Singapore has experienced significant growth in crypto adoption, driving demand for reliable exchange platforms. This guide compares the top 7 MAS-compliant exchanges for Singaporean traders, analyzing key features like fees, security, and supported coins.
Top Crypto Exchanges Compared
| Exchange | Cryptos | Spot Fees | Future Fees | Max Leverage | KYC |
|---|---|---|---|---|---|
| BYDFi | 300+ | 0.10% | 0.02%/0.06% | 125x | No |
| Phemex | 346+ | 0.10% | 0.01%/0.06% | 100x | No |
| Coinbase | 250+ | 0.40%/0.60% | N/A | None | Yes |
| Kraken | 185+ | 0.16%/0.26% | 0.02%/0.05% | 50x | Yes |
| Zipmex | 100+ | 0.20% | N/A | None | Yes |
| Luno | 8+ | 0.10%/1.00% | N/A | None | Yes |
| Coinhako | 50+ | 0.50%/1.00% | N/A | None | Yes |
1. BYDFi - Best for Futures and Copy Trading
BYDFi leads Singapore's crypto market with:
- 300+ cryptocurrencies
- 125x leverage
- 0.1% spot fees
- Optional KYC
- Copy trading features
Key Features:
- SGD fiat support
- Free demo account
- Mobile app (4.2/5 rating)
- $10,000 welcome bonus
| Pros | Cons |
|---|---|
| Low fees | No staking |
| High liquidity | No NFT market |
| Beginner-friendly |
2. Phemex - Top for Anonymous Trading
Phemex offers:
- 346+ coins
- 100x leverage
- 0.01% maker fees
- No KYC requirements
Notable Features:
- $6,050 signup bonus
- Liquidation protection
- Premium zero-fee accounts
3. Coinbase - Best for Beginners
Coinbase provides:
- Simple interface
- 250+ assets
- SGD deposits
- Educational resources
Consider:
- High 0.6% taker fees
- Basic trading tools
4. Kraken - Most Secure Exchange
Kraken stands out with:
- ISO 27001 certification
- 185+ coins
- 50x leverage
- Advanced trading tools
5. Zipmex - SE Asia Focused
Zipmex features:
- SGD support
- 14% staking rewards
- Beginner-friendly
6. Luno - User-Friendly Platform
Luno offers:
- Simple interface
- 10 coins
- SGD deposits
- Learning materials
7. Coinhako - Local Singapore Exchange
Coinhako provides:
- SGD payments
- 100+ coins
- Recurring buys
How to Choose an Exchange
Consider these factors:
- MAS licensing - Ensure regulatory compliance
- SGD support - For local currency convenience
- Security - 2FA, cold storage, insurance
- Fees - Compare maker/taker rates
- Liquidity - Higher volume = better pricing
Trading in Singapore: Step-by-Step
- Select MAS-licensed exchange
- Complete registration/KYC
- Deposit SGD or crypto
- Start with demo account
- Execute first trade
FAQ
Q: Which exchange has lowest fees?
A: Phemex offers 0.01% maker fees, BYDFi has 0.02% futures fees.
Q: Best for beginners?
A: Coinbase and Luno provide the simplest interfaces.
Q: Most secure option?
A: Kraken maintains the strongest security record.
Q: Any no-KYC options?
A: BYDFi and Phemex offer trading without KYC.
Q: Best for advanced traders?
A: BYDFi provides 125x leverage and pro tools.
Final Recommendation
👉 BYDFi emerges as the top overall choice for Singaporean traders, offering the best combination of:
- Wide coin selection
- Competitive fees
- High leverage
- Beginner-friendly features
- Strong security
All listed exchanges comply with MAS regulations and support SGD transactions, ensuring safe and convenient trading for Singapore residents.