Singapore users can enjoy secure and instantaneous Fiat Wallet transfers with the FAST networkAPR 19, 2022
Crypto.com App users in Singapore can now enjoy zero-fee deposits and withdrawals using FAST (Fast and Secure Transactions). With a simple setup process, FAST gives users a quick and secure way to fund their account for crypto purchases.
In addition, users can enjoy a higher deposit and withdrawal limit of SGD 200,000 per transaction. Crypto.com does not charge any fees. However, fees may be applied by users’ bank and/or their intermediary banks, and any such fees shall be borne by users entirely.
What is FAST?
FAST (Fast and Secure Transactions) is a real-time interbank funds transfer service that enables customers of the participating banks to transfer Singapore Dollar funds from one bank to another in Singapore securely and almost instantly.
How It Works
To enjoy zero-fee deposits via FAST, first connect your bank account by making a deposit. Simply follow the steps below:
- Set up your Fiat Wallet by adding SGD as a new currency and accepting the Terms and Conditions.
- Select ‘Link Bank Account’ to connect your bank account to your SGD Fiat Wallet.
- Enter your bank account details and the SGD transfer amount. Make sure the name on your bank account matches the name associated with your Crypto.com account.
- Review your deposit details and tap ‘Confirm’.
Note: Your first deposit may take one to two business days to be processed. Once the bank account is verified and connected to your SGD Fiat Wallet, subsequent deposits will be instant and you will be able to use the funds to buy crypto almost immediately.