How to Buy Crypto with DBS Bank

Can I Buy Bitcoin with DBS Bank?

Yes, you can buy Bitcoin and cryptocurrencies like Ethereum, Solana and stablecoins using your DBS Bank account or card. Purchases are made in Singapore Dollars (SGD) through licensed cryptocurrency exchanges in Singapore. Make sure you choose a platform regulated by the Monetary Authority of Singapore (MAS) to stay compliant with local laws.

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How to Buy Crypto with DBS Bank

To buy cryptocurrencies with your DBS Bank account, you must use an exchange holding a Major Payment Institution (MPI) license from MAS. One of the most trusted platforms, used by over 600,000 investors in Singapore, is Coinhako. It offers fast SGD deposits via PayNow and FAST bank transfers, low fees, and access to over 100 crypto assets.

Here’s a simple four-step guide:

1. Register and Verify: Sign up on Coinhako and complete the account verification process.
2. Link Your DBS Bank Account: Connect your DBS account for easy SGD transfers.
3. Select a Cryptocurrency: Choose from over 100 cryptocurrencies available on the platform.
4. Make Your Trade: Enter the amount of SGD you want to invest, then complete your purchase.

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What are the Fees?

When buying Bitcoin or other cryptocurrencies using your DBS account, fees will depend on the exchange you choose. Key costs include deposit and withdrawal fees, the buy-sell spread, and trading fees.

For DBS Bank users, Coinhako is a cost-effective option. Trading fees start at 0.6%, and spreads are kept competitive. Deposits over SGD 1,000 are free when using PayNow or FAST bank transfers, while deposits below SGD 1,000 incur a small fee of SGD 2.50. Withdrawals are charged a flat fee of SGD 1.50.

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DBS Cryptocurrency Policy

DBS Bank supports cryptocurrency transactions, but only through platforms licensed by the Monetary Authority of Singapore (MAS). These exchanges must hold a Major Payment Institution (MPI) license under the Payment Services Act (PSA), ensuring compliance with strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) laws. 

By working with MAS-regulated exchanges, DBS allows customers to trade crypto with confidence. Using an exchange that holds an MPI license guarantees that transactions are protected and in full compliance with Singapore’s financial regulations.

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About DBS Bank

DBS Bank, based in Singapore, is one of Asia's leading financial institutions, known for its forward-thinking approach to digital banking and cryptocurrency. With 12 million customers across 19 markets, DBS dominates in Singapore and stands out as a crypto-friendly bank. 

It operates DBS Digital Exchange (DDEx), which exclusively offers Bitcoin and Ethereum trading for financial institutions, accredited corporate investors, and professional market makers. Individual investors can access DDEx through members like DBS Private Bank.

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Bottom Line

DBS Bank offers a secure way to buy Bitcoin and other cryptocurrencies through MAS-licensed exchanges. Using trusted platforms like Coinhako, DBS customers can invest in digital assets with quick SGD transfers via PayNow and FAST, while enjoying competitive fees. 

With Coinhako’s strict regulatory compliance, users can trade confidently, knowing their transactions are fully protected under Singapore’s financial laws.