Is BingX available in Singapore?
BingX is not available to residents of Singapore. The platform lists Singapore among the restricted territories in its own terms of use, so Singapore residents are not accepted, separately from the licensing rules administered by the Monetary Authority of Singapore.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of 26 June 2026, BingX is not available to residents of Singapore. BingX names Singapore among the restricted territories in its own terms of use, so it does not accept users who are residents of the country. Separately, the Monetary Authority of Singapore (MAS) licenses digital token and digital payment token services under the Payment Services Act, and only licensed providers may serve Singapore clients. Owning crypto remains legal in Singapore, but the BingX platform is closed to residents, so verify the current position with the Monetary Authority of Singapore before acting.
Availability for Singapore residents
As of 26 June 2026, BingX is not available to residents of Singapore. The decisive point is that BingX itself lists Singapore among the restricted territories in its terms of use and disclaimer, which means it does not accept account holders who are residents of the country.
Separately from the platform's own terms, the Singapore regulator is the Monetary Authority of Singapore (MAS), which licenses digital payment token services under the Payment Services Act and regulates digital token service providers. The Monetary Authority of Singapore has tightened its approach to firms serving customers, including measures affecting digital token service providers that operate to overseas markets. BingX does not hold a relevant licence from the Monetary Authority of Singapore.
Because BingX restricts Singapore in its own terms and is not licensed by the Monetary Authority of Singapore, treat the platform as not available to Singapore residents. Owning, buying, and selling crypto through a licensed provider remains legal. Verify the current position with the Monetary Authority of Singapore before acting.
How the rules apply
BingX is a custodial platform, which means it holds assets on a user's behalf. To serve Singapore residents lawfully, a platform must hold the relevant licence from the Monetary Authority of Singapore under the Payment Services Act and apply know your customer and anti money laundering checks. BingX has not done so and excludes Singapore in its terms.
Singapore residents who want to use a platform should choose a provider that holds a licence from the Monetary Authority of Singapore. Confirm the current licence status before acting, because the register and platform terms can change.
How crypto is taxed in Singapore
Singapore does not levy a general capital gains tax, so individual gains from disposing of crypto held as an investment are typically not taxed, while gains from a trade or business can be taxed as income, with oversight from the Inland Revenue Authority of Singapore (IRAS) (as of 26 June 2026). Because the treatment depends on personal circumstances, confirm the current rules with the Inland Revenue Authority of Singapore or a qualified Singapore adviser.
For a fuller explanation, see the Singapore crypto tax page. This is general information, not tax advice.
Regulator and sources
The Singapore regulator is the Monetary Authority of Singapore (MAS), which licenses digital payment token services under the Payment Services Act. The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Monetary Authority of Singapore (MAS), the licensing of digital payment token services under the Payment Services Act and the register of licensed providers.
- Payment Services Act, which sets the licensing requirement for digital payment token services in Singapore.
- Monetary Authority of Singapore measures on digital token service providers, including those serving overseas markets.
- BingX terms of use and disclaimer, which list Singapore among the restricted territories the platform does not serve.
Frequently asked questions
Is BingX available in Singapore?
As of 26 June 2026, BingX is not available to residents of Singapore. The platform lists Singapore among the restricted territories in its own terms of use, so Singapore residents are not accepted. Verify the current position with the Monetary Authority of Singapore.
Why does BingX restrict Singapore?
BingX names Singapore among the restricted territories in its terms of use and disclaimer. Separately, it does not hold a relevant licence from the Monetary Authority of Singapore under the Payment Services Act, which licensed providers need to serve Singapore clients.
Is it legal to own crypto in Singapore?
Yes. Owning, buying, and selling crypto through a licensed provider is legal in Singapore. The restriction on this page concerns the BingX platform, not whether owning crypto is allowed.
How is crypto taxed in Singapore?
Singapore has no general capital gains tax, so investment gains are typically not taxed, while gains from a trade or business can be taxed as income, with oversight from the Inland Revenue Authority of Singapore. See the Singapore crypto tax page. This is general information, not tax advice.
Which platforms can serve Singapore residents?
Providers licensed by the Monetary Authority of Singapore under the Payment Services Act may serve Singapore clients. See the best exchanges in Singapore page for current options.
Where can I confirm the current position?
Check the Monetary Authority of Singapore register and notices and BingX's own published terms. Those primary sources are the most current way to confirm availability before acting.
Rules change frequently. Platform terms and licensing positions can change at short notice, and the Monetary Authority of Singapore continues to refine its rules for digital token service providers. The position on this page is dated 26 June 2026. Confirm the current status with the Monetary Authority of Singapore and the platform before you act.
Related pages
Subscribe to The Compliance Ledger
One short email when a rule or an exchange status shifts where it matters to you. No noise, no hype.