How To Buy Bitcoin te Malaysia

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January 26, 2018 – Posted by Bobby Ong on Guides

Ter our series of articles on how to buy bitcoin ter Asia, wij will very first take a look at how to buy bitcoin te Malaysia. Bitcoin (BTC Price is at RM799 at time of writing) has historically bot rather difficult to obtain te Malaysia and there wasgoed large friction te getting hold of this cryptocurrency. Gratefully with the opening of a duo fresh exchanges ter 2014, the process is now much lighter. This article will give a high-level introduction on where you can buy bitcoin ter Malaysia.

1. Luno

Luno (previously known spil BitX) is one of the latest exchanges to suggest bitcoin trading services despite having its headquarters ter Singapore. Founded by Marcus Swanepoel ter January 2013, Luno concentrates on emerging markets such spil Singapore, Malaysia, Indonesia, Nigeria and South Africa. Te July 2018, Luno raised a US$Four million Series A funding round from Naspers, a South African media conglomerate and Digital Currency Group. Te December 2018, Luno raised a further funding round from Venturra Renta, a South East Asian focused VC rock-hard. Luno also has slick iOS and Android apps for users.

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Two. Remitano

Remitano is a peer-to-peer Bitcoin marketplace where users can buy or sell bitcoin with each others. Remitano is incorporated te Seychelles and is operational te the United States, Australia, Malaysia, Nigeria, Vietnam, Cambodia and China. Remitano provides an added level of protection by acting spil an escrow for each trade. When a buyer wants to purchase bitcoin from a seller, the bitcoin is transferred from the seller’s wallet and is held by Remitano until the trade is finished. If there is any dispute, Remitano’s support team will mediate based on evidences provided by each side.

Trio. Localbitcoins.com

Localbitcoins is not an exchange but a marketplace where buyers and sellers can meet online or ter person to trade bitcoin. Its importance spil a place to buy bitcoin should not be misplaced. It is useful spil a place for people to purchase their very first bitcoin without going through much KYC (Know-Your-Customer) procedures spil customarily required by exchanges. Trading on Localbitcoins is generally more risky so be careful and only buy from traders with good reviews.

Four. CoinHako

CoinHako is the very first Bitcoin startup te Asia to be picked by Silicon Valley-based incubator Boost VC. Founded by Yusho Liu and Gerry Eng, CoinHako has bot called &ldquo,the best company coming out of Singapore&rdquo, by Adam Draper, CEO of Boost VC. Recently, CoinHako expanded their operations to Malaysia. CoinHako is a bitcoin broker and makes it indeed elementary to trade bitcoins with only a few clicks to buy or sell bitcoins. There is no bid/ask spread or order matching to manage on CoinHako. CoinHako charges a 1.9% commission toverfee for each trade. Use the COINGECKO promo code to get discounted trading fees of 0.7%.

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Five. CoinBox

CoinBox is a Malaysia-based Bitcoin exchange that embarked operations te October 2014. Operating under the company name Toegevoegd Trade Sdn Bhd (1109708-H) with a registered address ter KL Sentral, it offers live talk agents for customers with any support issues. There are no trading fees on Coinbox but withdrawals te Malaysian Ringgit are charged at 1%. Ringgit deposits are processed automatically and usually within minutes. Withdrawals are processed several times daily and are ended within the same day. CoinBox operates 24/7 including weekends and public holidays.

6. btc.my

btc.my is headed particular Bitcoin entrepreneur, Arsyan Ismail through his company 1337 Tech Sdn. Bhd. Arsyan, who is also the founder of cryptomarket.my has his palms utter on several Bitcoin initiatives te Malaysia. Some of his other projects include a Bitcoin Point-of-Sale terminal, Bitcoin ScratchCard and also a Bitcoin bill payment system for the Malaysian market. According to Arsyan, the largest challenge to Bitcoin acceptance te Malaysia is that most people still find it very hard to understand the concept.

7. Wirex

Wirex is a London-based startup that market itself spil a &lsquo,hybrid individual banking podium&rsquo, which enables its users to combine the speed and plasticity of bitcoin with the acceptance of US Dollar, British Pound and/or Euro into everyday finances. Previously known spil E-Coin, a leading bitcoin debit card provider, Wirex supports &lsquo,buy bitcoin&rsquo, feature to many countries around the world including Malaysia. Malaysians can buy bitcoin through PayPal, Handelsbank Transfer and APMs (Alternative Payment Methods). Besides the capability to buy and spend bitcoin lightly with the Visa/MasterCard-linked bitcoin debit card, the podium also integrates advanced mobile banking and instant remittance services. You may go after the step-by-step tutorial to learn more. Also, do read our review of Wirex.

3 thoughts on “How To Buy Bitcoin te Malaysia

  1. Binance will increase te price, because they are waiting for another searing of their tokens and it is thesis deeds that will bring coins to a natural look and price, and not spil others do that billions of tokens of one project are created and te the end they are not needed by anybody, this is not serious.

  2. People that are frightened are those who don’t yield to the advice that don’t leave your fund on exchanges. Binance iss one of the exchange I personally like and has scaled well te latest month but the team need to be very security conscious because it is going to be target for hackers

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