Bitcoin Cash (BCH) remains one of the most widely recognized cryptocurrencies, offering fast, low-cost transactions and strong network support. For residents in Singapore looking to enter the world of digital assets, purchasing Bitcoin Cash has never been easier. With user-friendly platforms, seamless fiat on-ramps, and secure infrastructure, you can own BCH in just a few minutes.
In this guide, we’ll walk you through a clear, step-by-step process to buy Bitcoin Cash (BCH) in Singapore—safely and efficiently—while highlighting key considerations like security, transaction speed, and compliance with local regulations.
Step 1: Download a Trusted Crypto App
To begin your journey into cryptocurrency ownership, start by downloading a reliable and regulated platform. Look for exchanges that support SGD (Singapore Dollar) deposits, offer strong security protocols, and are compliant with MAS (Monetary Authority of Singapore) guidelines.
👉 Discover how easy it is to start buying BCH today.
Once you've selected your platform, download the mobile app or access it via web browser. Registration typically requires only an email address or phone number. After signing up, enable two-factor authentication (2FA) to enhance account protection.
Next, verify your identity using Singpass—a fast and secure method accepted by leading platforms in Singapore. This step ensures compliance with anti-money laundering (AML) regulations and unlocks higher trading limits and withdrawal capabilities.
Step 2: Deposit SGD Using Your Preferred Payment Method
After completing verification, fund your account with Singapore Dollars. Most top-tier exchanges support multiple deposit options:
- Bank Transfer (FAST) – Instant or near-instant transfers from major banks like DBS, OCBC, and UOB.
- Debit Card Payments – Quick deposits with immediate availability for trading.
- Credit Cards – Available on some platforms, though often subject to higher fees.
Choose the option that best suits your needs. FAST transfers usually complete within seconds and carry minimal to no fees. Once your SGD balance is reflected in your account, you're ready for the next step.
Step 3: Buy Bitcoin Cash (BCH) Instantly
Now that your account is funded, navigate to the “Buy & Sell” section of the platform. Here’s how to complete your first BCH purchase:
- Select Bitcoin Cash (BCH) from the dropdown menu.
- Enter the amount of BCH you want to buy—or input the SGD value you'd like to spend.
- Choose your preferred payment method (e.g., bank transfer or card).
- Click Preview to review exchange rate, fees, and total cost.
- Confirm the transaction by tapping Buy.
If prompted, confirm the payment through your bank’s mobile app (especially for FAST transfers). Within moments, your BCH will appear in your exchange wallet.
🔐 Always double-check the cryptocurrency symbol (BCH) before confirming any trade. Avoid confusion with similar-sounding tokens.
Once purchased, you can hold BCH on the exchange, transfer it to a private wallet for long-term storage, or use it for payments and peer-to-peer transfers.
Why Bitcoin Cash (BCH) Is Worth Considering
Bitcoin Cash emerged as a scalable alternative to Bitcoin, designed for everyday transactions. Key advantages include:
- Low Transaction Fees: Often less than $0.01 per transfer.
- Fast Confirmation Times: Blocks mined every 10 minutes with optional acceleration.
- Widespread Acceptance: Supported by numerous merchants and crypto payment gateways.
- Strong Network Security: Backed by proof-of-work mining and global node distribution.
These features make BCH an attractive option for both investors and users seeking practical utility in digital cash.
Alternative Option: Use a Web3 Wallet to Trade BCH on DEXs
For more advanced users interested in decentralized finance (DeFi), purchasing BCH via decentralized exchanges (DEXs) is another viable route.
Install a Web3 Wallet
Start by installing a secure Web3 wallet extension or mobile app. Follow the setup instructions to create or import an existing wallet.
⚠️ Never share your seed phrase or private keys with anyone. Store them securely offline.
Fund your wallet with a supported cryptocurrency like USDC, ETH, or SOL—these can be transferred directly from your exchange account.
Search and Swap for BCH
Use the wallet’s built-in DEX aggregator to search for Bitcoin Cash by name or contract address. Always verify network compatibility (e.g., Ethereum, Binance Smart Chain) to avoid errors.
Select your input token and desired amount. Adjust slippage tolerance if needed—typically 0.5% to 1% is safe under normal market conditions.
Review fees and estimated output, then confirm the swap. The transaction will be processed on-chain and visible via blockchain explorers like Etherscan or BscScan.
👉 Start exploring decentralized trading with confidence.
While DEX trading offers greater autonomy, it requires technical awareness and carries risks such as smart contract vulnerabilities and price slippage.
Frequently Asked Questions (FAQs)
Q: Is it legal to buy Bitcoin Cash in Singapore?
A: Yes. The Monetary Authority of Singapore allows individuals to buy, sell, and hold cryptocurrencies like Bitcoin Cash, provided they use MAS-licensed platforms.
Q: How long does it take to receive BCH after purchase?
A: On centralized exchanges, BCH appears instantly after purchase. Withdrawals to external wallets may take 10–30 minutes depending on network congestion.
Q: Are there taxes on buying or selling BCH in Singapore?
A: While buying crypto isn’t taxed, capital gains from frequent trading may be subject to income tax. GST does not apply to digital payment tokens.
Q: Can I withdraw BCH to my bank account?
A: Not directly. You must first sell BCH for SGD on a licensed exchange, then withdraw the fiat amount to your bank—typically within 1–3 business days.
Q: What security measures should I take when buying BCH?
A: Use strong passwords, enable 2FA, avoid public Wi-Fi for transactions, and consider moving large holdings to cold storage wallets.
Q: Can I buy fractional amounts of BCH?
A: Absolutely. Most platforms allow purchases as small as $1 worth of BCH—ideal for beginners testing the market.
Final Tips for Safe and Smart BCH Purchases
- Stick to regulated platforms that support Singpass verification.
- Monitor market prices using real-time charts before placing orders.
- Avoid unverified third-party sellers or peer-to-peer deals without escrow protection.
- Keep software updated and beware of phishing scams mimicking official apps.
Whether you're investing for growth or using BCH for cross-border payments, starting small and learning gradually is the smartest approach.
👉 Secure your first Bitcoin Cash today with a trusted global platform.
By following these steps and staying informed, buying Bitcoin Cash in Singapore becomes a simple, secure, and rewarding experience. Stay safe, stay curious, and embrace the future of digital finance.