Top 19 Bitcoin Websites in Singapore

What is Bitcoin

The term cryptocurrency has evolved from a buzzword to one of the driving forces of blockchain technology and economic growth. Also known as a form of cryptocurrency, Bitcoin is one of the first digital or virtual currencies created. Unlike government-issued currencies, Bitcoins operate in a decentralised system. You can buy, sell and exchange directly with other parties without an intermediary like a bank. 

Top Bitcoin websites in Singapore

Here are some of the top Bitcoin websites in Singapore to check out:

Website	Coinbase
Speciality	Government-regulated exchange platform and bitcoin exchange broker Option to purchase bitcoin with credit card or debit card through virtual wallet account with no deposit fee Small fee charged for each transaction Earn specific cryptocurrency for every quiz completed Simple user interface
Pricing	Contact for quotation
Website	https://www.coinbase.com/

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Website	Coinhako
Speciality	A quick and secure platform allowing easy access to bitcoins and other digital currencies Fast and easy transaction allowing users to buy bitcoins within 10 minutes Able to buy small amounts of bitcoins without verification Trade from as little as S$30 Option to swap or transaction with cryptocurrencies
Pricing	Contact for quotation
Website	https://www.coinhako.com/
Address	14 Robinson Road #08-01A, Singapore 048545

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Website	Gemini
Speciality	Government-regulated cryptocurrency exchange platform Low and competitive fees charged at 0.25% for every transaction Benefits available for new users trading in SGD Simple and easy to use platform with a mobile application available for users to trade on the go Gemini credit card allows customers to earn 3% back in bitcoin or other cryptocurrencies for the amount spent
Pricing	Contact for quotation
Website	https://www.gemini.com/apac/singapore

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Website	Coinmama
Speciality	Multiple payment options are available including credit card, debit card, apple pay or bank transfer High spending limit available for bitcoins purchases with a credit card up to 30,000 USD Option to purchase bitcoin instantly within 10 minutes Small fee charged on each transaction
Pricing	Contact for quotation
Website	https://www.coinmama.com/

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Website	Binance Singapore
Speciality	Secured and easy to use the online platform Able to buy and sell over 500 cryptocurrencies Low transaction fees 24 hours online customer support available
Pricing	Contact for quotation
Website	https://www.binance.sg/en

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Website	Luno
Speciality	Secured cryptocurrency platform allowing users to buy, sell, store and trade cryptocurrencies Free bitcoin wallet available for Luno customers Useful learning portal with educational materials and articles about cryptocurrency High spending limit up to 30,000 SGD monthly Competitive transaction fees
Pricing	Contact for quotation
Website	https://www.luno.com/en/

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Website	Paybis
Speciality	The quick and easy registration process New users enjoy complimentary transactions at 0% High spending limit with credit card purchases up to 50,000 USD per 30 days 24/7 live support available
Pricing	Contact for quotation
Website	https://paybis.com/

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Website	Independent Reserve
Speciality	Regulated and secured digital exchange platform to buy and sell cryptocurrencies Secured and encrypted cryptocurrency wallet available with fee-free deposits and low trading fees Volume-based fee structure which reduces transaction fees to as low as 0.02% 24/7 support available to address queries or technical issues
Pricing	Contact for quotation
Website	https://www.independentreserve.com.sg/

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Website	Kriptomat
Speciality	Government-regulated and simple to use cryptocurrency exchange platform Allows users to buy, sell, send, receive and store cryptocurrencies User-friendly mobile application available for customers to trade on the go Safe and secured digital wallet provided as part of a user account Quick user verification
Pricing	Contact for quotation
Website	https://kriptomat.io/

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Website	Kraken
Speciality	The secured platform allows users to manage deposits and withdrawals while monitoring portfolio Fixed fee charged for every cryptocurrency purchase made with a credit card Mobile application available for users to trade while on the go 24/7 global support and live chat available to address issues Kraken blog available with informative videos, podcasts and crypto guides
Pricing	Contact for quotation
Website	https://www.kraken.com/en-us/

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Website	Plus500
Speciality	Simple and functional platform to access over 2000 trading instruments including cryptocurrency No deposit or withdrawal fee charged Bonus and rebate program available for existing users 24/7 support team available to assist users with any queries
Pricing	Contact for quotation
Website	https://www.plus500.com.sg/
Address	1 Temasek Avenue, Millenia Tower #37-03, Singapore 039192
Telephone	3138 9075

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Website	Liquid
Speciality	A secured trading platform allowing users to buy, sell and trade cryptocurrencies Volume fee structure which lowers trading fees with higher trade volume Supports various types of payment options Low trading and deposit fees Referral program offering discounts and perks for existing and new users
Pricing	Contact for quotation
Website	https://www.liquid.com/

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Website	DBS Digital Exchange
Speciality	DBS members-only cryptocurrency exchange platform Easily convert digital currencies to fiat currency DBS digital custody offers an institutional-grade solution to safe keep digital assets
Pricing	Contact for quotation
Website	https://www.dbs.com.sg/corporate/solutions/capital-markets/dbs-digital-exchange
Telephone	1800 222 2200
Operating Hours	Daily 8.30 AM – 8.30 PM

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Website	itBit by Paxos
Speciality	Safe and secure digital asset exchange platform with best in class blockchain monitoring software and systems Offering competitive pricing for a range of cryptocurrencies Low flat rate fees charged per transaction No withdrawal fees
Pricing	Contact for quotation
Website	https://www.paxos.com/itbit/
Operating Hours	Weekdays 9 AM – 5.30 PM

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Website	AAX
Speciality	Secured institutional-grade platform for cryptocurrency exchange Low trading and withdrawal fees Referral bonus available The website offers learning materials and latest news and insights
Pricing	Contact for quotation
Website	https://www.aaxpro.com/en-US/

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Website	IG
Speciality	Trusted and regulated platform allowing users to manage and use a range of financial products such as cryptocurrencies, spot trading, forex and more Secured trading web platform and app allowing users flexibility and access to various global markets Practice trading using a demo account in an environment with reduced risks Academy and news updates are available to help users develop trading skills
Pricing	Contact for quotation
Website	https://www.ig.com/sg
Address	9 Battery Road, #01-02 MYP Centre, 049910 Singapore, Singapore
Telephone	6390 5133
Operating Hours	Sundays – Fridays 9 AM – 10 PM

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Website	IQ Option
Speciality	Secured and regulated trading platform offering a wide range of trading tools and products Accepts a wide range of financial payment methods Free demo account available to help users learn and trade with virtual money in real market conditions 24/7 client support available daily
Pricing	Contact for quotation
Website	https://iqoption.com.sg/

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Website	AVA Trade
Speciality	Cutting edge and intuitive trading platform Seamless withdrawal and deposit processes available with safe and secure payment methods Earnings available for every successful referral Offer round the clock service and support in multiple languages
Pricing	Contact for quotation
Website	https://www.avatrade.com/
Telephone	8001205170

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Website	Bitcoin Exchange
Speciality	Established and trusted bitcoin machines operator offering public bitcoin vending machine which allows purchasing and selling of bitcoins No wiring of money is required and instant transaction available with cash payment Low transaction fees Vending machines are available 24 hours all year round
Pricing	Contact for quotation
Website	https://www.bitcoinatmsg.com/
Address	531 Upper Cross St, Hong Lim Complex (Chinatown), #03-11, Singapore 050531
Operating Hours	Daily 9 AM – 5 PM

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Website	Etoro
Speciality	Leading innovative trading platform with an array of investment tools User-friendly crypto trading platform catering to beginners to experts Variety of payment options available including PayPal, credit cards and more Virtual portfolio available for users to try out all features of the trading platform at no risk Low withdrawal fee at $5
Pricing	Contact for quotation
Website	https://www.etoro.com/

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How do Bitcoins work?

Traditional currencies are influenced by inflation rates, economic growth and government policies. Whereas the price of Bitcoin is determined by other factors such as the supply and demand of the market, cost of mining Bitcoin and government regulations. It is currently legal to own Bitcoins in Singapore. The Singapore Monetary Authority of Singapore (MAS) also regulates cryptocurrency exchanges and businesses.

There are no physical Bitcoins and transactions are recorded in a public ledger called the blockchain. Bitcoins are usually stored in a digital wallet and can be used to pay for goods and services. You will have access to a public key and private key which allows you to buy, sell or trade with bitcoins.

Benefits of using Bitcoins

There are several advantages of using Bitcoins:

• Protects personal information

Any transaction made using Bitcoin is digitally signed using cryptography and reflected on the blockchain. These transaction records are available for anyone to view. Although the transactions are made public to everyone in the blockchain, your personal information remains private. This allows buyers to complete their payments without risking any sensitive personal or financial information.

• Ease of payment

Similar to our banking or PayNow fund transfer service, there are online payment systems available for you to transact with Bitcoins. You can send Bitcoins to other users anywhere and anytime as long as you have internet access. There are also cryptocurrency credit cards that allow you to spend Bitcoins anywhere even without internet access.

• Low or no transaction fees for international payments

Bitcoins can facilitate faster transfer of payment across countries at lower rates. When transferring money or making purchases in another currency, you may be charged more than the actual amount.

This is due to additional fees such as the currency exchange rates and international transfer fees. As there are no banks or intermediaries involved in the transaction, this lowers the overall cost of the transaction. 

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Things to take note of when purchasing Bitcoins

You can purchase Bitcoins or any cryptocurrencies via platforms such as cryptocurrency exchanges, bitcoin ATMs, brokerages or through bitcoin mining. Here are a few things to take note of before purchasing Bitcoins:

• Secured internet connection

If you are planning to send or trade Bitcoins, it is important to ensure that you are connected to a stable and secured private internet connection. Avoid using public wifi as it may expose you to cybercriminals and increase the risks of cyberattacks on your cryptocurrency accounts. 

To prevent such attacks, opt for a VPN connection. VPN helps to establish a secure and encrypted connection between your device and the internet. This adds another layer of security and protects your Bitcoins.

• Payment method

You can purchase Bitcoins easily using various payment options depending on the digital exchange platform. This includes credit and debit cards, bank transfers, PayPal, Apple pay and more.

You can also choose to purchase Bitcoins through Bitcoin ATMs using cash. However, there are often extra fees, such as withdrawal fees or processing fees, charged when using fiat currency to pay for your Bitcoins. 

Alternatively, you can choose to use other cryptocurrencies to trade for Bitcoins. In most cases, there are minimal or no additional costs incurred. Not all exchanges offer this option so it is important to select and choose a payment option that supports your needs.

• Cryptocurrency wallet

Technically, you do not need to own a cryptocurrency wallet to buy Bitcoins. You can store it at the exchange or brokerage you purchased from. However, a cryptocurrency wallet offers a convenient option for you to hold and store your Bitcoins.

This gives you full control of your Bitcoins and security keys. The wallet can come in a few forms such as a paper wallet, hardware wallet or software wallet. 

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Ways to protect your Bitcoins

Under the Payment Services Act (PSA), MAS regulates cryptocurrency payments and exchanges. However, the sale of cryptocurrencies such as Bitcoins is not regulated by MAS. As MAS does not protect your cryptocurrencies, there is a risk of losing your investments if the transaction is not processed properly.

Therefore, it is important to ensure that you keep track of and protect your Bitcoins from potential hackers. Here are some ways to keep your Bitcoins secured:

• Research Bitcoin exchange website

Before creating an account or sharing your details, research and check the reliability of the cryptocurrency exchange platform. It is recommended to opt for a cryptocurrency exchange that is licensed under MAS.

This lowers the chances of exposing yourself to fraudulent platforms or scams. It is also advisable to set up two-factor authentication for your account. This offers an extra layer of security for your account. 

• Avoid storing Bitcoins on exchanges

You can choose to store your Bitcoins on an exchange. Depending on the platform, some may have control over the funds available in your wallet. This increases the risks of theft or fraud. Hence it is recommended to use cryptocurrency exchanges solely for trading.

• Properly store your Bitcoin wallet details

Bitcoin wallets can come in a digital form which you can easily back up and link to your Google Drive or iCloud account.

In the event you lose your device, you can still rest assured that your wallet is still secured. You can also choose to store your Bitcoins offline in a physical location via a hardware or paper wallet.

These wallets require a special type of password which allows you to retrieve and access the contents from the wallet. It is important that you store your passwords in a secured location and ensure that you do not share them with anyone else.

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Editor’s Note:

While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccurate.

Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.

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