Crypto Invest

9 Ways You Can Buy Cardano (ADA) In Singapore

How To Buy Cardano ADA In Singapore

Last updated on January 19th, 2022

This article contains affiliate links. You can read more about these links in my Editorial Guidelines.

You may have heard of the Cardano (ADA) token, which has been highlighted in the news lately.

However, how do you go about purchasing ADA in Singapore?

Here’s what you need to know.

Disclaimer: This article is meant for information purposes only, and it is not intended to provide you with financial advice. You should always do your own research first, before making an investment decision!
Note: With the recent rulings by MAS on Binance (International), you are no longer able to purchase crypto from SGD on their platform. This means that both the P2P trading and purchasing crypto from a SGD credit card are currently unavailable.

How to buy Cardano (ADA) in Singapore

Here are 9 ways you can purchase Cardano (ADA) from Singapore:

  1. Coinhako
  2. Tokenize
  3. AAX
  4. Crypto.com (App)
  5. Crypto.com (Exchange)
  6. Kraken
  7. Binance
  8. Huobi
  9. Coinbase

This is a summary of all the methods:

PlatformDirect from
SGD?
Type of
Transaction
Fees
CoinhakoYesInstant Buy0.8% – 1%
TokenizeYesTrading1% (Min $1)
AAXNoTradingUp to 0.1%
Crypto.com
(App)
NoInstant BuyNone (But may
have large spread)
Crypto.com
(Exchange)
NoTradingUp to 0.16%
KrakenNoTradingUp to 0.26%
BinanceNoTradingUp to 0.1%
HuobiNoTradingUp to 0.2%
CoinbaseYesInstant Buy3.99%

And here is each method explained in-depth:

Coinhako

Coinhako is the most straightforward way of buying Cardano in Singapore.

This is because you can directly buy ADA from SGD!

How to buy Cardano on Coinhako

Here are the steps that you’ll need to do to buy Cardano (ADA) on Coinhako:

  1. Deposit your SGD into your SGD wallet
  2. Go to ‘Trade’
  3. Look for ADA and click on Buy
  4. Select the amount of SGD you wish to use to purchase ADA
  5. Verify the transfer

#1 Deposit your SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

  1. Xfers
  2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers Account

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST!

Coinhako FAST Transfer

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account!

You do not incur fees when depositing via FAST. Meanwhile you will incur a 0.55% fee for each deposit via Xfers!

FAST is the more cost effective way to deposit your SGD into Coinhako.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

Coinhako Trade Platform

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at.

Coinhako will try to match it to the prevailing market rate when you make the trade.

#3 Look for ADA and click on Buy

You’ll need to scroll down to find ADA, and then click on ‘Buy‘.

Coinhako Buy ADA Trading Platform

#4 Select the amount of SGD you wish to use to purchase ADA

You will need to select the amount of SGD that you wish to use for your trade. The amount of ADA that you receive will be based on the prevailing market rates.

Coinhako Buy Cardano Platform

You may want to note that you can only buy or sell ADA at this point in time. You are unable to send or receive ADA to and from an external wallet.

Coinhako has a minimum of $45 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

Coinhako Buy ADA TRADING Fee

However if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Coinhako Buy ADA Coingecko Trading Fee

Any small reduction in fees would help to increase your returns!

It is also possible to buy ADA using your credit or debit card. However, you will be charged an additional 3% by Coinhako’s payment service provider!

It is really not worth the fees of using your debit card to make the trade, especially when FAST transfers are free!

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

The ADA will be credited into your account when the trade is completed!

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of FeeAmount
Deposit FeesNone (FAST),
0.55% (Xfers)
Minimum Trade
Amount
$0.5
Trading Fees1% for any trade
(0.8% if you use the
promo code COINGECKO)
Withdrawal Fee (SGD)$2 per withdrawal

It is definitely more cost effective to deposit into your SGD wallet via FAST compared to Xfers.

You will incur unnecessary fees if you do so with Xfers!

Another thing you’ll need to take note is the withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee!

Overall, Coinhako has pretty high fees. However the convenience of buying ADA instantly with SGD helps to make up for it!

Tokenize

Tokenize is a centralised exchange that is based in Singapore and Malaysia.

Their exchange allows you to trade 30 different currencies directly from SGD!

Tokenize Number Of Cryptocurrencies From SGD

Here’s how you can buy ADA on Tokenize:

  1. Deposit your funds
  2. Go to ‘Market’
  3. Select SGD/ADA as your trading pair
  4. Select the type of order and your trade amount
  5. Make the trade

#1 Deposit your funds

To start trading on Tokenize, you’ll need to deposit your SGD into your wallet first.

However, it can be a bit hard to navigate around Tokenize’s site. You’ll need to see go to the top right-hand corner which has your name, and select ‘Wallets‘.

Tokenize Wallets

After that, you’ll need to scroll down all the way to your Fiat Balance. You’ll see the amount of SGD and USD that you have with Tokenize.

Tokenize Fiat Balance

You’ll need to click on ‘Deposit’, and you can deposit your funds via 2 ways:

  1. Xfers Direct Transfer
  2. Swap from XSGD wallet
Tokenize Deposit Methods SGD

You’ll be asked to select the amount you want to deposit from your Xfers account, along with the fee.

Tokenize Deposit Via Xfers

You’ll be charged a 0.55% fee if you use Xfers Direct Charge.

Tokenize will deduct the balance from your Xfers account, and it will be credited into your SGD wallet.

#2 Go to ‘Market’

After making your deposit, you can start trading your SGD for crypto.

You’ll need to select ‘Market‘ from the dashboard.

Tokenize Market Dashboard

#3 Select SGD/ADA as your trading pair

You can select the SGD/ADA trading pair from the list below:

Tokenize SGD ADA Trading Pair

#4 Select the type of order and your trade amount

There are 2 types of orders you can make with Tokenize:

  1. Limit
  2. Market

Limit orders will allow you to determine the price of ADA that you wish to pay.

Tokenize Buy ADA Limit Order

This gives you more control over the price that you want to pay for each ADA.

Meanwhile, market orders will purchase ADA at the current market price.

Tokenize Buy ADA Market Order

If you use this method, you will be able to fill your order almost immediately.

However, what I don’t like about market orders is that you won’t be able to see the trading fee that you’ll need to pay beforehand.

Once you’ve decided the type of trade you wish to make, you can choose the quantity of ADA that you wish to buy.

#5 Make the trade

After you’ve confirmed your trade, your ADA will be credited into your wallet.

Verdict

Here are the fees that you’ll need to pay when trading on Tokenize:

Fee TypeAmount
Deposit Fees0.55%
Trading Fees1%,
(min. $1)
Withdrawal Fee0.55%

Even though Tokenize said that its trading fee is 0.80%, it is actually 1% when you trade ADA.

It is still 0.80% when you trade other currencies like BTC or ETH.

Moreover, the trading fee is quite high at 1% (min. $1).

You’ll need to decide if paying these extra fees is worth it to gain access to a greater variety of currencies!

AAX

Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong.

This exchange allows you to deposit SGD into your account. However, you can only trade SGD into BTC or USDT!

This means that you’ll need to make 2 conversions before you can get ADA.

Here’s what you need to do to buy ADA on AAX:

  1. Deposit SGD into AAX
  2. Use the Exchange feature to exchange SGD to USDT
  3. Find the ADA/USDT trading pair
  4. Make the trade

#1 Deposit SGD into AAX

First, you’ll need to deposit SGD into your AAX account.

AAX Deposit SGD

You will need to deposit a minimum of $50 into your account. However, if you deposit less than $1.5k, you will incur a $35 deposit fee!

#2 Use the Exchange feature to exchange SGD to USDT

Once you have your SGD into your account, you’ll need to go to ‘Buy Crypto → Exchange‘.

AAX Go To Exchange Platform

The Exchange platform allows you to buy USDT from your SGD.

AAX Exchange Feature SGD to BTC or USDT

Even though you can buy BTC too, AAX currently does not have a BTC/ADA trading pair! As such, you can only buy ADA from USDT.

AAX does not charge any fees for this conversion. However, the exchange rate may be slightly less favourable compared to the market rate.

#3 Find the ADA/USDT trading pair

Once you’ve exchanged your SGD for USDT, you can now go to AAX’s trading platform.

AAX Trading Platform

This can be done by selecting ‘Spot’ on the menu.

AAX Select Spot

After that, you’ll need to select a trading pair with ADA.

AAX ADA Trading Pair USDT

#4 Make the trade

After selecting ADA/USDT as your trading pair, you’ll need to decide on the order type:

  1. Limit
  2. Market
  3. Stop order
AAX Buy ADA From USDT

You’ll also need to enter the details of the trade you wish to make.

This includes:

  1. The price of USDT you want to buy 1 ADA at
  2. The amount of ADA you wish to buy

Once the trade has been filled, ADA will be credited into your account.

Verdict

Here are the fees and minimums when you’re trading on AAX:

Deposit Minimum$50
Deposit Fees$35 if deposit < $1500,
none if deposit ≥ $1500
Trading FeesUp to 0.1%
Withdrawal Minimum$150
Withdrawal Fees0.3% (Minimum $10)
Sending FeesDepends on currency

If you want to save on the deposit fees, you’ll have to deposit at least $1.5k into your AAX account each time!

The trading fees are as competitive as Binance (up to 0.1%), and AAX has the added advantage of supporting fiat currencies like SGD.

However, you’ll still need to make 2 trades to get ADA!

I would think that AAX is suitable only if you intend to trade a large amount of crypto.

Crypto.com (App)

Crypto.com is another platform that offers Xfers support. However, you are unable to buy ADA directly from your SGD!

Instead, you’ll need to make at least 2 trades to purchase ADA.

Here’s what you need to do:

  1. Go to Crypto Wallet
  2. Click on ‘Buy ADA’
  3. Select your payment method
  4. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

Crypto.com Crypto Wallet

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

#2 Click on ‘Buy ADA’

You will be on the ADA price page. You’ll need to tap on ‘Buy ADA‘ to make the trade.

Crypto.com Buy ADA

#3 Select your payment method

Similar to Coinhako, you cannot decide on the rate that you wish to buy ADA at. Instead, it will be done at the prevailing market rate.

There are 3 payment methods that you can use to buy ADA on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase ADA directly.

Crypto.com Buy ADA Credit Card

This would probably the most efficient way of buying ADA. However, you will be charged a 3.5% fee if you’re from Singapore!

The fees are almost as expensive as buying from Coinhako.

Due to this high fee, it may not be worth buying ADA using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for ADA.

Crypto.com Buy ADA Crypto Wallet

You can use CRO or BTC from your crypto wallet to buy ADA.

3. Fiat wallet

The final way that you can buy ADA on Crypto.com is via a fiat wallet.

Crypto.com Buy ADA Fiat Wallet

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy ADA from either a EUR or AUD fiat account.

Unlike Coinhako, you are unable to purchase ADA via Xfers!

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

  1. BTC
  2. ETH
  3. BCH
  4. LTC
  5. XRP
  6. CRO
  7. BNB
  8. XSGD

If you want to buy ADA with SGD, here are the steps that you’ll need to do:

  1. Buy BTC or CRO from SGD in your fiat wallet (Xfers)
  2. Purchase ADA using BTC or CRO from your crypto wallet (method 2)

However, you may incur a spread when trading via this method. Even though you are not charged any trading fees, you may still lose some money when you make both trades.

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, the ADA will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of FeeAmount
Deposit FeesNone
Trading FeesNone
Withdrawal Fee0.4% per withdrawal (Xfers)

The fees when paying with Crypto.com seem to be lower! However the spreads can be quite high.

spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

Crypto.com does not disclose the spreads that they charge, so it is quite hard to tell for sure how much you’re losing.

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track, but it is something you’ll need to consider.

It may be slightly more troublesome compared to buying ADA with Coinhako. This is because you will need to make 2 trades instead of one if you wish to use SGD.

Crypto.com Exchange

If you are looking for a more cost effective way of buying other crypto using Crypto.com, you can consider using their exchange platform instead.

Crypto.com Exchange Platform 1

This platform is separate from the app, and you’ll need to create a separate account for it.

If you are interested in signing up for a Crypto.com Exchange account and stake at least 1,000 CRO, you can earn between $10-50 USD worth of CRO!

For this exchange, you aren’t able to trade your SGD for any of the currencies.

Instead, there are 4 main trading pairs that you can use:

  1. BTC
  2. USDT
  3. CRO
  4. USDC
Crypto.com Exchange Trading Pairs

So how do you go about buying ADA on Crypto.com’s Exchange platform?

#1 Buy CRO or BTC directly from SGD

On the Crypto.com app, you can buy either CRO or BTC directly from your Xfers wallet.

Crypto.com Buy CRO Fiat Wallet

The crypto will be credited into your Crypto.com app wallet.

#2 Transfer your CRO to Crypto.com Exchange

After you have received your CRO or BTC, you will need to transfer it to the Crypto.com Exchange platform.

The transfer between the app and the exchange platforms is free.

On the currency’s page, you’ll need to go to ‘Transfer‘,

Crypto.com App Transfer To Exchange

click on ‘Withdraw‘,

Crypto.com App Withdraw

and then tap on ‘Crypto.com Exchange‘.

Crypto.com App Transfer To Crypto.com Exchange

After selecting the amount, the CRO will be deposited in your Exchange account.

Crypto.com Transfer Funds To Exchange

#3 Select CRO/ADA as your trading pair

On the Exchange platform, you’ll need to go to ‘Spot‘,

Crypto.com Exchange Spot 1

and select ADA/CRO as the trading pair.

Crypto.com Exchange CRO ADA Trading Pair

#4 Select the amount and make the trade

You can choose between 4 different types of trades on Crypto.com Exchange:

  1. Limit
  2. Market
  3. Stop Limit
  4. Stop Loss
Crypto.com Exchange CRO ADA Making A Trade

After selecting the price and the amount that you wish to buy, you can make the trade.

One thing I do not like about Crypto.com’s Exchange platform is that you are unable to see the fee that you’ll incur.

Verdict

Is this process really worth all the hassle? Why not just make the trade between CRO and ADA in the app?

Here is the price of 1 ADA in CRO in the Crypto.com app,

Crypto.com App ADA CRO Exchange Rate

compared to the prevailing market rate on the Exchange platform at around the same time.

Crypto.com Exchange ADA CRO Rate

You are paying about an additional 0.07 CRO for every ADA that you buy on the app.

While this may seem very little, it will become significant if you are trading a large sum of money!

Moreover, you are able to select the price that you want to buy your ADA at with a Limit order. This means that the amount that you pay may be even lower!

The amount of fees that you’ll pay will be up to 0.4%.

Crypto.com Exchange Updated Fees

If you are looking to buy ADA frequently, this method may be slightly more cost-effective compared to buying via the app!

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.

The currencies that you can buy include:

This is because these 3 currencies have the most number of trading pairs with other cryptocurrencies! You should be able to buy rare altcoins with either BTC, ETH or USDT as a trading pair.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

Here are 2 ways that you can transfer cryptocurrency to these exchanges:

#1 Use Gemini Active Trader to send BTC or ETH for free (up to 10 withdrawals per month)

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

Gemini SGD Trading Pairs

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

Gemini No Withdrawal Fee

#2 Transfer USDT over the TRC20 network to an exchange that supports such deposits

USDT is a rather ‘universal’ stablecoin as most exchanges have USDT trading pairs with the cryptocurrency that you want to buy.

If you are using the ERC20 network to transfer USDT, the withdrawal fees are rather high. It can go up to 40 USDT for a single withdrawal!

However, if you use the TRC20 network to send USDT, such transfers are much cheaper due to the lower congestion. Platforms like XanPool or Liquid even allow you to withdraw USDT for free via the TRC20 network!

The main thing you’ll need to make sure of is that the exchange you’re sending to accepts the TRC20 version of USDT.

Huobi Choose TRC20 For USDT

You can view my guide on how to buy USDT to find out more.

Kraken

Kraken offers quite a few trading pairs on their platform. However, they do not allow you to buy any crypto directly from SGD.

As such, you’ll need to deposit a cryptocurrency onto their platform.

Alternatively, you can deposit other fiat currencies to make the trade too.

How to buy Cardano (ADA) on Kraken

Here’s what you need to do to buy Cardano (ADA) on Kraken:

  1. Deposit a currency into Kraken (fiat or crypto)
  2. Go to ‘Trade’
  3. Select a trading pair with ADA
  4. Enter the amount that you wish to pay
  5. Execute the order

#1 Deposit a currency into Kraken (fiat or crypto)

To start trading on Kraken, you’ll need to deposit either a fiat currency or cryptocurrency onto the platform.

You’ll need to go to the funding tab on Kraken.

Kraken Funding Tab

From there, you can deposit a wide variety of fiat or cryptocurrencies:

Kraken Deposit Balances
FiatCrypto
AUDBTC
CADETH
EURLTC
GBPXRP
CHFUSDT
USD
JPY

If you have any of the fiat currencies, you are able to do a wire transfer.

If you want to buy ADA using crypto, you can only do so with 3 cryptocurrencies: BTC, ETH and USDT.

You may incur some fees when you are transferring your funds to Kraken!

#2 Go to ‘Trade’

Once your funds have been sent to Kraken, you can start trading.

You’ll need to go to the ‘Trade‘ tab to start buying your ADA.

Kraken Trade Tab

#3 Select a trading pair with ADA

If you are using Kraken for the first time, you will be in the ‘Simple‘ interface.

Kraken Trade Simple Interface 1 1

If you wish to use this interface, you’ll need to select your trading pair above.

Kraken Choose Trading Pair On Simple

You can choose to go to the Intermediate interface too, where you can select your preferred trading pair.

Kraken Trade Intermediate Interface

From there, you can select a trading pair with ADA.

Kraken ADA Trading Pairs 2

This depends on the currency that you’ve deposited into Kraken.

#4 Enter the amount that you wish to pay

After selecting your preferred trading pair, you’ll need to enter the details of your trade.

Kraken Buy ADA From BTC

#5 Execute the order

Once your trade is executed, the ADA will be credited into your account.

Verdict

Here are the fees that you’ll incur when using Kraken:

FeesAmount
Trading feesUp to 0.26%
Withdrawal fee (crypto)Depends on currency
Withdrawal fee (fiat)Depends on currency

The fees are pretty reasonable, and there is no minimum fee as well!

However, the fees that you incur on Kraken are slightly higher compared to Binance or Huobi.

Nevertheless, Kraken is still an exchange platform that you can consider buying ADA from.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

As such, it is a great platform if you want to buy ‘rarer’ altcoins.

However, you are unable to buy ADA directly using your SGD.

How to buy Cardano on Binance

Here are 2 ways that you can buy Cardano on Binance:

  1. Credit or Debit card (in USD)
  2. Transfer BTC to Binance and trade to ADA

#1 Credit or Debit card (in USD)

The most convenient way to buy Cardano on Binance is via a credit or debit card.

However, you can only buy ADA when you select USD.

Binance Buy ADA Credit Card

If you use SGD as your currency, you will be unable to buy ADA!

Binance also charges you a 1% fee for each transaction.

As such, it can be really costly to buy ADA using this method.

#2 Transfer BTC to Binance and trade to ADA

This method is quite troublesome too.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

Binance Deposit BTC

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

After depositing your crypto, you’ll have to buy ADA on Binance’s trading platform.

Binance Trading Platform

You’ll need to find the ADA/BTC trading pair.

Binance ADA BTC Trading Pair

After that, you’ll need to decide on the order that you wish to make.

Binance Buy ADA From BTC

You’ll need to decide on:

  1. The amount of ADA you want to trade
  2. The price of BTC you want to buy at

Once you make the trade, the ADA will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Binance:

Type of FeesFee Amount
Deposit FeesNone
Trading FeesUp to 0.1%

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy ADA on Binance if you’re from Singapore. If you send BTC to Binance, you will incur a withdrawal fee from the crypto exchange you’re sending from.

All of these fees will add up, and you may buy a much lower amount of ADA than you expected!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy Cardano on Huobi:

  1. Deposit a cryptocurrency into Huobi
  2. Select a trading pair
  3. Select the type of order you wish to make
  4. Select the quantity of ADA you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

Huobi Balance Exchange Account

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

Huobi Deposit Cryptocurrency

The safest currencies to deposit will be either BTC or ETH.

#2 Select a trading pair

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

Huobi Spot Trading

You’ll be brought to the exchange platform, which can be rather overwhelming.

Huobi Exchange Platform

You’ll need to find a trading pair with ADA, which can be done at the left hand side of the platform.

Huobi ADA Trading Pairs

#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. Market
  3. Stop-Limit
  4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of ADA you wish to buy

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

Huobi Buy ADA From BTC

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

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of FeeFee Amount
Trading FeesUp to 0.20%
Withdrawal FeesDepends on currency

While the fees are rather cheap, they are not as low as Binance (0.10%). Binance may still be the better choice if you are a frequent trader of crypto.

Coinbase

Coinbase only allows you to purchase Cardano via your debit or credit card.

Coinbase Buy ADA

However, Coinbase charges you a 3.99% credit card fee. This can be extremely hefty!

Verdict

Coinbase is the least cost effective way of buying ADA in Singapore. You are charged a really high fee of 3.99%.

Moreover, you aren’t able to sell your crypto for SGD. You can’t withdraw from Coinbase in Singapore either, as they no longer support Xfers.

As such, you should only use this platform as a last resort!

Exchanges that do not support Cardano

Here are some crypto exchanges that you can access in Singapore. However, they do not allow you to trade ADA on their platforms!

  1. Gemini
  2. Luno
  3. Coinut
  4. Binance Singapore

Conclusion

If you want to buy ADA directly from your SGD, only 2 platforms offer you this option:

  1. Coinhako
  2. Tokenize

This is similar to other ‘rare’ altcoins like Zilliqa or Dogecoin.

If you want to use the other methods to buy ADA, you may have to make multiple trades. This may be slightly more troublesome for you!

Furthermore, if you are interested in staking ADA, you will need to find a platform that allows you to do so.

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Tokenize Referral (Get 5 TKX worth ~ $25 SGD)

If you are interested in signing up for a Tokenize account, you can use my referral link.

You will be able to receive 5 TKX in your account (worth ~$25 SGD)!

Tokenize Referral May 2021

Here’s what you need to do:

  1. Sign up for a Tokenize account
  2. Trade at least $1000 USD worth of crypto
  3. Receive 5 TKX in your Tokenize wallet

You can view details of this referral program on Tokenize’s website.

Receive a further SGD $50 worth of TKX when you upgrade to Premium

You are able to receive another SGD $50 worth of TKX if you upgrade to the Premium or Platinum membership of Tokenize.

You will need to pay 160 TKX to upgrade your membership to the Premium tier.

Once you have upgraded your membership tier, you will receive the TKX bonus!

You can view more information about this promotion on Tokenize’s website as well.

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Crypto.com Referral

Here’s what you’ll need to do:

  1. Sign up for a Crypto.com account
  2. Enter my referral code: ‘x2kfzusxq6
  3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

Crypto.com Exchange Referral (Earn $10 USD- $50 USD in CRO)

If you are interested in creating a Crypto.com Exchange account, you can use my referral link and enter the code “x2kfzusxq6“.

Depending on the amount of CRO you stake on the Crypto.com Exchange, you are able to earn between USD $10 to USD $50!

Crypto.com Exchange Referral

Here are the amounts that you’ll need to stake to receive the bonuses:

Amount of
CRO Staked
Referral Bonus
You Receive
1,000 – 4,999 CRO$10
≥ 5,000 CRO$50

If you’ve already signed up for the Crypto.com app, you can still sign up for this bonus! This is because the Crypto.com App and Exchange are 2 different platforms.

You can read more about this referral program on Crypto.com’s website.

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!


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