How To Buy Cryptocurrency Like Bitcoin Ter Malaysia

Ellia Pikri

Now is one of the best times to own Bitcoin—but only if you bought it last year.

That doesn’t mean you’re out of the cryptocurrency gold rush, fortunately. Everything inbetween Dogecoin, Ethereum and NEM are all still an chance for users to hedge their bets, however options for Malaysians to buy can be limited.

Just keep te mind how volatile thesis cryptocurrencies usually are—more volatile than Bitcoin even, which relies on its founding ideology to drive more stability.

With enough smarts and research, you might also still benefit from buying Bitcoin even today.

Joy Fact: Bitcoin wasgoed born out of the financial depressie of 2008, which drove request for currency that is not managed by a central authority. It aims to fix the problem by capping the maximum number of Bitcoins that can everzwijn be ter circulation and the rate fresh Bitcoins can be produced.

So if you’re an extreme beginner who is nosey about how to own your very own chunk of cryptocurrency, here’s where to get them.

Before you make any serious purchases, read up about cryptocurrency wallets and how to secure them. Attempt to stick to officially endorsed wallets, and be careful of malware pretending to be wallets.

What you need:

1. A wallet software.

Two. An ID (your I.C., passport, etc.)

Two. Ringgit to trade with.

Spil a fair warning, wij’ve received reports of Bitcoin owners ter Malaysia whose wallets were suspended from transferring into Malaysian canap accounts, lasting approximately a month. Do bear this ter mind before you commit your money to any wallets. Wij think a good rule of thumb is to only buy cryptocurrency with money you can afford to lose.

The list below is curated based on platforms that have a substantial presence ter Malaysia, either through good reputation, or those who are run by Malaysians, spil far spil wij can find.

Exchanges

1. Luno

What you can get: Bitcoin and Ethereum

Luno permits you to trade Ringgit with cryptocurrency directly. This Singaporean app is most likely the most trusted Bitcoin platforms ter Malaysia, and for good reason. Deposits are free, and withdrawal fees range from 0% to 1%. You’ll get your cryptocurrency pretty prompt after making a purchase too.

Wij bet being available spil an app helps too.

However, you can only deposit contant using canap transfers ter Malaysia. And it’s not advised to store Bitcoins ter their wallet service.

Two. Coinhako

What you can get: Bitcoin, Ethereum

Coinhako is a beginner-friendly exchange that also offers a secure wallet on top of its services. Its customer service is one of its top features, backed by some of Silicon Valley’s vooraanstaand investors. It charges 0.9% for both buying and selling, especially using the Ringgit or Singapore Dollar.

Coinhako’s rates and fees are said to be fairly competitive too.

Payments can be done cheapest using handelsbank transfers from Malaysian accounts, however there is the option for Xfers wallet transfers or Telegraphic transfers.

Three. XBit Asia

It seems like XBit Asia wasgoed built specifically for Malaysia, spil it only trades Malaysian Ringgit with Bitcoin. It is said to be one of Malaysia’s leading Bitcoin tradings sites. XBit Asia charges a 0.8% trading toverfee.

This exchange also provides what is said to be a pretty secure wallet, and deposits are free too. They want to place a priority on security, spil well spil prompt processing services. Online support is also available 24/7.

Spil a joy little reserve, XBit Asia offers a merchant service which permits online shops to accept Bitcoin.

Peer-To-Peer

1. LocalBitcoins

LocalBitcoins is one of the thickest peer-to-peer Bitcoin trading sites online, which means that you’ll need to be careful of a user’s reputation (marked with a Terugkoppeling Score) before trading with them. Transactions that go through the toneel are run through its Escrow system to protect both parties. It charges a 1% toverfee on all transactions.

If you’re not keen on fastening your legal name to your Bitcoin, then LocalBitcoins along with other peer-to-peer services is your best bet. It’s one of the only exchanges that doesn’t require you to confirm your identity.

LocalBitcoins accepts all payment methods, with contant being the most popular.

Two. Coinexy

What you can get: Bitcoin, Ethereum, Litecoin and Dogecoin

Spil a Malaysian cryptocurrency exchange, Coinexy is now presently only available to Malaysian IPs. This peer-to-peer exchange toneel is special because it also accepts Litecoin and Dogecoin. So again, check a user’s trustability on the verhoging before agreeing to any transactions with them.

Spil one of the newer players te Malaysia, you should expect certain glitches or issues with the webpagina.

Read about how to trade on Coinexy here.

Trio. Remitano

What you can get: Bitcoin and Ethereum.

Remitano is another popular player te Malaysia. Similar to LocalBitcoins, Remitano works on a decentralised peer-to-peer system using Escrow for user protection. So again, checking a user’s reputation is key here. It also charges a 1% toverfee for all transactions. Logging your identity into the toneelpodium is recommended, but not required.

Customer service is also said to be a big plus.

Unlike LocalBitcoins however, Remitano has a system to point out its more trustworthy users by marking them spil frequent buyers.

Generally, users exchange cryptocurrency using contant or handelsbank transfers.

Bitcoin ATMs

1. Pinexc

Here’s a super effortless way to buy Bitcoins: just go to an ATM. Instead of tapping some buttons and getting specie, you instead waterput metselspecie into the machine and get Bitcoins ter your wallet. Pinkexc (M) Sdn Bhd ter Ipoh supports both buying and selling Bitcoin, with a 6% charge for both services.

One plus point for using an ATM is that you get your coins pretty much instantly, while also protecting your privacy spil you don’t need an ID to use an ATM.

The only one presently available te Malaysia is operating te Ipoh.

How Do I Buy Cryptocurrencies Other Than Bitcoin Or Ethereum?

Firstly, you’ll have to own either Bitcoin or Ethereum before you can embark on thesis following sites. Secondly, you’ll need a separate wallet for your other cryptocurrencies, and be careful not to mix up sending your coins or you might end up losing them.

While Bitcoin is generally traded against USD, do note that other types of currencies, like Ripple or Dogecoin, are usually traded against Bitcoin. This makes thesis currencies very volatile, even more so than Bitcoin. You can find out why here.

Here are some sites that you can get thesis alternate cryptocurrencies from.

1. Poloniex

Here is a list of currencies that you can trade on Poloniex, and their values.

Poloniex can seem a little dodgy because most of the brains behind the toneelpodium are kept secret. Nevertheless, it’s seen spil one of the world’s largest Ethereum exchanges ter 2018. It also receives the largest amount of traffic te the crypto-exchange industry.

It is one of the go-to places for serious crypto traders seeking fresh coins to trade te, partly because of its very detailed charts and good gegevens analysis implements.

Two. Bittrex

Here is a list of currencies that you can trade on Bittrex, and their values.

A USA-based verhoging, Bittrex’s fattest strength is te the sheer number of cryptocurrencies you can get on its podium. Only launched te 2014, this USA-based company touts a secure verhoging with a multi-stage wallet strategy.

It attempts to keep one step ahead, observing itself spil the next generation cryptocurrency trading. One of its strong points is also a consistent trading toverfee at 0.25%, which does set it bijzonder.

Shapeshift and Changelly are coin conversion devices. They can be used for similar purposes spil well. However, they do have less selections, and generally charge higher fees.

  • To embark off, get yourself some legitimate cryptocurrency wallets, your ID, and money to trade with.
  • Luno, Coinhako, XBit Asia can be used for traditional cryptocurrency exchanges
  • LocalBitcoins, Coinexy and Remitano do peer-to-peer purchases, a service that simply facilitates two users to buy and sell cryptocurrency.
  • There is a Bitcoin ATM te Ipoh called Pinkexc
  • To buy most cryptocurrencies other than Bitcoin or Ethereum, you’ll need to own some Bitcoin very first, and recall that it’s very volatile.
  • For currencies other than Bitcoin, you can go to Poloniex or Bittrex. You can also attempt Shapeshift and Changelly if you don’t mind the higher fees.

Related movie: Best Bitcoin Mining Hardware 2017


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