Primer for Singaporean investors: How to easily buy Ethereum?

In Singapore, it is very convenient to purchase Ethereum through Coinbase. Just create an account, add payment method, select Ethereum and enter the amount to complete the transaction.

Apr 11, 2025 at 03:32 pm

In Singapore, buying Ethereum is not difficult. Through the well-known cryptocurrency trading platform Coinbase, you can complete the operation safely and conveniently. The following are the steps to purchase Ethereum using Coinbase in Singapore:

• Download the Coinbase app: You can search for "Coinbase" in your phone's app store (such as Apple App Store or Android Google Play), and then click to download and install the app.

  
  

• Start the registration process: After opening the Coinbase application, follow the prompts to fill in relevant information, such as an email address, and set a secure password. Make sure your password is complex enough to contain letters, numbers and special characters to keep your account secure.

• Authentication: For compliance and account security, Coinbase requires you to authenticate. In Singapore, you may need to provide a valid ID card, such as an ID card or passport, and in some cases you may also be required to provide proof of address. Prepare scanned copies or clear photos of these files and upload them according to the in-app guidelines. The verification process may take some time, and the specific duration depends on factors such as the region of residence.

• Click Payment Method Options: In the Coinbase application, find and click the "Payment Method" related options to enter the payment method settings page.

• Connect to Payment Account: You can choose to connect to a bank account, debit card or initiate a wire transfer. If you choose a bank account, you need to enter your bank account information as prompted to complete the binding process. It may take some time to verify the bank account to ensure the correct account information. Paying with a debit card is relatively more immediate, but there may be certain handling fees. Wire transfers are suitable for transactions with larger amounts, but the processing time may be longer.

• Operation on the Coinbase website: After logging into the official Coinbase website, find and click the "Buy and Sell" option. On this page, you will see trading options for various cryptocurrencies.

• Using Coinbase Mobile App: After opening the Coinbase app, find the "+" sign at the bottom of the homepage and click it. This option is usually used to initiate new transactions.

• On the Coinbase website: Click on the Purchase panel and enter "Ethereum" in the search box. The system will automatically filter out the Ethereum (ETH) option and click to select Ethereum.

• In the Coinbase mobile app: Enter "Ethereum" in the search bar. When Ethereum appears in the search results, click it and the purchase page of Ethereum will be opened.

• Using the numeric keypad: In the purchase page, use the numeric keypad to enter the amount of Singapore dollar you want to spend. The system will automatically convert the Singapore dollar amount you entered into to the corresponding Ethereum quantity based on the current market price of Ethereum.

• Amount toggle: If you want to purchase based on the Ethereum quantity, you can click the arrow button on the right of the input amount to switch the display method and enter the Ethereum quantity you want to purchase. The system will display the Singapore dollar amount to be paid accordingly.

• Preview purchase information: After confirming that the entered purchase amount is correct, click the "Preview purchase" button. At this time, the application will display the detailed information of your purchase, including the amount of Ethereum purchased, the amount paid, the possible handling fees, etc.

• Confirm the purchase: Double-check the preview information to make sure everything is in line with your expectations. If everything is correct, click the "Buy Now" button to complete the purchase transaction on Ethereum.