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OKX and Crypto.com offer powerful tools for experienced traders with over 300 cryptocurrencies each.
Coinbase and Coinhako are beginner-friendly platforms with SGD support and simple features.
MAS-approved exchanges are safer, follow strict rules, and are better choices for crypto users in Singapore.
Crypto is still growing wildly in popularity. Singapore has become one of the safest places in Asia to trade. The government has made strict rules, which means only a few platforms are officially allowed to run. These platforms follow proper checks, so people don’t end up losing their money to scams. Let’s take a look at some of the most trusted crypto exchanges in Singapore right now:
OKX is one of the biggest crypto platforms that’s fully approved in Singapore. It offers over 400 different coins and tokens. What makes it special is the number of tools it gives for trading. Some people use bots to trade faster, and there are also options for advanced trades like futures.
Money can be added or taken out using PayNow or FAST, which most banks support. Trading fees are low, and the platform keeps funds safe by storing them offline and showing proof that all user funds are backed.
Also Read: Top Crypto Exchanges in Dubai: Most Trusted Platforms
Coinbase is very simple to use. The design of the app is clean, and it doesn’t feel confusing, which is why many beginners start here. It also has a feature that gives rewards for learning about new cryptocurrencies.
In Singapore, it works with FAST for deposits. But some users have said that the ID checks and withdrawals can be a bit slow. Even then, it’s one of the most trusted names in crypto, not just in Singapore but worldwide.
Crypto.com is more than just a place to trade crypto. It offers a Visa card that lets people spend crypto like regular cash. You can also buy and sell NFTs, earn interest by saving crypto, and get rewards by staking coins.
It supports payments in Singapore dollars using PayNow and FAST. The trading fees are fair, and users can get discounts if they hold Crypto.com's token, CRO. It's a solid app for anyone looking to explore more than just simple crypto trading.
Coinhako is one of the few exchanges that started in Singapore. It supports over 100 tokens and lets users set alerts, do repeat buys, and earn rewards for staying active on the platform.
It’s built for local use, so it accepts payments through PayNow, FAST, and even credit cards. Trading fees are a bit higher—around 0.6%—but many still use it because of how simple and familiar it feels.
Gemini is very focused on keeping things secure. It meets international standards for security, and most of the money is stored offline to protect it from hackers.
The platform supports around 90 cryptocurrencies. Deposits through PayNow and FAST are free, but trading fees are higher than some others. Gemini is known for being serious about safety, which makes it popular with people who want everything locked down.
Independent Reserve is built more for people who do large trades or even businesses. It was one of the first to get a license from Singapore’s government. It supports fewer coins than others, but it has services like OTC (over-the-counter) trading that help with big amounts.
It also has strong security and gives insurance for the funds stored there. This exchange is better for experienced traders or those dealing with large sums.
Singapore made its crypto rules tougher this year. Now, only companies with a full license can offer services to people living there. Big platforms like Bybit and Bitget could be forced to leave if they don’t meet the rules.
The idea behind these changes is to make things safer and more trustworthy for everyone using crypto.
Also Read: Best Crypto Exchange with Lowest Fees
Each exchange has something different to offer. OKX and Crypto.com are packed with features. Coinbase and Coinhako are good for people who want a simple experience. Gemini focuses on safety, and Independent Reserve supports big trades.
Since all these platforms follow local rules, users know they’re dealing with trusted names. In a space that still has risks, that matters.
