6 in 10 Singaporeans spend over $500 on first crypto buy

Monthly, crypto investors spend $500+ towards their portfolio.

Singaporeans have a healthy appetite for crypto investment, with more than half (65%) spending more than $500 on their first crypto purchase.

Data from the Independent Reserve showed that about a quarter (22%) of Singaporeans even spend $101-$500 for their initial crypto investments.

Some (21%) spend $1,001 - $5000.

Every month, the Independent Reserve found that 41% of current crypto investors still invest about $500+ towards their portfolio.

Only a few (18%) invest more than $1,000 monthly, declining by five percentage points from 2022.

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Independent Reserve

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