2 Ways You Can Buy Saitama Inu Coin In Singapore

Last updated on November 19th, 2021

With the rise of meme dog-coins like SHIB, FLOKI or DOGE, you may be interested in buying the latest trending coin: Saitama Inu Coin (SAITAMA).

However, with it being a meme coin, you can’t buy it directly from SGD!

There are a few platforms with the SAITAMA/USDT trading pair, and here’s how you can use them:

How to buy Saitama Inu (SAITAMA) in Singapore

Here are 2 ways you can buy SAITAMA in Singapore:

1. Gate.io
2. Poloniex

This is a summary of the methods,

Platform	Trading Fee
Gate.io	Up to 0.2%
Poloniex	Up to 0.155%

and here is each one explained in-depth:

Gate.io

Gate.io is a Chinese cryptocurrency exchange that was founded in 2013. It has a huge number of cryptocurrency trading pairs (similar to OKEx or Huobi).

Here’s how you can buy SAITAMA on this exchange:

1. Deposit USDT into Gate.io (preferably via TRC20)
2. Select the SAITAMA/USDT trading pair
3. Select the type of order you wish to make
4. Select the quantity of SAITAMA you wish to buy

#1 Deposit USDT into Gate.io (preferably via TRC20)

Gate.io does not allow you to use SGD to buy cryptocurrencies on their platform. As such, you will need to deposit USDT from another exchange to Gate.io.

This is because Gate.io only offers a USDT trading pair with SAITAMA.

To do so, you will need to go to your ‘Wallet‘ tab,

and select ‘Deposit‘.

You will need to select USDT as the cryptocurrency you wish to deposit, which will bring you to this page.

If you want to reduce the amount of withdrawal fees that you incur, you can send your USDT via the TRC20 network. The amount of fees that you pay is much less compared to the ERC20 network!

You can view my guide on how to buy USDT on XanPool or Liquid and withdraw it to Gate.io.

Here are some things you’ll need to take note of:

1. You are sending via the correct network (there is ERC20, TRC20 etc.)
2. The deposit address is accurately copied letter by letter

If you make any mistake during this process, your crypto will be lost forever!

#2 Select the SAITAMA/USDT trading pair

Once you have deposited your USDT into Gate.io, you will need to select the SAITAMA/USDT trading pair. This can be done by going to the ‘Exchange‘ tab,

and then searching for the SAITAMA/USDT trading pair.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Time Condition
3. Conditional Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. It is interesting to note that Gate.io does not offer any market orders.

#4 Select the quantity of SAITAMA you wish to buy

After you’ve selected your order, you’ll need to select the amount of SAITAMA you wish to buy.

Once the trade has been executed, SAITAMA will be credited to your account.

Verdict

Gate.io charges you up to 0.2% in fees for buying SAITAMA. This is rather low compared to some crypto exchanges that can be used in Singapore!

Poloniex

Poloniex is another exchange that has listed SAITAMA on its platform. Similar to Gate.io, you can only trade SAITAMA from USDT.

Here are the steps you’ll need to buy SAITAMA:

1. Deposit USDT into Poloniex (preferably via TRC20)
2. Select the SAITAMA/USDT trading pair
3. Select the type of order you wish to make
4. Select the quantity of SAITAMA you wish to buy

#1 Deposit USDT into Poloniex (preferably via TRC20)

Since Poloniex does not allow you to buy SAITAMA directly from SGD, you will need to deposit USDT into your Poloniex account.

To do so, you will need to go to ‘Wallet‘,

and then search for USDT.

You can choose to deposit USDT either via the ERC20 or TRC20 networks.

If you are able to deposit USDT via the TRC20 network, it will help you to save on withdrawal fees!

#2 Select the SAITAMA/USDT trading pair

Once you have deposited USDT, you will need to go to ‘Trade → Spot‘,

and search for SAITAMA/USDT as your trading pair.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Stop-Limit

Limit orders allow you to determine the price you wish to buy or sell your crypto. Poloniex does not support market orders.

#4 Select the quantity of SAITAMA you wish to buy

After you’ve selected your order, you’ll need to select the amount of SAITAMA you wish to buy.

Once the trade has been executed, SAITAMA will be credited into your account.

Verdict

Poloniex charges up to 0.155% to trade on their platform.

This is slightly cheaper compared to Gate.io!

Conclusion

There is currently no direct way for you to buy SAITAMA directly from SGD.

This is similar to other meme coins such as BABYDOGE or FLOKI.

If you do want to buy this cryptocurrency, you will need to buy USDT from another exchange, and then send it over to either Gate.io or Poloniex.

If you are able to send USDT via the TRC20 network, this will help you to save on a lot of fees!

Are you passionate about personal finance and want to earn some flexible income?