PSA: Not your keys, not your crypto

Though this is a post about CEXs, I'd like to stress that once you deposit your crypto/fiat in these platforms, you no longer have full control over your funds. There's no guarantee these exchanges won't collapse like FTX did. I highly recommend getting a hardware wallet like Trezor or Ledger, or at least a hot wallet like Metamask, where you alone have control over what happens to your crypto.

I'm most definitely not a financial advisor so please do your own research and understand the risks involved.

If you told me FTX would collapse a month ago I would have said you were mad. It was my go-to exchange before it all went kaput - nice interface, decent selection of tokens, and most importantly, low fees and FREE withdrawals for most tokens. After the events of the past 72 hours, it's clear that nothing in this space is too big to fail, and the most important takeaway (yet, again) is: Not your keys, not your crypto.

In my quest to rebuild, I've been searching for other centralised exchanges that aren't banned in Singapore (*cough Binance*) to continue my trading. As a (very) small retail investor who trades a few times a week, I've found that the most important features of a CEX are: low trading fees and low (ideally 0) withdrawal fees.

Here's a list of 3 alternative CEXs that can be used in Singapore: 

This list is, of course, non-exhaustive and I may cover other options in the near future. Feel free to let me know in the comments if you have experience using any of these platforms or have others to recommend! 

Thank you for taking time to read my article. Tips/likes are very much appreciated - but either way, I hope you enjoyed it and found it helpful! :)