Coinjoker- A top cryptocurrency exchange development company in Singapore provides readymade and whitelabel cryptocurrency exchange script solutions for Singaporeans to build their own cryptocurrency exchange platform with top-notch and cutting edge business modules.
Singapore- Innovation of Technologies
The city-state of Singapore has often been praised as a huge economic powerhouse in the Asia Pacific region among the world. Since their country independence, Singapore has revolution itself from the rural backwater to the higher economic miracle in today’s.
It may be noted as while Singapore may lacks in size, but it grows up for in innovation and economic strength. It may become hardly come as a surprise that Singaporeans have long been a financial hub in this part of the Asian region. Besides Singapore is standing as the first top for international banks and MNCs looking to get a foothold.
Cryptocurrency Regulation on Singapore:
With the unregulated nature of cryptocurrencies, it can be seen why many governments are reluctant to use cryptocurrencies. Because, the fact of the matter is that cryptocurrency and blockchain technologies represent their growth way forward. By the allowance of crypto transactions which made anywhere around the world by anyone with an internet, the appeal of cryptocurrencies is as quick and clear as everyday.
In the current days, the cryptocurrency usages rising in popularity and adoption of cryptos rates skyrocketing, besides the Singaporean government has taken several steps to ensure make great place in the future. The Monetary Authority of Singapore or MAS unlike its counterparts in other nations have recognized the growth and value of cryptocurrency in Singapore’s future.
Why Singapore is the best place for crypto exchanges?
Singapore is the place to be for all financial technology (fintech) and crypto related activities. With the presence of stable government partial towards cryptocurrencies and a formidable finance and tech industry it is clear to see that the cryptocurrency stage is set for Singapore to assume its place as the world’s cryptocurrency hub.
Top cryptocurrency exchange websites in Singapore:
Singapore country is also home for one of the many largest crypto exchange platforms:
BitMax - Being autonomous and decentralized
BitMax- is community based and its revenues are distributed through the token holders.
However, it is not the only exchange registered or headquartered in Singapore. There are many others, such as Triple Dice Exchange, Coinbene, Coinut, COSS, DragonEX, ExcambioRex, Coinhako, UEX, Cointiger, Kryptono, CRXzone, Coinhub, Tokenomy, Bitrue, Bitbox, ABCC, Bytex, Kyber Network, Cryptology and Liquid.
How to Buy Bitcoins in Singapore?
There are 3 ways you can buy bitcoins in Singapore: Bitcoin exchange, through a third party broker and most recently, via a Bitcoin ATM.
#1 - Bitcoin Exchange
A Bitcoin exchange functions like your broker and stock exchange combined.
Buyers and sellers come together both online & offline and crypto exchange matches the best prices for both and facilitates the transaction, taking a small commission in the process.
This is the one of the most common way of purchasing bitcoins from anywhere.
What you need before you buy your first Bitcoin in Singapore via bitcoin exchanges:
Wallet - to store your Bitcoins and Cryptocurrency
Bitcoin Wallets in Singapore
Before you can even buy bitcoins, you need a way to store and manage them. The Bitcoin/Cryptocurrency community has aptly named these services as ‘wallet’.
To access your wallet, you will need to have own unique address.
There are many Bitcoin wallets available. Coinbase (US) and Blockchain.info (Luxembourg) are some of the pioneers.
If you prefer to go with a Bitcoin Wallet services in Singapore, Coinhako and Luno are some examples. You can also check out this comparison across Singapore’s cryptocurrency exchanges: Bitcoin Exchanges in Singapore
Exchange / Broker - platform on which you trade Bitcoins and Cryptocurrency
Bitcoin Exchanges in Singapore
Some exchanges operating in Singapore include:
To set up an account, you would need to complete a verification process that typically requires the following:
- Identification (Passport, NIRC or Driving License)
- Proof of address
- Once you are verified, the buying and selling is actually quite simple.
#2 - Third Party Broker
You could also choose to purchase bitcoins through a third party broker.
These are less commonly preferred as most people are able to purchase bitcoins from Bitcoin Exchanges directly.
Coinrepublic used to be a prolific third party broker for Bitcoins in Singapore. However, they had been acquired by a Mexican company and no longer looks to be active.
#3 - Bitcoin ATMs
The first Bitcoin 2 way ATM, known as RoboCoin were installed in 2014. Although they no longer seem to be around.
The Bitcoin ATM works in the same way as our usual bank ATM. You can deposit cash and convert it into Bitcoin, and withdraw cash by converting your Bitcoin to SGD.
If you want to develop own cryptocurrency exchange development company in Singapore? Are you go through deep search of cryptocurrency exchange solutions which make your secure cryptocurrency exchange transactions easily and instantly?
Coinjoker- Best Cryptocurrency Exchange Development Company in Singapore:
Coinjoker have highly experienced and skillful blockchain developers who create bitcoin exchange script solutions for cryptocurrency platforms to create a secure and functional Wallet. Whether you plan to create a Bitcoin exchange platform in singapore or a wallet with multiple cryptocurrencies, Coinjoker developers are ready to help you to achieve business goals.
Later we will assist you in developing your own crypto trading platform which can be easily to transactions with BTC, Libra, ETH, and others.
As the rest of the world stumbles and scrambles to make sense of the cryptocurrency volatile explosion, it would appear that Singapore has the right infrastructure to capitalize on this. However, it remains to be seen how other nations and governments will cope in this brave new world.
Start your crypto exchange website in singapore with us !!