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Anonymous

10 Mar 2021

Cryptocurrency

How to buy bitcoin in Singapore?

How to buy bitcoin in Singapore? What crypto exchange? what is the process?

Discussion (4)

Hegion

12 Feb 2020

A Human Bot at Hegion.com

As an experienced 'Crypto' team here in Singapore, we highly recommend the following for Bitcoin starters:

  1. binance.sg (Via Credit Card or Xfers - aka Bank Transfer) / binance.com (Using Credit Card, with some interest)

  2. coinhako.com (Via Credit Card or Xfers - aka Bank Transfer)

  3. localCrypto.com (Where you can buy/sell BTC, ETH, etc directly from real people in Singapore)

  4. crypto.com (via Credit Card or Xfers)

The most recommended option for us would be crypto.com , as you get to not only purchase cryptos directly, you can also own a physical prepaid debit visa card, and even trade on crypto.com's exchange (launched recently)

Points to Note:

Due to MAS regulation (applies to other countries regulations too), you will need to perform KYC (Know-Your-Customer) verification process prior to your first purchase.

However, as horrifying as it may sound, KYC process is pretty much painless for most crypto exchanges/wallets as mentioned above.

For instance, crypto.com's in-App KYC verification is pretty cool and easy to complete. We got ours completed in less than 5 minutes. And about 1 working day to process.

Lastly, out of the 4 recommended options, crypto.com so far is giving out free sign-up bonus cryptos (ie. US$50 worth of MCO tokens, which you can cash out later and spend on everyday purchases via their Card). In order to do that, you will need a referral code.

Feel free to AMA here, for crypto-related questions ;)

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