Hey, there fellow Bitcoin hodler! If you’re finding yourself in Singapore and looking to buy some Bitcoins using PayNow, you’ve come to the right place!
XanPool is a platform that connects you directly to local sellers willing to sell Bitcoin to you using PayNow. The process of buying Bitcoin is super simple. You send the money to the seller, and XanPool will make sure that once you’ve done so, the Bitcoins get sent to you immediately. Of course, before sending the money, you will have to verify your identity through our quick 3 minutes KYC process.
Steps on how to buy Bitcoin in Singapore using PayNow (Singaporean Dollars):
Create XanPool Account + Verify Account.
Start by clicking the “Sign Up” button on the top right-hand corner to sign up for your XanPool account. And make sure you follow the process to verify your account with XanPool.
Start a Transaction
Navigate to the XanPool website where you can buy Bitcoins in Singapore. and click on the Large “Xchange” button circled in Diagram 1.0
Next, click on the “Buy Crypto” tag displayed next to the red “1” displayed on diagram 2.0 to make sure you are buying cryptocurrency.
Select how much Bitcoin you want to buy in Singaporean dollars, as displayed in diagram 2.0 next to the red “2”.
Verify again that you are buying in Singapore, as displayed on diagram 2.0 next to the red “3”.
Enter your Bitcoin wallet address under “My Wallet”, as displayed on diagram 2.0 next to the red “4”. If you are temporarily unable to provide a Bitcoin wallet address, you can click the “XanPool Wallet” button in order to submit your wallet address later.
Once you are satisfied with the details of the transaction click on the “Xchange” button on the right side of the page, as displayed on diagram 2.0 next to the red “5”.
Make sure you make the payment within three minutes in order to lock in the rate of the Bitcoins. If your payment gets sent after the three minutes are over, your Bitcoin to SGD (Singaporean Dollar) rate may change. Don’t worry it should not take longer than 3 minutes! All you have to do is:
Send the money by manually entering it into your local banking application via the PayNow money transfer function. Just follow the transaction instructions as displayed in diagram 3.0, next to the red “1”.
If you have mobile banking, simply scanning the QR code displayed in diagram 3.0 next to the red “2”. This will automatically input the amount of money you are required to send, and input the text automatically. All you then have to do is confirm the transaction
Once you have sent the money, and your account’s compliance matters are in order, the Bitcoins will be sent to your Bitcoin wallet instantly
And THAT is how you buy Bitcoins in Singapore instantly using PayNow! (compatible with all local bank accounts)