facebookDoes transferring cryptocurrencies in SGD to Nexo and Celsius Network incur any fees? - Seedly

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Anonymous

13 Jun 2021

General Investing

Does transferring cryptocurrencies in SGD to Nexo and Celsius Network incur any fees?

Anyone knows about transferring cryptocurrencies in SGD?

Discussion (10)

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Use Xfers to transfer your SGD to your selected crypto exchange. I use Gemini and Binance SG, but I decided to drop Binance SG because all crytos that I want to buy are available in Gemini. Beside Gemini in ActiveTrader mode has lower fee (flat).

Once the SGD money is in Gemini, I buy the crypto and then withdraw it to my Nexo's wallet, where I can earn more APY.

I used to use Gemini Earn, but I realized crypto exchange APY is quite low (if not the lowest) compare to crypto lender such as Nexo.

You cant transfer SGD straight to Nexo or Celsius

You gotta buy BTC or ETH or whatever in binance.sg/ Gemini/ Coinhako then transfer that to NEXO or Celsius

Lin Yun Heng

16 Apr 2021

Senior Analyst at Delphi

You can't transfer SGD directly to Nexo or Celsius. You need to convert your SGD to crypto (eg. Bitc...

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