Best site to buy bitcoin in singapore

Go to Coinbase’s website. Coinbase is designed for people who want to gradually wade into cryptocurrency instead of diving into the deep end. While we are independent, the offers that appear on this site are from companies from which finder. On the other end of the spectrum, some exchanges can get you signed up, verified and buying cryptocurrency in just a few minutes. Choose a Bitcoin exchange. Choose a Bitcoin exchange The next step is to decide how and where you will buy Bitcoin. Among other beginner-friendly features are the ability to send money to someone as Bitcoin through just their email address, and an expansive educational section which slowly unfolds for users.

Buy Bitcoin and trade Crypto Currencies in Singapore with these Exchanges:

Note: This is largely written for Singapore residents, but foreigners can use singapote as a guide to buying Bitcoin regardless of where you are located. And mind you, I did ask! The answer was always:. No worries! Their workshops were mostly a preview — for them to up-sell their thousand-dollar course.

The regulatory environment

If you want to buy bitcoin from Singapore you can do that through using SGD or other fiat deposit sent to your bitcoin exchange account. You can send the required money to the bitcoin exchange using bank wire transfers or you can also use a credit card. The Monetary Authority of Singapore clearly articulated as early as that they do not intend to intervene in any transactions or commercial decisions related to bitcoin. Although the authority warned the public about the risk associated with using cryptocurrencies multiple times over the years, there has been no regulation put forth in the country regarding the usage of bitcoin and other altcoins. From the taxation perspective , bitcoin transactions are treated as barter transaction when used as a payment for purchasing goods. Singapore has no plans to regulate crypto currencies like the Bitcoin. If necessary, however, the city-state wants to subject individual entrepreneurial activities related to virtual money to legal regulation.

The State of Bitcoin in Singapore

Note: This is largely written for Singapore residents, but foreigners can use this as a guide to buying Bitcoin regardless of where you are located.

And mind you, I did ask! The answer was always:. No worries! Their workshops were mostly a preview — for them to up-sell their thousand-dollar course. So guess what? After evaluating both apps and asking both my friends in Singapore and abroad, I decided on using Coinbase instead. Some of the key reasons driving my choice came down to which site had more users, a higher level of security and more trustworthy team including an ex-Google software developeras well as the fact that Coinhako had their bank accounts abruptly shut by our local banks quite recently.

Prepare your documents for verification. This is needed as part of the KYC know your customer process, similar to that of a bank or stock exchange. Download an authenticator app, like Google Authenticator. Coinbase used to send an SMS to your registered phone number as their 2FA method, but this has since been switched to a digital authenticator. Scan your QR code in your authenticator app to link to Coinbase.

Write down your secret seed…. Or, a fraction of it. You should soon see this email:. You can buy Bitcoin for as little cash as you want!

The process is extremely fuss-free. This article originally appeared on SG Budget Babeand is republished here with permission.

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Singapoee of Contents. Want to turn your cash into cryptocurrency? Check out our OTC cryptocurrency trading guide to find out how buying OTC works as well as the benefits and risks you should be aware of. Enter the amount you want to buy. The exchange claims that users can instantly buy Bitcoin using credit and debit cards, or an Xfers virtual wallet.