Not a financial advisor — just a guy sharing his crypto playbook.
So, you’ve finally decided to buy Bitcoin. Welcome to the party. Whether you’re here because your cousin made $100k during the last bull run, or because your bank savings account is earning less than the price of a kopi-o kosong… this guide is for you.
Buying Bitcoin in Singapore is not only legal—it’s surprisingly easy, especially if you know where to look, what to click, and how to avoid becoming the next Reddit sob story.
🚀 Why Singapore Is a Great Place to Start Your Crypto Journey
Singapore isn’t just about Changi Airport, bubble tea, and terrifyingly efficient ERP charges. It’s also one of the most crypto-progressive places in the world.
Here’s why:
- Zero capital gains tax (yes, zero).
- Regulated exchanges thanks to MAS (Monetary Authority of Singapore).
- FAST transfers make buying and withdrawing seamless.
- Crypto is mainstream enough that even your kopi uncle has heard of Bitcoin.
🧭 Step-by-Step: How to Buy Bitcoin in Singapore
Let’s break it down so you don’t accidentally remortgage your flat to buy a meme coin.
Step 1: Choose the Right Exchange
“This is a crucial point: always prioritise MAS-Licensed or MAS-Approved exchanges. While this doesn’t guarantee your funds are 100% safe, it does give you the best protection available. Just like with stocks or investment funds, there are always risks — including losses or the possibility of a company shutting down.
🔒 MAS-Licensed Favorites:
| Exchange | MAS Licensed | Pros | Affiliate Link |
|---|---|---|---|
| Coinhako | ✅ Yes | -Deposit by PayNow or Bank Transfer -Clean UI -Good spreads | |
| Coinbase | ✅ Yes | -Deposit by PayNow or Bank -High Security -Global exchange -Clean UI | Coinbase |
| Crypto.com | ✅ Yes | -Bank Transfer Deposit -Staking & DEFI -Many Functions |
Disclaimer:
Some of the links in the table may be referral links. Specifically, I may receive referral rewards if you sign up through the Coinbase link. This comes at no extra cost to you and helps support the site. Always do your own research before making any financial decisions.
Step 2: Sign Up and Verify
Welcome to KYC Land.
You’ll need:
- Email address
- A strong password (not “password123”)
- NRIC or Passport
- A bank account with FAST or PayNow access
Most platforms verify you within a day—some within minutes.
Step 3: Deposit SGD
Log in, head to your wallet, and choose FAST Transfer or PayNow.
- Coinhako: Minimum deposit of SGD 20 via FAST or PayNow
- Coinbase: SGD deposits via PayNow or Bank Transfer
- Crypto.com: SGD deposits by Bank Transfers
Pro Tip: Start small to test the process. No need to YOLO your entire CPF.
Step 4: Buy Bitcoin
This is where the magic happens.
- Choose Bitcoin (BTC)
- Enter your SGD amount
- Tap Buy Now
- Smile. You now own digital gold 🪙
Step 5: Store It (Don’t Skip This!)
Leaving your Bitcoin on an exchange is like parking your Lamborghini with the keys in the ignition—at an open-air kopi tiam. It’s fine… until someone decides to take it for a spin. A simple rule I go by, is that I only leave on the exchanges what I am willing to lose, everything else, I move to my cold/hot wallets.
🧊 Cold Wallets:
- Ledger Nano X
- Trezor Model T
🔥 Hot Wallets:
- Trust Wallet
- Metamask (not for BTC but good for ETH)
Always enable 2FA. Don’t share passwords. DON’T EVER SHARE YOUR PRIVATE KEY. The crypto world is a double edged sword. You control your funds. Nobody can take it away. But it also means if you lose your funds, nobody can help you.
🧠 Quick Q&A: Common Beginner Questions
❓ Can I buy less than 1 Bitcoin?
Yes. You can buy a fraction. SGD 10 = 0.0001 BTC (roughly)(at the time of this article).
❓ Is it taxed?
Nope. Singapore doesn’t tax capital gains (as of now). But do check with IRAS if you’re earning yield or running a crypto business.
❓ Is Dollar-Cost Averaging (DCA) smart?
Absolutely. Especially with volatile assets like BTC, dollar-cost averaging (DCA) is a smart move.
You don’t need to time the market perfectly—just show up consistently. It’s a simple strategy that’s stood the test of time.
Sounds boring? Maybe. Easy? Not at all.
Dropping $100 today and seeing it turn into $50 next month can mess with your head.
But zoom out and look at Bitcoin’s chart—it’s been on an upward trajectory since day one.
DCAing into BTC over the long term is probably the most reliable and low-stress strategy in crypto.
🧠 Safety First: How Not to Get Wrecked
✅ Use 2FA
Always. Yes, even if you’re just putting $50 in.
✅ Use strong passwords
“123456” is not a password. It’s a dare.
✅ Don’t FOMO into meme coins
Bitcoin is boring compared to dog-themed tokens—but that’s why it works.
✅ Avoid dodgy Telegram messages
No, that stranger isn’t going to 10x your money. Block them.
💡 Bonus: Local Hacks
🔁 Want to convert back to SGD?
All three platforms (Coinhako, Coinbase, Crypto.com) let you sell and withdraw via FAST.
🤑 Want free Bitcoin?
Use a referral link when signing up. Some exchanges give you SGD 10–25 just for starting.
(If you’re reading this, I’ve probably sneakily put mine somewhere… 😉)
🧭 External Links & Resources
🖼 Image Prompts (for AI-Generated Blog Visuals)
Image Prompt 1
- Filename: bitcoin-singapore-guide.png
- Alt Text: Young adult buying Bitcoin on phone in front of Marina Bay Sands
- Prompt: A modern Singaporean man holding a phone with Bitcoin interface, skyline of Marina Bay Sands and Merlion behind, clean vector style.
Image Prompt 2
- Filename: bitcoin-wallet-illustration.png
- Alt Text: Split screen showing a cold wallet and hot wallet interface
- Prompt: A safe Bitcoin storage illustration showing Ledger hardware wallet and Trust Wallet mobile app side-by-side, flat design with security icons.
🧾 Final Words
Buying Bitcoin in Singapore in 2025 isn’t rocket science. But it is a smart step toward financial freedom—if done right.
So take your time. Start with what you can afford to lose. Don’t overthink the dips. Zoom out. Stack sats. Sleep well.
And always remember…
Not your keys, not your coins.