Best crypto exchanges

Compare crypto exchange fees, tradable assets, and bonuses for signing up.

By   |   Verified by David Boyd   |   Updated 8 Feb 2024

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Comparing crypto exchanges

Bitget

On website

Bitget

Highlights

  • Earn up to 5,005 USDT when you sign-up, deposit funds in your account, and start trading. Terms and Conditions apply.
  • Trade over 150 coins and tokens.
  • Main feature includes one-click copy trading.
  • Provides 1-on-1 support for VIP customers and 24/7 multilingual online support.

Pros

  • The generous sign-up bonus when you meet the criteria.
  • Low trading fees.
  • You can sign-up for a demo account.
  • Get help from their customer support 24/7.

Cons

  • Has a limited number of educational tools and references.
Coinbase

On website

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Coinbase

Highlights

  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Coinmama

On website

Coinmama

Highlights

  • Buy Bitcoin and Ethereum with a credit card, debit card, Apple Pay, or bank transfer.
  • Place your order and get your coins instantly.
  • Fast-track verification with excellent customer service.

Pros

  • Start with as little as $50.
  • Accepts multiple types of payment options.
  • High spending limits.

Cons

  • Fees are higher compared to other providers.
  • Limited cryptocurrency selection.
Changelly

On website

Changelly

Highlights

  • 160+ cryptocurrencies to exchange.
  • Multi-currency wallet to store a variety of coins.
  • Access a gallery of tools to enable new functionalities for your business and foster monetization.

Pros

  • Offers one of the lowest prices in the market.
  • Average transaction speed of 25-40 minutes.
  • Integrates with many popular wallets
  • 24/7 customer support.

Cons

  • No trading option.
  • Limited payment options.
CoinSpot

On website

CoinSpot

Highlights

  • Buy Bitcoin, Ethereum, XRP and over 360 other digital currencies.
  • Refer a friend and earn $10 BTC.
  • Get 24/7 helpdesk support.

Pros

  • Trade for only 0.1%.
  • Access CoinSpot NFT Marketplace.
  • Credit card deposits are accepted.

Cons

  • Margin trading is not available.
Kraken

On website

Kraken

Highlights

  • Get started with as little as $10.
  • Sign up today and buy 50+ cryptocurrencies in minutes.
  • Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your crypto in one convenient place.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
OKX

On website

OKX

Highlights

  • Convert over 30 local currencies into BTC, ETH, USDT or other cryptocurrencies in minutes using your credit card or other payment methods.
  • With available tools for beginners, advanced traders and institutions.
  • Earn high yield, access new tokens early, join OKX's mining pool or use your crypto assets for taking out a low interest loan.

Pros

  • Low trading fees.
  • Get access to hundreds of trading pairs.
  • Provides useful educational resources such as tutorials, trading ideas, and analysis.

Cons

  • There are some limitations to withdrawals.
YouHodler

On website

YouHodler

Highlights

  • Exchange cryptocurrencies, fiat, and stablecoins.
  • Buy crypto with credit card, (Visa, Mastercard) and your SEPA bank account.
  • Open a crypto savings account or apply for a crypto loan.

Pros

  • Offers good interest rates for stablecoins.
  • Features that include crypto loans, turbocharge and multi HODL.
  • You can withdraw funds anytime.

Cons

  • Relatively new compared to other exchanges.
PrimeXBT

On website

PrimeXBT

Highlights

  • Margin trade Bitcoin, S&P 500, Gold, EUR/USD and 100+ assets.
  • Copy leading trades on the platform and get same returns.
  • Buy Bitcoin, Ether and other major digital currencies using bank transfer or VISA/Mastercard.

Pros

  • Offers margin trading.
  • Low trading fees.
  • Earn up to 14% APY on the most popular crypto assets.

Cons

  • Spot trading is not available.
Gemini Exchange

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.

Pros

  • Suitable for both beginner and advanced traders.
  • Supports multiple fiats and cryptocurrencies.
  • You can earn interest on your cryptocurrency balances.
  • Its mobile apps are highly rated.

Cons

  • The fee structure can be expensive for both small trades and higher volume trades.
Luno

Luno

Highlights

  • Access major cryptocurrencies like Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin.
  • Pay lower fees based on your gross trading volume.
  • Luno stores 95% of crypto in “deep freeze” – multi-signature wallets protected by many layers of encryption.

Pros

  • Easy signup process and quick verification.
  • Low trading fee.
  • Start with as little as $10.
  • Set up Luno savings and earn up to 2% p.a.

Cons

  • Few cryptocurrencies to offer.
  • Low liquidity compared to other established exchanges.
Coinhako

Coinhako

Highlights

  • Buy, sell, and swap cryptocurrencies with a flat trading fee of 0.6%.
  • Fund your account via Bank transfer, Credit/debit cards, and Grab Pay.
  • Earn points and get rewards every time you log in and trade.

Pros

  • User-friendly exchange.
  • Supports SGD and USD.
  • High-security standard.
  • Earn rewards plus a referral program.

Cons

  • Limited number of coins.
Crypto.com

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.

Pros

  • Get access to additional features including lending, borrowing, debit cards, and more.
  • Start trading with just $1.
  • Interest-earning deposits are available.
  • There is a $2,000 referral bonus.

Cons

  • Lack of educational resources.
Bitstamp

Bitstamp

Highlights

  • Enjoy easy, fast and reliable crypto trading.
  • Use your credit or debit card to make a deposit and take advantage of low trading fees.
  • Offers advanced trading tools and 24/7 dedicated support.

Pros

  • User-friendly crypto exchange with low fees.
  • Bank-grade security & insurance.
  • Earn rewards.

Cons

  • Other exchanges offer more coin options.

What is a Singapore crypto exchange?

A Singapore crypto exchange is the platform where traders and investors can buy, sell, and trade a variety of cryptocurrencies. An exchange facilitates trading between buyers and sellers for a fee, which is their primary source of revenue.

Crypto exchanges in Singapore are obliged to comply with regulations established by the Monetary Authority of Singapore (MAS).

Characteristics of the best crypto exchanges in Singapore

  • Compliance with MAS regulations. We only list exchanges that are licensed or regulated by the Monetary Authority of Singapore (MAS).
  • Low fees. Not only should a good crypto exchange have competitive fees, but any fees should be transparent and easy to understand for traders of all levels.
  • Choice. Not everyone wants to buy and sell Bitcoin alone. The best crypto exchanges list the top coins but also stablecoins such as USDT and USDC as well as upcoming altcoins like Dogecoin, XRP, Cardano, Solana, and Polygon, among others.
  • Security built in. We are looking for robust security measures including cold storage and 2FA as standard. Some exchanges have depositors' insurance, which protects your assets in the event the exchange faces issues with liquidity or gets breached. Ideally, an exchange should have the option to store your crypto tokens on your own hardware wallet instead of the exchange's "hot" wallet.
  • Proof of Reserves (PoR). A means of verifying that an exchange holds enough assets to cover their users' deposits.
  • Customer support. Prompt and effective resolution of user queries and issues is a given.
  • Convenient deposit and withdrawal options. Availability of multiple methods for SGD deposits and withdrawals, ideally with low fees for both.
  • Excellent user experience. Suffice to say that some crypto exchanges are not designed well. We list those with an intuitive interface that caters to both novice and experienced traders.
  • Social or copy trading. Popular with beginners, this is a way to trade crypto automatically by following the trades of someone else.
  • Available as a native app. Crypto exchanges are generally available as an app for iOS and Android, although some are implemented better than others.
  • Transaction speed. Crypto moves fast. Exchanges should process orders, deposits, withdrawals, and trades efficiently to avoid slippage.
  • Tax friendly. If the exchange itself doesn't produce tax reports for IRAS, then it should preferably integrate with a dedicated crypto tax service or generate statements that can be imported into one.

Types of crypto exchanges in Singapore

There are three main types of exchange available.

  • Centralised exchanges (CEXs). Known for their liquidity and a extensive listing of cryptocurrencies, but often criticised for being vulnerable to security breaches because as the saying goes, not your keys, not your crypto. Binance and Coinbase are prominent examples. Typically more beginner-friendly.
  • Decentralised exchanges (DEXs). Non-custodial platforms that facilitate direct, peer-to-peer transactions over the blockchain. Regarded as a more secure option, with the trade-off being that they can be less user-friendly. Uniswap and PancakeSwap are two of the biggest. Considered less beginner-friendly.
  • Hybrid exchanges. Combines the best of both centralised and decentralised platforms, offering both security and a wide range of services. KuCoin and Crypto.com are examples of exchanges with hybrid features. Generally less beginner-friendly.

FAQ

Is Singapore a crypto-friendly country?

Yes, Singapore is considered a crypto-friendly jurisdiction in comparison with many other countries.

How can I cash out my cryptocurrency in Singapore?

To cash out cryptocurrency in Singapore, you can use a crypto exchange that offers fiat withdrawal options. Simply sell your cryptocurrency for SGD and then withdraw the funds to your bank account.

Yes, it is legal to trade cryptocurrency in Singapore thanks in part to the country's forward-thinking regulatory approach.

Can foreigners buy cryptocurrency in Singapore?

Yes, both foreigners and residents can buy cryptocurrency in Singapore.

What deposit methods are generally supported?

Bank transfers and credit/debit cards are the most widely accepted methods of depositing funds into an account on a crypto exchange in Singapore.

What are the typical fees involved?

Fees can vary widely between exchanges but generally include trading fees, deposit fees, and withdrawal fees.