How to buy bitcoin In Singapore

Singapore is a global epicenter of finance and commerce and is a popular place for people to buy, sell, and trade bitcoin.

Here are the 21 best exchanges in Singapore to buy bitcoin.

Coinbase

Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.

Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.

Pros

1. Established reputation
2. User-friendly interface
3. High liquidity
4. Large purchasing limits
5. Strong security

Cons

1. Support takes time to respond
2. Slow bank transfers

Binance

Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.

With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform.

Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.

Pros

1. Trustworthy management
2. High volume exchange
3. Low fees
4. A large number of cryptocurrency pairs
5. Global support

Cons

Few payment options

CEX IO

CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.

CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.

CEX.IO accepts deposits in USD, EUR, GBP, and RUB.

Pros

1. Established and trustworthy
2. Supported worldwide
3. Low fees
4. Simple credit card purchases
5. Clean user interface

Cons

1. Verification procedure requires private information
2. Lengthy verification time

OkCoin

OkCoin is the world’s leading digital asset exchange and provides attractive value for users with exceptional security, transparency, and professionalism.

The exchange is globally licensed with offices in San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea.

OkCoin accepts deposits in USD, EUR, and SGD.

Pros

1. Excellent customer service
2. Advanced trading tools
3. Low fees

Cons

Tight verification

Paybis

Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.

Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.

Pros

1. Large purchasing limits
2. Wide range of payment options
3. Intuitive and user-friendly interface
4. Global support
5. 24/7 Multilingual customer service

Cons

1. Bank transfers can take 1 to 5 days to complete
2. Above-average fees

Kraken

Kraken is the world’s largest Bitcoin exchange and offers a vast selection of cryptocurrencies and internationally accepted funding methods.

Kraken Pro provides individual and institutional investors with advanced real-time trading and charting tools.

Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.

Pros

1. Respectable reputation
2. Global support
3. Reliable customer support
4. Tiered verification
5. Affordable fees

Cons

1. Few payment methods
2. Sophisticated UI

Coinmama

Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.

Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.

Pros

1. Available worldwide
2. High purchasing limits
3. Dependable and trustworthy
4. Excellent leadership and customer support
5. Fast and secure transactions

Cons

1. High fees when purchasing with a credit card or debit card
2. Delay in processing time

Gemini

Gemini is a simple, elegant, and secure way to build your bitcoin and crypto portfolio. Gemini has low fees and a strong reputation.

The dashboard makes it easy for investors to view a snapshot of their holdings upon login.

Gemini accepts deposits in USD, AUD, CAD, EUR, GBP, and HKD for trading.

Pros

1. Ability to set real-time market limit orders
2. Low fees
3. Clean user interface
4. Strong reputation
5. Great customer support

Cons

Exclusive to a limited number of countries

Wirex

Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.

Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.

Wirex accepts deposits in AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, and USD.

Pros

1. Multiple funding methods
2. Ability to purchase bitcoin at market rate
3. Wallet and exchange

Cons

1. The initial lag time
2. Not supported in all countries

Bittrex

Bittrex is one of the largest cryptocurrency trading platforms in existence and serves customers all over the world.

Bittrex currently accepts deposits in USD for fiat trading only.

Pros

1. A large number of cryptocurrency pairs
2. Strong security
3. Privacy

Cons

Customer support

Bitit

Bitit is developed, hosted, and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets.

Bitit accepts deposits in USD, EUR, GBP, JPY, AUD, CAD, CNY, HKD, KRW, SGD, ZAR, DKK, SEK, NOK, and TRY.

Pros

1. Supports many currencies
2. Large selection of cryptocurrencies
3. High purchasing limits
4. Ledger and Trezor wallet support

Cons

Lengthy verification

Paxful

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

1. Escrow system
2. Security
3. Diverse payment methods
4. Simple user interface (UI)
5. Wide variety of sellers

Cons

Buyers and sellers are at risk of being scammed

Changelly

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.

Changelly accepts USD, EUR, and GBP for buying cryptocurrency.

Pros

1. Fast
2. Private
3. Low fees
4. High exchange limits
5. 24/7 live chat support

Cons

Limited payment methods

BitPanda

BitPanda has been in operation since 2013 and is based in Vienna, Austria. The BitPanda platform is straightforward and easy to use for beginners.

BitPanda accepts deposits in EUR, USD, CHF, and GBP.

Pros

1. Low fees
2. Multiple payment methods
3. Easy verification process
4. Dependable and trustworthy

Cons

Available to European countries only

Huobi

Huobi is a global blockchain asset financial services provider with offices in Hong Kong, Korea, Japan, and the United States.

Huobi accepts deposits in USD, VND, MYR, HKD, and RMB.

Pros

1. Many cryptocurrencies and payment methods supported
2. High liquidity
3. Trustworthy management
4. Good customer support

Cons

Long verification process

Poloniex

Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools.

Poloniex currently accepts deposits in USDC.

Pros

1. Hundreds of trading pairs
   Multifunctional user interface
   Wealth of trading and analysis tools

Cons

Can be complicated for beginners

Bitsquare

Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies.

If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.

Bitsquare users can buy and sell bitcoin with all national fiat currencies.

Pros

1. Respectable reputation
2. Supported globally
3. No registration required
4. Privacy
5. Perfect for advanced traders

Cons

1. Few payment methods
2. Not suitable for beginners

Bitstamp

Bitstamp is a bitcoin marketplace based in the European Union and has been around since 2011.

Bitstamp offers clients 24/7 support and a multilanguage interface that can be used by everyone around the world.

Bitstamp accepts deposits in USD and EUR.

Pros

1. Supported globally
2. High-level security
3. Affordable transaction fees
4. Reliable customer support

Cons

1. Few payment methods
2. High deposit fees

Abra

Abra is an all-in-one cryptocurrency wallet and exchange app available on both iOS and Android platforms.

International Abra users can see all 54 fiat currencies. Citizens in the United States can only see TUSD.

Pros

1. Many payment methods
2. Diverse cryptocurrencies supported

Cons

1. Slow customer support
2. Mobile only

Bitcoin ATM

Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand. There is a Bitcoin ATM in every region of the world.

Check out the Bitcoin ATM map on Coin ATM Radar to see if there is one near you.

Pros

1. Easily accessible
2. Convenient
3. Fun to use
4. Physical kiosk with receipt and customer service

Cons

1. Distance to travel
2. Higher fees than most exchanges

Best Place To Buy Bitcoin In Singapore

With over 30 million customers, Coinbase is the easiest and most preferred method for buying bitcoin in Singapore. The verification process on Coinbase is simple, secure and streamlined. If you need bitcoins fast, customers in Singapore are able to make instant purchases with a debit card or credit card which incur fees of 3.99% or instant purchases with bank deposits which incur fees of only 1.49%.