Best Crypto Exchanges in Singapore 2025

Looking for the best crypto exchanges in Singapore 2025 to buy bitcoin and other digital assets quickly, safely, and at competitive fees Use this in depth guide to understand how cryptocurrency exchanges in Singapore work under the Payment Services Act, what to look for in a crypto exchange, which platforms are licensed by the Monetary Authority of Singapore, and how to get started with digital payment token trading in the most efficient way possible. We cover Independent Reserve, Coinhako, Crypto.com, Coinbase, Kraken, Bitstamp, and other reputable platforms. You will also find practical tips on spot trading, taker fees, deposits and withdrawals, identity verification, two factor authentication, and p2p trading considerations in the Singapore market.

Singapore remains one of the most progressive hubs for fintech and cryptocurrency exchanges in Asia. The Monetary Authority of Singapore MAS regulates digital payment token DPT services under the Payment Services Act PSA, with licensing categories that include the Major Payment Institution MPI regime. Choosing crypto exchanges in Singapore that are licensed by MAS or have in principle approval is key for safety, compliance, and peace of mind. On the other hand, platforms without local authorization may offer broader features but carry higher regulatory risk for users in Singapore.

Crypto in Singapore at a glance

Singapore’s crypto landscape is defined by clear rules set by the Monetary Authority of Singapore. By the monetary authority and through the Payment Services Act, the regulator supervises entities that provide digital payment token services, including exchanges in Singapore that offer buying, selling, and custody of cryptocurrencies. A Major Payment Institution license is a high standard that requires capital, risk management, cybersecurity, and compliance controls. A crypto exchange operating as a major payment institution has to meet stringent guidelines around safeguarding customer assets, technology risk management, and ongoing reporting to the authority of Singapore MAS.

Key points in the Singapore framework include disclosures that a digital payment token is not legal tender, volatility risks, and that DPT services are not suitable for retail investors who are not prepared to lose the entire sum. MAS also expects clear consumer warnings, strong identity verification KYC, and robust two factor authentication. The payment token market is also subject to Travel Rule requirements that affect deposits and withdrawals between exchanges in and outside Singapore. As a result, the best crypto exchanges in Singapore 2025 tend to focus on spot trading, secure custody, and transparent fees for users.

How to choose the best crypto exchange in Singapore

When evaluating crypto exchanges in Singapore, prioritize the following factors to find the best crypto exchanges in your situation.

• Licensing and safety in Singapore. Look for “licensed by MAS” or an “in principle approval” under the Payment Services Act. A platform that is one of the licensed entities or a major payment institution offers stronger regulatory oversight than an offshore exchange.
• Security controls. Two factor authentication, hardware security modules, cold storage, withdrawal whitelisting, and independent audits are essential. The platform should publish details on safekeeping of cryptocurrencies and identity verification processes.
• Fees and spreads. Compare taker fees and maker fees for spot trading, plus fees for deposits and withdrawals in SGD. Some exchanges charge for credit cards or debit cards purchases, while bank transfers can be free or low cost based on your brokerage account or bank.
• Liquidity and product range. The best crypto exchanges in Singapore 2025 list a broad range of cryptocurrencies with deep order books, and offer spot trading pairs in SGD or USD. Advanced order types like limit, stop, and recurring buys help users manage risk.
• Payment methods. In Singapore, bank transfers via FAST and other local rails are important payment methods. Using cards can be convenient, but fees for card purchases tend to be higher on the exchange.
• Ease of use. A clean interface, mobile app, and English support matter for daily trading and investing. Users can benefit from platforms that are easy to use with clear navigation and responsive customer support.
• Reputation and transparency. Choose cryptocurrency exchanges that are one of the most established in the market, with clear ownership, transparency reports, and strong compliance records.

The best crypto exchanges in Singapore 2025

Below are the top crypto exchanges in Singapore for 2025 based on licensing, safety, fees, liquidity, and user experience. This section emphasizes exchanges in Singapore that are licensed by the Monetary Authority of Singapore or that have in principle approval, as this is a key requirement under the Payment Services Act for operating a crypto exchange in Singapore.

Independent Reserve Singapore

Independent Reserve is one of the best crypto exchanges in Singapore 2025 for both retail users and professional traders who want a regulated environment. The platform operates in Singapore under a Major Payment Institution license for digital payment token services, issued by the Monetary Authority of Singapore. As a major payment institution, Independent Reserve adheres to stringent compliance, governance, and technology risk standards under the Payment Services Act.

Key strengths include deep liquidity in major pairs like bitcoin BTC and ethereum ETH, transparent taker fees and maker fees that can decline with higher trading volumes, and SGD support for deposits and withdrawals. Users can access spot trading with advanced order types, benefit from two factor authentication, and complete identity verification quickly. The exchange provides detailed information on custody practices and has a strong track record in the region. For Singapore users, bank transfers are typically the most cost efficient payment methods. Credit cards and debit cards may be supported through partners, but fees for card purchases can be higher than bank transfers on the platform.

Independent Reserve is easy to use enough for beginners while still offering professional tools. Institutional clients and high net worth users can access an OTC desk, and the exchange supports a broad list of cryptocurrencies with measured listing criteria. If you want a crypto exchange licensed by MAS with a Singapore first focus, Independent Reserve is a top pick in the best crypto exchanges list.

Coinhako

Coinhako is a homegrown Singapore cryptocurrency exchange that is licensed by MAS as a Major Payment Institution for digital payment token services. Coinhako is one of the most recognizable brands for crypto in Singapore, offering a simple app with SGD on ramps and off ramps, competitive taker fees for casual trading, and strong identity verification processes aligned with the authority of Singapore MAS requirements.

The platform emphasizes ease of use, making it straightforward for users to buy bitcoin and a wide selection of altcoins. Deposits and withdrawals in SGD are supported by local bank transfers. Two factor authentication is available, and Coinhako publishes educational content that explains what is the Payment Services Act and other compliance topics in plain language. For those who want a Singapore operated exchange with responsive local support, Coinhako is one of the best crypto exchanges in Singapore 2025.

Crypto.com

Crypto.com operates in Singapore with a Major Payment Institution license for DPT services granted by the Monetary Authority of Singapore. The platform is one of the largest consumer crypto brands globally and offers a robust app for buying, selling, and managing a portfolio of cryptocurrencies. In Singapore, Crypto.com emphasizes compliance with the Payment Services Act and provides clear risk disclosures for the digital payment token market.

Key features include a sleek mobile experience, recurring buy functionality, flexible spot trading on the exchange, and detailed price charts. Users can deposit SGD via bank transfer and withdraw funds back to their bank account. The exchange supports two factor authentication, address whitelisting, and other security controls. While the brand is known for its card program in some markets, users in Singapore should review current availability and fees for credit cards and debit cards purchases, as fees for these payment methods can be different from bank transfer fees.

For those who want a global platform with local licensing by MAS, Crypto.com is one of the best crypto options in Singapore 2025, combining breadth of assets with an easy to use app.

Coinbase Singapore

Coinbase is a US based crypto exchange that has secured a Major Payment Institution license for digital payment token services in Singapore. Licensed by MAS, Coinbase provides both a beginner friendly interface and Coinbase Advanced for spot trading with lower costs and advanced order types. The exchange is regarded as one of the largest cryptocurrency exchanges in the world and brings that liquidity and engineering scale to Singapore.

Users can complete identity verification quickly, enable two factor authentication, and access secure custody with a strong security track record. Deposits and withdrawals in SGD are available via supported banking partners, and additional payment methods may include card rails with separate fees. Coinbase is known for a higher standard of transparency, proof of reserves messaging, and clear disclosures. For users in Singapore who want a crypto exchange that is one of the most established globally and licensed by the Monetary Authority of Singapore, Coinbase is among the best crypto exchanges in Singapore 2025.

Kraken Singapore

Kraken is a global crypto exchange that received in principle approval from MAS to operate as a Major Payment Institution for digital payment token services. As of early 2025, Kraken serves Singapore customers in compliance with local guidance, and users should check the latest status to see whether a full license has been granted by the monetary authority. Kraken stands out with strong security, extensive spot trading pairs, and professional grade tools.

The platform is suitable for users who need more advanced order types, charting, and API connectivity. Kraken typically offers a transparent maker taker fee schedule that rewards liquidity provision, and it publishes extensive security documentation. Payment methods for Singapore users may focus on bank transfers, with cards sometimes supported through partners. If you want a crypto exchange with a long history of reliability and an in principle approval in Singapore, Kraken is one of the best crypto choices to consider.

Bitstamp

Bitstamp is one of the oldest cryptocurrency exchanges and has pursued regulatory approvals in multiple jurisdictions. In Singapore, Bitstamp announced in principle approval for a Major Payment Institution license for digital payment token services. Users in Singapore can benefit from the platform’s conservative risk approach, deep liquidity in core assets, and a reputation for operational stability.

Bitstamp supports spot trading, fiat rails where available, and prioritized security with two factor authentication and strict custody controls. The exchange is straightforward to use and offers a clear fee schedule. As with other exchanges in Singapore that have in principle approval, users should verify current licensing status and supported payment methods for SGD deposits and withdrawals at the time of account opening.

What is the Payment Services Act and why it matters

The Payment Services Act is the central framework that governs payment services and digital payment token services in Singapore. Administered by the Monetary Authority of Singapore, the PSA requires entities that provide DPT services to be licensed. Key license categories include the Standard Payment Institution and the Major Payment Institution, with MPI status reserved for larger players that meet higher thresholds and controls.

For users, choosing a crypto exchange licensed by MAS or a platform with an in principle approval under the Payment Services Act is the best way to ensure the exchange operates under local rules. The PSA mandates risk disclosures, technology risk management, audits, and internal controls. While this does not eliminate market risk—bitcoin and other cryptocurrencies remain volatile—the framework increases accountability and oversight. This is a key differentiator for the best crypto exchanges in Singapore 2025 when compared to offshore exchanges in other jurisdictions.

Fees in Singapore: taker fees, maker fees, and more

Understanding fees for spot trading and fiat rails is critical in choosing the best platform. Below is what to expect from exchanges in Singapore.

• Trading fees. Most exchanges in Singapore use a maker taker model for spot trading. Taker fees apply when you remove liquidity by placing market orders, while maker fees apply when you add liquidity with limit orders. Higher volume can reduce these fees on the exchange.
• Spread. In addition to fees, the difference between buy and sell prices represents the spread. The best crypto exchanges in Singapore 2025 offer tight spreads in BTC SGD and ETH SGD markets, reflecting deeper liquidity.
• Deposits and withdrawals. For SGD deposits and withdrawals, bank transfers are often low cost. Fees for card purchases can be higher. Always check the exchange’s fee page to see fees for deposits and withdrawals in the local currency.
• Other fees. Some platforms may charge for inactivity, account maintenance, or network withdrawal fees for transferring cryptocurrencies to external wallets. Network fees are set by the blockchain and passed through by the platform.

To optimize costs, consider using limit orders to reduce taker fees, funding your account via bank transfer instead of credit cards or debit cards, and consolidating trades to attain higher volume tiers if appropriate. Users can also watch for promotions from crypto exchanges in Singapore where the platform may offer reduced fees for a period.

Payment methods for crypto in Singapore

Exchanges in Singapore support a range of payment methods for adding and removing funds. The most common methods include:

• Bank transfers. FAST and other local rails are frequently supported by licensed exchanges in Singapore. Bank transfers are generally the most affordable for deposits and withdrawals in SGD.
• Cards. Credit cards and debit cards can be used on some platforms for instant buys. Fees for card purchases are usually higher than bank transfers, and some issuers may treat crypto purchases as cash advances.
• P2P trading. Some global platforms offer p2p trading to buy and sell crypto directly with other users. However, Singapore licensed exchanges focus on regulated on ramp methods, and p2p trading may not be available or emphasized due to compliance requirements under the Payment Services Act.

When selecting payment methods, base your decision on convenience, cost, and security. On the other hand, avoid methods with unclear fees or that require sending funds to third parties without robust protections.

How to buy bitcoin in Singapore

Here is a quick step by step overview for users who want to buy bitcoin using the best crypto exchanges in Singapore 2025.

1. Choose a licensed platform. Select a crypto exchange licensed by MAS or with in principle approval under the Payment Services Act, such as Independent Reserve, Coinhako, Crypto.com, or Coinbase.
2. Create your account. Sign up with your email and secure a strong password. Enable two factor authentication immediately.
3. Identity verification. Complete identity verification KYC using your NRIC, passport, or other government ID. Many exchanges in Singapore offer SingPass based verification for convenience.
4. Deposit SGD. Use bank transfer for deposits to minimize fees. Follow the exchange’s instructions to ensure the reference code and beneficiary details are correct.
5. Place an order. Navigate to the BTC SGD or BTC USD market and choose spot trading. If you want immediate execution, use a market order that incurs taker fees. For more control and potentially lower fees, place a limit order.
6. Enable additional security. Set withdrawal address whitelisting and keep two factor authentication active. Consider hardware security keys where supported.
7. Withdraw to a wallet optional. Advanced users may transfer bitcoin to a self custody wallet. Be sure to understand network fees, address formats, and seed phrase best practices. Users can also keep assets on the exchange if they are comfortable with the platform’s custody solutions.

Security and custody on Singapore exchanges

Security is the most important factor when evaluating cryptocurrency exchanges in Singapore. The best crypto exchanges in Singapore 2025 implement layered defense in depth processes, including:

• Two factor authentication. 2FA via authenticator apps or hardware keys reduces account takeover risk. SMS is better than nothing but less secure than app or hardware based methods.
• Cold storage. The platform should keep the majority of digital assets in offline environments. Hot wallet balances are minimized to handle withdrawals and other operations.
• Withdrawal whitelists and delays. Requiring pre approved addresses and adding security delays for new addresses help block unauthorized withdrawals.
• Segregation of funds. Clear segregation between customer assets and corporate assets is a must. Exchanges in Singapore often publish details on how assets are held.
• Audits and transparency. Third party audits, system controls reports, and proof of reserves methodologies are positive signals. Licensed entities by the monetary authority have to meet ongoing compliance requirements.

Despite robust controls, remember that a digital payment token is a high risk asset class. The monetary authority of Singapore MAS mandates risk warnings for a reason. Only commit capital you can afford to lose, and consider self custody for long term holdings if you have the expertise to manage keys safely.

Products and features: what you can and cannot do

In Singapore, regulated exchanges emphasize spot trading. Some products like leveraged derivatives, margin lending, and yield programs are restricted for retail under MAS guidance. As a result, the best crypto exchanges in Singapore 2025 focus on:

• Spot trading. Buy and sell cryptocurrencies on the exchange order book with transparent fees.
• Recurring buys. Dollar cost averaging tools help users spread purchases over time.
• Fiat on off ramps. SGD deposits and withdrawals via banks.
• Secure custody and wallet services. Custodial solutions with strong controls and optional address whitelisting.

Some offshore platforms promote features such as high yield programs and aggressive p2p trading flows. While those can be attractive, they may not align with the Payment Services Act and could be inaccessible to Singapore residents. Choosing an exchange in Singapore that complies with the authority of Singapore MAS is the safer approach, even if it means fewer speculative features on the platform.

Independent Reserve vs Crypto.com vs Coinbase vs Coinhako

Below is a comparative perspective on four of the top exchanges in Singapore Singapore to help you select the best crypto option:

• Licensing. All four are licensed by MAS as a Major Payment Institution or equivalent for digital payment token services, which is a key differentiator compared to offshore exchanges in.
• Ease of use. Coinhako and Crypto.com prioritize simplicity and a mobile first design that is easy to use. Coinbase offers both simple and advanced interfaces. Independent Reserve balances a clean UI with pro tools.
• Fees. Coinbase Advanced and Independent Reserve generally provide competitive maker taker fees for spot trading at mid to higher volumes. Coinhako and Crypto.com may be slightly higher at the entry tier but often run promotions.
• SGD rails. All support bank transfers for SGD deposits and withdrawals. Card fees vary by platform and can be higher.
• Asset selection. Coinbase and Crypto.com tend to list more tokens, while Independent Reserve and Coinhako list a curated set aligned with local compliance expectations.

Your choice should be based on which features you value most. For example, if lower trading fees and order book depth are paramount, Independent Reserve and Coinbase Advanced stand out. If you prefer a friendly mobile app and quick recurring buys, Crypto.com and Coinhako are excellent options in Singapore.

Exchanges with in principle approval to watch

Kraken and Bitstamp are notable platforms with in principle approval in Singapore, indicating positive progress with the Monetary Authority of Singapore. Users who want the breadth of global liquidity should keep an eye on these exchanges in 2025 as they work toward full licensing. Always verify the latest licensing status on the exchange’s official site and MAS registers before opening a brokerage account style crypto account with these platforms.

What is a Digital Payment Token DPT

Under the Payment Services Act, a digital payment token is a digital representation of value that is expressed as a unit, not denominated in any currency, and accepted as a medium of exchange that can be transferred, stored, or traded electronically. In plain terms, bitcoin is a digital payment token, as are many other cryptocurrencies used in trading and payments. MAS applies specific rules to DPT service providers to protect consumers and the financial system. This is why choosing cryptocurrency exchanges in Singapore that are licensed or approved by MAS is the best approach.

Risks and safeguards for users

Crypto markets are volatile. Bitcoin and other cryptocurrencies can experience rapid price swings. There are operational risks too, including exchange hacks, phishing attacks, and blockchain network outages. Users can take practical steps to reduce their risk when using crypto exchanges in Singapore:

• Use strong unique passwords and enable two factor authentication on the exchange and your email.
• Beware of phishing. Bookmark the official URL of the platform and use hardware security keys where possible.
• Verify withdrawal addresses carefully and whitelist frequently used addresses.
• Keep portfolio allocations modest relative to your overall net worth and investment plan.
• Review the exchange’s disclosures, fee schedules, and custody arrangements. Licensed by MAS platforms publish detailed risk statements.

Methodology: how we ranked the best crypto exchanges in Singapore 2025

Our assessment of the best crypto exchanges in Singapore 2025 is based on the following criteria:

• Regulatory status. Preference for exchanges licensed by MAS as a Major Payment Institution or those with in principle approval, under the Payment Services Act.
• Security. Two factor authentication, cold storage, audits, institutional grade controls.
• Fees. Maker taker schedules, spreads, and fees for deposits and withdrawals in SGD.
• Liquidity and execution. Depth in BTC, ETH, and top asset pairs, with robust order books.
• User experience. App and web usability, educational resources, and customer support responsiveness.
• Payment methods. Bank transfers and other local rails that reduce friction for Singapore residents.
• Compliance and transparency. Clear disclosures, strong governance, and adherence to MAS guidelines.

Common mistakes to avoid

• Using unlicensed platforms. Exchanges in Singapore with no license can expose you to additional risks and less recourse.
• Ignoring fees. High taker fees and card fees can eat into returns. Always check fee schedules before trading on the platform.
• Skipping identity verification. Identity verification is required on licensed platforms and helps protect against fraud.
• Failing to secure your account. Not enabling two factor authentication makes accounts a target.
• Not understanding withdrawals. Network fees, minimums, and Travel Rule requirements can affect transfers between cryptocurrency exchanges.

Who should use a licensed Singapore exchange

Licensed exchanges in Singapore are well suited to:

• Newcomers who need an easy to use app, guided onboarding, and clear disclosures.
• Long term holders focused on bitcoin and blue chip assets with bank transfer on ramps.
• Professionals who want compliance, strong custody, and stable operational processes.
• Investors who prioritize safety and clear rules by the monetary authority over speculative features.

If your priority is regulatory clarity, strong security, and SGD support, the best crypto exchanges in Singapore 2025 that are licensed by MAS are the right fit. If you seek features that are not available locally, understand the risks and regulatory implications of using offshore platforms. As a general principle, aligning with the Payment Services Act and the authority of Singapore MAS is the prudent path.

FAQ: Best Crypto Exchanges in Singapore 2025

What is the Monetary Authority of Singapore MAS role in crypto

The Monetary Authority of Singapore supervises digital payment token service providers under the Payment Services Act. MAS issues licenses such as the Major Payment Institution for DPT services and enforces rules on technology risk management, safeguarding of assets, consumer disclosures, and anti money laundering. Choosing exchanges in Singapore that are licensed by MAS or have in principle approval is key for safety and compliance.

What is the difference between a Standard Payment Institution and a Major Payment Institution

Both are licensing categories under the Payment Services Act. A Major Payment Institution handles higher transaction volumes and must meet additional capital and compliance requirements. In the context of crypto, an MPI licensee can provide digital payment token services at scale subject to MAS oversight. The designation a major payment institution signals stronger organizational capabilities and is a key indicator when selecting the best crypto exchanges.

Are crypto profits taxed in Singapore

Singapore does not tax capital gains generally. However, if you are trading crypto as a business or in a way that constitutes income, profits may be taxable as income. Consult IRAS guidance or a tax professional. This is not tax advice; laws can change in Singapore Singapore and other jurisdictions.

How do I compare fees across platforms

Look at taker fees and maker fees on the spot trading schedule, plus fees for deposits and withdrawals in SGD. Check whether the platform quotes all in pricing for instant buys, as spreads can be wider than the order book. Card purchases via credit cards or debit cards often carry higher fees. The best crypto exchanges in Singapore 2025 publish transparent fee pages.

Can I buy crypto with SGD via bank transfer

Yes. Licensed exchanges in Singapore typically support local bank transfers for SGD deposits and withdrawals. This is often the most cost effective method. Users can link a bank account and follow the exchange’s instructions for reference codes and beneficiary details to ensure funds are credited quickly.

Is p2p trading available in Singapore

Some global platforms offer p2p trading, but Singapore licensed exchanges focus on regulated on ramps in line with the Payment Services Act. If you use p2p trading on an offshore platform, understand the risks and ensure you are not breaching local rules. For most users, regulated bank transfers on licensed exchanges are a safer path.

What is identity verification KYC and why is it required

Identity verification is required by the Payment Services Act and anti money laundering standards. Users provide personal information and documents to confirm identity and address. This protects the financial system and helps exchanges in Singapore prevent fraud. It is a normal step when opening a brokerage account style crypto account with licensed providers.

Are my SGD and crypto balances insured

DPT services are not the same as bank deposits and are not protected by SDIC deposit insurance. Some exchanges carry private insurance for specific risks, but this is not the same as government insurance. Always read the exchange’s disclosures. Licensed by MAS platforms must provide clear statements about the nature of digital payment token risks.

What security steps should I take on day one

Enable two factor authentication, set withdrawal whitelists, use a strong password manager, and verify you are on the official website or app. Consider hardware security keys if the platform supports them. Do not share one time codes, and beware of phishing messages that impersonate the exchange.

What is the best crypto exchange for beginners in Singapore

Independent Reserve, Coinhako, Crypto.com, and Coinbase all offer beginner friendly experiences. For users who want the simplest onboarding and SGD rails, Coinhako and Crypto.com are a great start. For users who want more advanced tools with a simple mode, Coinbase and Independent Reserve are strong choices. All four are among the best crypto exchanges in Singapore 2025.

Which exchange has the lowest fees for spot trading

Fees vary by volume and account tier. Independent Reserve and Coinbase Advanced tend to be competitive at higher volumes, while Coinhako and Crypto.com may offer promotions or reduced fees at times. Always compare maker and taker fees for the pairs you trade most, and consider using limit orders to reduce taker fees on the platform.

Can I use credit cards or debit cards to buy bitcoin in Singapore

Some licensed exchanges support card purchases, but fees for card transactions are typically higher than bank transfers. Card issuers may also apply cash advance rules. Whenever possible, use bank transfers to minimize costs, and verify fees before using cards to buy a digital payment token.

What is the difference between a centralized exchange CEX and a decentralized exchange DEX

A centralized exchange is a company that matches buyers and sellers and holds custody for users’ assets, subject to regulations like the Payment Services Act in Singapore. A decentralized exchange runs on smart contracts without centralized custody. Most users in Singapore use regulated centralized exchanges for SGD on ramps and compliance with MAS rules.

Can I transfer crypto from my exchange to a hardware wallet

Yes. Users can withdraw to self custody wallets. Ensure you copy addresses correctly, understand network fees, and keep your seed phrase secure. Some licensed exchanges in Singapore require additional information under the Travel Rule when withdrawing to external addresses.

Which exchange is best for bitcoin only buyers

Independent Reserve and Coinbase are solid choices if you primarily buy bitcoin and want deep liquidity and strong security. Coinhako and Crypto.com also offer straightforward bitcoin purchases with SGD support. All are among the best crypto exchanges in Singapore 2025 for BTC spot trading.

How quickly can I start trading after signup

For most users, identity verification can be completed in minutes, especially with SingPass integrations. Once verified and after your SGD deposit clears, you can begin spot trading on the exchange. Processing times for deposits and withdrawals vary based on the bank and cut off times in Singapore.

What is “in principle approval” and does it mean the exchange is fully licensed

In principle approval indicates that MAS has assessed the application positively, subject to the exchange meeting final conditions. It is not a full license yet. Users should confirm when an exchange transitions from in principle approval to being fully licensed as a Major Payment Institution for digital payment token services.

Is Binance or Bybit available in Singapore

Availability of offshore exchanges changes over time due to regulatory requirements. For most retail users, the best approach is to use a crypto exchange licensed by MAS under the Payment Services Act. Check each platform’s official communication for current service status for users in Singapore.

Does MAS regulate bitcoin’s price or volatility

No. MAS regulates service providers under the Payment Services Act, not the price of bitcoin. The price is set by global market supply and demand across cryptocurrency exchanges. Users should be prepared for volatility and invest responsibly.