How To Buy Bitcoin Singapore – Buy Bitcoin In Under 5 Minutes

If you have decided to buy Bitcoin (BTC) in Singapore, you may wish to ask a lot of questions. This includes how and where to buy Bitcoin, which payment method to use, and the price of Bitcoin, among others. In addition,  you will want to know the Bitcoin and Crypto regulations in Singapore, what you will gain by buying Bitcoin.

This guide provides a detailed answer to these questions. It also gave a detailed explanation of the list of regulated brokers where you can safely buy Bitcoin in Singapore.

Buy Bitcoin at Capital.com –  Singapore’s #1 Platform

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  • No commission or hidden fees
  • Officially regulated by FCA, CySEC, and NBRB
  • Hedging mode available

How to Buy Bitcoin – Quick 4-step Guide

Buying Bitcoin in Singapore is easy. All you need is a regulated exchange or broker. There are a lot of Brokers to choose from, as we said earlier. But the best in Singapore is Capital.com. We will discuss these features in detail later. The four steps to buy Bitcoin in Singapore are outlined below;

  • Step 1: Open Account with Capital.com – Visit the Capital.com official website and click on the ‘start trading’ button. Use your details like name, address, email, etc., to open the account in a few minutes.
  • Step 2: Upload Your ID Uploading a copy of your government-approved identity card is very important to verify the new account.
  • Step 3: Deposit Funds Once the exchange approves your account, you will need to choose a payment method to fund your account. In Capital.com, you can use a debit card, credit card, ApplePay, Webmoney, or Bank Wire Transfer.
  • Step 4: Buy Bitcoin Simply hit the ‘Trade’ button, input your buy amount in SGD, and allow Capital.com to complete the rest. The exchange offers a zero transaction fee and two common buying options – Instant buy and Spot buy.

Where to Buy Bitcoin in Singapore – Choose a Broker

The best place to buy Bitcoin is with a broker, and many brokers list bitcoin in Singapore. As mentioned earlier, we will look at some of these brokers in detail, bringing out their unique features. The brokers to be discussed includes Capital.com, Avatrade, Binance, Coinbase, and Kraken,

1. Capital.com – Top Bitcoin broker with zero commission

Capital.com

Capital.com is a global CFD and forex broker with physical offices in Cyprus, London, and Belarus. It is referred to as a fintech company founded on April 7, 2016, with Ivan Gowan.

The company aims to enhance the world of finance by making it more helpful, accessible, and engaging.

This broker has lots of financial assets apart from Bitcoin. You can access stocks, commodities, ETFs, Forex, Indices, etc. Bear in mind that Capital.com allows investors to trade crypto as CFDs. So, you don’t have to worry about the storage or ownership of your Bitcoin.

Capital.com is regulated by the Financial Conduct Authority(FCA) UK and the National Bank of the Republic of Belarus (NBRB).

It’s also regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates in over 183 countries globally. Capital.com is regarded as a reliable broker because it’s regulated by the top-tier FCA.

Items Fee Fee Terms
Deposit 0 No Deposit fee
Withdrawal 0 No Withdrawal Fee
Trading fee $3.1-$6.4

(45.2SGD -93.46SGD)

varies
Inactivity low No inactivity fee

 

Pros

  • It has excellent customer support that provides a quick and detailed response.
  • The account opening process is easy, user-friendly, and fast.
  • It has low stock CFD fees.
  • It takes as low as $20 (27.04SGD) direct fund deposit, and $250 (338.01SGD) for bank transfers.
  • com charges a zero-commission fee for deposits and withdrawals.

Cons

  • The price alerts are not included in the web trading platform
  • The available product range is limited to CFDs like shares, cryptos, etc.
  • Minor account base currencies are also missing in the platform.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. AvaTrade – Best Bitcoin CFDs Trading Platform with tight spreads

AvaTrade website June 22

Avatrade is a regulated CFD and forex broker founded in 2006 with Daire Ferguson as the CEO. It’s among the first major brokers in the retail CFD and market and a member of the Ava Group. AvaTrade is regarded as a low-risk broker with the headquarter situated in Australia.

You can BUY and SELL Bitcoin on either the short or long positions on this brokerage site. Also, trades occur around the clock on the site, and you can choose any position you want to trade on Bitcoin CFDs. All it requires is to open an account on the platform, deposit your funds and open with the long or short position to commence trading.

It’s authorized by 3 tier-1 regulators (high trust), 4 tier-2 regulators (average trust), and 1 tier-3 regulator (low trust). The tier-1 regulators are the Japanese Financial Services Authority (JFSA) and the Australian Securities & Investment Commission (ASIC). It is also regulated by the Investment Industry Regulatory Organization of Canada (IIROC) via Friedberg Direct.

Items Fee Fee Terms
Deposit 0 No Deposit fee
Withdrawal 0 No Withdrawal Fee
Trading fee 0 No trading fee
Inactivity $50 (67.66SGD)

$12 (16.24SGD)

Per quarter

Annually

 

Pros

  • AvaTrade offers a zero deposit and withdrawal fees
  • It allows for alow minimum investment entry of $100 (135.35SGD)
  • There is a provision for an Islamic Account.
  • It has a competitive trading condition.

Cons

  • Avatrade has a high commission compared to other exchanges.
  • It charges for inactivity.
  • Users are required to pay an administration fee.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Binance – The best platform with high liquidity to Buy Bitcoin

Binance

Binance is among the largest brokers in the cryptocurrency industry based on its trading volume. It was formally based in Hong Kong, and the terms are governed by Hong Kong law to date.

The Binance exchange was founded in  China, 2017 by Changpeng Zhao, who is currently the CEO. The exchange has a trading volume of over $180billion (2,267.82billionSGD).

It’s in the same class as Coinbase, and its payment process is facilitated by a 3rd– party Silvergate. The new Binance US is meant for US citizens who cannot access the Binance, and it’s regulated by them.

Binance requires its users to enable the two-factor authenticator (2FA) as a security measure to safeguard their accounts. In addition, it ensures investor’s funds and gives them access to wallet address whitelisting and notifications.

You can buy Bitcoin or other cryptocurrencies using either your debit credit card. Also, if you want, you can make a direct transfer from your bank account. But bear in mind that you will incur additional fees for such, although not too high.

For trading purposes, you must verify your account with some important documents. Binance has been facing some regulatory pressures, but the CEO has mentioned that they’re ready to comply with authorities for a sustainable future.

Items Fee Fee Terms
Deposit

Debit/Credit card

Bank wire transfer

 

3% to 4.5%

$15 (21.90)

 

 

for U.S. Customers

Withdrawal $1 and $15 for fiat currency withdrawal
Trading fee $0.1 (1.46SGD)

$0.5 (7.30SGD)

Spot trading

Instant, buy and sell

Inactivity 0 No Inactivity fee

 

Pros

  • Binance is one of the biggest brokers in existence
  • Its interface is fast and user-friendly
  • The broker offers very low transaction fees, especially when you are trading on its native BNB tokens.
  • It ensures investor’s funds in case of security issues except those caused by the investor himself.
  • The exchange supports a wide range of crypto pairs.
  • It accepts a minimum trading amount of $10 (145.96SGD).

Cons

  • Binance doesn’t provide a detailed daily market analysis.
  • It’s not the best for beginners.
  • The trading platform does not support some traditional payment methods.

Or Visit Binance>

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Coinbase – Best Bitcoin broker with low fees

Coinbase is a leading crypto exchange in the united states and has become the beginner’s choice. It offers various products like advanced trading platforms, crypto investing, a wallet for real investors, and a U.S. dollar stable-coin.

It was developed in 2012 and has been fully licensed and regulated. It supports all the states in the U.S except Hawaii. Coinbase initially supports only bitcoin trading before adding other cryptos in the decentralized form.

The list of crypto in this exchange includes Litecoin, Ethereum, XRP,  Bitcoin Cash, etc., and it accepts a minimum fee of $2.0 (29.19SGD). However, Coinbase has a pro account with zero account opening fee, no inactivity fee, and other hidden charges.

Items Fee Fee Terms
Deposit

Debit/Credit card/PayPal

Bank wire transfer

 

$3.99 (58.24SGD)

$10 (145.96SGD)

 

 

varies

Withdrawal

Debit/Credit card/PayPal

Bank wire transfer

 

2.49%

$25 (364.91SGD)

varies
Trading fee 0.50% Per rade
Inactivity 0 For Coinbase pro.

 

Pros

  • Coinbase has a wide range of cryptos listed on its platform
  • It offers a very low minimum deposit amount of $2.0 (29.18SGD).
  • The exchange ensures investment funds in case of eventualities.
  • It has a simple interface for new investors.

Cons

  • Coinbase fees are higher than other brokers.
  • It doesn’t allow you access to private keys when you store cryptos in your account.

Or Visit Coinbase>

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Kraken – User-friendly platform for Bitcoin transactions

Kraken is another exchange or broker where you can buy bitcoin in Singapore. Here you can buy or sell bitcoin and other cryptos using different fiat currencies, including the popular US dollar. Kraken exchange was founded by Payward Inc in 2011 and began trading operations in 2013.

The CEO and the co-founder Jesse Powel manages the exchange, and it lists popular cryptos like Bitcoin and Ethereum. The best part is that the fees are low, and the platform suits both beginners and professional bitcoin investors.

The broker allows for easy transfer of funds to and from investor’s bank accounts. And the movement of cryptos to and from the digital wallets of the user’s linked trading accounts. However, it does not have any fixed minimum amount; it varies with the investor’s crypto option.

Items Fee Fee Terms
Deposit

Debit/Credit card

Bank wire transfer

 

3.75% +€0.25

0 – $10

(0-145.96SGD)

 

 

varies

Withdrawal

Bank wire transfer

 

 

$4- $35

(58.36SGD – 510.58SGD)

 

 

varies

Trading fee 0% to 0.26% Per trade
Inactivity 0 For Coinbase pro.

 

Pros

  • Kraken trading platform has no hacking history; it has very strong sec
  • It gives you access to a wide range of cryptos
  • Accessible in many countries.

Cons

  • Kraken fees are high for new investors.
  • It has no tax s
  • The platform’s customer support service is limited.

Or Visit Kraken>

67% of all retail investor accounts lose money when trading CFDs with this provider.

Why Buy Bitcoin in Singapore?

Residents of Singapore have different individualistic reasons for buying Bitcoin. Below are the expansion of these reasons. You can make your evaluation and decide if you’ll achieve your goals by buying Bitcoin.

Extraordinary financial gain

Just like traditional stocks, Bitcoin price always fluctuates. Despite its unsteady price swing, Bitcoin has made a tremendous and extraordinary gain in price since its launch in 2009. The financial returns from investing in Bitcoin are way out of the league in comparison with that of a conventional stock.

As at the time of its launch, the value of Bitcoin was worthless. Up to 2011, the price of Bitcoin came to $1 per token. However, with the space of few years, the value of this digital asset has made an exponential increase.

Just in 2021, the price of Bitcoin rose above $60,000, signifying over a 60 million percent increase in value. Such growth is not obtainable for any traditional stock within a decade.

For instance, suppose you invested 1,000 SGD in Bitcoin as of 2011 at the price of $1 per token. By 2021, you will be getting about 59 million SGD, an extraordinary gain for any financial investment.

Though the price of Bitcoin may never fall so low, it’s still unpredictable. However, following the recent trend in Bitcoin’s price behaviour, you can benefit from its value of worth.

A great solution in the remittance industry

Before now, making effective remittances in Singapore has posed a challenge to the remittance industry. From the issue of exorbitant fees to delays in the receipt of funds, the problems are numerous.

The emergency of Bitcoin and its supporting blockchain technology bridged the gap in the remittance industry. Just with a click, you can send Bitcoin from your wallet, and the receiver gets the funds in a few minutes. There is no stress in the transaction process, and you can even complete it right within the comfort of your home.

Furthermore, the recipient’s location doesn’t affect the transfer, and the transaction fee is minimum. Moreover, there are no third parties that will take a huge chunk of the funds.

Digital Store of Value

Conventionally, people use assets such as real estate, gold, silver, and fine arts as stores of value for their money. Through its progressive growth, Bitcoin has the attributes of a traditional store of value.

From its technological configuration, Bitcoin has a maximum supply of 21 million, of which about 18 million is already in circulation. The limited availability of the asset creates a sense of scarcity and inflation which is an attribute of a store of value.

Furthermore, the idea of Bitcoin as a store of value is the fact that many investments in it are long-term. Just like real gold, several investors hold Bitcoin not just as a payment method but to keep the funds. Hence, it’s treated as digital gold.

Buy Bitcoin in Fractions

Without a clearer understanding, one may believe that he can only buy Bitcoin as a whole token. That means that following the current price of the cryptocurrency, $39,670.32, you’ll need a whopping sum of 53,608.54 SGD for just one Bitcoin.

However, this isn’t the case. As a digital asset, Bitcoin is sold in smaller fractions. So, you can conveniently buy any amount based on your available funds. Through a reputable broker like Capital.com, you can buy Bitcoin using as low as $20 (27 SGD).

Super-Liquid Asset

Another great benefit why people buy Bitcoin in Singapore is the super-liquid nature of this digital asset. It’s very easy to sell or trade this digital asset and get back your fiat currency any time. There are no delays in the trading platforms and market for Bitcoin; they run 24/7.

Also, being the foremost and the largest cryptocurrency, the liquidity, and trading volumes for Bitcoin is mostly on the surge. This is completely incomparable with the volumes in stock exchanges. Hence, you will always have interested buyers.

Safest Ways to Buy Bitcoin in Singapore

When you’re planning to buy Bitcoin in Singapore, here are the safest ways to go about it.

Buy Bitcoin with PayPal

The use of PayPal for buying Bitcoin is safe means for purchasing your cryptocurrency. Most trusted and reputable platforms such as Capital.com support the use of Paypal as a payment option when buying Bitcoin.

Also, the use of Paypal in buying Bitcoin is both cost and time-effective. There is no fee when you buy Bitcoin with Paypal on Capital.com. Furthermore, the deposit is instantly credited to your account. There are no waiting periods. So, you have first to open an online account on the platform. Then, you will complete your account verification process by uploading your ID and recent utility bill. Then, you can proceed and deposit some funds using your Paypal and go ahead to buy Bitcoin.

You must remain vigilant of some unregulated platforms that also trade on Bitcoin using Paypal. They usually demand peer-to-peer transfers with Paypal before you can buy Bitcoin. Always remember that frauds, scams, and hacks are not too far from such platforms.

Buy Bitcoin with PayPal Now >

Buy Bitcoin with Credit Card

Though using your credit card to buy Bitcoin in Singapore is safe, not every platform encourages it. Some platforms, such as Coinbase, outlawed it because it is a borrowed fund.  Since the price of Bitcoin can swing unpredictably, a fast dip will be devastating. However, irrespective of whatever happens, the credit card will still get full payment. So the broker believes that such funds can pose a risk for the company.

However, where you desire to buy Bitcoin using a credit card, Capital.com supports MasterCard and Visa payments. The transfers are also fast without delays.

Buy Bitcoin with Credit Card Now >

Buy Bitcoin with Luno

Luno is a cryptocurrency platform that offers instant buy/sell services and full order books in Singapore. So whether you’re a primary investor looking for a simple means of buying/selling cryptocurrencies or a professional trader, you’ve got Luno.

The Luno platform is both on the web and as a mobile app for easy access. Use the following steps to buy Bitcoin with Luno:

  • Open an online account, Luno.
  • Verify your account using your ID and other necessary documents.
  • Deposit SGD through an Xfers wallet.
  • Buy Bitcoin instantly.

There is no fee for depositing funds into your account. However, charges may apply as you buy Bitcoin using Luno.

Buy Bitcoin with Debit Card

A debit card is one of the widely used payment options for buying Bitcoin in Singapore. This is because transfers through a debit are very fast and instantaneous and are safe. Also, with a broker like Capital.com, using a debit card for buying Bitcoin is free.

However, some platforms have very high fees for deposits through debit cards. For instance, Coinbase charges as high as 3.99% for transfer through debit cards while Coinmama takes 5%.

As debit card transfers are always fast, you can buy Bitcoin immediately after you deposit your funds.

Buy Bitcoin with Debit Card Now >

Risks of Buying Bitcoin in Singapore

Before taking a plunge in Bitcoin investment, it’s pertinent that you understand the essential facts about this cryptocurrency. Remember, the digital asset industry is a speculative one full of uncertainties. There are bound to be risks when investing in it.

Here are some risks you should review when buying Bitcoin in Singapore:

High Volatility

The value of Bitcoin is high speculative and thus, keeps fluctuating always. You can see an increase in the price of Bitcoin to over 10% just within a single day. Similarly, the fall in price gives no notice to investors. A price drop could bring a slash of about half your investment amount.

For instance, a study on the price trend reveals that Bitcoin made a 50% dip in 2020 within a few weeks. The price plummeted from $10,000 to $5,000.

The general slogan in Bitcoin investment is to ‘invest only the much you can afford to lose.’

Regulation

There is still no third party that controls the processes in Bitcoin transactions. The digital asset is built with a technological algorithm that empowers its transaction without any external interference banks and others. So Bitcoin and all blockchain applications are self-regulated.

Some governments may restrict the use of their fiat currencies in Buying Bitcoin, which could be unfavorable. For instance, China’s crackdown on Bitcoin mining in the country causes a drastic decline in the price of Bitcoin. However, it may be impossible to stop citizens from trading this digital asset completely.

Whichever way, it’s important to monitor the events surrounding authorities and the cryptocurrency industry. This will help you to know the possible price trend for Bitcoin.

Security

The type and level of storage you provide for your Bitcoin tokens determine the kind of security you will get. When you fall short on your security, you stand the risk of losing your digital asset. You can either store your Bitcoin tokens on the purchasing platform or in a private wallet. Both storage options have the risk associated with them.

When you move to a private wallet, you can sole responsible for the security of your funds. The two major ways to lose your funds in a private wallet are:

  • If there’s a compromise in your private keys
  • When you mistakenly input a wrong wallet address while transferring your funds.

On the other hand, leaving your money on unregulated platforms exposes your funds to hacks and fraud. To ensure maximum security, you should trade on regulated platforms. For example,   Capital.com is under strict top-tier agencies – the FCA, CySEC, and ASIC. The platform uses its institutional security and insurance to protect your funds.

Buy Bitcoin in Singapore – Capital.com Guide

Capital.com is one of the best brokers to register with if you are a Singaporean and wish to invest in Bitcoin. As mention earlier, it is fast and easy to operate and will take almost a zero commission charge from you. The following steps below will guide you through the process.

Step 1: Open an Account with Capital.com

With your mobile or desktop browser, type  Capital.com to enter the webpage, then click on the ‘sign up ’ icon. The account opening form will pop up on the display screen. Fill the form carefully, providing your details like name, address, email, etc. You will be required to verify your address and identity as part of the KYC (know your customer) process.

Step 2: Upload Your ID

To complete the KYC process, you will need to upload a copy of your government-approved identity card. It could be your National Registration Identity Card (NRIC), Singapore passport, or driver’s license.

You also need to verify your residential address by uploading a copy of your recent utility bill or bank statement. Capital.com typically approves the KYC instantly, except on a few occasions when you need to wait for a few days.

Step 3: Deposit Funds

Once the exchange approves your account, choose a payment method and ensure that Capital.com supports it. Then, fund your account carefully, following the display instruction with either a debit/ credit card, ApplePay, or Bank Wire Transfer. For credit/debit cards and Apple Pay,  the minimum deposit amount is $20 (27.04SGD) and $250 (338.01SGD) for bank transfers.

You may need to pay more fees if you are using only a credit card, the charges accumulate quickly, and some exchanges may not even accept it. It is generally not the best option for beginners because you will also pay interest in addition to the fees.  Capital.com allows you to change your payment method so long as you are okay with the deposit amount.

Step 4: Buy Bitcoin

Once you confirm the fund in your account, click on the ‘Trade’ button and select bitcoin from the draw-down option. Input the amount you wish to spend and confirm the transaction details before clicking ‘proceed.’ You can input any amount you want. Agree to the terms and conditions and then click ‘Trade’ to complete the transaction.

There is no specific amount of money that you must have to invest in Bitcoin. You can buy with any amount you want, even with just $10 (13.52SGD). In Instant buy, the exchange acts like a broker offering you the Bitcoin directly at a given price.

While in Spot buying, all the bitcoin users trade with each other with their agreed set price- the spot market. The buyer and seller in the spot market agree on the price to buy and sell respectively before making transfers.

Bitcoin Price Analysis

Though Bitcoin is traded in various fiat currencies, USD remains the dominant fiat for Bitcoin analysis.

The trend in the price of Bitcoin is similar to what is obtainable with other conventional commodities trading in USD. So, our analysis for this digital asset will be with USD.

Seven years preceding its first exchange, Bitcoin surged to $1,000 in 2017. This signifies the year for a greater attraction of the majority investment from the public. Gradually, through the year, the cryptocurrency passed the $2,000. It eventually hit the $20,000 mark by December 2017.

The following year 2018, brought a dip to $10,000 within February and finally down to $3,000 at the year-end. The volatility of the digital asset continues in 2019 as the price came to $7,000 by the end of 2019.

By March 2020, Bitcoin dropped again to $5,000, majorly due to the Covid-19 global pandemic. However, it later picked up and continue in an upward trend to top the previous all-time high, reaching $29,000 by 2020 end.

Bitcoin continued its surge in 2021 touch above $57,000 in February. This’s partly due to Tesla’s investment of $1.5 billion in this cryptocurrency. The price moves up to $60,000 in March, finally hitting the new all-time high of about $65,000 in April 2021.

Since then, the price of Bitcoin has made a drastic drop to get below the $30,000 mark. One of the contributing factors is Elon Musk’s suspension of Bitcoin as Tesla’s payment option. The next is China’s crackdown on Bitcoin mining in the country.

Though the BTC is gradually picking up, its price depicts some critics’ statements – the vulnerability and volatility of Bitcoin.

There is no certainty for the next trend of the price. It can get influenced by basic demand and supply in the crypto market. Once the number of buyers increases, the price will proportionally increase.

Another contributory influence on Bitcoin’s price is positive/negative news about this digital asset. However, Bitcoin’s price is $38,762.05 at the time of writing.

Bitcoin Price Prediction

The volatility and fluctuation in the price of Bitcoin consistently show its speculative nature as a digital asset.

Following its dip to $31,637.78 on 25 June 2021, the price of Bitcoin suddenly rises to $32,186.28.47 the next day.  Since then, Bitcoin has been on the swing of up and down till 21 July 2021, when it rises from $29,796.29 to $32,110.69.

The price maintained a consistent rising from 21 July to 29 July 2021 to close the day at $40,008.42. This shows that despite going beyond the benchmark of $30,000, Bitcoin still has what it takes to increase in value.

As of October 19th 2021, the first Bitcoin Futures ETF was launched – setting a new milestone for the cryptocurrency industry. This catalyst towards mainstream acceptance now gathers global attention as Bitcoin Price begins to break towards and above $63,000 once more.

Selling Bitcoin: A Quick Overview

There are two ways for you to sell your Bitcoin tokens. The first is selling for fiat currency. Secondly, you can exchange for another digital asset. We present you with the guide for any option you choose.

Selling Bitcoin for Fiat Currency

When you decide to sell your Bitcoin for fiat currency, you will need broker/exchange services. One of the top exchanges you can use to sell Bitcoin in Singapore is Binance.

One of the major benefits of using Binance is that you leave your money on the platform after the sale. Thus, the company keeps your money stable and fungible. This allows you to trade them for more profit on various altcoins.

Use the following steps in selling Bitcoin for fiat currency at Binance exchange:

  • Visit the official website, Binance.com, and create your online exchange account. The process is very simple and fast to complete within a few minutes. If you already have an account, just log in.
  • Click the BUY CRYPTO button on the top menu by your left-hand side. Then, select Cash Balance.
  • Click the SELL CRYPTO button.
  • Select BTC.
  • Input the amount of BTC you are selling.
  • Choose the fiat currency you will receive. The total amount for the BTC sale will display by the left.
  • Click the NEXT button.
  • This takes you to the Sell Preview. Continue by clicking SELL.
  • Confirm your sell order by clicking the CONFIRM button.

And there, you are done. You will see your fiat currency reflecting on your Fiat Wallet on the platform.

Selling Bitcoin for Another Cryptocurrency

To sell for Bitcoin token for another cryptocurrency, it follows the same steps as for fiat currency. The difference is that you will select your desire digital asset instead of fiat currency.

Use the following step to exchange your Bitcoin for another crypto:

  • First, log in to your Binance exchange account.
  • Click the BUY CRYPTO button and select the cash balance.
  • Proceed by clicking the SELL CRYPTO button and select BTC
  • Then select the crypto pair that match what you want. For example, you can select BTC/ETH or BTC/XRP if you want to exchange for Ethereum or Ripple, respectively.
  • Enter the amount of BTC you want to sell or the amount of the other crypto you want to buy.
  • Confirm your exchange order
  • Conclude by clicking the CONFIRM button

Conclusion

From this guide on how to buy bitcoin in Singapore, it is evident that the process is not difficult. The cost, time, and security solely depend on the broker and the payment method you choose.

Brokers like Capital.com offer beginners almost zero transaction services that are fast and user-friendly. As a result, the broker is fast becoming the preferred choice for new Singaporean investors.

It has a wide range of cryptos listed on its platform, and top-tier FCA fully regulates it. Like other regulated exchanges, the exchange accepts various payment methods like Debit/Credit card,  Bank wire, PayPal, Apple pay, etc. Similar to the Binance exchange, Capital.com takes as low as $20 (27.04SGD) direct fund deposit and $250 (338.01SGD) for bank transfers.

There are other exchanges that Singaporeans can register with to buy bitcoin, as discussed in this guide. Their registration processes are similar, and almost all of them will require you to verify your detail by uploading your ID.

Note that the ID must be government-approved; the exchanges are Avatrade, Binance, Coinbase, and Kraken. Feel free to visit the webpage of any of these exchanges if you need more information.

We hope you find this article interesting and informative. We recommend that you always do thorough research before investing your fund in any cryptocurrency.

Best Platform to Buy Bitcoin: Capital.com

1
£20Exclusive promotion
Our score10
  • No commission or hidden fees
  • Officially regulated by FCA, CySEC, and NBRB
  • Hedging mode available

FAQs

How to Buy Bitcoin in Singapore?

Where to Buy Bitcoin in Singapore?

Is Bitcoin A Good Investment?

Is Bitcoin Safe To Invest In?

How to Sell Bitcoin?

About Asad Gilani PRO INVESTOR

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.