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Sunday, 17 December 2017

Tools to Trade Cryptocurrency from Singapore



iPhone wallets

  • Bread Nice and simple, supports BTC only.
  • Jaxx Supports a large list of cryptocurrencies. Supports import from BTC paper wallets, even those that are BIP-38 encrypted.

Buy and sell crypto from/to SGD

Both Coinhako and Coinbase work in Singapore with xfers, which is a payment gateway located in Asia. You can transfer SGD to xfers from a local Singapore bank account (DBS or HSBC for instance). At the time of writing (December 2017), xfers is going through maintenance issues.

FYB-SG allows only purchase of BTC. You can fund FYB-SG with a local bank transfer in SGD. Prices on FYB-SG are often higer than coinhako.

View the balance of wallets

Buy crypto not listed on exchanges

  • Shapeshift: allows you to swap a crypto currency for another.

Store crypto safely

Hardware wallets

  • Trezor: supports BTC, BCH, BTG, DASH, LTC, ZCASH, ETH, ETC
  • Ledger Nano: supports many more (XRP,...)

Paper wallets

  • Bitcoin: https://www.bitaddress.org
    • Supports encryption of paper wallets (password protected with BIP38)
    • Decrypt a private key previously encrypted with a password and display various formats (can be useful when using Electrum for instance) 
  • Ethereum: https://www.myetherwallet.com

Extract crypto from paper wallets

  • iOS: Jaxx (supports BTC, Bitcoin Cash and ETH). This is the easiest way because it allows you to simply scan the private key with your phone and it prompts you for a password if you used BIP38 encryption. 
  • MacOS: Electrum (supports BTC and Bitcoin Cash)

Safely store paper wallets

  • Rent a safety box from your bank (DBS, HSBC for premium customers only)
  • Rent a safety box from Certis Cisco


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