What is the most cost efficient way to deposit SGD fiat to FTX?

Am thinking of buying BTC/SGD pair using Gemini ActiveTrader and then withdrawing BTC to my FTX address before selling for USD. However have to wait 7 days as there is a new policy in Gemini. Does anyone have alternative suggestions? Thanks in advance!

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Tee-Ming Chew

22 Mar 2022

Co-founder at Seedly

If you have multicurrency account in your bank, you can actually convert your SGD to USD and then transfer that to FTX.

I use DBS Multiplier (Multi-currency) where I exchange to USD and transfer to FTX at zero fee. Can check that out

Reply

Save

Bobby Lee

19 Mar 2022

Investor at Investor@Singapore

If you're in a rush. Use Coinhako, you can buy something like XRP and send it do FTX. Their deposits are near instant even over the weekends.

Other way would be to use DBS Remit to deposit USD, however this needs around 1-2 working days which means it won't be until Tuesday till funds reach your account.

If you need a Coinhako referral link, feel free to use my referral link and you'll get lower trading fees!

https://www.coinhako.com/affiliations/sign_up/1...

Reply

Save

Write your thoughts