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Newbie - Which Platform to use to buy in Singapore


chm2463
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Hi Guys,

Completely new to crypto and would appreciate some advice on which purchasing platform to use - In the process of setting up EToro, but looking for another option where I can transfer funds direct from a Spore bank?

Any thoughts on EToro or Plus 500?

Thanks in advance.

CHM

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  • chm2463 changed the title to Newbie - Which Platform to use to buy in Singapore

Hi @chm2463 I believe you can go through Bitrue (which is also said to be using XRP se base currency).

I use Kraken as I’m based in the EU, but I’ll be moving over to SP in November, so I’ll definitely follow up with local exchanges :)

Platforms such as eToro make things easier but take a much higher commission in exchange.

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Thanks Pascales, I have signed up with Uphold and purchased my first coins as a test.  Note that it is very difficult or not possible to do a bank transfer in Singapore both inbound and outbound to a platform.  Debit and credit card options seem to be available but incur the additional fees.

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On 8/27/2018 at 6:54 PM, chm2463 said:

Hi Guys,

Completely new to crypto and would appreciate some advice on which purchasing platform to use - In the process of setting up EToro, but looking for another option where I can transfer funds direct from a Spore bank?

Any thoughts on EToro or Plus 500?

Thanks in advance.

CHM

Not sure on Etoro but dont use plus500 as it is a CFD (contract for difference) you dont actually own the asset and they will close out your position after a certain time frame.

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Great question! 

My Singapore accounts have hated most of the exchanges I’ve tried working with. Wire transfers got rejected more often than not with no official reason given but it was pretty clear why.

More often than not I’ve resorted to using credit card top-ups via bitstamp. Far from ideal and the fees aren’t fun compared to wire transfer but fast, easy and doesn’t require me jumping through hoops with my local banks.

I contacted Bitrue today and unfortunatey they said they have no immediate plans to support SGD deposits. 

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  • 3 weeks later...
On 8/30/2018 at 10:08 AM, chm2463 said:

Transferring from Spore banks def an issue currently  - I am transferring to  a UK bank then into Uphold.

Similar.

Hopefully Bitrue or ABCC open up fiat pairings soon for SGD. 

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