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Buy Bitcoin (BTC) in Singapore with SGD with Lowest Fees
Buy Bitcoin (BTC) in Singapore with SGD with Lowest Fees
Are you ready to hop onto the crypto train? Invest in Bitcoin, the world's top cryptocurrency, with our secure crypto exchange platform! Shop with ease! We have bank-level security, low trading fees, and plenty of popular cryptos to choose from. Buy BTC with no hassle — use a credit card, debit card, bank account, or Apple Pay. Get incredible rates and buy Bitcoin instantaneously! Don't wait - join the new financial revolution now!
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How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
All premium offers in one spot
We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
How Is The Price Of Bitcoin Determined?
Bitcoin’s price is determined by a combination of factors, including supply and demand, market speculation, and the level of adoption. The circulation supply of Bitcoin is finite, therefore when demand increases, the price of Bitcoin will also rise.
The price of Bitcoin is subject to market speculation, as crypto investors may purchase or sell, depending on their expectations of price movements. The adoption rate of Bitcoin can influence its demand and price. Remember, the value of Bitcoin is highly unpredictable, so staying informed of the latest developments in the cryptocurrency market is essential.
Mining Bitcoin can affect the price of Bitcoin. Miners verify transactions on the Bitcoin network, maintain its security, and ensure the integrity of the entire blockchain. They are rewarded with new BTC coins for their work. This increases the supply of Bitcoin, which can drag the asset’s price down.
On the other hand, miners also create a demand for Bitcoin, as they need to acquire Bitcoin in order to mine it. This can upward pressure the price. Miners can influence the price of Bitcoin by choosing which transactions to include in a block, as miners are incentivised to include transactions with higher fees. Therefore, mining can affect the price of Bitcoin, but the effect is not as significant as other factors, such as demand and supply.
Can I Buy Less than 1 Bitcoin?
Yes, you can buy less than 1 Bitcoin. In Singapore, you can buy as little as 0.001 Bitcoin. The process is the same as buying 1 Bitcoin, but you will need to adjust the amount accordingly. The price of Bitcoin fluctuates, so it is essential to check the current price before you make a purchase. Sometimes, exchanges may have a minimum purchase amount, so be sure to familiarize yourself with the terms and conditions of the given cryptocurrency exchange before using it for your Bitcoin activities.
Where to Store Your Bitcoins?
There are several ways to securely hold your digital assets. One option is storing Bitcoin in a wallet on your computer or mobile device. Also, you can use an online wallet, like a custodial exchange wallet available on Coinbase.
You can also use a hardware wallet, such as a Ledger or Trezor.
A hot wallet is a crypto wallet that is offered via a software program, which stays continuously online. A cold wallet, on the other hand, is a physical device requiring specific actions (e.g. connecting to a computer through USB) to launch cryptocurrency transactions.
Hot wallets are famed for their convenience and support of multiple additional features. Many advanced solutions allow users to trade Bitcoin for other cryptos or sell Bitcoin directly to their cards or bank accounts. Custodial online wallets of international cryptocurrency exchanges may also allow you to participate in initial coin offerings, access margin trading, trade cryptocurrencies for fiat or other cryptos, and use lots of other nifty functions from your dashboard. However, hot wallets are often the desired targets for crypto hackers.
Hardware (cold) wallets are more secure as they keep private keys outside of an online environment. However, the features of a cold wallet can be limited, since such a tool is only good for storing, sending, and receiving digital assets without providing other options such as coin management or interest-bearing operations.
Which Bitcoin Wallet Can I Use?
The space of cryptocurrency wallets offers a wide range of options, with Ledger and Trezor cold wallets being the most recognizable. These hardware wallets are widely used thanks to their extra strong security protections, ease of use, advanced features, and support for multiple cryptocurrencies. Other popular solutions include Exodus, Electrum, and Mycelium.
You can also store Bitcoin in a hot wallet on the cryptocurrency exchange. An exchange wallet is given to you when you open your cryptocurrency exchange account. All Bitcoin wallets come with their advantages and disadvantages. It is vital to do your research and choose a crypto wallet that fits your needs and guarantees the high security of your digital assets.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
Is it Legal to Buy Bitcoin in Singapore?
Understanding cryptocurrency is essential before purchasing Bitcoin in Singapore.
Bitcoin (BTC) is a digital asset designed to act as a medium of exchange. It is based on blockchain technology — a distributed ledger powered by a decentralised network of computers — which records economic transactions, balances, and account numbers.
Bitcoin was first introduced in 2009 by unknown creator Satoshi Nakamoto. It is the most popular cryptocurrency by market capitalization, with its usage being accepted by many individuals and businesses worldwide. Bitcoin has had its fair share of volatility, with its value fluctuating significantly over the years.
As the fundamentals of Bitcoin are covered, it is time to disclose the legal aspect of cryptocurrencies in Singapore.
The Monetary Authority of Singapore (MAS) performs cryptocurrency regulation in Singapore. It requires all cryptocurrency exchanges operating in Singapore to be registered with the agency and comply with the Payment Services Act. Independent Reserve is among the first Bitcoin exchanges in Singapore to be licensed by the Monetary Authority of Singapore.
It is legal to buy Bitcoin in Singapore as long as you purchase it through a well-regulated cryptocurrency exchange. However, the MAS has issued warnings to investors about the risks associated with buying and trading cryptocurrencies, including the potential for price volatility, fraud, and cybersecurity hazards.
Apart from regulation, tax rules apply to cryptocurrencies in Singapore. Here, the taxation of crypto coins is determined by the Inland Revenue Authority of Singapore (IRAS). According to the IRAS, cryptocurrencies are taxed as a form of income, and the tax rate is determined based on the type of cryptocurrency. For example, if you are trading in Bitcoin, the tax rate is 7%.
Besides income tax, Singapore also imposes a Goods and Services Tax (GST) on cryptocurrency transactions. Businesses that provide services for exchanging digital payment tokens (DPTs) for fiat currencies or other digital payment token services, or provide loans of DPTs, will not have to pay GST.
People who engage in Bitcoin mining as a hobby will not be taxed on their profits from mining, but commercial cryptocurrency mining is a taxable event. Additionally, there are holding and annual spending limits of S$5,000 and S$30,000 for e‑money stored or transferred in and out of personal e-wallets when converting cryptocurrency to fiat money.
It is absolutely necessary to remember that the taxation of cryptocurrency is subject to change, so it is wise to stay up to date with the latest regulations. Consider consulting with a tax professional if you have questions about the tax implications for your crypto activities in Singapore.
Best Ways to Buy Bitcoin in Singapore Safely
From registering with a cryptocurrency exchange to using a P2P marketplace, ways to buy Bitcoin (BTC) in Singapore are plentiful. However, the safest, quickest, and easiest way to do so is through a dedicated crypto exchange platform.
Online crypto exchanges are special platforms that allow you to buy and sell Bitcoin and other cryptocurrencies. It is essential to compare crypto exchanges and choose the most reputable provider before you embark on your crypto journey. Opt for a platform that has been around for a long while, has a good reputation, and is regulated by established financial authorities.
Changelly is the best crypto exchange to start trading digital assets. We offer an extensive inventory of cryptocurrencies to trade, which is coupled with industry-low fees, institution-grade security, and instantaneous executions.
A global cryptocurrency exchange, we serve traders from around the world, including Singapore, the United Kingdom, South Africa, the United States, South Korea, United Arab Emirates, New Zealand, Southeast Asia, and much more. If you want to trade Bitcoin seamlessly, Changelly is a smart choice.
Using a secured personal cryptocurrency wallet is also necessary when you are planning to buy Bitcoin. A cryptocurrency wallet is a digital wallet that allows you to store, transfer, and receive cryptocurrency.
While you can hold your crypto assets on an exchange platform, it is safer to use a personal crypto wallet. This gives you more control over your funds and reduces the risk of theft or fraud. When choosing a cryptocurrency wallet, it is paramount to use a secured personal wallet. This means a wallet that allows you to control your private keys, which are the secret codes that give you access to your funds and let you transact on the blockchain.
There are more handy ways to buy Bitcoin safely in Singapore.
How to Buy Bitcoin with Credit and Debit Card
Singapore has become a hub for Bitcoin and cryptocurrency trading, with many exchanges allowing users to easily buy and sell digital assets. One of the easiest ways to buy BTC in Singapore is to use a credit card or a debit card. Many cryptocurrency exchanges, including Changelly, accept credit and debit cards as payment methods.
To buy Bitcoin with a credit or debit card, you need to sign up for a cryptocurrency exchange account with the selected crypto trading platform, provide your personal details and payment information, and then make a purchase. However, it is essential to note that buying Bitcoin with a credit or debit card can be expensive, as deposit fees can be associated with the convenience of using the fiat currency of your card.
How to Buy Bitcoin with Bank Transfer in Singapore
Bank transfers are one of the most popular methods of buying Bitcoin (BTC) in Singapore, as they allow users to transfer funds from abroad. An overseas bank transfer is a convenient option, as it allows users to avoid the hassle of converting their local currency into another currency. A wire transfer is typically the least expensive option because it does not result in any additional deposit fees.
To purchase BTC with a Singapore bank account, you will first have to sign up with a cryptocurrency exchange and then provide your personal identification documents and payment details for the Know Your Customer Requirement (KYC). Funds will then be transferred to the exchange's bank account, but this process may take several days. A bank transfer may not be an easy path to follow for those crypto investors looking to quickly buy Bitcoin.
How to Buy Bitcoin with Apple Pay
In Singapore, users with an iPhone can purchase Bitcoin through Apple Pay. Several cryptocurrency exchanges, such as Changelly, accept this form of payment. To do so, you need to register for an account with the exchange, complete a KYC procedure, enter payment details, and proceed to purchase. Be aware that acquiring Bitcoin with Apple Pay can incur a significant trading fee, especially when using a credit card linked to the Apple Pay wallet.
How to Buy Bitcoin from ATM in SingaporeX
A crypto ATM is a physical machine that allows users to buy and sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and others, using physical money: paper banknotes or debit/credit cards. It works similarly to a traditional ATM, but instead of dispensing cash, it dispenses cryptocurrencies, which are then stored in the user's digital wallet.
In Singapore, it is currently not possible to purchase cryptocurrencies through Bitcoin ATMs. The matter is the Singaporean government has concerns about these vending machines, believing that they might promote impulse trading decisions.
However, if you happen to be in a place where there are lots of crypto ATMs, you can easily avail yourself of their services and buy BTC from them. Here is how you can do so.
To purchase Bitcoin from a Bitcoin ATM, you must first find a terminal in proximity, then use your wallet QR code to initiate the transaction, followed by inserting cash into the machine, after which you will receive the transferred Bitcoin into your wallet.
This method of buying crypto is very convenient, as you can avoid any sign-ups or verification formalities. You only need a user-friendly and secure digital wallet to send your digital coins to. However, this convenience is not free. The average transaction fee of Bitcoin ATMs is 8.93%, and limits also apply to the amount of cryptocurrency you can buy or exchange in a single transaction. Before you buy cryptocurrency through a Bitcoin ATM, find out about the fees and limits established by a particular machine.
How to Buy Bitcoin with PayPal
Unfortunately, it is not currently possible to buy Bitcoin with PayPal through online crypto exchange platforms in Singapore. However, if you have your heart set on buying digital currency only with PayPal, you can resort to peer-to-peer marketplaces and find a Bitcoin seller who will accept your payment via PayPal.
How to Buy Bitcoin with Prepaid Card
Most exchanges allow you to purchase Bitcoin (BTC) with a prepaid card, and the process is usually straightforward. All you need to do is register an account, verify your identity, and then deposit funds into the platform using your prepaid card. Once your account is funded, you can proceed with purchasing Bitcoin. Make sure you are using a reputable exchange and do your due diligence to be certain of buying Bitcoin safely.
How to Buy Bitcoin with Cash in Singapore
Buying Bitcoin with cash in Singapore can be done in a few different ways. One of the most popular ways to purchase Bitcoin with cash in Singapore is through peer-to-peer marketplaces. These platforms allow you to connect with other individuals who are looking to buy or sell Bitcoin. You can get in touch with the selected counterparty and make a deal with them, mutually agreeing on the payment scheme and terms to use for a transaction.
Money transfers via banks and other financial institutions (such as Western Union) are also among the available options for buying Bitcoin in Singapore. You can go to a local bank office (or cash transfer branch) and get your money transferred to your Bitcoin seller.
It is in your best interests to make Bitcoin deals only with the individuals whom you know well or can trust. Whether you are paying money via a bank transfer or peer-to-peer trading, you need to be sure that your Bitcoin seller will certainly send BTC to your wallet.
Can Foreigners Buy Bitcoin in Singapore?
Yes, foreigners can buy different cryptocurrencies in Singapore. The Monetary Authority of Singapore (MAS) has clarified that buying cryptocurrencies is legal in the country for both residents and non-residents. However, there are some restrictions in place. For example, MAS has said that financial institutions are not allowed to deal with cryptocurrencies. This means that you cannot buy Bitcoin or other cryptocurrencies through a local bank or investment firm in Singapore. Fortunately, you can send Singapore dollars from your bank account to a crypto trading platform, and then use these funds for buying Bitcoin.
Who Accepts Bitcoin in Singapore?
There are a growing number of businesses in Singapore that accept Bitcoin as payment. These include online stores, restaurants, and other service-based businesses. Here are some of the most prominent brands and producers that accept payments in Bitcoin and other coins in Singapore:
BullionStar. It is a leading bullion dealer in Singapore, offering a wide range of products including silver, gold, and platinum bars, coins, and jewellery, as well as bullion supplies and savings programs. They have an extensive selection of over 1,000 different products across 13 different categories.
&glazed. It is one of the earliest adopters of Bitcoin transactions in Singapore, offering high-quality pottery and ceramics.
Maison Ikkoku. It is a popular restaurant in Kampon Glam, Singapore, which takes cryptocurrencies, such as Bitcoin and Ethereum, for payment.
Charles & Keith is a Singaporean fashion house label specializing in footwear, handbags, and fashion accessories. Customers with existing crypto wallets simply can scan a QR code at checkout to make payment with their cryptocurrency holdings in BTC, ETH, or USDT.
Kibbles. It is a renowned supplier of products and accessories for pets, and also an advocate of innovations and digital transformations. For this reason, the company accepts lots of cryptocurrencies as a payment method, such as Bitcoin, Bitcoin Cash, Dogecoin, and many others.
How to Cash Out Bitcoin in Singapore?
There are several ways to cash out Bitcoin in Singapore. The most common method is to use a cryptocurrency exchange to sell your Bitcoin for Singapore dollars. You can also use a peer-to-peer marketplace to find someone whom you can sell Bitcoin for fiat currency.
When cashing out Bitcoin in Singapore, you should be aware of withdrawal fees that may incur. Most cryptocurrency exchanges charge a withdrawal fee for SGD or USD withdrawals, which can vary dramatically depending on the platform. It is best to compare commissions of different cryptocurrency exchanges before cashing out your Bitcoin.
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