Well, why should anyone, say, a potential cryptocurrency holder or aspiring crypto exchange owner, be looking for the Top 10 best crypto exchanges in Singapore?

It is simple.

The cryptocurrency craze is still going strong, with the market estimated to be around 4.67 billion USD in 2022, expressed to grow at 12.5% annually until 2030.

Phew! Now that is a huge fortune.

And if you want to choose a cryptocurrency exchange from among the 1000+ platforms in the business, you have to pick the best of the best.

And that’s why you need an overall view, as someone wise once said, “When a group of people unite and decide, their choice is always correct.”

I mean, if a wise person said that it has to be correct, right?

Therefore, let’s check out the top 10 best cryptocurrency exchanges in Singapore.

Wait up! Before we look into the list, you need to understand what makes a crypto exchange platform get a top spot in Singapore.

Reasons

  • For an exchange platform to turn into the best one in Singapore, it needs to comply with every one of the regulations and guidelines set by the Monetary Authority of Singapore, like
    1. KYC – To verify users
    2. AML – To prevent illegal monetary activities
    3. Furthermore, because digital currency in Singapore is considered property, it is taxable income that must be reported on tax filings.

Now, let’s get back to the list.

Top 10 Best Crypto Exchanges in Singapore

Kraken

  • Kraken has comfortably secured its place in the list with its low trading fee, sturdy security features, and trendsetting trading features.
  • Pros
    1. User-friendly: With its clear-cut user interface, and easily understandable features it is drawing users from all over the place, and of course, most importantly from Singapore.
    2. Wide cryptocurrency options: Kraken provides about 200 cryptocurrencies to trade from, ensuring that they cater to users with different preference
  • Cons
    1. Kraken’s beginner program, Instant Buy, takes a rather high fee from beginners who might not even be aware of how expensive it is in comparison.

Binance Singapore

  • Binance Singapore is the Singaporean unit of Binance, which is the top-leading crypto exchange platform in the industry.
  • With its massive liquidity pool, iconic trading tools, and attractive user interface, it is rightfully dominating the crypto market in Singapore.
  • Pros
    1. Several cryptocurrencies: Wide cryptocurrency support ranging from Bitcoin, Ethereum, Cardano, and the exchange platform’s very own BNB.
    2. Saving choices: If users execute a trade with BNB, they’ll get several discount opportunities.
    3. Superior trading tools: Binance offers advanced trading options like Margin, and futures trading, as well as a variety of trading orders like Stop-limit, and trailing stop.
  • Cons
    1. Singaporean users have limited traditional fiat currency support.
    2. Because of the exchange’s high trading volume, customer service can be delayed.

Gemini

  • Gemini is an American crypto exchange company that has achieved major reach in Singapore, thanks to its emphasis on security more than anything else.
  • Because of its credibility, Gemini has quickly found its way into the top 10 best crypto exchanges in Singapore.
  • Pros
    1. Strong security: Provides exceptional security features.
    2. Hot wallet: Offers insured hot wallet for crypto holding.
  • Cons
    1. Tight verification procedures
    2. Fewer cryptocurrency choices in comparison to others.
    3. High trading costs when compared to others.

Bybit

  • Bybit is a primary member of the cryptocurrency exchange domain. It was founded in 2018 and has quickly grown a dedicated user base because of its fresh trading options.
  • Pros
    1. Iconic features: Bybit provides engaging features including asset swapping, imitation trading, and much more.
    2. Decision-making tools: With its easy-to-navigate interface, Bybit offers market analysis tools like RSI indicators, Stochastic Oscillators, and much more.
  • Cons
    1. Spot trading options are slim compared to other exchanges.
    2. Bybit’s strong emphasis on advanced tools may result in financial loss for inexperienced traders.

Coinbase Singapore

  • Coinbase Singapore is the Singapore division of Coinbase, the major American-based cryptocurrency exchange firm.
  • With a vision to make cryptocurrencies more accessible to a wider audience, it has comfortably secured a position among the top ten best crypto exchanges in Singapore.
  • Pros: Friendly features, easy for beginners, and robust security.
  • Cons: Limited cryptocurrency options, high trading fee.

OKX

  • With its affordable trading fee, accessible interface, and ample cryptocurrency options, the OKX emerges as the people’s choice.
  • Pros: Lower trading fee, variety of cryptocurrencies to trade, easy interface with powerful tools.
  • Cons: Limited fiat support, customer support might lag due to heavy traffic.

Crypto.com

  • Crypto.com takes pleasure in providing a trading experience rather than simply an exchange platform.
  • As for the Singaporean users, the platform gives more than 250 cryptocurrency choices to trade from, providing a thrilling trading experience.
  • Pros: Offers comfortable UI, crypto card support, and DeFi offerings to draw both novice and experienced traders.
  • Cons: Charges high trading fees and offers low customer support.

Huobi Global

  • With a solid foot in the Asian crypto market, Huobi Globals offers an engaging platform with ranged trading pairs and better trading features.
  • Pros: Offers trendy trading pairs in a cushy user interface.
  • Cons: Just like other exchanges offers limited support to Singaporean fiat currency, and delays customer support during peak trading hours.

Coinhako

  • Coinhako won over the hearts of Singaporeans with its secure multi-signature wallet, minimal user interface, and advanced trading features.
  • Pros: Users have no limitation in using Singapore currency
  • Cons: High trading fee, several undisclosed fees to be aware of

Bitstamp

  • Bitstamp offers many host services, including API connectivity for automated trading using trading bots, along with classy trading tools.
  • This innovation has an enormous passionate fan base.
  • Pros: Available on mobile devices and can be downloaded from the Google Play Store.
  • Cons: Delayed customer support during heavy traffic, demanding verification process.

Conclusion

There it is! “The top 10 best crypto exchanges in Singapore” You may have noticed several features that are always there in the Cryptocurrency Exchange Script, like a user-friendly interface, effective security measures, and impressive trading features. These are the key features that make or break a crypto exchange platform.

If you think you have a crypto exchange idea that can rival all of these platforms, you should consider developing that. Because every greatest innovation started from a simple idea.

If you are confident in your idea and believe that combining essential features from top exchange platforms would help you create the next great thing. You should consider partnering with us.

Our devoted team of developers at Zodeak has expertise in blockchain and cryptocurrency technology, and we can assist you in developing the cryptocurrency exchange script of your dreams at a reasonable price.

Let’s team up and make it happen!

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