Best Crypto Exchanges in Singapore

Singapore continues to stand out as one of the most crypto-friendly hubs in Asia. With a progressive regulatory framework under the Monetary Authority of Singapore (MAS), supportive tax laws, and a strong community of retail and institutional investors, the city-state has become a launchpad for crypto innovation.

But with so many platforms available – ranging from licensed local players to global no-KYC alternatives – the real challenge is picking the right exchange that balances trust, liquidity, fees, and flexibility.

In this guide, we break down the best crypto exchanges in Singapore for 2025, covering both MAS-regulated providers and offshore platforms popular with traders who prefer speed, privacy, or higher leverage.

🇸🇬 MAS-Friendly & Licensed Platforms

Coinhako

One of the longest-standing Singaporean exchanges, Coinhako supports SGD deposits and withdrawals via PayNow and FAST.
Great for beginners with its clean app and local fiat integration.
Trading fees start at ~1%, higher than global competitors, but the local support makes it a trusted choice.

Coinbase Singapore

Fully MAS-licensed with support for SGD deposits.
Beginner-friendly with seamless PayNow and bank transfer options.
Offers a wide range of assets and staking, though fees remain higher (0.6%/1.2%).

Kraken

Not MAS-licensed but widely used in Singapore due to its reputation for security and global liquidity.
Offers 400+ assets, futures, and staking.
No SGD pairs, but USD, EUR, and crypto funding make it flexible for advanced traders.

Gemini

Strong compliance focus, with bank-grade security and SOC certifications.
SGD deposits supported, though trading fees are higher unless using the ActiveTrader interface.
Appeals to institutional and safety-first retail users.

Independent Reserve

Australian exchange licensed by MAS.
Offers direct SGD trading pairs and insurance on custodial funds.
Transparent fee structure (0.5% base, lower with volume).

🌍 Global No-KYC Alternatives Popular in Singapore

While MAS-regulated platforms are safest for fiat on/off ramps, many Singaporean traders also use global no-KYC exchanges for higher leverage, broader asset listings, and fewer restrictions.

KCEX

Derivatives-focused, offering up to 200x leverage.
No mandatory KYC for smaller withdrawals.
Attractive for pro traders seeking deep liquidity and fast execution.

MEXC

Popular for its massive altcoin selection (1,800+ assets).
Zero maker fees on spot and aggressive futures promotions.
Easy sign-up, no-KYC withdrawals up to set limits.

Tapbit

Clean UI with both spot and futures trading.
No-KYC tier supports quick withdrawals.
Strong security record and global growth in 2025.

Blofin

Derivatives specialist with low fees and institutional-grade infrastructure.
Offers copy trading, trading bots, and 100+ perpetual contracts.

BingX

Heavy on copy trading and social features.
Supports both spot and futures, with an easy mobile-first interface.

BTCC

One of the oldest exchanges in the industry (since 2011).
Known for futures trading reliability, up to 225x leverage.
Solid option for high-frequency and derivatives traders.

GRVT

Hybrid derivatives platform built on zkSync’s hyperchain.
Offers self-custody trading, proof-of-reserves, and institutional-grade security.
A rising star in 2025 for pro traders who want compliance + decentralization.

Phemex

Futures powerhouse with ultra-low fees (0.01%/0.06%).
High liquidity and advanced trading features.
Great for both retail and institutional strategies.

How to Choose the Right Exchange in Singapore

For SGD On/Off Ramps: Stick to MAS-licensed exchanges like Coinhako, Coinbase SG, or Independent Reserve.
For Security & Compliance: Gemini and Kraken are strong bets.
For Altcoin Hunters & Futures Traders: MEXC, BingX, or Phemex.
For High-Leverage & Pro Tools: KCEX, Blofin, BTCC, or GRVT.
For All-Rounders: Bitget balances copy trading, futures, and DeFi features.

Crypto Taxes in Singapore

No capital gains tax on long-term holdings.
Income tax (0%–24%) applies if trading resembles a business or if you earn from staking, mining, or services.
GST: Exempt for digital payment tokens.

Singapore remains one of the most tax-friendly jurisdictions for crypto traders worldwide.

Key Takeaways

The best crypto exchange in Singapore for you depends on your goals:

Want regulated peace of mind? → Stick to Coinhako, Coinbase SG, Independent Reserve.
Want deep liquidity and tools? → Go for Kraken, Bitget, or Gemini.
Want no-KYC speed and leverage? → Platforms like MEXC, KCEX, Tapbit, GRVT, and BingX are unbeatable.

By combining a MAS-regulated fiat gateway with a global trading platform, many Singaporean traders get the best of both worlds—compliance where needed and freedom where it counts.