How to Open a Bitcoin Wallet in Singapore with Coinhako

How to Open a Bitcoin Wallet in Singapore with Coinhako

Cryptocurrency is gaining popularity in Singapore, and Coinhako offers a simple, secure way to start your crypto journey. As a trusted MAS-regulated platform since 2014, Coinhako supports SGD and USD deposits, local bank transfers, and provides easy access to Bitcoin wallets.

Step 1: Visit Coinhako

Go to coinhako.com or download the app on iOS or Android.

Step 2: Sign Up

Click Sign Up, select your country, and fill in your email, password, and optional referral code. Agree to the terms and register.

Step 3: Verify Your Identity (KYC)

To comply with regulations and ensure account security, Coinhako requires all users to complete identity verification. Here’s what to expect:

  • Verify your phone number
    Enter your mobile number and input the one-time password (OTP) sent to your phone.

  • Choose your issuing country
    This will determine the list of accepted identity documents based on your location.

  • Submit your identity document
    Upload a clear photo of an accepted ID—this could be your NRIC, Passport, or FIN.
    Tip: Singapore users can verify instantly via Myinfo, which retrieves your identity data securely from government records. This eliminates the need to upload proof of address.

  • Complete a liveness check
    Perform a quick facial scan to confirm your identity in real time.

  • Submit proof of address (if required)
    If you're not using Myinfo, you'll need to upload a recent utility bill, bank statement, or official letter that shows your name and residential address.

  • Answer a few short questionnaires
    These help Coinhako understand your trading experience and purpose, in line with MAS consumer protection guidelines.

The identity verification process usually takes just a few minutes, but during busy periods, it may take up to 1–2 business days.

Step 4: Secure Your Account

Enable 2-Factor Authentication (2FA) for added security.

Step 5: Access Your Bitcoin Wallet

Go to the Wallet section, select Bitcoin, and view your wallet address and balance.

Step 6: Deposit and Buy Bitcoin

Deposit SGD (via bank transfer, FAST, or PayNow) or USD, then buy Bitcoin instantly from the Buy/Sell page.

Final Tips

  1. Always double-check wallet addresses when sending or receiving funds

  2. Stay informed with Coinhako’s market updates and security tips

👉 Ready to start?
Create your free Coinhako account now and begin your crypto journey today.

    • Related Articles

    • How to Deposit and Withdraw Cryptocurrency on Coinhako

      This article outlines the step-by-step process of how to deposit and withdraw cryptocurrency on. The process is consistent across all supported cryptocurrencies, making it easy for users to manage digital assets securely and efficiently. Withdrawing ...
    • How to Buy, Sell, and Swap Cryptocurrencies on Coinhako

      Buying, selling, and swapping cryptocurrencies on Coinhako is a streamlined process that remains consistent across all supported coin pairings. This article covers step-by-step instructions for the following actions on the Coinhako app: Buying ...
    • How will Coinhako Support the GALA(v2) migration?

      On 15 May 2023, GALA will migrate to GALA(v2) — Coinhako will support the upgrade and automatically convert GALA tokens to GALA(v2) tokens following the airdrop. Here are some Frequently Asked Questions (FAQs) to help you understand the migration ...
    • Trading High Volatility Tokens on Coinhako

        Please read the following article carefully before trading as it describes the risks associated with high volatility tokens (meme coins). You should always carefully consider if the high volatility tokens are consistent with your risk tolerance, ...
    • Cryptocurrency Transaction Timings

      Cryptocurrency Transaction timings - across the network - may vary due to a variety of reasons. Factors that determine the transaction timings of Cryptocurrencies are also highly dependent on how the Cryptocurrency is structured. For illustrative ...