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How to buy bitcoin in Singapore: Best Exchanges To Buy Crypto & Bitcoin In Singapore

Singapore has a free market and a highly developed economy. Thanks to its clear and strong laws and political stability, Singapore continues to attract FDI or Foreign Direct Investment. The city-state’s financial services regulator, MAS or The Monetary Authority of Singapore regulates the operations of all cryptocurrencies. Therefore, for any bitcoin exchange platform to ply its trade in Singapore, it needs to comply with the measures laid down by MAS.

Cryptocurrency exchanges present one of the easiest ways to buy bitcoin in Singapore. There are several such exchanges in the city-state, and you can easily select one of them based on your preferences and requirements. However, users need to know that different exchanges tend to attract different payment modes, withdrawal limits, verification processes, and transaction fees. Also, certain bitcoin exchanges in Singapore require users to get a wallet of their own before they start trading in the bitcoin market. It is recommended that you own a wallet for trading purposes for security reasons.

Here are some steps that can be followed to buy bitcoin in Singapore:

1. After selecting a cryptocurrency broker or exchange and opening an account with them, you can sign in to your account.

2. Select your cryptocurrency buying option as Bitcoin (BTC)

3. You need to have enough fiat currency or SGD in your bank account before you decide on the amount for buying bitcoins.

4. After selecting the amount, you can preview your purchase.

5. After making sure that all the entered details are correct, complete your purchase by hitting the option ‘Buy’.

Given below are some of the best bitcoin exchange platforms in Singapore:

How to Buy Bitcoin in Singapore 2023

1. Binance

When you’re looking for a bitcoin exchange company in Singapore, Binance is a prominent name that comes to mind. Binance is regulated and well-trusted in Malta where it is regulated by the Maltese Virtual Financial Assets Act. With Binance, users can buy and sell bitcoins directly using a debit or credit card alongside other payment options, like a bank transfer. The best part about trading bitcoin using Binance is that they charge one of the lowest transaction fees, from 0.1%. Getting started with Binance is easy. The verification process with the company is convenient and fast. After uploading a few documents online, your account will be verified in a matter of minutes.

2. Paxful

Came into existence in 2015, Paxful has made rapid strides as a cryptocurrency exchange services provider. Today, the company has several offices across the globe and has more than 200 employees on its rolls. Paxful’s versatile platform allows users to buy and sell bitcoins whenever they want. In all, Paxful emerges as a great alternative for buyers, when the traditional exchanges fail to cut. A majority of exchanges suffer from limited payment methods or geographic restrictions, but Paxful, on the other hand, gives the power to users to trade with bitcoins and thereby facilitating a trading market that is a decentralized one.

3. CEX.IO

CEX.IO was established in London in 2013 as a cloud mining and bitcoin exchange service provider. However, after two years in operation, the service provider shut down its cloud mining operations and now solely focuses on cryptocurrency exchange services. The company is FINCEN registered and complies with both KYC and AML policies to ensure all clients have verified their identity before they start trading in cryptocurrencies, including bitcoin. The process of bitcoins on CEX.IO is straightforward. After visiting the platform, you need to click on the ‘buy/sell’ option. Choose ‘bitcoin’ as your option and your payment currency. Thereafter, select the amount required for buying bitcoin and click on ‘buy’. Enter your payment details. In the last step, you can withdraw the coins to your wallet.

4. Coinbase

Coinbase continues to be one of Singapore’s favorite bitcoin exchange platforms. Having been around for a long time, Coinbase started as a bitcoin brokerage service but slowly explored other territories to include additional services. Its user-friendly interface has what made Singaporeans hooked to Coinbase’s services. Its wallet services came into existence in 2018 when it launched its independent wallet for Android and iOS devices. In this wallet, users can store their funds, and only then can have access to it. Another useful feature of Coinbase is that it provides online merchants a dedicated plugin through which they can accept cryptocurrencies through their websites.

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How To Buy Bitcoin In Uae : Best Exchanges To Buy Crypto & Bitcoin In Uae

How To Buy Bitcoin In Uae : Best Exchanges To Buy Crypto & Bitcoin In Uae

The digital currency explosion in the Middle East has prompted many governments there to collaborate with different companies to provide their versions of cryptocurrencies. Alongside this development, a slew of cryptocurrency companies and exchanges have also begun their operations throughout the Middle East, including the UAE.

People in the UAE have taken cryptocurrencies, especially bitcoin seriously. The result is seen in the dominance of this digital currency on the market. Its wide spread acceptance, liquidity, and popularity has meant more and more merchants are now accepting it as a form of payment. While buying bitcoin is easy, you need to make sure you select an appropriate exchange or broker. This will be your first step in buying bitcoin in the UAE. At the end of the step, you need to have a functional crypto wallet that can store your bitcoins, receive gifts, and make purchases. This popular digital currency is available in the UAE since 2014 and growing rapidly since then.

Here, we are listing some of the most popular exchange companies that will help you buy, store, and sell bitcoins.

How to Buy Bitcoin in UAE

Buy Bitcoin in UAE

1. Paxful

Came into existence in 2015, Paxful is a peer-to-peer digital wallet and cryptocurrency exchange provider. In using Paxful, clients can buy and sell bitcoins and other cryptos whenever required. Currently, the company has more than 4.8 million active users and has offices in the Philippines, Estonia, the USA, and Hong Kong. Opening an account with Paxful is simple and hassle-free. All a client needs to do is meet mandatory registration requirements. Additional KYC identity checks may be required to extend activity limits in certain territories. This may include answering some security-related questions and video verification. A Bitcoin app is also provided by the company that can be downloaded to Android and iOS devices. This app guarantees a secure and safe access to the cryptocurrency marketplace.

2. CEX.IO

The CEX.IO is the perfect cryptocurrency exchange platform you should be looking at if you are looking at something that supports different digital assets and accepts multiple deposit types. What is great about this company is both beginners and advanced users can use the platform for buying and selling a variety of cryptos, including bitcoin. Registered in the US, CEX.IO has got the license from FinCEN and it provides all users an advanced level of protection while trading through its level two DSS certificate. To get the best experience out of CEX.IO, users need to have a verified account. This can be achieved by submitting relevant documents and providing some personal information. Next up, users need to provide a proof of address, a selfie of them holding necessary document, and submit their identity document that is approved by the government.

3. Coinbase

If you’re looking for a digital platform that will help you store, buy, and sell cryptocurrencies, including bitcoin, then Coinbase will suffice. Having exchanged $6 billion worth of digital currency and serving more than 10 million customers already, Coinbase is the one-stop-shop for everything related to cryptocurrencies and more. Coinbase provides clients competitive market spreads and thereby making it possible for them to carry out speculation and day trading easily. The best part about Coinbase is that its platform is consistent across the mobile app and the website. So, clients can maintain their positions while on the move. To open an account with Coinbase, you first need to create a hosted wallet. Thereafter, speculate on price movements and/or buy and sell coins.

4. Changelly

This cryptocurrency exchange acts as a bridge between users and exchanges. Based in Malta, this instant and non-custodial exchange supports not just bitcoin but also Etherium (ETH), Ripple (XRP), and Bitcoin Cash (BCH). For deposits, Changelly accepts both EUR and USD. If the details provided on its website is anything to go by then Changelly provides the best crypto-to-crypto rates in the industry. What is special about this exchange is it lets users to trade using some of the largest and most trusted cryptocurrency exchange platforms, including Polonix, Bittrex, and Binance. For depositing into your Changelly account, you can either use Mastercard or Visa credit cards. The minimum deposit amount is $10. Besides the exchanges mentioned above, Changelly lets you buy and sell bitcoins through another platform called localbitcoins.com.