Compare the best crypto exchanges in Singapore for 2026: regulation, SGD deposits and withdrawals, fees, coins, futures and each exchange's main catch.
Accepts clients from Singapore Accepts clients from Singapore Accepts clients from SingaporeAvailable in the EU as OKX EU Accepts clients from Singapore Accepts clients from Singapore Accepts clients from Singapore Accepts clients from Singapore Accepts clients from Singapore| Exchange | Spot assetscrypto | Futures assets | Spot feesmaker/taker | Futures feesmaker/taker | Max leverage | Singapore |
|---|---|---|---|---|---|---|
| 1. GeminiVisit | 75 | 7 | 0.6% / 1.2% | 0.02% / 0.07% | 20× | Yes |
| 2. KrakenVisit | 679 | 177 | 0.4% / 0.8% | 0.02% / 0.05% | 50× | Yes |
| 3. OKXVisit | 298 | 485 | 0.2% / 0.35% | 0.02% / 0.05% | 125× | Yes |
| 4. Bit2MeVisit | 192 | — | — | — | — | Yes |
| 5. BingXVisit | 637 | 569 | 0.1% / 0.1% | 0.02% / 0.05% | 150× | Yes |
| 6. PhemexVisit | 1,027 | 816 | 0.1% / 0.1% | 0.01% / 0.06% | 100× | Yes |
| 7. UpholdVisit | — | — | — / 0.25% | — | — | Yes |
| 8. BinanceVisit | 507 | 525 | 0.1% / 0.1% | 0.02% / 0.05% | 150× | Yes |
| Exchange | Score | Founded | Headquarters | Founder | CEO | KYC | Singapore |
|---|---|---|---|---|---|---|---|
| 1. GeminiVisit | 7.2 | 2014 | New York, USA | Tyler and Cameron Winklevoss | Cameron Winklevoss, Tyler Winklevoss | Required | Yes |
| 2. KrakenVisit | 9.3 | 2011 | San Francisco, USA | Jesse Powell | David Ripley | Required | Yes |
| 3. OKXVisit | 7.8 | 2017 | Seychelles | Star Xu | Star Xu | Required | Yes |
| 4. Bit2MeVisit | 6.1 | 2014 | Elche, Spain | Leif Ferreira, Andrei Manuel (co-founders) | Leif Ferreira, Koh Onozawa Martinez (co-CEOs since 2024) | Required | Yes |
| 5. BingXVisit | 7.1 | 2018 | Singapore | Josh Lu | Vivien Lin | Required | Yes |
| 6. PhemexVisit | 7 | 2019 | Singapore | Jack Tao | Jack Tao | No KYC | Yes |
| 7. UpholdVisit | 5.2 | 2015 | New York | Halsey Minor | Simon McLoughlin | Required | Yes |
| 8. BinanceVisit | 8.9 | 2017 | Cayman Islands | Changpeng Zhao | Richard Teng | Required | Yes |
The Singapore column is checked live against each exchange's restricted-country list.
Gemini is our top pick for Singapore. It suits careful buyers who want a heavily regulated, security-focused exchange and don’t mind paying more per trade. Kraken, OKX and Binance offer bigger coin ranges and lower fees, and BingX and Phemex cut spot costs further.
Buying, holding and trading crypto is legal in Singapore, and firms serving customers here need a licence from the Monetary Authority of Singapore (MAS). Before you sign up, look the exchange up in MAS’s Financial Institutions Directory. Then check how you can move Singapore dollars in and out: FAST and PayNow are the quickest local routes, but most exchanges below rely on wires, cards and payment apps. Finally, compare what you’ll pay on each trade.
Gemini is built for people who put safety ahead of price. It runs as a licensed New York trust company, publishes proof of reserves and keeps most coins in cold storage, so you can check that your deposits are backed. That licence doesn't cover Singapore, though, so look Gemini up in MAS's Financial Institutions Directory before you sign up.
Gemini offers 75 spot coins and futures on 7 coins, but MAS rules bar licensed firms from offering derivatives to retail customers. Price is the weak spot: a new account pays 0.6% on maker orders and 1.2% on taker orders, and the first discount needs $10,000 a month in volume, so frequent trading gets expensive. Money goes in by SWIFT wire, card, Apple Pay, Google Pay or PayPal and comes out by bank transfer, card or PayPal, with no FAST or PayNow, so Singapore dollars move more slowly than a local transfer.
Futures cost 0.02% for makers and 0.07% for takers, and sign-up needs a photo ID and proof of address. Gemini launched in 2014, is based in New York, USA and was co-founded by Tyler and Cameron Winklevoss, who also run it. Its record includes a 2022 customer data breach, a 2022 theft tied to IRA Financial and a 2024 breach at a banking partner, so turn on a hardware security key and assume your personal details could be exposed.
Key points
Kraken pairs a big market with serious oversight from the UK's FCA, Canada's FINTRAC, Australia's AUSTRAC and the FSRA in Abu Dhabi. None of those covers Singapore, so check MAS's register before depositing. Proof of reserves, ISO 27001 certification and cold storage still give you good grounds to trust how it holds your coins.
There are 679 spot coins. Futures on 177 coins, with up to 50x leverage, are a product Singapore's rules keep away from retail clients of licensed firms. On Kraken Pro, spot makers pay 0.4% and takers 0.8%, and the basic app charges more, so use Pro if you trade often. You can pay in by bank transfer, card, PayPal, Apple Pay or Google Pay, and withdrawals go to your bank, a card or PayPal, but there's no FAST or PayNow route.
A futures maker order costs 0.02% and a taker order 0.05%, verification takes a government ID and a face scan, and support runs 24/7 by chat, email and phone. Kraken launched in 2011, is headquartered in San Francisco, USA, was co-founded by Jesse Powell and is led by CEO David Ripley. In 2024 a bug let CertiK pull $3 million from Kraken's treasury. The money came back and no customer assets were touched, but it's a reminder to keep only trading money on any exchange.
Key points
At OKX, active traders get the most tools in one account. There is spot on 298 coins, futures on 485 coins at leverage of up to 125x, options on 4 coins, copy trading, a demo mode and a P2P market. MAS rules stop licensed firms from offering derivatives or leverage to retail customers, so expect spot to be the part that matters in Singapore.
OKX publishes proof of reserves, letting you confirm for yourself that customer balances are backed. Spot trading runs 0.2% on the maker side and 0.35% on the taker side, cheaper than Gemini or Kraken, and holding OKB can cut fees on some products. You can fund and cash out by bank transfer, card or P2P, where OKX holds the coins in escrow until both sides have paid, but FAST and PayNow aren't offered.
Makers pay 0.02% on futures and takers pay 0.05%, KYC with an ID and a live selfie is mandatory, and the interface is complex for beginners. OKX launched in 2017, is based in Seychelles and is run by co-founder Star Xu. The main exchange has never been directly hacked, but its DEX lost $2.7 million in a 2023 exploit through a compromised admin key, so treat the Web3 side as riskier than your exchange balance.
Key points
Simplicity is Bit2Me's appeal. It offers spot trading on 192 coins and nothing leveraged, so you can't be pulled into bets bigger than your deposit. That suits someone in Singapore who wants to buy and hold, and MAS's directory will tell you whether it is licensed here.
Beyond trading, it has a crypto debit card for spending your balance, its own B2M token and cold storage for customer coins. Before you send money, check which Singapore dollar deposit methods and fees apply to your account, because FAST or PayNow support isn't something to take for granted.
You need to verify your identity before you can trade. Bit2Me launched in 2014 and is based in Elche, Spain; it was co-founded by Leif Ferreira and Andrei Manuel, and Leif Ferreira and Koh Onozawa Martinez run it as co-CEOs. Its biggest weakness is the lack of published proof of reserves, which leaves you with no way to confirm that customer deposits are fully backed.
Key points
For low costs across a huge menu, BingX is hard to beat. It offers 637 spot coins, futures markets on 569 coins that go as high as 150x leverage, stock tokens, forex, commodities, copy trading, grid bots and a demo mode. Having its head office in Singapore doesn't by itself mean it holds a MAS licence, so search the Financial Institutions Directory; licensed firms can't offer retail customers leverage or derivatives.
Spot trades cost 0.1% whether you place a limit or market order, and crypto futures charge 0.02% per maker order and 0.05% per taker order. You can deposit by bank transfer, SWIFT wire, card or MoonPay, but withdrawals run only through crypto, SEPA and Pix. Getting Singapore dollars back therefore means selling on its P2P market or moving coins to another platform.
KYC with an ID and a face scan is required, verified accounts can withdraw up to $5,000,000 a day, and it publishes proof of reserves. BingX dates from 2018, has its headquarters in Singapore and counts Josh Lu among its co-founders, with Vivien Lin as CEO. In September 2024 attackers drained more than $44 million from a BingX hot wallet. Customers were repaid from its reserves, but it shows that coins you aren't trading should sit in your own wallet.
Key points
No exchange here offers more coins than Phemex. You get 1,027 spot coins and 816 futures coins, where leverage tops out at 100x, plus free trading bots, copy trading, mock trading and stock tokens. It is based in Singapore, but only MAS's directory can confirm whether it holds a licence here, and MAS rules bar licensed firms from giving retail customers leverage or derivatives.
Phemex charges 0.1% on every spot trade, maker or taker, while futures run 0.01% when you add liquidity and 0.06% when you take it. Paying fees in its PT token cuts eligible spot fees by 20% and USDT contract fees by 10%. You can fund with a card, Apple Pay, Google Pay, SWIFT wire or services such as MoonPay and Banxa, then cash out to your bank or as crypto; FAST and PayNow aren't on offer.
New users must verify their identity, and verified accounts can withdraw up to $2,000,000 a day. Phemex started in 2019 and is based in Singapore; co-founder Jack Tao also serves as its chief executive. In January 2025 about $85 million in crypto was stolen from its hot wallets, so move coins you aren't actively trading to a wallet you control.
Key points
If you mostly buy and hold, Uphold lets you swap between coins, fiat currencies and metals from one balance, trading one asset straight into another. There's no order book and no futures, which keeps things simple and avoids leverage entirely. It publishes proof of reserves, giving you a way to verify that customer assets are covered.
You pay through a spread built into the price, from 0.25% on stablecoins to well over 1% on Bitcoin, Ether and altcoins. Spreads also widen when markets swing, which makes Uphold poor value for frequent trades. Money moves in and out by bank transfer, card, SWIFT wire, PayPal, Apple Pay or Google Pay, though not by FAST or PayNow, and staking pays weekly rewards on supported coins.
Verification needs a government-issued ID, and support is limited to a request form and email, with no live chat. Uphold opened in 2015 with Halsey Minor among its co-founders, operates from New York and has Simon McLoughlin as chief executive. It has no withdrawal address whitelist or withdrawal password, so anyone who gets into your account faces fewer barriers to moving your coins; use strong two-factor authentication.
Key points
Liquidity is Binance's biggest advantage. Its order books are the deepest here, so large orders fill close to the quoted price across 507 spot coins. It also lists futures on 525 coins with a maximum leverage of 150x, options on 8 coins, 168 stock tokens, staking and copy trading, though MAS rules keep licensed firms from offering leverage or derivatives to retail customers.
Binance's spot fee is 0.1% regardless of order type, and on futures you pay 0.02% as a maker or 0.05% as a taker. Paying in BNB with fee deduction switched on takes up to 25% off spot fees. Deposits can come by card, bank transfer, Google Pay, SWIFT wire or P2P, with payouts to your bank or as crypto and no FAST or PayNow option.
Level 1 KYC takes an ID and a selfie, level 2 adds proof of address for higher limits, and the busy interface is hard going for beginners. Binance was co-founded in 2017 by Changpeng Zhao, keeps its headquarters in the Cayman Islands, and its CEO is Richard Teng. A 2022 hack led to outflows of BNB coins worth over $500 million, so even with its billion-dollar security fund, move long-term holdings to your own wallet.
Key points
Our editorial team selected, tested and ranked the best crypto exchanges for traders in Singapore. We picked exchanges that accept users here, then ordered them on the whole package they offer someone in Singapore. The order is our editors’ judgment of that whole package. The CWR Score on each card rates that exchange on its own, so an exchange placed lower can have a higher score.
Yes. Buying, holding and trading crypto is legal in Singapore. Firms that buy, sell or hold digital payment tokens for customers in Singapore need a licence from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019, and you can look a firm up in MAS’s Financial Institutions Directory.
Licensed firms face strict rules for retail customers. Since 19 June 2025, MAS guidelines say they should not lend to retail customers, offer them leverage, margin trading or crypto derivatives, give them incentives to sign up or trade, or accept payment with Singapore-issued credit or charge cards. Since 30 June 2025, Singapore firms that serve only customers abroad also need a licence, which MAS has said it will generally not grant.
Singapore has no capital gains tax, and IRAS generally treats profits or losses from buying and selling digital tokens as personal investment gains, which are not taxed and don’t need to be declared. Swapping one token for another follows the same rule: the result is taxable only if the token is a trading asset rather than an investment.
If IRAS finds that you are trading, judging by factors such as your purpose, how often you trade and how long you hold, the profit is taxed as income at the normal progressive rates, which top out at 24% for residents, and must be declared in your tax return. Someone who mines as a hobby isn’t taxed on selling the mined tokens, but systematic, profit-seeking mining can be. Buying and selling digital payment tokens is exempt from GST.
This is a general overview, not tax advice. Tax rules change and depend on your situation, so check with IRAS (the Inland Revenue Authority of Singapore) or a tax adviser before you file.
Official sources, checked September 2026: IRAS: gains from sale of property, shares and financial instruments; IRAS: e-Tax Guide on income tax treatment of digital tokens (January 2026); IRAS: taxable and non-taxable income (tax treatment of digital tokens); IRAS: individual income tax rates.
Buying cryptocurrencies such as Bitcoin or Ethereum in Singapore takes only a few steps once you’ve chosen where to trade.
Gemini suits you best if you want a regulated, security-first place to buy and hold and can live with high spot fees. Kraken adds a much wider coin range under strong oversight, OKX and Binance offer the most tools, and BingX and Phemex are cheapest for spot but have had hot wallet losses. Crypto is legal in Singapore, and firms serving customers here need a MAS licence. Whichever exchange you choose, check its status in MAS’s Financial Institutions Directory and work out how you’ll move Singapore dollars before you deposit.
Yes. Buying, holding and trading crypto is legal in Singapore. Firms that buy, sell or hold crypto for customers here need a licence from the Monetary Authority of Singapore under the Payment Services Act, and you can look any firm up in MAS's Financial Institutions Directory.
MAS guidelines say licensed firms should not offer retail customers leverage, margin trading or crypto derivatives. OKX, Binance, BingX and Phemex run large futures markets, but check what your own account allows. Leverage can wipe out a deposit very quickly.
FAST and PayNow are the quickest ways to send Singapore dollars. The exchanges in this ranking mainly take bank transfers, SWIFT wires, cards and payment apps such as Apple Pay, Google Pay and PayPal, so check each deposit screen for a local option. Licensed firms shouldn't accept Singapore-issued credit cards.
For spot trading, BingX, Phemex and Binance charge the same low rate for makers and takers. Phemex and Binance give an extra discount when you pay fees in their own tokens. Gemini is the most expensive for a new account, and Uphold's spreads on Bitcoin and altcoins are also high.
Every exchange here except Bit2Me publishes proof of reserves, which lets you check that customer deposits are backed. With Bit2Me you have no such check, so it makes sense to keep smaller balances there.
Crypto gains can be taxable in Singapore. See "How is crypto taxed in Singapore?" above for how the rules apply, and keep a record of every trade in case you need it.
In the EU, OKX serves customers through OKX EU, which is run by a separate company licensed under MiCA and offers different products.
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