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November 15, 2020By now you might have heard of bitcoins and the bulls run since the establishment of the bitcoin block chain. Most investor take it as a safe haven of investment by buying cryptocurrency as their asset. In this guide below, we will walk you through how to set up your first Cryptocurrency trading account in Singapore. As often, “How do i buy crypto in Singapore?” Seem to be one of the most asked question, allow us to show you the step by step guide to buy your cryptocurrency in Singapore.
1. Binance Global – Largest Crypto Exchange in the World
Binance is the largest cryptocurrency exchange in the world, It’s really simple and easy to start buying crypto in Singapore through Binance! Let me guide you step by step !
- Download Binance app via my referral link here / Ref code: PWG8TLNO
– By using my link you are entitled to kickback from using my referral code compare to not using any referral link!
Do not missed out on the free additional crypto which you could get back by using my referral link!
Note: Better to use a referral code than not using a referral code!
2. Download Binance via the APP/PLAY Store
3. To start purchasing any cryptocurrency, you need to make purchase of USDT which is a Peg stable coin (1 USDT = 1 USD)
– Start to look for P2P Trading (Peer to Peer), you can buy off USDT and pay the buyer via PayNow/Google Pay/Bank Transfer
Don’t worry! This is totally safe!
4. Choose and look for the best rates , the percentage beside the name of seller indicate the percentage of successful transaction of course look for the one with a higher rating!
5. Once transaction has been successful, go to your [Wallet]
6. Proceed to P2P option and start moving your USDT into your SPOT Wallet. (refer to screenshot as follows!)
7. To proceed with buying Crypto, open up the [Market] Tap and start to put in your limit order of your choice!
2. Buying Cryto in Singapore – Crypto.com
Crypto dot com is one of the leading company that specializing in trading cryptocurrency in Singapore. The process of buying Cryptocurrency in Singapore are made easy for those we are new and looking for a reliable cryptocurrency trading app in Singapore.
Cypto.com Trading in Mobile App in Singapore
Buying and selling of crypto in Singapore is really easy, though there are laws governing around the usage of cryptocurrency.
Step 1:
Start off by Downloading the App here
Step 2:
Sign up with a valid email & phone number
Step 3:
Complete the Know Your Customer (KYC) application
You need to provide the following:
1. Full Legal Name
2. Picture of government-issued ID*
3. Selfie
You might have to wait for a few days for the completion for the verifying process, during the course you might encounter issue with the registration, fret not and try again!
How do I transfer money into my account?
To buy cryptocurrency in Singapore, you will require to either buy the crypto using a credit card (might incurred additional bank charge) or to deposit money into your Fiat wallet.
Your Fiat wallet will hold the amount of SGD which you want to purchase your cryptocurrency, I’d recommend registering Xfer. Start by Registering them and once you’ve completed the registration, you may start to deposit the money and start to buy your first cryptocurrency using Crypto.com trading app.
Referral Code: p25mgmg94 – You may key in my referral code to get US$50 in cryptocurrency!
MCO Visa Metal Card Singapore
Apart from being just a trading platform for cryptocurrency, Crypto.com also offer an adoption of spending cash in an rather unusual way. You can use the card just like a normal debit card by topping it up with SGD! You may also sell your cyptocurrency and convert it into Card Wallet and to spend it in stores just like a normal visa card
From just purchasing and staking 50 MCO, you guarantee yourself a Metal Ruby Red Visa Card. There are tons of benefit ranging from 2% to 5% cash back & Free Spotify and Netflix.
I’d strongly recommend staking either 50 MCO or 500 MCO, this is for a long term investment we are talking about. On a side note, when you spent you get 2-3% Cash back with additional benefit of 100% cashback in MCO when you pay for Spotify or Netflix using the MCO Visa Card in Singapore.
GET YOUR MCO CARD TODAY! WITH $50 USD – p25mgmg94
Download the app today via the link here use my referral code p25mgmg94 to get $50 USD free!