Last updated on September 21st, 2021
You may be looking to stake DeFiChain (DFI) on Cake DeFi, as you can earn really high staking rewards!
However, there are not many exchanges that allow you to buy DeFiChain.
None of them allow you to buy DFI directly from SGD too!
Here are some methods that you can consider:
Contents
How to buy DeFiChain in Singapore
Here are 5 ways that you can buy DeFiChain in Singapore:
- Cake DeFi (Swap BTC or ETH)
- Bittrex
- KuCoin
- LATOKEN
- Bitrue
Here is a summary of all of these methods that you can use:
Platform | Trading Fee | DFI Withdrawal Fee |
---|---|---|
Cake DeFi | None (but exchange rate may be less favourable) | 0.2 DFI |
Bittrex | Up to 0.35% | 0.1 DFI |
KuCoin | Up to 0.1% | 1 DFI |
LATOKEN | Up to 0.49% | 6 DFI |
Bitrue | 0.28% | 1 DFI |
All of these exchanges do not support SGD
All of the exchanges listed do not allow you to deposit SGD into their exchanges.
This means that youâll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.
The currency that you can buy is Bitcoin or Ethereum. This is because they would have the most number of trading pairs.
However, youâll need to consider the withdrawal fees that youâll incur when sending your crypto on the blockchain.
Depending on the fees, it can be really hefty!
You can consider using Geminiâs Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

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.

Cake DeFi (Swap BTC or ETH)
You are able to buy DeFiChain (DFI) directly on Cake DeFi! You will need to swap your BTC or ETH for DFI.
However, the exchange rate may be less favourable compared to the prevailing market rate!
Hereâs what you need to do to buy DeFiChain on Cake DeFi:
- Deposit BTC or ETH into Cake DeFi
- Go to âWallets â Swapâ
- Select the amount of BTC or ETH you want to use to swap to DFI
- Complete the swap
#1 Deposit BTC or ETH into Cake DeFi
Cake DeFi does not support SGD. The only way you can buy DFI is by swapping your BTC or ETH on the platform.
Cake DeFi also does not allow you to buy BTC or ETH directly from the platform if youâre from Singapore. As such, youâll need to transfer these currencies from another platform into Cake DeFi.
Youâll need to go to the Assets page, and then click on âDepositâ.

You will be brought to a page that will give you the address you need to deposit into.

If you wish to deposit ETH into Cake DeFi, you will incur a $10 fee for your first deposit.

#2 Go to âWallets â Swapâ
Once youâve successfully deposited your BTC or ETH, youâll need to go to the Swap function for DFI.

#3 Select the amount of BTC or ETH you want to use to swap to DFI
Youâll need to select the amount of BTC or ETH to buy DFI.

#4 Complete the swap
Once youâve completed the swap, DFI will be credited into your account.
You can start using the staking feature to earn high yields on your DFI!
Verdict
Cake DeFi does not charge you any fees for making this swap.

However, you may lose a bit from the spread!
This was Cake DeFiâs exchange rate between DFI and BTC,

and here was the market price according to 3 Commas.

The difference may seem little, but you can lose some value when youâre exchanging a large amount of BTC!
Furthermore, Cake DeFi only offers a limited supply of DFI available for sale.

You will be unable to buy DFI on Cake DeFi if there are none that are available for sale.
If you intend to buy DFI to stake on Cake DeFi, you can consider buying DFI on the platform directly.
Although the exchange rate is much less favourable, this is a much more convenient method!
Bittrex
Bittrex was founded in 2014 and is headquartered in the USA.
They are one of the few exchanges that allows you to buy DFI on their platform.
Furthermore, they have the highest trading volume among all the other exchanges!
Hereâs what you need to do to buy DFI on Bittrex:
- Deposit BTC or USDT into Bittrex
- Go to the âMarketsâ tab and search for DFI
- Enter the details of your trade
- Execute the trade
#1 Deposit BTC or USDT into Bittrex
Bittrex does not support SGD on their platform. As such, youâll need to deposit BTC or USDT into their platform.
This is because Bittrex only offers BTC or USDT trading pairs on their platform.

You will need to go to âHoldingsâ,

and then search for BTC or USDT to deposit these currencies.

You will be given a wallet address that you can send your crypto to.

Do remember to double check the wallet address before sending your crypto!
#2 Go to the âMarketsâ tab and search for DFI
Once you have deposited your BTC or USDT into Bittrex, you can start buying DFI from these currencies.
Youâll need to go to the âMarketsâ tab,

and then search for DFI.

You will see the available trading pairs for DFI.
#3 Enter the details of your trade
Once you have selected the trading pair, you will be directed to Bittrexâs trading platform.

It can seem quite overwhelming, but youâll need to enter the details of your trade on the right-hand side.

There are 6 different order types that you can make:
- Limit
- Market
- Stop Limit
- Trailing
- OCO
- Ladder Limit
Youâll also need to include these details:
- The price of BTC that you wish to buy 1 DFI at
- The amount of DFI you wish to buy
#4 Execute the trade
After youâve placed the order, it will go into Bittrexâs order book.
Once your trade has been completed, DFI will be credited into your account.
Verdict
Here are the fees that youâll incur when trading on Bittrex:
Fee | Amount |
---|---|
Trading Fees | Up to 0.35% |
DFI Withdrawal Fee | 0.1 DFI |
The main advantage that Bittrex has is that it has a really low withdrawal fee of 0.1 DFI. Furthermore, it offers the highest volume of trades compared to the other exchanges that list DFI.
With higher trading volume, there is a higher chance that youâll be able to buy DFI at your intended price!
KuCoin
KuCoin is another exchange that you can use to buy DeFiChain. However, you will need to transfer a cryptocurrency from another platform first.
This is because KuCoin does not support any fiat currencies!
How to buy DeFiChain on KuCoin
Hereâs what you need to do to buy DeFiChain on KuCoin:
- Send your crypto to the KuCoin Main Account
- Transfer your crypto to the Trading Account
- Find a suitable trading pair
- Select the price and quantity to buy DFI
#1 Send your crypto to the KuCoin Main Account
KuCoin does not support any fiat currencies. To fund your KuCoin account, you will need to send a cryptocurrency from another platform.
KuCoin only supports 2 trading pairs with DeFiChain: DFI/USDT and DFI/BTC.

As such, you will need to deposit either BTC or USDT into your KuCoin account!
To deposit either coin into KuCoin, you will need to go to âDepositâ.

You can use the dropdown menu to select either BTC or USDT.

From there, you will be given a deposit address to send your crypto to.

If you are copying the address manually, you may want to double check that it is the correct address!
#2 Transfer your crypto to the Trading Account
When you deposit your BTC into your KuCoin account, it will be transferred to your Main Account.

If you wish to trade your BTC to DFI, you will need to transfer it to your Trading Account!

#3 Find a suitable trading pair
After youâve transferred your crypto to your Trading Account, you can go to KuCoinâs Spot Exchange.

The exchange may seem to be rather overwhelming.

You will need to go to the top left hand corner to select a DFI trading pair.

#4 Select the price and quantity to buy DFI
After youâve selected your DFI trading pair, you can proceed to make the order.
KuCoin allows you to make 4 different orders:
- Limit
- Market
- Stop Limit
- Stop Market

The last 2 things youâll need to do is to:
- Select the price of USDT or BTC that youâd like to buy DFI at
- The amount of DFI that you wish to buy
When your trade is completed, DFI will be credited into your account.
Verdict
Here are the fees that youâll incur when buying and sending DFI on KuCoin:
Fee | Amount |
---|---|
Trading Fees | Up to 0.1% |
DFI Withdrawal Fee | 1 DFI |
The trading fees are similar to Binance.
KuCoin has lower trading fees compared to Bittrex. However, the DFI withdrawal fee is slightly higher at 1 DFI!
LATOKEN
LATOKEN is a cryptocurrency exchange that is based in London.
Hereâs how you can buy DFI on this platform:
- Deposit USDT, BTC or ETH into LATOKEN
- Find a suitable DFI trading pair on LATOKEN
- Enter the details of the trade
- Execute the trade
#1 Deposit USDT, BTC or ETH into LATOKEN
LATOKEN does not support SGD on their platform.
As such, youâll need to send a cryptocurrency over instead.
LATOKEN offers 3 different trading pairs with DFI:
- DFI/USDT
- DFI/BTC
- DFI/ETH

I would prefer to use USDT as LATOKEN does not charge any deposit fees only for USDT.
To deposit any of these currencies, youâll need to go to âDepositâ.

You will be able to obtain the address that youâll need to send to.

#2 Find a suitable DFI trading pair on LATOKEN
Once youâve deposited your crypto into LATOKEN, you can start trading it.
Youâll need to go to âExchangeâ,

and search DFI in the search bar.
After selecting your preferred trading pair, you can click on âTradeâ.

#3 Enter the details of the trade
You will be brought to LATOKENâs trading platform.

On the right hand side of the platform, you will be able to enter the details of your trade.
For LATOKEN, you can only make a market or limit order.
You will need to include:
- The price you want to buy 1 DFI at
- The amount of DFI you want to buy

#4 Execute the trade
Once your order has been successfully processed, DFI will be credited into your account.
Verdict
Here are the fees that youâll incur with LATOKEN:
Fee | Amount |
---|---|
Deposit Fees | 1% (all currencies except for USDT) |
Trading Fees | Up to 0.49% |
DFI Withdrawal Fee | 6 DFI |
If you are intending to use LATOKEN, then you should only deposit USDT into the platform.
The 1% deposit fee is really hefty for all other tokens!
LATOKEN is not really a favourable platform to buy DFI on. This is because the trading and withdrawal fees are much higher!
Furthermore, I do not really like the user interface of this platform.
Bitrue
Bitrue is an exchange platform that is based in the US, Europe and Asia Pacific.
Hereâs how you can buy DFI on Bitrue:
- Deposit BTC or USDT into Bitrue
- Select a suitable trading pair with DFI
- Insert the details of the trade
- Execute the trade
#1 Deposit BTC or USDT into Bitrue
Bitrue does not support SGD, so youâll need to deposit a cryptocurrency into the exchange.
You should be depositing BTC or USDT as Bitrue only has a DFI trading pair with these 2 currencies.
Youâll need to go to âAssets â Depositâ,

and then select the currency you wish to deposit in.

You will be given a deposit address to send your crypto to.

#2 Select a suitable trading pair with DFI
Once youâve deposited your crypto into Bitrue, youâll need to go to Exchange,

which will bring you to the trading platform.

You will need to select the DFI trading pair with either USDT or BTC.
#3 Insert the details of the trade
You are able to make 3 different order types on Bitrue:
- Limit
- Market
- Trigger Order

Youâll also need to select:
- The price that youâll pay for 1 DFI
- The amount of DFI you want to buy
#4 Execute the trade
Once the order has been executed, DFI will be credited into your Bitrue account.
Verdict
Here are the fees that youâll incur when trading with Bitrue:
Fee | Amount |
---|---|
Trading Fees | 0.28% |
DFI Withdrawal Fee | 1 DFI |
Bitrueâs trading and withdrawal fees are slightly higher compared to KuCoin or Bittrex.
I would still prefer to buy DFI from those platforms first, before using Bitrue!
Conclusion
There are not many crypto exchanges that allow you to buy DFI.
The most convenient way would be to buy DFI from Cake DeFi directly.
However, Cake DeFi has its limitations, as:
- The exchange rate is not so favourable
- The supply of DFI that you can buy depends on the available supply
If you prefer to buy DFI on an exchange, I would consider either KuCoin or Bittrex.
The other 2 exchanges charge fees that are much higher, so I do not think that they are really worth it!
đđ» Referral Deals
If you are interested in signing up for any of the products mentioned above, you can check them out below!
Cake DeFi Referral (Receive $30 USD worth of DFI tokens)
If you are interested in signing up for a Cake DeFi account, you can use my referral link.
After making your first deposit of â„ $50 USD worth of crypto, you will be able to earn $30 USD worth of DFI tokens!
Hereâs what youâll need to do:
- Sign up for a Cake DeFi account
- Make a deposit of â„ $50 USD worth of crypto into your Cake DeFi wallet
- Receive $30 USD worth of DFI tokens ($20 base + $10 referral bonus)
Your DFI tokens should be credited to you on the following Monday.

The DFI tokens that you earn will be locked up for 180 days in the Confectionery program. You will be able to earn the base APY for staking DFI tokens.
Even though your DFI is being locked up, you are still able to earn rewards on it!


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