginners benefit from simple interfaces; advanced traders need charting tools, API access, and order flexibility.

🧑‍💼 Customer Support

Reliable support via live chat or email can save time during technical issues or account verification problems.

How to Store Crypto Safely After Purchase

Even the best-regulated exchanges aren’t meant for long-term storage. For maximum security:

✅ Non-Custodial Wallets

You control your private keys.

✅ Hardware Wallets (Cold Storage)

Offline devices immune to online hacks.

Always back up your recovery phrase securely.

Frequently Asked Questions

Which crypto exchanges accept SGD deposits?

Independent Reserve, Coinhako, Luno, Crypto.com, Revolut, and MetaComp all support SGD deposits via bank transfer or e-wallets like Xfers.

What is the cheapest crypto exchange in Singapore?

Kraken offers the lowest trading fees (0.16%/0.26%), but due to potential SGD conversion costs, Independent Reserve may be more cost-effective overall for local users.

Which app is best to buy crypto in Singapore?

The Crypto.com app combines low fees, SGD support, a polished interface, and real-world utility through its debit card—making it the top choice for mobile users.

What is the most popular cryptocurrency in Singapore?

Bitcoin (BTC) is the most held digital asset among Singaporean investors, with over 60% owning it as of 2025.

Is it legal to buy Bitcoin in Singapore?

Yes. While Bitcoin is not legal tender, it's fully legal to buy, sell, and trade under MAS regulations. Licensed exchanges operate openly across the country.

How do I trade Bitcoin in Singapore?

Sign up on a regulated exchange like Independent Reserve or Luno, complete KYC verification, deposit SGD via FAST transfer, then purchase BTC directly or trade other cryptos against it.

👉 Start your crypto journey on a trusted global platform today.

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