7 Ways You Can Buy NANO In Singapore

Last updated on October 30th, 2021

NANO aims to be a fee-less cryptocurrency that offers instant transfers while being eco-friendly too.

If you are looking to buy the NANO token, you may be looking at some of the crypto exchanges in Singapore. However, you can’t buy NANO directly from SGD!

Instead, here are some ways that you can consider to buy this coin:

How to buy NANO coin in Singapore

Here are 7 ways that you can buy NANO in Singapore:

1. Coinhako
2. Tokenize
3. XanPool
4. Crypto.com (App)
5. Binance
6. KuCoin
7. Huobi

This is a summary of all the methods,

Platform	Trading Fee	Withdrawal Fee
Coinhako	0.8% – 1.0%	NA
Tokenize	0.8%, min. $1	NA
XanPool	~ 1.5%	NA
Crypto.com (App)	None (but may have large spread)	0.008 NANO
Binance	Up to 0.1%	0.01 NANO
KuCoin	Up to 0.1%	0.01 NANO
Huobi	Up to 0.2%	0.01 NANO

and here is each method explained in-depth:

Coinhako

Coinhako is one of the most straightforward ways of buying NANO in Singapore.

This is because you can directly buy NANO from SGD!

How to buy NANO on Coinhako

Here are the steps that you’ll need to do to buy NANO on Coinhako:

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

#1 Deposit 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 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.

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. However, it may take a longer time for your funds to be processed compared to Xfers Direct.

#2 Go to ‘Trade’

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

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 NANO and click on Buy

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

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

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

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

Coinhako has a minimum of $0.50 SGD for each trade that you make.

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

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

Any reduction in fees would help to increase your returns!

It is also possible to buy NANO 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.

NANO 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 Fee	Amount
Deposit Fees	None (FAST), 0.55% (Xfers)
Minimum Trade Amount	$0.5
Trading Fees	1% 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.

However, it may take a longer time for your funds to appear in your account if you use FAST compared to Xfers.

Another thing you’ll need to take note of 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 NANO directly from 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 40+ different currencies directly from SGD!

Here’s how you can buy NANO on Tokenize:

1. Deposit your funds
2. Go to ‘Market’
3. Select SGD/NANO 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‘.

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.

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

1. Xfers Direct Transfer
2. Swap from XSGD wallet

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

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.

#3 Select SGD/NANO as your trading pair

You can select the SGD/NANO trading pair via the search bar:

#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 NANO that you wish to pay.

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

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

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 NANO that you wish to buy.

#5 Make the trade

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

Verdict

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

Fee Type	Amount
Deposit Fees	0.55%
Trading Fees	0.80% (min. $1 SGD)
Withdrawal Fee	0.55%

The 0.80% fee is slightly cheaper than Coinhako. However, you’ll need to take note of the $1 minimum fee.

Moreover, you’ll need to pay a fee for each deposit and withdrawal you make!

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

XanPool

XanPool is a platform that allows you to buy cryptocurrencies from SGD. Similar to P2P solutions, you will deposit SGD to XanPool via PayNow, and they will transfer the cryptocurrency to you.

Here’s how you can use this platform to buy NANO:

Go to ‘Account’ and click on ‘Xchange’

First, you’ll need to go to the Account tab on XanPool.

This will bring you to a page where you can select the cryptocurrency you want to buy from SGD. You will need to:

1. Select NANO as the currency that you want to buy
2. Select the amount of SGD you’ll be using to pay for NANO (maximum of SGD $1,000)

You will see the estimated amount of NANO you’ll receive.

XanPool is a platform that allows you to buy cryptocurrency from fiat. However, it is not an exchange platform where you can trade crypto to crypto.

Currently, you are only able to deposit the NANO that you’ve bought on XanPool into your OKEx account.

This means that you’ll need to link your OKEx account to XanPool, which can be done in the ‘Wallet‘ tab.

View the amount of fees that you will pay to XanPool

After selecting your method of depositing your NANO to XanPool, you can review the amount of fees that you’ll pay to XanPool.

XanPool charges around 1.5% for their services.

Verdict

XanPool is one of the most convenient ways of buying NANO from SGD. However, the transaction fee can be quite hefty at 1.5%.

This is much higher than the other exchanges!

As such, you’ll need to consider if this convenience is worth the extra fees.

Crypto.com (App)

Crypto.com is a crypto platform that offers Xfers support. This helps to make trading crypto more accessible from Singapore.

However, you can’t buy NANO directly from SGD.

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

How to buy NANO on Crypto.com

Here are the steps you’ll need to do to buy NANO on Crypto.com:

1. Go to Crypto Wallet
2. Scroll down and find NANO
3. Click on ‘Buy NANO’
4. Select your payment method
5. Confirm the trade

#1 Go to Crypto Wallet

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

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

#2 Scroll down and find NANO

If you don’t have any NANO in your Crypto.com wallet, you’ll need to scroll down to find the currency.

You can use the search function to find NANO, as there are quite a lot of currencies available on the app!

#3 Click on ‘Buy NANO’

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

#4 Select your payment method

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

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

1. Debit or credit card

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

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

Due to this high fee, it may not be worth buying NANO 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 NANO.

You can only buy NANO using either CRO, BTC or USDT.

3. Fiat wallet

The final way that you can buy NANO on Crypto.com is via a 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 NANO from either a EUR or AUD fiat account.

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 NANO with SGD, here are the steps that you’ll need to do:

1. Purchase CRO, BTC or USDT with SGD from your fiat wallet
2. Purchase NANO from either CRO, BTC or USDT using your crypto wallet (method 2)

#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, NANO will be credited to your account.

Verdict

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

Type of Fee	Amount
Deposit Fees (SGD)	None
Trading Fees	None
Withdrawal Fee (SGD)	0.4% per withdrawal (Xfers)
Withdrawal Fee (NANO)	0.008 NANO

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

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

IG Trading

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.

Binance

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

You can’t buy NANO using a credit card, nor directly from SGD. As such, you’ll need to use the altcoin method to buy this currency.

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

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

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!

You can consider using the Binance P2P platform too

Instead of sending crypto from another platform, you can consider using Binance’s P2P platform as well.

This platform allows you to buy crypto from SGD, such as:

1. BTC
2. ETH
3. USDT

Most of these currencies will have a trading pair with NANO.

Using this method will help you to save on sending fees. However, there may be scammers that are on the platform.

As such, you’ll need to be very careful with who you’re trading with!

Make the trade from your crypto to NANO

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

Here are the trading pairs that you can trade for NANO on Binance:

1. NANO/USDT
2. NANO/BUSD
3. NANO/BTC
4. NANO/ETH

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The price that you’d like to buy 1 NANO at
2. The amount of NANO you wish to buy

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

Verdict

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

Fee	Amount
Trading Fee	Up to 0.1%
Withdrawal Fee	0.01 NANO

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

However, it is also quite a hassle to buy NANO on Binance if you’re from Singapore. If you send USDT or BTC to Binance, you may 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 NANO than you initially expected.

Furthermore, you may need to think of the strategy you wish to use to sell your NANO and receive SGD too.

KuCoin

KuCoin is another exchange that you can use to buy NANO. 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 NANO on KuCoin

Here’s what you need to do to buy NANO on KuCoin:

1. Send your crypto to the KuCoin Main Account
2. Transfer your crypto to the Trading Account
3. Find a suitable trading pair
4. Select the price and quantity to buy NANO

#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 supports 3 trading pairs with NANO:

1. NANO/USDT
2. NANO/ETH
3. NANO/BTC

As such, you will need to deposit either of these 3 currencies into your KuCoin account!

To deposit either coin into KuCoin, you will need to go to ‘Deposit‘.

You can use the dropdown menu to select BTC / ETH / 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 currency into KuCoin, it will be transferred to your Main Account.

If you wish to trade your currency to NANO, you’ll need to transfer it to your Trading Account!

#3 Find a suitable trading pair

After you’ve transferred your crypto to your Trading Account, you can go to KuCoin’s Spot Exchange.

The exchange may seem to be rather overwhelming.

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

#4 Select the price and quantity to buy NANO

After you’ve selected your NANO trading pair, you can proceed to make the order.

KuCoin allows you to make 4 different orders:

1. Limit
2. Market
3. Stop Limit
4. Stop Market

The last 2 things you’ll need to do is to:

1. Select the price that you’d like to buy 1 NANO at
2. The amount of NANO that you wish to buy

When your trade is completed, NANO will be credited into your account.

Verdict

Here are the fees that you’ll incur when buying and sending NANO on KuCoin:

Fee	Amount
Trading Fees	Up to 0.1%
NANO Withdrawal Fee	0.01 NANO

The trading fees are similar to Binance.

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 NANO 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 NANO you wish to buy

#1 Deposit a cryptocurrency into Huobi

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

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

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 and withdraw it to Huobi.

#2 Select a trading pair

After depositing your crypto into Huobi, you can start trading it.

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

You’ll be brought to Huobi’s exchange platform.

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

Here are some of the trading pairs on Huobi:

1. NANO/USDT
2. NANO/BTC
3. NANO/ETH

#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 NANO you wish to buy

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

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

Verdict

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

Type of Fee	Fee Amount
Trading Fees	Up to 0.20%
NANO Withdrawal Fee	0.01 NANO

The trading fees are slightly higher compared to Binance.

Conclusion

Currently, the only 2 exchanges which allow you to buy NANO directly from SGD are Coinhako and Tokenize.

However, their trading fees are rather expensive.

You can use Crypto.com to buy NANO. However, you will need to make 2 trades since Crypto.com does not have a NANO trading pair for SGD.

Alternatively, you can send either Bitcoin or Ethereum from Gemini’s Active Trader to Binance, KuCoin or Huobi. You will incur much lower trading fees.

However, you’ll need to think of the withdrawal fees when you eventually want to sell your crypto back to SGD!

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