Crypto Invest

8 Ways You Can Buy Ripple (XRP) In Singapore

How to Buy XRP Ripple In Singapore

Last updated on June 6th, 2021

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

You’ve decided to add some Ripple (XRP) into your crypto portfolio. However, it is not as easily accessible in Singapore compared to other currencies like Ethereum!

So how do you go about buying XRP 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!

How to buy XRP (Ripple) in Singapore

Here are 8 exchanges where you can purchase XRP (Ripple) directly from SGD:

  1. Luno
  2. Coinhako
  3. Zipmex
  4. Crypto.com
  5. Binance Singapore
  6. Liquid
  7. Tokenize
  8. Binance

This is a summary of all of the methods:

PlatformType of
Transaction
Fees
LunoInstant Buy
and Trading
1% (Instant Buy) and
up to 0.1% (Exchange)
CoinhakoInstant Buy0.8% – 1%
ZipmexTrading0.2%
Crypto.com (App)Instant BuyNone (But may
have large spread)
Binance SingaporeInstant Buy0.6%
LiquidTradingUp to 0.3%
TokenizeTrading0.8% (Min $1)
BinanceInstant Buy1%

And here is each method explained in-depth:

Luno

Luno offers you an easy way to purchase XRP from your SGD.

Luno Buy Ripple XRP

You are able to transfer your funds via Xfers to your SGD cash wallet in Luno to make the trade.

Xfers Account

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

Here are the steps to buy XRP on Luno:

  1. Create a XRP wallet
  2. Tap on ‘Buy’ on the XRP wallet page
  3. Transfer money from Xfers to Luno
  4. Select how much XRP you wish to buy
  5. Make the trade

#1 Create a XRP wallet

When you first start using Luno, you’ll need to create a Ripple wallet.

Luno XRP Create Ripple Wallet

This will allow you to buy and sell XRP on Luno.

Luno Create XRP Ripple Wallet

#2 Tap on ‘Buy’ on the XRP wallet page

When you’re on the XRP wallet page, you’ll need to tap on the ‘Buy‘ option.

Luno XRP Wallet Buy

You can select to purchase XRP from other cryptocurrencies, or from SGD.

Luno Buy Ethereum Options

#3 Transfer money from Xfers to Luno

If you wish to buy Ripple from SGD, you’ll need to transfer your SGD from your Xfers account first.

Luno Deposit SGD From Xfers

#4 Select how much XRP you wish to buy

You’ll need to select the amount of XRP that you wish to buy.

You’ll be able to see the fees that you incur as well.

Luno Instant Buy XRP

#5 Make the trade

After the trade has been completed, the XRP will be deposited into your XRP wallet!

Verdict

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

Type of FeeAmount
Deposit FeesNone
Trading Fees
(Instant Buy)
1%
Withdrawal FeeNone

Luno’s Instant Buy fees are similar to Coinhako at 1%.

Luno also has an Exchange platform, where the fees are much cheaper at 0.10%.

Luno Exchange Trading Fee

However, the exchange only has BTC/SGD as their SGD trading pair.

If you want to buy XRP on Luno’s Exchange platform, here’s what you need to do:

  1. Buy BTC from SGD (BTC/SGD trading pair)
  2. Buy XRP from BTC (XRP/BTC trading pair)
Luno Exchange BTC XRP Trading Pair

This is slightly more troublesome compared to the Instant Buy. However, the fees that you pay will definitely be cheaper!

Coinhako

Coinhako allows you to buy XRP directly from SGD. Apart from Ripple, you can buy a wide variety of currencies like DOGE from your SGD too!

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

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

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 XRP and click on Buy

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

Coinhako Buy XRP

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

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

Coinhako Buy XRP Fees

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 XRP Fee

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

Coinhako Buy XRP Coingecko Fees

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

It is also possible to buy XRP 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 XRP 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
$45
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!

The fees that you incur are quite high compared to the other options.

Zipmex

Zipmex is an exchange that was founded in Thailand.

It offers you the option to buy crypto directly from SGD, and charges rather low fees too!

Here’s what you need to do to buy XRP on Zipmex:

  1. Go to wallets and select SGD as the funds to deposit
  2. Fill in the details of your deposit into Zipmex
  3. Go to ‘Markets’ and select the XRP/SGD trading pair
  4. Enter the details of your trade

#1 Go to wallets and select SGD as the funds to deposit

You’ll need to deposit SGD into Zipmex first.

To do so, you’ll need to go to ‘Wallets‘,

Zipmex Select Wallets

and then select ‘Deposit‘.

Zipmex Select Deposit

You’ll need to select SGD as the currency you wish to deposit.

Zipmex Select SGD

#2 Fill in the details of your deposit into Zipmex

You are required to enter some details so that Zipmex can process your deposit.

Zipmex Deposit SGD Details

This includes:

  1. Deposit amount
  2. Account number
  3. The bank you’re depositing from

#3 Go to ‘Markets’ and select the XRP/SGD trading pair

After depositing SGD into Zipmex, you can start to use the trading platform.

You’ll need to go to ‘Markets’,

Zipmex Select Markets

which will bring you to the trading platform.

Zipmex Trading Platform

At the left hand corner, you can select the XRP/SGD trading pair.

Zipmex XRP SGD Trading Pair

#4 Enter the details of your trade

The last thing you’ll need to do is to enter the details of your trade.

You are able to make 2 different types of orders:

  1. Market order
  2. Limit order
Zipmex Buy XRP From SGD

You’ll also need to enter the following details:

  1. The price that you’d like to buy 1 XRP at
  2. The amount of XRP you want to buy

When your trade is processed, XRP will be credited into your account.

Verdict

Here are the fees that you’ll incur with Zipmex:

FeeAmount
Trading Fee0.2%
SGD Withdrawal Fee5 SGD

The trading fees on Zipmex are quite low!

However, the withdrawal fees are higher compared to other platforms.

This is a tradeoff that you may have to incur when trading on Zipmex.

Crypto.com

Crypto.com is a cryptocurrency exchange that was founded in Hong Kong. It has a huge user base across the world, and is constantly expanding their services.

With Xfers support, you are able to buy XRP directly from your SGD.

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

  1. Go to Crypto Wallet
  2. Click on ‘Buy XRP’
  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‘.

Once you’ve found Ripple, you can tap on the wallet.

#2 Click on ‘Buy XRP’

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

Crypto.com Buy XRP

#3 Select your payment method

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

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

1. Debit or credit card

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

Crypto.com Buy XRP Credit Card

This would probably the most efficient way of buying XRP. 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 XRP using your credit or debit card.

2. Crypto wallet

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

Crypto.com Buy XRP Crypto Wallet

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

3. Fiat wallet

You can purchase XRP directly from SGD using the fiat wallet.

Crypto.com Buy XRP Using Xfers

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

Crypto.com allows you to connect your Xfers wallet to the exchange. As such, you can buy XRP directly from your SGD.

#4 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 XRP 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

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.

One advantage is that Crypto.com offers their Crypto Earn program. This allows you to earn interest on your XRP.

Crypto Earn Select Crypto

However, your XRP will be locked up for a maximum of 3 months if you want to earn the highest interest rates. This is less flexible compared to other crypto earning platforms, such as:

  1. Celsius
  2. BlockFi
  3. Hodlnaut
  4. YouHodler
  5. Nexo

Binance Singapore

Binance Singapore is a separate exchange from Binance. This exchange allows you to purchase XRP from your SGD too.

Here’s what you need to do to purchase XRP on Binance Singapore:

  1. Go to Buy/Sell
  2. Determine the amount of SGD you want to use
  3. Make the trade

#1 Go to Buy/Sell

On Binance Singapore’s platform, you can go to the ‘Buy/Sell‘ tab.

Binance Singapore BuySell

#2 Determine the amount of SGD you want to use

Once you are on the page, you can choose the amount of SGD you wish to trade.

Binance Singapore Buy XRP

The XRP will be bought at the prevailing market rate.

You can choose to purchase XRP from 2 methods:

  1. Xfers wallet
  2. Binance cash wallet

You’ll need to transfer your money from your bank account to Xfers before you can make a trade!

#3 Make the trade

Once you have executed the order, your XRP will be credited into your portfolio.

Verdict

Here are the fees and minimum trading amounts that you’ll need to pay with Binance Singapore:

TypeAmount
Minimum Trading
Amount
$20
Trading fees0.60%
Withdrawal feesNone

The fees for Binance Singapore are quite high compared to the other exchanges.

However, it does provide a fuss-free way for you to buy XRP with your SGD.

Liquid

Liquid is a crypto exchange that is based in Japan. It allows you to transfer your SGD to the exchange, but the withdrawal fees are rather high.

Here’s what you need to buy XRP from SGD on Liquid:

  1. Deposit your money via bank transfer
  2. Go to Spot Trading
  3. Select XRP/SGD as your trading pair
  4. Select the quantity to trade
  5. Make the trade

#1 Deposit your money via bank transfer

You’ll need to transfer your money via wire transfer to Liquid.

Liquid Funding Your Account Instructions

You are able to deposit SGD into your Liquid account.

#2 Go to Spot Trading

Once you’ve deposited your funds, you can go to ‘Spot Trading‘ to make the trade.

Liquid Spot Trading

There are other options like Margin trading. However, they are too risky especially if you’re just starting to trade in crypto!

#3 Select XRP/SGD as your trading pair

You’ll need to select XRP/SGD as your trading pair.

Liquid XRP SGD Trading Pair

#4 Select the quantity to trade

You’ll need to select the type of order that you wish to make:

  1. Limit
  2. Market
  3. Stop
  4. Stop limit
Liquid Buy XRP Type Of Trade

After that, you’ll need to select the amount of SGD or XRP that you wish to include in the trade.

#5 Make the trade

Once your trade is executed, the XRP will be added to your portfolio.

Verdict

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

TypeAmount
Trading feesUp to 0.30%
Withdrawal Fees$15 SGD + $30 USD

The trading fees are one of the lowest that you can incur. However, the withdrawal fees can be pretty hefty!

You may want to send your XRP to another exchange that charges you lower withdrawal fees.

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 XRP on Tokenize:

  1. Deposit your funds
  2. Go to ‘Market’
  3. Select SGD/XRP 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/XRP as your trading pair

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

Tokenize SGD XRP 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 XRP that you wish to pay.

Tokenize Buy XRP Limit Order

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

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

Tokenize Buy XRP 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 XRP that you wish to buy.

#5 Make the trade

After you’ve confirmed your trade, your XRP 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 Fees0.80%
(min. $1 SGD)
Withdrawal Fee0.55%

The 0.80% fee is slightly cheaper than Coinhako. However compared to other exchanges, the fee is pretty high.

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

It may not be worth using Tokenize for XRP as there are more cost effective options out there.

Binance

Binance is one of the largest trading platforms in the world. You can choose to buy XRP using your credit or debit card.

Binance Buy XRP

However, you will incur a 1% credit card fee for every purchase.

Verdict

Binance is not a very cost effective way of buying Ripple. This is because XRP is found in many platforms, where you are charged a lower fee.

I would only recommend Binance if you are interested in buying altcoins that are less common, such as DOGE or ZIL.

This can be done via their trading platform, which helps you save on fees!

Conclusion

There are quite a few exchanges that allow you to buy Ripple directly from SGD.

With so many options out there, which one should you choose? Here are some considerations for you:

  1. Ease of depositing and withdrawing your funds
  2. The fees you’ll incur for trading and withdrawing your funds
  3. The minimum trade amounts you’ll need to make

👉🏻 Referral Deals

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

Luno Referral (Earn SGD $5 in Bitcoin)

If you are interested in signing up for a Luno account, you can use the referral code ‘T5N74J‘ or my referral link to sign up for an account.

You’ll be able to earn SGD $5 worth in Bitcoin!

Luno Referral

Here’s what you need to do:

  1. Sign up for a Luno Account
  2. Deposit and buy ≥ SGD $100 of BTC via Instant Buy
  3. Receive SGD $5 in Bitcoin

You will need to purchase BTC using the Instant Buy function. The fees that you incur will be 1%.

Luno Buy BTC Fees Instant

It would be best to buy only $100 SGD worth of BTC, which only incurs you a $1 fee. The $5 SGD bonus will be able to offset the fee!

Zipmex Referral (Receive ~ $10 SGD worth of ZMT tokens)

If you are interested in signing up for a Zipmex account, you can use my referral link. You can earn 2.5 ZMT (worth ~ $10 SGD) when you lock up at least 250 ZMT tokens using ZipLock.

Here’s what you need to do:

  1. Sign up for a Zipmex account and complete your KYC
  2. Buy ≥ 250 ZMT from SGD using the trading platform
  3. Lock up your ZMT tokens in ZipLock
  4. Receive 2.5 ZMT tokens

You will be able to earn 16% APY on the ZMT that you’ve locked up!

Zipmex ZipLock ZMT Rate

Your ZMT tokens will need to be locked up for a minimum of 90 days.

Crypto.com Referral (Get $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.

Liquid Referral (10% of your trading fees for the first month)

If you are interested in signing up for a Liquid account, you can use my referral link and use the referral code ‘Op-p4Wt6863107‘.

You are able to receive a 10% discount on your trading fees for your first month with Liquid!

Liquid Referral

Here’s what you need to do:

  1. Sign up for a Liquid account
  2. Make any trades on Liquid’s platform
  3. Receive a 10% discount for each trade you make in the first month

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.


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