Binance Singapore Fee Calculator
Calculate Your Savings
See how much you could save by trading on Binance versus licensed exchanges like Gemini or Luno
Your Savings
Important Note: These calculations assume you're trading on Binance's main platform. Remember that Binance does not hold a MAS license for Singapore users, so there are regulatory risks involved. Savings calculations don't account for P2P transaction risks or potential account freezes.
When you live in Singapore and want to trade crypto, you don’t just pick the biggest exchange. You pick the one that won’t get shut down tomorrow. Binance is the world’s largest crypto platform-handling over $76 billion in daily trades and serving more than 255 million users. But in Singapore, that global size doesn’t automatically mean safety or legality. The real question isn’t whether Binance works here-it’s whether it’s allowed to be here.
Is Binance Licensed by MAS?
This is the single most important thing you need to know. The Monetary Authority of Singapore (MAS) requires every crypto exchange serving local users to hold a Digital Payment Token (DPT) license. Without it, operating in Singapore is illegal. And here’s the problem: Binance doesn’t have one. You won’t find any official statement from MAS saying Binance is licensed. Unlike Gemini, Luno, or Coinhako-all of which publicly display their MAS licenses-Binance operates in Singapore under its global entity. That means you’re using the same platform that got banned in the UK, fined in Japan, and restricted in the U.S. There’s no Singapore-specific subsidiary, no local compliance team, no MAS oversight. If MAS cracks down, your funds could be frozen overnight. No warning. No refund. Just silence.What You Can Trade and How Much It Costs
If you ignore the regulatory risk, Binance delivers on features. You get access to over 500 cryptocurrencies and 1,300 trading pairs. That’s more than most exchanges offer globally. Need to trade Solana against Polygon? Dogecoin against Shiba Inu? It’s all there. Even niche tokens and new launches from Binance Launchpool are available within hours. Trading fees start at 0.1% for spot trades. That’s a fraction of what local competitors charge. Gemini, for example, takes 1.49% per SGD trade. Coinhako charges up to 2%. Binance’s fee structure is designed for high-volume traders-and it shows. If you’re buying $10,000 worth of Bitcoin, you pay $10 in fees on Binance. On Gemini? You pay $149. You can deposit via credit card, Google Pay, Apple Pay, and bank transfer. But here’s the catch: there’s no direct SGD deposit option on the main platform. You’ll need to use Binance P2P to buy crypto with SGD from other users. That works, but it’s peer-to-peer-meaning you’re trusting strangers, not a regulated bank. Some users report delays or scams on P2P, especially with new accounts.Advanced Features: Leverage, Earn, and NFTs
Binance isn’t just a spot exchange. It’s a full crypto ecosystem. You can earn interest on your holdings through Binance Earn-get up to 12% APY on stablecoins like USDT or BUSD. There’s also Launchpool, where you can stake tokens to get early access to new projects. And if you’re into NFTs, the Binance NFT marketplace lets you buy, sell, and mint digital art. For experienced traders, the derivatives market is a major draw. You can trade futures with up to 150x leverage. That’s not a typo. A $100 position can control $15,000 worth of crypto. High reward? Yes. High risk? Absolutely. One bad move and you lose everything. Most beginners don’t survive long here. Even seasoned traders get wiped out during volatile swings. And remember-this high-leverage trading is not regulated by MAS. If you lose money, there’s no protection.
App and Interface: Powerful, But Not Beginner-Friendly
The Binance app works well on iOS and Android. Real-time alerts, portfolio tracking, and quick trades are all there. But the interface is cluttered. There are tabs for spot trading, futures, earn, NFTs, loans, and more. It’s overwhelming if you’ve never traded before. You won’t find a simple “Buy Bitcoin” button like you do on Luno or Coinbase. Beginners get lost in the menus. Even finding your balance can take a few clicks. Customer support is global and slow. If you have an issue with a deposit or KYC, you’re stuck in a ticket queue that can take days to respond. There’s no live chat for Singapore users. No phone number. No local office. You’re on your own.How Binance Compares to Singapore Alternatives
Here’s how Binance stacks up against the competition:| Feature | Binance | Gemini | Luno | Coinhako |
|---|---|---|---|---|
| MAS Licensed | No | Yes | Yes | Yes |
| Trading Pairs | 1,300+ | 70+ | 20+ | 50+ |
| Spot Trading Fee | 0.1% | 1.49% | 0.99% | 1.5% |
| SGD Deposits | P2P only | Direct | Direct | Direct |
| Leverage | Up to 150x | Up to 10x | Not available | Not available |
| Customer Support | Global, slow | Local, responsive | Local, responsive | Local, responsive |
Who Should Use Binance in Singapore?
Binance isn’t for everyone. Here’s who it works for:- Experienced traders who understand leverage, risk, and volatility
- High-volume users who save thousands in fees annually
- Investors in altcoins who need access to 500+ tokens
- Users comfortable with P2P and peer-to-peer transactions
- Beginners who just want to buy Bitcoin and hold
- Risk-averse users who need regulatory protection
- People who need fast support when things go wrong
- Anyone who values legal certainty over low fees
The Bottom Line: High Reward, High Risk
Binance Singapore is a double-edged sword. On one side: unbeatable selection, ultra-low fees, deep liquidity, and powerful tools. On the other: zero MAS license, no legal protection, slow support, and a real chance your account could vanish if regulators act. In 2025, Singapore is tightening crypto rules. Exchanges without licenses are being pressured to shut down or leave. Binance has stayed quiet. No announcements. No license applications. Just silence. If you’re willing to accept the risk and know what you’re doing, Binance is still the most powerful tool for crypto trading in Singapore. But if you’re looking for peace of mind? Look elsewhere. Your money is safer on a licensed platform-even if it costs more.Is Binance legal in Singapore?
No, Binance is not licensed by the Monetary Authority of Singapore (MAS). While it operates and serves users in Singapore, it does so under its global entity without a local Digital Payment Token (DPT) license. This puts it in a legal gray zone. MAS requires all crypto exchanges serving Singapore residents to be licensed, and Binance has not obtained one. Using it carries regulatory risk.
Can I deposit SGD on Binance?
You cannot deposit SGD directly through bank transfer or card on Binance’s main platform. Instead, you must use Binance P2P-peer-to-peer trading where you buy crypto from other users using SGD. While this works, it’s not regulated, and you’re exposed to potential scams or payment delays. For direct SGD deposits, use licensed platforms like Gemini or Luno.
Is Binance safer than other exchanges in Singapore?
Binance has strong security measures like two-factor authentication, cold storage, and insurance funds. But safety isn’t just about tech-it’s about legal protection. Unlike Gemini or Luno, which are MAS-licensed, Binance offers no regulatory recourse if something goes wrong. If MAS shuts down its operations in Singapore, your funds could be frozen without warning. Licensed exchanges provide legal safeguards Binance doesn’t.
Why do people still use Binance in Singapore?
Because it’s the most powerful trading platform available. With over 500 cryptocurrencies, 1,300 trading pairs, and fees as low as 0.1%, it’s unmatched for active traders and altcoin investors. Many users accept the regulatory risk because the benefits-lower costs, deeper liquidity, and access to new tokens-are too valuable to pass up. But they’re doing so with eyes open.
Should I move my crypto from Binance to a licensed exchange?
If you’re holding long-term or don’t actively trade, yes. Moving your assets to an MAS-licensed exchange like Gemini or Luno reduces your risk significantly. You’ll pay higher fees and have fewer trading options, but your funds will be protected under Singapore law. If you’re an active trader who needs low fees and deep markets, keep your funds on Binance-but never deposit more than you’re willing to lose.
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