As of 2025, Singapore boasts a robust and well-regulated cryptocurrency ecosystem, with several exchanges operating under the oversight of the Monetary Authority of Singapore (MAS). Below is a curated list of the top MAS-regulated crypto exchanges in Singapore, highlighting their key features to help you make an informed choice:
🇸🇬 Top MAS-Regulated Crypto Exchanges in Singapore (2025)
1. OKX – Best for Advanced Traders
- Regulatory Status: Received in-principle approval from MAS to offer digital payment token services and cross-border money transfers.
- Key Features:
- Supports over 400 cryptocurrencies.
- Offers spot and derivative trading.
- Integrated with PayNow and FAST for SGD transactions.
- Advanced trading tools, including intelligent trading bots and a Web3 wallet.
- High-security measures with cold wallet storage and multi-person authorization for withdrawals.
- Ideal For: Experienced traders seeking a comprehensive trading platform with advanced features.
2. Coinbase – Best for Beginners
- Regulatory Status: Holds a Major Payment Institution (MPI) license from MAS.
- Key Features:
- User-friendly interface suitable for beginners.
- Supports over 200 cryptocurrencies.
- Offers staking for accredited investors.
- Seamless SGD transactions via FAST and SWIFT.
- Educational resources through Coinbase Earn.
- Ideal For: Newcomers to cryptocurrency seeking a straightforward and secure platform.
3. Crypto.com – Best for Ecosystem Integration
- Regulatory Status: Operates under regulatory oversight in Singapore.
- Key Features:
- Offers a comprehensive crypto ecosystem, including an exchange, DeFi wallet, NFT marketplace, and Visa card.
- Supports over 350 cryptocurrencies.
- Competitive trading fees starting from 0.075%.
- SGD support through bank transfers and credit/debit cards.
- Staking and lending services with attractive yields.
- Ideal For: Users looking for an all-in-one platform with extensive features beyond trading.
4. Upbit Singapore – Best for Spot Trading
- Regulatory Status: Holds a Major Payment Institution (MPI) license from MAS.
- Key Features:
- Supports over 150 cryptocurrencies and 300+ trading pairs.
- Beginner-friendly interface with strong security credentials.
- Offers staking rewards and an NFT marketplace.
- SGD transactions via PayNow and FAST.
- Ideal For: Users interested in spot trading with a secure and user-friendly platform.
5. Coinhako – Best for Local Integration
- Regulatory Status: Licensed under the Payment Services Act by MAS.
- Key Features:
- Supports over 100 cryptocurrencies.
- Offers features like recurring buys and price alerts.
- SGD transactions via PayNow, FAST, and card payments.
- Reward program for users through daily logins and trades.
- Ideal For: Singaporean users seeking a locally integrated and user-friendly platform.
6. Gemini – Best for Security
- Regulatory Status: Regulated by MAS.
- Key Features:
- Supports over 90 cryptocurrencies.
- High-security standards with SOC 1 Type 2 and SOC 2 Type 2 certifications.
- Offers features like Gemini Earn, Gemini Pay, and Gemini Wallet.
- SGD transactions via FAST, ACH, wire transfer, debit card, and other methods.
- Ideal For: Users prioritizing security and regulatory compliance.
7. Independent Reserve – Best for High-Volume Traders
- Regulatory Status: Approved by MAS to offer digital payment token services.
- Key Features:
- Supports over 25 cryptocurrencies.
- Offers insurance on cryptocurrency assets.
- SGD transactions via PayNow, FAST, or SWIFT bank transfer.
- Low trading fees starting at 0.5%.
- Ideal For: High-volume traders seeking a secure and regulated platform with insurance coverage.
📊 Comparison Table
| Exchange | Cryptocurrencies Supported | Trading Fees | SGD Support | Ideal For |
|---|---|---|---|---|
| OKX | 400+ | 0.1% | Yes | Advanced traders |
| Coinbase | 200+ | Up to 1.2% | Yes | Beginners |
| Crypto.com | 350+ | From 0.075% | Yes | Ecosystem integration |
| Upbit Singapore | 150+ | 0.2% – 0.25% | Yes | Spot trading |
| Coinhako | 100+ | 0.6% | Yes | Local integration |
| Gemini | 90+ | 0.25% (maker), 0.35% (taker) | Yes | Security-focused users |
| Independent Reserve | 25+ | 0.5% | Yes | High-volume traders |
🧾 Cryptocurrency Taxation in Singapore
In Singapore, individual investors are not subject to capital gains tax on cryptocurrency profits. However, businesses engaging in crypto trading or accepting crypto as payment may be subject to income tax. It’s advisable to consult with a tax professional to understand your specific obligations.
❓ Frequently Asked Questions
Is cryptocurrency legal in Singapore?
Yes, cryptocurrency is legal in Singapore. The Monetary Authority of Singapore (MAS) regulates crypto exchanges under the Payment Services Act to ensure consumer protection and financial stability.
Can I use these exchanges as a Singapore resident?
Yes, all the exchanges listed above are accessible to Singapore residents and operate under MAS regulation, ensuring compliance with local laws and regulations.
Which exchange is best for beginners?
Coinbase and Coinhako are recommended for beginners due to their user-friendly interfaces and straightforward onboarding processes.
Are there any local cryptocurrency exchanges in Singapore?
Yes, Coinhako is a home-grown Singaporean exchange that offers services tailored to local users, including SGD support and local payment methods.
Do these exchanges support SGD deposits?
Yes, most of these exchanges support SGD deposits through various methods such as PayNow, FAST bank transfers, and credit/debit cards.
By selecting an exchange that aligns with your trading needs and experience level, you can confidently engage in cryptocurrency trading within Singapore’s secure and regulated environment.