Singapore has emerged as a leading hub for cryptocurrency innovation in Asia. With its progressive regulatory environment and advanced financial infrastructure, crypto adoption is rising steadily among Singaporeans. Whether you’re a retail investor or an institutional trader, choosing the best crypto exchange in Singapore (2025) is critical for security, efficiency, and returns.
This article explores the top-performing crypto exchanges available in Singapore, comparing fees, features, security, and regulatory compliance to help you make an informed choice.
Why Choosing the Right Crypto Exchange in Singapore Matters
Selecting a reliable crypto platform is more than just finding low trading fees. Here’s what you should consider:
- MAS Regulatory Compliance
- Ease of SGD deposits & withdrawals
- Strong security & insurance coverage
- Mobile and desktop trading tools
- Variety of coins and trading pairs
- Fee transparency and customer service
Top 7 Best Crypto Exchanges in Singapore (2025)
1. Crypto.com – All-in-One Exchange with Local Presence
Key Features:
- MAS-registered entity
- Supports SGD deposits via PayNow & bank transfer
- Competitive trading fees: 0.075%
- Visa crypto card with cashback
- Over 250+ cryptocurrencies
Pros:
✅ Localized for Singaporeans
✅ Crypto card with rewards
✅ Mobile-friendly interface
Cons:
❌ Occasional app performance issues
❌ Staking APY has decreased recently
2. Coinbase Singapore – Trusted Global Platform with SGD Support
Key Features:
- Regulated in Singapore via DPT license
- Simple user interface
- SGD deposits through Xfers
- Strong reputation for security
Pros:
✅ Easy for beginners
✅ Insurance-backed custody
✅ Regulated & trustworthy
Cons:
❌ Higher trading fees (1.49%)
❌ Limited advanced trading tools
3. Binance – Best for Low Fees and Trading Volume
Key Features:
- Binance Singapore exited, but global platform is accessible via VPN
- Advanced spot, futures & margin trading
- Lowest fees (0.1% or less with BNB)
- Deep liquidity for altcoins
Pros:
✅ Top liquidity in the world
✅ Supports hundreds of crypto assets
✅ Industry-leading mobile app
Cons:
❌ Not directly regulated in SG
❌ Needs VPN access for some users
4. Gemini – MAS-Regulated & Strong on Security
Key Features:
- Licensed by the Monetary Authority of Singapore
- Gemini Earn & staking services
- Regulated institutional-grade custody
- High transparency & audit support
Pros:
✅ MAS licensed
✅ User funds held in trust
✅ Strong security protocols
Cons:
❌ Higher fee structure (up to 1.49%)
❌ Limited number of tokens compared to Binance
5. Independent Reserve – Best for Institutional Users
Key Features:
- Based in Australia, licensed by MAS in Singapore
- Offers OTC trading, SMSF support
- Deep liquidity on BTC, ETH, XRP
- Supports SGD, AUD, NZD, USD
Pros:
✅ High regulatory transparency
✅ Excellent for large trades
✅ Supports SGD deposits & withdrawals
Cons:
❌ Interface more suitable for professionals
❌ Limited coin listing
6. Coinhako – Made in Singapore, Built for Singapore
Key Features:
- One of the first local exchanges
- Accepts SGD via bank transfer, PayNow
- More than 80 coins supported
- MAS-regulated
Pros:
✅ Tailored to local users
✅ Fast fiat deposit/withdrawal
✅ Simple & reliable UI
Cons:
❌ Trading fees can be high (1%)
❌ No advanced charting tools
7. Luno – Best for Crypto Beginners in Singapore
Key Features:
- Licensed in Singapore
- Easy-to-use mobile app
- Supports recurring buys & savings wallet
- Fast local SGD payments
Pros:
✅ Ideal for new investors
✅ Quick SGD integration
✅ Educational content built-in
Cons:
❌ Limited selection of tokens
❌ No spot or margin trading
Comparison Table of Best Crypto Exchanges in Singapore (2025)
| Exchange | MAS Regulated | SGD Support | Trading Fees | Coins Supported | Best For |
|---|---|---|---|---|---|
| Crypto.com | ✅ | ✅ | 0.075% | 250+ | All-in-one users |
| Coinbase | ✅ | ✅ | 1.49% | 150+ | Beginners |
| Binance (Global) | ❌ | ❌ | 0.1% (or less) | 600+ | Pro traders |
| Gemini | ✅ | ✅ | 0.35% – 1.49% | 100+ | Security-focused users |
| Independent Reserve | ✅ | ✅ | 0.5% | 30+ | Institutional clients |
| Coinhako | ✅ | ✅ | 1.0% | 80+ | Local retail investors |
| Luno | ✅ | ✅ | 0.75% – 1.0% | 10+ | Beginners |
Regulatory Landscape for Crypto in Singapore (2025)
Singapore’s crypto regulations are among the most mature in Asia. The Payment Services Act (PSA) governs digital payment token (DPT) providers, requiring them to be licensed and comply with AML/CFT standards.
In 2025:
- MAS continues issuing full licenses only to compliant exchanges.
- Advertising rules are strict – promotions are allowed only on official websites and apps.
- Stablecoins and tokenized assets are being evaluated for integration into Singapore’s digital economy.
How to Choose the Right Crypto Exchange in Singapore
Here are 5 key points to guide your decision:
- Security & Regulation: Always go with MAS-licensed platforms.
- SGD Support: Look for fast and low-fee deposit/withdrawal options.
- User Interface: Beginners may prefer Coinbase, Luno, or Coinhako.
- Fees & Spreads: Binance and Crypto.com offer the most competitive fees.
- Asset Variety: Advanced users may prefer Binance, Gemini, or Crypto.com.
Conclusion
Singapore continues to lead crypto adoption in Southeast Asia with its regulated, innovation-friendly ecosystem. In 2025, choosing a secure, MAS-regulated exchange is vital whether you’re just starting out or managing a serious crypto portfolio.
Each platform listed above brings something unique to the table. For low fees and high liquidity, Binance and Crypto.com dominate. If you’re new to crypto, start with Coinbase, Coinhako, or Luno. For institutional-grade features, consider Gemini or Independent Reserve.
FAQs
1. Which is the best crypto exchange in Singapore for beginners?
Answer: Coinbase, Luno, and Coinhako are best suited for beginners due to their ease of use and local SGD support.
2. Is Binance legal to use in Singapore in 2025?
Answer: Binance’s global platform is not licensed by MAS, but users still access it via VPN. For a regulated alternative, consider Gemini or Crypto.com.
3. Are crypto profits taxable in Singapore?
Answer: As of 2025, Singapore does not tax individual capital gains on crypto. However, trading as a business may have tax implications.
4. Which exchange has the lowest trading fees in Singapore?
Answer: Binance and Crypto.com offer the lowest trading fees, with rates starting from 0.1% or less.
5. Is it safe to store crypto on Singapore exchanges?
Answer: Yes, especially on MAS-regulated exchanges like Gemini, Coinhako, and Crypto.com. Still, it’s safer to use a hardware wallet for long-term storage.
