Last updated on September 21st, 2021
The Stellar network aims to improve cross-border money transfers by reducing the costs required.
If you are interested in buying the Lumen token (XLM) from Singapore, there are a few crypto exchanges you can consider using.
How to buy Stellar Lumens in Singapore
Here are 8 ways you can buy Stellar Lumens (XLM) in Singapore:
This is a summary of all the methods,
|Coinhako||Yes||0.8% – 1%|
|Tokenize||Yes||0.8%, min. $1|
|Crypto.com (App)||No||None (but may |
have larger spread)
|Binance||No||Up to 0.1%|
|Huobi||No||Up to 0.2%|
|OKEx||No||Up to 0.1%|
and here is each method explained in depth:
Coinhako is one of the most straightforward way of buying XLM in Singapore.
This is because you can directly buy XLM from SGD!
How to buy Stellar Lumens on Coinhako
Here are the steps that you’ll need to do to buy Stellar Lumens on Coinhako:
- Deposit your SGD into your SGD wallet
- Go to ‘Trade’
- Look for XLM and click on Buy
- Select the amount of SGD you wish to use to purchase XLM
- 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:
- 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 XLM and click on Buy
You’ll need to scroll down to find XLM, and then click on ‘Buy‘.
#4 Select the amount of SGD you wish to use to purchase XLM
You will need to select the amount of SGD that you wish to use for your trade. The amount of XLM that you receive will be based on the prevailing market rates.
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 small reduction in fees would help to increase your returns!
It is also possible to buy XLM 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.
XLM will be credited into your account when the trade is completed.
Here are the fees that you’ll incur when trading with Coinhako:
|Type of Fee||Amount|
|Deposit Fees||None (FAST), |
|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 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 XLM directly from SGD helps to make up for it.
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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 XLM on Tokenize:
- Deposit your funds
- Go to ‘Market’
- Select SGD/XLM as your trading pair
- Select the type of order and your trade amount
- 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 via 2 ways:
- Xfers Direct Transfer
- Swap from XSGD wallet
You’ll be asked to select the amount you want to deposit from your Xfers account, along with the fee.
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/XLM as your trading pair
You can select the SGD/XLM 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:
Limit orders will allow you to determine the price of XLM that you wish to pay.
This gives you more control over the price that you want to pay for each XLM.
Meanwhile, market orders will purchase XLM 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 XLM that you wish to buy.
#5 Make the trade
After you’ve confirmed your trade, XLM will be credited into your wallet.
(min. $1 SGD)
The 0.80% fee is slightly cheaper than Coinhako. However, you’ll need to take note of the minimum $1 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!
However, you can’t buy XLM directly from SGD.
Instead, you’ll need to make at least 2 trades to purchase Stellar Lumens.
How to buy XLM on Crypto.com
Here are the steps you’ll need to do to buy XLM on Crypto.com:
- Go to Crypto Wallet
- Scroll down and find XLM
- Click on ‘Buy XLM’
- Select your payment method
- 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 XLM
If you don’t have any XLM in your Crypto.com wallet, you’ll need to scroll down to find the currency.
You can use the search function to find XLM, as there are quite a lot of currencies available on the app!
#3 Click on ‘Buy XLM’
You will be on the XLM price page. You’ll need to tap on ‘Buy XLM‘ to make the trade.
#4 Select your payment method
Similar to Coinhako, you cannot decide on the rate that you wish to buy XLM at. Instead, it will be done at the prevailing market rate.
There are 3 payment methods that you can use to buy XLM on Crypto.com:
1. Debit or credit card
You can use either a credit or debit card to purchase XLM directly.
This would probably the most efficient way of buying XLM. 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 XLM 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 XLM.
3. Fiat wallet
The final way that you can buy XLM 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 XLM from either a EUR or AUD fiat account.
This is because there are only 8 cryptocurrencies that you can purchase from Xfers:
If you want to buy XLM with SGD, here are the steps that you’ll need to do:
- Purchase CRO, BTC or USDT with SGD from your fiat wallet
- Purchase XLM 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, XLM will be credited to your account.
Here are the fees that you’ll incur with Crypto.com:
|Type of Fee||Amount|
|Deposit Fees |
|0.4% per |
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.
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 XLM.
Here’s what you need to do to buy XLM on AAX:
- Deposit SGD into AAX
- Use the Exchange feature to exchange SGD to BTC or USDT
- Find a suitable trading pair with XLM
- Make the trade
#1 Deposit SGD into AAX
First, you’ll need to deposit SGD into your AAX account.
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 BTC or USDT
Once you have your SGD into your account, you’ll need to go to ‘Buy Crypto → Exchange‘.
The Exchange platform allows you to buy BTC or USDT from your SGD.
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 a suitable trading pair with XLM
Once you’ve exchanged your SGD for USDT, you can now go to AAX’s trading platform.
This can be done by selecting ‘Spot’ on the menu.
After that, you’ll need to select a trading pair with XLM.
#4 Make the trade
After selecting your XLM trading pair, you’ll need to decide on the order type:
- Stop order
You’ll also need to enter the details of the trade you wish to make.
- The price of BTC / USDT you want to buy XLM at
- The amount of XLM you wish to buy
Once the trade has been filled, XLM will be credited into your account.
Here are the fees and minimums when you’re trading on AAX:
|Deposit Fees||$35 if deposit < $1500, |
none if deposit ≥ $1500
|Trading Fees||Up to 0.1%|
|Withdrawal Fees||0.3% (Minimum $10)|
|Sending Fees||Depends 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!
However, you’ll still need to make 2 trades to get XLM!
I would think that AAX is suitable only if you intend to trade a large amount of crypto.
Coinbase only allows you to purchase XLM via your debit or credit card.
Coinbase is the least cost effective way of buying XLM in Singapore. You are charged a really high fee of 3.99%.
As such, you should only use this platform as a last resort!
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.
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!
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.
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.
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 XLM 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:
Most of these currencies will have a trading pair with XLM.
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 XLM
After depositing your crypto, you’ll have to buy XLM on Binance’s trading platform.
Here are the trading pairs that you can trade for XLM on Binance:
After selecting your trading pair, you can start to determine the details of your order.
You’ll need to decide on:
- The price that you’d like to buy 1 XLM at
- The amount of XLM you wish to buy
Once you make the trade, XLM will be credited into your account.
Here are the fees that you’ll incur on Binance:
|Trading Fee||Up to 0.1%|
|Withdrawal Fee||0.02 XLM|
The trading fees on Binance are as low as Luno Exchange!
However, it is also quite a hassle to buy XLM 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 XLM than you initially expected.
Furthermore, you may need to think of the strategy you wish to use to sell your XLM and receive SGD too.
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 XLM on Huobi:
- Deposit a cryptocurrency into Huobi
- Select a trading pair
- Select the type of order you wish to make
- Select the quantity of XLM 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.
#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 XLM, which can be done at the left hand side of the platform.
Here are some of the trading pairs on Huobi:
#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:
- 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 XLM you wish to buy
After you’ve selected your order, you’ll need to select the amount of XLM you wish to buy.
Once the trade has been executed, your XLM will be credited into your account.
Here are the fees that you’ll incur when trading with Huobi:
|Type of Fee||Fee Amount|
|Trading Fees||From 0.20%|
|XLM Withdrawal Fee||0.01 XLM|
The trading fees are slightly higher compared to Binance. However, XLM has a slightly lower withdrawal fee!
OKEx is another crypto exchange that you can consider buying XLM from.
Here’s how you can buy XLM on OKEx:
- Deposit USDT, BTC or ETH into OKEx
- Select a trading pair with XLM
- Enter the details of your trade
- Execute the trade
#1 Deposit BTC, ETH or USDT into OKEx
You’ll need to go to ‘Assets → Deposit‘,
and then select either of the 3 currencies to deposit.
#2 Select a trading pair with XLM
Once you have deposited the currency in your OKEx account, you can start trading XLM.
You’ll need to go to ‘Trade → Basic Trading‘,
which brings you to OKEx’s trading platform.
You will need to select the a trading pair with XLM from the search bar:
#3 Enter the details of your trade
You are able to make 5 different types of orders you can make on OKEx:
- Advanced Limit
You’ll also need to enter:
- The price that you want to pay for 1 XLM
- The amount of XLM you want to buy
#4 Execute the trade
Once your trade has been executed, XLM will be credited into your account.
OKEx charges up to 0.1% for their trading fees.
This is slightly cheaper compared to Huobi!
As such, either OKEx or Binance will be a better choice compared to Huobi.
If you want to buy XLM directly from SGD, you can use:
However, the fees are much higher for these platforms.
For the other platforms mentioned, you’ll need to make at least 2 trades before you can buy XLM!
👉🏻 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)!
Here’s what you need to do:
- Sign up for a Tokenize account
- Trade at least $1000 USD worth of crypto
- Receive 5 TKX in your Tokenize wallet
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.
Here’s what you’ll need to do:
- Sign up for a Crypto.com account
- Enter my referral code: ‘x2kfzusxq6‘
- 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.
Coinbase Referral (Receive USD $10 worth of BTC)
If you are interested in signing up for Coinbase, you can use my referral link.
You are able to earn USD $10 worth of BTC in your wallet!
Here’s what you need to do to earn this reward:
- Create an account on Coinbase using my referral link
- Trade at least USD $100 worth of cryptocurrency within 180 days of opening your account
- Receive USD $10 worth of BTC
You can view the details of the Coinbase referral program to find out more.
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!
OKEx Referral (Receive USD $10 of BTC)
If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.
Here’s what you need to do:
- Sign up for an OKEx account
- Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
- Buy ≥ $100 USD worth of crypto
- Receive $10 USD worth of BTC in your OKEx account
If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.
The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!
Are you passionate about personal finance and want to earn some flexible income?