6 Best Crypto Exchanges in Singapore For 2024

Singaporean users have plenty of choices when it comes to cryptocurrency exchanges. Virtually all of the most popular exchanges operate in the country (apart from Binance and KuCoin), so it can be a bit challenging to decide which to use.In this article, we are going to examine the best crypto exchanges in Singapore and explore their main features to help you decide which is the top choice for you.In the following sections, we are going to examine the best cryptocurrency exchange available to Singaporean users. Keep in mind that the ranking doesn’t necessarily mean that one exchange is better than the other, but it instead reflects this author’s opinion on the matter.Kraken is one of the pioneers of cryptocurrency trading. The exchange has been serving clients since 2011, and in that time, it has suffered no major attacks or hacks, which speaks volumes about its security. In addition, the platform supports a wide range of crypto assets, ranging from large market cap coins like Bitcoin and Ethereum to lesser-known and smaller altcoins like Waves and Zcash.Kraken is widely considered one of the best crypto exchanges in the industry thanks to each rich selection of products and services. In addition to spot markets, the platform offers futures trading, margin trading, NFT features, a selection of passive income options, and more. According to Bloomberg, the company is preparing to launch stock trading in the near future as well, which could give it a unique advantage over its competitors in the space.If there’s anything worth criticizing when it comes to Kraken’s offering in Singapore, it is the lack of support for the Singapore Dollar, which means that users have to use USD, EUR, GBP, or some other supported fiat currency to deposit and withdraw money from the exchange.Key features:Visit KrakenCoinbase is widely regarded as one of the best exchanges for beginners, thanks to its simple user interface and great mobile applications. From the security standpoint, Coinbase is very similar to Kraken, with both exchanges offering robust security that has never been breached in any sort of meaningful way so far.Coinbase is the only exchange on our list that is publicly traded (under the ticker symbol COIN), which means that it’s subject to a greater deal of regulatory scrutiny than its competitors. In practice, that means that users’ funds are safer, as the exchange has to file numerous reports and undergo audits that other competitors don’t have to.While this article is primarily focused on exchanges supported in Singapore, it is worth noting that Coinbase supports SEPA payments as well, which can make it a solid option if you plan on traveling overseas and using the euro to buy crypto.Key features:Visit CoinbaseCrypto.com is a cryptocurrency trading platform that focuses on providing a streamlined investing experience for users on the go. While Crypto.com is available on desktop, where the platform truly shines are its native applications for iOS and Android devices. It has over 80 million users from around the world, in large part thanks to Crypto.com’s regulatory compliance and easy-to-use UX.In addition to cryptocurrency trading, the platform provides access to NFTs and crypto staking. Crypto.com is arguably a leader when it comes to crypto-powered credit cards, giving the CRO token holders the ability to earn up to 5% cashback (but you need to lock up at least $400 worth of CRO to start accumulating cashback rewards).Another reason why Crypto.com is a popular choice among many crypto enthusiasts is its wide range of decentralized finance (DeFi) features. These include DeFi Wallet, DeFi Earn, and DeFi Swap. These products allow users to tap into the broader DeFi ecosystem without complicating the process and alienating newcomers.Key features:Visit Crypto.comOKX is a global crypto trading platform that can easily stand toe to toe in terms of features with the industry giant Binance (which is currently in the process of obtaining a crypto license in Singapore). Whether you want to trade in the spot markets, use margin, trade futures, or speculate with options, OKX has it all. The platform is powered by its native OKB token, which grants a number of trading privileges to its holders, including lower fees and access to VIP features.In addition, the platform offers a variety of DeFi products, including staking, lending, and borrowing. There’s also the copy trading feature that allows you to automatically copy the trades of other successful traders. OKX offers a variety of advanced trading tools as well, such as various charting tools and technical analysis indicators.If you don’t want to trade crypto using OKX’s order book system, there’s also the peer-to-peer (P2) marketplace available as a part of the exchange’s offering, which allows you to buy and sell crypto directly with other users. In fact, OKX’s P2P offering excels in its ease of use and could be considered one of the best P2P trading platforms in the crypto space.Key features:Visit OKXBitMEX is one of the leading derivatives exchanges for crypto users. It offers margin trading and perpetual contracts on Bitcoin and several dozen other cryptocurrencies. While the platform is primarily known as one of the best crypto futures exchanges, the platform recently launched spot trading functionality as well.Compared to other exchanges that offer futures, BitMEX stands out with its high maximum leverage, which can reach up to 100x for certain contracts. To complement its futures trading offering, the exchange supports all the usual order types, including stop-loss and take-profit orders. These orders are popular with spot trading, but their value becomes all the more apparent when trading with high leverage.The exchange has its own BitMEX token, which unlocks several benefits for holders, including trading fee discounts, refunds on withdrawal fees, early product access, VIP services, and more. There’s also the BitMEX mobile app, which allows traders to manage their trades on the go.Key features:Visit BitMEXCoinhako is a Singapore-based crypto exchange that specializes in serving users in Singapore and the broader Asian market. You can buy cryptocurrencies on Coinhako using PayNow, GrabPay, FAST bank transfers, as well as Mastercard and Visa cards. The exchange offers different types of accounts, catering to individuals, accredited investors and OTC (over the counter) traders. Coinhako provides has an app called the Superwallet, which is designed to simplify the process of trading, storing and transacting with cryptocurrencies. The Superwallet supports multiple blockchains, allowing users to manage all of their crypto investments in one app. At the time of writing, Coinhako lists 92 different cryptocurrencies, which is certainly not a bad selection, but slightly smaller than what’s offered by industry leaders such as Coinbase and Kraken. For most crypto investors, there is enough diversity in the cryptocurrencies available on Coinhako to create a crypto portfolio that will suit your needs.Key features:Visit CoinhakoWhat is the best crypto exchange ultimately comes down to your specific needs. If you are looking for a simple platform that is security-oriented, then you can’t go wrong with either Kraken or Coinbase. If you prefer to have a great mobile app, then it’s worth checking out Crypto.com. If you want the widest range of supported features and cryptocurrencies, then OKX will be your best choice. Finally, if you are an experienced trader in search of crypto futures with high leverage, then BitMEX is a great choice.It is worth noting that you can create multiple exchange accounts and use each for different purposes. This unlocks additional benefits, such as the ability to leverage arbitrage opportunities with arbitrage scanners to make a profit. While we focused exclusively on centralized exchanges in this article, keep in mind that there are also decentralized platforms available – check our comparison of CEX and DEX exchanges to see which type of exchange might be better suited for you.