Coinhako

Coinhako's Singapore account supports buying and selling with SGD or USD balances, alongside crypto swaps. Singapore-dollar deposits use PayNow and withdrawals use the local FAST bank-transfer system. International users follow a separate route: USD bank deposits and withdrawals are not available by default, with possible case-by-case support for accredited investors.

Registration begins by choosing Singapore or Rest of the World as the residence option, verifying an email address and setting a password. Identity checks then include a phone code, an accepted ID and a live facial scan. Singapore users can use Myinfo to retrieve government identity details; other users are directed to upload a passport. Without Myinfo, or when requested, prepare a document showing the same name and residential address.

The limit-order workflow starts at Trade, then Buy or Sell and Limit Order. Choose the asset, set the price and enter either a currency amount or crypto quantity. Quick price options can set a buying limit below the current market or a selling limit above it. Review the payment balance, fee and expiry before confirming.

Coinhako uses all-or-nothing execution. Even if some liquidity is available at the chosen price, the order stays open unless the whole quantity can be matched. Expiry can be Good till canceled or a chosen date and time up to 60 days away. Open orders cannot be edited: change a price or quantity by cancelling and replacing the order. In Hub, Open Orders shows its status and cancellation control. Funds needed for an active order remain restricted. After a purchase fills, the holding can fall in value regardless of the limit price used.

The fee schedule lists 0.6% for standard SGD or USD spot trades from a Coinhako wallet, and 0.5% for limit orders or recurring buys. SGD spot trades with GrabPay are listed at 2.8%. PayNow deposits have no Coinhako fee; SGD bank withdrawals cost S$2 and USD withdrawals cost US$50. A crypto withdrawal also has a network-related charge. Compare the final quote and funding method rather than assuming every purchase route costs the same.