New to bitcoin ? Want to start buying or accumulating some bitcoins? there’s quite a number of bitcoin exchange to choose from, even in singapore i think they are easily 5-6 bitcoin exchanges. Here’s a list of the bitcoin exchange that you can buy with SGD :
4) Quoine (very poor customer service)
Their verification process varies and exchange fee/charges varies too.
My first bitcoin purchase was with coinbase, pretty easy but the fee is 1.5% each side + if you use credit card, there will be additional 3.99%.
After that I did more research and choose the lowest exchange fee if not one of the lowest, FYB-SG. Note : Their exchange fee for small amount is 0.3% and for larger amount it may scale up to 0.6%
i.e. Buying SGD100 worth of bitcoin, you will pay $0.30
funding with them is fast too(about 1 day or less, once i fund at around 12am and deposit confirmation arrived at 1am). They are prompt to email response too.
-Spread are pretty wide sometimes | price are higher(good for seller side) if you take oversea exchange price like coinbase / bitfinex price and apply USD/SGD fx rate. Thus if you can wait go for limit order with the price you want to buy.
– Trade interface, need to do calculation to buy the amount of bitcoin you want.
– Transfer bitcoin out to another wallet, fee is pretty high for small amount transfer. currently fee at 0.001 btc (abt sgd $23 as of 13 dec 2017 price pretty ex for small amt trf)
In this video, let’s see how we can buy bitcoins in singapore using FYB-SG bitcoin exchange.
Thank you for watching! =)
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Disclaimer : This is not financial advice, it’s all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.