{"id":4281,"date":"2023-02-06T04:11:00","date_gmt":"2023-02-06T04:11:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=4281"},"modified":"2023-02-06T12:54:48","modified_gmt":"2023-02-06T12:54:48","slug":"how-to-buy-bitcoin-in-singapore","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/how-to-buy-bitcoin-in-singapore\/","title":{"rendered":"How To Buy Bitcoin in Singapore"},"content":{"rendered":"\n

If you are a resident of Singapore<\/strong> and want to buy bitcoin<\/strong>, we list step-by-step instructions for buying BTC with SGD (Singapore Dollars). <\/p>\n\n\n\n

Cryptocurrencies are becoming more and more prominent in everyday life, including in Singapore. With the price of BTC hitting an all time high of ~US$64,895 (S$86,480) on 14 April 2021, many people started noticing and you might be one of them. If you would like to ride the cryptocurrency wave and want to get some exposure to Bitcoin, read on. <\/p>\n\n\n\n

After a filling with the U.S. Securities and Exchange Commission (SEC) revealed a Tesla\u00a0purchase worth of $1.5 billion of Bitcoin<\/a>\u00a0and DBS (SGX: D05) announcing it will set up a digital exchange, cryptocurrencies and Bitcoin is here to stay.<\/p>\n\n\n\n

We will go over how to buy and start trading Bitcoin in Singapore. Many trading platforms allow you to buy it directly and accept SGD.<\/p>\n\n\n\n

Buy Bitcoin in Singapore<\/h2>\n\n\n\n

There are two ways to invest in cryptocurrencies in Singapore. You can go online and buy from a bitcoin exchange or head to a local ATM where you can exchange SGD for Bitcoin. To buy or start trading, you need an exchange account, though safer storage practices are recommended.<\/p>\n\n\n\n

Here are the steps on how to buy BTC as a Singaporean:<\/p>\n\n\n\n

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  1. Compare crypto exchanges<\/li>\n\n\n\n
  2. Choose an Bitcoin exchange<\/li>\n\n\n\n
  3. Create an account<\/li>\n\n\n\n
  4. Deposit SGD<\/li>\n\n\n\n
  5. Click on \u201cBuy\u201d<\/li>\n\n\n\n
  6. Enter the amount<\/li>\n\n\n\n
  7. Review the transaction<\/li>\n\n\n\n
  8. Click \u201cBuy\u201d<\/li>\n\n\n\n
  9. Start Trading or Store it in a Crypto Wallet<\/li>\n<\/ol>\n\n\n\n

    You can either buy $100 worth of Bitcoin or even less. You don\u2019t have to buy the full amount of 1 BTC, but just a fraction.<\/p>\n\n\n\n

    Where to Buy Cryptocurrencies in Singapore –  Best Exchanges For Bitcoin in Singapore<\/h2>\n\n\n\n

    The best platform to buy crypto In Singapore is Stormgain. They charge no deposit fees or have any additional fees. You can find the top exchanges to purchase Bitcoins and other popular cryptocurrencies below.<\/p>\n\n\n\n

    Exchange<\/th>Fees<\/th>Pro Account<\/th>Supported Cryptocurrencies<\/th>Deposit Fees<\/th><\/tr><\/thead>
    Stormgain<\/a><\/td>0.095% (BTC)<\/td>Yes<\/td>BTC + others<\/td>$0<\/td><\/tr>
    Binance Singapore<\/td>0.1% spot trading fee; 0.5% Instant Buy\/Sell fee<\/td>\/<\/td>300+<\/td>Deposit with Xfers is free<\/td><\/tr>
    Huobi Global<\/td>N\/A<\/td>\/<\/td>N\/A<\/td>Varies<\/td><\/tr>
    Coinbase<\/a><\/td>Variable percentage fee 1.49% – 3.99%<\/td>\/<\/td>N\/A<\/td>Varies (3.99% + 7% of transaction fee)
    or
    $25 for SWIFT transfers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
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    Stormgain- Best For Cryptocurrency Singapore<\/h3>\n\n\n\n