Best Crypto Cards in Singapore (2026)

MAS (Monetary Authority of Singapore) regulates crypto under the Payment Services Act (PSA) 2019. Crypto exchanges and card-adjacent services must hold a Major Payment Institution (MPI) or Standard Payment Institution (SPI) license.

Singapore's approach is strict but transparent. MAS has clear guidelines, a published licensing framework, and has revoked licenses from non-compliant providers (most notably withdrawing in-principle approval from several exchanges in 2023-2024). The Stablecoin Regulatory Framework (2023) further clarified rules for stablecoin-based spending.

Bybit, OKX, Bitget, and Crypto.com all have significant Singapore operations. Wirex holds a MPI license. MAS does not regulate crypto as securities unless they qualify as capital markets products.

Use only MAS-licensed or exempted providers. The MAS Financial Institutions Directory (eservices.mas.gov.sg) lists all approved entities.

Singapore does not tax capital gains. Spending crypto through a card is not a taxable event for individuals holding crypto as a personal investment. This is the single biggest advantage for crypto card users globally.

Example: You bought 0.1 BTC at SGD 5,000 and spend it when it is worth SGD 50,000. The SGD 45,000 gain is completely tax-free. In the UK, this would cost GBP 9,000 in CGT. In France, EUR 13,500 in PFU. In Singapore: SGD 0.

Exception: If IRAS (Inland Revenue Authority of Singapore) classifies your crypto activity as trading income (frequent, high-volume, profit-seeking behavior), gains may be taxed as income at your marginal rate (up to 22%). Casual card spending is not classified as trading.

No stablecoin strategy needed. Spend whatever maximizes your rewards. GST does not apply to crypto-to-fiat conversion.

Singapore crypto card applications require your NRIC (National Registration Identity Card) for citizens and PRs, or passport plus Employment Pass, S Pass, or Work Permit for foreign residents. Proof of Singapore address (utility bill, bank statement, or IRAS notice) is required.

Singpass/Myinfo integration may be supported by some issuers for near-instant verification. Most APAC-focused issuers have streamlined Singapore onboarding given the country's importance as a crypto hub.

Physical cards ship to Singapore addresses within 3-7 business days. Virtual cards are available immediately for Apple Pay and Google Pay use.

Spend Appreciated Crypto Freely

Singapore's zero CGT eliminates the stablecoin-only strategy needed in most countries. Spend your highest-appreciation assets through your card to lock in gains tax-free. If your BTC is up 500%, spend it, collect 8% cashback, and keep everything. No tracking per-transaction gains, no tax forms, no stablecoin conversions.

Card Selection by Use Case

• Bitget (8% cashback, free): Best all-around card with zero FX fee and zero annual fee
• Bybit (up to 10% VIP): Best for high-volume Bybit traders who qualify for VIP tiers
• Crypto.com (up to 5%): Best for metal card tiers with lounge access at Changi and international airports
• KAST (2% cashback, free): Best no-fee starter for crypto newcomers

Spending Scenario: SGD 3,000/month

Both approaches yield the same result because there is no tax either way. Spend whatever is most convenient. The SGD 3,780/year in combined cashback and FX savings is pure profit.

FX Savings on Travel

Singapore's position as APAC's travel hub makes 0% FX fee cards particularly valuable. Every trip to Malaysia (MYR), Thailand (THB), Japan (JPY), or Europe (EUR) saves 2.5-3.5% per transaction compared to DBS or OCBC debit cards.

Local Payment Infrastructure

Contactless payments are universal in Singapore, from hawker centres (many now accept contactless) to Orchard Road shops to MRT stations. NETS and PayNow are bank-only, but Visa/Mastercard contactless covers virtually all merchants. GrabPay dominates delivery and ride-hailing but crypto cards handle in-person spending seamlessly. Apple Pay adoption is high.

Major APAC exchange cards: Bybit (up to 10% VIP, significant Singapore operations), OKX (5%), Bitget (8%), and Crypto.com (up to 5%) all serve Singaporean users with MAS-compliant operations.

Additional options: Wirex (up to 8% at elite tier, MPI-licensed), KAST, xPlace, and RedotPay provide globally available alternatives. Tria offers self-custody spending with up to 6% cashback.

Who left: Binance discontinued its Singapore card product following MAS regulatory pressure in 2021-2022. Binance ceased operations for Singapore users.

Local exchanges: Coinhako, Independent Reserve, and Sygnum operate under MAS but do not currently offer card products. For card access, the APAC-focused international issuers are the primary options. Singapore's crypto-friendly environment means new card products often launch here first in the region.