Summary: The easiest way to buy Crypto with a DBS Online account in Singapore is with a licensed digital asset trading platform.
We recommend Coinhako because they are Singapore's largest exchange that are regulated by the Monetary Authority of Singapore (MAS).
- Fast and Cheap SGD deposits from DBS Online Banking.
- 50+ Cryptocurrencies with Low Fees at 0.1% per trade.
- OTC and Institutional Desk for high-net worth investors.
Table of Contents
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.
How to buy Crypto with DBS Bank online
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:
- Sign up to Coinhako
- Verify your personal or company identity
- Deposit SGD via bank transfer (you will be given a unique deposit code)
- Find the Crypto you want to buy and execute your trade
DBS Bank Cryptocurrency Policy
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.
About DBS Bank
DBS Bank is a leading bank in Singapore that offers a wide range of products and services for both individuals and businesses. Founded in 1968, DBS has grown to become one of the largest banks in Singapore with over S$300 billion in assets.
DBS provides a comprehensive range of banking products and services including deposits, loans, credit cards, foreign exchange, investments, insurance and more. DBS also offers online banking and mobile banking services that allow customers to bank anywhere, anytime.
DBS iBanking is a convenient and easy way to manage your finances online. With DBS iBanking, you can view your account balance, transfer funds, pay bills and more.
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