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Where to Buy Bitcoin Legally in Malaysia

#Cryptocurrency
2025-09-02 00:469 min read

Content Introduction

The video discusses the landscape of licensed cryptocurrency exchanges in Malaysia, highlighting key platforms such as Luno, Hot Digital, HATA, MX Global, Synergy, Tokeniz, and Torm International. It addresses the risks associated with unlicensed exchanges like Binance and emphasizes the importance of using secure, approved channels for trading. Each listed platform is examined for its offerings, regulatory compliance, fees, and unique features, catering to traders ranging from beginners to experienced users. Luno, for instance, holds a significant market share, while newcomers like Torm are making strides in the industry. Overall, the video is a comprehensive guide for anyone interested in exploring cryptocurrency trading in Malaysia.

Key Information

  • Many Malaysians use platforms like Binance, but these exchanges are not licensed by the Securities Commission Malaysia, which poses risks.
  • It is advisable to trade through officially approved exchanges that meet local security and transparency standards.
  • Luno is the leading regulated exchange in Malaysia, having grown significantly since its licensing in 2019 and handling over 87 billion ringgit in transactions.
  • Luno offers a user-friendly platform for depositing ringgit and is accessible via web and mobile apps, targeting both new and experienced traders.
  • Luno provides a selection of major cryptocurrencies and issues monthly proof of reserves for user security.
  • Hot Digital, launched in 2023, is gaining traction as a new exchange in Malaysia.
  • Hata is a unique dual-licensed exchange with competitive fees and a user-friendly interface, although it offers limited cryptocurrencies.
  • MX Global is a mobile-only platform with backing from Binance and offers incentives such as rebates on trading fees.
  • Tokeniz started in Singapore and now offers significant trading capabilities with over 20 cryptocurrencies and competitive fees.
  • Torum International is an emerging player combining social media and trading services, preparing to launch a payment gateway for crypto transactions.

Timeline Analysis

Content Keywords

Malaysian Crypto Exchanges

In Malaysia, many utilize platforms like Binance for trading, but these exchanges aren't licensed by the Securities Commission Malaysia, posing risks for users. It’s crucial to trade through licensed exchanges to ensure security and compliance.

Luno

Luno was one of the first licensed exchanges in Malaysia and currently dominates the market, holding over 90% share. The platform allows users to fund their accounts via various methods and supports several cryptocurrencies, ensuring transparency through monthly proof-of-reserves.

HATA Digital

HATA is a dual-licensed exchange in Malaysia offering a user-friendly platform with competitive trading fees and unique features such as instant buy/sell options and affiliate programs for referrals.

MX Global

MX Global is a mobile-only exchange that emphasizes simplicity for users starting out. It features competitive fee structures and referral benefits for new customers.

Synergy

Synergy is a Malaysian exchange known for its institutional-grade trading tools, allowing advanced users to track multiple markets and utilize detailed analytical features to enhance trading strategies.

Tokeniz

Tokeniz was established in Singapore and has expanded into the Malaysian market. It supports a wide range of cryptocurrencies with a slightly higher fee structure but offers free deposits in Malaysian ringit.

Torm International

Torm International is the newest player in the Malaysian crypto market, recently entering the exchange scene with the backing of prominent investors. They are set to launch a crypto payment gateway enhancing the integration of crypto into everyday transactions.

Related questions&answers

What exchanges are officially approved by the Securities Commission Malaysia?

The video discusses six exchanges that are officially approved, highlighting their compliance with local standards regarding security and financial practices.

What risks are associated with using unlicensed crypto exchanges?

Using unlicensed exchanges is risky because they are not regulated, which means users may face issues without support if something goes wrong.

What are the advantages of using Luno for cryptocurrency trading?

Luno is the first licensed exchange in Malaysia and dominates the market, offering a user-friendly platform, competitive fees, and a range of cryptocurrencies.

How can I fund my Luno account?

You can fund your Luno account using Touch and Go eWallet, FBX, or standard bank transfers.

What are the fees for trading on Hata?

Hata offers competitive fees with maker fees set at 0% and taker fees ranging from 0.1% to 0.4%. Instant buy/sell features incur a flat 1% fee.

Are there any special features with Tokeniz?

Tokeniz offers almost 20 major cryptocurrencies and has trading fees ranging from 0.05% to 0.6%. It also provides free Malaysian Ringgit deposits.

What is unique about Torm International?

Torm International is a new player that began as a crypto-focused social media platform and now offers a licensed exchange with competitive pricing.

What kind of tokens can I trade on Synergy?

Synergy supports five tokens, including Bitcoin, Ethereum, Ripple, Cardano, and Solana, along with institutional-grade trading tools.

Can I use mobile apps for trading these exchanges?

Yes, most exchanges mentioned, including Luno, Hata, and Tokeniz, are accessible through mobile apps for on-the-go trading.

What should I consider if I'm new to cryptocurrency trading?

Beginners should look for user-friendly platforms, consider the fees and supported tokens, and choose regulated exchanges for safer transactions.

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