After testing more than 50 platforms end to end, we assembled a 2026 roundup of approved crypto exchanges in Singapore, highlighting clear strengths, drawbacks, and hands-on tips. We assessed the full SGD on-ramp and off-ramp in live conditions and used a Singapore-first scorecard to compare usability, costs, security, and support.
Our evaluation emphasized MAS licensing under the Payment Services Act, smooth SGD funding and withdrawals through FAST and PayNow, and robust safeguards such as cold storage, 2FA, withdrawal allowlists, and verifiable proof of reserves. We also considered intuitive desktop and mobile trading, transparent low fees, deep liquidity for minimal slippage, SingPass-friendly KYC, and responsive customer service.
Top Licensed Crypto Trading Platforms in Singapore
— Best Overall. An all-in-one app experience geared to everyday Singapore users, with a strong feature set that scales from first trades to more active use.
Paybis — Best for Quick Buy. Instant SGD purchases using cards, Apple Pay, Google Pay, and Revolut Pay with clear, upfront fees.
OKX — Best for Low Fees. Wide asset coverage (350+), MAS license, and multi-rail SGD support.
Coinbase Exchange — Best for SGD Deposits and Withdrawals. Over 200 cryptocurrencies, MAS-regulated, FAST and PayNow support, plus streamlined SingPass onboarding.
Gemini — Best for Secure Trading. About 70+ coins, MAS authorization, SGD via FAST, and insurance-backed custody.
How We Selected Singapore’s Licensed Cryptocurrency Exchanges
MAS licensing is a practical safety baseline because it brings an exchange under local supervision, including AML/CFT expectations, governance standards, and ongoing compliance checks.
- Licensing and Regulation: Prioritized MAS-licensed or PSA-exempt entities to ensure compliance and user protection.
- SGD On- and Off-Ramps: Verified FAST, PayNow, and other local payment rails for hassle-free deposits and withdrawals.
- Security and Transparency: Checked cold storage, 2FA, withdrawal whitelists, and detailed, auditable proof of reserves.
- Trading Experience: Tested desktop and mobile UX, advanced order types, and charting, while favoring beginner-friendly flows.
- Fees: Compared maker/taker, transfer fees, and spreads to reward transparent, low-cost structures.
- Liquidity: Measured order book depth and volumes to reduce slippage, even in volatile markets.
- Local Onboarding: Favored fast SingPass KYC and localized flows suited to first-time buyers.
- Customer Support: Rated live chat, email, and help-center quality and speed.
- Tax Tools: Looked for exportable histories and integrations to support potential Income Tax reporting.
Singapore Crypto Exchanges: 2026 Snapshot Comparison
| Exchange | Rating | Taker Fee | Maker Fee | Number of Coins | Fiat Support | Payment Methods | KYC Requirements |
|---|---|---|---|---|---|---|---|
| 4.3 | 0.50% | 0.25% | 432 | Yes | Apple Pay, bank transfer, crypto, and more | Full verification required | |
| Paybis | No rating | 4.5% | 4.5% | 84 | No | Apple Pay, bank transfer, cards, crypto, and more | Optional up to 1,000 USD; mandatory for sell and certain regions |
| OKX | 4.6 | 0.10% | 0.08% | 299 | Yes | Bank transfer, cards, crypto, P2P, SEPA, and more | Yes |
| Coinbase Exchange | 4.1 | 1.2% | 0.6% | 376 | Yes | Apple Pay, bank transfer, cards, crypto, e-wallets, and more | Yes |
| Gemini | 3.6 | 0.40% | 0.20% | 96 | Yes | Apple Pay, bank transfer, cards, Google Pay, TPPP, and more | Yes |
Best Overall
is a Singapore-native cryptocurrency exchange. It offers an all-in-one platform with trading, staking, and a fiat wallet, delivered through a clean, beginner-ready app that also scales for advanced users.
- Regulatory Status: Holds a Major Payment Institution License to provide digital payment token services under the Payment Services Act.
- SGD Funding: Local bank deposits are generally instant and fee-free, making SGD top-ups straightforward.
- Pros
- Access to 400+ cryptocurrencies.
- SGD support via FAST for quick bank transfers.
- Visa card with cashback-style rewards.
- MAS-supervised operations.
- Insurance protection reportedly totaling $750 million.
- Cons
- Some markets show thinner liquidity.
- Entry-level spot fees are higher (about 0.25% maker / 0.50% taker).
Best for Quick Buy
Paybis is a Europe-based fiat on-ramp known in Singapore for speed and simplicity. With near-instant KYC and rapid settlement to your wallet, it is a convenient option when you need crypto fast using SGD.
- SGD Payment Options: Bank cards, Apple Pay, Google Pay, Revolut Pay, and SWIFT are supported.
- Instant Delivery: Card and wallet-rail purchases usually reach your crypto wallet within minutes.
- Cost Clarity: The platform shows a full fee breakdown before confirmation and is regulated in the U.S. and Canada.
Pros
- Roughly 80+ supported assets.
- Multiple SGD rails (cards and popular wallets) with quick settlement.
- First transaction can be fee-free (promo-dependent).
- KYC can be optional up to 1,000 USD.
Cons
- Not MAS-regulated in Singapore.
- Fees are higher than many exchanges.
- Lacks advanced order types and pro trading tools.
Best for Low Fees
OKX, licensed by MAS, combines low trading fees with strong liquidity and a broad asset list. Its toolset caters to active traders while keeping SGD deposits convenient.
- Fee Structure: Spot starts from about 0.08% maker / 0.10% taker; derivatives can drop to roughly 0.02% / 0.05%. Tiered discounts can push maker rates as low as -0.005% for top tiers.
- SGD Rails: PayNow, FAST/MEPS are typically free and instant. International wires are available with a low flat fee.
- Transparency: OKX provides proof of reserves and maintains full MAS authorization under the MPI framework.
Pros
- About 350+ cryptocurrencies and pairs.
- SGD support across FAST/MEPS, PayNow, and SWIFT.
- Consistently low spot fees (around 0.08% / 0.10%).
- MAS-regulated status.
Cons
- No simplified “Lite” interface for absolute beginners.
- Customer support quality can be inconsistent.
Best for SGD Deposits and Withdrawals
Coinbase Exchange, a NASDAQ-listed provider, operates locally through its Singapore entity and is supervised by MAS. SingPass-enabled onboarding and polished interfaces make it accessible for newcomers and efficient for frequent traders.
- SGD Payments: Deposit and withdraw via FAST, PayNow, or bank cards with instant processing and no deposit fees on local rails.
- Onboarding: SingPass identity verification accelerates KYC and reduces friction for residents.
- Compliance: As an S&P 500 company with stringent U.S. and Singapore oversight, Coinbase emphasizes strong custody practices.
Pros
- More than 200 cryptocurrencies available.
- FAST, PayNow, and card support for SGD funding.
- Separated “Simple” and “Advanced” trading interfaces.
- MAS-regulated operations in Singapore.
Cons
- Spot trading fees are higher than several peers.
- Lacks granular, continuously updated public proof of reserves.
- Reported security incidents in 2025, 2023, and 2021.
Best for Secure Trading
Gemini is recognized for institutional-grade controls, third-party audits, and comprehensive compliance. It supports SingPass onboarding, provides insurance-backed custody, and offers fast SGD deposits.
- Compliance Stack: MAS MPI license plus SOC 1, SOC 2, and ISO 27001 certifications, with regular external reviews.
- Defense in Depth: Cold storage, 2FA, biometric logins, passkeys, and withdrawal whitelists help protect accounts.
- SGD Funding: FAST transfers are free and typically instant, with generous per-transfer limits.
Pros
- About 70+ cryptocurrencies listed.
- FAST support for SGD funding.
- Market-leading security certifications.
- Insurance-backed custody.
- MAS-regulated platform.
Cons
- Smaller asset catalog compared with others on this list.
- No continuously published, detailed proof of reserves.
How to Choose the Best Crypto Exchange for Singaporean Traders
If you are brand new to crypto, prioritize an exchange that minimizes setup friction and reduces costly mistakes. Coinbase Exchange tends to be beginner-friendly thanks to SingPass-enabled verification and a clean interface, while ’s app-first design works well for first-time buyers who want an all-in-one experience. If your top priority is controls and governance, Gemini’s compliance and custody posture is often a good fit, and Paybis can be useful for quick one-off purchases when you plan to self-custody immediately.
What Is the Current State of Crypto Regulation in Singapore?
Singapore regulates digital payment token services under the Payment Services Act (PSA) and the Financial Services and Markets Act (FSMA). As of 2026, providers must obtain a Digital Token Service Provider license, maintain AML/CFT controls, pass audits, and manage risks appropriately. Non-compliance can result in heavy fines or imprisonment. MAS discourages unlicensed firms serving overseas clients from Singapore to reduce financial crime risks.
Binance and Bybit are not included in this licensed-exchange list because they do not present as MAS-licensed digital payment token providers for Singapore residents. That does not automatically mean they are “banned,” but it does mean they are not authorized to market or provide regulated services locally in the same way a MAS-licensed platform can. In practice, Singapore users may see limitations such as reduced or unavailable SGD rails (for example, no direct FAST/PayNow connections), tighter onboarding requirements, and product or feature restrictions depending on where and how the service is operated.
What Crypto Taxes Apply in Singapore, and How Do I Report Them?
Capital gains from personal crypto investing are generally not taxed. Income Tax may apply to activities such as frequent trading, staking rewards, or business-related crypto profits. Keep complete trade records in SGD and report taxable income through IRAS with documentation that supports your calculations.
How Do I Pick a Safe Exchange in Singapore?
Look for MAS licensing, independent audits, strong wallet custody, 2FA, withdrawal whitelists, proof of reserves, and a solid reputation. Beyond baseline security features, pay attention to how platforms describe client-asset safeguards (for example, custody controls and any insurance disclosures where applicable) and whether they provide transparency artifacts such as proof of reserves. Finally, review each venue’s disclosed incident history and account-protection policies so you understand what happens if access is compromised or withdrawals are disputed.
How Do I Protect My Assets on Exchanges?
Enable 2FA with an authenticator app, lock withdrawals to whitelisted addresses, and keep only trading balances on exchanges. Store long-term holdings in a hardware wallet, apply anti-phishing codes, and avoid unsolicited links.
Which SGD Payment Methods Are Commonly Supported?
FAST and PayNow typically offer instant, zero-fee SGD deposits and withdrawals. Cards and e-wallets provide speed but can carry higher fees. In this guide, generally supports SGD transfers via FAST, OKX supports SGD rails such as PayNow and FAST/MEPS, Coinbase Exchange supports FAST and PayNow, and Gemini supports FAST. Paybis focuses on card and wallet-based payments (such as Apple Pay, Google Pay, and Revolut Pay) and typically does not provide the same local bank-rail experience as MAS-licensed exchanges. SWIFT and MEPS are available on some platforms; SWIFT may take several business days with small fixed charges. Check each exchange’s payment services and fee schedule before funding.
Is P2P Trading Available in Singapore?
Yes. Licensed venues such as OKX offer P2P with escrow. Use verified merchants, follow platform guidance, and keep all communication on-platform to minimize risk.
What Fees Should I Consider?
Review maker/taker trading fees, spreads on “Quick Buy/Sell,” deposit and withdrawal costs (both crypto and SGD), futures funding or interest, inactivity fees, and any currency conversion charges when not trading SGD pairs.
What Are Common Crypto Scams and How Can I Avoid Them?
Phishing, fake investment sites, unregulated venues, and impersonation scams are prevalent. Verify URLs, avoid “guaranteed returns,” use MAS-licensed exchanges, never share login or KYC data, and rely on escrow and verified merchants for P2P trades.
