Buy bitcoin with PayNow in Singapore
- Status
- Legal
- Currency
- Singapore dollar (SGD)
- Takes PayNow
- 1 exchange
- Last reviewed
- 2026-08-12
One of the exchanges we recommend in Singapore takes PayNow for funding bitcoin purchases. It is one of several rails in use here; the full picture is in the Singapore guide.
What is PayNow?
PayNow is Singapore's addressed instant transfer service, run by the Association of Banks in Singapore and settled over FAST, the country's interbank fast payment rail. It lets customers of participating banks and payment institutions send Singapore dollars using a mobile number, NRIC or FIN, a Virtual Payment Address, or a business UEN instead of an account number. Singapore exchanges use it for Singapore dollar deposits.
- Speed
- Receipt is almost immediate, and FAST is available anytime, 24x7, 365 days a year.
- Cost
- ABS states that PayNow is provided free to retail customers, while charges on other FAST transfers are a commercial decision left to each bank or payment institution.
- Limits
- FAST allows up to S$200,000 per transaction, subject to whatever daily, monthly or annual limits your own bank or payment institution imposes.
Exchanges that take PayNow in Singapore
Ranked as in our Singapore guide. Every payment method shown is verified for this exact exchange and country pairing.
- 3Coinmama3.9
A card-first broker that sends bitcoin straight to your own wallet instead of holding it for you.
- Fees
- A commission that varies by payment method and loyalty tier, plus a processing surcharge on card, Apple Pay, and Google Pay purchases, on top of a quoted price that includes a markup over spot. Bank transfers avoid the card surcharge.
- KYC
- Required
- Pay with
- FAST bank transfer, PayNow, Debit card, International wire
See the full how-to-buy guide for SingaporeEverything about buying bitcoin with PayNow
Watch: how to choose an exchange
We have not filmed a walkthrough for Singapore yet, so this is our general one, from our YouTube channel @dontgetrekt. It also sits on the home page, next to the country search it starts from.
Do you need a VPN?
A VPN hides which sites you visit from the network you are on and from your internet provider, which is worth having when you move money over a connection you do not control. It does not get you past an exchange's identity checks: every platform we list verifies who you are no matter where you connect from.
If you want one, the strongest records on our list belong to NordVPN (6 independent no-logs audits, the most of any service we review), Windscribe (its no-logs claim tested in the real world 3 times) and Proton VPN (the most audited service with a free tier).
Other ways to pay in Singapore
Frequently asked questions
Which exchanges accept PayNow in Singapore?
Of the 3 exchanges we recommend in Singapore, Coinmama accepts PayNow for funding purchases.
Is buying bitcoin with PayNow legal in Singapore?
Bitcoin is legal in Singapore and closely supervised by the Monetary Authority of Singapore. Exchanges serving Singapore customers need licensing under the Payment Services Act, and from June 30, 2025 the Financial Services and Markets Act added a strict regime for digital token service providers, with MAS stating it would generally not license firms serving only overseas customers. Retail-facing rules ban credit card funding and trading incentives and require customer risk assessments, reflecting MAS's view of crypto as high-risk.
How long does a PayNow deposit take?
Receipt is almost immediate, and FAST is available anytime, 24x7, 365 days a year. That is the rail itself; an exchange may hold a first deposit for longer while it verifies your account.
What does it cost to buy bitcoin with PayNow?
ABS states that PayNow is provided free to retail customers, while charges on other FAST transfers are a commercial decision left to each bank or payment institution. Any fee the exchange adds on top is separate, and is shown per exchange above.