Best Crypto Exchange in Singapore (2025 Guide)

Written by CoinFlexify  »  Updated on: June 05th, 2025

Cryptocurrency adoption in Singapore has grown rapidly, supported by favorable regulations and tech-savvy investors. Whether you're a beginner or an experienced trader, choosing the best crypto exchange in Singapore can significantly impact your trading experience. This guide compares the top crypto exchanges in Singapore for 2025, focusing on low trading fees, security, user experience, and regulatory compliance under the Monetary Authority of Singapore (MAS).


Top 7 Best Crypto Exchanges in Singapore (2025)

1. Crypto.com – Best Overall Crypto Exchange in Singapore

Crypto.com stands out for its MAS registration, broad range of crypto services, and sleek mobile app. It supports over 250 cryptocurrencies and offers Visa crypto cards, DeFi wallet, and staking.

Regulation: Registered with MAS

Fees: 0.075%–0.05% with CRO staking

Supported Crypto: 250+

Best For: Everyday investors and crypto card users

Pros:

Regulated in Singapore

Attractive cashback cards

High liquidity

Cons:

Customer support delays during high traffic

Interface can be overwhelming for beginners

2. Independent Reserve – Most Trusted MAS-Regulated Platform

Independent Reserve is a MAS-regulated crypto exchange, ideal for those prioritizing safety. The platform supports major cryptocurrencies and offers transparent pricing.

Regulation: Fully MAS regulated

Fees: 0.5% (drops with volume)

Supported Crypto: BTC, ETH, LTC, XRP, etc.

Best For: Institutional investors and risk-averse users

Pros:

High trustworthiness

Licensed by MAS

Transparent fee structure

Cons:

Limited altcoin options

No advanced trading tools

3. Binance – Best for Low Fees and Advanced Traders

Although Binance operates via a global model, many Singaporean users still trade through its international platform using P2P or third-party payment gateways.

Regulation: Not directly regulated by MAS

Fees: 0.1% standard, lower with BNB

Supported Crypto: 350+

Best For: High-volume traders

Pros:

Lowest fees in the market

Large trading volume

Extensive tools and features

Cons:

Not MAS licensed

Occasional regulatory concerns

4. Gemini – Best for Security and Regulated Trading

Gemini is a US-based exchange offering regulated crypto services in Singapore, with top-tier security and insurance for digital assets.

Regulation: Registered with MAS

Fees: 1.49% (instant buy), lower with ActiveTrader

Supported Crypto: 100+

Best For: Security-conscious traders

Pros:

Regulated and secure

Crypto insurance coverage

Clean interface

Cons:

Higher fees unless using ActiveTrader

Limited tokens compared to Binance

5. Coinhako – Best Local Crypto App

Founded in Singapore, Coinhako is a homegrown exchange that’s trusted by thousands of locals for buying, selling, and storing crypto.

Regulation: Exempted by MAS

Fees: 1% (with fee waivers via referrals)

Supported Crypto: 100+

Best For: Beginners and casual investors

Pros:

Singapore-based

Simple UI

Fast SGD deposits via FAST

Cons:

High fees without referral codes

No advanced trading tools

6. Kraken – Great for Security and Derivatives

Kraken is known for its strong security features and availability of futures and margin trading. Although not MAS-licensed, it's a top choice for advanced users.

Regulation: Not locally licensed

Fees: 0.16% maker / 0.26% taker

Supported Crypto: 200+

Best For: Advanced traders and institutions

Pros:

Excellent security reputation

Margin and futures trading

Global liquidity

Cons:

No SGD support

Not regulated by MAS

7. Luno – User-Friendly & Ideal for Beginners

Luno provides a smooth user experience for those just entering the crypto space. It supports basic cryptocurrencies and has fast local bank transfers.

Regulation: Pending MAS license

Fees: ~0.75% per trade

Supported Crypto: 10+

Best For: Beginners

Pros:

Simple mobile app

Easy SGD deposits

Educational resources

Cons:

Limited assets

No staking or advanced features

How to Choose the Right Crypto Exchange in Singapore

When selecting the best crypto trading platform in Singapore, consider these factors:

MAS Regulation: Ensure the platform is regulated or exempted by MAS for legal and safe trading.

Fees: Look for exchanges offering competitive maker/taker or spread-based pricing.

Payment Methods: FAST, PayNow, and credit/debit card support simplify SGD deposits and withdrawals.

User Interface: Beginners should prefer clean, intuitive dashboards.

Security: Opt for exchanges with 2FA, cold wallet storage, and insurance.

Is Cryptocurrency Legal in Singapore?

Yes, cryptocurrency is legal in Singapore and regulated under the Payment Services Act. The Monetary Authority of Singapore (MAS) oversees licensing and ensures compliance with AML/CFT standards. However, crypto is not legal tender, and investors must trade at their own risk.

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Conclusion

Singapore offers a solid regulatory framework and tech-forward population, making it one of the most crypto-friendly countries in Asia. Whether you're a retail investor looking for ease of use or a pro trader chasing liquidity and tools, there’s a platform suited to your needs.

For the best mix of regulation, ease of use, and product offerings, Crypto.com, Independent Reserve, and Coinhako stand out in 2025.

FAQs – Best Crypto Exchange in Singapore

1. What is the most regulated crypto exchange in Singapore?

Independent Reserve and Crypto.com are among the most MAS-compliant crypto exchanges operating in Singapore.

2. Which crypto exchange is cheapest in Singapore?

Binance and Kraken offer the lowest trading fees but lack local SGD support and MAS licensing.

3. Is it legal to use Binance in Singapore?

While Binance.com is restricted from marketing to Singapore users, many still access it via VPNs or third-party integrations. It’s not MAS-licensed.

4. Can I buy crypto using SGD?

Yes, platforms like Coinhako, Luno, and Independent Reserve allow SGD deposits via FAST or PayNow.

5. Is Coinhako safe to use in Singapore?

Yes, Coinhako is a local exchange with strong compliance practices and is exempted by MAS as of 2025.


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