How to buy USDT with SGD on Independent Reserve

Table of contents Create an account Deposit SGD with PayNow/Bank transfer Mobile app Desktop Buy USDT on Independent Reserve Mobile app Desktop Frequently asked questions

Customers in Singapore can securely buy USDT by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges.

This guide walks you through creating an Independent Reserve account, depositing funds, and purchasing Bitcoin.

Create an account

To buy USDT, you can create an account on Independent Reserve with SingPass in minutes.

Follow the instructions using these guides: 

• Personal account
• Corporate account

After creating your account, please note that you must complete the Risk Awareness Quiz before making any deposits.

Deposit SGD with PayNow/Bank transfer

Mobile app

1. Log in to your account.

2. Navigate to the ‘Wallet’ tab.

3. Select SGD, then tap ‘Deposit.’

4. Tap on either ‘PayNow’ or ‘FAST’

1. 1. If you select PayNow, you will see a page with a QR code
   2. If you select FAST, you will see a page with bank details like bank name, account number and payee

5. Make a transfer via PayNow or FAST by following the respective instructions, then tap on ‘I made a transfer’.

6. Tap ‘Close’, then wait for the deposit to clear and be reflected in your SGD wallet.

Desktop

1. Log in to your account.

2 Navigate to the ‘Accounts’ tab.

3. Look for SGD, then click ‘Deposit.’

4. Select ‘PayNow’ or ‘FAST’

1. 1. If you select PayNow, you will see a page with a QR code
   2. If you select FAST, you will see a page with bank details like bank name, account number and payee

5. Make a transfer with either ‘PayNow’ or ‘FAST’, click on ‘I made a deposit.’

6. Click ‘Ok’, then wait for the deposit to clear and be reflected in your SGD wallet.

Buy USDT on Independent Reserve

Mobile app

1. Once your SGD has been deposited, navigate to the ‘Trade’ screen.
   
2. Select ‘USDT’ from the list of available cryptocurrencies.
3. Enter the SGD amount you want to purchase.
4. Click ‘Buy USDT’.
5. Review transaction details and confirm your order.

Desktop

1. Navigate to the ‘Trade’ screen.
2. Select ‘USDT’ from the list of available cryptocurrencies.
3. Enter the SGD amount you want to purchase.
4. Review transaction details and confirm your order.

Frequently asked questions

Are there any fees for buying crypto?

PayNow deposits are free, while FAST deposits under SGD 1,000 incur an SGD 2.50 processing fee. Buying and selling crypto incurs a 0.5% fee.

View the fee schedule for a list of all fees and charges.

Is there a deposit limit?

There may be a limit to the amount of money you can transfer using TT, depending on your personal transfer limits.

For higher deposit limits, our over-the-counter crypto trading desk is available for transactions above $50,000.

Can I withdraw SGD to my bank account?

Yes, you can easily send SGD to your linked bank account.

Can I create a business account with Independent Reserve?

Yes, Independent Reserve offers Bitcoin and crypto solutions. Book a call with our business team to find out more.