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Which would you choose to use for buying bitcoin, Binance.com or Binance.sg?
Apart from being able to transact directly using SGD, is there any other advantage for using binance.sg over binance.com? I note that the commission rate for binance.com is much lesser. binance.com (0.1% per transaction) versus binance.sg (0.6% per transaction). On surface it seems like it is much cheaper to transact over binance.com, albeit more tedious. Is there any other advantages of using binance.sg?
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Rahul Wadhwa
31 Dec 2020
Student Ambassador 2020/21 at Seedly
Hi ZhiHao,
An additional benefit is that they are recognised by MAS. This means more accountability in case anything were to go wrong. However, the additional regulation also means that you can only acquire 30k worth of crypto. Once you hit the limit, like Yun Heng mentioned, you can go to binance.com
Also, binance.com has suffered from security incidents but binance.sg was not.
A downside is that the binance.sg version is not supported in the Binance mobile app.
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Lin Yun Heng
31 Dec 2020
Senior Analyst at Delphi
Use .com once u max out the 30k limit on .sg...
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I personally prefer binance.com. You can purchase BTC straight using credit/debit card. You can also use their P2P trading which sometimes has really good rates for BTC.