5 Legal Ways to Spend Cryptocurrency in Singapore in 2025

Cryptocurrency is not an official means of payment in Singapore, but the regulator (MAS) allows its use as an alternative payment method through licensed services. Below are five of the top ways to safely pay with cryptocurrency in Singapore — all fully compliant with local regulations.

Why Are We Talking About Singapore?

In short, knowledge = freedom, legality, and savings.

In detail, Singapore is one of the most strictly regulated crypto markets in the world. You can't just “give someone bitcoin in exchange for goods.” All providers that accept crypto are required to be licensed under MAS’s Payment Services Act (PS Act).

Using “gray” exchanges or P2P platforms can lead to account blocking or even violations of anti-terrorism financing and anti–money laundering laws.

What Is MAS in Singapore?

In Singapore, cryptocurrency is regulated by the Payment Services Act (PS Act), which came into effect in 2020 and is administered by the country’s central bank — the Monetary Authority of Singapore (MAS). This law requires all crypto services — including exchanges, wallets, payment gateways, and transfer providers — to obtain a special license. The PS Act aims to protect users from fraud, money laundering, and systemic risks, as well as to ensure transparency among cryptocurrency companies.

That’s why you can only spend crypto in Singapore through legal, licensed platforms.

Way 1: Cryptocurrency Debit Cards

Crypto cards work like prepaid Visa or Mastercard: you convert cryptocurrency to SGD and pay just like with a regular card. For example, the Crypto.com Visa Card (issued by a MAS-licensed provider) allows you to top up from your Crypto.com wallet and pay in SGD. The card supports 100+ cryptocurrencies (including BTC, ETH, etc.). When making a purchase, the wallet automatically converts crypto to SGD at the current exchange rate.

The card doesn’t charge fees on purchases (though there are limits for free ATM withdrawals) and is accepted nearly everywhere — mainstream merchants, online stores, PayWave/NFC, etc.
Other global providers (e.g., Wirex, Revolut) offer similar solutions, but it’s important to make sure they are licensed to operate in Singapore.

Way 2: Payment Providers and Gateways

Several services enable crypto payments on websites and apps by instantly converting it to SGD on the merchant’s side.

One key example is TripleA — the first crypto payment company licensed by MAS. It supports 8 major coins (BTC, ETH, LTC, XRP, ADA, etc.). TripleA charges 0% commission on transactions and 0.8% when withdrawing funds in SGD. It’s used by major brands like Charles & Keith and Novelship to accept cryptocurrency payments.

• BitPay is an international crypto payment gateway available in 229 countries. It supports 13 coins (BTC, ETH, LTC, DOGE, BCH, USDC, USDT, etc.) and charges a 1% transaction fee. The buyer scans a QR code, and the seller receives SGD the next day via automatic conversion.

• Coinbase Commerce (although Coinbase is not directly licensed in Singapore, the service is used globally) is a payment gateway for businesses. It supports 7 coins (BTC, ETH, BCH, LTC, DOGE, USDC, DAI) with a 1% transaction fee. Payments can be made via Coinbase Wallet or any other wallet. Automatic conversion is available if you have a Coinbase Exchange account.

• Nium CryptoAccept is a Singapore-based payment platform that partners with BitPay. It allows merchants to accept Bitcoin and Ethereum online, with settlement in SGD or USD on the next business day.

• ipaymy (via TripleA) is a local service for paying large expenses with cryptocurrency. You can use it to pay rent, bills, salaries, and more — even if the recipient doesn’t accept crypto. Supported currencies (e.g., BTC, ETH, USDT, USDC) are converted to SGD and sent as fiat. The fee is a fixed 0.8% of the amount.

Way 3: Gift Cards and Mobile Top-Ups

Aggregator platforms like Bitrefill, Cryptorefills, and Coinsbee allow you to buy gift cards for popular stores, food delivery services, and other platforms using cryptocurrency. For example, Shopee, Lazada, 7-Eleven, Deliveroo, Amazon.sg, Starbucks, and Foodpanda are available — as well as mobile top-ups and eSIM recharges for providers like Singtel and M1 via Bitrefill.

Payments are made in BTC, ETH, LTC, DOGE, USDC, USDT, BNB Pay, SOL, DASH, and other cryptocurrencies. There’s usually no separate fee for buying a card (the exchange rate is included in the price), and the gift card is delivered instantly to your email.

In other words, you’re spending crypto to buy everyday goods and services — like groceries or food via Foodpanda — while legally using a cryptocurrency wallet.

Way 4: Paying for Goods and Food Directly at Merchants

Some stores, restaurants, and cafes in Singapore accept cryptocurrency directly. For example:

• Fashion chain Charles & Keith accepts BTC, ETH, and USDT
• Latin American restaurant Uchu Wasi takes BTC, ETH, BCH, USDT, USDC, LTC, and more
• Sarnies (a chain brunch cafe) has accepted BTC, ETH, BNB, USDT, SOL, etc. since December 2021
• Online plant shop Kibbles.sg accepts ETH, BTC, DOGE, and USDC

These merchants typically use crypto payment gateways such as Fomo Pay, TripleA, or BitPay. You scan a QR code, transfer your crypto, and the merchant instantly receives SGD via automatic conversion.

While the number of such locations is still small, it’s growing steadily. You can use services like Coinmap to find places in Singapore that accept Bitcoin.

Way 5: P2P Transfers and Paying for Services

Direct wallet-to-wallet transfers remain a popular way to pay for services or send funds to friends and freelancers. In these cases, both parties agree independently on the currency — typically using popular coins like BTC, ETH, or USDT.

Crypto can be sent either directly or via an exchange or crypto exchanger. For larger transactions (e.g., payments for real estate or consulting services), platforms like ipaymy (via TripleA) are a convenient option. They convert crypto into SGD and deliver it directly to the recipient’s bank account.

The Bottom Line

As of July 2025, none of the methods above violate Singapore’s laws. The Monetary Authority of Singapore (MAS) enforces strict oversight and requires all services to be properly licensed — so always make sure to use trusted providers.

Taken together, these methods let you legally spend cryptocurrency on shopping, food, housing, services, and transfers — both online and offline.