Top Crypto Exchanges in Singapore: A Comparative Guide
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Binance - Best liquidity in top coins (highest BTC and ETH volume, as well as average liquidity)
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Kraken - Best for trading crypto-fiat pairs (supports 7 fiat currencies, simple trading platform)
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BingX - Global exchange with spot, derivatives, and copy trading features, supporting over 700 coins
-
WhiteBIT - Advanced additional services (launchpad, CS:GO marketplace, crypto card)
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Bitfinex - Best for professional futures traders (advanced API and automation options)
At Traders Union, we evaluate cryptocurrency exchanges in Singapore to help traders find safe, reliable, and feature-rich platforms while avoiding unregulated options.
To recommend the top exchanges for Singapore, we analyzed 100+ platforms using 140 measurable data points, focusing on security, fees, regulation, usability, and advanced trading tools.
Our transparent Methodology ensures data-driven recommendations, helping both beginners and professionals choose the best crypto trading platforms in Singapore
Risk warning: Cryptocurrency markets are highly volatile, with sharp price swings and regulatory uncertainties. Research indicates that 75-90% of traders face losses. Only invest discretionary funds and consult an experienced financial advisor.
Comparison of leading crypto trading platforms in Singapore
We compared crypto exchanges based on key factors:
- Acceptance of residents from Singapore
- Minimum deposit
- Range of supported cryptocurrencies
- Spot maker fee rates
This analysis highlights the top exchanges in Singapore, ensuring they meet the needs of both novice and experienced traders.
| Binance | |||
|---|---|---|---|
| Accepts residents of Singapore |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Minimum deposit, USD |
No
|
10 1 10 10,000 | 10 1 10 10,000 |
| Coins Supported | 415 | 278 740 330 350 | 278 740 330 350 |
| Spot maker fee | 0.1 |
0.25
0.1
0.1
No
|
0.25
0.1
0.1
No
|
| Study review | Study review | Study review Study review Study review Study review | Study review Study review Study review Study review |
We have thoroughly evaluated the strengths and weaknesses of the top cryptocurrency exchanges in Singapore, providing overall ratings based on our proprietary, data-driven methodology.
| TU Overall Score 9.1 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.7
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
8.5
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.8
/10
|
- low commissions due to liquidity and trading volumes.
- high platform performance;
- proprietary BNB Coin which allows Binance to reduce the commission size;
- a proprietary cold wallet guarantees the security of your crypto assets by storing them.
- complex verification procedure;
- the exchange is not licensed by a regulator;
- The platform can go offline without warning;
- there are complaints about the technical functionality of the platform;
- there is an intricate mechanism for calculating commissions and rewards (grid system Maker/Taker).
| TU Overall Score 8.7 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.6
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
6.2
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.8
/10
|
- convenient, intuitive terminal with one-click trading;
- all major cryptocurrencies, as well as seven fiats;
- margin trading, as well as futures and indices trading ;
- large leverage (x5 for margin, x50 for futures trading);
- an extensive database of information and training materials;
- large trading volumes on the exchange provide high liquidity;
- some of the lowest fees in the cryptocurrency market.
- no investment programs;
- no call center.
| TU Overall Score 8.5 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
4.4
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
9.3
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
5
/10
|
- BTC, and also ETH, USDT, XRP, DOGE, BNB and other popular altcoins are available for trading.
- Clients can trade in the spot market, and earn on conversion and grid trading.
- The exchange offers passive income options through the social trading platform.
- Some of the lowest fees in the market (the average daily spread is 0.04%).
- Simple, user-friendly mobile app with a trading platform based on TradingView.
- The company is officially registered in the US, Canada, Australia and EU (Estonia).
- Customer support works promptly in the 24/7 mode.
- No leverage is offered for spot trading, traders have to rely on their own funds.
- With low trading fees, some withdrawal fees are rather high (for example the fee is 20 USDT for USDT-ERC20).
- Customer support is available via email and live chat, but the broker does not have a call center.
| TU Overall Score 8.5 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
5.3
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
9.3
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
10
/10
|
- Bitcoin, dozens of altcoins and tokens, 10 fiat currencies, including the USD and the EUR;
- large trading volumes, high liquidity, multilevel security system;
- basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account;
- most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers;
- a simple and profitable system for investing in blockchain projects of crypto exchange affiliates;
- the commission does not change - 0.1% of the trade amount, and no additional fees or charges;
- FAQs on the basics of crypto trading, a demo token for education and training.
- communication with the exchange only through the website and email;
- there is no advanced training, except for Crypto Lending.
| TU Overall Score 8.4 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.5
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
8.4
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
4.8
/10
|
- large trading volumes;
- handy mobile application;
- top-tier level of security;
- custom orders;
- tons of currencies pairs;
- leverage up to 1:10 (derivatives are up to 1:100);
- demo account;
- investment programs.
- snail-paced multi-stage verification;
- relatively high fees when working with fiats;
- absence of direct responses from call center, they use only alternative communication methods.
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What are the cheapest crypto exchanges in Singapore
To determine the cheapest cryptocurrency exchanges in Singapore, we analyzed trading fees of the leading platforms in the region. Specifically, we evaluated maker and taker fees for both spot and futures trading and compared these values against market averages based on an analysis of over 100 exchanges.
Additionally, we reviewed deposit and withdrawal fees to provide a comprehensive assessment of the most cost-effective options for cryptocurrency trading in Singapore.
-
Trading fees:
We compared base-level fees for spot and futures trading, including maker and taker fees. However, exchanges in Singapore offer significant discounts for traders as their trading volume increases.
Binance Market average Based on comparing fees across more than 200 cryptocurrency exchanges. Spot maker fee, % 0.1 0.25 0.1 0.1 No0.194 Spot taker fee, % 0.1 0.4 0.1 0.1 No0.157 Futures maker fee, % 0.02 0.02 0.02 0.02 No0.024 Futures taker fee, % 0.05 0.05 0.045 0.05 No0.053 -
Deposit and withdrawal fees and payment options
We also compared crypto exchanges deposit and withdrawal fees, as well as the payment methods available in Singapore.
Binance Deposit fee NoNoNoNoNoNoNoNoNoWithdrawal fee 0-3.5% 0.0005 BTC 0.0005 BTC
0.005 ETH 0.0004 BTC
0.00367 ETH 0.10%0.0005 BTC 0.0005 BTC
0.005 ETH 0.0004 BTC
0.00367 ETH 0.10%Bank Wire YesYesYesNoYesYesYesNoYesBank cards YesYesYesYesYesYesYesYesYesPayment services YesYesYesYesYesYesYesYesYesP2P YesNoYesYesNoNoYesYesNo
What are the safest exchanges in Singapore
The safety of exchanges in Singapore was assessed based on Tier-1 regulation Tier-1 regulation refers to the highest level of financial oversight provided by globally recognized regulatory authorities, ensuring strict compliance with security, transparency, and user protection standards. , security measures (e.g., 2FA, cold wallets), and the absence of successful hacking incidents. Exchanges with Tier-1 regulation are the most reliable, as they comply with strict international standards.
| Binance | |||
|---|---|---|---|
| Tier-1 regulation |
Yes
|
Yes
No
Yes
No
|
Yes
No
Yes
No
|
| Government-regulated |
Yes
|
Yes
No
Yes
No
|
Yes
No
Yes
No
|
| 2FA |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Cold wallet storage |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Investor protection fund |
Yes
|
No
Yes
Yes
No
|
No
Yes
Yes
No
|
Is crypto market regulated and taxable in Singapore
Crypto regulation in Singapore
Singapore has established a comprehensive regulatory framework for cryptocurrencies, primarily governed by the Monetary Authority of Singapore (MAS). The Payment Services Act (PSA) mandates that Digital Payment Token (DPT) service providers obtain the necessary licenses and adhere to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. This includes implementing robust compliance programs, maintaining detailed records, and reporting suspicious activities. As of January 2025, there are no specific restrictions on leverage or requirements to operate exclusively with local exchanges. However, the MAS has issued guidelines to limit the marketing and advertising of cryptocurrency services in public areas to mitigate consumer risks. Currently, Singapore does not offer deposit insurance schemes for cryptocurrency holdings.Taxation of cryptocurrencies in Singapore
In Singapore, the tax treatment of cryptocurrencies depends on the nature of the transactions. For individuals, there is no capital gains tax, so profits from the sale of cryptocurrencies are generally not taxable. However, if an individual is engaged in trading cryptocurrencies as a business, the profits are considered taxable income and subject to income tax rates ranging from 0% to 22%, depending on the total income. For businesses, income derived from cryptocurrency transactions is subject to the standard corporate tax rate of 17%. Additionally, the Goods and Services Tax (GST) at a rate of 8% applies to transactions involving cryptocurrencies that are not officially designated as DPTs. It's essential for both individuals and businesses to maintain accurate records of all cryptocurrency transactions to ensure compliance with the Inland Revenue Authority of Singapore's (IRAS) guidelines.The information on cryptocurrency taxation in Singapore is provided for informational purposes only. Be sure to consult a professional for accurate guidance.
Which exchanges are best suited for professional traders in Singapore?
We have compared exchanges based on key factors important for professional traders, including API integration, large trading volume, futures trading, advanced order types, and support for proprietary bots. Based on our analysis, here are the top exchanges that offer these advanced trading features:
| Binance | Kraken | BingX | |
|---|---|---|---|
| API integration |
Yes
|
Yes
|
Yes
|
| Large trading volume |
Yes
|
Yes
|
Yes
|
| Futures trading |
Yes
|
Yes
|
Yes
|
| Advanced order types |
Yes
|
Yes
|
Yes
|
| Proprietary bots |
Yes
|
Yes
|
Yes
|
What are the best crypto exchanges for beginners in Singapore?
The best crypto exchanges for beginners in Singapore offer:
| Binance | BingX | WhiteBIT | |
|---|---|---|---|
| Education | 8.2 | 3.7 | 6.2 |
| P2P account |
Yes
|
Yes
|
Yes
|
| Demo account |
Yes
|
Yes
|
Yes
|
| Staking |
Yes
|
Yes
|
Yes
|
| Copy trading |
Yes
|
Yes
|
Yes
|
| Beginner friendly app |
Yes
|
Yes
|
Yes
|
How choose the best crypto exchange in Singapore?
When choosing a crypto exchange in Singapore, consider these essential factors:
-
Supported Cryptocurrencies
Ensure the exchange supports a wide range of coins, including altcoins and stablecoins, especially if you plan to diversify beyond Bitcoin. A broader selection offers greater flexibility for both trading and investment.
-
Local Payment Options
Opt for platforms that support local payment methods in Singapore, such as bank transfers, mobile money, or local e-wallets. This simplifies deposits and withdrawals while reducing currency conversion fees.
-
Transparent Fees
Compare trading fees, withdrawal charges, and any hidden costs. Lower fees mean higher profits, so look for exchanges with competitive pricing structures that clearly display all costs upfront.
-
Robust Security
Prioritize exchanges with strong security measures, including two-factor authentication (Singapore), cold storage for funds, and regular audits. Review the platform's history to ensure no major hacking incidents.
-
Educational Resources
For beginners, exchanges with demo accounts, tutorials, and a strong educational section can help you learn trading strategies and reduce risks.
-
Customer Support
Reliable customer service is essential, especially for troubleshooting technical or account issues. Choose platforms with 24/7 support and multiple contact methods.
Expert advice for traders in Singapore
Having witnessed exchange hacks and scams, I always recommend platforms that store assets in cold wallets and offer multi-signature protection. Features like two-factor authentication (2FA) and withdrawal whitelists add extra security layers. Avoid exchanges lacking clear security protocols, as they put your capital at risk. A strong security track record and regular audits indicate a platform's commitment to protecting user funds.
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Team that worked on the article
Anton Kharitonov is an active trader and analyst. He employs both short- and long-term trading strategies, primarily based on fundamental factors, supported by technical indicators and intermarket analysis.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.