This article explores the leading cryptocurrency exchanges in Singapore and discusses the peculiarities of each listed exchange alongside trading costs, security measures, and the overall user experience.
This article aims to help participants of all levels – novices who want to invest in Singapore dollars, and seasoned investors who want a more liquid market- trade in cryptocurrency in the best and safest way possible.
How To Choose The Best Crypto Exchange In Singapore
Check the Regulation by the Monetary Authority of Singapore
The MAS has regulated crypto exchanges since it was granted regulatory oversight by the Monetary Authority of Singapore under a Major Payment Institution (MPI) license to operate as a regulated crypto exchange.
Trading in Singapore Dollars (SGD) as a Base Currency
Confirm that the exchange allows for SGD deposits and withdrawals through PayNow, FAST, and Bank Transfer. This is to avoid paying unnecessary foreign exchange (FX) costs associated with the conversion of Singapore dollars (SGD) to US dollars (USD) and US dollars to crypto.
Trading Fees
Trading and Coinhako charges different fees across their platforms (Coinhako {0.5}%,{O}{K}{X}{0.5}%,{O}{K}{X}0.08%, Crypto.com ~0.25% fees). An exchange with low costs is a big plus for a trader who makes a lot of trades.
Liquidity and Trading Volume
The larger the daily trading volume of the exchange, the less slippage there is. The deepest liquidity exchanges globally are Binance, OKX, and Crypto.com.
Safety and Security
Security Burden of Proof. The exchange market is no different than the retail market, where trust needs to be earned. Look for protective measures such as 2FA, cold wallet storage, proof of reserves, and insurance coverage.
Key Points & 10 Best Crypto Exchanges in Singapore
| Exchange | Key Points |
|---|---|
| Crypto.com | MAS-licensed (Major Payment Institution). Offers 300+ coins, futures, staking, NFTs, Visa card spend, PayNow/FAST support, and CRO token discounts. |
| Coinhako | Singapore-based MAS-licensed exchange. Supports 100+ tokens, easy onboarding via Singpass, PayNow/FAST/GrabPay, recurring buys, reward program; beginner-friendly. |
| OKX | Holds in-principle MPI approval in Singapore. Offers 400+ coins, advanced trading (futures, bots), low fees, SGD via PayNow/FAST, strong compliance. |
| Luno | MAS-licensed, beginner-oriented with easy SGD deposits/withdrawals, educational content, simple interface; limited coins (~10), no advanced tools. |
| Zipmex | Founded in Singapore, supports SGD & other currencies, staking via ZipUp/ZipLock, interest accounts, decent features but lower liquidity and higher fees. |
| Binance Singapore | Offers SGD trading via Xfers, low fees, advanced tools (futures, loans, staking), but limited coin availability directly in SGD. |
| Gemini | Known for top-tier security (cold storage, insured hot wallets). ~90 coins, PayNow/FAST support, higher fees, strong trust. |
| Kraken | Renowned security, proof of reserves, staking, margin/futures, institutional-grade; no SGD support directly. |
| AsiaNext | Institutional digital asset exchange with full MAS RMO license and in-principle CMS approval—targeting institutional clients. |
| JuCoin | Singapore-based platform with new CeDeFi integrations, launch of unique features (e.g. Contract Guardian), and a native token JU. Still emerging in 2025. |
10 Best Crypto Exchanges in Singapore
1.Crypto.com
In September, Crypto.com secured ‘in-principal’ approval from the Monetary Authority of Singapore (MAS), which attests to their regulatory standing in Singapore regarding a Major Payment Institution (MPI) license.
On their exchange, standard maker fees begin at around 0.25% and taker fees at approximately 0.50% (30-day volume below USD 10,000). For high-volume traders, maker fees drop to 0.00% and taker fees drop to as low as 0.05%.
This is also available with CRO staking. The platform is useful for local and international access as it supports more than 100 cryptocurrencies and 21 fiat currencies.
| Feature | Details |
|---|---|
| Founded | 2016, Hong Kong |
| Regulation | MAS in-principle MPI approval |
| Maker/Taker Fees | 0.25% / 0.50% (lower with CRO staking or volume) |
| Crypto Support | 300+ coins |
| Fiat Support | 21 currencies incl. SGD |
| Unique Features | Visa card with cashback, NFT marketplace, staking, DeFi wallet |
| Countries Supported | 90+ countries including Singapore |
2. Coinhako
Coinhako is a regulated company in Singapore that provides both residents and foreign clients with payment and trade custody via custodial services, directly integrating with Singpass. Coinhako simplifies the customer interface and onboards users on a large scale.
Apart from offering services and custody for around 100 cryptocurrencies, Singpass also enables cross-border and domestic clients to access Coinhako directly.
In Coinhako, the fees for spot trade per SGD for buying crypto is around 0.6%, whereas Limit and Recurring buys approximate ~0.5%. Coinhako instant funding is around 2.8%. Spreads on trading may also approximate to 1% which is on the higher side for active traders.
| Feature | Details |
|---|---|
| Founded | 2014, Singapore |
| Regulation | MAS-licensed MPI |
| Maker/Taker Fees | ~0.5%–0.6% (spot & recurring buys) |
| Crypto Support | 100+ coins |
| Fiat Support | SGD (via PayNow, FAST, GrabPay) |
| Unique Features | Singpass login, rewards, recurring buys |
| Countries Supported | Singapore, select regional markets |
3. OKX
Since its inception in 2013, OKX has operated under Singapore’s MPI license and provides instant deposit and withdrawal of Singapore Dollars through DBS PayNow and FAST.
Pricing for Spot trading begins at about 0.08% for makers and 0.10% for takers, with lower fees offered at larger trading volumes or higher OKB holdings.
OKX services more than 350 cryptocurrencies and over 500 trading pairs, in addition to futures and staking. OKX offered its first services in Singapore Dollars in late 2024.
| Feature | Details |
|---|---|
| Founded | 2013, Seychelles |
| Regulation | Holds MAS MPI license (2024 approval) |
| Maker/Taker Fees | 0.08% / 0.10% (lower with OKB holdings) |
| Crypto Support | 350+ coins, 500+ pairs |
| Fiat Support | SGD via PayNow/FAST |
| Unique Features | Advanced trading, bots, futures, DeFi hub |
| Countries Supported | 100+ countries including Singapore |
4. Luno
Luno was first introduced to Singapore in 2016 and then re-launched through banking partnerships in November 2019. It, however, stopped servicing Singapore as of June 20, 2023, while advising the users to withdraw the funds by then.
As of now, the company doesn’t service its Singaporean customers, which is evident through the absence of trading fees and service provision in Singapore dollars.
| Feature | Details |
|---|---|
| Founded | 2013, London |
| Regulation | Previously MAS registered, exited SG in 2023 |
| Maker/Taker Fees | N/A (service discontinued in Singapore) |
| Crypto Support | ~10 major coins (BTC, ETH, LTC, XRP, etc.) |
| Fiat Support | SGD (until June 2023) |
| Unique Features | Beginner-friendly app, education, recurring buys |
| Countries Supported | 40+ countries (not Singapore anymore) |
5. Zipmex
Commencing its business operations in 2019, Zipmex, which is first headquartered in Singapore, targets Singapore, Australia, and inone, Indonesia its Subsequently, it started its operations in Singapore, Australia, and Indonesia.
Among its numerous competitors in the market, Zipmex strategizing accounts in Singapore, Australia, and Indonesia. Zipmex fiat and crypto transactions are in SGD, AUD, IDR, USD, and THB.
Withdrawal payment is also competitive and amongst the least in the market (.0002 on BTC withdrawals). Even though staking (ZipUp/ZipLock) is a feature on the platform, the liquidity and transparency surrounding the fees are questionable.
| Feature | Details |
|---|---|
| Founded | 2019, Singapore |
| Regulation | Operates regionally (SG, TH, ID, AU) |
| Maker/Taker Fees | Variable; withdrawal fee BTC ~0.0002 BTC |
| Crypto Support | 50+ coins |
| Fiat Support | SGD, USD, THB, AUD, IDR |
| Unique Features | ZipUp/ZipLock staking, yield accounts |
| Countries Supported | Singapore, Thailand, Indonesia, Australia |
6. Binance Singapore
Binance has not publicly communicated the Singapore launch date. Globally, it operates with complex, multi-level pricing models. While the precise maker/taker fees for Singapore are absent from my documentation
Binance is renowned for its low pricing and frequent fee promotions—e.g., zero maker/taker for select pairs or for the first 10 days of new contracts. Binance offers a broader Binance ecosystem with futures, staking, loans, and extensive coin availability.
| Feature | Details |
|---|---|
| Founded | 2017, Cayman Islands |
| Regulation | Operated under Binance Asia Services in SG |
| Maker/Taker Fees | ~0.1% (global average, varies in SG) |
| Crypto Support | Limited pairs in SGD, full global >350 coins |
| Fiat Support | SGD via Xfers (previous integration) |
| Unique Features | Futures, staking, savings, launchpad |
| Countries Supported | 180+ globally (SG version limited) |
7. Gemini
Gemini was established in 2014 by the Winklevoss twins; the company specializes in the use of insured hot wallets and cold storage as means of maintaining security.
Singapore is one of their locations and accepts multiple fiat currencies, including SGD, along with 46 to 90+ cryptocurrencies, depending on the source. Fees: the ActiveTrader interface charges 0.0 to 0.2% maker and 0.03 to 0.4% taker fees. Gemini stablecoin (GUSD/SGD) has ultra-low fees: maker 0.00%, taker 0.01%.
| Feature | Details |
|---|---|
| Founded | 2014, USA |
| Regulation | MAS-registered exchange |
| Maker/Taker Fees | 0.00%–0.20% maker, 0.03%–0.40% taker (ActiveTrader) |
| Crypto Support | 90+ coins |
| Fiat Support | SGD, USD, GBP, EUR |
| Unique Features | Insured wallets, strong compliance, stablecoin (GUSD) |
| Countries Supported | 70+ including Singapore |
8. Kraken
Having reliable security and evidence of reserves as well as institutional backing, Kraken is well established worldwide. For users in Singapore, USD SWIFT deposits are usually free (with some exceptions, such as the Silvergate fee of $10 and the Frick fee of $3).
Kraken charges maker/taker fees ranging from –0.02% (rebate) to 0.40% based on trading volume/order type. For Kraken Pro, the cost is 0.26% of the order value for spot trades. Assets and spot trades classified as instant buy may vary in fee: stablecoins are ~0.9%, other coins 1.5%, and trades via card are charged 3.75%+€0.25.
| Feature | Details |
|---|---|
| Founded | 2011, USA |
| Regulation | Global exchange; no direct MAS license |
| Maker/Taker Fees | -0.02% to 0.40% (volume-based) |
| Crypto Support | 200+ coins |
| Fiat Support | USD, EUR, GBP (no SGD direct) |
| Unique Features | Proof of reserves, margin, futures, staking |
| Countries Supported | 190+ (but not SGD onramp) |
9.AsiaNext
AsiaNext is an intellectual-grade digital asset exchange based in Singapore and is fully licensed under the Republic of Singapore Monetary Authority’s Recognised Market Operator (RMO) framework, as well as holding in-principal Capital Markets Services (CMS) approval.
It serves institutional clients rather than retail users (no user-facing trading fee info accessible publicly), framing itself as Singapore’s regulated centre for institutional crypto trading.
| Feature | Details |
|---|---|
| Founded | 2021, Singapore |
| Regulation | MAS Recognised Market Operator (RMO) license |
| Maker/Taker Fees | Not publicly disclosed |
| Crypto Support | Focus on digital assets for institutions |
| Fiat Support | Institutional settlement currencies only |
| Unique Features | Institutional-grade exchange, compliance-first |
| Countries Supported | Singapore (institutional focus only) |
10.JuCoin
Based in Singapore, JuCoin Concentrates in CeDeFi, having introduced creative features like “Contract Guardian” and the native token JU.
It still seems to be an emerging exchange in 2025 with scant public information available about its date of inception, trading fees, and support for fiat currencies. More investigation seems to be warranted to paint the full picture.
| Feature | Details |
|---|---|
| Founded | ~2022–23, Singapore |
| Regulation | Emerging, CeDeFi integration (limited data) |
| Maker/Taker Fees | Not publicly disclosed |
| Crypto Support | Native token JU + select pairs |
| Fiat Support | Limited/unknown |
| Unique Features | CeDeFi features, “Contract Guardian,” JU token ecosystem |
| Countries Supported | Primarily Singapore & select regions |
Conclsuion
In conclusion, Singapore’s selection of crypto exchanges offers something for all investors: Coinhako for novice investors, Crypto.com for all-in-one features, OKX and Binance for solid liquidity and low fees, and Kraken and Gemini for their top-tier security.
Singapore’s crypto landscape for retail and institutional traders is safe, diverse, and easily accessible due to regulation by the Monetary Authority of Singapore (MAS).
FAQ
Yes, it is legal and regulated under MAS (Monetary Authority of Singapore).
Coinhako and Luno (simple interface, SGD support).
OKX and Binance (as low as 0.08% maker/taker).