Okay, so here’s the short version because I’m sure quite a lot of people want to know this.
You need 2 things:
- Local bank account
- Coinhako account
Okay, so let’s be quick.
SGD -> Bitcoin / Ethereum
Step 1: Open up a Coinhako account and do whatever verifications necessary
Step 2: Follow the instructions on Coinhako to transfer SGD from your bank to Coinhako
Step 3: Buy Bitcoins / Ethereum on Coinhako
Step 4: Keep your coins with Coinhako (not recommended) or transfer to a wallet where you own the private keys (recommended)
Bitcoin / Ethereum -> SGD
Step 1: Send all the coins you want to cash out to your Coinhako wallet
Step 2: Sell Bitcoins / Ethereum on Coinhako
Step 3: Make a withdrawal request to your bank account
Before you start throwing money in and jump onboard the crpyto train, there are a few things you …