The Best Crypto Exchanges in Singapore (Updated in 2024)

Singapore has emerged as a leading hub for the best crypto exchanges, offering a vibrant and supportive ecosystem for digital asset trading. The country’s advanced infrastructure and tech-savvy population have enabled several of the best online crypto exchanges to thrive within its borders. In this article, we’ve compiled a comprehensive list of the best crypto exchanges in Singapore for both new and experienced cryptocurrency traders.

Key takeaways:

  • The best crypto exchange in Singapore is MEXC, known for its extensive range of supported digital payment tokens, followed by OKX,, Huobi, Kraken, Coinhako, Gemini, and Luno.
  • Learning how to trade crypto in Singapore is a simple 3-step process that involves signing up, logging in, and picking a purchase method.
  • Singapore is known for its progressive and supportive regulatory approach to cryptocurrency trading.

List of the Best Crypto Exchanges in Singapore

Singapore has some of the best crypto exchanges for digital crypto investors to choose from. Below is a list of the top crypto exchanges in Singapore that you can consider:

  1. MEXC: Best overall crypto trading platform in Singapore
  2. OKX: Best Bitcoin exchange in Singapore
  3. Best daily trading crypto exchange in Singapore
  4. Huobi: Best crypto exchanges for margin trading in Singapore
  5. Kraken: Best regulated crypto exchange in Singapore
  6. Coinhako: Best crypto exchange in terms of security in Singapore
  7. Gemini: Best crypto exchange for a great user experience in Singapore
  8. Luno: Best crypto trading app in Singapore

Best Crypto Trading Platforms in Singapore: Review


What is MEXC?

MEXC is a cryptocurrency exchange and trading platform that is based in Singapore and has recently gained popularity as the best crypto exchange in Singapore and global digital asset trading.

When you compare crypto exchanges, you’ll discover that MEXC is a significant player in the crypto market, as it caters to a user base exceeding 10 million individuals across more than 170 countries.

But even with such an extensive user base, MEXC has proven time again that it can handle high transaction volumes, making it a preferred environment for all types of crypto traders seeking a responsive trading environment.

MEXC offers a wide range of trading services and the exchange supports a broad selection of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), to name a few.

MEXC offers a host of learning resources for those looking to learn more about the cryptocurrency exchange platform and crypto in general. Their starting guide is an excellent tool for beginners while the MEXC blog caters to both beginner and advanced crypto traders.

When it comes to futures trading fees, MEXC charges a reasonable rate of 0.00% for makers and 0.02% for takers. In spot trading, the trading fees are  0.00% for both makers and takers. 

Pros of MEXC

  • User-friendly interface
  • 24/7 customer support 
  • Supports a wide range of cryptocurrencies
  • Great mobile app on iOS and Android.

Cons of MEXC

  • Technically advanced trading tools that are not beginner-friendly

2. OKX

What is OKX?


With millions of users across 100+ countries, OKX is one of the largest top crypto exchange platforms globally, boasting partnerships with prominent brands and sports teams such as Manchester City, McLaren, and the Australian Olympic Team.

This platform uses cutting-edge blockchain technology to enhance cryptocurrency investment in Singapore among traders.

OKX in Singapore provides a wide range of trading pairs, including major cryptocurrencies like Bitcoin (BTC), Polkadot (DOT), and Ethereum (ETH).

Traders can also enjoy low trading fees that are determined by factors such as your trading volume over a 30-day period and your assets. In general the greater your trading volume and assets, the lower your maker and taker fees.  At OKX you can also have access to an array of DeFi products, lending, mining, NFTs, and a premium OKX wallet.

Pros of OKX

  • Low trading fees (about 0.10%)
  • Traders can learn with a demo account
  • Extensive library of tutorials for every type of trader
  • Wide range of purchasing methods

Cons of OKX

  • Less established coins are rarely listed on the platform


What is

Cryptocom Homepage is a cryptocurrency platform that was established in Hong Kong in 2016 and has since grown to become home to over 70 million crypto users in up to 90 countries. 

The platform allows you to engage in spot trading involving over 250 currencies including popular names such as BTC, ETH, DOGE, and DOT. also functions as a marketplace for Non-Fungible Tokens (NFTs), allowing you to explore the world of digital assets all under one roof. 

From an overall standpoint, in Singapore is well-suited for users inclined to frequent buying, selling, and trading of crypto assets. The platform’s intuitive interface simplifies the process, allowing users to execute transactions swiftly and efficiently.

Additionally, provides real-time cryptocurrency market data, charting tools, and a range of order types to meet diverse day trading strategies.

Currently,’s website and mobile application are legally operating in Singapore, which means that the platform has met legal and regulatory compliance requirements according to the Monetary Authority of Singapore and other well-known bodies.

Pros of

  • Advanced levels of security including insured storage
  • Offers a good variety of payment methods 
  • Has a user-friendly mobile application
  • Over 250 crypto assets to choose from

Cons of

  • Has suffered a major security breach

4. Huobi

What is Huobi?

Huobi Global Homepage

Huobi is a cryptocurrency trading platform that was founded in China but later relocated its headquarters to Singapore. Huobi provides a diverse array of payment options, backs various fiat currencies, and maintains low fees set at a mere 0.2%. 

With a selection of over 500 top-notch cryptocurrencies currently accessible for trading, Huobi, Singapore asserts its reach to tens of millions of clients spanning over 100 countries.

Huobi offers a variety of crypto services to its users, including spot trading, margin trading, futures trading, copy trading, staking, crypto loans, and more.

Additionally, it facilitates initial coin offerings (ICOs) and boasts a diverse range of 606 digital assets and 690 trading pairs on its platform. The platform features a native token, Huobi Token (HT), used for purposes like fee discounts, rewards, and exclusive event access.

HT holders also have the opportunity to participate in Huobi Prime, a platform enabling the purchase of new tokens at discounted rates before their official listing on the crypto exchange.

Pros of Huobi

  • A wide selection of crypto coins 
  • 24/7 customer service support
  • Excellent social media presence
  • High level of security

Cons of Huobi

  • May be too advanced for beginners

5. Kraken

What is Kraken?


Kraken is a popular Singapore crypto exchange platform that allows users to buy, sell, and trade a wide range of cryptocurrencies at some of the lowest trading fees in the market with a maximum rate of 0.26% per trade.

Kraken in Singapore offers a variety of trading pairs, allowing users to trade cryptocurrencies against fiat currencies such as the US Dollar, Euro, Canadian Dollar, and even the Japanese Yen.

Kraken also facilitates a straightforward process for converting fiat currency to cryptocurrency, standing out as one of the few crypto exchanges permitting direct USD bank transfer.

For seasoned crypto investors, Kraken in Singapore provides advanced features, including margin trading with up to 5x leverage and a staking option that rewards you for holding a supported digital payment token in your Kraken account.

Kraken has not one, but two apps for its users. Kraken, the app, is better suited for users who are new to crypto and those who love a simple and easy-to-navigate interface that allows quick completion of trades. 

Kraken Pro is the more advanced version of Kraken with complex tools and features that are better suited for professionals and more experienced traders.

Kraken Vs Kraken Pro

Additionally, Kraken offers over-the-counter (OTC) trading for substantial orders, ensuring accessibility around the clock and the opportunity to execute trades with a dedicated Kraken representative.

Pros of Kraken 

  • Mobile apps available
  • Great selection of customer support options
  • Simple and easy-to-use interface
  • Educational material for beginners is available

Cons of Kraken

  • Limited fiat currency options

6. Coinhako

What is Coinhako?

Coinhako Homepage

Since its inception in 2014, Coinhako has stood as a reliable and user-friendly platform for crypto trading in Singapore and most of the Asian continent. 

The exchange supports 67 popular cryptocurrencies such as BTC, ETH, DOGE, and DOT. While this may be a small number when compared to a Singapore crypto exchange like Huobi, you can be sure that you’ll find the most used coins in the cryptocurrency market.

You can also trade these coins against major fiat currencies like the Singapore Dollar (SGD) and Indonesian Rupiah (IDR).

This crypto platform prioritizes security and since its invention, there have been no major security breaches or threats to crypto assets.

Additionally, the platform has partnered with HackerOne, a platform where ethical hackers try to find vulnerabilities in platforms such as Coinhako to work on them before they’re exploited by unethical hackers.

Coinhako also uses two-factor authentication (2FA) and cold storage for cryptocurrencies, guaranteeing the security of your digital assets, and shielding them from potential threats.

Pros of Coinhako

  • User-friendly interface
  • Great mobile app
  • No deposit fees
  • Allows instant SDG deposits

Cons of Coinhako

  • Relatively limited cryptocurrency selection

7. Gemini

What is Gemini?

Gemini Homepage

Gemini is a Singapore crypto exchange and custodian platform founded by Cameron and Tyler Winklevoss, who are well-known for their involvement in early developments related to Bitcoin. 

Gemini provides a reliable for high-speed trading thanks to their ActiveTrader feature. ActiveTrader is also well-equipped to handle advanced charting, numerous trading pairs, and order types.

Gemini has also positioned itself as a platform that prioritizes its security, with accreditation from the MAS and close to $200 million in insurance for its users.

The platform also has a dedicated app that allows for easy navigation through various trading pairs, displays real-time market data, and provides advanced charting tools that empower you to make informed decisions in the fast-paced trading environment.

Pros of Gemini

  • A wide range of cryptocurrencies is available
  • Has its own crypto wallet
  • Mobile app available
  • Extensive educational tools for beginners are available

Cons of Gemini

  • Limited customer support service

8. Luno

What is Luno?

Luno Homepage

Luno is a well-known cryptocurrency exchange especially because of its intuitive mobile app. Currently, the Luno app has been downloaded over 10 million times on the Play Store alone. The app boasts a user-friendly interface that allows seamless navigation between menus and features. The charts and data are also well presented making it a great environment for beginners.

The app and web platform support the most popular crypto coins,  like Bitcoin BTC), Ripple (XRP), Solana (SOL), and Ethereum (ETH).

You can also use the Luno exchange to trade the available cryptocurrencies against fiat currencies like the US Dollar, British Pound, and the Euro. 

Luno is an extremely secure platform thanks to the use of advanced security measures like encryption, cold storage, multi-signature wallets, and proof of reserves.

One of its most useful features is the Dollar Cost Averaging (DCA) feature for automated investing on a predetermined schedule. With DCA, you can reduce the impact of market volatility by consistently investing a fixed dollar amount at regular intervals, regardless of the current share price.

Pros of Luno

  • User-friendly interface that’s great for beginners
  • Advanced level security
  • Learning tools to enhance trading
  • Mobile app available

Cons of Luno

  • There are few cryptos to trade

How to Buy Crypto and Bitcoin in Singapore

Learning how to buy crypto in Singapore, including Bitcoin, is a straightforward process facilitated by a well-regulated financial environment and the presence of various cryptocurrency exchanges, like MEXC. In this part, we’ll explain how to buy Bitcoin and crypto in Singapore by focusing on the buying process for MEXC since there is little difference in the process across the various crypto exchanges. 

  1. Sign up

(Step to create MEXC account. Source: MEXC)

To purchase cryptocurrencies such as Bitcoin, the first step is to create a free account with a crypto exchange platform. On a reputable exchange as MEXC, you can sign up for an account on the MEXC website by clicking “Log In/Sign up” at the top of your screen”.

The process is relatively quick and only requires an email address or phone number and account verification using a code that’ll be sent to your email address. Once you register, you’ll automatically be logged in.

  1. Choose your payment method

Navigate to the top left of the MEXC website and select the “Buy Crypto” link. This will display the available purchase methods applicable to your region.

Payment Method On Mexc

The different payment options on MEXC include:

  • Debit or Credit card payments: This is the simplest method to trade Bitcoin on MEXC for newcomers. The crypto platform accommodates payments through both Visa and MasterCard thereby providing the convenience of bank transfer.
  • P2P or OTC trading: You can get Bitcoin directly from fellow users through MEXC’s peer-to-peer service. This globally available top-notch service ensures a secure and supported experience. Every order and transaction is safeguarded by Escrow and MEXC for added protection.
  • Global bank account transfer: Deposit USDT instantly through SEPA with zero fees and make a spot trade to acquire Bitcoin promptly.
  • Third-party payment: MEXC offers a variety of payment services such as Simplex, Mercuryo, and more, ensuring you access the optimal spot trade for Bitcoin trading in Singapore.
Third Party Payment Options On Mexc

For a more seamless transaction experience, consider initially buying a stablecoin such as USDT and subsequently using that digital asset to purchase Bitcoin on the spot market.

Conclusion: Is Crypto Legal in Singapore?

Singapore has taken a progressive and supportive approach to the regulation of digital currencies and blockchain technology, and hence numerous crypto exchanges are not only surviving but thriving in this vibrant city. 

The best exchanges in Singapore include MEXC, OKX,, Huobi, Kraken, Coinhako, Gemini, and Luno, and this is based on factors such as fees, features, security, and much more. Whether you’re a beginner or an advanced professional in the crypto world, registering with one or more of these exchanges will lead to a seamless and safe trading experience that also comes with sophisticated tools to boost your trading outcomes. 


Which is the best crypto exchange in Singapore?

The best crypto exchange in Singapore is MEXC. With its broad cryptocurrency selection, security features, advanced trading features, and positive customer reviews, it outshines most crypto exchanges. Other top Singapore crypto exchanges include OKX, Huobi in Singapore, Kraken, and

Determining the best crypto exchange can depend on factors such as trading preferences, security measures, supported cryptocurrencies, trading fees, and user interface. So, always practice caution and conduct thorough research before engaging with any crypto exchanges. Additionally, regulations from the Monetary Authority of Singapore may evolve, so it’s advisable to check the latest information and user reviews before deciding.

Which crypto exchange has the cheapest trading fee in Singapore?

MEXC crypto exchange has the cheapest trading fee in Singapore. Its cost-effective and competitive trading fees are set at 0.00% (maker and taker). 

Is Singapore a crypto-friendly country?

Singapore is a crypto-friendly country because of its vibrant crypto ecosystem and accommodating regulatory framework. Acknowledging the economic and social possibilities presented by cryptocurrency, the government actively aims to cultivate a regulatory climate conducive to its integration into Singapore’s financial sector. 

While recognizing the potential, the government also exercises prudence in identifying risks related to aspects like consumer protection and anti-money laundering, thereby addressing these risks comprehensively.

Can foreigners buy crypto in Singapore?

Foreigners are very welcome to invest in crypto in Singapore as the country allows them to trade crypto within its borders. 

The regulatory environment in Singapore is generally open and inclusive, allowing individuals from around the world to participate in the cryptocurrency market.

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