How to buy Bitcoin in Singapore: A quick guide for beginners

Buying Bitcoin in Singapore can be used to recharge SGD through the Coinbase platform, using PayNow or FAST to transfer and recharge SGD. After completing the authentication, you can trade. It is recommended to use a hardware wallet to store securely.

Apr 08, 2025 at 04:37 pm

In the wave of digital economy, Bitcoin has attracted the attention of many investors with its unique charm. As a forefront of financial innovation, Singapore provides a relatively convenient environment for Bitcoin investment. Newbie, are you eager to start your Bitcoin purchase journey in Singapore? Don't worry, this will present you with detailed purchasing steps to help you get started quickly.

In Singapore, Coinbase is a well-recognized cryptocurrency trading platform. It is specially built for Singapore and supports SGD recharge using PayNow or FAST bank transfers, with zero handling fees, and can easily recharge USD and related redemption operations. You can download the Coinbase app on its official website or through the official app store.

• Create an account : Open the Coinbase app or web page, click the registration button, fill in your email address and set your password as prompted.

• Authentication : Singaporean users can use Singpass to achieve seamless registration. Singpass is a digital identity verification system launched by the Singapore government, which is safe and convenient. Following the system's guidance, completing the identity verification process is crucial, which ensures the security and compliance of transactions. After completing the verification, you have your own Bitcoin trading account.

• SGD Recharge : If you select SGD Recharge, select PayNow or FAST bank transfer method in the account recharge interface. PayNow is Singapore's instant transfer system, and the transfer speed is fast. Enter the recharge amount and follow the prompts to complete the bank transfer operation. The funds will arrive immediately. Then you can use these funds to purchase Bitcoin.

• USD recharge : If you want to use USD recharge, you can easily transfer money through SWIFT. However, it should be noted that different recharge methods may vary in handling fees and arrival time.

• Enter the trading interface : After the recharge is successful, enter the Coinbase trading interface. Here you can see various cryptocurrencies and find the Bitcoin (Bitcoin) option.

• Place an order to purchase : Click on Bitcoin to enter the trading page, and you can choose a market order or a limit order. The market order is to buy Bitcoin immediately at the current market price; the limit order can set the price you expect to purchase, and it will be automatically sold when the market price reaches this price. Enter the purchase amount or the number of Bitcoins, and after confirming that it is correct, click the purchase button to complete the transaction.