Table of contentsStep-by-step guide: USDT to SGD on Independent ReserveCreate an Independent Reserve account; Deposit USDT into your Independent Reserve account; Convert your USDT to SGD; Withdraw SGD to your bank account; Frequently asked questions Independent Reserve is a MAS-licensed cryptocurrency exchange in Singapore. You can safely convert your USDT to SGD and withdraw directly […]
Phishing attacks and scams are among the most common ways criminals attempt to steal sensitive information, including login details, personal identification, and financial data. These emails and texts are designed to look legitimate but usually contain subtle warning signs. Understanding how to identify them is an important step in protecting yourself and your digital assets. […]
Despite the US government shutdown, Uptober has lived up to its name so far, with Bitcoin seeing its second-best start to the month ever, climbing to a new all-time high on October 5, and bettering it the following day by reaching A$189,637 (US$125,989). Fabian Dori, Chief Investment Officer at Sygnum Bank, believes the political dysfunction behind the shutdown actually encouraged investors to turn to BTC as a store of value as their faith in traditional institutions faltered. The shutdown also helped avoid one potential landmine, with the Bureau of Labor Statistics unable to release its September jobs report. Meanwhile, Jeff Bezos became the latest high-profile figure to worry publicly about an AI bubble, with one breathless report claiming the bubble was 17x larger than the Dotcom one. Nobody outside of crypto appears to have paid much attention to Bitcoin’s new all-time high, with Google search interest for Bitcoin remaining low. This is arguably a good thing, as retail FOMO to new ATHs is often followed by a crash. Bitcoin finishes the week up 8.6% to trade around A$188,700 (US$124,847). Ethereum is also within sight of a new all-time high, following a surge overnight after Grayscale announced staking for its Ether ETF. It finishes the week up 10.8% to trade around A$7,108 (US$4,702). Dogecoin and BNB also hit double-digit percentage increases. The Crypto Fear and Greed Index is at 71, or Greed.
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your Maybank bank account; Frequently asked questions Maybank customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]
Table of contentsHow to buy Bitcoin and crypto as a business Open a crypto business account Deposit funds Buy Bitcoin and crypto as a business; Are there deposit or withdrawal limits for business accounts?; Why choose Independent Reserve for your business? The short answer is yes. Singaporean businesses can buy, hold, and use cryptocurrencies like […]
The total crypto market cap plunged from A$6.15 trillion (US$4.03T) down to A$5.64T (US$3.7T) this week, before recovering over the past couple of days to A$5.98T (US$3.93T). There didn’t appear to be any one single catalyst, but concerns over interest rates, insider trading among DATS, plus President Trump's latest 100% tariffs on pharmaceuticals and foreign films, as well as geopolitical instability, aren't helping. The US government also looks headed for yet another shutdown, and given Trump presided over a 35-day shutdown back in 2018, the game of chicken could last for some time. US labour market figures come out this week, which could shake things up too. The Ethereum ETFs lost A$1.21 billion (US$795.8M) to outflows, and the Bitcoin ETFs lost A$1.36 billion (US$897.6M). However, Bitcoin finishes the week up 1.5% on seven days ago to trade around A$173,813 (US$114,376), and Ethereum was up 0.9% to trade around A$6,416 (US$4,216). The Crypto Fear and Greed Index is at 50 or neutral. The good news is that Uptober averages a 21.89% return historically.
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your HSBC bank account; Frequently asked questions HSBC customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]
Table of contentsHow to sell Bitcoin and crypto with your IR account; Withdrawing funds to your CIMB bank account; Frequently asked questions CIMB customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through selling […]
Despite a brief sugar rush from the US Federal Reserve cutting interest rates, crypto markets were wiped clean yesterday with the biggest flush of cascading liquidations in a year. A$2.6 billion (US$1.7 billion) of leveraged positions, mostly longs, were wiped out in 24 hours as Bitcoin and Ether corrected. Analysts suggest the Fed's cautious approach to further cuts, US inflation fears and a weak jobs market contributed to a lack of confidence. Others believe history shows the four-year Bitcoin price cycle is due to end in October — but with a wave of new ETFs on the horizon and treasury companies still in acquisition mode, commentator Kaleo asked: "Does anyone truly believe this is a typical four-year cycle?" Economist Timothy Peterson pointed out last week that September 21 is historically Bitcoin's single worst day of the year, after which it tends to finish higher 70% of the time, with a median gain of 50%. History is also promising for Ether, according to CoinGlass, which reports that ETH has historically delivered an average return of 23.85% in the fourth quarter. Bitcoin finishes the week down 2.1% to trade around A$170,684 (US$112,540) while Ethereum is down 6.9% to A$6,360 (US$4,195). Most of the other majors were down in a range between Cardano's and Dogecoin's 4.3% to 9.6% decline. The Crypto Fear and Greed Index is at 45, or Fear.
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Corporate KYC requirements to buy crypto in Singapore
IG Group Holdings plc (“IG”, “the Group”) is pleased to announce the acquisition of Independent Reserve, a leading cryptocurrency exchange based in Australia, for an initial enterprise value of A$178 million. The bolt-on transaction accelerates IG’s entry into cryptocurrency markets in the Asia Pacific region, bringing a talented team of crypto-native specialists to the Group.
Established in Sydney, Australia in 2013, Independent Reserve has built a reputation as the trusted cryptocurrency exchange, offering world-class security features and customer support. Independent Reserve is trusted by over 450,000 global customers, was the first licensed crypto exchange in Singapore, it’s ISO 27001 certified, independently audited on an annual basis, with a 1-to-1 reserve of all customer assets.
