Best Crypto Exchanges Singapore 2026
We tested every major crypto exchange available to Singapore residents. Here is our unbiased comparison based on fees, security, features, and ease of use.
Quick Comparison Table
| Exchange | Fees | PayNow | MAS | Coins | Best For |
|---|---|---|---|---|---|
| Coinhako | 0.6-0.8% | Yes | Yes | 40+ | Beginners |
| Independent Reserve | 0.02-0.50% | Yes | Yes | 30+ | Low fees / serious investors |
| Crypto.com | 0.04-0.40% | Yes | Yes | 350+ | Features / altcoins |
| Gemini | 0.20-1.49% | No | Yes | 100+ | Security-focused |
| Bybit | 0.01-0.10% | No | Pending | 500+ | Advanced traders |
How We Ranked These Exchanges
Our ranking methodology considers five key factors weighted by importance to Singapore users: MAS licensing and regulatory compliance (30%), trading fees (25%), SGD deposit methods including PayNow support (20%), security track record and features (15%), and available cryptocurrencies and features (10%).
We prioritize MAS licensing because it provides meaningful consumer protection. Licensed exchanges must segregate customer funds, maintain minimum capital requirements, and comply with strict cybersecurity standards. While unlicensed exchanges often have lower fees, the regulatory safety net is worth the small premium for most investors.
Our Top Picks
Coinhako -- Best for Singapore Beginners
Singapore-founded in 2014, Coinhako is the most locally focused exchange. Its PayNow integration is seamless, Singpass verification takes minutes, and the interface is designed for first-time buyers. Fees are higher than competitors (0.6-0.8%), but the convenience and local support justify the premium for beginners.
Read full Coinhako review →Independent Reserve -- Best for Active Investors
If you trade regularly or invest large amounts, Independent Reserve's fee structure (as low as 0.02% for makers) saves significant money over time. Their IRAS-compatible tax reports are a unique advantage for Singapore users who want clean records. The interface is less modern than competitors but functionality is solid.
Read full Independent Reserve review →Crypto.com -- Best All-in-One Platform
Crypto.com offers everything: 350+ coins, a Visa debit card with cashback, staking rewards, DeFi wallet, NFT marketplace, and competitive fees. The CRO staking tiers can be confusing, but if you want a single platform for all your crypto needs, this is it.
Read full Crypto.com Singapore review →Choosing the Right Exchange
First-Time Buyer
Go with Coinhako. Simplest signup, PayNow deposits, and local customer support. You can always switch exchanges later.
Cost-Conscious Investor
Choose Independent Reserve. Maker fees from 0.02% save real money on regular purchases.
Altcoin Explorer
Pick Crypto.com for 350+ coins, or Bybit for 500+ (but check MAS licensing status).
Security Maximalist
Gemini is SOC 2 certified with insurance on custodial holdings. Highest security standards among exchanges.
A Note on Unlicensed Exchanges
Exchanges without MAS licensing (like Binance) may offer lower fees and more coins, but they operate in a regulatory gray area for Singapore residents. MAS has explicitly warned against using unlicensed platforms. If something goes wrong -- a hack, withdrawal freeze, or dispute -- you have limited recourse. We recommend sticking to MAS-licensed platforms, especially for amounts above S$5,000.