Since 2014, Coinhako has served as a trusted platform for Singaporeans to trade and store cryptocurrencies like Bitcoin and Ethereum. Built on principles of security, reliability, and ease of use, it continues to attract both new and experienced users with a range of powerful features.
Key Features of the Platform
Multiple Payment and Withdrawal Options
Users can fund their accounts within minutes using a variety of convenient payment methods. Singapore Dollars (SGD) and other fiat currencies are supported, along with Bitcoin and other cryptocurrencies.
Available options include:
- Fast bank transfers
- Visa and Mastercard payments
Fiat withdrawals to a bank account are also processed swiftly, often within minutes.
Competitive Fee Structure and Pricing
Coinhako partners with leading firms to offer some of the best available prices for Bitcoin, Ethereum, and a wide range of other digital assets.
The platform maintains a transparent and competitive fee schedule:
- 0.6% fee for trading at spot prices using SGD
- 0.5% fee for recurring buys using SGD
- 0.6% fee for trading crypto-to-crypto pairs
- 0.0% fee for trading with USD stablecoins
- 0.0% fee for larger over-the-counter (OTC) trades
Frequent traders can benefit from a rewards program that offers discount codes to reduce these costs further.
Regulatory Compliance and Licensing
Security and trust are paramount. Coinhako operates with a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). This license authorizes it to provide Digital Payment Token (DPT) services under the country's Payment Services Act (PSA), offering users peace of mind regarding its operational compliance.
Secure Crypto Wallet Storage
The platform employs rigorous security protocols and adheres to strict regulatory standards to ensure all assets are safeguarded. Its commitment to security is demonstrated through ISO 27001 and SOC 2 certifications, with systems undergoing regular audits.
Users retain full control, able to easily deposit or withdraw cryptocurrencies from their wallets in just a few clicks.
Referral Program
The platform offers a referral program where users can earn Bitcoin. When a referred friend completes a trade, the referrer receives a percentage of the trading fee in Bitcoin.
Diverse Trading Methods
Coinhako supports various trading strategies to meet different user needs:
- Trading cryptocurrencies at spot prices using fiat currency.
- Automating a dollar-cost averaging (DCA) strategy with recurring buys. Users can schedule daily, weekly, or monthly purchases of Bitcoin, Ethereum, and other supported coins.
User-Friendly Interface and Tools
Renowned for being the first point of contact with crypto for many users, Coinhako's intuitive interface simplifies the process of executing a first trade.
Additional features enhance the user experience:
- Real-time price alerts to track market movements.
- A dedicated news section for staying updated on the latest market developments.
- Detailed coin information pages for every supported cryptocurrency.
For those looking to manage a diverse portfolio, these tools are essential for making informed decisions. 👉 Explore more strategies for portfolio management
Frequently Asked Questions
Is Coinhako a safe platform to use?
Yes. It is licensed by the Monetary Authority of Singapore (MAS) and complies with the Payment Services Act. Furthermore, its security measures are validated by ISO 27001 and SOC 2 certifications, ensuring user funds and data are protected by industry-leading standards.
What are the main trading fees?
Fees vary by transaction type. Standard spot trades using SGD incur a 0.6% fee, while recurring buys have a 0.5% fee. Trading with USD stablecoins and large OTC trades are conducted with 0.0% fees. Volume-based discounts are available through its rewards program.
How can I deposit funds into my account?
You can deposit Singapore Dollars (SGD) quickly via fast bank transfer or by using a Visa or Mastercard. The process is designed to be completed in just a few minutes, allowing you to start trading almost immediately.
Can I set up automatic purchases?
Absolutely. The recurring buy feature allows you to automate your investment strategy. You can schedule purchases to occur daily, weekly, or monthly, making it easy to practice dollar-cost averaging.
What is the referral program?
The referral program rewards users with Bitcoin. When someone you refer signs up and completes a qualifying trade, you earn a percentage of their trading fee.
How do I stay informed about price changes?
The platform provides a real-time price alert feature. You can set custom alerts for specific cryptocurrencies to receive notifications when prices hit your targets, helping you monitor the market effectively.