How to Buy Crypto with DBS Bank

How to Buy Crypto with DBS Bank

Learn the secure way to buy crypto with DBS Bank, leveraging Singapore's regulated exchanges for safe digital currency transactions.

Summary: DBS Bank enables its clients to invest in crypto assets, with options ranging from Bitcoin to Ethereum and Solana, via MAS-licensed exchanges. Conducted in Singapore Dollars (SGD), these operations require registration with a MAS-regulated digital currency exchange.

Coinhako stands out among its peers for instant SGD deposits, favorable fee structures, and a wide range of over 100 cryptocurrencies, marking its prominence as a leading exchange in Singapore. Its distinguished position is further solidified by stringent adherence to MAS guidelines, positioning it as a trusted and authoritative figure in the digital asset ecosystem.

Top Platform for DBS Bank
4.9 out of 5.0 by Datawallet
Coinhako stands out for DBS Bank customers with fast SGD deposits, low fees, and access to over 100 cryptocurrencies, all under strict compliance with Singapore's regulatory standards for secure trading.
Licensing and Regulation
Licensed by the Monetary Authority of Singapore (MAS).
Available Assets
BTC, ETH, SOL, AVAX, USDC, TIA and 100 more.
SGD Deposit Methods
FAST Bank Transfers, PayNow, Debit Card and more.

Licensed by MAS under the Payment Services Act (License No: PS20200556).

Content Guide
Daily Newsletter & Research  🗞️

Get the daily newsletter keeping 200,000 investors ahead of the market.

Your email been received!
Please double check your email address.

Can I Buy Crypto with DBS Bank?

DBS Bank supports its customers in purchasing cryptocurrencies, including Bitcoin, Ethereum, and various stablecoins, using Singapore Dollars (SGD) from their DBS bank account or via a DBS Card. These transactions are processed through a regulated cryptocurrency exchange in Singapore. To engage in crypto investments, individuals must register with a digital currency exchange licensed by the Monetary Authority of Singapore (MAS) to ensure regulatory compliance.

How to Buy Crypto with DBS Bank

To venture into digital assets using DBS Bank, selecting a MAS-regulated exchange in Singapore is crucial for investor protection. Among the platforms sanctioned by the Monetary Authority of Singapore (MAS), Coinhako stands out as the largest and most trusted exchange in the region. It offers instant SGD deposits with PayNOW and Fast bank transfers, competitive fees, and extensive liquidity on over 100 cryptocurrencies.

Follow this simplified four-step guide to get started:

  1. Account Registration and Verification: Register at Coinhako and complete the verification process to activate your account.
  2. Linking DBS Bank Account: Connect your DBS Bank account for SGD transfers to Coinhako.
  3. Cryptocurrency Selection: Coinhako provides a selection of over 30 cryptocurrencies for trading.‍
  4. Trade Execution: Determine the SGD amount for investment and finalize your trade on Coinhako.
Buy Crypto with DBS Bank

What are the Fees?

When purchasing Bitcoin or other cryptocurrencies via a DBS Bank account, the fees can vary based on the chosen exchange platform. Key expenses to account for are deposit and withdrawal fees, the spread between buy and sell prices, and transaction fees.

For DBS Bank users, Coinhako emerges as a highly economical choice. It offers an attractive fee structure with some of the lowest spreads in the market for crypto assets. Trading fees start at just 0.6%, setting Coinhako apart for its affordability. Additionally, transactions benefit from a low deposit fee of SG$2.50 for amounts under $1,000, and withdrawals incur a minimal, flat fee of $1.50.

Is DBS Bank Crypto-Friendly?

DBS Bank actively supports cryptocurrency ventures, permitting interactions with sanctioned trading platforms that conform to the Monetary Authority of Singapore's (MAS) stringent regulations. This policy allows DBS Bank patrons to move Singapore Dollars (SGD) from their bank accounts to exchanges that uphold the nation’s regulatory frameworks to curb financial crimes such as fraud and money laundering.

Consequently, DBS Bank customers can participate in cryptocurrency investments on these regulated exchanges with the assurance that their transactions are secure and compliant with all relevant legal mandates.

Bottom Line

In summary, DBS Bank's collaboration with MAS-regulated Coinhako provides a robust and lawful platform for customers interested in cryptocurrencies like Bitcoin and Ethereum. This partnership, ensuring transactions in SGD, aligns with Singapore's stringent financial regulations. Coinhako, noted for its swift SGD deposits, low fees, and extensive cryptocurrency options, stands as a leading exchange in Singapore's digital asset market, offering DBS Bank clients a dependable channel for cryptocurrency investments.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

No items found.