Hi Seb, your wallet is your public address. That is why we picked them. For the purpose of this article, I did a test to buy $100 worth of bitcoin through Binance Singapore. I am still skeptical cause crypto sites have been granted an exemption by MAS since by the books it is not legal. is it safe to use coinhanko now? I use coinbase and binance. I believe the rates for Binance SG should be around there either. Hi there, I have a tutorial guide written on cashing out your BAT. Appreciate your advice. I am already on Twitter, that is where I do all my crypto research lol, haha okay la, slowly accumulating as and when I can. Eg Binance SG to Binance.com. They raided all crypto exchanges and many businesses got shut down. yea, Coinhako has released some announcements on that. I would like to purchase 2 btc, which exchange among Coinhako and Binance would anyone recommend? The Coinhako page keeps telling me that the address is invalid. Level 5. So people naturally hopped over from Coinbase to Coinhako. Not sure how to buy Dogecoin? Coinhako allows you the option of transferring directly from your bank account to their SGD wallet. Hi Yue Sin, I have 3 accounts, Etoro(3years), Binance.SG and Coinhako. I think he is talking about the time required for Coinhako to approve transactions such as sending out coins. i heard a lots of bad comment. Can I check how do you transfer coins from one wallet to another wallet. Gox in 2014 where everyone lost thousands of bitcoins. Singapore classifies all these crypto coins as digital payment tokens. Signed up Coinhako using your referral link. You shouldn’t need to create an ETH address. The deposits into verity tech pte limited didn’t come into my wallet as stated 10am or 4pm. But when I tried to follow up with a transfer out of 100 LTCs, the process just shows pending in my wallet for the past 12 hours already. Because I am using the Brave Browser and I earn Basic Attention Tokens (BAT) for viewing ads, I am looking for an exchange that allows the buying and selling of BAT. Adding on to that, Coinhako also has a token swap feature that Binance Singapore don’t. For ease of use, i edited the Binance fees for easier comparison. Each exchange stores different coins but generally Coinhako has a wider variety of offerings. Coinhako was founded in 2014 and they became an alternative exchange to Coinbase during the 2017 crypto boom. After signing up and completing the KYC process, Coinmama users … Binance Singapore strategic partners and investors. I don’t look at bitcoin cash, bitcoin gold or some other forms of bitcoin. This hack is much smaller in scale as compared to Binance. Binance P2P is unregulated by the Securities Commission of Malaysia. Everything was fine until China and Korea government came down hard and furious to ban cryptocurrencies. Protestors attacked central banks and their currency just lost 50-70% of its value. They have integrated with the SG Gov Identity platform and thus making the whole process a breeze. However, if you are comparing Binance Singapore and Coinhako, then Coinhako has been in the business longer than Binance Singapore. Are you still using Coinhako? In Singapore, they recently enacted a new law called the Payment Services Act in 2020. Here are a few reasons why Binance is the best place to start. Thank you for this article. Note that this is Binance and not Binance Singapore. I have never had an issue after using it since 2017. Those with limit orders like bybit, bitfinex, kraken, binance (global) are more for crypto trading, which is something the governments don’t want. Even Warren Buffet said it during today’s AGM, the US government won’t default on its debts, but the purchasing power of the dollar is in doubt with the printing of money. So if we deposited SGD dollars, will they do the conversion for us? You have just summed up my article in a paragraph lol, Thank you for your article. I buy through the normal Coinhako wallet. Facebook No idea, and honestly I wouldn’t bother about such matters. Xfers is sort of like an intermediary between banks and crypto exchanges. If anyone wants a referral, DM me :). You can see that the fees on Binance are slightly cheaper than Coinhako. Whenever you want to transfer coins to another wallet, you key in that wallet’s public address. First, I log in to my Xfers and click the top-up button for digital goods wallet. I will give them a short while more before going to straits times and mothership. 8 days ago. If you are thinking to buy some bitcoins, these are the two most popular exchange to look at in Singapore. Coinhako is a Bitcoin wallet and exchange based in Singapore and it is one of the most user-friendly platforms for both residents of Malaysia and Singapore to buy and sell Bitcoin.. Coinhako was founded in 2014, and it started as the Bitcoin platform allowing people in Singapore to convert fiat … Keep to bitcoin and only bitcoin. Here's a guide to help you get started. You have to basically just sign in and purchase on the spot whatever the price is. If Xfers has a cap of 30k, what you can do is split up your purchase 15k, 15k to get 1 whole bitcoin? The only indication that you have owned bitcoins is via your virtual wallet statement. Better Rate-Binance Singapore. Thanks. Don’t worry so much about it unless you are using those shady weird crypto sites. If you are holding other coins like Binance Coin (BNB) and Chainlink, then Binance Singapore offers that. Just get in touch. All views expressed in this blog are my own personal opinions and they do not constitute professional financial advice. That is how blockchain works. Not all coins in Coinhako you can send out or receive (those that are greyed out are probably those that you can’t). System crash happens across all exchanges even Coinbase, binance when there is a sudden upsurge of demand (like when TSLA bought BTC) or sudden unexpected BTC crash, happens all the time. Initially, Kyber used to be doing this but now is getting more common. Eventually, there would be a flight back into hard money (gold) and now bitcoin (digital gold). The key difference between Binance Liquid Swap and Uniswap is that Liquid Swap is centralized. Support; … CoinHako is a Bitcoin broker based in Singapore, backed by investors from the USA. But I think the process should be exactly the same. After this halving, it would take miners even longer to mine bitcoin and the rewards are going to be reduced from 12.5 to 6.25. Don’t worry about it. Coinhako is the easiest way to buy and sell cryptocurrencies, and we have been using them since 2014! I did a comparison of how much bitcoin you would get if you spend $500. I bias towards Coinhako for it’s variety too, but revert back to Binance for its low fees. News and updates from the world’s leading cryptocurrency exchange. After 1 minute, I received it on Xfers. Coinhako is backed by Tim Draper, one of the big VCs who have also invested in Baidu, Skype and Coinbase. That is how you buy crypto in most cases. I recently emailed them about an issue with creating an Ethereum address as whenever I try to create an ETH address, a pop up of ” we are unable to process your request at the moment. Binance Review; Bitfinex Review; Bitmax Review; BitSeven.com Review; Bitpanda Review; ByBit Review; BTSE Review; CEX.IO Review; Changelly Review; Deribit Review; FTX.com Review; Kraken Review; LocalCoinSwap Review; Overbit Review; Poloniex Review; ... “The easiest way to buy, sell and store digital assets in Asia” –Coinhako.com. 1. Other than XRP, BCH, and BNB, Binance is cheaper that Coinhako. Our Score. Just follow instructions to top-up can already, nothing will go wrong. Since the crypto market is heating up, I have decided to do a review of Binance Singapore and Coinhako. That is the downside if you are using Xfers on Coinhako. At time v of this writing it’s 7.33pm n my wallet still empty. Binance Singapore has a partnership with Xfers, a local fintech startup to … Please … If your crypto is in the exchange, they are not yours. Verify also is non existent. Secure and Reliable State-of-the-art safe storage technology for maximum security. Official Binance API Documentation. , Hey I think everything I wrote is inside the guide here already lol, No idea, and honestly I wouldn’t bother about such matters. The crackdown is really tough. Sever just can’t handle the load. Coinhako is a pain in the ass, if you say otherwise you’re probably getting paid by them or just really bias. Twitter icon But can you help explain why? Now exchanges have reserves from their profits to deal with such issues. However back then, Coinbase was the leading exchange (It still is now) and most Singaporean investors chose Coinbase over Coinhako. Coinhako vs Binance. Huobi OTC. Thank you. That is important for an exchange business as volume and liquidity are what investors and traders look out for. Thanks for the promo code, it works, now at 0.8%! Hi, if I were to xash out to local bank accts, would it then be able to use it as like legal tender or nah..?? The general rule of thumb in crypto is “Not your keys, not your bitcoin”. share. Hi Angus, yes they will do the conversion for you automatically, you can just buy bitcoins using SGD when you deposit into Coinhako. Hey Catherine, I have not experienced my account being locked after using for 3 years, what was the cause? It allows altcoin to altcoin swap, altcoin to bitcoin or bitcoin to altcoin. I have 2 questions : 1. Or I can sell my bitcoin and withdraw out the profits directly to my DBS bank account. Is the crypto price in SGD converted from USD by coinhako? Just click withdraw to your bank account and the cash SGD shows up in ur DBS account within 3 – 5 days. Binance is global. 2 answers. Sure, happy to provide my views. Others might have better experience but I’m avoiding this once I manage to transfer the coins to Binance. which one is more competitive? Coinhako has it and Binance Singapore doesn’t have it. The main difference in the process is Binance Singapore involves an extra step of setting up Xfers. Ray Dalio also mentioned in his latest article “The Changing World Order”, in the end, central banks always print money and devalue. View Offers. It takes < 1 minute to fill in those bank…, Rethinking F.I.R.E (Financial Freedom) in Singapore, https://twitter.com/Bitcoin/status/1256228362235850754, https://www.theancientbabylonians.com/what-is-brave-browser-and-why-you-should-use-it/, How to Use Power BI for Stock Market Analysis. UK residents: In addition to normal crypto trading services, Binance offers margin lending. Thanks for the informative article. Yes Coinhako helps you to convert all USD into SGD equivalents. Hello, CoinHako has been changing the registered bank account information a lot lately. Try now. The admins are usually non responsive and the servers are usually down during whales sell-off. Changelly is an example of the former, while Coinbase belongs to the latter. Hi will you know how to transfer your coins from coinhako to binance.sg? I used to start out with Coinbase in 2017, but ever since they run into some issues with the Xfers thing, I stopped using it altogether. Now let’s try on Coinhako. Thanks Sam! If you want to buy $500 worth of bitcoins you have to pay $20 in transaction fees. All the best w your crypto journey as well. They have a mobile app whereas Binance Singapore does not (Binance Global does), and the overall UX is better and easier to navigate. Coinhako charge 1.0% for every sale and purchase of crypto whereas Binance only charge 0.6%. Coinhako is relatively unknown still. It is the same analogy with bitcoin. Fees 4 / 5. I don’t know of any annual limit on Coinhako’s bank transfer which is good news for big buyers. 8 days ago. Here is what happened to Lebanon’s fiat currency recently. Its website has more features and functions and is probably more well-established than Binance Singapore. Comment removed by moderator 8 days ago. This means the supply of bitcoin is going to become even more scarce and the history of halving events have all pointed to a bull run. This is important for me as you want to be able to sell your BAT to cash. The most recognizable name behind this project is that of Changpeng … Donations are extremely welcome. Done. Is this normal? Gemini should be slightly cheaper if I am not wrong. It suffered a sophisticated and coordinated attack but the damage was minimal as less than 20 users were affected. Conclusion . Answered on 23 Aug 2020. Coinhako is the best (Blockchain) company coming out of Singapore. Thank you! Thanks! On Coinhako, I can get 0.03954 with $500. This is very useful if you are looking to rebalance your crypto portfolio. Bad thing is you incur fees twice as compared to buying it all in 1 purchase. Both easy. ETH: 0x1FB681385C894eAa5395ee55D22E2212EE2E1c19, Email Rating. They’ll confirm the price of the … I have GRT coins but the send & receive button are disabled. Security features. It takes < 1 minute to fill in those bank details lol. On Binance Singapore, I can get 0.03972 bitcoin with $500. I would say the rates for Binance Singapore are better, but only to a slight extent. Ftrstly there’s no number to call for Enquiry. Tested the crypto withdrawal with 0.01 LTC and it worked fine and was out in 10 minutes. Bitcoin has rallied over the past few days already, so we might see a retracement. In an extensive interview on Bloomberg, He Yi provided more details about Venus, Binance’s open blockchain project for stablecoins and digital assets around the world. And ive emailed their support but i have yet to receive a reply. Using Coinbase pro or Binance is definitely a better choice for buying tbh. Both Coinhako and Binance SG also has been licensed by MAS officially to run it. As for coinhako, i sent a email on the 9 feb morning, i have gotten a reply on that day itself saying engineer is looking at it. Support 5 / 5. Are you still using 1 currently..?? It has more variety of altcoins, especially the ones I am holding (BAT & OMG). December 30, 2020 at 7:26 am . The minimum buying lot is not 1 bitcoin, you can even get bitcoins from as low as $50. Even for today, I initiated a transfer for a mere $10,000 SGD through CoinHako Xfers direct transfer, the money have been stuck for a good 5 hours lol. World-Class Support 24/7 online customer support Over 95% of requests processed within 24h. In terms of fees, security, tradable crypto and etc? Hence, I usually don’t buy using Xfers. Trade With Up To 125X Leverage on Binance. Hi The Babylonians, whats your take on Bitcoin vs Bitcoin Cash, or other forms of Bitcoin for the main purpose of long term holding? In terms of legalities & regulations – would you say its safe to input details on Xfers? The best practice is to store it in a “cold wallet” (offline) or buy a hardware wallet and store your coins there. Thank you! You can also top up your CoinHako account using Xfers, which allows you to buy bitcoins within 10 minutes. 3. But when I click to create an eth address, the above pop-up appears, and I am unable to create an eth address. Bobby Ong, Co-Founder. If you are buying big, that 0.2% difference could make up a huge sum. Do you use hw wallet? Hi, has anyone had any experience with coinhako’s support team. Not famous worldwide. It is a timely reminder that no fiat currencies can maintain its value in history. Binance is a cryptocurrency exchange, created by a former key member of OKCoin. They're running a promotion on their transaction fee till the end of the day (10th Feb). I think you are new to crypto. For more information on how to keep your crypto funds safely, do check out my article here. I also have some OmiseGO coins and Coinhako has it but Binance Singapore doesn’t. Cryptocurrency is virtual. I signed up CoinHako via your referral link . Please do your own due diligence or consult a licensed financial adviser before making any investment decisions. You are just trusting that exchange to store your coins for you and it is sort of like the bank’s IOU. Was appalled that the platform does not allow queuing of BTC purchase at a fixed price (like how we purchase stocks). What I really like most about Coinhako is that this option 1 offers direct deposit and withdrawals to local banks. The old method would be to sell your BAT into BTC, then sell your BTC to cash. Binance is a cryptocurrency exchange that launched in July 2017. Then, it gave me the bank account details for me to transfer the $100. Even for Robinhood during the GME, AMC saga. If you make a deposit request during weekends, then you have to wait till Monday before receiving the funds. Coinhako business only started picking up when Coinbase announced that they would stop their Xfers service in Singapore. Someone has to bring this to MAS and public attention. The minimum purchase for option 1 is also lower at $30. 0 comments. Whenever i click on receive for ethereum and try to create an eth address, the prompt pops up. One good example is Gojek vs Grab. Recently I just used coin switch (Swap NEO to ICX) and they worked seamlessly. Binance Blog. We can just transfer the coins over to Hako if we wants to sell ba. Yes I have this issue of trade fail due to 30k spending limit .I’m still unsure whether they can shift our higher spending limit by moving to business account.If u can’t trade at 30k limit ,we can’t buy or sell after hitting that amount. Thanks Lyn! I guess they didn’t expect the sudden upsurge of demand and activity and their infrastructure is unable to handle the load. Does that mean you can only transact up to $30k per annum if using Xfers (Binance), whereas with Coinhako (which has the bank transfer functionality) thus there’s no annual limit. (coinbase is another e.g.) At 1% transaction fees versus 0.6% in Binance SG, if you are only buying a small … If you are thinking to buy some bitcoins, these are the two most popular exchange to look at in Singapore. Maybe see you on Twitter one day? While Binance has been around since 2017, Binance Singapore came into business only around April 2019. About. Pro: Accepts Fiat deposits No charge for deposits Wallet service; Very low Fees A myriad of coins to exchange with No lags experienced with website; Contra: High trading fees Only available for Singapore and Malaysia; ... About Coinhako.com: “The easiest way to buy, sell and store digital assets in Asia” –Coinhako.com. Company: Country: Regulation: Binance: China: N/A . i read on facebook that some users have issues pending for reply(not solution) since a month ago. At least twice in tge past feq months. Thank you for sharing the information. Yes, I am still using Coinhako and it works fine perfectly for me. I plan to keep btc/eth. All queries online which means they choose when where how to reply u. There’s no way u can talk to anytime. But my account have been locked. Coinbase charges a spread of around 0.50% for each purchase you make, although this percentage can change depending on market fluctuations. I would like to pay through Bank Wire Transfer. Coinhako is an all-in-one cryptocurrency service as a wallet and exchange. There are hundreds of different cryptocurrency exchanges on the internet nowadays, but most of them fall into either one of two kinds of exchanges: the instant, non-custodial exchange or the traditional, custodial exchange. Terms; Fees; Help. But my first experience with Coinhako has been stressful. I have been using option 1 all along because it is more convenient. Is ledger still the best option? Yes Coinhako may be good in the past but now it’s just a money hungry exchange, charging 1% in fees just to purchase bitcoin and if you wish to withdraw that bitcoin, you have to pay an additional fee of 0.0006btc equivalent to $30 or so depending on the BTC rate at the moment, which is really outrageously expensive for the fact that it can even take 2 hours to just get your bitcoins withdrawn or sometimes longer, like why pay 0.0006btc in fees if it’s gonna take forever for you to receive your Bitcoins likeee whaaaaat. If you want direct purchase then go for Coinhako and bank transfer in the money. That means you can’t buy bitcoin on Coinbase through Xfers anymore. It went silence since then even i sent 3 emails requesting for an update. Coinhako is one of South East Asia’s top mobile crypto wallets available for iOS and Android users. Unbelievable. That being said, they do not accept fiat … Got a problem? This is something similar to what Coinbase is currently offering to its users. CoinHako Buy Bitcoin . Both Coinhako and Binance Singapore has already applied for it and both exchanges work very closely with the local regulators. Rest assured Coinhako is not like you think, they are regulated and licensed under MAS to operate as a crypto broker exchange here in Singapore. What Coinhako has is … Yes, perfectly normal. However, the “Current Coinhako Fee: 1.00%”. This is … However, i thought that all kinds of bitcoins transacted in USD dollars? 2. Hi Dean, I have not tried before Malaysian bank account eh. I have not encountered any issues with the first 2, even there were issues, i have livechat with etoro which they usually resolved within 2 days. Embrace the volatility and gains. I have been withdrawing out from Coinhako many times (even now) and there has not been a single time where I did not receive money in my bank account nor has there been missing coins or what. Hi, thanks for the article. Binance. I deposited into Verity last nite. 80 80. Binance Singapore is only for Singapore citizens or permanent residents, or people residing in Singapore. ... @Raymond had a look at your blogpost, and there's no coverage on Binance or crypto.com tho..
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