A Beginner’s Guide to Buying Crypto in Singapore with Independent Reserve

• The article is a beginner’s guide to buying crypto in Singapore using the Independent Reserve platform.
• The step-by-step process for new users includes creating an account, depositing funds, choosing a cryptocurrency, and initiating a trade.
• For high-volume traders, Independent Reserve offers an Over-the-Counter (OTC) trading desk for confidential and personalized service.

Getting into the crypto scene in 2025 may feel as if you’re long overdue to the scene, but don’t fret. There’s no better time than now to invest in a digital asset that’s been on the rise in recent years.

Having said that, it can be quite disorienting attempting to navigate the crypto trading space as a beginner. With a plethora of tokens to choose from and with a wide array of crypto trading platforms available in the market, narrowing your selection to the right combination can feel like a massive hurdle in itself.

This feeling can be especially heavy if you’re based in Singapore. While the perks of being a citizen of a tech-savvy nation with mature financial policies are a definite plus, the fact that a large handful of the population have already started their crypto journey years ahead can make you feel like you’re just taking the scraps.

ADVERTISEMENTBut remember this: getting a stake in crypto is the only way to profit from it in the long term. So, if you want to reap the reward of crypto investing, then buying crypto to hold it for future use or to transact with it in the short term is the only way to get started.

There are many crypto platforms that you can use to buy, sell, and hold crypto. One of the best ones in the market in Singapore is Independent Reserve. If you want to learn how to start buying crypto with this platform, then read on. This article will guide you on how to buy crypto through this popular crypto platform.

Let’s get started!

ADVERTISEMENT## How to Buy Cryptocurrency With Independent Reserve

For beginner investors who want to get into the crypto scene, the crypto exchange platform Independent Reserve serves as a great potential platform for their buying and selling needs.

But if you’re unsure how to start trading with them, this section will provide a step-by-step process on how to buy crypto in Singapore with Independent Reserve.

Let’s get into it.

1. Create an Account on the Independent Reserve Website

The first thing you should do is visit the website and enter the sign-up page. This is a fairly straightforward process and won’t take longer than five minutes to complete

During the registration process, you’ll be tasked with providing the following details:

• Full name
• Email address
• Date of birth
• Home address
• Phone number
• Proof of address
• Proof of identity or ID card

To create an account, you can go to the website or download the Android or iOS app and find the sign-up button. Select the Account type: Personal and enter a username, email, and password. Agree to the terms and conditions as well as the privacy policy, then verify the confirmation code sent to your email.

ADVERTISEMENTOnce that’s done, you’ll be tasked to verify your identity (however, in Singapore, this step is waived as the ID does the verification for you). Once your identification is approved, you’ll need to input your phone number and verify it. You are also encouraged to set up 2FA and fill in your account purpose.

Following all of that, you’ll have to upload supporting documents, namely pictures of your ID (both the front and back sides), you holding the ID, and a valid proof of address. Once you’re done with everything, proceed to the next page to submit the details. Now you must wait for 24 hours for the team to assess your application.

2. Deposit Funds

Once your account is verified and approved, you can then begin to deposit funds into the account

Go to the “Accounts” menu, choose a crypto token (or a fiat currency like SGD), then click the “Deposit” button. Fill in the amount you want to deposit, then complete the relevant details, including how much you want to deposit.

One can also deposit using an external crypto wallet address. You simply have to connect your wallet address to your account. You can also deposit SGD using FAST’s and PayNow’s fund transfer services or through eligible credit and debit cards. Bank transfers are also eligible up to a daily limit of $100,000 SGD.

3. Choose a Cryptocurrency

So, you’ve seen a good entry price for Bitcoin (or any other token) and want to get in on the action. It’s simple with this platform. You simply have to click “Buy/Sell” in the menu and select a crypto token you want to buy

There are dozens of available ones in Independent Reserve, including the most popular ones like Ethereum, XRP, and Bitcoin. All the listed prices are the real-time market rate. So take your pick!

4. Initiate the Trade

Enter the amount of the chosen crypto you want to buy and confirm the order. Make sure that your deposit is enough to cover your purchase

You don’t have to buy in real-time always. You can also set up an auto-buy order once certain conditions are met, such as if the price reaches a specific threshold. One can explore the Advanced Trading interface to learn more about the capabilities of this crypto trading platform.

5. Keep in Insured Wallet or Transfer to Your Private Wallet

Once the transaction has been followed through, the balance should be reflected in your account instantly. You have two options: keep your crypto in Independent Reserve’s insured wallet or transfer it to your own private wallet.

If you want to transfer your funds to your private wallet, click “Accounts”, then “Withdraw” on the specific crypto token you want to transfer. Then, enter your private wallet address, fill in the amount you want to transfer, and then confirm the transaction. A small network fee will apply, but if you want peace of mind from hacks and breaches, then this may be a worthwhile secondary step.

High-Volume Crypto Trading: Buying Through the OTC Method With Independent Reserve

Independent Reserve, just like many large crypto exchange platforms, offers an over-the-counter (OTC) trading desk catered for high-profile traders who want to trade crypto tokens in large volumes

This option is ideal for those who have deep pockets and prefer a more personalised service

Think of people such as institutional investors, trust fund managers, and people with a high net worth. These people—often referred to as whales—deal with large orders amounting from anywhere between $50,000 to $50 million (and its equivalent in cryptocurrency) that may disrupt the market to a large degree

Having a confidential and tailored service through the OTC ensures that their investment safely goes through without causing market slippage or price distortion. On top of that, these services are secure and client-focused, making it a service that’s a level above traditional crypto market transactions in terms of exclusivity.

How to Buy Via OTC Crypto Trading

Here’s a step-by-step guide on how to use Independent Reserve’s OTC desk.

1. Fill The Contact Form for OTC Trading

The first step is to contact the OTC desk specific to Independent Reserve. This contact form requires you to fill in personal information about yourself or the company you’re representing. Specifically, it will ask for the following details:

• Full name
• Email address
• Company name
• Phone number
• Deal size
• Additional information

Once you fill in the relevant information on their contact form, an experienced representative of the company will reach out to you within one business day to more thoroughly discuss specific trading requirements.

2. Sign Up for OTC Desk

Once you’ve gone through the discovery call and confirmed your intent to trade, the company’s broker will guide you through the OTC onboarding process

Primarily, they’ll help you set up your OTC trading account. There are multiple account types that can be used, namely, personal, trust, and company accounts. The broker will help you through setting up each of these account types.

3. Start Trading

Once you’ve set up an account, you can settle trades discreetly, securely, and quickly via your partnered broker.

You can access these specialists through a provided number or email address in case you have a question or need to inquire regarding a specific process.

But for the most part, you’ll likely be contacting your broker’s number to initiate a trade in the future, granted that your wallet is funded with the required fiat or crypto to proceed with the settlement.

We hope this guide will equip you with the right tools to prepare you for your crypto trading journey. All the best!