Cryptocurrency is quickly becoming part of daily life in Singapore. It's no longer just an asset for trading or investment — it’s also a way to pay for everyday items, from coffee to clothing. Thanks to user-friendly tools and platforms, spending crypto is easier than ever.
Singapore stands out as one of Asia’s most progressive places for digital currencies. With strong regulation by the Monetary Authority of Singapore (MAS), the environment is both open to innovation and safe for users.
This article is your practical guide to shopping with crypto in Singapore. You’ll discover:
- How to use crypto cards that work like Visa or Mastercard
- Where you can pay merchants directly with Bitcoin or stablecoins
- How to buy gift vouchers for your favorite local stores
- Ways to stay secure and compliant with local rules
No complex jargon, no confusion — just useful steps and real examples to help you get started. Whether you’ve just bought your first crypto or you're looking to do more with it, this guide has something for you.
At the end, we’ll also point you to a trusted platform that simplifies everything from buying to spending: a smart tool built for traders and everyday users in Singapore.
Is It Legal to Use Crypto for Shopping in Singapore?
Yes, you can legally use cryptocurrency to pay for goods and services in Singapore. The city-state has clear and supportive regulations for digital assets. The Monetary Authority of Singapore (MAS) treats cryptocurrencies such as Bitcoin, Ethereum, and stablecoins as Digital Payment Tokens (DPTs).
Under the Payment Services Act (PSA), companies offering crypto-related services — like exchanges, payment processors, or wallet apps — must register and meet specific compliance standards. These include anti-money laundering (AML) rules and customer verification processes (KYC).
For individuals and shoppers, the process is simple. You can spend your crypto freely, as long as the business is willing to accept it. Many stores now use regulated gateways that automatically convert your payment into Singapore dollars (SGD).
Well-Known MAS-Regulated Platforms
- Triple-A – A local payment gateway officially registered in Singapore
- Coinhako – A trusted crypto exchange with SGD support
- Crypto.com – Offers trading, staking, and Visa card features
What You Can and Can’t Do
| Activity | Allowed? | License Required? |
|---|---|---|
| Buy products using crypto | ✔ Yes | No |
| Run a crypto exchange | ✔ Yes | Yes (via PSA) |
| Accept crypto in your business | ✔ Yes | Recommended (if using a payment gateway) |
| Invest in crypto as an individual | ✔ Yes | No |
There’s no capital gains tax in Singapore. But if you regularly earn income in crypto — for example, from business activity or professional services — it may be taxable. Keep proper records to avoid problems.
To stay compliant:
- Use services that are MAS-licensed or well-known
- Record all major crypto transactions and receipts
- Consult a tax expert if using crypto for business or frequent trades
In short, Singapore offers a safe and open space to use crypto — as long as you follow local laws and use regulated platforms.
Crypto Debit Cards: The Easiest Way to Shop
If you want to spend your crypto just like cash, crypto debit cards are the most practical option. These cards work like standard Visa or Mastercard debit cards, but they draw funds from your crypto wallet instead of a traditional bank account.
When you swipe or tap your crypto card at the checkout, the card instantly converts your digital currency into SGD (Singapore dollars). The merchant receives normal fiat money — they don’t even need to know it came from crypto.
Top Crypto Cards Available in Singapore
- Crypto.com Visa: Offers multiple card tiers with benefits like cashback in CRO tokens, free Spotify or Netflix subscriptions, and no annual fees. Widely accepted wherever Visa is.
- Wirex: Supports multiple crypto and fiat wallets in one app. It provides crypto rewards on every transaction and real-time exchange rates.
- Revolut Singapore: While not crypto-first, Revolut allows you to buy and spend crypto from within the app, automatically converting to SGD at checkout.
How to Get Started with a Crypto Card
- Create an account on the provider’s website or mobile app (e.g., Crypto.com)
- Complete KYC verification using your ID and a selfie
- Deposit SGD and purchase supported crypto (BTC, ETH, USDT, etc.)
- Apply for your card — physical or virtual versions are available
- Activate the card and set a PIN in the app
Where Can You Use It?
You can use your crypto debit card anywhere Visa or Mastercard is accepted. This includes:
- Retail stores like Uniqlo, Watsons, and Guardian
- Online platforms like Shopee, Lazada, or Qoo10
- Restaurants, supermarkets, taxis, and more
Advantages of Using Crypto Cards
- Instant conversion — your crypto is changed to SGD at time of purchase
- No need for merchant to accept crypto — any Visa-ready terminal works
- Crypto rewards — earn cashback in crypto tokens
- Mobile control — manage everything from the app
Crypto cards are perfect for those who want convenience. They remove the hassle of converting funds manually and make crypto usable in everyday situations — from groceries to gadgets.
Merchant Gateways: Paying Directly with Crypto
Want to pay with crypto straight from your wallet, without using a card? Many merchants in Singapore now allow direct crypto payments thanks to secure payment gateways. These services help shops accept Bitcoin, Ethereum, and other tokens — while instantly converting the amount into SGD for the seller.
For buyers, it’s fast and simple. You scan a QR code, approve the payment in your wallet, and the transaction is complete.
Trusted Crypto Payment Gateways in Singapore
- Triple-A: A Singapore-based company licensed by MAS. It offers instant conversion to SGD, no extra fees for customers, and is used by local brands like Charles & Keith and ipaymy.
- BitPay: A global gateway supporting BTC, ETH, and major stablecoins. Great for both e-commerce and physical stores.
- Coinbase Commerce: Allows online shops to receive crypto payments directly, with an option to auto-convert into fiat.
- Nium CryptoAccept: Designed for enterprise-level businesses needing crypto settlement in the Asia-Pacific region.
How Crypto Checkout Works
- Shop online or in a physical store that supports crypto payments
- Select "Pay with Crypto" at checkout
- Scan the QR code using your wallet app (e.g., Trust Wallet, MetaMask)
- Confirm the amount and approve the payment
- Receive instant confirmation — the store gets paid in SGD
All of this happens in under a minute, and there’s no need for the store to touch or hold cryptocurrency.
Examples of Crypto-Friendly Businesses in Singapore
- Charles & Keith: Accepts crypto online through Triple-A
- Sarnies Café: Allows payment via crypto wallet at the counter
- Novelship: Lets buyers use Bitcoin or Ethereum at checkout
- Kibbles.sg: Pet supplies with wallet-based crypto payment
These services make crypto shopping smooth and risk-free for both sides. You pay with digital assets, while the business gets paid in SGD instantly. This builds trust and expands the real-world use of cryptocurrency across Singapore’s market.
As more merchants sign up with regulated gateways, spending crypto locally will become even more accessible.
Gift Cards and Vouchers: Indirect Yet Powerful
Even if a store doesn’t accept crypto directly, there’s still a smart way to spend your coins — buy gift cards. These digital vouchers let you turn your crypto into value for everyday purchases at hundreds of stores in Singapore.
This method is quick, flexible, and doesn't require a bank. You simply use a gift card platform, pay in crypto, and receive a digital code you can redeem immediately.
Top Gift Card Platforms That Accept Crypto
- Bitrefill: Offers gift cards for local and global brands. Accepts BTC, ETH, USDT, and more. Easy to use on mobile or desktop.
- Cryptorefills: A reliable choice for prepaid vouchers, mobile top-ups, and entertainment subscriptions.
- Coinsbee: Supports a wide range of categories — from gaming to food delivery — and lets you pay with over 50 cryptos.
Popular Brands You Can Shop With
- Shopee – For electronics, groceries, and home goods
- Starbucks – Coffee, snacks, and daily treats
- Grab – Use credits for rides or food delivery
- 7-Eleven – Great for quick purchases and essentials
- Lazada – Fashion, tech, and more
How to Use Crypto to Buy Gift Cards
- Go to a trusted gift card website (e.g., Bitrefill)
- Select your region (Singapore) and the brand you want
- Choose the voucher amount in SGD
- Pay using your preferred crypto — just scan the QR code
- Receive the gift code instantly via email or on the site
You can then apply the code in the store’s app or at checkout, just like any regular voucher or store credit.
Gift cards are a perfect solution when direct crypto payments aren’t available. They also let you spend small amounts of crypto without the need for conversion or waiting for price changes.
This method is especially useful for users looking for fast, private, and hassle-free spending with their digital assets.
Real-World Examples: Where Can You Use Crypto in Singapore?
Crypto isn't just for online speculation anymore. In Singapore, more businesses — both online and offline — are finding ways to accept digital currencies or work with crypto-enabled payment systems.
Below are real examples of where you can use your crypto to shop, dine, or pay for services in Singapore.
Online Stores Accepting Crypto
- Charles & Keith: This Singapore-based fashion retailer allows crypto payments via Triple-A. You can use Bitcoin, Ethereum, or stablecoins at checkout.
- Novelship: A streetwear and sneaker marketplace with direct crypto support. You can pay with digital assets without leaving the site.
- Kibbles.sg: An online pet supply store that lets you pay with crypto through integrated wallets.
Offline Shops and Cafés
- Sarnies Café: Located near the CBD, this popular café accepts crypto via QR code payments using your mobile wallet.
- Uchu Wasi: A restaurant offering Peruvian cuisine where crypto is accepted for dine-in payments.
Service-Based Payments
- ipaymy & AXS: Pay bills, rent, or tuition by converting crypto to SGD using trusted intermediaries like Triple-A.
- Grab & Foodpanda (via gift cards): Use gift vouchers purchased with crypto to pay for rides and food deliveries.
These examples show how cryptocurrency is entering everyday commerce. Whether you’re buying clothes, feeding your pet, or grabbing coffee, digital assets can now play a practical role.
And as more companies partner with crypto platforms, Singapore is likely to see even broader adoption across sectors.
Step-by-Step Guide: How to Start Shopping with Crypto
If you’re ready to begin using your crypto for real-world purchases, this simple guide will help you get started — even if you’re new to it. Follow these steps to go from owning digital assets to spending them in Singapore.
Step 1: Choose a Trusted Crypto Platform
Start by creating an account on a reliable, MAS-compliant exchange or wallet. Popular options in Singapore include:
- Immediate FastX – an automated crypto platform designed for fast trading and secure management
- Crypto.com – known for its debit cards and mobile-friendly app
- Coinhako – supports SGD deposits and withdrawals, beginner-friendly interface
Step 2: Buy Cryptocurrency
Once your account is verified, deposit funds using a local bank transfer or credit card. Use these funds to buy crypto like:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT) or USD Coin (USDC)
Store the crypto in a wallet that supports payments, such as MetaMask, Trust Wallet, or your exchange’s native wallet.
Step 3: Choose a Spending Method
Pick the option that suits your needs best:
- Crypto debit card – use it like a regular card for offline/online shopping
- Direct payment gateway – pay through QR code scanning
- Gift cards – redeem crypto for digital vouchers
Step 4: Make Your Purchase
At checkout, use your card, scan the QR code, or copy-paste the gift code. Approve the transaction, and you’re done!
Step 5: Track and Record Transactions
Even though Singapore doesn’t tax capital gains on crypto, it’s smart to keep a record of what you spend — especially for business or frequent use.
By following these five steps, you can confidently use your crypto to shop smarter, safer, and faster — right here in Singapore.
Safety, Security, and Best Practices
While crypto offers flexibility and freedom, it also requires you to take responsibility for your digital money. Since transactions are irreversible and wallets are self-managed, protecting your assets is critical — especially when shopping online or in person.
1. Use Reliable Platforms
Always trade, store, and spend through trusted providers. In Singapore, platforms regulated by MAS — such as Immediate FastX, Crypto.com, and Coinhako — offer a safer experience with proper compliance and data protection.
2. Strengthen Wallet Security
- Enable two-factor authentication (2FA) on all accounts and apps
- Use cold wallets (offline hardware) for storing large crypto amounts
- Never share your private key or seed phrase — store it offline and securely
3. Avoid Fake Links and Phishing
Double-check website URLs and app downloads. Only interact with verified merchants or official platforms. Be cautious of emails or social media messages asking for access to your wallet — these are often scams.
4. Confirm Payment Details
Always verify the recipient wallet address and amount before sending funds. Crypto transactions are final — if you send money to the wrong address, there’s no way to reverse it unless the receiver agrees to refund.
5. Keep Records and Stay Informed
Log all major transactions — date, value in SGD, reason, and wallet used. It’s also a good idea to follow regulatory updates from MAS and news on new crypto fraud tactics or app vulnerabilities.
By following these basic habits, you can enjoy the benefits of crypto shopping while keeping your funds secure. A few smart precautions go a long way in protecting your assets in the fast-moving world of digital payments.
Conclusion
Spending crypto in Singapore is no longer a concept of the future — it’s already happening. From fashion stores to cafés, and even utility payments, digital currencies are making their way into everyday transactions.
With tools like crypto cards, payment gateways, and digital vouchers, anyone can start using their crypto for real purchases — safely and legally. The process is simple, fast, and secure if done with the right platforms and basic precautions.
If you're ready to turn your digital assets into everyday value, consider using a reliable crypto solution built for users in Singapore. Try https://immediatefastxsg.io — a smart, automated trading and investment platform that lets you buy, manage, and use your crypto with ease.
The crypto future is already here — and it’s spendable.
