Where to Buy and Sell Bitcoin in Singapore

Here are the top most popular and trusted Bitcoin exchanges in Singapore where you can buy, sell, transfer and invest in bitcoins.

1] Quoine

About company: – Quoine is a foremost fintech company that delivers trading, exchange, and next-generation financial services motorized by block chain technology. The offices in Singapore, Japan, and Vietnam. Quoine combines a strong network of local partners with extensive team experience in banking and financial products to deliver best in class financial services for its customers.

Fees Structure: – 0.25%

Payment method: – bank transfer.

Pros:

1. It’s easy to use and understand.
2. Lowest trading fees, in fact, they offer zero trading fees until the end of March.
3. Fast execution of the trade.

Cons:

1. Very slow withdrawal process.
2. They are not trustworthy at all.

2] Coin Hako

About Company: CoinHako is a Bitcoin wallet service for consumers to buy, sell, invest and secure their Bitcoins. Originally founded in Silicon Valley. we are based in Singapore as our goal is to serve Asia.

Fees Structure:  0.9% for each transaction

Payment Method: Deposit fiat money into your account via Xfers, local inter-bank transfer, or international wire transfer.

Pros:

1. Super-fast way to purchase bitcoins in Singapore.
2. Trusted and established exchange.

Cons:

1. Not private for larger amounts since identity verification is required.
2. Other payment methods have a limit of 200 SGD without verification

3] ItBit

About Company: ItBit launched in 2013, the itBit team has strived to push the boundaries of sophistication in bitcoin trading. In May 2015, we obtained a trust company charter and opened the first regulated bitcoin exchange in the U.S.

Fees Structure:  0.20% taker fee.

Payment Method: Wire Transfer

Pros:

1. OTC trading desk is ideal for buying or selling large blocks of BTC.
2. Licensed Bitcoin exchange in New York, operates legally in all 50 states.

Cons:

1. Limited payment options.

4] FYB-SG

About Company: FYB-SG is a Bitcoin exchange based in Singapore, the first to be established there.

Fees Structure:  Fyb-SG charges a 0.6% commission on the longed currency to pay for development/overhead costs.

Payment Method: bank transfer.

Pros:

1. Market makers receive a 50% fee discount for a super low 0.3% fee.
2. Instant deposit and withdrawal options for SGD.
3. Low fees; exchange only charges 0.6% per trade.

Cons:

1. Not private since identity verification is required, this process can be as quick as 30 minutes.
2. Single payment method.

5] Coin Republic

About Company:  David Moskowitz, the founder of Coin Republic, has been helping people and companies in Singapore purchase Bitcoin since September 2013. Coin Republic is a trusted source, and David Moskowitz, a well-known member of the Singapore Bitcoin community.

Fees Structure: Fees not displayed publically.

Payment Method: Payments are only made via iBanking with a Singapore based bank, no ATM or cash transactions accepted.

Pros:

1. Fast and secure.
2. Excellent service.

Cons:

1. High fees rate.
2. Fewer payment options.

6] Luno

About Company: one of the world’s leading digital currency companies with a team of over 40 technology and finance experts, operating across several countries and continents.

Fees Structure: 0% for market makers and only 0% – 1% for market takers (depending on fiat currency)

Payment Method: Bank transfer.

Pros:

1. Safe and easy for people.
2. One of the most trusted Bitcoin exchanges in Asia.

Cons:

1. Users should not store bitcoins in wallet.
2. Limited deposit options, usually only bank transfer, and no credit/debit card options.