10 Best Crypto Exchanges Singapore & Cryptocurrency Brokers in Singapore

When choosing a cryptocurrency exchange, you’re spoiled for choice in Singapore.

We’ve reviewed the top crypto brokers in Singapore so you can make an educated decision on where to trade.

Choosing the right cryptocurrency exchange requires looking at several different factors, including fee structure, ease of use, and whether or not the crypto exchange offers the coin pairs that you want to trade.

We’ve gone through this process, so you don’t have to—here are our top 10 picks for the best crypto exchanges in Singapore.

ThinkMarkets – International Cryptocurrency Broker with Easy-to-Use Platform 

ThinkMarkets - cryptocurrency broker in Singapore

ThinkMarkets is one of the best, if not the best crypto exchange for several reasons. Operating in over 180 countries, ThinkMarkets believes in helping its clients with the best possible tools and services. They offer a variety of different crypto trading platforms which can be used by all types of traders, including those who are new to the world of cryptocurrency trading.

They allow 24/7 crypto trading and Forex trading opportunities, and their customer service team is available 24 hours a day, seven days a week, so you will always be able to get help when you need it.

They also have a website that has been designed so that it is easy for anyone to navigate around and find information about what they need to know about trading with them.

ThinkMarkets offers one of the best security measures in the industry, and as if that is not enough, traders get up to $1 million insurance cover to protect their cover.


🟢 Innovative Cryptocurrency Exchange Platform

🟢 24/7 Customer Support

🟢 Free Withdrawals & Deposits


🔴 They Charge Fees if Your Account Stays Inactive for Some Time

Binance – Famous Cryptocurrency Exchange with Many Crypto Pairs to Trade

Binance - cryptocurrency exchange in Singapore

If you’re looking for a cryptocurrency exchange with a wide variety of charting options, low trading fees, and hundreds of cryptocurrencies, Binance may be the right choice.

Binance is the best crypto exchange, and has more than 500 cryptocurrencies available to global investors and 80 crypto assets available to crypto investors in Singapore. The cryptocurrency exchange charges 0.10% spot-trading fees and 4.5% for debit card purchases.

Some security features offered by Binance include two-factor authentication (2FA) verification, device management, address whitelisting, cold storage, and more.

This crypto exchange supports several types of transactions, including one-cancels-the-other order, peer-to-peer trading, stop-limit order, limit order, post-only order, market order, trailing stop order, margin crypto trading, etc.

Maximum trading amount limits differ based on the cryptocurrency purchased.


🟢 One of the Lowest Transaction Fees in the Crypto Market

🟢 Two-Factor Authentication (2FA) Verification Security Measures

🟢 Supports More than 500 Crypto Assets for Global Traders


🔴 Complex and May Be Overwhelming

🔴 Does Not Have a Built-In Digital Wallet

BitMEX – The Best Cryptocurrency Exchange for Margin Trading

BitMEX - cryptocurrency exchange in Singapore

When it comes to crypto derivatives trading, BitMEX crypto exchange makes it easy. Their user experience is sophisticated, and their product offering is top-notch. It’s all backed by multiple defense layers to keep your money safe.

The BitMEX wallet addresses are multi-signature, so you know your Bitcoin or Bitcoin Cash is secure. And when it comes to institutional-grade crypto derivatives trading, BitMEX offers a top-of-the-line experience.

They provide the deepest liquidity for Bitcoin’s perpetual futures contracts, with some of the lowest trading fees and a maker fee rebate—a 0.01% rebate!

Eighteen digital currencies and tokens are offered on BitMEX crypto exchange, but only Bitcoin can be deposited or withdrawn from the exchange. The other tokens are traded against Bitcoin or Bitcoin Cash.

Price takers pay a 0.05% commission; price-makers receive a 0.01% rebate to provide liquidity for trades.


🟢 High-Security Levels

🟢 Competitive Fees, Including Zero Deposit & Withdrawal Fees

🟢 Professional & Sophisticated Derivatives Platform

🟢 Up to 100x Leverage on Major Coins like Bitcoin


🔴 Does Not Deal in Fiat Currency

🔴 The Crypto Trading Platform Is Not Beginner-Friendly

Crypto.com – One of The Best Cryptocurrency Brokers with A Perfect App

Crypto.com - Bitcoin broker in Singapore

Crypto.com is a cryptocurrency exchange that offers users the ability to buy, sell and trade more than 250 different crypto assets. Crypto.com also offers staking on an ecosystem of financial products, an NFT marketplace, and its blockchain ecosystem, Crypto.org Chain.

Crypto.com’s cryptocurrency platform lets crypto investors buy and sell various cryptocurrencies and supports advanced order types like limit orders. If you’re interested in margin trading, the crypto exchange also offers a futures platform with up to 50x leverage on Bitcoin and other major coins.

The MAS-approved exchange platform’s fees are competitive with other cryptocurrency exchanges. Traders can receive discounts on their trading fees by holding specific amounts of the platform’s native CRO token in their accounts.

It is best for crypto investors interested in an all-in-one wallet-broker solution and who want the ability to invest in a broad range of cryptocurrencies and access to other financial products like its credit card program, staking services, and NFT marketplace.


🟢 Supports an Ecosystem of Crypto Products

🟢 Transparent & Competitive Trading Fees with Attractive Discounts

🟢 A Sophisticated Mobile App

🟢 Multi-Factor Authentication (MFA) & Whitelisting


🔴 Poor Customer Support

🔴 Trading Fee Discounts Can Be Confusing to Navigate

Coinbase – The Best Cryptocurrency Exchange for Beginner Traders

Coinbase - Bitcoin exchange in Singapore

Coinbase is a cryptocurrency exchange that caters to beginner investors. It features a simple, easy-to-understand interface and offers credit card transactions, digital wallets, and the ability to withdraw funds to PayPal.

Coinbase charges 0.50% per trade but provides a wide variety of additional transaction fees depending on your payment method and region, including 3.99% for credit card purchases and 1.49% for Coinbase wallet or accounts purchases. Wire transfers are $10 for deposits, and it also charges $25 withdrawal fees.

Coinbase crypto exchange stands out from other top exchanges like Bitstamp and Bitfinex because it is a full-service exchange for traders who want to change fiat to cryptocurrency.

Coinbase supports the following types of transactions: buying crypto assets, selling crypto assets, sending digital assets to other users’ accounts, receiving digital assets from other users’ accounts via the email address or Coinbase user ID (also known as a “public key”), and exchanging one kind of cryptocurrency for another. Maximum trading amounts vary based on your payment method and region.


🟢 Supports an Extensive Range of Cryptocurrencies

🟢 Intuitive & Beginner-Friendly Crypto Exchange Platform

🟢 Secure Platform with 2FA

🟢 Offers Several Ways to Buy Cryptocurrency 


🔴 Limited Transaction Types

🔴 Charges Expensive Trading Fees 

Changelly – Easy-to-Use & Modern Cryptocurrency Exchange

Changelly - crypto broker in Singapore

If you want a reliable and best crypto exchange with a simple UI, look no further than Changelly. Its user-friendly interface makes it one of the best exchanges in Singapore for new investors who are looking to get started with trading cryptocurrencies.

The site allows users to quickly and easily purchase more than 90 different cryptocurrencies using only fiat money and numerous other deposit and withdrawal options.

Since cryptocurrencies have high volatility, Changelly does offer fixed fees of only 0.5%, which are laid out at the time of purchase. Unlike many other exchanges, Changelly does not require any verification to use their exchange, so you can trade anonymously if desired.

Another benefit of using Changelly is that it does not require verification to use the exchange. Users can easily set up an account, deposit money, and start trading without having to send in any documents or wait for manual approval from the Changelly team.

The exchange also imposes limits and liquidity and safety and security protocols in place to protect users’ funds.


🟢 Excellent Limits and Liquidity

🟢 Easy and Intuitive User Interface

🟢 Safe and Secure Exchange Platform

🟢 Supports an Extensive Range of Cryptocurrencies


🔴 Trading Fees Are Higher Than Other Cryptocurrency Exchanges

🔴 Does Not Have the Option to Swap Crypto into Fiat

Luno – A Cryptocurrency Exchange That Offers Amazing Types of Earnings 

Luno - cryptocurrency exchange in Singapore

Some of the basic information about Luno is that it allows you to invest from as little as $10 and quickly sell anytime you want. It also complies with the same AML and KYC regulations your local bank does, so if you’re looking for a place to store your money, Luno is a great option.

The onboarding process is pretty straightforward at this crypto exchange. You’ll need to verify yourself using basic personal information such as your name, date of birth, and address. 

However, from there, the super-fast signup process gets you up and running in no time. The comprehensive self-help section ensures you can get the answers to any questions quickly and efficiently.

One of our favorite features of Luno is its BTC savings wallet feature, where you can store BTC and earn up to 4% interest per year. It’s a simple yet effective way to make extra money while keeping your hands off your crypto stash.


🟢 The Savings Wallet Allows You to Earn even Without Trading

🟢 Has a Resourceful Educational Center

🟢 Charges Low Trading Fees

🟢 Safe with 2-Factor Authentication & Data Encryption


🔴 Offers a Small Selection of Cryptos

🔴 The Trading Fee Structure Can Be Confusing

ShapeShift – Secure & Cheap Cryptocurrency Exchange in Singapore

ShapeShift - Bitcoin broker in Singapore

ShapeShift is a cryptocurrency exchange that allows you to buy and sell crypto directly from your wallet. It’s easy to get started: plug in your wallet address and send the coins from your wallet. ShapeShift will then deliver the coins to your account.

The website is easy to navigate, even if you’re starting out in crypto. And it’s got great security features like two-factor authentication (2FA) and air-gapped (offline) encryption keys. It also has a handy KeepKey wallet, which comes with an extra layer of security for storing all those shiny new coins!

Another great thing about ShapeShift is that there are never any trading fees when trading—not even commission fees on any service! 


🟢 Charges Zero Fees on Transactions

🟢 Two-Factor Authentication & Air-Gapped (Offline) Encryption Keys

🟢 Support 50+ Coins

🟢 Transparent Dealings, Especially on Deposit and Withdrawal Limitations


🔴 Does Not Offer a Crypto-to-Fiat Exchange

🔴 No Full Membership Detail Disclosure

Coinmama – Cryptocurrency Broker with ID Verification & High Security

Coinmama - cryptocurrency exchange in Singapore

We cannot close our list of the best cryptocurrency exchanges without including this best crypto exchange. 

Coinmama has no trading fees for crypto deposits or withdrawals. The platform is user-friendly and intuitive. Opening an account with Coinmama is easy and straightforward. 

Coinmama supports several payment methods, including credit or debit cards, bank transfers, Apple Pay, Sofort, Skrill, and Neteller.

Coinmama charges trading fees as a percentage of each transaction, and these fees vary based on account tier. 

A higher account tier means lower trading fees. However, you’re required to pay fixed prices for every transaction. There are also additional fees when paying through bank transfer or credit card.

Remember that Coinmama is a crypto exchange that doesn’t hold funds on the platform; you need a crypto wallet to initiate a fund transfer. 

Also, it has a solid identity verification done by providing a driver’s license, passport, or another valid government-issued ID required to trade on the exchange. Plus, two-factor authentication is optional, but users are encouraged to activate it once they set up their accounts.


🟢 Intuitive & Advanced Trading Platform

🟢 Focuses on Security with Two-Factor Verification

🟢 Supports Several Payment Options


🔴 The Cryptocurrency Wallet Is Conspicuously Absent

🔴 Limited Coin Options

Coingate – Crypto Exchange in Singapore with Great Customer Support

CoinGate - crypto exchange in Singapore

Coingate is a user-friendly platform that supports more than 50 cryptocurrencies, making it easy for you to trade with confidence.

Its simple registration process is designed to protect your privacy and security, and you can use Coingate to buy and sell cryptocurrencies using fiat. You can also purchase a wide range of gift cards on the platform.

Coingate’s website contains a comprehensive FAQ/Help section to assist you if you have any questions about the service or need some investment advice.

There is 24/7 customer support available on the website chat feature. The company emphasizes security so that you can trust your money will be safe when buying or selling cryptocurrencies.

Coingate offers both business and consumer focus. Whether you’re an individual looking to get into crypto trading or a business interested in accepting crypto as payment for goods or services, Coingate may be a good fit for you.


🟢 Supports Both Individual Crypto Traders and Businesses

🟢 Comprehensive Help Section in Case You Need Help

🟢 Comprehensive Coin Selection

🟢 The Platform Puts a High Priority on Security


🔴 Might Not Be Fresher Friendly since It Lacks Demos

🔴 Users Can Only Deposit from External Wallets

What Is a Crypto Broker?

A cryptocurrency broker is a person or entity that acts as an intermediary between buyers and sellers of the cryptocurrency.

You can think of them as a middleman who helps facilitate the sale or purchase of cryptocurrencies at the current market price.

They may not be familiar with the specific terms associated with each cryptocurrency. Still, global crypto exchanges Singapore know how to execute trades quickly and efficiently, so you can rest easy knowing your money is safe at night.

Cryptocurrency exchanges make it incredibly simple to buy and sell cryptocurrencies. The best part is: that they do all the heavy lifting of trading these volatile instruments for you.

There’s no need to know anything about Bitcoin and Ethereum—these brokers have everything you could want to be covered in automated trade orders that are executed automatically! So all you need to do is relax and let them take care of everything for you.

Crypto Exchanges in Singapore – How We Rank

It can be a little overwhelming when looking for a cryptocurrency exchange. There are so many options out there, and you want to find the one that’s best for you.

We’ve done the heavy lifting for you using our own due diligence to create this ranking system for crypto brokers. We make several key considerations, making sure that you only land the best of the best. The categories we use to rank the cryptocurrency exchanges in Singapore are

#1 – Licenses

We only consider crypto exchanges in Singapore that hold a valid license number, which means they have passed a regulatory check and are authorized to conduct business in Singapore.

This is also incredibly important because properly regulating means protecting you from fraud and scams.

#2 – Reputation

We check out the reviews of our clients’ reviews and online reviews to see what other people think about our suggested cryptocurrency exchanges. 

We only want to recommend companies that have strong reputations with their customers. If a crypto exchange has a poor reputation, we do not want our readers to trust them with their money.

#3 – Trading Commissions and Payment Fees

We believe that the best brokers in Singapore charge low commissions on trades and payment fees for withdrawals and deposits. 

The ones that do not charge these fees are listed first in our rankings, followed by those with lower commissions and trading fees than others in the industry.

#4 – Limitations on Deposits and Withdrawals

One of the biggest concerns for crypto traders is how much they can deposit into their accounts. If you’re looking to buy ETH with your credit card and don’t plan to withdraw it, this might not be a big deal. 

But if you’re interested in trading, you need to know that your money will be accessible when needed.

The best crypto exchanges are limited by their payment processors, so they can’t offer the same kind of unlimited deposits and withdrawals that traditional stockbrokers can offer.

However, some cryptocurrency exchanges do have higher limits than others. We consider this when ranking our top picks to help you find the cryptocurrency exchange that works best for your situation.

#5 – Payment Methods

The best crypto exchanges should offer the same range of payment methods to other customers. The best exchanges have an extensive list of payment methods and may even accept credit cards and bank wire transfers.

This gives you more choices for funding your account, which is especially important if many Singaporean crypto exchanges don’t accept your preferred method.

#6 – Trading Volume

Trading volume is an important metric because it tells you how active the market is. When the market is more active, you can trade quickly and easily with little effect on the price of the coin when trading cryptocurrency.

A high trading volume also indicates that many people are trading on the exchange, which means it’s more liquid and less volatile. The best crypto exchanges have the highest trading volume and vice versa.

#7 – Customer Support

We look at each broker’s performance when it comes to customer support, including the efficiency of their support team, the number of international support lines they have, and how quickly they resolve issues.

It’s not enough to have an “always-on” chat feature; your support staff needs to be well-trained, friendly, and available in multiple languages if you’re dealing with people worldwide. 

For example, if the cryptocurrency exchange only has English-speaking support staff, they won’t get a high rating from us, no matter how many other features they offer. The best crypto exchanges support several languages to accommodate traders from different regions.

#8 – Leverage

Lastly, we look at the leverage each broker offers you. Higher leverage allows you to trade more than your actual capital, thus increasing your potential profits.

Singaporeans love leverage when it comes to investing—most of us are looking for ways to increase our bonuses! A good cryptocurrency exchange has leverage at 1:10 or higher for investors who want to take significant risks involved in their investments.

Advantages of Cryptocurrencies

The world of cryptocurrencies is a fascinating one. Many people are investing their money in these currencies without knowing what benefits they can get from this investment. Here are some of the advantages of cryptocurrencies:

High Security and Private Dealings One of the biggest advantages of cryptocurrency is its high security. Transactions are verified by network nodes through cryptography. A transaction cannot be reversed once it is confirmed. This means that cryptocurrency offers a way for users to verify their dealings in an open ledger. More importantly, these transactions do not involve any intermediaries like banks.
Low Transaction Fees Another advantage of cryptocurrency is that it has low transaction fees compared to other payment options. Because it does not use an intermediary like a bank and all transactions are publicly recorded on a blockchain, it allows businesses to save money by eliminating or reducing the need for third-party entities like banks or credit card companies.
A Highly Volatile Currency Cryptocurrency is highly volatile. This means that, like traditional currency, it can go up and down in value. But unlike traditional currency, Bitcoin does not have a central bank regulating how much it’s worth. That means it can fluctuate to a much greater degree than normal money. That is why people buy it, wait until its value goes up, and sell it again at a higher price. It’s a great chance to earn some money!
Self-Managed and RegulatedThere isn’t a central entity backing up cryptocurrencies—they’re just worth what people are willing to pay for them—so there aren’t any rules about what people can do with their money. This means that you’re responsible for keeping your own funds safe—there’s no one else who can help you if you get hacked or scammed.
Global Currency Cryptocurrency is a digital currency that can be owned and used by anyone. It’s not controlled by any central bank or government and instead is managed by a global network of computers that work to verify the transactions that occur with cryptocurrency. As a result, cryptocurrency can be used anywhere in the world without the need for exchange rates or transaction fees. Anyone with access to an internet connection can use it, making it an ideal currency for the digital age.

Disadvantages of Cryptocurrencies

While cryptocurrencies are highly lucrative because of their numerous disadvantages, they have one major drawback.

Volatility – a Great Chance to LoseCryptocurrencies are volatile – their value changes constantly. You can lose money over a single day or even an hour. Not only that, but you could also find your cryptocurrency worth less than it was when you bought it. You need to be able to stomach volatility if you want to invest in cryptocurrencies. However, Cryptocurrencies lack intrinsic value and have no support from governments or Singapore’s central bank. Thus they are prone to wild fluctuations in price. They’re also not backed by precious metals or other tangible assets.

Fees Charged by Crypto Exchanges in Singapore

When you start using secure crypto exchanges Singapore to trade crypto, you will notice various fees being charged. With most brokers, the fees are minimal, but they can add up over time, and you want to know what you’re getting into before placing any trades. 

Here’s a quick look at the crypto exchanges’ fee structure charged by crypto exchanges and how they’ll affect you as a trader.

Trading Fees

These cover the cost of using a broker’s platform and are usually taken as a percentage of the total trade value. The more expensive a coin pair is the higher your trading fee. 

For example, if Bitcoin costs $10,000 and your broker charges 0.25% in trading fees, your trading fee will be $25. If Ethereum costs $500 and your broker still charges 0.25%, your fee will only be $1.25 instead.

That’s why it’s important to consider trading fees when deciding which coins you want to trade in your crypto account—especially if you’re performing high trading volume trades.

Deposit Fees

Some brokers will charge you a small amount to deposit money into your account using fiat currencies (the national currencies like USD or GBP) to trade crypto – it is called deposit fees. The exact amount of deposit fees is different in crypto exchanges and payment services, but this is usually only a tiny percentage of your deposit amount.

Deposits may be as little as $10 or as much as $100,000. It is important to note that the deposits may be converted into fiat currency before being deposited into your account.

Withdrawal Fees

When you withdraw digital assets from your account, you may also be charged a small withdrawal fee. This is often even smaller than the deposit fee. The withdrawal fees may be anywhere between 0-0.6% of your withdrawal amount is relatively common, although some crypto exchanges may charge as much as 2%.

Margin Fees

Some exchanges allow you to trade on margin—that means you can borrow money from them to place trades. If this happens, you’ll be charged interest on any outstanding balance. Margin fees can range from 0.25-0.5% per day and are usually calculated daily.

Are Crypto Exchanges Legal in Singapore?

Crypto brokers in Singapore are legal, but they require licensing with the Monetary Authority of Singapore (MAS).

In Singapore, crypto brokers are considered financial institutions and must register with MAS. They must demonstrate a robust compliance program that meets international standards for preventing money laundering and terrorist financing.

The MAS is a regulatory body that oversees Singapore’s banking, financial, and insurance sectors. It has authority over all crypto exchanges that deal with any currency—including cryptocurrency. It is, however, important to note that the MAS is currently transitioning to a formalized, licensing framework under the Payment Services Act.

Though the MAS does not regulate crypto directly, it does regulate all businesses that deal with it. This includes different exchanges and brokers for Bitcoin and other cryptocurrencies. 

To be licensed as a broker or exchange by the MAS, you must apply on their website, provide a detailed business plan, pay an application fee of 300 Singapore dollars (200  Singapore dollars if you’re a small or medium enterprise), and get approval from the MAS before your business can open its doors to customers.

Crypto Exchanges in Singapore – Apps for iOS and Android

Several brokers are available to you, depending on which device you use. Below is a list of crypto exchanges and whether they’re available on iOS, Android, or neither.

ThinkTrader Mobile✓ The ThinkMarkets app allows you to trade across multiple markets. A quad screen display allows Singapore users to view several charts simultaneously, using either grids or windows.
✓ A powerful tool for technical analysis and charting to get more insight into price movements and trends.
✓ An innovative feature of this mobile app is multi-deal closure technology which allows you to close multiple deals simultaneously in one click.
iOS & Android
Binance✓ The Binance API is custom-made to allow users to quickly and efficiently integrate trading applications into the platform.
✓ Fitted with Binance authenticator for 2-Step verification codes for maximum security and privacy.
✓ Has an academy where users can learn about cryptocurrencies and blockchains.
✓Provides free tutorials where new users can earn free cryptocurrencies as they learn.
iOS, Android, Linux, & Windows
BitMEX✓ Allows you to manage your crypto portfolio by viewing your balance, deposit withdrawal, and transaction history.
✓ Fiat On-Ramp allows users to safely and efficiently buy crypto with 30+ currencies.
✓ Get rewarded with referrals; give you hefty bonuses when you invite people into the app.
✓ Has a biometric login protocol that provides convenience without compromising user security.
iOS & Android
Crypto.com ✓ You can trade over 250 cryptocurrencies with over 20 fiat currencies.
✓ Offers 8% back on all your spending when using a master visa card.
✓ Users can access personal loans without deadlines through the App.50-microsecond core latency, so you do not have to worry about slow systems and delays.
iOS, Android & Desktop
Coinbase✓ Support 150+ coins offering you the diversity to maximize your trading profits.
✓ Most advanced user data protection technologies guarantee 100% security for your trades.
✓ Lightning Fast in all transactions, whether you are withdrawing or depositing.
iOS & Android

Crypto Brokers in Other Countries

Crypto Brokers in Singapore in 2022 – FAQ

🤑❓🇸🇬 Which crypto broker is the best in Singapore?

It depends on what you’re looking for. And, there are several factors to consider when choosing the best crypto exchange in Singapore: available cryptocurrencies, trading fees, user interface, and more.

If you’re new to cryptocurrency trading and want a platform that offers you the ability to learn and grow as a trader, you’d probably be happy with most crypto exchanges. 

But if you’re looking for something more specific, like a trading platform that offers high-end users an advanced order book and tight spreads, then your options narrow down considerably.

🤑❓🇸🇬 How can I buy crypto in Singapore?

You can buy crypto in Singapore with a broker, a cryptocurrency exchange, or directly from other people.

Buying with a cryptocurrency exchange is the easiest way. Cryptocurrency exchanges sell you cryptocurrency at the current market rate or at a premium (this is how they make money). You can choose to place an order.

Market order: you buy at the current market rate. A market order is the fastest way to buy, but you may end up paying more than the current exchange rate.

Limit order: you can set a price and then wait for someone to sell at that price. A limit order may take time to be filled if your desired price isn’t available on the market, but you will get the best price.

🤑❓🇸🇬 Do crypto brokers in Singapore charge fees?

Yes, they do. Some brokers charge a fixed trading fee; others charge a variable one. If you want to avoid paying any fees, you should opt for a broker that doesn’t charge them.

Those that do will typically charge you a percentage of your initial investment (1% – 3%). They may also charge you fees for withdrawing money, which they will deduct from your account balance when the withdrawal is processed.

🤑❓🇸🇬 Is it legal to trade cryptocurrency in Singapore?

Crypto asset trading is completely legal in Singapore, and there are no laws restricting its use. The Monetary Authority of Singapore has issued official guidelines outlining regulation and licensing requirements for businesses dealing with cryptocurrency.