Best Crypto Wallet in Singapore

How to get a crypto wallet in Singapore

1. The first step is to download the Best Wallet app, available both on the App Store and Google Play
2. Complete the security steps to create a new crypto wallet address. 
3. Send, receive, store, and trade millions of cryptocurrencies on 60+ blockchain networks.

Why Best Wallet is the best crypto wallet in Singapore

The best crypto wallet in Singapore should offer robust security, support for multiple networks, and the ability to buy and sell tokens with SGD.

Best Wallet offers the perfect balance between user-friendliness and security, allowing Singaporeans to store cryptocurrencies with ease. The Best Wallet app for iOS and Android is not only free, but it supports an anonymous experience. No know-your-customer (KYC) requirements are in place, making Best Wallet the leading option for privacy. 

Best Wallet can store all cryptocurrencies from 60+ blockchains. This includes Bitcoin, Solana, Polygon, TON, Ethereum, BNB Chain, and Base. Best Wallet users can also access trading tools, including instant token swaps on a cross-chain basis. This is ideal for exchanging cryptocurrencies from different networks, such as Bitcoin and XRP. 

Singaporeans can also buy and sell cryptocurrencies with SGD. Accepted payment methods include Google/Apple Pay, PayPal, Visa, and MasterCard. Best Wallet’s staking feature is supported too, with the wallet aggregating the highest APYs from decentralized pools. Best Wallet users can also support in brand-new cryptocurrencies via the in-app launchpad. 

This is ideal for gaining exposure to the hottest blockchain startups at the lowest valuations. 

Complete security at your fingertips

While Best Wallet is feature-rich, it’s also the best crypto wallet for safety. Security tools include two-factor authentication (2FA), biometrics, and PIN. Not to mention encrypted private keys and a secure backup passphrase. As an anonymous wallet, there’s no risk of data breaches, considering Singaporeans won’t be asked for ID verification. 

Each security tool is summarized below:

• 2FA: A solid safeguard against unauthorized access, 2FA sends a unique code to the user’s registered mobile number. This process happens whenever the Best Wallet app is opened. It’s an optional feature, but we’d suggest activating it for enhanced safety. 
• Biometrics/PIN: Best Wallet users can choose between biometrics (fingerprint ID) and a PIN. Like 2FA, this will be requested when opening the Best Wallet app. Having one of these security features activated is mandatory. 
• Encrypted Private Keys: Best Wallet offers a decentralized wallet experience, meaning only the user holds the private key. It’s encrypted onto the smartphone when downloading the app. Nobody can access the private key but you. 
• Backup Passphrase: Losing your smartphone doesn’t have to be a consequential event when using Best Wallet. You can recover access by entering the backup passphrase from another device. This is a 12-word secret password that should never be shared.  
• No KYC Documents: Unlike centralized wallets, the Best Wallet app doesn’t collect KYC documents, such as passports and bank statements. This ensures that data breach risks are completely alleviated. 

The above measures ensure that Best Wallet is the best Bitcoin wallet in Singapore for security.

Buy, store, swap & stake crypto over 60+ chains

Singaporeans often prefer diversification in the crypto market. By extension, it’s important to choose a wallet that supports each asset, whether that’s Shiba Inu, Bonk, Bitcoin, Ethereum, or Litecoin. 

Best Wallet is the best crypto wallet in Singapore for multi-chain support, with over 60 compatible networks. 

This includes the following:

Network	Send	Receive	Store	Buy	Sell	Swap
Bitcoin	✅	✅	✅	✅	✅	❌
Ethereum	✅	✅	✅	✅	✅	✅
Solana	✅	✅	✅	✅	✅	✅
BNB Chain	✅	✅	✅	✅	✅	✅
Arbitrum	✅	✅	✅	✅	✅	✅
Polygon	✅	✅	✅	✅	✅	✅

Besides sending, receiving, and storing cryptocurrencies, Best Wallet doubles as a decentralized exchange. 

Here’s what Singapore residents can do when using the Best Wallet app:

• Buy Crypto With SGD: Singaporeans can buy cryptocurrencies without ever losing control of their private keys. Best Wallet partners with reputable fiat gateways, with SGD purchases available. This includes instant payment methods like debit/credit cards and PayPal. The purchased tokens are immediately added to the user’s Best Wallet balance.  
• Sell Crypto for SGD: Ready to cash out from the crypto market? Best Wallet offers a fiat off-ramp service, meaning cryptocurrencies can be sold for SGD. Common methods for withdrawing include bank transfer and debit/credit card. 
• Instantly Swap Tokens: Best Wallet is also the best crypto wallet in Singapore for instant token swaps. Millions of digital assets can be traded across chains, such as XRP for Arbitrum or Bitcoin for Tether. Industry-leading prices are assured, with Best Wallet extracting exchange rates from hundreds of liquidity pools.   

Best Wallet users can also stake cryptocurrencies without leaving the app. The in-built staking aggregator connects external validators, allowing users to get the highest interest rates and best terms. Users should, however, review the staking time frame, as tokens will be locked until this passes.  

Fully anonymous wallet with true ownership of your assets

Best Wallet is a great option for Singaporeans who favor privacy. At no stage does the Best Wallet app collect any personal information. Users can download and install Best Wallet without revealing sensitive data, such as their name, nationality, or IP address. 

Anonymity extends to all Best Wallet features, including staking, token swaps, and buying and selling crypto with SGD. Most importantly, Best Wallet users have full custody over their cryptocurrencies. 

The private key is encrypted on the user’s smartphone, so it can’t even be viewed by Best Wallet. This means Singaporeans can send and receive funds without needing approval from third parties. This financial freedom isn’t possible when using a centralized wallet.  

Find new upcoming tokens

Check out the Best Wallet launchpad to catch new cryptocurrencies before they’re launched to the public. Launchpads allow blockchain startups to raise capital, and they’re a great way to target micro-cap projects with significant upside potential.  

A recent example is Pepe Unchained. Those participating in the first stage saw 700% gains after the initial exchange listing. Similarly, Catslap ran a fair launch event on Best Wallet, with early buyers securing returns of up to 9,000%. 

Only quality blockchain projects are approved for the Best Wallet launchpad. A thorough due diligence process is undertaken, scrutinizing the team’s credibility and the token use cases. This makes Best Wallet the best crypto wallet in Singapore for discovering 100x gems.  

Connect to the best decentralized applications (dApps)

Connecting to dApps is simple when using the Best Wallet app. This includes staking protocols like Rocket Pool and Lido. Not to mention top-rated Bitcoin casinos like CoinCasino and Wall Street Memes. 

Best Wallet users can also access dApps via the WalletConnect feature. Simply scan the QR code presented by the dApp and authorize the connection. As the safest crypto wallet, users can disconnect from dApps at any time,  

Ecosystem token & airdrop

BEST is the ecosystem token backing the Best Wallet app. It’s currently being sold to launchpad participants, with millions of dollars raised so far. 

Buying BEST isn’t just speculative – it offers many use cases to Best Wallet users:

• Lower Fees: You’ll get reduced fees when holding BEST, including on swaps, SGD purchases, and the soon-to-launch Best Card.  
• Launchpad Priority: Participating in launchpads early offers the lowest token price. Only BEST holders can access the initial launchpad stage.  
• Higher Staking APYs: Staking rewards are amplified when holding BEST. This is ideal for earning passive income on idle crypto assets.  
• Voting Rights: Best Wallet is a community-driven ecosystem, with BEST holders voting on key proposals. This means BEST is also a governance token. 

Supporting Best Wallet launchpad takes seconds. 

• Just click the “Upcoming Tokens” button followed by “Best Wallet”. 
• Choose which coin to use as payment, from ETH, USDT, or BNB, 
• Then, type the amount and confirm. 
• And that’s it – BEST will be added to the wallet balance when the launchpad event ends. 

BEST Airdrop

Best Wallet is the best crypto wallet in Singapore for airdrop rewards. Users can earn free BEST tokens when helping promote Best Wallet on social media. After connecting an X account, users can share and like posts to accumulate points. 

You’ll also earn points when downloading the Best Wallet app, engaging on Discord, completing quizzes, and voting in polls. Points can be redeemed for BEST tokens after the airdrop finishes, meaning no funds were risked. 

Trusted & loved by our users

As the best wallet for crypto in Singapore, Best Wallet is highly rated in the public domain. Best Wallet boasts excellent ratings on the App Store and Google Play. 

These ratings are based on thousands of independently verified contributors. Existing users praise Best Wallet for its simplicity, security, and multi-chain support. 

Best Wallet constantly monitors reviews, good or bad. This ensures feedback and suggestions are taken on board, helping the Best Wallet app become the industry leader for wallet storage.  

Exciting roadmap

The Best Wallet roadmap is just beginning. Many exciting features and add-ons are being worked on for 2025. 

Check out some of the next features to reach the Best Wallet app:

• Portfolio Management: Best Wallet users will be able to manage their crypto portfolios in one safe place. Receive key insights and discover trends, ensuring your portfolio is rebalanced when needed. 
• Advanced Orders: Dollar-cost average will soon be launched, allowing users to support their favorite cryptocurrencies at regular intervals. Limit and stop-losses will also be launched for enhanced risk management.
• Derivative Trading: Best Wallet will soon be the best crypto wallet in Singapore for derivative trading. Perpetual futures will track the world’s most popular cryptocurrencies, supporting leverage and short selling. 
• Best Card: Another top feature to launch is Best Card. This is a virtual card connected to Google/Apple Pay. Best Wallet users can spend crypto balances online and in-store, with real-time swaps into the merchant’s currency. Cashback of up to 8% will also be available. 
• Browser Extension: The Best Wallet app will soon be expanded to desktop devices. Extensions for popular browsers like Chrome and Firefox will enable users to store cryptocurrencies on a laptop or PC. 

How to get a Bitcoin wallet in Singapore

Learn how to get the best crypto wallet in Singapore. Follow these steps to get started in minutes. 

Step 1: Download the Best Wallet app

First, download the Best Wallet app. 

You can download the app for free from Google Play and the App Store. 

Step 2: Confirm an email address

The next step is to provide an email address.

 Best Wallet will send an email containing a verification code – enter it. 

Step 3: Complete security steps

Now, choose a secure PIN. This protects Best Wallet apps from unauthorized access. Note that biometrics is also supported. You can activate biometrics via the “Settings” page later. 

Now write the 12-word backup passphrase down. This should be on paper rather than online, ensuring it can’t be hacked. Another security feature is 2FA, which can also be found in the “Settings” section. Set it up for increased safety. 

Step 4: Receive crypto

Already have crypto stored elsewhere? You can now transfer it to Best Wallet. 

Click the “Home” button followed by the token you want to deposit. Then click “Receive” to reveal the unique wallet address. 

You’ve got two options when making a deposit:

• Copy the wallet address manually by clicking the copy icon. 
• Scan the wallet address via the unique QR code. 

The tokens should arrive 1-2 minutes after the transfer is confirmed. 

Step 5: Buy crypto

Best Wallet is also the best crypto wallet app in Singapore for buying tokens with SGD. No KYC questions or ID documents are required. 

First, click on “Trade”. Then select “Buy” and choose “SGD” as the fiat currency. Choose which token you want to buy alongside the amount. 

For instance, we’re buying 300 SGD worth of Tether in the above example. Now choose the payment method, such as a debit card, credit card, Skrill, or Neteller. 

Complete the payment on-screen, and the tokens will arrive in minutes. 

What is a crypto wallet?

Crypto wallets allow users to send, receive, and store digital assets like Bitcoin and XRP. 

When creating a new wallet, two unique credentials are provided:

• Public Key: This is the public wallet address. Like a bank account number, it enables users to receive funds. However, public keys accept digital assets rather than SGD. The public key can be shared without worrying about security, as it’s merely a receiving account. 
• Private Key: This is the secure password that provides ownership of the wallet. Similar to an ATM PIN or banking password, it mustn’t be shared. Anyone with the private key can access the wallet funds, so it’s crucial to keep safe. 

Moreover, the best crypto wallets in Singapore offer a backup passphrase. This represents the private key but in a more manageable way. For example, backup passphrases on Best Wallet are 12 randomly generated words. They must be written in the correct order to work. 

The backup passphrase is needed if:

• You forget the PIN.
• You lose the device that the wallet is stored on.

Therefore, keeping backup passphrases somewhere safe and private is a must.

Why do you need a Bitcoin wallet?

You need a Singapore Bitcoin wallet for three key reasons:

• Store Crypto: Wallets are a minimum requirement when storing cryptocurrencies privately. Otherwise, you’d need to keep them on a centralized exchange, meaning you no longer have control of the funds. 
• Send Crypto: Wallets are also required to transfer cryptocurrencies to others. Here, you’d need to provide the beneficiary’s public key. 
• Receive Crypto: Wallets also support incoming transactions. Just give the sender your unique public key. 

Importantly, as the best crypto wallet in Singapore, Best Wallet is a “self-custody” app. You are the only person to have access to the wallet’s private key. Unlike bank accounts, incoming and outgoing transactions don’t require approval. Let alone KYC documents. 

Moreover, you also need a wallet if you want to trade cryptocurrencies anonymously. Otherwise, you need to provide an example with personal information and ID verification. In contrast, Best Wallet users in Singapore buy, sell, and trade tokens privately. 

How to choose a crypto wallet

Learn how to choose the best BTC wallet in Singapore. The sections below discuss the most important requirements. 

Custodianship

Cryptocurrency wallets can be self-custody or custodial. If you’re not happy giving away control, self-custody solutions are the best option. 

This is because:

• You own the crypto funds outright
• No third parties can access the funds
• Transactions don’t require approval
• You can connect to the Web 3.0 ecosystem privately

In contrast, custodial wallets (like centralized exchanges) control your funds. You need permission to trade, deposit, withdraw, etc. The funds are at risk if the exchange is hacked. ByBit, for example, was recently hacked for $1.5 billion. 

Similarly, FTX filed for bankruptcy in 2022, with billions of dollars in client-owned funds going missing. Therefore, keeping cryptocurrencies off-chain in a self-custody wallet is the safest option. 

Safety

Consider safety features when choosing the best crypto wallet in Singapore. For instance, the Best Wallet app requires a PIN or fingerprint ID to gain access. This should be in addition to a standard screen lock password. 

Best Wallet also supports 2FA. This means the wallet can only be opened when entering an SMS code. Most importantly, Best Wallet users benefit from encrypted private keys. These are stored on the user’s smartphone, ensuring they can authorize transactions. 

Supported networks and custom tokens

Some crypto wallets support just one blockchain, while others cover multiple ecosystems. The latter is the best option when managing diversified portfolios. This ensures all your crypto can be kept in one place. 

At Best Wallet, users can store cryptocurrencies on 60+ networks. This includes Bitcoin, Litecoin, XRP, Dogecoin, BNB, Ethereum, Solana, Polygon, and Base. Custom tokens can be added, too, meaning Best Wallet supports millions of digital assets. 

Token swaps and SGD support

Beginners should choose a top crypto wallet that supports SGD payments. This ensures that cryptocurrencies can be bought and sold with popular payment methods. For instance, Visa, MasterCard, Skrill, PayPal, and Google/Apple Pay. 

As the best Singapore crypto wallet, SGD can be used without KYC requirements. Users can also swap tokens instantly without needing to use a centralized exchange. Cross-chain trades are also supported, such as swapping Shiba Inu for dogwifhat or Solana for Bitcoin. 

User-friendliness

One of the biggest pain points for beginners is that cryptocurrencies can be complicated to understand. This is especially the case when using a crypto wallet for the first time. That’s why Best Wallet was created for beginners. 

As confirmed by our users, the Best Wallet app is seamless to navigate. Whether you’re looking to send, receive, or trade cryptocurrencies, no prior experience is needed. And, if you ever need assistance, the customer support team is always available to help.  

How to keep your crypto wallet safe

These practical tips will ensure your crypto wallet stays safe from unauthorized access:

• Official Download Links: Downloading an unofficial wallet means the funds will likely be stolen once it’s funded. Always double-check that you’re using the official link. You can safely download Best Wallet from Google Play and the App Store. 
• Enable 2FA: Like most crypto wallets, the 2FA feature on Best Wallet is optional. We strongly suggest switching it on. You’ll receive an SMS code whenever you wish to access the app. Without it, wallet access isn’t granted. 
• Always Write Down the Backup Passphrase: You should write down the backup passphrase straight away. This is shown when setting up the Best Wallet app. Never store it digitally or on the cloud – these methods are prone to hacking risks. 
• Consider Using a Separate Device: While not practical for everyone, using a smartphone exclusively for wallet storage is the safest option. Not only can you keep it offline at all times (unless you’re transacting), but you can also avoid phishing attempts and viruses. 
• Use the QR Scanner When Transferring Funds: Another safeguard is to use Best Wallet’s QR scanner when sending cryptocurrencies to another address. This ensures the address is 100% correct, which isn’t always the case when manually copying and pasting it. 
• Use VPNs: Using a VPN when downloading the Best Wallet app offers an extra layer of privacy. Keeping the VPN on when in public is also smart. This protects your wallet from man-in-the-middle attacks. 

These security features ensure a safe and secure experience when storing cryptocurrencies. As the best free crypto wallet in Singapore, users benefit from 2FA, biometrics, and encrypted private keys. 

Not only can Best Wallet users store millions of tokens from 60+ networks, but they can also buy, sell, and trade with SGD. Staking and launchpad events are also supported, plus compatibility with the leading Web 3.0 dApps. 

References

1. Self-Custodial vs Non-Custodial Wallets (Fireblocks)
2. Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen (Bloomberg)
3. ‘Old-Fashioned Embezzlement’: Where Did All of FTX’s Money go? (The Guardian)
4. What is a man-in-the-middle (MITM) attack? (IBM)

Frequently asked questions