Singapore’s crypto market has seen consistent growth in recent years, thanks to the government’s relatively friendly regulatory approach. Adoption remains strong, and both emerging startups and major players continue to set up shops in the city-state. As a result, now you have access to a wide range of trading platforms, each with different features, fee models, and security standards. However, with so many platforms around, the real challenge lies in choosing one from the crowd. This guide helps you tackle the problem of plenty and spot the best crypto trading platforms in Singapore in 2025.
KEY TAKEAWAYS ➤ Singapore’s crypto market is growing fast, backed by regulatory clarity and strong local user adoption. ➤ Fees, regulatory compliance, SGD support, and security are among the key aspects to consider when choosing a trading platform in Singapore. ➤ Coinhako and Coinbase offer simple interfaces, which make them ideal choices for those new to crypto and/or trading. ➤ Advanced users may prefer OKX or Kraken Pro, thanks to low fees, trading tools, and high liquidity.
Crypto.com offers more than 350 digital assets and a wide range of services.
You can trade via its exchange (website), mobile app, or DeFi wallet, and explore NFTs, staking, and margin trading. The Crypto.com Visa card provides cashback in the platform’s native CRO token alongside features like Supercharger and recurring buys support passive strategies.
The platform also allows zero-fee USD deposits via SWIFT and recently partnered with Deutsche Bank to improve fiat integration.
While the app is user-friendly and security standards are high, the fee structure varies across the platform. For instance, fees on the exchange are competitive at around 0.4%, but app transactions can cost up to 3.5%.
Coinhako is one of Singapore’s most beginner-friendly crypto platforms. It focuses on making buying digital assets simple. The platform supports direct SGD deposits and offers spot trading, recurring buys, and an easy-to-use crypto wallet.
You can buy, sell, swap, and store over 40 cryptocurrencies, with access to more than 100 trading pairs.
The platform is licensed by the Monetary Authority of Singapore (MAS), and it meets ISO 27001 and SOC 2 security standards. Coinhako assures that it uses cold storage for most user assets as an added safety layer.
The interface is clean, intuitive, and ideal for first-time investors. Fees start at 0.6% for spot trades and drop to 0.5% for recurring buys, though some users report discrepancies and platform fees of up to 1%.
Overall, Coinhako has earned a positive reputation in Singapore but has occasionally faced server issues and complaints about inconsistent fee transparency during peak hours.
Coinbase is a globally trusted crypto platform that combines ease of use with strong security and regulatory compliance. It supports the Singapore Dollar and offers free local bank transfers, with Singpass integration streamlining onboarding.
Coinbase lists over 200 cryptocurrencies, staking options, and access to both a basic platform and Coinbase Pro for advanced trading. There is also a stand-alone self-custody storage solution in the Coinbase Wallet if you want full control over your assets.
As a publicly listed company, it holds user funds 1:1 and adheres to top-tier compliance standards. However, its fee structure is complex and often higher than competitors. For instance, if your spot trading volume is under $1,000 per month, you will be charged a maker fee of 0.60% and a taker fee of up to 1.20%. The fees usually reduce as you make it to higher tiers with larger trading volumes.
The mobile app also carries varied fees for SGD transactions. Some users have reported issues with fund holds, NFT feature limitations, and customer support response times.
Kraken is a globally trusted crypto exchange with advanced trading features and strong security. It supports a wide range of cryptocurrencies and includes margin and futures trading for eligible users.
While Kraken does not support SGD, Singapore residents can use USD and other fiat currencies. Kraken Pro features a competitive maker-taker fee structure, with fees as low as 0% for makers and 0.10% for takers.
Instant buy and recurring purchases, however, come with higher fees — 1.5% for crypto and 0.9% for stablecoins.
Kraken has a relatively decent security record — it conducts regular proof-of-reserve audits and holds ISO 27001 and SOC 2 certifications. The platform is user-friendly for beginners (thanks to Kraken Lite) and offers advanced tools on Kraken Pro.
Some Singapore-based users have raised concerns over high instant buy fees, bank transfer issues, and limited SGD support.
OKX has ramped up its presence in Singapore after securing a Major Payment Institution (MPI) License from MAS. The platform offers spot, margin, futures, options, DeFi access, and institutional OTC trading.
Singapore-based users benefit from SGD trading pairs, zero trading fees for buy/sell/convert, and free SGD deposits/withdrawals via FAST and PayNow. The platform also supports Singpass Myinfo for quick account verification.
OKX lists over 200 cryptocurrencies globally, with 80+ available locally. Trading fees are competitive — starting at 0.08% for makers and 0.10% for takers, with reductions based on trading volume and OKB holdings.
The UI is advanced yet accessible, and features like trading bots and pre-market futures are convenient for active traders.
Broadly speaking, security is on the stronger side, though a 2024 security incident has raised concerns. Older complaints about delays and unclear fees exist, but recent local improvements and licensing suggest a focus on trust and compliance.
Feature | Crypto.com | Coinhako | Coinbase | Kraken | OKX |
MAS compliance | In-principle approval | Licensed | In-principle approval | No longer exempt | Licensed |
SGD support | Yes | Yes | Yes | No | Yes |
Trading fees (lowest) | 0.4% (exchange), 3.5% (App) | 0.5% – 0.6% | 0.5% (Pro), Higher on Basic | 0.10% – 0.25% (Pro), Higher on Instant Buy | 0.08% – 0.10% |
Security | Strong, past breach (reimbursed) | Strong, ISO and SOC 2 certified | Very strong, publicly traded | Very strong, no major breaches | Strong, past breach |
Cryptocurrencies | 350+ | 40+ / 100+ Pairs | 200+ | 300+ | 80+ (Singapore) / 300+ (Global) |
User interface | Feature-rich, app and exchange | Beginner-friendly, simple | User-friendly, basic and advanced versions | Both beginner-friendly and advanced (Lite and Pro) | Feature-rich, user-friendly available |
Customer support (SG) | Mixed reviews – largely positive | Good reputation | Mixed reviews – largely positive | Mixed reviews – largely positive | Mixed reviews – largely positive |
Unique advantages (SG) | Wide features, CRO card, Deutsche Bank tie-up | Focus on SG, MAS licensed, rewards program | Free SGD bank transfers, Singpass integration | Long history, high security reputation | MAS Licensed, zero-fee SGD trading and transfers |
The above table sets out the key differences between the top crypto exchanges in Singapore. Overall, you have a solid set of platforms to choose from; the list comprises exchanges with good security measures, a ranging of trading fee structures, and feature rich yet beginner-friendly UI’s. As the chart below demonstrates, Singapore punches above its weight in terms of crypto adoption relative to its size.
The optimal cryptocurrency trading platform for you will depend largely on your individual trading needs, experience level, and priorities. Here is a checklist of key aspects to consider.
If you are new to crypto trading, platforms with user-friendly interfaces and solid educational resources are ideal.
Coinhako and Coinbase both excel in this area. Coinhako’s explicit focus on the Singapore market and its MAS license provides an added layer of comfort for local beginners. Coinbase also offers a simple interface and valuable learning materials, along with free SGD bank transfers and Singpass integration, which can be particularly beneficial if you are a new user.
The direct SGD support offered by both platforms simplifies the initial setup and trading process.
If you are an experienced trader, odds are you are more inclined toward platforms with advanced trading features, lower fees, and a wider selection of supported assets.
Kraken Pro, OKX, and Crypto.com are well-suited for this profile.
Kraken Pro boasts a competitive fee structure and a range of advanced trading tools. Similarly, OKX offers a comprehensive suite of trading instruments, including futures and options, along with low fees and now zero-fee SGD trading for Singaporean users.
Crypto.com, meanwhile, also provides advanced trading options and a large variety of cryptocurrencies.
If security tops your checklist, Coinbase, Kraken, Coinhako, and OKX all score well here.
Coinbase’s transparency as a publicly traded company, Kraken’s advanced measures, Coinhako’s MAS licensing and security certifications, and OKX’s MAS license all contribute to their appeal to security-conscious users.
If you trade in large volumes, you’ll want a platform with a tiered fee structure that rewards higher activity and possibly offers over-the-counter (OTC) services. Kraken Pro, OKX, and Crypto.com Exchange all lower fees as your trading volume increases.
These platforms may also offer OTC desks for larger transactions, which gives you more personalized service and potentially better pricing.
If keeping costs low is your priority, OKX is one of the most cost-effective options with zero trading fees for SGD pairs and free SGD deposits and withdrawals. Kraken Pro also keeps fees competitive through a maker-taker model. Coinbase supports free SGD bank transfers, but its trading fees are often higher than what other platforms charge.
Singapore Leads Crypto Adoption in 2024Singapore's regulatory edge puts it at the top of the Henley Crypto Adoption Index 2024, setting the standard with its solid fintech ecosystem and public embrace of digital assets.Hong Kong and UAE aren’t far behind, ranking 2nd and 3rd,… pic.twitter.com/hAKX6SLUKk
— IBC Group Official (@ibcgroupio) September 1, 2024
In the end, the best platform for you comes down to your needs and preferences. The ideal way to go about this is to try out the shortlisted platform with small amounts, read user reviews, and take time to understand the fee structures before fully committing. Always make sure to double-check deposit and withdrawal terms. Always avoid investing more than you’re prepared to lose — especially if you are still getting familiar with how crypto platforms work.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in and trading crypto carries risk. Always do your own research (DYOR).
Yes, cryptocurrency trading is legal in Singapore. However, platforms are required to comply with the Payment Services Act and register with the Monetary Authority of Singapore (MAS). Many licensed exchanges operate in the country and offer services to both retail and institutional users.
Singapore does not impose capital gains tax, so profits from crypto trading are generally not taxed. However, if you’re trading as a business or providing crypto-related services, income tax may apply. The safest way to go about it is to consult a tax advisor for specific situations at any given time.
Yes, several platforms like Coinhako, OKX, Coinbase, and Crypto.com support SGD deposits and trading pairs. You can fund your account using FAST, PayNow, or local bank transfers. That said, make sure that you check deposit fees and supported currencies before starting.
OKX offers zero trading fees for SGD pairs and free local transfers, which makes it highly cost-effective. Kraken Pro also offers low maker-taker fees for spot trading. Coinbase and Coinhako are easier to use but typically come with (relatively) high fees.
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