Buy Ethereum (ETH) in Singapore
How to buy Ethereum in Singapore
1. CREATE ACCOUNT
It’s FREE to join!Enjoy fuss-free verification of your personal details via Myinfo with Singpass when you sign up.
2. DEPOSIT FUNDS
FASTDeposit funds in minutes with FAST transfer.
3. BUY ETHEREUM
Low trading feesEnter the dollar amount you want to trade for Ethereum and click “Buy”.
What is Ethereum?
Ethereum is a decentralised, open-source, global software platform powered by blockchain technology. It is made to be scalable, secure, and sustainable. Often referred to as a “world computer”, Ethereum is essentially “programmable money”.
The Ethereum blockchain’s native currency Ether (ETH), is used as a utility token to pay gas fees when processing transactions on the network. ETH has a store of value and is used as a form of payment. Ethereum (ETH) is the second-largest cryptocurrency by market capitalisation and is the most widely used blockchain in the world.
Ethereum supports innovation. The most revolutionary feature of Ethereum is its support for smart contract. Ethereum’s founders’ wanted to develop a platform where anyone can create and host their own decentralised applications (dApps). Developers can build and host dApps on Ethereum and execute smart contracts to run them. These digital contracts control value and represent the transfer of ownership of assets over the blockchain, like cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are a powerful tool that gives Ethereum a real-world use case. To invest in Ethereum you can buy ETH in Singapore from Independent Reserve.
Ethereum’s vision is to create a digital future for the world. Its cause is honourable. Its mission: “Grow Ethereum until it's powerful enough to help all of humanity.”
How can I buy Ethereum on Independent Reserve?
You can buy Ethereum with Singapore dollars (SGD) on Independent Reserve. Instantly deposit money into your account using FAST and buy ETH.
Enjoy free deposits on amounts over S$1,000.
Buy Ethereum on the go
Buy and sell Ethereum and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.
Frequently asked questions
You can buy Ethereum in Singapore on Independent Reserve. It only takes five minutes to create your account. Buy ETH with Singapore dollars, starting with as little as S$10.
Purchase Ethereum in Singapore instantly using FAST transfer
You can buy Ethereum in Singapore with Independent Reserve starting with as little as S$10. After you deposit funds onto the exchange you are ready to start trading. It only takes five minutes to create your account and buy ETH.
Instantly deposit fiat money from your Singapore bank account by selecting FAST transfer as your payment method. Enter the dollar amount you want to trade SGD for ETH and click “Buy Ethereum”. Receive free deposits on amounts of S$1,000 and above. Please note that we do not accept credit or debit card payment services.
Download our App to buy ETH using your mobile phone. Enjoy our low trading fees and robust security features when you buy cryptocurrency with Independent Reserve. If you need more help visit our support page.
After buying Ethereum from Independent Reserve, you can leave it on the exchange to be stored safely and securely. If you prefer to store ETH yourself, you can simply transfer it to your own wallet.
Yes. After you buy Ethereum on Independent Reserve in Singapore, we keep it safe for you.
At Independent Reserve we take security very seriously and have the highest level measures in place to protect our customers' cryptocurrency. Our world-class security features include two-factor authentication (2FA), ISO 27001 certification, and top-tier underground vaults. Learn more about security measures.
The Ethereum blockchain has three levels of operation: The hardware layer, the software layer, and the application layer. The hardware layer of Ethereum runs over a global network of computers, called “nodes”. Nodes perform the computational work required for processing transactions on the blockchain and keeping the ledger up-to-date. They are responsible for maintaining a synchronised record of information stored across Ethereum’s shared database.
The software layer supports smart contracts written in Solidity, Ethereum’s custom programming language. Solidity is Turing complete which means it can run any computation that can be theoretically done by a computer. Ethereum’s hardware and software layers combined creates a decentralised supercomputer called the Ethereum Virtual Machine (EVM). Developers can write and deploy smart contracts and launch their own decentralised applications (dApps) on top of Ethereum using the EVM, without needing to create their own blockchain.
The Ethereum application layer hosts dApps that run over a peer-to-peer (P2P) blockchain network. They do not require a third-party entity to operate and are outside the control of a centralised authority. Ethereum provides a decentralised system that allows for a more open and trusted infrastructure. It is highly resistant to censorship and cannot be shut down.
To learn more read our blog post on how Ethereum works.
Smart contracts are simply digital contracts that automate the execution of agreements without third-party intermediaries. They are basically small programs that live on the blockchain and contain self-executing code that enforces the terms written in an agreement. Smart contracts run exactly as programmed and perform a set of actions when fixed conditions are met.
Smart contracts improve the way we do business. They make our daily lives easier, saving us time and money by cutting out the middleman. Smart contracts are a revolutionary tool that enable us to operate in a “smarter” way and remove the need for a third-party to process and validate information.
Data recorded and stored on the blockchain’s public ledger is immutable, meaning it cannot be altered. It is a system that is inherently democratic in nature and instills faith in a more honest way of doing things. All transactions are open and can be viewed by anyone, therefore the possibility for corruption is eradicated. For example, smart contracts could be used ensure that the results of an election are accurate, by removing any possibility of voting-fraud.
DApps are decentralised blockchain-based “apps”. They exist and run on a peer-to-peer (P2P) network of computers (called “nodes”). DApps operate without human intervention and do not rely on a centralised system as traditional applications do. Ethereum supplies a secure blockchain for storing data with native smart contract capabilities that permit dApps to function autonomously. This is why Ethereum is the number one platform for many developers and establishments embracing blockchain technology.
The Ethereum ecosystem hosts the greatest number of decentralised applications in the world today. The platform has launched thousands of dApps across many different sectors spanning decentralised finance (DeFi), currency exchanges, real estate, gaming, identity, and health. OpenSea (NFT marketplace) and Uniswap (decentralised exchange (DEX)), for example, are two popular Ethereum-based dApps.
Ether is the native coin of the Ethereum blockchain. Ether is used as a transactional token to pay for operations on the Ethereum network. Both “Ether” and “Ethereum” are often used correspondently to refer to the cryptocurrency, that has the ticker symbol ETH.
ETH fuels the entire Ethereum network and facilitates all operations within its ecosystem. Whenever a user sends a payment or interacts with a smart contract on the network, they must pay a "gas fees".
Gas is the necessary fuel that powers the Ethereum network. A gas fee is a transaction fee paid to miners (“validators”), who process transactions. When a user sends a payment or executes a smart contract on the Ethereum blockchain, they are required to pay gas. Gas is paid to compensate miners for the energy it takes to validate a transaction. Gas fees exist to help keep Ethereum running and incentivise miners to perform the work required to maintain the security of the network.
Gas is a unit that measures the amount of computational effort required to implement certain operations on the network. Gas fees are denoted in Gwei, which is a smaller denomination of Ether (ETH); like cents to the dollar. The amount of gas paid is set by the user. "Gas limit" refers to the maximum amount a user is willing to spend on a transaction. The more work a transaction takes to perform, the more gas it will need. Miners, or “nodes” prioritise transaction requests depending on the set gas price, i.e. the higher the gas fee, the faster a transaction will be processed.
ERC stands for "Ethereum request for comment". ERC-20 is a technical standard utilised by the Ethereum network to write smart contracts and deploy tokens. It outlines a set of rules for all Ethereum-based tokens to follow. ERC-20 tokens are the most commonly used tokens on Ethereum. It was created to allow for the interoperability of products on the Ethereum network and was implemented in 2015. Using ERC-20 tokens, developers can build blockchain products on Ethereum without needing to create their own cryptocurrency.
ERC-20 tokens are used for utility and governance tokens for decentralised applications (dApps). For example, the decentralised exchange (DEX) Uniswap used an ERC-20 token (UNI token).
Serenity is an important upgrade to the Ethereum blockchain
Serenity, also called “Eth2”, is a protocol upgrade to the Ethereum blockchain. This major upgrade will improve Ethereum’s scalability, security and sustainability.
The Beacon Chain introduces staking and rewards validators with ETH for creating new blocks and maintaining network security.
The Merge combines the Beacon Chain with Ethereum’s mainnet, as the network transitions from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. PoS blockchains are more energy efficient as they require less power to operate.
Sharding will be introduced in the final stage of Ethereum’s upgrade and will build scalability, reduce latency, and allow the Ethereum network to handle a larger transaction volume.
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