The Best Crypto Apps in Singapore for 2023

Singapore is a hotbed for crypto activities and Bitcoin exchanges. While there are several options on tap, picking the best crypto apps in Singapore can be difficult.

If you are based in Asia’s most crypto-friendly region and want to dive into the crypto space, this guide should come in handy. We will compare some of the best crypto apps in Singapore while highlighting their unique services, fees, supported crypto, ease of use, and payment methods. Let’s begin!

Crypto assets are a highly volatile unregulated investment product.

The Best Cryptocurrency Apps in Singapore Reviewed

Highlighting some of the best crypto trading apps in Singapore is one thing. The critical issues surrounding them are their fees, minimum deposits, cryptocurrencies supported, and ease of use.

In this section, we provide all these details and more about the top crypto exchanges in Singapore for 2023:

1. Evest – Overall Best Crypto Trading App in Singapore

With the Evest mobile trading app, investors can begin trading cryptocurrency CFDs in just a few minutes. One of the best crypto apps, Evest’s mobile application features a seamless design and simplifies the trading process. 

Evest’s app can be downloaded via iOS and Android. The app provides investors with responsive charts and all the available order types. However, one cannot access any indicators to perform technical analysis through the trading app. 

Evest offers solely CFD (Contract for Differences) trading on crypto assets. This is a form of speculation where traders bet on the future price movements of a particular digital asset. For instance, investors may leverage crypto CFDs to bet on the price of BTC to either fall or rise. 

Apart from cryptocurrencies, the Evest trading app lets investors trade more than 525 financial instruments. One can trade stocks, commodities, and indices by accessing more than 100 financial markets. 

Notably, Evest lets investors choose from four account types. The available features and minimum deposit differs per each type. For example, beginner investors may wish to start trading with the Silver account. This account lets one begin trading after making a $250 minimum investment. However, the spreads on the Silver account are the highest of all the available account types. 

On the other hand, the Diamond account lets traders customize their spreads. Due to the Diamond account’s high minimum deposit of $50,000, this account type may be suitable for advanced and regular traders. 

All account types give investors access to a demo account and the Evest Trading Academy. The Trading Academy can be leveraged to access several courses and lessons on basic and advanced trading terms and techniques. 

To get started with the best trading platform in Singapore, interested readers can make a deposit by using credit card options such as VISA and Mastercard, wire transfers, or supported e-wallets. The Evest trading platform is regulated by the Vanuatu Financial Services Commission.

2. OKX – Popular Crypto App Offering Low Trading Fees

One of the biggest cryptocurrency exchanges, OKX has a customer base of more than 20 million users from over 100 countries. With the OKX trading platform and the app, investors can access 340 + cryptocurrencies. 

From large-cap cryptos such as Bitcoin and Ethereum to meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB), OKX supports a multitude of trading assets. Notably, one may only pay a maximum fee of 0.10% per transaction when buying and selling cryptocurrencies. Furthermore, OKX lets one trade cryptocurrency futures and access margin trading. 

With the OKX app, investors can also apply up to 125x leverage on their trades. Through ‘OKX Earn,’ users can stake their digital assets to earn a yield. Other features on OKX include loan options and access to mining pools. 

OKX also offers a decentralized exchange, which lets users access liquidity pools, farm pools, and a decentralized wallet. Through the OKX app, investors can buy and sell NFTs from their own NFT marketplace.

One of the best cryptocurrency platforms, OKX lets investors buy cryptos directly with fiat. The transaction can be made through credit cards such as VISA and MasterCard, Apple Pay, bank transfers, and more options. OKX supports over 40 trading pairs to let users swap crypto tokens and stablecoins. Investors can buy as little as 0.01 BTC (308 SGD) on OKX. 

This Seychelles-based exchange lets investors begin trading cryptocurrencies after they create a new account in a few minutes. All investors must complete a Know Your Customer (KYC) form to start trading with OKX. 

3. Skilling – Trade 50 Crypto CFDs with this Popular Crypto App

Through the Skilling app, investors can trade more than 50 cryptocurrency CFDs with the click of a button. Skilling does not require users to set up a separate cryptocurrency wallet. Instead, its trading platform and app lets investors buy crypto CFDS 24/7. 

With Skilling’s app, investors can trade some of the top cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB). Moreover, traders can apply up to 50x leverage on their cryptocurrency CFDs. 

Apart from crypto CFDs, Skilling lets investors trade more than 900 instruments on the app. Skilling offers two account types – a standard and a premium account. While the standard account requires a minimum deposit of just $100, the spreads are comparatively higher than the premium account. However, the premium account requires a minimum deposit of $5,000. 

On Skilling, users can access 70+ technical indicators to trade cryptocurrencies and other assets. On the app, one can access the Skilling Trade Assistant, which lets users access multiple articles and gain knowledge on the trading sector. 

The app will also give users access to a copy trading feature through which strategies and traders of the top Skilling traders can be copied. Skilling supports multiple payment options, including credit/debit cards and e-wallets. 

4. Crypto.com – Overall Best Crypto App In Singapore For Security

Crypto.com offers one of the best crypto security features in the industry making its app our best crypto app in Singapore for safe crypto trading.

The Bitcoin exchange, supervised by the Malta Financial Security Authority(MFSA), operates under the Foris DAX Asia platform with oversight from the Monetary Authority of Singapore (MAS).

Looking to buy Bitcoin in Singapore securely? Crypto.com safeguards users’ funds with multi-factor authentication (MFA), address whitelisting, and the storage of more than 90% of funds in cold wallet storages. Users’ fiat currencies are also held in regulated custodian bank accounts to the tune of $250,000.

Crypto.com offers access to over 250 top-performing digital assets including the best meme coins and allows users to access over 600 coins on its DeFi Wallet app. New users can get started with as little as $20 or 27.7 Singaporean Dollars (SGD).

Fees on the platform are offered in a tiered system. Level 1 users are charged a trading fee of 0.4% for maker and taker fees. This is slashed to as low as 0.09% for Level 9 users. All Cronos token holders get to enjoy a 10% discount on their trading fees.

To fund an account, investors can use bank wire transfer, credit/debit cards, e-wallet solutions like PayPal, and StraitX transfers. Crypto.com also offers up to 8% crypto cashbacks for transactions executed using its Crypto.com Visa Crypto Card.

Essentially, Crypto.com offers one of the best crypto apps for Android and iPhone devices.

Cryptoassets are a highly volatile unregulated investment product.

5. Capital.com – Best Singapore Crypto App For Commission-free Trading

Capital.com, one of the best altcoins exchanges, is a multi-asset financial services broker. The broker is unique for its zero-commission trading system. This makes Capital.com’s app one of the best Singapore crypto apps.

Capital.com does not charge deposit and withdrawal fees, and new crypto users can get started with as little as 27.63 SGD. However, Capital.com charges overnight fees based on the leverage selected by the user.

Users can make deposits on the platform using bank wire transfer. They can also buy BTC with credit card, Skrill, Neteller, and other e-wallet solutions.

Capital.com has a rich library of 450+ digital assets. However, users can only trade crypto CDs – financial derivative instruments that track the price movement of an underlying asset.

Crypto CFDs are becoming increasingly popular especially for investors interested in day trading crypto, as they are more conventional and do not require investors to store the underlying asset.

To ensure security, Capital.com operates under oversight from the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the UK’s Financial Conduct Authority (FCA). Capital.com does not have a license from the MAS, but all clients’ funds are kept in a separate bank account from the company’s funds. Looking to buy stocks in Singapore? Capital.com also offers a wide range of stock CFDs with low trading fees.

6. Coinbase – Best App to Buy Bitcoin In Singapore For Beginners

Coinbase is another top option for users interested in the best crypto apps in Singapore. Due to its focus on new users, Coinbase is often regarded as the best trading platform for beginners.

The platform offers rich educational materials and incentivises users to learn by rewarding them for completing their learning programmes.

New users can invest in cryptocurrency with as little as 2.76 SGD. Users can deposit using bank wire transfers, credit/debit cards, and supported e-wallet solutions.

As fees, Coinbase charges 0.5% to 5% depending on the size of the trade, stipulated asset, and the current network fees.

In terms of security, Coinbase offers two-factor authentication (2FA), offline crypto storage, and bank-level security. Insurance coverage for users also sees them able to redeem up to $250,000 of their fiat deposits in the event of a hack.

Coinbase is regulated by the Financial Crimes Enforcement Network (FinCEN) and the UK’s FCA.

Cryptoassets are a highly volatile unregulated investment product.

7. Binance – Top Crypto App With Deep Liquidity And Low Fees

Binance is known worldwide as the world’s largest digital asset exchange. The Bitcoin exchange currently processes trades worth billions of dollars every 24 hours.

Binance’s success is largely tied to its deep liquidity and low fees. Users can easily trade over 600 digital assets without any issues.

The exchange offers one of the lowest fees in the crypto space. Level 1 users are charged a negligible fee of 0.10%, for trades, which can be reduced by 25% for Binance Coin (BNB) holders.

The minimum deposit starts at 13.82 SGD, and investors can fund their accounts using bank wire transfers, credit/debit cards, peer-to-peer (P2P), and crypto transfers. While order fees for StraitX users stand at 0.6%, crypto deposits are free.

Binance secures funds using 2FA, address whitelisting, and offline crypto storage. In terms of regulation, the exchange has regulatory clearance from most of the regions it operates.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

8. Bitpanda – Best App To Buy Crypto Index

Bitpanda offers trading access to an industry-leading crypto index, including the BCI5, BCI10, and BCI25 crypto indices. As a result, users can easily diversify their portfolios across top-performing digital asset classes.

The platform also offers access to 100+ digital assets, and users can get started with 25 Euros (about 36.42 SGD).

Deposit methods on Bitpanda include bank wire transfer, credit/debit cards, Skrill, Neteller, and other e-wallet solutions. The deposit flexibility makes the platform’s app one of the best crypto apps in Singapore.

For fees, Bitpanda charges a flat 1.49% for opening and closing trades. However, Bitpanda Pro offers a more inexpensive trading experience and users can pay as little as 0.1% in fees.

The platform is clean-cut and user-friendly, enabling users to easily place trades within minutes.

Also, Bitpanda is regulated by the Austrian Financial Market Authority (FMA).

9. Zipmex – Top Crypto App With Reasonable Fees

Zipmex needs no introduction as the digital asset trading platform offers one of the best crypto trading apps in Singapore. Launched in 2018, The Bitcoin exchange allows users to buy, sell, and exchange over 60 digital assets.

Zipmex is becoming popular due to its low fees. The Bitcoin exchange offers a trading fee of 0.2%. Users can further reduce their trading fees by holding a minimum of 100 ZMT, the platform’s native token, ensuring VIP Level 1 users enjoy a 10% discount on their trades.

Zipmex charges zero fees for crypto deposits and SGD deposits. However, withdrawals are subject to the cryptocurrency in question, and SGD withdrawals are charged at 0.3%.

Zipmex operates under an exemption umbrella for digital payment token (DPT) payment service providers. The platform is user-friendly and the trading interface is clean-cut and easy to navigate.

Top Singapore Crypto Apps Compared

If you are looking for a brief overview of the best crypto apps in Singapore, this table should help.

How to Choose the Best Crypto App for You

If you are keen on selecting the best choice for you, we recommend weighing each app against the following metrics:

1. Regulation

Because financial bodies take time to investigate and supervise each platform’s services, using a regulated crypto exchange increases the chances of your funds’ safety. Moreover, most regulated platforms tend to offer insurance coverage in the event of a cyber-attack that leads to loss of funds.

2. User Experience

Using an intuitive mobile app to trade digital assets makes the process engaging and easy to understand. Look out for the overall design language and how easy it is for you to place trades.

3. Fees

Every trader intends to maximise their investment. As a result, fees should be thoroughly vetted. Consider deposit, withdrawal and trading fees.

Also, look out for hidden costs, such as overnight charges for holding a position throughout the night.

4. Tools & Features

Unique tools and features are necessary to help you make better trading decisions. If a platform offers AI-powered services or other industry-leading tools, utilise them to reach your financial goals better.

5. Payment Methods

Prioritise using a platform with multiple payment methods. This gives you flexibility and options and makes it easy to fund your trading account. Some of the best crypto apps in Singapore offer support for bank wire transfer, crypto transfers, P2P, credit/debit cards, and e-wallet solutions like PayPal, Skrill, and Neteller.

6. Tradable Cryptos

Users should also consider access to popular and deep liquidity crypto-assets. Ensure to use a platform with a sizable amount of digital assets as this guarantees liquidity for trades.

Best Crypto Wallet Apps

As important as investing in Bitcoin is, storing your digital assets is even more critical. After selecting the best crypto apps in Singapore, users must acquire a top-notch crypto wallet service. Before we identify the best crypto wallet app in Singapore, let’s discuss what a crypto wallet is.

A crypto wallet is a storage device and a blockchain-specific storage mechanism that safeguards virtual assets. There are several kinds of crypto wallets:

1. Hardware Wallets

Hardware wallets are also called cold storages. With a hardware wallet, users can store their private keys (set of cryptographic symbols and letters used in authorizing transactions). Most hardware wallets come in the form of a USB device and can be plugged into a desktop or laptop to access or store digital assets.

Hardware wallets are generally believed to be more secure than their hot or software counterparts, given their general nature of offering storage in an offline pattern.

However, they only work with a desktop or personal computer. As a result, hardware wallets are not ideal for everyday crypto transactions and users who are always on the move.

2. Software Wallets

Software wallets are software applications that store digital assets.

Software wallets require an internet connection before users can access their portfolio and check their balances. Most users tend to gravitate towards software wallets for everyday crypto transactions given the convenience they offer. They are also multi-currency, and a few come with password recovery services.

In terms of security, software wallets take the second position on the list of wallets as users’ coins can easily be stolen in a security breach.

3. Paper Wallets

Paper wallets are what they sound like – crypto assets stored on print. They contain a user’s private keys and public keys, and a few come with barcodes for ease of use. Although paper wallets were the first iterations of digital asset storage, they are prone to damage or loss. Hence, more users are relying on hardware and software wallets to secure their digital holdings.

With so many options on digital asset storage, several newbies may be wondering which one is the best. The answer lies in how you intend to use it. If you plan to buy and hold for the long term without any significant exchange, then a hardware wallet should fit the bill.

However, a more active crypto presence would require you to use a software wallet. Some of the best crypto wallet apps include Crypto.com’s DeFi Wallet, Coinbase Wallet, and the Binance Chain Wallet. However, Crypto.com DeFi Wallet is our top pick for the best crypto wallet app due to a number of reasons.

First of, the software wallet offers large support for multiple cryptocurrencies. Users can easily store 600+ digital assets with ease. The DeFi wallet comes with an ‘Earn’ function for generating stable returns on crypto holdings. Also, the software wallet comes with a DeFi Swap function, which allows traders to triple their investments.

Crypto.com DeFi Wallet is non-custodial. This means you have full control of your private keys and cryptocurrencies, and 2FA and biometric login protect your funds. If you are looking for the best crypto wallet app, we recommend tapping into the Crypto.com DeFi Wallet.

How to Use a Crypto Trading App in Singapore

Now that we have reviewed some of the best crypto apps in Singapore, how do you place your first trade? To demonstrate, we will provide a step-by-step tutorial on using the best Bitcoin app in Singapore, Evest, to invest in your first digital asset.

• Step 1: Signup on Evest – Head over to the Evest website and start completing the registration form. Users are required to enter their first and last name, email address, and phone number. Select the ‘Click to Start’ option to continue.

• Step 2: Verify ID – On the drop-down box on the right side of the page, an option for the verification center will appear. Users are required to provide their details before the account is verified.
• Step 3: Deposit Funds – After the account is verified, users can select their preferred account type and make a deposit. The minimum deposit will range between $250 to $50,000.
• Step 4: Begin Trading – After the deposit is completed, investors can start trading their favorite crypto CFDs with Evest.

Conclusion

The crypto market is rapidly expanding, and more trading platforms are springing up by the day. While regions like Singapore are one of the hotspots for digital assets trading, getting the best crypto apps in Singapore is no mean feat.

Given this, we recommend using Evest for all your crypto trading activities. This crypto app will let users trade cryptocurrency CFDs.  Traders can use multiple payment options, access demo accounts and educational materials with Evest.

FAQs