Some things you can do with BTC You will need a scanned copy of your NRIC and some recent document as proof-of-address.You may want to pick a wallet and withdraw your BTC from CoinHako to your own wallet.You can start buying things online using bitcoin.Some retailers that accept bitcoin include: If you want, you can open an account at an exchange that serves Singapore and trade BTC.You will need a scanned copy of your NRIC and some recent document as proof-of-address.You may want to sign up at Xfers and complete their verification process.A few bitcoin exchanges that serve Singapore accept deposits and withdrawals through Xfers, and deposits through Xfers are usually instant.You may also want to pick a wallet now.Find a BTC/SGD exchange that suits you to buy your first BTC.Alternatively, you can try CoinHako, but the fees are higher in exchange for faster transactions.Complete the verification process for the exchange.You may want to open accounts at multiple exchanges simultaneously, since opening an account is free anyway.

Deposit funds into your account at the exchange.Set a limit buy order for however much BTC you want.(This doesn’t apply to CoinHako.)If you’re not sure what price you should buy at, or you want to get some BTC quickly, setting it a dollar or two below the bid price is a safe bet.This also lets you take advantage of any fee discounts for maker orders.Wait for your order to be filled.Congratulations, you now own some BTC.You may want to withdraw the BTC from the exchange to your own wallet, if you’re going to be holding for a while, for example.You can trade BTC.BTC’s price is volatile enough for you to potentially make significant profits without having to stare at price charts all day simply by setting limit orders strategically.There are risks, of course.You can hold on to your BTC and wait for the price to rise before selling, especially if you’ve bought just after a BTC crash (like the one in July 2016, where BTC crashed to around US$550; it rose back to US$1000 in months).

You can also buy things online.You do not strictly need to have your own offline wallet.Exchanges and online wallets can hold your bitcoins for you.If you intend to hold any significant amount of bitcoin for non-trivial periods, though, it’ll be better to keep the bitcoins in your own wallet.It would be good to pick a wallet that has all 5 criteria green (and full, not hosted, control over your money).If you can’t decide, you can try Any wallet app should offer some means of exporting your wallet (i.e.the associated private keys).You must keep a backup of your wallet somewhere in case you lose your computer or mobile device, because that is the only way to access the BTC in your wallet.For more details on storing bitcoin, read this.You should pick an exchange that has minimal (the best is zero) fees, because you are probably going to make a lot of trades.You may wish to venture into other currencies.You can look for exchanges here.Note that not all exchanges accept customers from countries other than their own.

BTC/CNY is an option; the exchanges have huge volumes, they accept Singaporeans, and their fees are pretty low (they used to be zero, but not anymore, sadly).bitcoin tycoonDo beware that in February 2017 the few major BTC/CNY exchanges (BTCC, OKCoin and Huobi) froze all BTC withdrawals for customers in China, although it seems they have continued processing withdrawals as of March 2017.litecoin buying and sellingYou can also venture into altcoin trading on e.g.asic bitcoin miner litecoinPoloniex, but that is really, really risky, and going way out of scope of this document.litecoin easy minerCoinHako is a no-frills BTC currency converter.ethereum overtake bitcoin

You can only buy and sell bitcoins at the market rate given to you by CoinHako.BTC deposits require 3 confirmations (30 minutes).bitcoin drug lordBTC withdrawals are broadcast immediately.ethereum gpu listCoinHako accepts SGD deposits via Xfers and FAST.bitcoin powerpoint presentationXfers is the fastest option, but you will need to have completed identity verification with Xfers.bitcoin pool difficultyFAST transfers are processed in one working day.You can withdraw SGD by inter-bank transfer or via Xfers (lower fee).In both cases it will take a few working days for funds to reach your bank account.If you withdraw to Xfers, you then need to initiate a withdrawal from Xfers to your bank.

Source for most information above.ItBit is a BTC exchange.You can only place limit orders.At time of writing their daily volume is somewhere around 100 BTC.BTC deposits require 6 confirmations (60 minutes).BTC withdrawals are broadcast regularly on working days; see their website for exact times.ItBit does not accept SGD deposits.ItBit is unclear about the fees for SGD withdrawals.I personally have never done an SGD withdrawal from ItBit due to this.Buying and selling BTC is free for maker orders.Luno is a BTC exchange.You can place limit orders and market orders.At time of writing they have a daily volume of around 10 BTC.BTC withdrawals are regularly daily; for exact times see their website.Luno accepts SGD deposits via FAST.Deposits are processed in one working day.You can withdraw SGD by inter-bank transfer.Withdrawals are processed twice daily, but expect a few working days before funds reach your bank account.Quoine is a BTC exchange.You can place limit, market and stop orders.