Buying Cryptocurrency with DBS Bank (2022)

Can I buy Crypto on DBS Digital Exchange?

The DBS Digital Exchange was launched by DBS Bank to provide a variety of trading services for digital assets. This service is strictly for institutional clients of DBS Bank who are looking to OTC trade cryptocurrencies, so it is not like a normal cryptocurrency exchange (e.g Coinbase).

This means that DBS customers must sign up to an alternative cryptocurrency exchange that is licensed by MAS in Singapore.

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How to buy Crypto through DBS iBanking

If you are a retail or institutional customer of DBS Bank and you are looking to deposit SGD into a trusted cryptocurrency exchange, we would recommend Coinhako. 

Their platform offers over 30 cryptocurrencies to trade against SGD, and they are a licensed platform under the Monetary Authority of Singapore (MAS).

You can follow the guide below to get started:

1. Sign up to Coinhako
2. Verify your personal or company identity
3. Deposit SGD via bank transfer (you will be given a unique deposit code)
4. Find the Crypto you want to buy and execute your trade

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Is DBS Bank Crypto friendly?

DBS Bank does not have any internal banking policies that prohibit their customers from buying or selling cryptocurrencies from alternative exchanges.

In fact, DBS Bank is one of the most progressive banks in the world when it comes to Digital Assets. They were one of the first major global banks to launch native cryptocurrency services for their customers.