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.
Contents
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,
Platform | Direct From SGD? | Trading Fee |
---|---|---|
Coinhako | Yes | 0.8% â 1% |
Tokenize | Yes | 0.8%, min. $1 |
Crypto.com (App) | No | None (but may have larger spread) |
AAX | No | 0.1% |
Coinbase | Yes | 3.99% |
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
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 youâll need to do to buy Stellar Lumens on Coinhako:
- Deposit your SGD into your SGD wallet
- Go to âTradeâ
- 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:
- Xfers
- 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.

Donât 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 âTradeâ
On Coinhakoâs platform, youâll need to go to the âTradeâ section.

This is where you are able to buy and sell crypto on Coinhako.
When you are making any trade, you canât 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
Youâll need to scroll down to find XLM, and then click on âBuyâ.

#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 âCOINGECKOâ, 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 Coinhakoâs 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 youâre done, you will need to verify your trade.
XLM will be credited into your account when the trade is completed.
Verdict
Here are the fees that youâll 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 youâll 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.
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!

Hereâs how you can buy XLM on Tokenize:
- Deposit your funds
- Go to âMarketâ
- 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, youâll need to deposit your SGD into your wallet first.
However, it can be a bit hard to navigate around Tokenizeâs site. Youâll need to see go to the top right-hand corner which has your name, and select âWalletsâ.

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

Youâll need to click on âDepositâ, and you can deposit your funds via 2 ways:
- Xfers Direct Transfer
- Swap from XSGD wallet

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

Youâll 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 âMarketâ
After making your deposit, you can start trading your SGD for crypto.
Youâll need to select âMarketâ 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
- Market
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 donât like about market orders is that you wonât be able to see the trading fee that youâll need to pay beforehand.
Once youâve 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 youâve confirmed your trade, XLM will be credited into your wallet.
Verdict
Here are the fees that youâll 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, youâll need to take note of the minimum $1 fee.
Moreover, youâll need to pay a fee for each deposit and withdrawal you make!
Youâll need to decide if paying these extra fees is worth it to gain access to a greater variety of currencies!
Crypto.com (App)
Crypto.com is a crypto platform that offers Xfers support. This does make trading crypto more accessible from Singapore.
However, you canât buy XLM directly from SGD.
Instead, youâll need to make at least 2 trades to purchase Stellar Lumens.
How to buy XLM on Crypto.com
Here are the steps youâll need to do to buy XLM on Crypto.com:
- Go to Crypto Wallet
- Scroll down and find XLM
- Click on âBuy XLMâ
- Select your payment method
- Confirm the trade
#1 Go to Crypto Wallet
Youâll need to access your crypto wallet on the Crypto.com app.

This can be done by tapping on the central icon and going to âCrypto Walletâ.
#2 Scroll down and find XLM
If you donât have any XLM in your Crypto.com wallet, youâll 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 âBuy XLMâ
You will be on the XLM price page. Youâll need to tap on âBuy XLMâ 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 youâre 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.

You can only buy XLM using either CRO, BTC or USDT.
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 youâll 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.
Verdict
Here are the fees that youâll incur with Crypto.com:
Type of Fee | Amount |
---|---|
Deposit Fees (SGD) | None |
Trading Fees | None |
Withdrawal Fee (SGD) | 0.4% per withdrawal (Xfers) |
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 youâll need to consider.
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 youâll need to make 2 conversions before you can get XLM.
Hereâs 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, youâll 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, youâll need to go to âBuy Crypto â Exchangeâ.

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

I would suggest using USDT, as it is less volatile compared to BTC.
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 youâve exchanged your SGD for USDT, you can now go to AAXâs trading platform.

This can be done by selecting âSpotâ on the menu.

After that, youâll need to select a trading pair with XLM.

#4 Make the trade
After selecting your XLM trading pair, youâll need to decide on the order type:
- Limit
- Market
- Stop order

Youâll also need to enter the details of the trade you wish to make.
This includes:
- 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.
Verdict
Here are the fees and minimums when youâre trading on AAX:
Deposit Minimum | $50 |
Deposit Fees | $35 if deposit < $1500, none if deposit â„ $1500 |
Trading Fees | Up to 0.1% |
Withdrawal Minimum | $150 |
Withdrawal Fees | 0.3% (Minimum $10) |
Sending Fees | Depends on currency |
If you want to save on the deposit fees, youâll 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, youâll 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
Coinbase only allows you to purchase XLM via your debit or credit card.

However, Coinbase charges you a 3.99% credit card fee. The fee is quite high and rather comparable to Coinhakoâs.
Verdict
Coinbase is the least cost effective way of buying XLM in Singapore. You are charged a really high fee of 3.99%.
Moreover, you arenât able to sell your crypto for SGD. You canât withdraw from Coinbase in Singapore either, as they no longer support Xfers.
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 youâll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.
The currency that you should buy is Bitcoin or Ethereum, which 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.

Binance
Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.
You canât buy XLM using a credit card, nor directly from SGD. As such, youâll need to use the altcoin method to buy this currency.
First, youâll 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, youâll need to make sure that the address youâre 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 Binanceâs P2P platform as well.

This platform allows you to buy crypto from SGD, such as:
- BTC
- ETH
- USDT
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, youâll need to be very careful with who youâre trading with!
Make the trade from your crypto to XLM
After depositing your crypto, youâll have to buy XLM on Binanceâs trading platform.

Here are the trading pairs that you can trade for XLM on Binance:
- XLM/EUR
- XLM/USDT
- XLM/BUSD
- XLM/BNB
- XLM/BTC
- XLM/ETH

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

Youâll need to decide on:
- The price that youâd 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.
Verdict
Here are the fees that youâll incur on Binance:
Fee | Amount |
---|---|
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 youâre from Singapore. If you send USDT or BTC to Binance, you may incur a withdrawal fee from the crypto exchange youâre 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
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, youâll need to deposit another cryptocurrency into the exchange first.
Hereâs what youâll 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, youâll need to go to âBalances â Exchange Accountâ.

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 âSpot Trading â Exchangeâ.

Youâll be brought to Huobiâs exchange platform.

Youâll 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:
- XLM/USDT
- XLM/BTC
- XLM/ETH
- XLM/HUSD
#3 Select the type of order you wish to make
After youâve selected your trading pair, you would need to select the order type that you wish to make:
- Limit
- Market
- Stop-Limit
- 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 youâve selected your order, youâll 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.
Verdict
Here are the fees that youâll 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
OKEx is another crypto exchange that you can consider buying XLM from.
Hereâs 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
Youâll need to go to âAssets â Depositâ,

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.
Youâll need to go to âTrade â Basic Tradingâ,

which brings you to OKExâs 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:
- Limit
- Market
- Stop
- Trigger
- Advanced Limit

Youâll 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.
Verdict
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.
Conclusion
If you want to buy XLM directly from SGD, you can use:
- Coinhako
- Tokenize
- Coinbase
However, the fees are much higher for these platforms.
For the other platforms mentioned, youâll need to make at least 2 trades before you can buy XLM!
đđ» 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)!

Hereâs what you need to do:
- Sign up for a Tokenize account
- Trade at least $1000 USD worth of crypto
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You can view details of this referral program on Tokenizeâs 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 Tokenizeâs website as well.
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Hereâs what you need to do:
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The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!

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