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Can I buy Bitcoin with DBS Bank? (2021)

Summary: The best exchange to buy Bitcoin and cryptocurrencies with SGD through DBS Bank is through Independent Reserve. They are a MAS Regulated cryptocurrency exchange that supports Singapore residents.

Tanya Chen

Senior Writer at Buy Bitcoin Finder

Can I buy Crypto with DBS Bank?

If you are a resident of Singapore looking to invest or trade Bitcoin and other cryptocurrencies through a DBS Bank or DBS Vickers account, you are out of luck.

DBS Bank, which is Singapore's largest financial institution, still does not natively support trading Bitcoin and other digital assets.

However - residents of Singapore can easily buy and trade Bitcoin with a trusted and regulated digital currency exchange in the country.

We recommend Independent Reserve, who are one of the largest exchanges in South-East Asia and are regulated under the Monetary Authority of Singapore (MAS). You can deposit Singapore Dollars (SGD) via an Xfers transfer through DBS ibanking.

How to Buy Crypto with DBS on Independent Reserve

Buying cryptocurrencies on Independent Reserve in Singapore is easy.

All you need to do is sign up, verify your account and personal details and then deposit Singapore Dollars (SGD) through an Xfers transfer. You can deposit SGD into Xfers through a DBS Bank account.

Once you have deposited the SGD, simply visit the "Buy" screen and select the cryptocurrency of your choice to purchase.

Australian Cryptocurrency Exchange CoinSpot

South-East Asia's Largest Exchange

Founded in 2013, Independent Reserve is one of the most well established cryptocurrency exchanges across South-East Asia. Their platform enables retail users and businesses/institutions to securely trade Bitcoin and 20 other cryptocurrencies with SGD.

They also offer a world-class OTC desk for large Bitcoin or cryptocurrency transactions of over SGD100,00 to $10 million+.

Fiat Currencies
SGD, USD, AUD, NZD
Cryptocurrencies
Bitcoin, Ethereum, Polkadot, Chainlink, AAVE, Uniswap, Cardano, USDT, USDC and more.
Trading Fees
0.02% - 0.5% depending on volume
Deposit Methods
Xfers via DBS Bank Account or SWIFT
Visit Independent Reseve