Singapore is one of the most progressive countries when it comes to cryptocurrency. The local government, through the Monetary Authority of Singapore (MAS), has created clear regulations for digital assets. This makes the city-state a safe and attractive place to buy, sell, and trade crypto.
With the fast growth of digital currencies, more Singaporeans are looking for secure and reliable platforms. But with so many options available, how do you choose the best one?
Whether you're just starting with Bitcoin or already investing in altcoins and Web3 projects, selecting the right platform is crucial. You need a platform that’s easy to use, safe, supports SGD (Singapore Dollar), and fits your goals—whether that’s long-term investment or active trading.
This article will help you find the best crypto platforms in Singapore right now. We’ll compare trusted exchanges, explain how Singapore regulates crypto, and show which platforms are best for different types of users.
What This Guide Covers
- How cryptocurrency is regulated in Singapore
- What to look for in a crypto investment or trading platform
- A review of top licensed crypto platforms in 2025
- Side-by-side comparison of features, fees, and tools
- Practical tips for picking the right platform for your needs
This guide is designed for both beginners and experienced users. If you're interested in a crypto investment platform or need a tool for automated trading, you'll find useful options here. We also cover some of the latest services in the local market, including platforms like Immediate FastX.
Let's get started with a look at how crypto is managed in Singapore and why regulation matters.
Regulation and Security in Singapore
One of the main reasons people trust crypto platforms in Singapore is strong regulation. The Monetary Authority of Singapore (MAS) controls how digital asset services work. It sets rules that make sure users are protected, and that companies operate fairly and transparently.
What Is MAS and Why It Matters
MAS is Singapore’s central bank and financial regulator. It issues licenses to companies that want to offer digital payment token (DPT) services. Only platforms that meet strict rules on safety, anti-money laundering, and customer verification can get a license.
Some of the biggest global names like Coinbase, Crypto.com, Gemini, and OKX are licensed or officially approved to operate in Singapore. Local platforms such as Coinhako and Independent Reserve also hold licenses. This shows they meet the country’s high regulatory standards.
Why You Should Use a Licensed Platform
Choosing a licensed crypto platform gives you better security. These platforms must follow strong rules:
- KYC (Know Your Customer): You must verify your identity before trading.
- Anti-Money Laundering (AML): Transactions are monitored to stop illegal use.
- Customer Fund Protection: Assets are often held in cold storage and insured.
- Local Support: SGD deposits and withdrawals are supported through trusted channels like FAST and PayNow.
Unlicensed or offshore platforms may offer high returns or low fees, but they come with big risks. In fact, Binance.sg exited the Singapore market in 2022 due to regulatory challenges. This highlights why using regulated platforms is not just safer — it’s necessary.
MAS Watchlist and Updates
MAS also keeps a public list of companies under review or warning. Before signing up for a platform, it’s smart to check the Investor Alert List on the MAS website.
As of 2025, MAS is also looking into more advanced topics like automated crypto platforms and DeFi services. This shows that Singapore is not only secure, but also future-ready when it comes to innovation in crypto trading and investing.
In the next section, we’ll show you what to look for when choosing a crypto platform for your personal goals — whether it's trading, investing, or exploring Web3 services.
Key Factors to Consider When Choosing a Crypto Platform
Choosing the right crypto platform is not just about picking the most popular name. It’s about finding the service that fits your needs, risk level, and financial goals. Here are the most important factors to look at when selecting a cryptocurrency platform in Singapore.
1. MAS Licensing
Always check if the platform is licensed or approved by the Monetary Authority of Singapore (MAS). A regulated platform gives you more protection, clearer tax rules, and better local support.
2. SGD Support and Payment Methods
Look for platforms that support direct SGD transactions. This allows you to use methods like:
- FAST: Instant local bank transfers
- PayNow: Quick payments using mobile numbers
- Xfers or StraitsX: Payment gateways used in local crypto apps
Platforms that support SGD reduce the need for currency conversion and extra fees.
3. Trading and Withdrawal Fees
Fees can eat into your profits. Always check for:
- Trading fees: Charged per buy/sell transaction (e.g., 0.4%–1.5%)
- Deposit/withdrawal fees: Some platforms offer free SGD deposits, others charge up to 1.0%
- Hidden costs: Such as spread between buy and sell prices
4. Platform Security
Your crypto should be safe. Key security features include:
- Two-factor authentication (2FA)
- Cold storage: Funds stored offline
- Insurance: Protection against hacks or platform failure
- Withdrawal whitelists: Allow transfers only to pre-approved wallets
5. Ease of Use
Some platforms are made for beginners, with simple dashboards and mobile apps. Others offer advanced tools for traders, like charts, API access, or bots for automated crypto trading. Choose based on your skill level.
6. Extra Features
If you’re interested in more than just buying and selling crypto, look for platforms that offer:
- Staking: Earn passive income by locking crypto
- NFT trading: Buy and sell digital collectibles
- Access to Web3: Wallet integration and dApps
Think about what you need now and what you may want in the future. For example, a beginner might want a clean interface, while an active investor may look for low trading fees and DeFi options.
Next, let’s review the best crypto platforms in Singapore, based on these key factors.
Best Crypto Platforms in Singapore [2025]
Let’s take a closer look at the top crypto platforms in Singapore right now. All of these are either fully licensed by MAS or approved to operate under local regulations. We’ll look at what makes each platform unique, their fees, supported features, and who they’re best for.
1. Coinhako
Coinhako is a homegrown crypto platform that has become one of the most trusted names in Singapore. It supports SGD directly through PayNow and FAST transfers. Users can buy and sell over 200 tokens, including BTC, ETH, and altcoins.
- MAS license: Yes
- Fees: About 0.6% per trade
- Features: SGD wallet, rewards system, price alerts
Coinhako is ideal for beginners thanks to its clean interface and strong local support.
2. Crypto.com
Crypto.com started in Singapore and grew into a global crypto brand. It offers a full suite of services, from spot trading and staking to NFTs and crypto credit cards.
- MAS license: Yes (Major Payment Institution)
- Fees: ~0.4% trading fee; staking reduces costs
- Features: App, NFT marketplace, DeFi wallet, Visa card
This platform suits users who want both investing and lifestyle features like cashback on crypto cards.
3. Gemini
Gemini is a US-based exchange known for top-tier security and institutional-level services. It supports SGD deposits and is fully regulated by MAS.
- MAS license: Yes
- Fees: 0.35%–1.49% depending on platform usage
- Features: Gemini Earn (staking), insured storage, Pro dashboard
Gemini is ideal for those who want peace of mind and tight regulation.
4. OKX
OKX is a fast-growing crypto platform now approved in Singapore. In 2025, it introduced instant SGD deposits and withdrawals using DBS and PayNow. It offers hundreds of tokens, trading tools, and access to Web3 apps.
- MAS status: Licensed for digital payment tokens
- Fees: ~0.08%–0.1% (very low)
- Features: DeFi wallet, futures trading, NFT marketplace
OKX is a great fit for active traders and users exploring DeFi and Web3.
5. Independent Reserve
Independent Reserve is an Australian exchange with strong roots in Singapore. It’s a licensed platform used by both retail and institutional investors.
- MAS license: Yes
- Fees: ~0.5% (tiered, lower with volume)
- Features: Cold storage, tax reporting tools, OTC trading
It’s popular among more serious investors and offers premium support options.
6. Coinbase Singapore
Coinbase is one of the most popular platforms globally. In Singapore, it supports SGD payments and simplified crypto buying. It’s perfect for beginners who want ease of use.
- MAS license: Yes
- Fees: 0.5%–1.5% depending on method
- Features: Simple interface, mobile app, recurring buys
While fees may be higher, the user experience is excellent and the platform is very beginner-friendly.
7. JuCoin
JuCoin is a rising platform focused on CeDeFi — a mix of centralized and decentralized finance. It supports new Web3 projects, cross-chain token swaps, and staking pools. In 2025, it launched new integrations with local banking rails in Singapore.
- MAS license: Pending final approval
- Fees: Competitive, varies by service
- Features: Cross-chain bridges, staking, yield farming
JuCoin is best for users seeking innovative crypto investment tools beyond regular spot trading.
Comparison Table
| Platform | MAS Licensed | SGD Support | Fees (approx) | Main Features | Best For |
|---|---|---|---|---|---|
| Coinhako | ✅ | FAST / PayNow | 0.6% | SGD wallet, rewards | Beginners |
| Crypto.com | ✅ | Yes | 0.4% | NFTs, Visa card | Everyday use |
| Gemini | ✅ | Yes | 0.35–1.49% | Earn, insurance | Security-focused users |
| OKX | ✅ | DBS, PayNow | 0.08–0.1% | Web3, futures | Traders |
| Independent Reserve | ✅ | Xfers, SWIFT | ~0.5% | OTC, tax reports | Institutions |
| Coinbase | ✅ | Yes | 0.5–1.5% | Easy UI | New users |
| JuCoin | 🕒 (in progress) | Yes | Varies | CeDeFi, staking | Innovators |
In the next section, we’ll compare these platforms by user type to help you decide which one fits your goals best.
Platform Comparison by User Needs
Now that we’ve reviewed the leading crypto platforms in Singapore, it’s time to match them to specific user needs. Not every platform is perfect for everyone. Your choice should depend on your experience level, trading goals, and preferred features.
For Beginners
If you’re just getting started with crypto, simplicity and security are key. You need a user-friendly platform with local support and clear instructions.
- Coinhako: Easy to use, supports SGD via PayNow and FAST. Great for basic crypto buying.
- Coinbase: Very beginner-friendly interface, clean design, and trusted global brand.
For Active Traders
Active users need low fees, fast execution, and advanced tools like charts and APIs.
- OKX: Offers spot and futures trading, DeFi wallet, Web3 access, and very low fees.
- Crypto.com: Strong mobile experience, advanced trading, and extra rewards for stakers.
For Long-Term Investors
If you're focused on crypto as a long-term investment, stability and security matter most.
- Gemini: Offers insured storage, staking options, and MAS-regulated reliability.
- Independent Reserve: Ideal for institutions and investors who need extra tools like tax reports and OTC access.
For Web3 and CeDeFi Users
Exploring decentralized applications or yield farming? You need platforms with integrated Web3 tools.
- JuCoin: Advanced CeDeFi tools, staking pools, and token bridges.
- OKX: Full access to dApps, NFTs, and multi-chain support.
Quick Summary
Here's a simplified match guide:
- Best for first-timers: Coinhako, Coinbase
- Best for pro traders: OKX, Crypto.com
- Best for long-term holding: Gemini, Independent Reserve
- Best for innovation & automation: JuCoin, OKX
Next, we’ll help you make your final decision with tips on how to choose based on your personal preferences.
How to Choose the Right Platform for You
With so many crypto platforms available in Singapore, making a choice can feel overwhelming. But it doesn’t have to be. Start by asking yourself a few simple questions about your goals, habits, and experience.
Step 1: Define Your Purpose
What do you want to do with crypto?
- Buy and hold? Look for platforms with safe wallets and easy fiat transfers like Coinhako or Gemini.
- Trade actively? Choose low-fee platforms with fast execution like OKX or Crypto.com.
- Earn passive income? Use platforms that support staking or yield products like Gemini Earn or JuCoin.
- Explore Web3? You’ll want wallet access and dApp integration like on OKX or JuCoin.
Step 2: Consider Your Payment Options
Do you want to use Singapore Dollars (SGD) directly? Choose platforms that support FAST, PayNow, or Xfers payments. This makes deposits fast, cheap, and reliable. Coinhako, Independent Reserve, and Crypto.com all support SGD.
Step 3: Check the Fees
Don’t just look at trading fees. Watch out for:
- Deposit/withdrawal costs
- Spreads between buying and selling prices
- Hidden fees on token swaps or transfers
If you plan to trade often, even a 0.1% difference can matter a lot over time.
Step 4: Think About Security
Security should never be ignored. Choose a platform that offers:
- Two-factor authentication (2FA)
- Cold storage for most funds
- Licensing from MAS
- Insurance policies on digital assets
Final Tip:
Start with one or two platforms. Test their apps, explore features, and see what works best for you. Many users use one platform for trading and another for long-term investing. That’s completely fine.
In the final section, we’ll share a short summary and introduce one of the most promising new platforms on the market today.
Conclusion
Singapore is one of the safest and most innovative places in the world for cryptocurrency. With strong regulation from MAS, local payment support, and access to global platforms, users have excellent options for both trading and investing in digital assets.
As we’ve seen, the best crypto platform depends on your goals:
- Coinhako and Coinbase are perfect for beginners
- OKX and Crypto.com suit active traders and Web3 explorers
- Gemini and Independent Reserve focus on long-term investors and security
- JuCoin brings new tools for advanced crypto users and DeFi fans
Whichever platform you choose, make sure it is licensed or approved in Singapore, supports SGD deposits, and meets your needs in terms of features, costs, and security. Starting with a trusted platform is the best way to protect your funds and grow your digital portfolio.
And if you're looking for a modern, automated crypto platform that combines trading, investment tools, and instant execution — check out https://immediatefastxsg.io. Built with performance and security in mind, Immediate FastX is designed for Singapore-based users who want speed, simplicity, and innovation in one place.
Whether you’re buying your first Bitcoin or exploring automated trading strategies, Singapore offers the tools and platforms to help you succeed — and Immediate FastX is one of the top new choices to consider.
