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How Can I Buy a Cryptocurrency in Singapore?

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Do you want to buy cryptocurrencies in Singapore? Then you need to be aware of the best places available to proceed with.

So that you with ease can purchase the cryptocurrencies that you want and experience the benefits that come along with your investments.

When you are looking for an answer to “how can I buy a cryptocurrency in Singapore?” You are probably asking yourself “where can I find the best deals?”

The internet is a great source to find out what is currently being sold for. You just need to be careful; you do not want to get taken for a ride by scammers or scam artists. Also, you need to check the reviews and feedback from the site.

To help my Singapore based friends I did my research looking into which exchanges and trading platforms are open for people that live in Singapore.

And I also reached out to my friends who have bought and sold cryptocurrencies before where they buy cryptos like Bitcoin, Ether, Litecoin, etc today!

The best options to buy cryptos from in Singapore

1 ) Coinbase 

Coinbase exchange photo

When you take a look at the most popular methods among how people in Singapore go ahead with purchasing cryptocurrencies, you will notice that Coinbase is holding a prominent place.

This is one of the most popular online cryptocurrency exchange platforms. You can stick to Coinbase and go ahead with all your cryptocurrency exchanges.

It can provide you with a convenient experience and deliver the ability that you want to get the cryptocurrencies needed.

When you are using Coinbase, you will be able to purchase cryptocurrencies immediately.

You will be able to use the credit card or debit card to make the payments. You can create an account on Coinbase with ease as well.

Moreover, people in Singapore can easily verify the address, which is essential before purchasing cryptocurrencies on this platform. It is easy to see why many people in Singapore use Coinbase for the first time, learn more at this site why.

Special deal – Get $10 for free at Coinbase when buying for a minimum of $100

2 ) Bitcoin ATMs 

Bitcoin ATM

If you are interested in purchasing Bitcoin, you can take a look at the Bitcoin ATMs.

There is a total number of over 4,200 Bitcoin ATMs available out there in the world. Out of them, 9 Bitcoin ATMs are available in Singapore. You will be able to locate these Bitcoin ATMs easily and purchase Bitcoin you want in any amount.

You will have to deposit flat currency to purchase Bitcoin while you are using these Bitcoin ATMs. 

You will be able to get hold of Bitcoin instantly with the help of a Bitcoin ATM machine as well.

This method will provide you with the opportunity to overcome the verification process, which you have to go through at the time of purchasing cryptocurrencies that you want from an online exchange.

However, the transaction fee associated with withdrawing Bitcoins from the Bitcoin machines located in Singapore is relatively high. You need to keep this fact in your mind and go forward with the decision to get the necessary cryptocurrencies.

3 ) Luno 

Luno exchange screenshot

Luno is a Bitcoin trading platform, which is prevalent in all parts of the world. You can think about sticking to Luno to purchase the cryptocurrencies that you want in Singapore as well.

One of the best things about Luno is that it provides people with the chance to buy Bitcoin needed with a minimum fee. Therefore, you will be able to reduce the amount of money that you are spending as the fee up to a great extent.

Luno has been able to receive an excellent reputation as a trusted Bitcoin exchange among people in Asia.

You can imagine the service provider and go for trading activities to buy Singapore. Along with Bitcoin, Luno recently started offering Ethereum as well. Hence, you can buy any of these two currencies with ease. 

4 ) Coinmama 

Coinmama trading platform screenshot

Coinmama is another popular web-based cryptocurrency exchange.

This online cryptocurrency exchange is being accessed by people who live in all parts of the world as well. If you are a beginner to cryptocurrency investments, you are encouraged to take a look at Coinmama.

That’s because the online cryptocurrency exchange platform is a convenient and hassle-free one. You will be able to use that and get your work done with ease. 

Coinmama is accessible to all the people in Singapore. Therefore, you can go ahead and purchase cryptocurrencies that you want within the comfort of your home.

You can receive the best limits for the purchases of Bitcoin that you make along with the option to buy with a credit card. You can consider this as a trusted and reliable broker as well. 

5 ) Kraken 

Kraken cryptocurrency exchange

Kraken is a leading cryptocurrency exchange that you can find out there on the internet. And it is one of the oldest remaining Bitcoin trading exchanges.

It is also available for the people in Singapore who are interested in moving forward with their cryptocurrency investments. This is a trusted and well-financed cryptocurrency exchanging platform.

It has also been able to earn an excellent reputation for the low maker fee. Hence, you can save your money while purchasing the cryptocurrencies that are needed.

A high level of security is available for the people in Singapore who go ahead and buy the cryptocurrencies from Kraken as well. 

Conclusion

As a way to branch out for our global focus here at Go CryptoWise we want to also provide helpful content that is localised. So I hope that you liked this article about ways to buy cryptocurrencies in Singapore!

I have been asked this by some Singapore based friends so I wanted to do my part and provide you with some options that I know works in Singapore from doing my research and also asking my crypto-savvy friends who lives over there!

Another way to find out if you can buy a cryptocurrency in Singapore would be to ask a Singapore resident.

There are many online forums (like Remitano or Salary.sg) out there that you can go to. One way to find out how can I buy a cryptocurrency in Singapore is to talk to a Singaporean.

They will know where to find the best deals for their local currency. So get yourself a good idea of what the best places are for you to buy a cryptocurrency in Singapore.

Be sure to find to do your research before you buy your first cryptocurrency. And don’t be afraid to ask others for help.

Source: https://gocryptowise.com/blog/how-can-i-buy-a-cryptocurrency-in-singapore/

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MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

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Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

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After Bitcoin U-Turn, Nigeria Plans To Launch Central Bank Currency This Year

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According to Reuters, the Central Bank of Nigeria (CBN) plans to launch a digital currency pilot as soon as the end of this year.

Last month, the CBN Governor, Godwin Emefiele, made a U-turn on Bitcoin and other cryptocurrencies by saying he will “allow” them. Previously, the CBN had sought to restrict the cryptocurrency sector by imposing regulatory sanctions on monetary businesses that serviced cryptocurrency exchanges.

In a turn of fortunes, it now looks as though Nigerian officials are embracing blockchain technology. All the same, in what may well turn into a showdown between private and public cryptocurrencies in the future, arguments against central bank offerings remain as pertinent as ever.

The Nigerian Central Bank Digital Currency Has Been Years In The Making

Despite Nigeria’s purported aversion to fintech, it’s emerged that the central bank has been working on a digital currency for the past two years.

The CBN Director of Information Technology, Rakiya Mohammed, echoed what many other countries have mentioned in the past. That is, Nigeria will not be left behind in the technological revolution.

“We’re all aware that about 80% of central banks in the world exploring the possibility of issuing central bank digital currency, and Nigeria cannot be left behind.”

One of the reasons given for the CBN’s previous anti-Bitcoin position was a need to protect its citizens. In 2018, the CBN said that there is no legal redress if things go wrong in an unregulated market. There was also the usual spiel of links to illicit activity such as money laundering and terrorist financing.

Mohammed sells the idea of a central bank digital currency on it bringing financial inclusion and having the backing of the Nigerian government.

“If you have a central bank digital currency that is backed by the government, then people can make transactions online without fear of any default.”

Is This The End For Privacy?

As previously mentioned by billionaire investor Ray Dalio, governments will do all they can to maintain monopoly control of their money, even if that means outlawing the competition.

“every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control.”

Anthony Pompliano rubbished this idea saying governments cannot ban Bitcoin. But he concedes that a scenario of coordinated global action could make life difficult for Bitcoin users.

And as cryptocurrencies continue to make their mark in the world of finance, regulators and policymakers may soon be forced to show their hand on the matter.

Unlike private cryptocurrencies, which operate on decentralized networks, central bank digital currencies would be issued and controlled by a central bank. This enables them, and by extension national governments, to track every transaction in their economies.

Liberal commentators view this situation as a significant blow to privacy. What’s more, as noted with several U.K banks refusing crypto transactions recently, central digital currencies have the potential to bring about a dystopian future in which transactions deemed “against the state” also get refused.

Source: https://bitcoinist.com/after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year

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