7 Best Crypto Exchange Platforms For Trading In SG

1. Crypto.com

With over 80 million users globally, Crypto.com is one of the most trusted crypto exchange platforms in Singapore. It was established in 2016 and has since expanded from Bitcoins and Ethereum to over 250 different cryptocurrencies, including Polkadot, Dogecoin, and Cardano. Users are able to make instant SGD deposits at no additional costs via Google/ Apple Pay and FAST.

Their crypto platform also has its own line of Visa cards, which come in various sleek metallic finishes. The Visa cards allow you to earn cashback for various other platforms, such as Spotify and Netflix, as well as up to 5% rebates in the form of rewards when you make purchases with the card.

Some of the unique features not widely available on other trading platforms include the ability to leverage trades up to 10 times, coin staking for interest earnings, and options and futures contracts. If security is what you are worried about, the platform uses multi-factor authentication alongside rigorous data protection practices that are regulated by Singapore’s Personal Data Protection Act.

2.  Changelly

Changelly, a non-custodial exchange launched in 2015, offers a straightforward trading experience for digital currencies with minimal fees, positioning itself as a top choice for those seeking the best crypto exchange in Singapore. With over 2 million active users, Changelly provides a comprehensive platform for buying, selling, swapping, and trading cryptocurrencies, accessible both via its website and through an API widget, enhancing user convenience.

The crypto platform introduces Changelly Earn, a program designed to empower users with tools for business enhancement and monetization, sharing up to 60% of revenue from transactions. For advanced traders, Changelly PRO extends its offerings with a full-featured exchange, including a multi-currency wallet, access to over 50 markets with competitive fees, and an intuitive trading terminal, all aimed at providing a sophisticated trading environment.

Despite its appealing features, users should consider the higher costs associated with fiat transactions, which can reach up to 5%, and the absence of an in-built wallet in its standard version—requiring external wallets like Ledger Nano X or Trezor Model T for asset storage. Nevertheless, with its mobile app availability and wide cryptocurrency selection, Changelly remains a favored option for those navigating the crypto trading landscape in Singapore.

3. Coinmama

Since its launch in 2013, Coinmama has quickly risen to prominence as a trusted crypto exchange, serving over 2.3 million users across 197 countries, including Singapore. Known for its user-friendly platform, Coinmama facilitates the purchase of various cryptocurrencies using fiat currencies, such as the Singapore Dollar (SGD), positioning it as a top choice among Singapore’s crypto exchanges. It was among the first to enable Bitcoin acquisitions via credit and debit cards, continuing to support a wide array of payment options like Faster Payments, Fedwire, Sofort, SEPA, SWIFT, and Apple Pay, making it accessible for both novice and experienced traders. The platform is celebrated for its immediate crypto delivery to users’ wallets and high transaction limits.

Coinmama distinguishes itself with a Loyalty Program, offering up to 25% rebates on transaction fees, providing tangible benefits for regular users. Despite its many advantages, potential users should be aware of its relatively high fees, starting at 2.93% and reaching up to 3.90%, with an additional 5% for credit and debit card transactions. Nonetheless, Coinmama emphasizes security with two-factor authentication (2FA) and adheres to Singapore’s stringent crypto exchange regulations, ensuring a safe trading environment.

However, Coinmama’s offering is tailored more towards straightforward buying and selling without the provision of advanced trading tools, and its selection of supported cryptocurrencies is somewhat limited, though plans for expansion are on the horizon. Despite this and the lack of support for Malay, Tamil, or Singaporean Mandarin, Coinmama remains a solid option for Singaporeans seeking a secure and easy-to-navigate platform for entering the cryptocurrency market with fiat currency.

4. Bitstamp

Bitstamp stands out as a leading choice among global crypto exchanges, earning its stripes as a top crypto trading platform in Singapore thanks to its user-friendly interface and comprehensive suite of features. With its app readily available for download on both Google Play and the Apple App Store, Bitstamp ensures that SG crypto exchange users can engage in trading effortlessly from their mobile devices, keeping the marketplace right at their fingertips.

This esteemed platform enhances trading efficiency through its API tool, which facilitates the integration of custom software solutions, such as trading bots. This feature simplifies the process of automating trading strategies, allowing users to navigate the buying and selling of over 80 sought-after cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, with ease. Bitstamp’s reputation as the best crypto exchange in Singapore is further cemented by its extensive industry tenure, offering over a decade of secure, reliable service to the cryptocurrency community.

Bitstamp prioritizes the safety of its users’ investments, employing robust security protocols and opting to store a significant portion of client assets in cold storage to mitigate risks. Fully compliant with Singapore’s stringent crypto regulations, Bitstamp also encourages users to activate multi-factor authentication, adding an extra layer of security. Its trading fees, based on a maker-taker model, are designed to be competitive, scaling down from 0.4% to potentially 0% based on the user’s 30-day trading volume, making it not only a secure but also an economically viable choice for traders. With its amalgamation of accessibility, security, and cost-effectiveness, Bitstamp is indeed the best crypto platform in Singapore for those looking to dive into the digital currency market.

5. Coinbase

For those navigating the crypto market in Singapore, Coinbase stands out as a premier SG crypto exchange renowned for its commitment to security, educational resources, and user accessibility. Despite its origins as a US-based entity, Coinbase has successfully extended its reach to Singapore, establishing Coinbase Singapore under the regulatory oversight of the Monetary Authority of Singapore. This approval positions it as a pivotal player in Singapore’s digital payment landscape.

At the heart of Coinbase’s operations is a steadfast focus on safeguarding user assets. The exchange employs two-factor authentication and stores the bulk of digital assets in cold storage, minimising the risks of cyber threats. Additionally, an insurance policy enhances the safety net for users’ funds. For SGD transactions, Coinbase supports both credit/debit card purchases and bank transfers, facilitating seamless deposits and withdrawals, affirming its status as one of the best crypto trading platforms in Singapore.

Beyond its core trading functionalities, Coinbase enriches its users’ experience with innovative features such as the Coinbase Earn and Learn and Earn programs, promoting financial gains while expanding crypto knowledge. The platform also dives into the burgeoning NFT market with Coinbase NFT, a vibrant community for artists and collectors alike. With access to over 100 cryptocurrencies, including leading assets like Bitcoin, Ethereum, and Cardano, Coinbase caters to a broad spectrum of investment preferences. 

However, it’s noteworthy that the platform’s fee structure, influenced by various factors, leans towards the higher end, emphasising the premium on the comprehensive services it provides. In essence, Coinbase exemplifies the qualities of the best crypto platform in Singapore, offering a blend of security, diversity, and educational opportunities to both novice and experienced traders.

6. KuCoin

KuCoin is widely recognised as a leading crypto exchange in Singapore, offering an extensive array of trading services characterised by low fees. This platform has garnered global attention, amassing a user base of over 10 million across more than 200 nations, including Singapore. Its appeal lies not only in its comprehensive trading options, which include spot, margin, peer-to-peer, and derivatives trading but also in its accessibility through both a web-based exchange and a dedicated mobile application for both Android and iOS users.

The platform stands out for its extensive cryptocurrency support, facilitating transactions in over 400 digital currencies such as Bitcoin, Ethereum, Cardano, Tether, and XRP, alongside multiple fiat currencies including SGD. This makes KuCoin an attractive option for those wishing to engage in crypto trading with SGD. Additionally, KuCoin enhances user experience by offering opportunities for passive income through cryptocurrency lending or staking, with added benefits for holders of its native token, KuCoin Shares (KCS), including significant trading fee discounts and rewards.

KuCoin prioritises the security of its users’ assets through advanced measures such as multilayer encryption, multi-factor authentication, and the use of micro-withdrawal wallets, supplemented by specialised risk management departments. For users seeking extra security for their digital assets, KuCoin provides a non-custodial service that allows for the integration with third-party crypto wallets, avoiding the need to store assets in a KuCoin wallet. Adhering strictly to Singapore’s crypto regulations, KuCoin stands as a premier choice for a crypto trading platform in Singapore, combining security, diversity, and regulatory compliance to meet the needs of a broad spectrum of traders.

7. Kraken

Kraken stands as one of the premier crypto exchanges in Singapore, renowned for its stringent security protocols, competitive fees, and a plethora of features that distinguish it from competitors. Offering access to over 200 cryptocurrencies, it provides traders with ample opportunities to diversify their crypto portfolios with ease. The platform caters to the Singapore market by making nearly all its features, except for futures trading and opt-in rewards, readily available. This includes staking options, where interest rates range from 0.25% to 20%, offering a viable avenue for earning passive income.

For the more adept traders in Singapore, Kraken facilitates margin trading with up to 5x leverage, thus amplifying their capacity to navigate and capitalise on market volatility. With over 100 markets supporting margin trading, Kraken ensures traders have the flexibility to employ varied trading strategies. Security is a cornerstone of Kraken’s operations, positioning it as one of the most secure SG crypto exchanges. It rigorously adheres to Singapore’s crypto regulations, incorporating features like two-factor authentication (2FA), cold storage of assets, API security measures, continuous surveillance, and SSL encryption. Since its inception in 2011, Kraken has maintained a stellar security record, bolstered by its commitment to transparency regarding its security practices, product offerings, and fee structure.

While Kraken does not support SGD transactions, it accommodates various other fiat currencies, enabling Singaporean users to seamlessly engage in crypto trading. The exchange’s fee system is designed to be equitable, with spot trading employing a maker-taker fee model and margin trading charges that are clearly outlined. Kraken’s digital presence is complemented by two mobile applications, catering to both basic and advanced users through the Kraken and Kraken Pro platforms, respectively. This combination of robust security, a wide range of cryptocurrencies, and user-centric features solidifies Kraken’s status as the best crypto platform in Singapore, appealing to both seasoned traders and those new to the crypto space.