Just joined the forum and new to cryptocurrency.
I hope some of you experienced people can help/advise me on the following:
Are there any exchanges which allows me to do all of the following:
a. Deposit S$ by bank transfer directly from my SG bank account
b. Buy/sell many currencies like XRP, NEO, Monero etc. etc.
c. Able to sell the various currencies in S$ or US$ and withdraw the funds directly to my SG bank account
Any help on the above will be greatly appreciated.
Thanks
Depositing by bank transfer directly you can use the following exchanges:
Coinbase (requires xfers)
Gemini (cheapest option but long verification)
FYBSG
Coinhako (requires xfers)
Problem is, these sites take time to get your account verified and xfers does not open up to new users. FYBSG is a local exchange that fastest in terms of account verification however there isn't much volume on their exchange so the prices might not be the best. I would suggest you to quickly start verifying your account on these exchanges.
Ff you are in a rush, however, you could also buy currencies instantly OTC. Using localbitcoins.com or localethereum.com to trade peer to peer.
If you don't want to trade with a random dodgy bitcoin seller off the web, you could buy from NuMoney OTC office, we are one of the biggest, if not the biggest, OTC providers in Singapore. Just book an appointment through
https://www.Numoney.store.
Or, you could wait for NuMoney exchange to be launched which will allow you to deposit SGD directly and start buying crypto.
Most exchanges that support direct fiat deposits do not support alt-coins like XRP,NEO and Monero etc .I'm not sure if there is one at the moment actually. Therefore the only way would be to purchase BTC/ETH, send it over to Binance/Kucoin/Bittrex to purchase alt-coins with BTC/ETH.