You are able to reduce the trading fees to 0.80% if you use the promo code ‘COINGECKO’. As such, they can be a rather secure platform. You will be able to receive 10 TKX in your account (worth ~$50 SGD)! Passionate about personal finance and want to earn some flexible income? Cryptocurrencies need no introduction. Binance Singapore only allows you to withdraw to your Xfers wallet. Cathie Wood reiterates $500,000 long-term bitcoin price target amid deep crypto sell-off, Dogecoin Is Too Volatile and Arbitrary to Be Taken Seriously, Rob Black’s Winners & Losers: Stocks continue to fall, Bitcoin Plummets After China Bank Crackdown, ‘I’m not selling’: Michael Saylor doubles down on bitcoin as the cryptocurrency falls as low as $30,000, Stock Markets Live: Sensex, Nifty Climb Amid Steady Asian Trade, 5 Typical Investing Mistakes with Cryptocurrency You Should Avoid, Current State of Crypto As Payment Method in the UK, Bitcoin (BTC) Price Prediction: BTC/USD Is in a Downward Correction, Fluctuates Between $46,000 and $51,000, Live Bitcoin, Dogecoin, Ethereum, Litecoin price and news: Elon Musk ‘working with Dogecoin’, Local bank transfers and earning interest on your holdings, $1.50 to 1.49 per cent of your order value, depending on your web order amount, 1.0 per cent for every buy, sell or swap transaction, Variety of cryptocurrencies and assurance, 60+ (with some assets only available for Coinbase Pro), Variety of crypto assets, currencies and payments. If you are buying BTC on the Luno Exchange, the minimum amount is 0.0005 BTC. Here are the fees and minimums when you’re trading on AAX:Deposit Minimum$50Deposit Fees$35 if deposit < $1500,none if deposit ≥ $1500Trading FeesUp to 0.1%Withdrawal Minimum$150Withdrawal Fees0.3% (Minimum $10)Sending FeesDepends on currency. No, you can’t. Coinut is another exchange that is founded in Singapore in 2013. In contrast, you can only buy currencies on Coinhako at the prevailing market rate. You do not incur any fees when converting one cryptocurrency to the other. Zipmex did talk about what would happen if they cease operations. You can deposit funds into Gemini by transferring them to your Xfers wallet. Coinhako incentivises users with reward points every time you log in and trade. Once again, your crypto stored with Luno should be rather secure. Unfortunately, Binance.sg doesn’t offer other altcoins like Dogecoin, Cardano and Sushi. However, you’ll be charged a $2 withdrawal fee for each transaction. Bitwewe is a trusted platform that’s easy to buy & sell BTC, ETH & USDT. Bityard, a Singapore based cryptocurrency derivative exchange, will soon launch its first global trading contest with up to 60,000 USDT prize pool before May 2021, and the contest registration for each team’s captain is now open on Bityard’s official site. Binance Singapore allows you to send SGD using your Xfers account. It’s like trying to buy fried chicken from a frozen yogurt store like llaollao, when you should actually be buying from the likes of Popeyes, Texas Chicken or Arnold’s. You will need to withdraw a minimum of $150. Fees charged: A low 0.1 per cent of the transaction cost, with an additional two per cent charged if you make the purchase using a credit card. If you use Luno’s Instant Buy, you will incur a 1% fee. When you are transferring money to Liquid, you will be transferred to their account with Far Eastern International Bank. However, it is not as well known as other exchanges. If you are interested in signing up for a Tokenize account, you can use my referral link. Singapore has had designs on creating a cashless society for over 30 years and its sophisticated new regulatory framework has made it one of the most forward-thinking jurisdictions when it comes to regulating digital assets.. As a result, Singapore is one of top 3 largest launch pads for new crypto projects (after the US and Switzerland) and some of the world’s biggest cryptocurrency … However, there are some better-known cryptocurrencies that are not available for trading on Gemini just yet, such as Cardano, Polkadot and Solana. The minimum trade amount depends on each advertiser. You could use cryptocurrency as your satellite portion of your core-satellite portfolio too. Zipmex is an exchange that was founded in Thailand. In this way, you may be buying your crypto at a less favourable rate. Here is Coinhako’s rate between Bitcoin and SGD. There are quite a few features that can help you to earn even more returns with your crypto! However, you are able to buy most of the cryptocurrencies listed on their platform for a cheaper fee elsewhere. It’s also the world’s largest crypto exchange with the highest daily trading volume, supporting more than 500 cryptocurrencies. Even though Tokenize states that their fee is only at 0.80%, I have seen them charging 1% for coins like DOGE or ADA. Crypto.com is a great ecosystem that allows you to trade crypto on their platform. Users can also set up recurring buys as well as dynamic price alerts. Tokenize does not have a minimum trade amount, which is good if you want to trade small amounts. You will also need to withdraw a minimum of $10 SGD for each withdrawal you make. Coinhako. Coinut does not have any minimum trade amount as well. Liquid was previously hacked on 13 Nov 2020, where the hackers tried to gain access to login and 2FA data. For example, some sign-up promotions might not be applicable to users who register in Singapore. Binance (Binance.com) is an all-in-one platform where you’ll find everything that you’ll need when it comes to trading crypto. This is because the withdrawal fees are really high! Here are some of the fees that Coinhako charges you:FeeAmountDeposit Fees0.55% (Xfers)None (FAST)Withdrawal Fees$2 perwithdrawalTrading Fees0.80% – 1%Sending FeesDynamic. CapBridge Financial is a regulated private markets platform in Singapore. You can only buy BTC or USDT from SGD using AAX’s Exchange feature. Most of these minimum trading amounts are equivalent to around $1 USD! As crypto exchange is mainly a platform for trading, it is regulated under the SFA along with other security exchanges. However, you’ll need to deposit a huge amount (≥ $1.5k) to avoid the deposit fees. Here is a summary of Binance Singapore’s features:Number of Currencies8Funding MethodsXfersMethods of BuyingInstant BuyWithdrawal of FundsXfersDeposit FeesNoneWithdrawal FeesNoneTrading Fees0.6%Sending FeesDependson currencyMinimum Per Trade$20SecurityNot disclosedMAS RegulationIntends to complyVerdictCheaper way to buy NEO fromSGD, compared to Coinhako. However, AAX has the added advantage of supporting fiat currencies like SGD. So far, AAX has not been hacked yet, which should give you an ease of mind. The interest rates are lower compared to other platforms that allow you to loan out your crypto. However, this would mean that you incur the additional fee of 3.99 per cent. When you want to transfer your SGD to AAX, you will need to do so via bank transfer. Bitcoin and … For both methods, you are buying crypto at Crypto.com’s prevailing market rate. As such, they should be a rather safe exchange to trade with as well. Moreover, you will incur a 0.4% fee when you sell your crypto back to SGD with Xfers. You’ve decided that you want to buy some cryptocurrencies to add to your investment portfolio. As such, they should be regulated under the MAS as well. Binance Singapore does not disclose the security measures they have put in place. You are required to enter some details so that Zipmex can process your deposit. While it is still quite a lot, you aren’t able to buy certain large-cap currencies, like ADA or DOT. To help you make a quicker decision on the cryptocurrency exchange to use, we’ve picked out five for you to consider as you embark on your wild crypto ride. Hence, you should also invest minimally $200 each time when using Coinbase. Moreover, the remaining funds in the hot wallet is insured. The minimum trade amount depends on each currency. The fees are rather comparable compared to Coinhako. Most of your funds will be stored in a wallet that is offline, so hackers won’t be able to access them. However, you still should be very careful of scams! PRESS RELEASE. When it comes to crypto adoption, the Asia-Pacific region is way ahead of the game. The trading fees on Coinut are pretty reasonable compared to the other platforms. Yet another leader in the crypto field, Huobi has more than 340 cryptocurrencies available. You’ll need to make a minimum deposit of at least $100. However, Coinhako’s main selling point is the ability to buy ‘rarer’ altcoins. Cryptocurrencies are best known for their extreme volatility and of course, their crazy growth, particularly over the past year. AAX offers quite a lot of currencies, but not as many as Binance or Huobi. This is similar to how a foreign currency exchange works. Crypto.com was founded in June 2016. You may want to consider trading on Liquid first. When you are buying crypto on Instant Buy, the minimum is $20. Similar to Binance, Huobi also has a P2P market where avid crypto traders can buy and sell coins with like minded peers — some even offer PayNow as a payment option. China Cryptocurrency Warning Fears Leads To Extended Crypto Selloff. There are 2 ways of buying crypto on Coinhako:if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-leader-3-0')}; Buying with a credit card will be much more expensive! If you would like to fund your account, you can deposit your funds via a bank transfer. Meanwhile, Luno Exchange charges you up to 0.1% per trade. Huobi’s fees are almost as competitive as Binance’s, at 0.2 per cent compared to 0.1 per cent. Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong. Then again, there is always the possibility of a store selling both fried chicken and frozen yogurt in the future. Save my name, email, and website in this browser for the next time I comment. Your funds should be credited back into your account within one business day. For a person to post advertisements, they would need to meet certain requirements, such as: This will help to ensure that only legitimate advertisers will be on the platform. Binance P2P is the riskiest way of buying crypto from SGD, compared to other platforms. Gemini can also be found in 50+ countries! Binance offers more than simply access to buy and sell cryptocurrencies. Most of your funds are stored in the cold wallet. In the event that you do fall prey to a scam, the loss would not be so painful! Coinbase is another popular cryptocurrency exchange and the fees are similar to Gemini – minimally $2.99 for $200 investment and thereafter at 1.49%. As such, you may want to consider using Active Trader, which only costs up to 0.35%. If you are selling in another cryptocurrency, the total amount needs to be $45 too. This withdrawal fee is still pretty reasonable compared to other platforms. You can see the fee you’re being charged before performing the transaction. Here is a summary of their features:Number ofCurrencies17Funding MethodsXfers DirectMethodsof BuyingInstant BuyTradingWithdrawalof FundsBank AccountDeposit FeesNoneWithdrawal Fees$5 perwithdrawalTrading Fees0.2%Sending FeesDependson currencyMinimum Per TradeDependson currency(but quite low)Extra FeaturesZipmex EarnSecurityUses BitGo’stechnologyMAS RegulationIntendsto complyVerdictLow trading fees,but high SGDwithdrawal fees. Buy Bitcoin and trade Crypto Currencies in Singapore with these Exchanges: On this page you can find the best bitcoin and crypto exchanges for users in Singapore. This allows you to set both market or limit orders. It does have the advantage over both of these exchanges as AAX supports SGD, which Binance and Huobi do not. When you are converting your SGD to BTC or USDT, you’ll need to convert a minimum of $10. Gemini was founded in New York in 2014. Here is a summary of Coinhako’s features:Number of Currencies30Funding MethodsXfersFASTMethods of BuyingInstant BuyWithdrawal of FundsBank AccountDeposit Fees0.55% (Xfers),none for FASTWithdrawal Fees$2 perwithdrawalTrading Fees0.80% – 1%Sending FeesDynamicMinimum Per Trade$45SecurityCold storage+ hot walletMAS RegulationIntendsto complyVerdictGood for rarer altcoins,but fees are rather expensive. There are a few ways that you can transfer your SGD to the advertiser: However, you can’t determine the transfer method! You may want to be a bit cautious and not put all of your funds into Zipmex! You can deposit a minimum of $50. However, you’ll need to take note of the spreads. After that, you can trade them for many other altcoins on the Binance exchange. As such, this will make buying crypto much more accessible for you. BUT… only credit / debit card funding is accepted for Singapore users and the fees will shoot up to 3.99%! When you wish to withdraw your SGD back to your bank account, you’ll need to do a wire transfer too. As such, your assets should be rather safe with Crypto.com. MAS has been attempting to enforce strict regulations on cryptocurrency exchanges via the Payment Services Act. Liquid supports a lot of currencies on their platform. However, the fees that you’re charged are really high! However, you still can buy crypto with SGD using Binance’s P2P platform.
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