There are a plethora of ways to obtain crypto in Singapore. The first step often involves signing up with an exchange or platform to buy bitcoin from. As with any financial asset, it is always wise to conduct a round of research before deciding on which platforms serve your interests best.
Setting up an account to buy crypto
Crypto can be bought fairly easily online with a cryptocurrency exchange, and does not necessarily require in-depth trading or technological knowledge! Coinhako’s user interface makes it extremely beginner friendly
Once you have selected an exchange, you will need to sign up, create and verify your account before you start trading.
Next Step: Verify Your Account
To create a safer and more accountable landscape for crypto traders, most exchanges and platforms that serve will require users to complete account verification. Depending on the platform you use, verification will be required before you can take actions on the platform - some platforms require you to verify before trading, and others before you make a deposit or withdrawal.
You should prepare an identification document, such as your NRIC (for Singaporeans), or passport. You may require additional documents as proof that you are residing in Singapore (Proof of Address) - these documents include utility bills or bank statements.
Haven’t gotten verified? Start HERE 👉
Unverified users missed out on the crypto bull run in 2017. Find out why HERE.
Funding your trades - Direct SGD deposits supported at Coinhako!
You can purchase bitcoin with other crypto holdings (crypto-to-crypto trading) or with fiat currency. Depending on the platform you use, the funding options may include debit or credit card, direct bank transfers or the use of external payment platforms such as Xfers.
At Coinhako, we offer customers the option of USDT deposits, Xfers Direct Charge or SGD Direct Bank Transfers- which has been our most popular and cost-effective option.
Once you have funds in your wallet, you’ll be ready to trade!
**Risk Warning:
You should be aware that the value of DPTs like Bitcoin may fluctuate greatly. You should
you put into such tokens.
What You Need
To create a safer and more accountable landscape for crypto traders, most exchanges and platforms that serve will require users to complete account verification. Depending on the platform you use, verification will be required before you can take actions on the platform - some platforms require you to verify before trading, and others before you make a deposit or withdrawal.
You should prepare an identification document, such as your NRIC (for Singaporeans), or passport. You may require additional documents as proof that you are residing in Singapore (Proof of Address) - these documents include utility bills or bank statements.
Stuck at verification? More about that HERE 👉
Where Do I Get Started if I’m a Crypto Beginner?
Crypto might seem intimidating if you’re completely unfamiliar with it. Because we understand the struggle behind trying to figure out complex interfaces, we designed our platform to be as beginner-friendly as possible.
We also know that beginners may not want to put a substantial amount of money into something they don’t entirely understand.
Which brings us to the next segment...
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