Best Crypto Exchange Singapore: Top Platforms, Rules, and Where to Trade

When you're searching for the best crypto exchange Singapore, you're not just picking a platform—you're choosing how you interact with the law, your money, and your security. In Singapore, crypto trading is legal and regulated by the Monetary Authority of Singapore (MAS), which means exchanges must follow strict rules on licensing, KYC, and anti-money laundering. This isn't like trading in places where anything goes. Here, you need clarity, not hype.

Not all exchanges that work elsewhere are allowed in Singapore. Binance, the world's largest crypto exchange, is restricted here—you can't trade derivatives or use its global platform. But Coinbase, a U.S.-based exchange with MAS approval, is fully compliant and lets Singaporeans trade spot crypto with SGD deposits. Then there's P2P crypto platforms, peer-to-peer marketplaces that bypass traditional exchanges, which many locals use to buy Bitcoin directly from other traders using bank transfers. These are legal too, as long as they don’t act as intermediaries holding funds.

What makes one exchange better than another in Singapore? It comes down to three things: regulation, fees, and ease of use. If you're new, you want a platform that accepts local bank transfers, has low withdrawal fees, and doesn’t make you jump through hoops just to deposit SGD. If you're experienced, you might care more about trading pairs, liquidity, or access to DeFi tools. Some users even mix platforms—using Coinbase for buying, then moving crypto to a non-KYC DEX like ApeSwap or THENA FUSION for trading. But remember: if you use a platform without proper licensing, you lose legal protection. Singapore doesn’t protect you if your exchange gets hacked or shuts down.

There’s also the question of taxes. The Inland Revenue Authority of Singapore (IRAS) treats crypto as property, not currency. That means every trade, swap, or sale could trigger a taxable event. You’re not just picking an exchange—you’re setting up your financial record-keeping. That’s why many locals stick with platforms that offer transaction history exports or integrate with tax tools like Koinly or CoinTracker.

And don’t be fooled by flashy apps promising 100x leverage or zero fees. In Singapore, those often mean unlicensed operators. DueDEX and Ultron Swap might look tempting, but they’re not registered with MAS. Stick to platforms that clearly state their licensing status. If you can’t find it on their website, assume they’re not legal here.

Below, you’ll find real reviews of exchanges and platforms used by Singaporeans—some approved, some risky, some dead. No fluff. Just what works, what doesn’t, and what could cost you money if you ignore the rules.