How to safely buy Bitcoin in (2021)
A guide to buying Bitcoin and cryptocurrencies quickly and securely in Malaysia. Review and compare the best Bitcoin exchanges as a resident of Malaysia to get started.
How to buy Bitcoin in Malaysia
Buying Bitcoin in Malaysia is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Where to buy Bitcoin in Australia
Review and compare the best cryptocurrency exchanges in Malaysia to find the fastest and most secure way to make your first Bitcoin purchase.
Most Trusted Bitcoin exchange for Malaysia
Luno is a well known Bitcoin exchange across Asian countries like Malaysia, Indonesia and Singapore. They offer 0% fees for market makers, which means that if you do not instantly buy Bitcoin, but leave an order for a seller to come and take it, you will not pay any fees.
Their platform is a great option for users in Malaysia looking to purchase Bitcoin
Pros
- Instant buy feature for users
- iOS and Android app
- Well regarded across Asia
Cons
- Fees on instant buy feature can be expensive
Buy Bitcoin with a Debit Card or Credit Card in Malaysia
Coinmama is one of the only exchanges in Asia that enables users to buy Bitcoin and other cryptocurrencies with a Credit Card and Debit Card.Their instant buy feature lets you quickly purchase and crypto and withdraw it automatically to your Bitcoin wallet.
Coinmama are trusted by over 2.4 million users around the world in 188 different countries.
Pros
- Buy Bitcoin with a Debit Card and Credit Card in Malaysia
- Very high limit for Bitcoin purchases with a Credit Card
- Globally renown and trusted brand
Cons
- High fees when using a Debit Card or Credit Card
Peer to peer (P2P) Bitcoin exchange
Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.
Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.
Pros
- The best choice for privacy
- Requires no personal information
- Instant purchases available with cash
Cons
- Users must be careful of scams
- Slightly higher Bitcoin price than exchanges