Singapore's cryptocurrency market has experienced steady growth in recent years, thanks to the government's relatively friendly regulatory approach. Adoption rates remain strong, with both emerging startups and major players continuing to establish a presence in the city-state. However, with so many platforms available, the real challenge lies in choosing the right one. This guide will help you identify the best cryptocurrency trading platforms in Singapore for 2025.
Key Features to Consider
When selecting a cryptocurrency trading platform in Singapore, several factors should influence your decision:
- Fees: Look for transparent and competitive fee structures.
- Regulatory Compliance: Ensure the platform is licensed by the Monetary Authority of Singapore (MAS).
- SGD Support: The ability to deposit, trade, and withdraw in Singapore Dollars simplifies the process.
- Security: Prioritize platforms with strong security measures, such as cold storage and two-factor authentication.
- User Experience: Beginners may prefer simple interfaces, while advanced traders might seek sophisticated charting tools.
Top Cryptocurrency Exchanges in Singapore
1. Crypto.com
Crypto.com offers a comprehensive ecosystem with over 350 digital assets and a wide range of services. Users can trade via its exchange, mobile app, or DeFi wallet, and explore NFTs, staking, and margin trading. The platform's Visa card provides cashback in its native CRO token, and features like Supercharger and recurring buys support passive investment strategies.
The platform allows for zero-fee USD deposits via SWIFT and has recently partnered with Deutsche Bank to improve fiat integration. While the app is user-friendly and maintains high security standards, its fee structure varies. The exchange charges around 0.4%, which is competitive, but app-based trades can incur fees of up to 3.5%.
Pros:
- Supports over 350 cryptocurrencies
- User-friendly mobile application
- CRO cashback Visa card
- Staking and yield options
- Zero-fee USD deposits via SWIFT
- Advanced trading tools (margin and derivatives)
Cons:
- App fees can be as high as 3.5%
- Some concerns regarding customer support
- Fee structure may be confusing for inexperienced users
2. Coinhako
Coinhako is one of Singapore's most beginner-friendly cryptocurrency platforms, dedicated to simplifying the purchase of digital assets. It supports direct SGD deposits and offers spot trading, recurring purchases, and an easy-to-use crypto wallet. Users can buy, sell, swap, and store over 40 cryptocurrencies with access to more than 100 trading pairs.
The platform is licensed by the MAS and complies with ISO 27001 and SOC 2 security standards. Coinhako guarantees that most user assets are held in cold storage for an added layer of security. The interface is clean and intuitive, making it ideal for first-time investors.
Spot trading fees start at 0.6%, while recurring buy fees drop to 0.5%. However, some users have reported inconsistent and occasionally high platform fees of up to 1%.
Pros:
- Direct SGD deposit and trading support
- Licensed by the MAS as a Major Payment Institution
- User-friendly and beginner-centric interface
- Supports recurring purchases for dollar-cost averaging
- Strong security with ISO 27001 and SOC 2 certifications
- Cold storage for user assets
Cons:
- Platform fees can sometimes vary and lack transparency
- Occasional server issues during peak hours
- Fewer supported currencies compared to most global exchanges
3. Coinbase
Coinbase is a globally trusted crypto platform known for its ease of use, robust security, and regulatory compliance. It supports the Singapore Dollar, offers free local bank transfers, and integrates with Singpass to streamline the onboarding process.
Coinbase lists over 200 cryptocurrencies, provides staking options, and offers access to both its basic platform and Coinbase Pro for advanced trading. For those seeking full control over their assets, the Coinbase Wallet provides a standalone, self-custody storage solution.
As a publicly listed company, it holds user funds on a 1:1 basis and adheres to top-tier compliance standards. However, its fee structure is complex and often higher than competitors. For example, if your monthly spot trading volume is below $1,000, you will be charged a 0.60% maker fee and up to 1.20% taker fee. Fees generally decrease as you advance to higher tiers with larger trading volumes.
The mobile app also charges variable fees for SGD transactions. Some users have reported issues with fund holds, limited NFT functionality, and delayed customer support responses.
Pros:
- Supports SGD with free local bank transfers
- Singpass integration for quick onboarding
- Self-custody Coinbase Wallet for private key control
- Offers staking and educational resources
- Publicly listed and holds funds 1:1
- High security and strong regulatory compliance
Cons:
- Higher fees compared to some competitors
- Limited features for Singapore users (e.g., NFT access)
- Occasional support delays and reports of frozen funds
4. Kraken
Kraken is a globally trusted cryptocurrency exchange known for its advanced trading features and strong security. It supports a wide variety of cryptocurrencies and offers margin and futures trading for eligible users.
Although Kraken does not support the Singapore Dollar, residents can use USD and other fiat currencies. Kraken Pro features a highly competitive maker-taker fee structure, with maker fees as low as 0% and taker fees starting at 0.10%.
However, instant buy and recurring purchase fees are higher—1.5% for cryptocurrencies and 0.9% for stablecoins. Kraken's security record is relatively solid; it conducts regular proof-of-reserve audits and holds ISO 27001 and SOC 2 certifications. The platform is user-friendly for beginners (thanks to Kraken Lite) and offers advanced tools on Kraken Pro.
Some Singapore users have expressed concerns about high instant buy fees, bank transfer issues, and limited SGD support.
Pros:
- Strong security record and use of cold storage
- Maker fees as low as 0%–0.10% on Kraken Pro
- Supports margin and futures trading
- Lite and Pro platforms for different experience levels
- ISO 27001 and SOC 2 certified
- Transparent proof-of-reserve audits
Cons:
- No direct SGD support
- Higher fees for instant buys and recurring orders (up to 1.5%)
- Some reports of bank transfer and customer support issues
5. OKX
OKX has expanded its presence in Singapore after receiving a Major Payment Institution (MPI) license from the MAS. The platform offers spot, margin, futures, options, DeFi access, and institutional OTC trading.
Singapore users can enjoy SGD trading pairs, zero trading fees for buying/selling/converting, and free SGD deposits/withdrawals via FAST and PayNow. The platform also supports Singpass MyInfo for swift account verification.
OKX lists over 200 cryptocurrencies globally, with more than 80 available locally. Trading fees are highly competitive—as low as 0.08% for makers and 0.10% for takers, with discounts based on trading volume and OKB holdings.
The user interface is advanced yet accessible, with features like trading bots and pre-market futures catering to active traders. Overall, security is robust, although a security incident in 2024 raised some concerns. Past complaints about delays and unclear fees have been addressed through recent local improvements and licensing, indicating a greater focus on trust and compliance.
👉 Explore advanced trading tools and features
Pros:
- Fully licensed by the MAS as a Major Payment Institution
- SGD trading pairs and free local transfers via PayNow and FAST
- Zero trading fees for buys, sells, and conversions
- Competitive spot trading fees (0.08%–0.10%)
- Feature-rich platform with trading bots and options
- Singpass MyInfo integration for fast onboarding
Cons:
- Security incident reported in 2024
- Past complaints about withdrawal delays and fee transparency
- Some features may overwhelm novice traders
Comparison of Leading Platforms
| Feature | Crypto.com | Coinhako | Coinbase | Kraken | OKX |
|---|---|---|---|---|---|
| MAS Regulation | In-Principle Approval | Licensed | In-Principle Approval | No Longer Exempt | Licensed |
| SGD Support | Yes | Yes | Yes | No | Yes |
| Trading Fees (Lowest) | 0.4% (Exchange), 3.5% (App) | 0.5% – 0.6% | 0.5% (Pro), higher on Base | 0.10% – 0.25% (Pro), higher for instant buy | 0.08% – 0.10% |
| Security | Strong, past breach (repaid) | Strong, ISO & SOC 2 Certified | Very Strong, Publicly Traded | Very Strong, No Major Breaches | Strong, past incidents |
| Cryptocurrencies | 350+ | 40+ / 100+ pairs | 200+ | 300+ | 80+ (SG) / 300+ (Global) |
| User Interface | Feature-rich, App & Exchange | Beginner-friendly, Simple | User-friendly, Base & Advanced | Beginner & Advanced (Lite & Pro) | Feature-rich, user-friendly |
| Customer Support | Mixed, mostly positive reviews | Good reputation | Mixed, mostly positive reviews | Mixed, mostly positive reviews | Mixed, mostly positive reviews |
| Unique Advantage (SG) | Wide range of features, CRO Card, Deutsche Bank partnership | Singapore-focused, MAS licensed, rewards program | Free SGD bank transfers, Singpass integration | Long history, strong security reputation | MAS licensed, zero-fee SGD trading & transfers |
The table above outlines the key differences between Singapore's top cryptocurrency exchanges. Overall, you have a reliable set of platforms to choose from; the listed exchanges feature good security measures, a range of fee structures, and interfaces that cater to both feature-seeking and beginner users.
A Checklist for Singapore Crypto Traders
The best cryptocurrency trading platform for you depends largely on your individual trading needs, experience level, and priorities. Here is a checklist of key aspects to consider.
For Beginners
If you are new to crypto trading, a platform with a user-friendly interface and abundant educational resources is ideal. Coinhako and Coinbase excel in this regard. Coinhako's explicit focus on the Singapore market and its MAS license offer additional comfort for local beginners. Coinbase provides a simple interface and valuable learning materials, alongside free SGD bank transfers and Singpass integration, which are particularly useful for new users. The direct SGD support offered by both platforms simplifies the initial setup and trading process.
👉 Get started with a beginner-friendly platform
For Experienced Traders
If you are an experienced trader, you will likely gravitate toward platforms with advanced trading features, lower fees, and a wider selection of supported assets. Kraken Pro, OKX, and Crypto.com are excellent for this profile.
Kraken Pro boasts a competitive fee structure and a suite of advanced trading tools. Similarly, OKX offers comprehensive trading tools, including futures and options, alongside low fees—now featuring zero-fee SGD trading for Singapore users. Crypto.com also provides advanced trading options and a multitude of cryptocurrencies.
For Security-Focused Users
If security is your top priority, Coinbase, Kraken, Coinhako, and OKX all score well. Coinbase's transparency as a public company, Kraken's advanced measures, Coinhako's MAS license and security certifications, and OKX's MAS license all contribute to their appeal for security-conscious users.
For High-Volume Traders
If you trade in large volumes, you will need a platform with a tiered fee structure that rewards higher activity and potentially offers over-the-counter (OTC) services. Kraken Pro, OKX, and the Crypto.com Exchange all offer decreasing fees as trading volume increases. These platforms may also provide OTC desks for larger transactions, offering more personalized service and potentially better prices.
If you prioritize low costs, OKX is one of the most cost-effective choices, with zero trading fees on SGD pairs and free SGD deposits and withdrawals. Kraken Pro also maintains competitive fees through its maker-taker model. Coinbase supports free SGD bank transfers, but its trading fees are generally higher than those charged by other platforms.
Which Trading Platform Is Right for You?
Ultimately, the best platform for you depends on your needs and preferences. The ideal approach is to test your shortlisted platforms with a small amount of capital, read user reviews, and take time to understand the fee structures before fully committing. Always check deposit and withdrawal terms carefully. Be sure to avoid investing more than you are prepared to lose—especially if you are still familiarizing yourself with how crypto platforms work.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in and trading cryptocurrencies carries risk. Always be sure to do your own research (DYOR).
Frequently Asked Questions
Is cryptocurrency trading legal in Singapore?
Yes, cryptocurrency trading is legal in Singapore. However, platforms must comply with the Payment Services Act and be registered with the Monetary Authority of Singapore (MAS). Many licensed exchanges operate in the country and serve both retail and institutional users.
Do I need to pay tax on crypto profits in Singapore?
Singapore does not levy capital gains tax, so profits from cryptocurrency trading are generally not taxable. However, if you are trading as a business or providing crypto-related services, you may be subject to income tax. It is always safest to consult a tax advisor for your specific situation.
Can I use Singapore Dollars (SGD) to buy cryptocurrency?
Yes, several platforms, including Coinhako, OKX, Coinbase, and Crypto.com, support SGD deposits and trading pairs. You can fund your account using FAST, PayNow, or local bank transfers. That said, always check deposit fees and supported currencies before you begin.
Which exchange in Singapore has the lowest fees and is the best?
OKX offers zero trading fees for SGD pairs and free local transfers, making it extremely cost-effective. Kraken Pro also provides low maker fees for spot trading. Coinbase and Coinhako are easier to use but typically charge higher fees (relatively speaking).