Crypto.com review: the app, the Exchange and the card

Quick take

Crypto.com was founded in 2016 and has spent heavily on its brand, so most people in Singapore have heard of it. Locally it runs through Foris DAX Asia Pte. Ltd., which has held a MAS Major Payment Institution licence for digital payment token services since June 2023. That puts it in the same regulatory bracket as Coinbase, OKX SG and Gemini.

What makes it different is the product mix. There is a polished mobile app aimed at casual buyers, a separate order-book Exchange for people who care about price, and a prepaid Visa card that lets you spend your balance. The card is the reason many people sign up. It is also the part with the most fine print, and the fees changed on 1 September 2026.

Operator (DPT)

Foris DAX Asia Pte. Ltd.

MAS licence

Major Payment Institution, June 2023

Card issuer

Foris Asia Pte. Ltd. (separate payments licence)

SGD funding

FAST; debit card and Apple/Google Pay at higher cost

Pricing

Spread in the app; tiered maker/taker fees on the Exchange

Card

Prepaid Visa, Midnight to Obsidian tiers, S$20,000 max balance

Best for

People who want to spend crypto with a card

App vs Exchange pricing

Crypto.com is really two trading products sharing one login, and the price you pay depends heavily on which one you use.

The app is a broker. You choose a coin, type an amount in SGD and tap Buy. The quote includes a spread, the gap between the price you get and the market price, and there is usually no separate fee line to look at. That makes it simple. It also makes it hard to know exactly what you paid. Crypto.com does not publish a fixed spread figure for the app, and it moves with market conditions and the coin, so we won’t quote one.

The Exchange is an order book. You see bids and asks, place market or limit orders, and pay a maker or taker fee that falls as your 30-day volume rises. We could not load the full current fee table when we checked in October 2026, so we are not printing tier numbers here. Open the fee schedule inside the Exchange before you trade.

Which should you use? A rule of thumb that holds across most platforms: for a one-off S$50 purchase the convenience of the app may be worth a little extra. For a monthly plan, or anything over a few hundred dollars, an order book with a limit order nearly always wins. You can compare the cost on any amount with the calculator in our cheapest way to buy Bitcoin guide.

Funding in SGD

The cheapest way into Crypto.com from a Singapore bank is a FAST transfer in SGD from an account in your own name. Deposits from DBS/POSB, OCBC, UOB and other FAST banks usually arrive within minutes. We could not confirm on an official page whether a PayNow QR option is live for every Singapore account, so check your deposit screen; our PayNow guide lists the platforms where PayNow is confirmed.

You can also buy with a debit card or Apple Pay and Google Pay. These are instant but cost more than a bank transfer, so use them only when speed really matters. Like every MAS-licensed platform, Crypto.com does not accept Singapore-issued credit cards for crypto purchases; that restriction comes from MAS’s consumer measures, not from Crypto.com.

To cash out, sell to SGD and withdraw to your bank. Our cash-out guide explains how to avoid triggering bank alerts when moving larger sums.

The Visa card in Singapore

The Crypto.com Visa is a prepaid card. You top it up from your crypto or fiat balance and spend anywhere Visa is accepted. It is issued in Singapore by Foris Asia Pte. Ltd., not by the DPT entity. The tier you get (Midnight, Ruby, Jade, Indigo, Icy, Rose or Obsidian) decides your FX fee, ATM allowance and perks.

The fee points that matter most to Singapore users, from Crypto.com’s own Singapore fee page:

• The entry-level Midnight card costs S$4.99 to issue. Ruby is S$39.99, waived for some subscribers.
• From 1 September 2026, Midnight pays 2% on foreign-currency spending. Ruby gets S$600 a month free, Jade and Indigo S$1,200, then 2%. Icy, Rose and Obsidian stay free.
• ATM cash withdrawals inside Singapore are not allowed. Overseas ATMs work within a monthly free limit, then 2%.
• The maximum card balance is S$20,000.
• Closing the account costs S$50, and an inactivity fee applies after 12 months without activity (S$6 a month from 1 September 2026).

The September 2026 changes matter if you travel. Earlier, Midnight’s FX fee was 0.5% and the mid tiers had no monthly cap, so anyone who chose the card for overseas spending should look again. Spending crypto through the card also means selling it first, so each top-up from crypto is a disposal, and the price you get includes the app spread.

We go deeper on card tiers, how they compare with other cards and what the FX fee costs on a real trip in our crypto card guide, which includes a calculator. If you mainly want to pay merchants with stablecoins rather than a card, see crypto payments in Singapore.

Pros and cons

Licence, entities and safety

Foris DAX Asia Pte. Ltd. is listed in the MAS Financial Institutions Directory as a Major Payment Institution for digital payment token services. It received in-principle approval in June 2022 and the full licence on 1 June 2023. A separate MPI licence covering e-money and money transfer, approved in late 2022, sits with Foris Asia Pte. Ltd., which issues the card.

Crypto.com’s own Singapore disclosures make a point worth repeating: MAS does not supervise Foris DAX Asia for unregulated services, and DPT derivatives such as futures are one example. Retail customers in Singapore cannot be offered leverage by licensed platforms in any case. As long as you stick to spot buying, selling and the card, you are inside the licensed perimeter.

The usual cautions apply. Use a strong unique password, an authenticator app and a withdrawal allowlist. Crypto.com staff will never ask you to transfer coins to another wallet or to install remote-access software. If anyone does, it is a scam. Report it through ScamShield and see our scams guide.

Who it suits

Crypto.com suits people who want crypto they can spend. If you like the idea of one app that holds coins and pays for dinner in Tokyo, and you are prepared to read the card terms, it does that well. It also suits casual buyers who value a slick app and don’t mind paying a spread for it.

It is a weaker fit if your only goal is to buy Bitcoin every month at the lowest cost, or if you dislike fee structures that change. And if you open a card mainly for overseas FX, run the numbers again under the September 2026 rules.

Alternatives

For low trading costs with free SGD rails, OKX SG is hard to beat, and OKX Pay covers some of the same “spend it” ground at GrabPay QR merchants. Coinbase is the gentler beginner app and adds XSGD. Coinhako is the home-grown option with GrabPay funding, Independent Reserve is strong for larger buys, and Gemini has the newest full licence. For card buying and a broad coin list from an international exchange, read our CEX.IO review. The overview is on the exchange table.