A Step-by-Step-Guide on how to buy Bitcoin in Singapore
Sign up to Coinmama
Use the following link and join at Coinmama.
Use an email address, choose a username, and select a secure, strong password.
The infrastructure and website of Coinmama is secure and fast, so you're personal info is kept safe.
Verify your identity
In order to buy (BTC) Bitcoin with EUR or USD, you’ll need to provide your phone number, name, country and date of birth alongside with extra support documents verifying your identity.
Those supporting documents are a valid ID, like Passport, Drivers license or National identity card (front + back) and sometimes also Proof of Residence Document like Residence certificate or Tax document.
The reason for this strict verification is to prevent identity fraud or theft.
Go ahead purchasing Bitcoin by depositing USD or EUR
Backing your account with fiat currencies, like USD or EUR for swaping can be done different ways, including SWIFT, SEPA and domestic wire transfers or creditcard.
The option you choose will be based on your preference and location.
As soon as your fiat currency strikes your account, that amount will be converted to BTC.
With your account you will also have access to support, charting tools and leveraged trading.
For recieving BTC you'll also need to have a wallet.
Congrats! You have successfully purchased and safed Bitcoin in Singapore.