Buy Bitcoin in Singapore
Buy Bitcoin (BTC) online in minutes from Singapore’s most trusted cryptocurrency exchange. Take advantage of our low fees and fast deposits today.The best place to buy Bitcoin
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How to buy Bitcoin in minutes
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What is Bitcoin?
Bitcoin is the world’s first decentralised digital currency with no central bank, authority or administrator that controls or approves transactions. Bitcoin is securely stored and exchanged through a digital ledger that is otherwise known as a Blockchain.
The genesis of Bitcoin dates back to October 31, 2008, when an individual or group of individuals acting under the pseudonym “Satoshi Nakamoto” published the Bitcoin whitepaper. Bitcoins are divisible into smaller units called ‘Satoshis’, similar to the way a dollar is divisible into cents. However, each Satoshi is worth 0.00000001 Bitcoin.
Bitcoin has been around since 2009, just four years before we founded Independent Reserve. Why has it become so popular in the last few years? Here are some of the reasons why our customers like Bitcoin:
- It is a fast and cheap way to move funds around the world.
- As an investment it has grown in value over a long period of time
- It’s price can move quickly so there are lots of opportunities to trade
- Some people think Bitcoin could eventually be a truly global currency
- It can be a more stable asset when the economy is uncertain
Bitcoin is a digital currency but there are many different digital currencies, why is it so different to other digital currencies?
- It can be a ‘store of value’ similar to gold because enough people agree on its value
- It can be a ‘unit of account’ like cash because you can use it to price an object like a coffee.
- It was not created by a government or company. It was created by an unidentified person known as Satoshi Nakamoto
- Bitcoin can be transferred direct from person to person without the need for a bank
- It relies on blockchain technology to track the balance of accounts globally
- There is a limit of 21 million Bitcoins. It becomes more scarce over time.
Singapore’s best
Nick AddisonConsenSysAs someone who has integrated to over 20 crypto exchanges via their APIs, I can say Independent Reserve has the best API documentation by far.
Their customer support is also excellent which is something most exchanges sadly lack these days.
Lucas CullenBlockchain developerI organise and host blockchain meetups and conferences and am always hearing very positive things when it comes to Independent Reserve which is why I always recommend them.
They are by far the most trusted exchange in Australia for consumer trading as well as institutional investment, and offer a great 'open order book' unlike most other Australia exchanges.
Claire Wivell PlaterManaging Director, The Fold Legal Pty LtdI find Independent Reserve to be one of the easiest, smoothest cryptocurrency exchanges that I use.
The client onboarding process was simple, it is easy to deposit funds and I particularly like the transparency of market depth and speed of execution.
