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Looking for the best crypto exchange Singaporeans can use? Look no further! Since Singapore has emerged as a popular destination for cryptocurrency trading, there are numerous exchanges available for investors to choose from.

To make things easier, though, I've narrowed down the top crypto exchanges in Singapore, such as Kraken or Coinbase, among others. The selected exchanges provide a huge variety of digital assets and features, competitive fees, and high liquidity, as well as prioritize user security and regulatory compliance.

Speaking of regulatory compliance, before looking into each crypto exchange in more detail, I'll also go over the crypto regulations in Singapore and the main points that make an exchange worth being considered one of the best crypto exchanges in Singapore.

Though, if you want to go straight to the point, here's the list of the platforms that will be discussed in this article:

I'm sure that once you go over this list, you'll find the perfect crypto exchange for you. So, without further ado, let's get started!

What Are Singapore Crypto Regulations?

To understand what it takes for an exchange to be named one of the best crypto exchanges Singaporeans can use, it is important to first review the local laws governing cryptocurrencies.

Overall, Singapore is a popular destination for cryptocurrency traders due to its crypto-friendly regulations and progressive outlook on digital assets.

The country has taken steps to encourage the growth of the industry, such as introducing a regulatory sandbox for fintech companies and exempting certain cryptocurrencies from the Goods and Services Tax.

As a result, many top cryptocurrency exchanges have established a presence in Singapore, making it a hub for crypto trading in Southeast Asia.

Crypto exchange services in Singapore are not only legal but also regulated by the Monetary Authority of Singapore (MAS)[1]. MAS is the central bank and financial regulator in Singapore, and it sets the guidelines for cryptocurrency exchanges to operate in a compliant and safe manner.

To comply with MAS guidelines, crypto exchanges in Singapore must employ Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These measures ensure that all investors are properly identified and verified, and that their transactions are monitored to prevent illicit activities[2].

Best crypto exchange Singapore: Singapore's flag and crypto coins.

This crypto exchange regulation in Singapore makes the country an attractive destination for crypto investors looking for a secure and regulated environment to buy and trade digital assets.

MAS also requires every platform to provide a risk warning to its customers. Do note, though, that instead of crypto exchanges, Singaporeans refer to these platforms as digital payment token (DPT) service providers.

Comparing other crypto exchange environments to Singapore's, you'll surely notice some differences. One of those is that cryptocurrencies are classified as property and can be legally purchased from crypto exchanges, ATMs, and even some institutions in Singapore.

Besides, keep in mind that cryptocurrency trading is subject to taxes in Singapore. Gains made that way, due to the Singapore crypto regulation, are considered taxable income and must be reported on tax returns.

1. Kraken - Great for Both Beginners and Professionals

Ranks #1 out of 6 Crypto Exchanges

Fees: In spot trading, maker fees start at 0.25%, while taker fees start at 0.4%.

Minimum Deposit or Purchase: $10.

Kraken is among the best crypto exchanges in Singapore, offering rigorous security measures, low fees, and multiple features that make it stand out. With over 200 cryptocurrencies available, traders can build their crypto portfolios with ease.

Speaking of features, with the exception of futures trading and opt-in staking, all other features on Kraken are available in Singapore. For example, the platform allows Singaporean traders to participate in on-chain staking. The annual stake interest goes up to 28%, making it a lucrative option for those who want to earn passive income.

Moreover, Kraken even allows experienced Singaporean traders to explore margin trading with up to 5x leverage. Margin trading increases your exposure to market volatility, which makes your trading techniques even more flexible. In total, Kraken provides more than 100 markets with margin-enabled buying and selling options.

Best crypto exchange Singapore: Kraken.

When it comes to security, the platform has been working hard to establish itself as a leader in providing secure trading services. In fact, it is one of the safest crypto exchanges Singaporeans can use, as it abides promptly by all Singapore crypto regulations.

With 2FA, cold storage, API controls, surveillance, and SSL encryption, as of May 2024, the exchange has never experienced a large-scale hack since it was established in 2011. On top of that, Kraken's commitment to transparency is evident from the get-go. The website is packed with information about its security measures, products, and fees.

In terms of fees, the platform's rates are reasonable, and it's good to know that there are no deposit fees regarding USD. However, withdrawal fees may vary depending on the cryptocurrency in question.

As for trading fees, spot trading follows the maker-taker fee structure. Maker fees go from 0.25% to as low as 0%, while taker fees go from 0.4% to 0.1% (they change based on your 30-day trade volume). Margin trading fees, on the other hand, go from 0.01% to 0.02% for opening a position, plus you have to pay a 0.02% rollover fee every 4 hours.

Best crypto exchange Singapore: Kraken Pro.

Now, Kraken does have one drawback when it comes to Singapore-based users. As of writing, it does not support SGD. However, it does support other fiat currencies (like USD), which you can use to purchase crypto, no matter where you reside.

Besides, it's worth noting that Kraken has two mobile applications that are available on iOS and Android devices. One is the basic version of Kraken, while the other is the advanced one - Kraken Pro (both these versions are available on the web-based platform as well).

In conclusion, Kraken is among the best exchanges for crypto in Singapore, thanks to its excellent security measures, diverse range of cryptocurrencies, reasonable fees, and advanced trading features. It's no wonder Kraken has been around for so long and continues to be a popular choice for traders all over the world.

Visit Kraken
...or read our Kraken review

2. Coinbase - Enhanced Security for Your Crypto Assets

Ranks #2 out of 6 Crypto Exchanges

Fees: In spot trading, maker fees start at 0.4%, while taker fees start at 0.6%.

Minimum Deposit or Purchase: Vary depending on the asset in question.

If you are looking for a reliable and user-friendly platform, Coinbase is one of the best Singaporean crypto exchanges. This crypto exchange puts a strong emphasis on security, education, and accessibility.

Even though it is a US-based crypto exchange, Coinbase has opened various country-based entities, one of which is Coinbase Singapore. The Monetary Authority of Singapore has granted it in-principle approval to function as a major payment institution offering digital payment services in Singapore.

Security is a top priority when it comes to crypto exchanges, and Coinbase doesn't disappoint in this regard. The platform uses two-factor authentication to keep your account safe, and the majority of users' crypto assets are stored offline to protect against potential hacks or breaches. Plus, Coinbase has an insurance policy in place to safeguard your funds.

When it comes to SGD support, Coinbase not only allows users to purchase crypto using SGD with a credit / debit card but also allows them to deposit (and withdraw) it into (and from) their accounts using bank transfers.

Best crypto exchange Singapore: Coinbase.

Speaking of features, apart from simply trading crypto, the platform offers the Coinbase Earn program, which allows you to earn through staking and yield farming. Besides, there's also the Learn and Earn program, which offers the possibility of earning while learning about the crypto world.

Also, if you're into NFTs, then you gotta check out Coinbase NFT. It's a huge community where you can find, create, and buy NFTs.

Now, speaking of supported cryptocurrencies, Coinbase allows users to access over 240 crypto assets, including popular ones like Bitcoin, Ethereum, and Cardano.

Lastly, note that Coinbase fees are calculated at the time of order placement and are determined by several factors, including payment method, order size, and market conditions. However, its fees are known to be on the more expensive side of the barricade.

All in all, Coinbase is a user-friendly and secure crypto exchange that is a great option for traders in Singapore (and many other countries), no matter if you're a seasoned trader or a newbie.

Visit Coinbase
...or read our Coinbase review

3. Coinmama – Buy and Sell Crypto With Ease

Ranks #3 out of 6 Crypto Exchanges

Fees: When buying crypto, fees depend on the payment method and range from 1.5% to 4.19%.

Minimum Deposit or Purchase: From $5 to $20, depending on the payment method.

Launched in 2013, Coinmama has managed to establish itself as a trusted platform, catering to over 2,300,000 people across 180 countries, including Singapore. Coinmama offers a reliable platform for purchasing a variety of digital currencies using fiat money, including SGD, which makes it one of the best crypto exchanges in Singapore.

Among the pioneers of the cryptocurrency market, Coinmama was one of the first exchanges to offer Bitcoin purchases through credit and debit cards.

The platform continues to offer many alternatives for purchasing crypto, including Faster Payments, Fedwire, Sofort, SEPA, SWIFT, and Apple Pay. It is suitable for both beginners and advanced traders, and it provides high spending limits and immediate delivery of cryptos to user wallets upon payment.

Compared to other crypto exchanges in Singapore, one of its standout features is the Loyalty Program (also known as Affiliate Program). It gives a significant advantage for users of the platform, with rebates of up to 25% on all fees.

However, it is important to note that Coinmama does charge considerably high fees. It charges service and network fees, as well as payment processing fees, which depend on the payment method and range from 1.5% to 4.19%. A fee for credit and debit card purchases, for example, ranges around 3.24-3.34%.

Best crypto exchange Singapore: Coinmama.

Security-wise, Coinmama is committed to ensuring fund safety and employs two-factor authentication (2FA). Additionally, Coinmama does comply with Singapore's crypto exchange regulations.

If they face any issues, users can access customer support through email, phone, chat, and social media, with support available in several languages. However, there’s no support for Malay, Tamil, or Singaporean Mandarin, which can be a bummer for some customers.

However, there is one important thing to note - Coinmama doesn’t offer any advanced trading tools for Bitcoin and other cryptos. Thus, you can only buy, sell, and swap crypto on this exchange. It does plan to introduce trading and earning features, as well as a crypto wallet in the near future, though.

Besides that, the amount of supported cryptocurrencies might be relatively small (although they plan to expand this in the future, too). However, the most popular cryptocurrencies are available, including Bitcoin, ADA, EOS, Ethereum, Tezos, and so on.

All in all, Coinmama offers a reliable and secure platform for new investors looking for an easy-to-use crypto exchange available in Singapore for buying crypto using fiat.

Visit Coinmama
...or read our Coinmama review

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. Changelly - Multiple Features to Choose From

Ranks #4 out of 6 Crypto Exchanges

Fees: The fee for buying crypto starts at 4% but might go up depending on several factors.

Minimum Deposit or Purchase: Ranges from $5 to $50, depending on the payment provider.

Changelly is a non-custodial exchange that allows users to trade in several digital currencies, a feature much searched if you’re after the best crypto exchange in Singapore. The website advertises an easy-to-use service with competitive transaction fees.

Founded in 2015, Changelly has over 2 million active customers and offers a one-stop-shop experience for purchasing, selling, swapping, and trading cryptocurrencies. Besides, the site is also available as a widget through its API.

One of the most popular features of the platforms is Changelly Earn. With it, users can access a wide range of tools to enable new functionalities for their business and promote monetization. Besides, it's worth noting that Changelly shares up to 50% of revenue from crypto-to-crypto and fiat-to-crypto transactions.

Now, it also offers a platform for advanced users called Changelly PRO. It provides them with access to a full-featured exchange platform with a multi-currency wallet for storing coins, more than 50 markets with competitive trading fees, an intuitive trading terminal, and much more.

Best crypto exchange Singapore: Changelly.

Do note that Changelly is also available as a mobile app on both the Apple iOS store and the Google Play store. The app offers the same competitive market rates and features over 160 cryptocurrencies.

However, there are some negative aspects to keep in mind. For instance, purchasing crypto with fiat through Changelly may be expensive, with the rate starting at 4%.

Crypto exchange fees are a bit different, as you can choose between the floating and the fixed rate. With the former, the fee is charged during the transaction process; it includes the network fee and the service fee of 0.25%. With the fixed fee, however, you pay a dynamic fee that you see before the transaction; it secures you from market volatility.

Lastly, it's worth noting that Changelly doesn't have a built-in wallet for your digital assets, which means you must have a separate wallet (only the Changelly PRO version does). Some of the best crypto wallets that can be connected to Changelly include Ledger Nano X and Zengo.

Overall, Changelly is a great option for those looking for an easy-to-use crypto exchange Singaporeans can access.

Visit Changelly
...or read our Changelly review

5. Crypto.com - Free Deposits and Withdrawals for SGD Transfers

Ranks #5 out of 6 Crypto Exchanges

Fees: In spot trading, the fees start at 0.075% for both makers and takers.

Minimum Deposit or Purchase: Varies depending on the asset and the payment method.

You've probably stumbled upon Crypto.com when searching for “best crypto exchange Singapore,” or something along these lines. This is because it has over 80 million users, is a trusted leader with regulatory compliance worldwide, and offers industry-leading custodial insurance.

In addition to that, one of the things that set Crypto.com apart from other platforms is the wide range of assets it offers for Singaporean customers - over 250 cryptocurrencies available for buying, selling, and trading.

Besides, for those looking to earn yields, Crypto.com's Crypto Earn program is also available in Singapore. With 21+ cryptocurrencies and stablecoins to choose from, users can earn yields while maintaining the security and trustworthiness that Crypto.com is known for.

Crypto.com also offers some unique features that few other cryptocurrency exchanges can match. For example, users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Best crypto exchange Singapore: Crypto.com.

For those who hold Crypto.com's native crypto asset, CRO, the exchange offers discounts on maker and taker fees.

If security is a top priority for you, you might appreciate this platform's use of multi-factor authentication (MFA) and custodial bank accounts to store users' funds.

In addition, the platform has implemented appropriate data protection measures for their personal data, in accordance with Singapore’s Personal Data Protection Act (PDPA). Consequently, Crypto.com abides by Singapore's crypto regulations.

But what about fees? Well, the exchange offers a flat trading fee of 0.075%, with free deposits and withdrawals for SGD transfers. While its fees might be on the pricier end compared to some other crypto exchanges, in August 2022, it did reduce spot trading fees by 80% (down to the current 0.075%). Besides, don't forget that CRO holders can get a discount, and there's also a VIP program that turns maker fees to zero.

Overall, Crypto.com provides a great user experience, from depositing fiat to buying and spending crypto. This is why it cannot be overlooked when trying to find the best crypto exchange in Singapore for all your trading needs!

Visit Crypto Com
...or read our Crypto Com review

6. Bitstamp - No Fees While Trading Up To 1350 SGD

Ranks #6 out of 6 Crypto Exchanges

Fees: In spot trading, the fees start at 0.3% for makers and 0.4% for takers.

Minimum Deposit or Purchase: 25 USD/EUR/GBP when buying crypto with a card.

Bitstamp is one of the most popular crypto exchanges worldwide. Not only is it easy to use, but it also offers a host of features. Thus, it can also be considered one of the best crypto exchanges in Singapore. Now, let's take a look at what Bitstamp has to offer.

Firstly, Bitstamp has an app that can be downloaded from the Google Play and Apple App Store. So, traders in Singapore can access Bitstamp from their mobile devices, making trading available at their fingertips!

Moreover, Bitstamp offers an API tool that allows users to integrate custom software. So, for example, you can integrate a trading bot to automate your trading strategies and execute trades more efficiently. It makes it so much easier to efficiently buy and sell over 80 popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others!

Another crucial advantage of Bitstamp is its long history of supporting cryptocurrency users. As one of the oldest exchanges in the industry, Bitstamp has over a decade of experience providing a secure and reliable platform for traders. This experience has helped Bitstamp build a strong reputation as one of the most trusted exchanges in the industry.

Best crypto exchange Singapore: Bitstamp.

And, when it comes to security, Bitstamp takes the protection of its users' funds to the next level! The platform uses strong security practices and stores the bulk of client funds offline in cold storage. Bitstamp also operates in accordance with Singapore crypto regulations.

In fact, in March 2024, Bitstamp received the In-Principle Approval (IPA) in Singapore, which is a step toward obtaining the Major Payment Institution license.

On top of that, when you sign up for a new account, Bitstamp allows you to set up multi-factor authentication for added security. This layer of protection helps keep your account safe from hackers and other threats.

Lastly, when it comes to Bitstamp trading fees, note that they are based on the maker-taker model that changes in accordance with your 30-day trading volume and can go from 0.4% to as low as 0%. Though, if you trade up to $1000 (around 1350 SGD), there is no fee at all.

All in all, with a user-friendly platform, competitive fees, and strong security measures, Bitstamp surely is one of the best crypto exchanges Singapore residents can use.

Visit Bitstamp
...or read our Bitstamp review

Best Crypto Exchange in Singapore: Evaluation Criteria

If you didn't find the one in this best crypto exchanges in Singapore list, you might go and search for one yourself. But how to know whether an exchange is the best crypto exchange Singaporeans can access? Well, here are some criteria that should be considered:

SGD Support. Singapore dollar (SGD) support is a significant advantage when choosing an exchange to use in Singapore. While it is not necessarily a must, SGD compatibility can greatly benefit your trading experience. After all, most prominent exchanges allow users to buy crypto using fiat. So, if you're a Singaporean, it's only natural that you'll want to use SGD to do that.

Regulatory Compliance. As discussed before, there are serious regulations and guidelines crypto exchanges in Singapore must abide by. Thus, compliance with MAS regulations is a decisive factor when searching for the best cryptocurrency exchange in Singapore. You do want to have a secure and smooth crypto trading experience, don't you?

Supported features. The services and features offered by a crypto exchange are obviously one of the main points you should consider, too, especially if you're looking for a more niche feature, which is not spot trading.

Best crypto exchange Singapore: Trading chart.

However, some crypto exchanges might not offer the same services for different countries. Imagine finding a feature that is a make-or-break for your trading experience, just to find that it is not supported in your region. To prevent that, all features that were discussed in this article are available in Singapore, unless mentioned otherwise.

Supported cryptocurrencies. Apart from feature support, you should also look into crypto asset support before choosing an exchange. While most exchanges support popular crypto assets like Bitcoin, Ethereum or Litecoin, not all exchanges support the less-known ones.

Thus, always check if you'll be able to trade the crypto you desire on the exchange in question. Though, generally speaking, note that the greater number of cryptocurrencies an exchange supports, the better option it is.

Keeping all that in mind, you should find the best crypto exchange in Singapore for you with ease.

Conclusions

To wrap all of this up, if you're looking for the best crypto exchange in Singapore, you've got a lot of great options to choose from, including Kraken and Coinbase. These platforms, as well as the others listed above, offer a wide variety of cryptocurrencies, useful features, and compliance with Singapore crypto regulations.

Of course, as the world of cryptocurrencies is constantly evolving, it's essential to stay up to date with the latest regulations and changes. So, be sure to check out the latest crypto news, as well as the most recent list of entities that operate under the Payment Services Act issued by the Monetary Authority of Singapore.

Additionally, once you choose a suitable crypto exchange, you should also consider getting a secure crypto wallet. I suggest getting a hardware wallet, which will keep your funds safe from hackers. The top choices on the market include the Ledger Nano X and Ledger Nano S Plus.

Now that you have all this info, trading in Singapore will be a piece of cake!


Other Crypto Exchanges In This Category

Here are other crypto exchange related to the category but not as favoured by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.

KuCoin - Reduce Fees With KuCoin Shares (KSC)

Disclaimer: KuCoin is no longer available for Singaporean traders.

In the past, KuCoin could be found on many "best crypto exchange in Singapore" lists, as it offers an array of trading services with nominal fees. The platform quickly became a well-known crypto exchange globally, with a community of over 10 million users in 200+ countries.

Traders have access to a diverse range of features and tools that can be utilized through both KuCoin's web-based exchange and a mobile app (accessible on Android and iOS). Whether you're interested in spot trading, margin trading, peer-to-peer trading, or derivatives trading, KuCoin has got you covered!

For those looking for a platform with a wide range of cryptocurrencies, KuCoin might be the one. It supports over 700 crypto assets, including popular ones like Bitcoin, Ethereum, Cardano, Tether, and XRP. Besides that, it also supports various fiat currencies, including SGD. So, if you want to buy crypto using SGD, you'll be able to do that on KuCoin (you won't be able to do that if you're a Singaporean resident, though).

Best crypto exchange Singapore: KuCoin.

Furthermore, by lending or staking your cryptocurrencies on KuCoin, you can earn passive income. Also, if you have KuCoin Shares (KCS), the exchange's native token, you'll enjoy significant discounts on trading fees and earn even more rewards. The more KCS tokens you have, the more money you'll save on fees!

Speaking of fees, there is a maker-taker-based fee structure for spot trading on KuCoin. Maker fees go from 0.1% to -0.005% (yes, it's a negative fee, which basically is a discount), while taker fees go from 0.1% to 0.025%. Just don't forget that you can get 20% off all spot trading fees when paying with KCS.

Futures trading fees are also based on the maker-taker model. However, you do not get a discount if covering them with KCS. Maker fees go from 0.02% to -0.015%, while taker fees go from 0.06% to 0.03%.

Best crypto exchange Singapore: KuCoin - Trade Anytime.

Now, when it comes to security, KuCoin takes extensive measures to ensure the safety of its users' assets. It features multilayer encryption, multi-factor authentication, and micro-withdrawal wallets. The company also has specialized risk departments dedicated to overseeing data operations and security.

Besides, if you want extra security when it comes to your digital assets, KuCoin's non-custodial option might be of interest to you. It allows users to connect a third-party crypto wallet for storing their crypto assets instead of storing them on a built-in KuCoin wallet.

In addition to the commitment to accessibility, security, and a diverse range of features, KuCoin also abided by Singapore crypto regulations, but it was probably not enough, as the platform is no longer accessible in this country.

Either way, for all the aforementioned reasons, it was one of the top contenders for the title of the best crypto exchange in Singapore (and beyond, where it still remains at the top).

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. C.L. Koh, N. Chan: 'Singapore's Fintech and Crypto Regulations';

2. S. Sater: 'Do We Need KYC/AML: The Bank Secrecy Act and Virtual Currency Exchanges'.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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Recent Best Crypto Exchange in Singapore User Reviews

Greer Jerry

5.0/5.0 - Changelly User
15/05/2024

It's a YES from me

The less personal info a platform requires the better. Points to Changelly exchange for the anonymity!

Evaluation

Price value
Ease of Use
Experience
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M. Carney

4.6/5.0 - Bitstamp User
23/05/2024

Experienced

I had trading experience so it was easier to figure out how to use this exchange, but wouldn't recommend it to first time traders.

Evaluation

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Ease of Use
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Taya D.

4.4/5.0 - Bitstamp User
16/04/2024

Good app

The app is easier to use and the fees are on the lower end, it's a shame that the trading optios are soo limited :/

Evaluation

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timmy

4.2/5.0 - Changelly User
16/05/2024

delays

i must be trading at a peak time, because form time to time i experience delays at a particular time. doesnt last long and is not very often but still a bit frustrating....

Evaluation

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Pattie

4.2/5.0 - Crypto Com User
03/06/2024

Like the app

the app is very well designed, easy to use and reliable

Evaluation

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Ease of Use
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Matias Dale

4.8/5.0 - Kraken User
03/06/2024

first exchange

It took me more time than i expected to figure out how to use the exchange. Totally get why not many beginners go for Kraken as their first exchange. Aside from that, have no other issues.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Briggs0045

4.8/5.0 - Changelly User
25/06/2024

Not many niche coins

The list of coins is extensive, but not many niche cryptos

Evaluation

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Ease of Use
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Kourtney Burch

5.0/5.0 - Kraken User
24/06/2024

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

Evaluation

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Ease of Use
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Nur Cortes

4.6/5.0 - Bitstamp User
18/06/2024

Limited cryptos

For a popular exchange they really do have a limited variety of cryptos to choose from

Evaluation

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Ease of Use
Experience
Features
Safety

SANIA

5.0/5.0 - Coinbase User
02/05/2024

ALL IN ONE

Multi-functional platform! Facilitates the essential functions that other exchanges fail to provide.

Evaluation

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Experience
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Safety

I. G.

4.6/5.0 - Bitstamp User
23/05/2024

wallet

Had no security issues so far, but wouldnt trust the integrated wallet function

Evaluation

Price value
Ease of Use
Experience
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Safety

Lilly-vanily

5.0/5.0 - Coinbase User
22/05/2024

Happy that coinbase is in my country

It's a shame that Coinbase in not available in more countries. Just happy I had the opportunity to move and now can have this new trading experience.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Marcie the Met

5.0/5.0 - Crypto Com User
19/05/2024

Good

Good customer service. Fast response.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

arlo tate

5.0/5.0 - Kraken User
09/05/2024

TRUE

This Kraken review is spitting facts. During the three years of using the platform i experienced the ''not so effective'' customer support, but i noticed that it improved

Evaluation

Price value
Ease of Use
Experience
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Miss Kornelia

4.6/5.0 - Bitstamp User
14/06/2024

Cool design

The design and espacially the charts give me Wall Street vibes :) it is hard to read and understand what it means, though...

Evaluation

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H Kaye

4.8/5.0 - Coinmama User
22/06/2024

high fees

i knew that every exchange charges fees, but on coin mama it really ads up. at least the withdrawls are free

Evaluation

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J X

4.8/5.0 - Changelly User
29/06/2024

New trading app

An App? Changelly is hopping on the trend and i like it. Although personally, I am not a fan of trading on the go

Evaluation

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Hogan Bruno

5.0/5.0 - Coinmama User
22/04/2024

For everybody

Functional and easy to use platform, even beginners will get the hang of it in no time!!!

Evaluation

Price value
Ease of Use
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Safety

Valentina159

4.8/5.0 - Coinbase User
27/06/2024

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

Evaluation

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Ease of Use
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P. Watson Jr

5.0/5.0 - Coinbase User
25/04/2024

Senior user

Very glad I chose this platform from the get go, the recommendations and positive feedback enticed me. All of it still holds up after years of trading, I only have hard time catching up to all the new updates and improvements, so reading acticles like this binance review makes the process easier. Overall though, the basic funtions and options are often more than enough for majority of users.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

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FAQ

What makes an exchange one of the best crypto exchanges in Singapore?

In order to be dubbed as one of the best crypto exchanges in Singapore, the platform must be compliant with Singapore's crypto regulations and support SGD currency. Besides these Singapore-specific criteria, an exchange should also offer various features and services (not only the most basic ones), as well as support a huge variety of crypto assets. Some of the best crypto exchanges Singaporeans can use include Kraken and Coinbase.

What are the requirements for obtaining a crypto exchange license in Singapore?

To obtain a crypto exchange license in Singapore, exchanges must meet certain requirements, including having a robust security system in place to protect customers' assets and complying with anti-money laundering and counter-terrorist financing regulations. Platforms like Kraken and Coinbase are fully compatible with these regulations and, thus, can be used in Singapore.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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