Summary: OCBC Bank doesn't offer a direct route for cryptocurrency investments through its online banking services. However, it does enable its clients to transfer Singapore Dollars (SGD) to cryptocurrency exchanges that are regulated by the Monetary Authority of Singapore (MAS).
For OCBC customers looking to delve into the cryptocurrency market, we highly recommend Independent Reserve. This exchange holds the distinction of being among the first to obtain an exchange license from MAS. It offers quick and affordable SGD deposits from accounts, and allows trading in more than 40 different cryptocurrencies and stablecoins, all while maintaining competitive fee structures.
Can I Buy Bitcoin with OCBC Bank?
OCBC Bank offers its customers the opportunity to convert Singapore Dollars (SGD) into various cryptocurrencies, including Bitcoin and Ethereum. This is made possible through collaborations with reputable cryptocurrency exchanges in Singapore regulated by the Monetary Authority of Singapore (MAS). If you're considering diving into the world of cryptocurrencies, it is recommended to utilise platforms that not only adhere to MAS guidelines but also have a well-established reputation in Asia for smooth and secure transactions with OCBC Bank.
How to Buy Bitcoin and Crypto with OCBC
If you're an OCBC Bank customer interested in buying crypto assets such as Bitcoin, Ethereum, or various stablecoins, the most reliable way is through a reputable, regulated cryptocurrency exchange like Independent Reserve. You can deposit Singapore Dollars (SGD) into your Independent Reserve account via various payment options, including bank transfers, credit/debit cards, FAST Transfers, and wire transfers.
Here are four simple steps to help you start trading cryptocurrencies:
- Go to the Independent Reserve website and complete the KYC (Know Your Customer) and AML (Anti-Money Laundering) verification process.
- Connect your OCBC Bank account to Independent Reserve to make SGD deposits. You can do this through Bankt transfer, Bank Wire, Debit Card, Credit Card or FAST transfers.
- Once you're on the Independent Reserve platform, look for the 'trade' button, usually located at the top part of the screen, and click on it.
- Finally, input the SGD amount you'd like to invest in cryptocurrency. After this step, you are ready to make your purchase.

OCBC Cryptocurrency Policy
OCBC Bank adopts an open approach to cryptocurrency transactions, enabling customers across Asia and globally to comfortably engage in digital asset trading. The bank does not impose stringent policies that deter clients from buying or transacting in cryptocurrencies like Bitcoin, Ethereum, and others.
Nonetheless, customers are urged to exercise caution when transferring Singapore Dollars to international cryptocurrency exchanges, such as Huobi or Bitfinex. OCBC Bank reserves the right to freeze funds that appear suspicious in nature. To ensure a secure and trustworthy trading experience, customers are advised to work with platforms authorised by the Monetary Authority of Singapore (MAS) and operate within the jurisdiction of Singapore.
This approach ensures that your transactions comply with the regulatory landscape and helps you avoid any unexpected issues that might arise from transacting on less reputable platforms.
Digital Asset Investing Fees
When diving into the digital asset market through your OCBC Bank account, knowing the fee structure is crucial for a well-informed investment strategy. If you're considering using Independent Reserve, here's how their fee structure looks:
- Deposit Fees: Deposits above SGD 1,000 via FAST transfer are free. For deposits under SGD 1,000, a SGD 2.50 processing fee is applied.
- Trading Fees: Fees start at 0.5% and can go as low as 0.02% based on your 30-day trading volume. So, if you buy $100 of Bitcoin, the standard fee would be $0.50.
- Withdrawal Fees: For instant FAST withdrawals up to SGD 200,000, fees start from $1.50. Different fees apply for instant, SWIFT, and crypto withdrawals.
The transparent and competitive fee structure of Independent Reserve makes it an attractive option for those looking to invest in digital assets via their OCBC Bank account.
About OCBC
OCBC Bank, or Oversea-Chinese Banking Corporation Limited, is one of the largest and most well-established financial institutions in Singapore. Founded in 1932, the bank has a rich history and a robust presence not only in Singapore but also in Malaysia, Indonesia, and other key markets worldwide. It offers a comprehensive range of financial services, including personal and corporate banking, investment banking, insurance, and wealth management.
The bank is regulated by the Monetary Authority of Singapore (MAS) and adheres to stringent regulatory and compliance standards. This makes OCBC a trustworthy option for various financial transactions, including foreign exchange, asset management, and, more recently, digital asset investments such as cryptocurrencies.

Final Thoughts
In summary, while OCBC Bank doesn't facilitate direct cryptocurrency investments, it offers a seamless way to transfer Singapore Dollars to regulated cryptocurrency exchanges like Independent Reserve. This provides a trustworthy and efficient avenue for OCBC customers interested in investing in digital assets. Following the recommended steps and being mindful of fees can lead to a smooth crypto investment experience. It's advisable to always opt for exchanges that are regulated by the Monetary Authority of Singapore for secure and compliant transactions.