Singapore has emerged as a leading hub for digital asset innovation, backed by a clear regulatory framework and strong oversight from the Monetary Authority of Singapore (MAS). As of 2025, the country hosts several reputable, MAS-regulated crypto exchanges that cater to a wide range of users—from beginners to advanced traders and institutional investors. Whether you're looking for low fees, robust security, or seamless SGD integration, choosing the right platform is key to a successful crypto journey.
This guide explores the top crypto exchanges available in Singapore, highlighting their regulatory standing, core features, and ideal user profiles—all while ensuring compliance with local regulations and financial best practices.
Top MAS-Regulated Crypto Exchanges in Singapore
OKX – Best for Advanced Traders
OKX has secured in-principle approval from MAS to provide digital payment token services and cross-border money transfers, positioning it as a trusted player in Singapore’s crypto landscape.
- Supports over 400 cryptocurrencies
- Offers spot and derivatives trading, including futures and options
- Integrated with PayNow and FAST for instant SGD deposits and withdrawals
- Features intelligent trading bots, grid trading, and copy trading tools
- Includes a built-in Web3 wallet and support for decentralized applications (dApps)
- Implements top-tier security with cold storage and multi-signature withdrawal protocols
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Ideal for experienced traders who demand advanced functionality, high liquidity, and sophisticated order types.
Coinbase – Best for Beginners
Coinbase holds a Major Payment Institution (MPI) license under MAS, making it one of the most compliant and beginner-friendly platforms in the region.
- Intuitive interface perfect for first-time users
- Supports more than 200 cryptocurrencies
- Offers staking options for accredited investors seeking passive income
- Enables SGD transactions via FAST and SWIFT
- Provides educational content through Coinbase Earn, helping users learn while earning crypto
Coinbase excels at simplifying the onboarding process without compromising on security or regulatory adherence.
Crypto.com – Best for Ecosystem Integration
Operating under MAS oversight, Crypto.com delivers a full-stack crypto experience that goes beyond simple trading.
- Over 350 cryptocurrencies available
- Competitive trading fees starting at 0.075%
- Supports bank transfers and card payments in SGD
- Offers integrated services: DeFi wallet, NFT marketplace, crypto-backed Visa card
- Features staking and lending with attractive annual yields
This platform is ideal for users who want a unified ecosystem where they can spend, trade, earn, and store digital assets seamlessly.
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Upbit Singapore – Best for Spot Trading
Upbit Singapore is licensed by MAS as a Major Payment Institution and focuses primarily on spot trading with strong local support.
- Lists over 150 cryptocurrencies and 300+ trading pairs
- Beginner-friendly design with enterprise-grade security infrastructure
- Offers staking rewards and access to an NFT marketplace
- Supports SGD deposits via PayNow and FAST
With its clean interface and reliable performance, Upbit is a solid choice for users focused on buying and holding digital assets.
Coinhako – Best for Local Integration
As a homegrown Singaporean exchange, Coinhako is fully licensed under the Payment Services Act and tailored specifically for local users.
- Supports over 100 cryptocurrencies
- Features include recurring buys, price alerts, and trade history tracking
- Full SGD integration via PayNow, FAST, and credit/debit cards
- Reward system based on daily logins and trading activity
Coinhako stands out for its localized approach, offering responsive customer support and features that resonate with Singaporean habits.
Gemini – Best for Security
Gemini operates under MAS regulation and is renowned for its commitment to safety and transparency.
- Offers more than 90 cryptocurrencies
- Holds SOC 1 Type 2 and SOC 2 Type 2 certifications, among the highest in financial compliance
- Provides Gemini Earn (interest-bearing accounts), Gemini Pay, and non-custodial wallet solutions
- Supports SGD transactions through multiple channels: FAST, wire transfer, debit cards
For users who prioritize peace of mind above all else, Gemini delivers bank-level security standards in a user-accessible format.
Independent Reserve – Best for High-Volume Traders
Approved by MAS to offer digital payment token services, Independent Reserve caters to serious traders with institutional-grade needs.
- Supports over 25 major cryptocurrencies
- Offers insurance coverage on stored digital assets
- Low trading fees starting at just 0.5%
- Facilitates SGD transfers via PayNow, FAST, or SWIFT
While the coin selection is smaller compared to others, its focus on security, auditability, and competitive pricing makes it ideal for high-volume traders.
Cryptocurrency Taxation in Singapore
One of the key advantages of investing in crypto from Singapore is the favorable tax treatment. Individual investors are not subject to capital gains tax on profits made from cryptocurrency transactions. However, businesses that trade crypto regularly or accept it as payment may be liable for income tax under certain conditions.
It's essential to maintain accurate records of your transactions and consult a qualified tax advisor to ensure compliance—especially if you're involved in frequent trading, mining, or running a crypto-based business.
Frequently Asked Questions
Is cryptocurrency legal in Singapore?
Yes, cryptocurrency is legal. The Monetary Authority of Singapore (MAS) regulates crypto exchanges under the Payment Services Act to protect consumers and maintain financial stability.
Can I use these platforms as a Singapore resident?
Absolutely. All listed exchanges are accessible to Singapore residents and operate under MAS regulatory frameworks.
Which exchange is best for beginners?
Coinbase and Coinhako are highly recommended for newcomers due to their intuitive interfaces, easy verification processes, and strong local support.
Are there any locally based crypto exchanges?
Yes—Coinhako is a Singapore-founded exchange offering SGD-denominated trading pairs and locally optimized payment methods like PayNow.
Do these exchanges support SGD deposits?
Yes. All platforms support SGD deposits through various methods including PayNow, FAST bank transfers, credit/debit cards, or direct bank wires.
How do I choose the right exchange?
Consider your experience level, trading goals (e.g., spot vs derivatives), preferred fees, security requirements, and whether you want access to staking or Web3 features.
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