singapore

PAYMENT METHODS AND ONLINE CASINOS IN SINGAPORE

Top Casinos and Best Banking Options for Singaporean Players

Casino Banking Methods is the place for the most up-to-date information for online gambling markets. Singapore is one such market, with an ever-increasing number of Singaporean gamblers visiting online casinos. The convenience and lower costs of playing online make it an obvious pick for many casino members.

Our team went above and beyond looking for the trusted online casino Singapore. Below, you will find the casinos with the best offers for Singaporeans. Recommended websites also support many banking methods widely used in the country.

Betting in Singapore primarily boils down to physical locations and sports wagering. The country has two world-renowned casinos integrated into resorts. Additionally, sports betting is supported on licensed betting sites. The limitations are apparent, so it is no surprise many Singaporeans want more. That is why CasinoBankingMethods.com recommends several online casinos Singapore with many more casino games and payment methods.

While many people may not approve of gambling, Singaporeans are massively turning to online casinos to entertain themselves regardless. Finding a trustworthy and reputable website is vital, so we at CBM have compiled this market guide. Singaporean players looking for the best SG online casinos and local payment methods can find them on this page.

Best Singaporean Online Casinos

Picking an online casino that suits you best can be challenging for newcomers. That is why the CBM team picked out casinos that offer the finest gaming environment that can keep you entertained long-term. Our recommended websites have active licenses and games developed by reputable developers and certified as fair. We also put a particular focus on our specialty: available banking methods. You will find trusted online casinos in Singapore below.

Melbet

88.33%

18+ | New Customers Only |

T&C Apply
  • Over 8,000 casino games
  • 120+ game providers
  • Wide range of payment methods

18+ | New Customers Only |

T&C Apply

22Bet

89.67%

18+ | New Customers Only |

T&C Apply
  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

18+ | New Customers Only |

T&C Apply

888 Casino

87.67%

18+ | New Customers Only |

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  • 11 gaming licences
  • In business since 1997
  • Top-notch live casino

18+ | New Customers Only |

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LV BET

88.17%

18+ | New Customers Only |

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  • Excellent reputation
  • Multilingual support team
  • Fast withdrawals

18+ | New Customers Only |

T&C Apply

BetWinner

89.83%

18+ | New Customers Only |

T&C Apply
  • 10,000+ casino games
  • 200+ live dealer tables
  • 140+ payment methods

18+ | New Customers Only |

T&C Apply

1xBet

82.83%

18+ | New Customers Only |

T&C Apply
  • Over 6,500 RNG games
  • More than 300 live dealers
  • 160+ payment methods

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Singapore

Picking a suitable payment method can drastically improve your online casino experience. The peace of mind that comes from a secure banking option is undeniable. However, players also demand fast transactions and the convenience of an established payment service. CBM compiled a list of the most frequently used payment methods supported by Singaporean online casinos. Give them a go and see which ones suit your needs best.

82%
Help2Pay logo
Review & Best Casinos
  • Fast direct bank transfers
  • No fees
  • You don’t need an account
Read Review
82%
PayTrust88 logo
Review & Best Casinos
  • Fast transaction speeds
  • Casino deposits & withdrawals
  • No user registration
Read Review
92%
Visa Logo
Review & Best Casinos
  • Fast casino transactions
  • Available around the globe
  • 165 supported currencies
Read Review
91%
Mastercard logo
Review & Best Casinos
  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Read Review
90%
ecoPayz Logo
Review & Best Casinos
  • Fast casino payments
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
MuchBetter logo
Review & Best Casinos
  • Available around the globe
  • Designed with iGaming focus
  • Fast deposits & withdrawals
Read Review
87%
Skrill logo
Review & Best Casinos
  • Instant deposits & withdrawals
  • Safe and reliable e-Wallet
  • Widely accepted at casinos
Read Review
86%
Neteller Logo
Review & Best Casinos
  • Fast casino withdrawals
  • Highly secure option
  • Cryptocurrencies supported
Read Review
86%
Bitcoin Logo
Review & Best Casinos
  • Fast and secure transactions
  • Free casino deposits & withdrawals
  • High maximum cashout limit
Read Review
86%
Bank Transfer logo
Review & Best Casinos
  • Trusted, traditional method
  • Widely available
  • Supports deposits & withdrawals
Read Review
86%
Ethereum logo
Review & Best Casinos
  • The safest cryptocurrency
  • Constantly updated and improved
  • More stable than BTC
Read Review
85%
Apple Pay logo
Review & Best Casinos
  • Operated by Apple Inc.
  • Maximum security
  • Low fees
Read Review

Laws and Regulations on Online Gambling in Singapore?

Regulation icon

Gambling was briefly legal in Singapore during British rule in 1923. However, the legal period led to increased crime and gambling addiction, resulting in gambling being criminalized again within three years. Even after the country gained independence, gambling was limited to government-run lotteries and horse races.

2005 saw Singapore start planning to launch two integrated resorts with casinos. The country did this to attract tourists, though these casinos were also open to the Singaporean public. However, local players have to pay a hefty fee upon entering the casino, meant to discourage them from playing. Because of the cost, many Singaporean gamblers play in cruising casinos sailing in international waters outside Singapore’s control.

The country formed the Casino Regulatory Authority (CRA) in 2008 to oversee all casino-based activity. Law changes then consolidated several gambling control agencies into the Gambling Regulatory Authority (GRA) in August 2022. The GRA oversees legal gambling and is responsible for restricting remote gambling.

Certificate icon

Online gambling in Singapore is heavily restricted. You are limited to sports betting, horse racing, and lotteries in licensed online casinos. Unsurprisingly, Singaporeans are increasingly finding their entertainment in offshore online casinos. These websites have no game limits: they feature video slots and live casino games players otherwise cannot enjoy. Simultaneously, these online casinos support local banking methods and Singaporean dollars.

Local restrictions do mean banks often block payments to SG online casino websites. Because of that, we recommend casino members employ other payment methods that do not have these issues.

Singapore’s current situation shows little sign of change. However, we doubt it will continue indefinitely. Despite local limitations, the number of Singaporean players continues to increase at online casinos. As more casino members opt for unofficial options, the country will have to expand its regulations to match. Otherwise, it will lead more people into the grey gambling area and tax revenue loss.

Can Casinos That Accept Singaporean Players Be Trusted?

Handshaking icon

Online casinos have top-tier support for Singaporean players. However, not all websites are made equal. Some websites give us more reason to trust them: better licenses, third-party certifications, and more. Licenses are the primary items we check for. We especially look for those issued by reputable regulators such as the Malta Gaming Authority. Licenses from these regulators ensure casinos play fair.

We also look at what jurisdiction the casino is based in. Some respected jurisdictions are Kahnawake, Gibraltar, the Isle of Man, and Curacao. We also check if the casino has active oversight from organizations like eCOGRA, which confirm available casino games are fair.

Fair gaming icon

By looking at these details, we can confirm the operator is not trying to trick players. Regulations and certifications ensure that casino games are fair and that websites follow all relevant rules. The best online casino Singapore websites proudly display all licenses and certificates on the homepage. Our team always looks for this information when reviewing sites, ensuring we only recommend the best casinos.

Best Casino Bonuses for Singaporean Players

With so many competitors, online casinos always strive to find a way to stand out. Online gambling in Singapore follows the same rules, with numerous exciting bonus offers waiting for players to claim them. International websites offer bonuses to Singaporeans, with rules defined by their bonus policies.

No matter how many bonuses are available, you should read the bonus terms in great detail before accepting. The terms list all rules that apply to promotions, which is why studying them is essential. The CBM team always looks for the best promotions with transparent bonus terms.

50 Free Spins No Wagering
Get Bonus
PlayOJO

Free Spins

No Wagering

Welcome Package

None

Ongoing

€10

No maximum

96%

100% up to £25 + 20 Free Spins
Get Bonus
Casumo

Deposit

Welcome Package

Not needed

30x

Ongoing

£10

No maximum

82%

100% up to 1 BTC + 180 Free Spins
Get Bonus
Bitstarz

Deposit

Welcome Package

Not needed

40x B

Ongoing

€20 (0.006 BTC)

No maximum

75%

100% up to €500 + 100 Free Spins
Get Bonus
King Billy

Deposit

Free Spins

Not needed

30x B

Ongoing

€10

No maximum

82%

100% up to £100
Get Bonus
All British

Deposit

Not needed

35x B

Ongoing

£20

No Maximum

79%

100% up to €300
Get Bonus
22Bet

Deposit

Not needed

50x B

Ongoing

€1

No maximum

68%

300% up to $2,000 + 180 Free Spins
Get Bonus
Drake

Deposit

Free Spins

Not needed

60x (D+B)

Ongoing

$25

No maximum

44%

100% up to €100 + 150 Free Spins
Get Bonus
Vbet

Deposit

Free Spins

Not needed

35x B

Ongoing

€1

€1,000

68%

Local Payment Methods to Consider

Singapore banking icons

Having the option of using payment methods you are already familiar with is convenient. Casino Banking Methods specializes in finding local payment methods supported by online casinos. When looking at the best Singapore casino sites, we try to find places that let us deposit with familiar payment methods. Going for local payment methods brings several advantages.

Local payment methods allow players to deposit and withdraw in SGD without having to deal with currency conversion. Most Singaporean casino banking options interface with payment methods you already use. It all comes down to what you want to use. Players from Singapore should consider using Eezie Pay, Help2Pay and PayTrust88.

All three payment methods allow casino members a convenient connection to existing banking options. In addition, they offer a gateway to pay for your casino transactions without the hassle of blocked transactions. Singaporean vendors use all three payment methods for online transactions. Because of that, most players already have experience with Eezie Pay, Paytrust88, and Help2Pay.

Depositing with SGD Currency

Singapore dollar symbol

Currency conversion is something all players try to avoid. Moving funds from one currency to another incurs fees most of us prefer to avoid. Because of that, our recommendations always prioritize websites that support depositing, playing and withdrawing with SGD. Fortunately, there is no shortage of live casino Singapore websites that allow you to use SGD as your primary currency.

Players can also play with cryptocurrencies like Bitcoin (BTC). Similar to playing in other currencies, you eventually have to deal with currency conversion going back to the Singaporean dollar. Additionally, some websites allow you to deposit and withdraw with crypto, but you cannot play using it.

Fun Facts

  • When it was a British colony, Singapore had a brief period during which gambling was legal. However, the law did not last for three years before the government repealed it. After the law failed, gambling was restricted to government-run lotteries and horse races.
  • The country had no real-world casinos before its two integrated resorts launched. Protests from activist groups led to gambling restrictions for players with steep fees for local players.
  • Singapore has four players who have won over one million dollars playing poker. These poker players are Alex Xiang Wei Lee, Wayne Yap, Diwei Huang and Kenneth Kee Wee Kiang.
  • The first gambling games came in the form of cockfighting and other games. This led to the rise of gambling farms in the 1800s, which eventually became illegal and disappeared.
  • Singapore is one of the only three city-states in the world, alongside Monaco and Vatican City. It is also among the twenty smallest countries in the world.
  • The country used to have several agencies that regulated and oversaw gambling in Singapore. In August 2022, the government combined these agencies into the Gambling Regulatory Authority.

FAQ

SGD online casinos use Singaporean dollars to deposit, withdraw, and wager bets. Most online casino Singapore websites accept SGD and many other currencies.

The Singaporean government has laws against remote gambling in unauthorized online casinos. However, government-licensed websites allow wagering on sports betting, horse racing, and lotteries. Overseas casinos offer more casino games and promotions but officially are not supported. That does not stop many players from Singapore from signing up and playing on these websites.

Singapore’s law restricts remote gambling in unauthorized online casinos. Because of that, not all payment methods are available to casino members. However, you can use one of the CBM-recommended payment methods to deposit funds without issues.

According to the Inland Revenue Authority of Singapore, winnings received from windfalls are not considered income. Therefore, Singaporeans do not have to pay taxes on gaming wins.

Choosing the best online casino in Singapore comes down to what you value in a website. Players enjoy different games and titles, which is why they might prefer some casinos over others. Instead of telling you the best option, we write unbiased reviews and highlight them. Consult our ratings, read the reviews, and pick the casino that best suits your tastes.

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