Buy
Ankr
in Singapore
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Learn More about buying ANKR in Singapore
How to buy Ankr in Singapore
Is ANKR a good investment in Singapore?
ANKR debuted on the market in March 2019 and was trading at about $0.012. Prior to the price increase becoming more pronounced in August of 2020, prices grew gradually. ANKR reached its peak at $0.019 at that time. ANKR's value increased by 500% by the end of 2020 to $0.0084. The biggest change to date for ANKR came in 2021. By the end of January, prices had risen to $0.012 and in February, they quickly surpassed $0.02 and $0.03 as well. When Ankr's market cap first surpassed $1 billion in March, the growth became exponential. On March 28, 2021, ANKR reached an all-time high of $0.22, marking the peak of the rapid increase. Ankr's market cap was over $1.3 billion at that point. The first week of April saw a price retracement and a drop below $0.12, followed nine days later by a retesting of $0.21. ANKR was able to recover $0.18 by the end of the month despite experiencing a further pullback of more than 50% in the second half of April. This represented over 2,000 percent gains for the year as a whole.
According to some cryptocurrency experts, the price of Ankr is expected to range between $1.15 to $1.32 in 2030 with the average price of around $1.23. But keep in mind that this is not a buy signal or a financial advice. We suggest buying into the cryptocurrency market after doing some research and consulting a professional.
What is ANKR ?
The history of the Ankr platform dates back to 2017. This platform aims to create an efficient blockchain framework that provides distributed cloud computing. In general, if we want to define the Ankr platform in a simple phrase, we can say that Ankr is a blockchain-based cloud infrastructure project. The purpose of blockchain infrastructures is to enable resource providers and end users to easily connect to blockchain technologies and DeFi applications. Ankr's proprietary cloud infrastructure operates independently of public providers and is powered by a distributed database to increase flexibility and stability.
Ankr uses blockchain technology as an essential part of the infrastructure to facilitate payments on the platform, measure globally distributed resources, process information from users or resource providers, and data center algorithmic suggestions through smart contracts.
Is Ankr legal to buy in Singapore
Yes. According to the Payment Services Amendment Bill by the Monetary Authority of Singapore (MAS), Digital payment tokens (DPT) or cryptocurrencies are not denominated in any currency but can be used as a form of payment. According to the Managing Director of the Monetary Authority of Singapore, cryptocurrencies can take the form of assets or items of value and can be legally managed through transactions.
Is Ankr taxed in Singapore
Yes and no. According to the E-Tax Guide by the Inland Revenue Authority of Singapore (IRAS), the Singaporean Government taxes crypto depending on the kind of activity that you are doing with the tokens. The profit made through crypto trading in the regular course of business would be subject to income tax. Because of this, any losses and gains you make must be recorded on an annual tax return so that you can report them to the Monetary Authority of Singapore (MAS).
But, according to the mentioned document by IRAS, since there are no capital gainsگ taxations in Singapore, capital gains obtained from the purchase of cryptocurrencies for long-term investment reasons are not subject to taxation in Singapore. In simple terms, if you buy cryptocurrency as a long-term investment and sell it with profit, you will probably be exempt from tax, but if you trade on a regular basis, you will be subject to Income Tax. For more information on individual tax rates visit IRAS.
After you've bought Ankr in Singapore
The native utility and governance token of Ankr platform, ANKR, has many uses, including paying for goods and services within the Ankr ecosystem and staking to generate passive income. ANKR is a utility token with a variety of applications. In addition to its use for staking, it can be used for protocol and dApp deployment, as well as voting on governance proposals. ANKR also serves as a reward for network participants.
Who can buy Ankr in Singapore
Anyone. In order to buy cryptocurrency in Singapore, you can buy crypto tokens from one of many crypto ATMs scattered across Singapore or use a cryptocurrency broker to buy and sell crypto assets. However, when it comes to convenience, your best option is to use a cryptocurrency exchange, which allows you to exchange fiat currencies to cryptocurrencies through various payment services such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange could be your best choice since it offers payments through the mentioned services and secure transactions with zero exchange fee costs for transactions.
Buy Ankr at your ease
Payment methods to buy Ankr in Singapore
Credit Card
Debit Card

Bank Transfer
Credit Card
Debit Card

Bank Transfer
PayPal
Google Pay
Apple Pay
PayPal
Google Pay
Apple Pay
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FAQ
Frequently asked questions
Ankr's cost-effectiveness, decentralization, personalization and compatibility with the environment are among the advantages of Ankr digital currency that make this digital currency popular among people. Also, ANKR has a capped max supply of 10 billion making it a scarce asset, like Bitcoin. After the maximum amount is reached, no new tokens will be released, meaning any increase in demand will drive up ANKR’s price. Plus, note that this is by no means a financial advice or is trying to encourage you for a purchase.
No. According to the E-Tax Guide by IRAS, if you use cryptocurrencies to pay for goods and services, the person who pays by cryptocurrency won’t be taxed but the business providing the goods or services will be taxed instead based on the value of the goods or services being provided. This is because cryptocurrencies are not the same as fiat currencies (meaning they aren't considered legal tender), and they are treated as intangible property for the purposes of income tax treatment. This might reduce the likelihood of businesses accepting your crypto tokens as a form of payment.
Yes. According to the E-Tax Guide by IRAS, crypto trading can be subject to income tax in Singapore, and in case you engage in crypto trading regularly, you should make a record of your transactions so that you can report them to the Monetary Authority of Singapore (MAS).
There is no established minimum amount assigned for purchasing Ankr. On our exchange, the minimum order size for buying ANKR is $10. Also, you have a variety of payment options to choose from. The transaction will be completed and displayed on your portfolio of cryptocurrency assets.
It is estimated that over 550 thousand people, 9.40% of Singapore's total population, currently own cryptocurrency.
ANKR currency can be stored in all kinds of hardware and software digital wallets. As you know, wallets in the world of cryptocurrencies are like your bank account, which you can safely store cryptocurrencies using the address provided by the wallet. Hardware wallets are among the wallets that are able to store Ankr's cryptocurrency. These wallets have high security, but due to their high price, fewer users work with these wallets. Another option is to keep your ANKR tokens safe through software wallets. You can also use the wallet offered by our exchange, which greatly simplifies trading ANKR cryptocurrency because it can connect to numerous trading options quickly.
