How to buy Bitcoin in Malaysia, The Easy Way

You also have seen Bitcoin peak at $65K. You’ve also heard the Hype, BTC will be $100,000 this year. Damn it, forget about everything and let’s FOMO into Bitcoin but you don’t know how to but Bitcoin in Malaysia. There is actually and easy way and a hard way of buying Bitcoin in Malaysia. Let me teach you the easy way.

How to buy Bitcoin in Malaysia

So you are someone who follows the law and wanted everything to follow law, even in buying Bitcoin. So how?

According to Securities Commission of Malaysia, there are only 5 entities that are registered and licensed in Malaysia to operate a digital assets exchange. The list are as below.

  1. Luno Malaysia Sdn. Bhd.
  2. MX Global Sdn Bhd
  3. SINEGY Technologies (M) Sdn. Bhd.
  4. Tokenize Technology (M) Sdn. Bhd.

Personally, I have tried only LUNO Malaysia (Referral link) myself. I have been using them from around 2016/2017 and if you remember how LUNO freezes withdrawal for months before withdrawal re-opened after they get a nod from BNM. Yeah , that was it.

LUNO, Luno Malaysia
Picture from https://www.luno.com/

I personally suggest you, the easiest way to buy bitcoin is Via LUNO Malaysia.

How To Do It?

  1. Download Luno Malaysia app from AppStore
  2. Register for an account following their instructions –
  3. Complete the KYC (Know your customer) – Uploading the proof of Identity and residential

Note to remember: Make sure you have setup a strong password and store it safely. Anything online is prone to scam and hacking so just be careful.

Your registration should be approved after a few hours to a few days. Once its approved, you can start buying and selling Bitcoin. The minimum deposit is also very low at MYR10 and there will be transaction fee of MYR0.70.

If you do not want to pay the transaction, you may deposit of minimum MYR100.00.

Have you tried the other listed exchange in Malaysia? Share your experience below.

 

Read More: 

How to Swap Coin Between Binance Smart Chain (BSC) to Terra Network

People Become Millionaire Overnight With Cryptocurrency

About Abegemok

Abegemok covers everything about trending news, crypto, money, bringing you the latest news in the market and having fun in between.

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