MAS Updates Digital Payment Token Regulations
The Monetary Authority of Singapore introduces new guidelines for crypto service providers.
Read moreBest Crypto Banking Services in Singapore
Compare MAS-regulated crypto platforms with SGD support and institutional-grade features.
Top Singapore Crypto Banks Comparison
| Provider | Rating | Key Features | Trading Fees | Currencies | |
|---|---|---|---|---|---|
 DBS Digital Exchange
Top Pick
| 4.8 |
| 0.50% /trade | 40+ coins | Visit Site |
| Coinhako | 4.7 |
| 1.00% /trade | 100+ coins | Visit Site |
| Independent Reserve SG | 4.6 |
| 0.50% /trade | 30+ coins | Visit Site |
| Gemini Singapore | 4.6 |
| 0.35% /trade | 100+ coins | Visit Site |
| Crypto.com Singapore | 4.5 |
| 0.40% /trade | 250+ coins | Visit Site |
| Binance Singapore | 4.5 |
| 0.10% /trade | 350+ coins | Visit Site |
| Luno Singapore | 4.4 |
| 0.75% /trade | 40+ coins | Visit Site |
| Huobi Singapore | 4.3 |
| 0.20% /trade | 300+ coins | Visit Site |
| Tokenize Xchange | 4.3 |
| 0.80% /trade | 50+ coins | Visit Site |
| Sygnum | 4.2 |
| 0.90% /trade | 70+ coins | Visit Site |
DBS Digital Exchange
Top Pick
4.8
Key Features
- MAS Regulated
- Institutional Grade
- Bank Integration
Trading Fees
0.50%/trade
Currencies
40+ coins
Coinhako
4.7
Key Features
- SGD Trading
- Instant Verification
- Mobile App
Trading Fees
1.00%/trade
Currencies
100+ coins
Independent Reserve SG
4.6
Key Features
- MAS Licensed
- Corporate Trading
- OTC Desk
Trading Fees
0.50%/trade
Currencies
30+ coins
Gemini Singapore
4.6
Key Features
- Institutional Platform
- Gemini Dollar
- Custody
Trading Fees
0.35%/trade
Currencies
100+ coins
Crypto.com Singapore
4.5
Key Features
- Visa Cards
- Earn Interest
- Exchange
Trading Fees
0.40%/trade
Currencies
250+ coins
Binance Singapore
4.5
Key Features
- Low Fees
- P2P Trading
- Large Selection
Trading Fees
0.10%/trade
Currencies
350+ coins
Luno Singapore
4.4
Key Features
- Easy Platform
- Learning Portal
- Savings Wallet
Trading Fees
0.75%/trade
Currencies
40+ coins
Huobi Singapore
4.3
Key Features
- High Liquidity
- Trading Bot
- Staking
Trading Fees
0.20%/trade
Currencies
300+ coins
Tokenize Xchange
4.3
Key Features
- Local Exchange
- Fast Verification
- SGD Pairs
Trading Fees
0.80%/trade
Currencies
50+ coins
Sygnum
4.2
Key Features
- Digital Asset Bank
- Tokenization
- Institutional
Trading Fees
0.90%/trade
Currencies
70+ coins
Latest Singapore Crypto Banking News
Singapore Banks Expand Crypto Services
Major Singapore banks announce expansion of cryptocurrency trading and custody services.
Read moreWhy Choose a Singapore Crypto Platform?
MAS Regulation
Licensed and regulated by the Monetary Authority of Singapore.
SGD Support
Direct SGD deposits and withdrawals through local payment methods.
Financial Hub
Access to Asia's leading financial center and crypto ecosystem.
Expert Reviews
DBS Digital Exchange
4.8/5
DBS Digital Exchange sets the standard for institutional-grade crypto services in Singapore. With full MAS compliance and seamless integration with traditional banking, it offers a secure and professional trading environment.
Pros
- Bank-grade security
- Institutional focus
- Regulatory compliance
Cons
- Higher minimum investment
- Limited retail services
Reviewed by David Tan on January 10, 2024
Singapore Crypto Banking FAQ
Are crypto platforms regulated in Singapore?
Yes, crypto platforms in Singapore must be licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act.
What payment methods are available?
Singapore crypto platforms typically support FAST transfers, PayNow, and traditional bank transfers for SGD deposits and withdrawals.
How are crypto gains taxed in Singapore?
Singapore does not impose capital gains tax on long-term crypto investments, but frequent trading may be considered income and taxed accordingly.