Can a business buy cryptocurrency in Singapore?

The short answer is yes. Singaporean businesses can buy, hold, and use cryptocurrencies like Bitcoin and USDT. 

How to buy Bitcoin and crypto as a business

Open a business account with a crypto trading platform

You can register your business with a crypto exchange, such as Independent Reserve. Here’s what you will need to open a business account. 

You can read our guide here for the complete list of documents you’ll need, as well as the detailed instructions on creating a business account with Independent Reserve.

Deposit funds

After your company account is created, you can deposit funds using a range of supported payment methods:

• Bank transfer
• PayNow 
• SWIFT

How to deposit funds on Independent Reserve

Using a web browser:

1. Log in to your account.
2. Click ‘Quick Deposit’.
3. Follow the prompts to deposit using your preferred method.

Using the mobile app:

1. Open the app, and tap ‘Wallet’.
2. Tap ‘Quick Deposit’.
3. Follow the prompts to deposit using your preferred method.

Buy Bitcoin and crypto as a business

Once funded, your business can buy, hold, or sell crypto through the Independent Reserve trading platform.

With integrated cross-chain support, you can deposit and withdraw crypto directly through your external company crypto wallet.

Are there deposit or withdrawal limits for business accounts?

Yes, daily deposit limits apply. See your deposit screen for details. To request a higher limit, contact our support team.

If you are looking to trade more than $50,000, our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service.

Why choose Independent Reserve for your business?

• Established expertise: Founded in 2013, Independent Reserve is one of Singapore’s first cryptocurrency exchanges, trusted by thousands of businesses.
• Enterprise-grade security: Most user assets are stored offline (cold storage) in secure underground vaults. Account security includes features like 2FA and withdrawal address whitelisting.
• Dedicated service: Our expert team offers consultations and assistance in identifying or integrating our services with your operating model to meet your financial objectives. 
• Advanced tools: Execute automated trades with Autotrader, streamline compliance, and securely manage tailored access levels across multiple users.