Singapore, though small in size, stands as one of the most economically advanced nations in Asia. Despite its modest population, the country has emerged as a thriving hub for cryptocurrency innovation—thanks to clear regulatory guidelines and strong support from local organizations like the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS). This supportive ecosystem has fostered the growth of numerous Bitcoin exchanges, making it easier than ever to buy Bitcoin in Singapore.
Whether you're a beginner or an experienced investor, this guide walks you through the top platforms and methods available today to securely purchase Bitcoin. We’ll cover everything from exchange features and fees to security practices and user experience—so you can make informed decisions with confidence.
Top Platforms to Buy Bitcoin in Singapore
FYB-SG – The Pioneer Exchange
FYB-SG is a private limited company operated by Dealworks and holds the distinction of being Singapore’s first and longest-running Bitcoin exchange. Known for its simplicity and transparency, FYB-SG offers an open order book system that gives users full visibility into market activity.
The platform charges a competitive 0.6% transaction fee, one of the lowest among local exchanges. It supports instant Bitcoin withdrawals and seamless SGD deposits and withdrawals, ensuring fast processing times. Founded by Luv Khemani, who believes in the long-term evolution of digital currencies, FYB-SG emphasizes trust and market-driven value assessment.
👉 Discover a secure way to start your Bitcoin journey today.
CoinHako – Simplifying Crypto Access
Backed by Silicon Valley accelerator Boost VC, CoinHako was the first Bitcoin company launched by the incubator in Asia. Co-founded by Yusho Liu and Greg Ing, CoinHako was created to address the complexity and friction involved in buying Bitcoin in Singapore.
Their mission? To make cryptocurrency trading as simple as possible. With CoinHako, users can buy or sell Bitcoin using their Singaporean bank accounts in just seconds. While the platform charges a higher 1.9% transaction fee, its ease of use and intuitive interface appeal to newcomers.
Boost VC CEO Adam Draper has praised CoinHako as one of the best startups in Singapore’s growing blockchain space—a testament to its reliability and innovation.
Coin Republic – Transparent Brokerage Service
Coin Republic stands out as Singapore’s first dedicated Bitcoin brokerage service. Founded by David Moskowitz, who also launched the nation’s first Bitcoin ATM, the platform prides itself on price transparency and no hidden markups.
Unlike traditional exchanges, Coin Republic directly discloses its service fees. Bitcoin pricing is determined by actual user transactions on the platform, ensuring fairness. David has publicly explained how the fee structure works, reinforcing the company’s commitment to openness—an important factor for users concerned about hidden costs.
This broker model is ideal for those who prefer straightforward pricing without navigating complex order books.
itBit – A Regulated Global Exchange
itBit elevates Bitcoin trading in Singapore by offering a globally accessible platform for trading Bitcoin against USD, SGD, and EUR. Designed with institutional and retail investors in mind, itBit provides a secure gateway to participate in the digital asset revolution.
Security is a top priority: all withdrawals—both fiat and crypto—undergo a manual confirmation process to prevent unauthorized access. The exchange is co-founded by Richmond Teo and Jason Melo, both veterans in financial services. It raised $3.25 million in funding from reputable investors including Canaan Partners, RRE Ventures, Liberty City Ventures, and angel investors Jay W. Jordan II and Ben Davenport.
Antony Lewis, itBit’s Director of Business Development and current president of ACCESS, is a respected voice in the crypto community. His writings on topics such as Ripple and the Hawala network highlight the platform’s deep industry expertise.
CRXzone – Flexible Funding Options
Launched in February 2014, CRXzone is a privately registered Singaporean fintech company that operates a digital asset marketplace. Users can trade not only Bitcoin, but also Litecoin and Dogecoin.
Led by CEO Pawan Kumar—an IT industry veteran with over 25 years of experience—CRXzone differentiates itself through diverse funding methods. In addition to standard bank transfers, it supports alternative payment systems like OKPAY, Egopay, and PerfectMoney, which are popular among international users seeking flexibility.
To enhance security, all withdrawals are manually reviewed before processing. While this may slow down transactions slightly, it significantly reduces fraud risks—making CRXzone a solid choice for privacy-conscious traders.
Bitcoin ATMs – Instant Cash-to-Crypto
For those seeking instant access without registration or bank integration, Bitcoin ATMs offer a convenient solution. The first such machine in Singapore was installed at CityLink Mall by a private Bitcoin trading firm co-founded by Zann Kwa.
Currently located at #03-11, People’s Park Centre, 531 Upper Cross Street, Singapore 050531 (inside Chinatown/Crawford Restaurant), this ATM allows users to insert cash and receive Bitcoin via a QR-coded wallet address—no account creation or ID verification required.
While currently one-way only (cash to Bitcoin), Zann Kwa has announced plans to roll out two-way ATMs that will allow Bitcoin selling in the future. These machines are especially useful for beginners or tourists looking to acquire small amounts of Bitcoin quickly.
👉 Learn how to convert cash into digital assets with ease.
Key Factors When Choosing a Platform
When deciding where to buy Bitcoin in Singapore, consider these essential factors:
- Fees: Compare transaction and withdrawal charges across platforms.
- Security: Look for two-factor authentication (2FA), cold storage, and withdrawal confirmations.
- Ease of Use: User-friendly interfaces help reduce errors and improve experience.
- Payment Methods: Ensure the platform supports SGD deposits via FAST transfer or NETS.
- Regulatory Compliance: Prefer platforms registered under MAS (Monetary Authority of Singapore) guidelines.
As Singapore tightens its regulatory framework under the Payment Services Act, compliant platforms offer greater peace of mind.
Frequently Asked Questions (FAQ)
Q: Is it legal to buy Bitcoin in Singapore?
A: Yes. Buying, holding, and selling Bitcoin is fully legal in Singapore. The Monetary Authority of Singapore (MAS) regulates cryptocurrency businesses but does not prohibit individual ownership.
Q: Do I need to pay taxes on Bitcoin gains?
A: Generally, capital gains from personal Bitcoin investments are not taxed. However, if you’re trading frequently as a business or accepting crypto as payment, income tax may apply.
Q: Can I use my bank account to buy Bitcoin?
A: Yes. Most reputable exchanges support FAST bank transfers, allowing direct SGD deposits from local banks like DBS, OCBC, and UOB.
Q: Are there ID requirements to buy Bitcoin?
A: Yes. Exchanges regulated by MAS require Know-Your-Customer (KYC) verification for accounts above certain limits. This includes submitting NRIC or passport details.
Q: What’s the safest way to store Bitcoin after purchase?
A: Use a hardware wallet (like Ledger or Trezor) for large amounts. For smaller holdings, reputable non-custodial apps provide good security with easy access.
Q: How fast can I buy Bitcoin in Singapore?
A: With instant bank transfers (FAST), most purchases are completed within minutes. Bitcoin ATMs offer near-instant transactions using cash.
Final Thoughts
Singapore’s progressive stance on digital assets makes it one of the best places in Asia to buy Bitcoin safely and efficiently. From established exchanges like FYB-SG and itBit to innovative solutions like CoinHako and Bitcoin ATMs, investors have multiple trusted avenues to enter the crypto market.
As adoption grows and regulations evolve, staying informed is crucial. Always prioritize platforms with strong security measures, transparent fees, and regulatory compliance.
👉 Start your secure Bitcoin investment journey now—explore trusted global platforms.
By understanding your options and asking the right questions, you can confidently navigate Singapore’s dynamic cryptocurrency landscape—and take control of your financial future.