Times have changed and more and more people are switching from stocks to cryptocurrency like Bitcoin, Ethereum, etc. In today’s article we are going to list some of the online platforms where you can buy sell trade cryptocurrency like bitcoin as a Singapore resident.
If you are in Singapore and want to buy Bitcoin, Coinbase provided three methods on payment: credit / debit card or bank transfer.
Once your account checks-out you should be all good for receiving your account information. You will need it when making bank transfer deposits, which is done through a third party, namely Xfers Transfers. There are no deposit fees and the transaction is done instantly. However, the commission for purchasing coins is 1, 49%.
Verifying your identity is also needed if you want to use the credit / debit card. And the fee using it to exchange currency is slightly higher, 3, 99%.
With Coinmama you can buy Bitcoin from almost anywhere in the world. The fee is 6% for every purchase.
They won’t ask for any identity verification if you buy Bitcoin under the amount of $150.
The GDAX platform is very popular in the US. It’s not so much in other parts on the world because of their not so friendly user platform. Regardless, you can give it a try and see if it works for you.
It offers several ways of funding your account, like: bank wire, bank transfer or SEPA (Single Euro Payments Area).
This is a platform where Bitocin supply and demand meets. Usually, the users list which of the payment methods they prefer for doing the exchange, however it’s cash deposit in most of the cases.
They also facilitate in-person meeting that are rather secure and can be a fast and less out in the open way of buying Bitcoin.
CoinHako is a broker based in Singapore. It’s mainly supported by USA investors. Their way of working is through bank transfers from Singapore or Malaysia and bank wire from all over the world. You can also buy Bitcoin in a matter of minutes if you choose to make the transaction through Xfers.