Singapore has rapidly emerged as a global hub for cryptocurrency adoption. According to recent studies, awareness and ownership of digital assets among Singaporeans are at an all-time high, with a significant portion of the population now familiar with or invested in cryptocurrencies like Bitcoin and Ethereum.
As the use of digital currencies becomes more mainstream, an increasing number of businesses in Singapore are starting to accept crypto payments. Whether you're shopping for fashion, dining out, buying pet supplies, or even investing in precious metals, you can now use your cryptocurrency holdings to make purchases.
Fashion and Accessories
Charles and Keith
Charles and Keith is a well-known Singaporean fashion brand that offers a wide range of footwear, handbags, and accessories. Founded in 1996, the company has expanded globally with over 600 stores across 37 countries.
The brand has embraced digital innovation by accepting cryptocurrency payments both online and in physical stores. Shoppers can use Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to purchase their products.
👉 Explore fashion retailers accepting digital payments
Locations: Multiple stores across Singapore
Payment Methods: BTC, ETH, USDT
2ToneVintage
For luxury watch enthusiasts, 2ToneVintage offers an extensive collection of vintage timepieces from prestigious brands like Rolex, Patek Philippe, and Omega. The store provides free worldwide shipping and a one-year warranty on all purchases.
Through a partnership with a payment processing service, 2ToneVintage accepts multiple cryptocurrencies including Bitcoin, Ethereum, USDT, and USDC.
Address: 428 River Valley Road, #01-11, Singapore 248327
Payment Methods: BTC, ETH, USDT, USDC
Food and Dining
Uchu Wasi
Uchu Wasi brings Latin American flavors to Singapore with its unique selection of ingredients and products. Established in 2008, this specialty store and restaurant promotes Latin American culture through authentic cuisine and beverages.
The business accepts a wide range of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, USDT, USDC, Litecoin, and others. They offer islandwide delivery and even provide recipes for customers looking to recreate Latin American dishes at home.
Address: 1 Scotts Road #24-10
Payment Methods: Multiple cryptocurrencies
JooBar
JooBar offers a modern Korean dining experience in a beautifully restored heritage shophouse. The establishment features creative Korean dishes and drinks in a relaxed atmosphere with a touch of contemporary edge.
What sets JooBar apart is their implementation of the Bitcoin Lightning Network, which enables customers to make small purchases like coffee or drinks with Bitcoin while minimizing transaction fees.
Address: 5 Tan Quee Lan St, Singapore 188094
Payment Methods: Bitcoin (via Lightning Network)
Sarnies Café
This popular café in Singapore's downtown area captures the relaxed vibe of Melbourne's coffee culture. Sarnies serves freshly prepared sandwiches, salads, baked goods, and quality coffee.
Since December 2021, Sarnies has accepted cryptocurrency payments including Bitcoin, Ethereum, Binance Coin, Tether, Solana, and other major digital currencies.
Address: 136 Telok Ayer St, Singapore 068601
Payment Methods: BTC, ETH, BNB, USDT, SOL, and others
Specialty Retail
Kibbles
Kibbles is an online pet supplies store offering food, treats, grooming products, and accessories from popular pet brands. The company provides fast delivery within two working days and additional services like expert pet advice and automatic recurring deliveries.
Pet owners can shop using various cryptocurrencies including Ethereum, Bitcoin, Dogecoin, and USDC.
👉 Discover more retailers accepting alternative payment methods
Website: kibbles.sg
Payment Methods: ETH, BTC, DOGE, USDC, and others
BullionStar
For those interested in precious metals, BullionStar is a Singapore-based bullion dealer offering gold, silver, and platinum products. The company provides a complete service including purchasing, selling, and secure storage of precious metals.
BullionStar accepts cryptocurrency payments for bullion purchases and even offers crypto payments when customers sell their metals back to the company. They accept Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Address: 45 New Bridge Road, Singapore 059398
Payment Methods: BTC, BCH, ETH, LTC
Gift Cards and Services
Bitrefill
Bitrefill offers a unique approach to spending cryptocurrency by allowing users to purchase gift cards for various retailers and services. Instead of searching for businesses that directly accept crypto, users can buy gift cards for major supermarkets, gaming platforms, and travel companies using their digital assets.
The platform also enables mobile phone top-ups and other services using cryptocurrency, making it one of the most versatile options for crypto holders in Singapore.
Website: bitrefill.com
Services: Gift cards, mobile top-ups, and more
Frequently Asked Questions
What cryptocurrencies are most commonly accepted in Singapore?
Bitcoin and Ethereum are the most widely accepted cryptocurrencies, followed by stablecoins like USDT and USDC. Some businesses also accept alternative coins like Litecoin, Bitcoin Cash, and Dogecoin.
Are there transaction fees when paying with cryptocurrency?
Transaction fees vary depending on the cryptocurrency used and the payment processing method. Some implementations like the Lightning Network significantly reduce fees for small transactions.
How can I find more businesses that accept cryptocurrency in Singapore?
You can use online directories and maps specifically designed to locate crypto-friendly businesses. These platforms are regularly updated as new merchants begin accepting digital currency payments.
Is it safe to pay with cryptocurrency at retail stores?
Transactions are generally secure when using established cryptocurrencies with proper wallet security. However, users should ensure they're using legitimate payment channels and maintain appropriate security measures for their digital assets.
Do I need to pay taxes on cryptocurrency purchases in Singapore?
In Singapore, using cryptocurrency for payment of goods and services is generally not subject to Goods and Services Tax (GST). However, tax regulations may vary based on individual circumstances, so it's advisable to consult with a tax professional.
Can I get refunds for cryptocurrency purchases?
Refund policies vary by merchant. Some may offer refunds in the equivalent fiat currency value, while others might process returns in cryptocurrency. Always check the store's refund policy before making purchases with digital assets.
Singapore continues to solidify its position as a leading cryptocurrency hub with growing merchant adoption. As digital assets become more integrated into everyday commerce, consumers can expect even more opportunities to utilize their cryptocurrency holdings for both everyday purchases and specialty items.
Always remember to research and understand both the cryptocurrency ecosystem and individual merchant policies before making transactions. The landscape of crypto payments continues to evolve rapidly, offering Singaporeans increasingly convenient ways to spend their digital assets.