Introduction
Singapore's position as a global financial hub extends into the digital asset space, with a mature and regulated environment for cryptocurrency trading. As we move through 2025, the choice of a trading platform is more critical than ever for investors. Selecting the right exchange impacts not only convenience but also security, cost, available features, and regulatory compliance.
This article provides a detailed comparison of three leading platforms in Singapore: MooMoo, Coinbase, and Coinhako. We will analyze their key differences to help you determine which exchange best aligns with your investment strategy.
Understanding Cryptocurrency Exchanges
A cryptocurrency exchange is a digital marketplace where users can buy, sell, and trade digital assets like Bitcoin and Ethereum. These platforms act as intermediaries, facilitating transactions between buyers and sellers.
Exchanges vary significantly. Some focus on offering a vast selection of cryptocurrencies, while others prioritize low fees, superior security, or a user-friendly experience. Understanding these differences is the first step toward choosing a platform that meets your specific needs as a trader or investor in Singapore.
Head-to-Head Comparison: MooMoo vs. Coinbase vs. Coinhako
To help you make an informed decision, we've compiled a detailed comparison of these three major players in the Singapore market across several crucial categories.
Regulatory Status and Security
Security is paramount when choosing an exchange. All three platforms operate under the regulatory oversight of the Monetary Authority of Singapore (MAS), which provides a baseline level of consumer protection.
- MooMoo Singapore: Holds a Major Payment Institution (MPI) license from the MAS (License No.: PS20200617). It was the first digital broker in Singapore to receive this license for Digital Payment Token services.
- Coinbase Singapore: Also operates with a license from the MAS, adhering to strict international regulatory standards. It employs robust security measures, including two-factor authentication (2FA) and cold storage for the majority of user funds.
- Coinhako: Is licensed by the MAS and complies with local regulations. The platform implements security protocols like segregated accounts and regular audits to protect user assets.
Supported Cryptocurrencies
The variety of digital assets available for trading is a key consideration.
- MooMoo: Offers access to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Polkadot (DOT), and Bitcoin Cash (BCH), with plans to expand its offerings.
- Coinbase: Provides a vast global selection of over 200 cryptocurrencies. However, the specific coins available to Singaporean users may be more limited compared to other regions.
- Coinhako: Supports a strong roster of over 125 digital assets, including all the major popular tokens.
Fee Structure
Fees can eat into your returns, so understanding the cost structure is essential. The table below outlines fees for a hypothetical S$100 trade.
| Feature | MooMoo Singapore | Coinbase Singapore | Coinhako |
|---|---|---|---|
| Trading Fee | 0.39% for spot trading, with occasional promotional rates as low as 0%.* | ~3-5% for simple fiat-to-crypto conversions; 0.6% Maker / 1.2% Taker fees on Advanced Trade.* | 0.6% for spot trades.* |
| SGD Deposit Fee | Free (via PayNow, FAST, Direct Debit) | Free (via PayNow, FAST) | Free (via PayNow, FAST, GrabPay) |
| SGD Withdrawal Fee | Free | Free | S$2 |
| USD Withdrawal Fee | Free | $21.60 (via SWIFT) | $50 |
*Additional fees may apply for specific payment methods. Always check the latest fee schedule on the exchange's official website.
Platform Features and Asset Diversity
The best platform offers the tools and assets you need to execute your strategy.
- MooMoo Singapore: Stands out with its multi-asset platform. Beyond crypto, users can trade global stocks, ETFs, funds, and bonds all within a single, integrated application. It features advanced charting tools, real-time data, and community features.
- Coinbase Singapore: Offers a user-friendly interface suitable for beginners and a more advanced trading platform (Advanced Trade) for experienced users. Its primary focus is on cryptocurrencies.
- Coinhako: Provides a straightforward, Asia-focused platform geared primarily toward cryptocurrency trading. It includes educational resources but does not offer access to other asset classes like stocks.
Fiat Currency Support
- MooMoo: Supports Singapore Dollar (SGD) and US Dollar (USD) deposits and withdrawals.
- Coinbase: Supports SGD, USD, Euro (EUR), and British Pound (GBP).
- Coinhako: Supports SGD and USD.
How to Start Investing in Cryptocurrency in Singapore
Beginning your crypto investment journey involves a few clear steps:
- Educate Yourself: Understand the basics of blockchain, different types of cryptocurrencies, and the associated risks.
- Choose a Reputable Platform: Select an exchange that is licensed by the MAS and aligns with your investment goals, as detailed in the comparison above.
- Complete Verification: Sign up and complete the required Know Your Customer (KYC) identity verification process.
- Deposit Funds: Transfer Singapore dollars into your exchange account using a free method like PayNow or FAST transfer.
- Start Trading: Begin buying, selling, and trading cryptocurrencies. Always start small and never invest more than you can afford to lose.
Frequently Asked Questions
Q: Which exchange is best for beginners in Singapore?
A: For beginners, Coinhako offers a simple, localized platform. MooMoo is also a great choice due to its educational resources and user-friendly interface, plus the added benefit of exploring other investment assets like stocks and ETFs all in one place.
Q: I'm an experienced trader. Which platform offers the best tools?
A: Experienced traders may prefer Coinbase's Advanced Trade platform for its charting and order types, or MooMoo for its advanced technical analysis tools and multi-asset trading capabilities.
Q: Can I transfer my crypto to a private wallet from these exchanges?
A: Yes, both Coinbase and Coinhako allow you to withdraw your cryptocurrency to an external wallet for self-custody. MooMoo currently focuses on providing a secure trading environment within its platform.
Q: Are my funds safe on these exchanges?
A: All three platforms are licensed by the MAS, which requires them to adhere to strict security and operational standards. They employ measures like 2FA and cold storage. However, for large, long-term holdings, moving crypto to your own private wallet is considered the safest option.
Q: Which exchange has the lowest fees?
A: Fee structures are complex. For simple fiat-to-crypto buys, MooMoo's and Coinhako's percentage-based fees can be lower than Coinbase's standard spread. For active trading, MooMoo's 0.39% and Coinbase Advanced's tiered fees are competitive. Always calculate the total cost for your specific transaction type.
Q: What is the best exchange for investing in other assets alongside crypto?
A: MooMoo is the clear leader in this category, offering a full suite of investment products including global stocks and ETFs, making it a true all-in-one investment platform. 👉 Explore multi-asset investment strategies
Advanced Security and Regulatory Considerations
Singapore's regulatory framework for digital payment tokens is designed to foster innovation while ensuring market integrity and investor protection. Key regulations include mandatory licensing for exchanges, stringent Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements, and strict custody standards.
To ensure your safety:
- Always enable two-factor authentication (2FA) on your exchange account.
- Use strong, unique passwords and consider a password manager.
- Be vigilant against phishing attempts and never share your login credentials.
- Stay informed about the latest security threats and regulatory updates in Singapore.
Conclusion
The best cryptocurrency exchange in Singapore for you depends entirely on your individual needs as an investor.
- Choose MooMoo Singapore if you are a multi-asset investor seeking an all-in-one platform to trade crypto, stocks, and ETFs with competitive fees and strong regulatory backing.
- Choose Coinbase Singapore if you value a globally recognized brand, a wide array of cryptocurrencies (where available), and a robust, intuitive platform.
- Choose Coinhako if your focus is purely on cryptocurrency trading and you prefer a simple, localized platform with a solid track record in Singapore.
Before deciding, consider your primary investment goals, desired assets, tolerance for fees, and the importance of platform features. By aligning these factors with the strengths of each exchange, you can confidently choose the platform that will best support your financial journey in the dynamic world of digital assets.
Information is accurate as of 2025. Always consult the official exchange websites for the most current details on fees, supported assets, and features.