When you trade on Binance Singapore, the local version of the world’s largest crypto exchange, regulated under Singapore’s Monetary Authority of Singapore (MAS). Also known as Binance SG, it’s designed for users who want a compliant, transparent way to buy and sell digital assets in Southeast Asia. But knowing it’s regulated doesn’t tell you how much it actually costs to use. Fees can make or break your returns—especially if you’re trading small amounts or moving money in and out often.
Binance Singapore’s fee structure is simple, but it’s not always obvious. Spot trading starts at 0.1% for both makers and takers, which is average for a regulated exchange. That’s higher than Binance.com’s 0.1% maker / 0.02% taker tier, but it’s still competitive in Singapore’s market. If you’re trading large volumes, you can drop to 0.08% with higher BNB holdings. But here’s the catch: you can’t use BNB for fee discounts on Binance SG like you can on the global site. That’s because MAS rules limit how much you can tie your trading costs to a single token.
Withdrawal fees are where things get real. For Bitcoin, expect to pay 0.0005 BTC per withdrawal. For Ethereum, it’s 0.01 ETH. These aren’t hidden—they’re listed clearly on the site—but they add up fast if you’re moving crypto between wallets or platforms. Deposits, on the other hand, are free for most cryptocurrencies. Fiat deposits via FAST or PayNow are also free, which is a big plus for local users. But if you’re withdrawing SGD to your bank account, you’ll pay a flat S$1.50 fee. That’s low compared to other local exchanges, but it’s still a cost you can’t avoid.
Compare that to KoinBX, a Singapore-based exchange built for local traders with INR and SGD support. Also known as KoinBX, it offers similar trading fees but with faster KYC and FIU-IND compliance for Asian users. Or GroveX, a no-KYC exchange that charges ultra-low fees but lacks regulation and user trust. Also known as GroveX exchange, it’s tempting for privacy-focused traders, but you’re trading safety for savings. Binance Singapore sits in the middle: not the cheapest, but one of the most reliable. You’re paying for compliance, customer support, and security—not just trading access.
What you won’t find on Binance Singapore? Zero-fee trading like on KCEX or negative maker fees on futures. You won’t find anonymous trading or crypto-to-crypto swaps without KYC. And you won’t find the full range of tokens available on Binance.com. The platform is intentionally limited to comply with MAS rules. That means fewer risky tokens, fewer scams, and fewer surprises. But it also means less flexibility.
If you’re new to crypto in Singapore, Binance SG is one of the safest places to start. The fees are fair, the interface is clean, and the support is responsive. But if you’re a high-frequency trader or someone who moves money constantly, you’ll want to track every withdrawal and trade cost. Every 0.1% adds up over time. And if you’re comparing platforms, don’t just look at the headline fee—look at what’s hidden: withdrawal limits, processing times, and whether you’re paying in crypto or fiat.
Below, you’ll find real reviews and deep dives into exchanges like Binance Singapore, GroveX, KoinBX, and others. You’ll see what people actually pay, what they regret, and what they wish they’d known before signing up. No fluff. No marketing. Just what works—and what doesn’t—in Singapore’s crypto market today.
Binance offers low fees and 500+ cryptocurrencies in Singapore but lacks MAS licensing. Learn the risks, deposit options, and how it compares to Gemini and Luno in 2025.
