When you use a crypto exchange Singapore, a regulated digital platform where you can buy, sell, or trade cryptocurrencies using Singapore dollars or other fiat currencies. Also known as Singapore crypto platform, it must follow strict rules set by the Monetary Authority of Singapore (MAS) to protect users and prevent money laundering. Unlike exchanges in other countries, those operating legally in Singapore are required to verify your identity (KYC), report transactions, and keep funds secure. This isn’t optional—it’s the law.
That’s why you’ll see posts here about Upbit penalties, a $34 billion fine threat against South Korea’s largest exchange for failing KYC rules, or how TradeOgre, a Canada-based exchange with no KYC, got shut down and had $40 million seized. These cases aren’t just headlines—they’re warnings. If a crypto exchange in Singapore doesn’t ask for your ID, it’s either not real or breaking the law. MAS doesn’t tolerate anonymous trading. That’s why platforms like Bitsonic, a Korean-only exchange with no English support, aren’t practical for most international users, even if they’re compliant in their home country.
What makes Singapore different? It’s not just about rules—it’s about clarity. While the U.S. and EU are still figuring out crypto laws, Singapore has built a reputation for being a stable, business-friendly hub. That’s why you’ll find posts here about crypto regulations, how global rules are shifting, and why Asia is attracting crypto firms with clear guidelines. But being clear doesn’t mean it’s safe to trust every platform. Many fake exchanges—like LongBit, a non-existent site pretending to be a real exchange—use flashy names and fake reviews to trick people. If a crypto exchange Singapore site promises high returns with no verification, it’s a scam.
You’ll also find posts about why some exchanges vanish—like Bvnex, a Vietnam-based platform that disappeared after failing audits and losing user trust. The lesson? Never assume a platform is safe just because it’s popular or has a fancy website. Always check for MAS licensing, user reviews, and transparency. Real exchanges in Singapore publish their compliance status. They don’t hide behind vague terms.
What you’ll find below isn’t a list of top exchanges. It’s a collection of real stories—about shutdowns, fines, scams, and legal battles—that show what actually happens when crypto meets regulation. Some posts warn you about fake airdrops pretending to be tied to Singapore platforms. Others explain how KYC and AML rules work in practice. There’s no fluff, no hype. Just facts from people who’ve been burned, caught, or protected by the system.
Alterdice is a secure, user-friendly crypto exchange based in Singapore, ideal for international traders seeking low fees, strong security, and simple trading tools. Not available in the U.S., but excellent for beginners and mobile users.