Everywhere you go these days, people are talking about cryptocurrencies, and Singapore is no different. With a rapidly expanding economy and a young population, it’s no surprise that cryptocurrencies are quickly becoming more popular in this country. To help you spend your hard-earned Bitcoins in Singapore we’ve compiled a list of 8 places where you can use them! You’ll find everything from online gambling to electronics deals on these websites.
The Growth of Cryptocurrency in Singapore
A total of more than $100 billion has been invested in the cryptocurrency market in Singapore, making it one of the world’s most active. The Monetary Authority of Singapore has stated that they will not regulate cryptocurrencies at this time, but they are keeping an eye on the industry to see how it develops.
The most popular cryptocurrency in Singapore is currently Bitcoin, but there are a number of other options available. Singaporeans may use Ethereum, Litecoin, and Bitcoin Cash.
The Best Places To Spend Crypto in Singapore
There are a few ways that you can spend your cryptocurrencies in Singapore. It is possible to use them to buy items online or offline, or to gamble. Here’s a list of some of the best places to spend your cryptocurrencies in Singapore
CoinHako, a Singapore-based cryptocurrency exchange, is the first on our list. You may buy and sell Bitcoins, Ethereum, Litecoin, and other cryptocurrencies on this website. They also offer a Bitcoin wallet service so that you can store your coins securely.
You can shop for anything from gadgets to cosmetics at online marketplace Shopee. You may use any of the supported cryptocurrencies to pay for your purchases. Plus, there are often some great deals to be found on Shopee!
Look no farther than BK8 if you’re searching for a crypto-gambling site. This trusted online casino Singapore offers online gambling games, slots, sports betting, and horse racing. They accept Bitcoin, Ethereum, USDt and many other cryptocurrencies so you can spend your hard-earned coins here!
Bitcoin Exchange Pte Ltd (BX)
Another place to buy physical items with cryptocurrency is at BTC Exchanges Pte Limited also known as BX. This store sells a wide variety of electronics including laptops and smartphones which you can pay for using one of the supported currencies like bitcoin or litecoin. You’ll find great deals on these products because they primarily sell refurbished goods that are in good condition but may have minor flaws such as scratches etc.
It is the goal of Games Garage to provide a safe haven for the board game enthusiast community. Board games of all kinds are available for you to enjoy with your loved ones. They accept Bitcoins for their products, although they are planning on implementing other cryptocurrencies in the future.
Seafood lovers may enjoy oysters, salmon, caviar and champagne at the Oyster Bar in Singapore. This luxurious bar not only accepts Bitcoins but also Ethereum and Litecoin! They offer a wide variety of seafood dishes that you can order to satisfy your cravings.
The Keg Steakhouse & Bar
If you’re looking for somewhere to have a nice steak dinner then The Keg is the place for you! This restaurant chain offers high-quality steaks at an affordable price. You can pay for your meal with Bitcoin, Ethereum, or Litecoin at any of their locations in Singapore.
Singapore Airlines is the last airline to accept cryptocurrency as payment for flights. You can use Bitcoin, Ethereum, or Litecoin to book your flight and receive a discount on the ticket price. Plus, you’ll get to enjoy a comfortable and luxurious flight on Singapore Airlines!
How To Buy Cryptocurrencies in Singapore?
Now that you know where to spend your cryptocurrencies, the next thing on your list is how to buy them. For this purpose, we recommend CoinHako which operates as a cryptocurrency exchange in Singapore. You can sign up for an account with them and purchase Bitcoins by following these simple steps.
First of all, you need to register an email address or phone number so they can verify your identity during trading. Then head over to their website at coinnest.com.
Choose Your Package
Next, select one of three available packages depending on whether you want to access via mobile app only, desktop software only, or both! To continue, click “Next” and then “Submit” to provide some personal information about yourself.
Depositing money into your account is the next step once you’ve signed up and validated your account. You can do this by clicking on the “Deposit” button at the top of the page and selecting your preferred method. In this example, we will use SGD (Singapore Dollars) so click on “Deposit SGD”.
Verify Your Bank Account
Verifying your bank account is the last step. For this you will need to input some specific details about your bank such as its name, routing number etc then upload an image of both sides of your bank card. Once you have done that, hit “Submit” and your account will be verified!
Now that you have deposited funds into your CoinHako account, you can start trading cryptocurrencies like Bitcoin, Ethereum and Litecoin!