Buy Bitcoin with PayNow
PayNow is the fastest and cheapest way to buy Bitcoin in Singapore. Deposit SGD instantly with zero fees from any local bank.
What is PayNow?
PayNow is Singapore's national peer-to-peer funds transfer service operated by the Association of Banks in Singapore (ABS). It allows instant SGD transfers between participating banks and financial institutions using just a mobile number, NRIC/FIN, UEN, or QR code. PayNow is available through all major Singapore banks including DBS/POSB, OCBC, UOB, Standard Chartered, HSBC, Maybank, and Citibank.
For crypto investors, PayNow has become the preferred deposit method because transfers arrive within seconds, there are no fees charged by the exchanges, and it works around the clock -- even on weekends and public holidays. This means you can deposit SGD and buy Bitcoin at any time, day or night.
Exchanges That Accept PayNow
Coinhako
RecommendedSingapore-based exchange with the smoothest PayNow integration. Scan QR code in the app, funds arrive in under 30 seconds. Zero deposit fees. Read our full Coinhako review.
Independent Reserve
Lowest FeesAustralian exchange with strong SG presence. PayNow deposits are free and processed quickly. Combine with their low 0.02% maker fees for the cheapest Bitcoin purchases. Read our Independent Reserve review.
Crypto.com
Most FeaturesGlobal exchange supporting PayNow for SGD deposits. Offers 350+ cryptocurrencies plus a Visa crypto debit card. Read our Crypto.com Singapore review.
Step-by-Step: PayNow Deposit
Log Into Your Exchange Account
Open the exchange app or website and navigate to your wallet or deposit section. You must have completed KYC verification before depositing.
Select SGD Deposit via PayNow
Choose "Deposit," select SGD as the currency, and pick PayNow as the deposit method. The exchange will display a QR code or a unique reference number.
Open Your Banking App
Open DBS/POSB digibank, OCBC app, UOB TMRW, or whichever banking app you use. Navigate to "Scan & Pay" or "PayNow Transfer."
Scan the QR Code or Enter Details
Scan the exchange's PayNow QR code, enter the SGD amount you want to deposit, and confirm the transfer. Include any reference number the exchange provides.
Wait for Funds to Arrive
PayNow deposits typically arrive within 10-60 seconds. You will see the SGD balance update in your exchange wallet. You can now buy Bitcoin.
PayNow Deposit Limits
PayNow transfer limits depend on your bank, not the exchange. Most Singapore banks set a default daily transfer limit of S$5,000 to S$10,000 for PayNow, but this can be increased through your banking app or at a branch. Here are the typical limits for major banks:
| Bank | Default Daily Limit | Maximum Limit |
|---|---|---|
| DBS/POSB | S$5,000 | S$200,000 |
| OCBC | S$5,000 | S$200,000 |
| UOB | S$5,000 | S$200,000 |
| Standard Chartered | S$10,000 | S$200,000 |
Tip: If you need to deposit more than your daily limit, you can increase it via your banking app under security or transfer settings. Alternatively, use a bank wire transfer for larger amounts.
Advantages of Using PayNow
Instant Deposits
Funds arrive in seconds, allowing you to buy Bitcoin immediately. No waiting hours or days for bank processing.
Zero Fees
Neither your bank nor the exchange charges fees for PayNow deposits. You get to invest every dollar you transfer.
Available 24/7
PayNow works around the clock, including weekends and holidays. Perfect for buying Bitcoin dips at any time.
All Major Banks
Supported by DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, Citibank, and more. If you have a SG bank account, you can use PayNow.
Troubleshooting PayNow Deposits
Deposit not showing? Wait 5 minutes. If still missing, check that you included the correct reference number. Contact the exchange's support with your bank transfer receipt.
QR code expired? Some exchanges generate time-limited QR codes. Refresh the deposit page to get a new one.
Transfer limit reached? Increase your PayNow daily limit in your banking app, or switch to FAST/bank transfer for larger amounts.
Bank blocking transfer? Some banks flag transfers to crypto exchanges. Call your bank's hotline to whitelist the recipient.
Start Buying Bitcoin with PayNow
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