Send USD To FTX From Singapore (5 STEPS)
Here is a step-by-step guide on using DBS Remit to send USD to FTX from Singapore, and you will not incur any fees.
* DISCLAIMER: I received my funds transfer within 15 minutes as I was doing this during Silvergate Bank’s opening hours in US time (0900 – 1700 Pacific Time, Mondays to Fridays).
I would suggest that you deposit your funds on a weekday at around 9pm to receive your funds within a short period of time.
If you send over your funds on a weekend, your deposit will only be processed on Monday 0900 Pacific Time!
DBS has a less favourable exchange rate compared to brokers like Tiger Brokers or moomoo, and it may be advantageous to exchange SGD to USD on either platform, instead of using the rates offered on DBS. (See below for step-by-step guides!)
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– TEXT GUIDES –
Depositing USD and SGD from Singapore To FTX: https://thefipharmacist.com/how-to-deposit-to-ftx-from-singapore/
Exchanging Currency On Tiger Brokers: https://thefipharmacist.com/how-to-exchange-currency-in-tiger-brokers/
Withdrawing USD From Tiger Brokers To A DBS Bank: https://thefipharmacist.com/deposit-and-withdraw-usd-tiger-brokers/
Withdrawing USD From moomoo To A DBS Bank: https://thefipharmacist.com/deposit-and-withdraw-usd-moomoo/
– RELATED VIDEOS / PLAYLISTS –
FTX Guides: https://www.youtube.com/playlist?list=PLYUvpGY4wSXv6TSiQ56Ha_kquq9YcbtvS
Singapore Crypto Guides: https://www.youtube.com/playlist?list=PLYUvpGY4wSXvQTcPukCDuxYEpnVQEjX1V
– RESOURCES –
DBS Remit: https://www.dbs.com.sg/personal/deposits/pay-with-ease/international-transfers
Standard Chartered Remit: https://www.sc.com/sg/bank-with-us/remittance/
Depositing Fiat To FTX: https://help.ftx.com/hc/en-us/articles/360042050452-Depositing-Withdrawing-Fiat-
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– TIMESTAMPS –
0:00 Intro
0:10 Step 1
0:23 Step 2
1:28 Step 3
1:54 Step 4
3:13 Step 5
4:02 Confirming The Transfer
4:20 Depositing SGD To FTX?
4:38 Outro
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