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Singapore has quickly become one of Asia’s most crypto-forward nations—thanks to clear regulations, no capital gains tax on long-term holdings, and a growing list of MAS-licensed platforms. Whether you’re a first-time buyer or an experienced trader, understanding how to buy Bitcoin in Singapore starts with choosing the right Singapore crypto exchange.
In this guide, we’ll break down how to buy Bitcoin in Singapore, the legal status of crypto, and how to choose the right Singapore crypto exchange for your needs.
How to Buy Bitcoin in Singapore: Summary
Bitcoin is completely legal and regulated in Singapore. Cryptocurrency exchanges are expected to collect information regarding the identity of their users, report suspicious transactions and to actively enforce KYC and CFT (Countering the Financing of Terrorism) requirements. Singapore remains one of the most crypto-friendly countries in Asia, thanks to clear regulations, no capital gains tax on long-term holdings, and growing access to licensed platforms.
Wondering how to buy crypto or Bitcoin in Singapore? Here are 3 simple steps to get started with a trusted Singapore crypto exchange:
- Get a Bitcoin wallet
- Choose how many Bitcoin you wish to buy
- Enter your payment information and Bitcoin address
Looking for the best Singapore crypto exchange? Licensed platforms make it easy to buy Bitcoin in Singapore using SGD and local payment methods.
Key Takeaways
- Bitcoin is legal and regulated in Singapore, with no capital gains tax for long-term holders.
- MAS requires exchanges to follow strict KYC and anti-money laundering rules for consumer protection.
- Top platforms include Crypto.com, Coinbase, and OKX.
- Non-custodial wallets like Best Wallet offer private, flexible crypto management—ideal for users who want full control.
- Exchange-based wallets like OKX and Crypto.com offer more features but require identity verification.
- Singapore is a regional crypto hub, hosting major events like TOKEN2049 and launching institutional products like SGX Bitcoin futures.
How to Buy Bitcoin in Singapore: Legality
Bitcoin is legal and regulated in Singapore, making the country one of the leaders in Bitcoin adoption. Singapore was the second country in the world to regulate cryptocurrencies, right after the United States of America. The national bank of Singapore has devised a plan to incorporate cryptocurrency exchanges and regulate their operations.
As part of the law, exchanges in Singapore are required to collect identity information from their users and to actively work to prevent money laundering and terrorist financing.
Individuals in Singapore can safely buy, sell, and own cryptocurrencies. However, they are still subject to taxation, except in very specific scenarios. According to Singaporean law, there is no taxation on capital gains.
This means that any individual or business which takes up a long term position in any cryptocurrency is free to enjoy any resulting profits completely tax-free. However, trading activity is not similarly exempted from taxation.
Businesses in Singapore that choose to accept digital currencies are expected to pay the normal tax rates on all crypto-generated income. The value is calculated depending on the market value of the crypto at the time of the received transaction.
How Popular is Bitcoin in Singapore?
Singapore is one of Asia’s leading financial hubs, and its forward-thinking approach extends to digital assets like Bitcoin. When it comes to how to buy Bitcoin in Singapore, the process is straightforward thanks to a strong network of licensed Singapore crypto exchanges and supportive regulations. Google Trends shows consistent interest in Bitcoin from Singaporeans, reflecting a growing appetite for both long-term investment and active trading. With access to local platforms like Coinhako and global options such as OKX and Coinbase, Singapore users can easily start their crypto journey using SGD and local payment methods.
In the past 5 years, the popularity of the keyword “Bitcoin” held strong, with some response to market movements:
Overall, LocalBitcoins volume is relatively low for Singapore. This could be explained by the fact that unlike other countries with a more complicated crypto market, the positive legal status of Bitcoin in Singapore makes face-to-face trades less attractive.
Main Singaporean Bitcoin Communities
Singapore is a highly connected country, so it’s no surprise that most Bitcoin communities prefer to meet in person rather than just online. The local Meetup groups are a great place to begin if you want to connect with other Bitcoin fans.
You may also find people to discuss Bitcoin on these online resources:
Top Singapore Crypto Exchange Options for 2025
If you’re looking for an easy way to buy crypto in Singapore, there are several trusted Singapore crypto exchange platforms to choose from. Local options like Coinhako and international names like Crypto.com and OKX are all licensed under Singapore’s Payment Services Act, meaning they follow strict rules for user safety and compliance. For those who prefer full control over their crypto, Best Wallet is a top choice. It’s a non-custodial wallet that lets you buy, store, and manage your Bitcoin and other cryptocurrencies—all without giving up your private keys. You can also explore other reliable platforms in our full exchange list here.
Best Wallet – The Best Non-Custodial Bitcoin Wallet in the Market
One of our favorite alternative options to buying on exchanges is Best Wallet , which we regard as the best non-custodial crypto wallet for 2025. Best Wallet is an interesting option because it is essentially a one-stop option for all your Bitcoin and cryptocurrency needs. Not only can you store your Bitcoin and many other cryptocurrencies in the wallet, but you can also seamlessly buy new crypto right through the wallet.
Best Wallet is also non-custodial, which means nobody but the user has access to the private keys and backup passphrases. Users take full control of the crypto coins via a mobile app, browser extension, or desktop software.
Best Wallet not only lets you hold and trade Bitcoin, but it also works with many other cryptocurrencies, making it a one-stop shop for all your crypto needs. Best Wallet offers highly liquid markets for thousands of tokens across more than 60 blockchains, including Bitcoin, Ethereum, Solana, Sui, Dogecoin, Uniswap, and many more.
One fo the best aspects of Best Wallet is that it does not charge transaction fees. The only fees you may encounter are blockchain fees. It’s important to note that Best Wallet is a non-custodial wallet, meaning your crypto will remain safe and in your hands.
Pros
- Highly liquid markets for thousands of cryptocurrencies
- Non-custodial
- Large ecosystem that supports DeFi
- Early access to exclusive presales
- No inherent fees when buying or selling crypto
Cons
- No fiat deposits
Kraken
Kraken is known for its strong security, clean interface, and professional-grade trading tools. While it’s often seen as a platform for serious traders, Singapore users will appreciate its ease of use and transparent fees. Kraken also offers solid staking options and supports SGD deposits through regulated third-party providers.
Pros
- Strong security with 2FA and time locks
- Advanced trading via Kraken Pro
- Transparent fees and low spreads
- Over 340 supported cryptocurrencies
- Beginner-friendly UI despite pro-level tools
Cons
- Instant buy fees can be higher
Margex
Margex is a derivatives-focused exchange that lets you trade crypto with leverage up to 100x. It’s a good pick for Singapore traders looking for margin trading tools without getting overwhelmed. The platform also offers a demo mode—so you can test strategies before putting real money on the line. Plus, no KYC is needed to get started.
Pros
- Up to 100x leverage on trades
- No KYC needed for access
- Demo trading available without sign-up
- Simple interface and clean UX
- Cold wallet storage for all funds
Cons
- Not as strictly regulated as major exchanges
Coinbase
Coinbase is one of the most trusted crypto exchanges globally, and it’s available to users in Singapore. It offers a beginner-friendly experience, layered with advanced tools like staking, secure cold storage, and real-time portfolio tracking. While the fees can be higher than others, the platform’s simplicity and compliance with local laws make it a safe entry point.
Pros
- Trusted and compliant globally
- Very beginner-friendly layout
- Access to 18,000+ digital assets
- Built-in staking and NFT support
- Insured hot wallet for added peace of mind
Cons
- Higher fees than most exchanges
- Limited local payment methods in some regions
OKX
OKX is now fully licensed in Singapore and supports SGD transfers via local methods like PayNow and FAST. It offers hundreds of tokens, spot and futures trading, and tools for both pros and beginners. If you want a platform that combines trading, earning, and DeFi features under one roof, OKX is a strong contender for Singapore crypto users.
Pros
- Fully licensed in Singapore
- Supports 350+ cryptocurrencies
- Integrated with PayNow and FAST
- Advanced tools for DeFi, bots, and futures
- Audited by Certik and Slowmist
Cons
- Customer support can be slow
- Advanced tools may confuse beginners
Other Exchanges Available in Singapore
Huobi Global (HBG)
HBG, originally a Chinese cryptocurrency exchange, was forced to expand elsewhere once China adopted a regulatory-hostile stance towards cryptocurrency businesses.
Huobi is an established global company by this point, and their headquarters have been recreated in Singapore. From there, they manage all their crypto business across the world, as well as offering their services to local crypto users.
Huobi’s base transaction fee is 0.2%, with better rates for more active traders. You can read their fee structure for more information.
Singapore is extremely pro-crypto. As such, the international cryptocurrency exchange scene is competing for the increasing demand in Singapore. Binance opened up a special branch in Singapore.
Here are a few of the many international exchanges which you can use safely:
Coinmama
Coinmama, established 2013, has proven itself to be a real guardian of cryptocurrency and especially Bitcoin, fostering a significant amount of interest in that technology. Coinmama is able to satisfy the needs of crypto buyers and sellers around the globe.
You can easily purchase Bitcoin with a credit or debit card or an international bank transfer, which makes getting your first Bitcoins simple and effective.
While secure and reputable, this exchange does have a steep transaction fee of up to 5.5% per transaction.
To learn more about this exchange read our full review of Coinmama to learn more.
CEX.IO
CEX.io, founded in 2013, is a UK-based cryptocurrency exchange that enables you to buy and sell a wide variety of cryptocurrencies, including Bitcoin.
You can use a debit card or a bank transfer to deposit funds into your account for free, with fees as low as 0.2% when trading.
To learn more read our full CEX.io review for more info.
Changelly
Changelly is an instant crypto-to-crypto exchange requires you to have cryptocurrencies in your possession to begin with. You can use it to quickly and simply buy Bitcoin if you have any of the other supported cryptocurrencies.
There are minimal fees of 0.5% per transaction and Changelly does not require you to sign up with your government-issued ID.
Through their partners, you can also buy Bitcoin with a debit card for a minimum of $50 and up to $10.000 on the first transaction.
To learn more read our full Changelly review for more.
How many Bitcoin ATMs are there in Singapore?
There are a total of 7 Bitcoin ATMs in Singapore, most of them featuring both buy and sell functions for users. The latest one to be established in the country belongs to CoinRepublic, as described in this article.
All of the ATMs can be found in the center of Singapore, located within a 3km radius around the City Hall near the Downtown Core:
While physical Bitcoin ATMs are useful for small trades, most users prefer the convenience and features of a licensed Singapore crypto exchange.
Singapore Crypto Exchange Domain: Key Updates
Singapore continues to cement its status as a regional crypto hub. The Singapore Exchange (SGX) is set to launch Bitcoin perpetual futures, marking a significant step toward institutional adoption of digital assets. Meanwhile, more crypto exchanges acquired Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling them to offer regulated crypto services and integrate local payment methods like PayNow and FAST. Any Singapore crypto exchange operating legally must comply with the Payment Services Act and enforce KYC and AML checks. On the regulatory front, MAS has tightened rules for retail investors by banning leverage and credit-based crypto purchases to protect consumers from risky speculation.
Singapore also became the host for TOKEN2049 at Marina Bay Sands in 2025, drawing thousands of global blockchain leaders and investors for one of the largest crypto events in the world.
Conclusion
By regulating Bitcoin and cryptocurrency, Singapore is raising millions in taxes and have attracted many big crypto businesses and start-ups. There are many options to buy and sell Bitcoin in Singapore, and the climate is most favorable towards Bitcoin users.
Whether you’re a beginner or a seasoned investor, picking a reliable Singapore crypto exchange is key to buying, storing, and trading Bitcoin safely.
So find an exchange that works for you and get trading!
References
- Monetary Authority of Singapore (MAS). “MAS Strengthens Regulatory Measures for Digital Payment Token Services.” MAS.gov.sg, 3 July 2023. https://www.mas.gov.sg/news/media-releases/2023/mas-strengthens-regulatory-measures-for-digital-payment-token-services.
- CoinLedger. “Singapore Crypto Tax: A Comprehensive Guide (2025).” CoinLedger.io, 2023. https://coinledger.io/blog/singapore-crypto-tax.
- Sumsub. “Singapore Crypto Regulations—All You Need to Know in 2025.” Sumsub.com, 2025. https://sumsub.com/blog/singapore-crypto-regulations-all-you-need-to-know/.
- Inland Revenue Authority of Singapore (IRAS). “Income Tax Treatment of Digital Tokens.” IRAS.gov.sg, 2023. https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-treatment-of-digital-tokens.
FAQs
Is Bitcoin legal in Singapore?
Yes, Bitcoin is legal and regulated in Singapore. MAS oversees crypto exchanges and enforces strict KYC and AML rules.
Do I have to pay tax on Bitcoin in Singapore?
Capital gains from long-term crypto holdings are not taxed, but trading profits and crypto-related business income may be taxable.
Can I buy Bitcoin with SGD in Singapore?
Yes. Platforms like Coinhako, Crypto.com, and OKX support SGD deposits via bank transfers, PayNow, and FAST.
Do I need to verify my identity to buy Bitcoin?
Yes. Most MAS-licensed exchanges require identity verification to comply with local laws.
What’s the safest way to store Bitcoin in Singapore?
For full control and security, use a non-custodial wallet like Best Wallet or a hardware wallet like Ledger.
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