It’s never been easier to buy Bitcoin in Malaysia. Whether you’re a first-time crypto user or an experienced Bitcoin investor, there are more options than ever when it comes to owning and using cryptocurrencies in Malaysia.

In this guide, we’ll cover everything you need to know about how to buy Bitcoin in Malaysia. We’ll cover the top crypto exchanges you can use to buy Bitcoin, take a closer look at whether Bitcoin is a good investment, and walk you through the steps to get started. Keep reading to buy your first Bitcoin today!

How to Buy Bitcoin Malaysia – Quick Guide

Want to buy Bitcoin in Malaysia right away? You can get started in minutes by following these simple steps.

Step 1: Open an account with Crypto.com. Crypto.com is the top-rated crypto exchange in Malaysia. Download the app for iOS or Android and sign up online using your email address.

Step 2: Deposit funds. Make a deposit to Crypto.com with a credit card, debit card, or bank transfer. The minimum amount of Bitcoin you can buy is $1 (around 4.5 ringgit).

Step 3: Search for Bitcoin. Find Bitcoin in the Crypto.com app or enter BTC in the search box. When Bitcoin appears, tap on it and then tap Buy BTC.

Step 4: Buy Bitcoin. Enter the amount of Bitcoin you want to buy and Crypto.com will display the corresponding amount in US dollars. When you’re ready, tap Buy BTC to complete your purchase.

Cryptoassets are a highly volatile unregulated investment product. 

Where to Buy Bitcoin in Malaysia

One of the first steps you need to take to buy Bitcoin is to figure out where to buy Bitcoin in Malaysia. The good news is that there are dozens of crypto exchanges in Malaysia that offer Bitcoin trading with low fees and a wide range of payment options.

We’ll take a closer look at the 3 best crypto exchanges available in Malaysia today.

1. Crypto.com – Overall Best Exchange to Buy Bitcoin in Malaysia

Crypto.com LogoCrypto.com is our top-rated crypto exchange in Malaysia today. At Crypto.com, you can buy Bitcoin along with more than 250 other popular cryptocurrencies.

The Crypto.com app for iOS and Android is incredibly simple to use and makes the process of buying Bitcoin easy for first-timers.

Crypto.com charges some of the lowest fees in Malaysia for buying and selling Bitcoin. There are no fees when you make a deposit with a bank transfer, and credit and debit card fees are waived for the first 30 days after you join the exchange. If you take advantage of Crypto.com’s spot trading platform, maker and taker fees start at just 0.4%. In addition, Crypto.com offers free withdrawals in Bitcoin.

Crypto.com

This exchange also has a number of additional offerings to help you make the most of your Bitcoin. At Crypto.com, you can stake Bitcoin to earn up to 6% APY interest. The platform also offers a built-in crypto wallet that supports a wide range of decentralized finance (DeFi) applications.

Crypto.com accepts bank transfers, wire transfers, and credit and debit cards for payment. If you need help navigating your Crypto.com account, the platform offers live chat support as well as a detailed online knowledge-base.

Pros

  • Trade Bitcoin and 250+ coins
  • Credit and debit card fees waived for 30 days
  • Built-in crypto wallet
  • Earn 6% APY interest on Bitcoin

Cons

  • Exchange services not available on website
  • 4% fee for credit/debit purchases after 30 days

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Capital.com – Best Trading Platform to Speculate on Bitcoin

Capital-com LogoCapital.com is a CFD trading platform that offers trading on cryptocurrencies, stocks, forex, commodities, and more. In total, Capital.com offers trading in more than 6,100 global markets. It’s one of the best platforms in Malaysia for active traders who want to speculate on the short-term price of Bitcoin rather than invest in Bitcoin for the long term.

It’s important to note that you don’t actually buy cryptocurrency outright at Capital.com. Instead, you buy and sell CFDs (contracts for difference) that track changes in the price of Bitcoin. These derivatives allow you to bet that Bitcoin will go up or down, and you can trade with leverage up to 2:1.

Capital.com

Capital.com doesn’t charge any fees for deposits, withdrawals, or even trading Bitcoin. The platform makes money through a spread, which is fixed at 200 pips – around 0.5% at today’s Bitcoin prices. You’ll be hard-pressed to find a trading platform in Malaysia that offers a lower overall fee structure for Bitcoin.

What’s especially great about Capital.com is that it offers traders a huge array of tools for trading Bitcoin and other crypto markets. You can access detailed technical charts complete with dozens of customizable indicators. You also get access to a crypto market news feed and advanced platforms like MetaTrader 4, which enable you to automate your Bitcoin trading strategy.

Capital.com requires a minimum deposit of $20 to open an account, but you can trade as little as $1 at a time when buying or selling Bitcoin.

Pros

  • Trade Bitcoin CFDs commission-free
  • BTC spread is around 0.5%
  • Customizable technical charts
  • Open an account with $20

Cons

  • Cannot buy Bitcoin outright
  • Does not support decentralized finance

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Binance – Trade Bitcoin and 600+ Cryptocurrencies in Malaysia

Binance LogoBinance is one of the largest crypto exchanges in the world, and the selection of cryptocurrencies available to Malaysian investors on this platform reflects that. At Binance, you can buy Bitcoin and more than 600 other top altcoins. It’s the ideal platform if you see Bitcoin as just the beginning of your journey into the growing world of crypto.

With Binance, you have the option to buy Bitcoin instantly using a debit card, credit card, or bank transfer. Instant buy fees can be somewhat high – up to 4.5% for most transactions. However, you can also buy Bitcoin with Binance’s spot trading platform. There, fees start at just 0.1% for most Bitcoin trades. The only catch is that you have to fund your account ahead of time with a bank transfer.

Binance

Binance offers a huge range of tools for Bitcoin investors, including interest accounts and a built-in crypto wallet. There’s also an advanced technical analysis platform for trading cryptocurrencies. You can even take out a loan against your Bitcoin, allowing you to hold onto your crypto while you pay off expenses or invest in a hot new coin.

Pros

  • Trade 600+ cryptocurrencies
  • Instant buy and spot trading
  • Built-in crypto wallet

Cons

  • Can be overwhelming for new users
  • Very high credit/debit card fees

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Should I Buy Bitcoin?

One of the toughest things to figure out as a crypto investor is when to buy Bitcoin. The coin has a history of volatility, so it can be hard to know whether the price will go up or down at any given time.

However, if you’re interested in holding Bitcoin as a long term crypto investment, there are plenty of reasons to be bullish about this cryptocurrency. It’s used by tens of millions of people around the world, and Bitcoin’s popularity and usability has only grown as more and more people turn to cryptocurrency. At the same time, several countries have adopted Bitcoin as legal tender (even though the Malaysia government recently announced that it will not accept Bitcoin as an official currency).

Another thing to keep in mind about Bitcoin is that the supply is limited. The vast majority of all Bitcoin has already been mined, so the price is driven largely by demand. If demand for Bitcoin goes up, so will the price of the coin. With soaring interest in Bitcoin around the world, it seems probable that the future for Bitcoin is bright.

Benefits of Buying Bitcoin

There are many potential benefits to buying Bitcoin. Let’s take a closer look at some of the key advantages that Malaysian investors should be aware of.

Appreciation Potential

One of the most common reasons that Malaysians buy Bitcoin is to hold it as an investment. The price of Bitcoin skyrocketed more than 300% in 2020 and doubled again in 2021. While the coin is down now, increasing demand for Bitcoin means that the price could continue to go up in the future.

Importantly, the price of Bitcoin is somewhat uncorrelated with other investments like stocks. So, it’s a good addition to any portfolio that needs additional diversification away from traditional asset classes.

Anonymity

Bitcoin makes it possible to buy goods and services or to send and receive money without revealing your identity. Your wallet address is public on the Bitcoin blockchain, but your identity is not. So, Bitcoin offers far more privacy compared to other forms of digital payment.

Low Transaction Fees

One of the primary financial problems that Bitcoin emerged to solve is high transaction fees, particularly if you’re sending money internationally. With Bitcoin, you can pay for goods and services from around the world – or send money to family and friends – with much lower fees than you’d pay for sending a bank transfer. Sending Bitcoin isn’t free, but it’s very inexpensive.

High Liquidity

One of the reasons to buy Bitcoin rather than another cryptocurrency is that it’s highly liquid. Liquidity is important because it means that you can send, spend, swap, and sell your Bitcoin without issues.

Say for example that you want to sell your Bitcoin. You can do so instantly with low fees and it’s very unlikely you’ll have trouble finding a buyer. There’s simply a lot of Bitcoin being traded every day, and that’s a good thing for anyone holding Bitcoin.

Access to DeFi

One of the emerging benefits of buying Bitcoin is that it gives you access to the world of decentralized finance (DeFi). DeFi applications include earning interest on your cryptocurrency by lending and staking as well as borrowing against the value of your cryptocurrency.

To many crypto investors, DeFi represents the future of finance. Owning Bitcoin puts you ahead of the curve and gives you access to high interest rates and better loan terms than you may be able to get with traditional banks. For that reason some investors prefer crypto over other asset classes such as stocks.

Ways of Buying Bitcoin

When you’re ready to buy Bitcoin in Malaysia, you have several different options for how to pay for it. Most exchanges accept bank transfers, but many also accept payment methods that most people find more convenient – like PayPal, credit cards, and debit cards.

Buy Bitcoin with PayPal

If you have a PayPal account, you can buy Bitcoin directly through PayPal – the platform has its own built-in Bitcoin exchange. However, PayPal’s exchange has high fees and doesn’t offer many tools for using your Bitcoin, so most users are better off transferring funds from your PayPal account to another exchange.

Crypto.com, Capital.com, and Binance all enable you to buy Bitcoin with PayPal. At Crypto.com, PayPal deposits are treated like bank transfers, meaning you’ll pay no fees for instant crypto purchases.

Buy Bitcoin with Credit Card or Debit Card

You can also buy Bitcoin with a credit card or debit card at most major exchanges in Malaysia – including Crypto.com, Capital.com, and Binance.

Fees for credit and debit card deposits can be somewhat high, so be sure to check what your exchange charges before you use this method. At Crypto.com, credit and debit card fees are waived for your first 30 days on the platform as a signup bonus.

Bitcoin Price

The price of Bitcoin has always been volatile, and that’s been especially true lately. After gaining more than 300% in 2020 and 100% in 2021, the price of Bitcoin has fallen roughly 20% since the start of 2022.

BTC price

Today, the price of Bitcoin sits around $38,560, compared to its all-time high of $64,400 in November 2021. The market cap of Bitcoin is currently $733 billion.

Bitcoin Price Prediction

Despite Bitcoin’s recent slump, many analysts and investment professionals believe that this is just a temporary pullback in the middle of a continuing bull run for the cryptocurrency. In fact, some analysts believe that Bitcoin could surge to $100,000 by the end of 2022.

Of course, there are also plenty of crypto skeptics who think that Bitcoin is overvalued. Some believe that the price of Bitcoin will fall to $10,000 in the next several years, or even to zero.

While it’s impossible to predict exactly where Bitcoin will be in a few years’ time, there are plenty of reasons to be bullish about the crypto market in general. Cryptocurrency has increasingly gained attention and popularity, and that’s driven up the price of cryptocurrencies in general and Bitcoin in particular.

In addition, as decentralized finance continues to mature, Bitcoin could become the gateway to a wide range of financial services that are more user-friendly and lucrative than the financial services provided by traditional banks. In a world where all Bitcoin has been mined – which could happen as soon as 2140 – that could drive up demand for Bitcoin and send the price soaring.

How to Buy Bitcoin Safely

Unlike many traditional currencies and financial products, Bitcoin is not controlled by any government entity or financial institution. This has enabled many of Bitcoin’s benefits, but it also means that you need to be cautious when learning to invest in Bitcoin in Malaysia. Put simply, there are a lot of scams out there around Bitcoin.

Always use a regulated crypto broker or exchange to buy Bitcoin in Malaysia. Regulated brokers are held to high financial standards and have to answer to regulations that are designed to ensure the safety of customers’ funds. Many of these platforms also have insurance policies to protect against hacks and advanced security measures in place to keep your account safe.

All 3 of the crypto exchanges that we reviewed are regulated by government authorities in multiple countries.

How to Buy Bitcoin in Malaysia – Tutorial

Now that you know where to buy Bitcoin in Malaysia and how to buy Bitcoin safely, it’s time to get started. We’ll walk you through the process to buy Bitcoin in Malaysia with Crypto.com, our top-rated exchange for 2022.

Step 1: Download the Crypto.com App

Head to Google Play or the Apple App Store and search for Crypto.com. Download and install the crypto app on your device.

Download Crypto.com App

Step 2: Create a Crypto.com Account

Open the Crypto.com app and tap Create New Account. Enter your email address and tap Create New Account. Crypto.com will send you a verification email – tap on the link inside to complete your account registration.

Download Crypto.com App

Step 3: Deposit Funds

Next, you can make a deposit to your new Crypto.com exchange account. In the Crypto.com app dashboard, tap on the Home screen and then tap Transfer. Tap Deposit, then tap Fiat.

Deposit Funds on Crypto.com

Select the currency you want to transfer, then select how much you want to transfer and the payment method you want to use. Crypto.com supports Visa and Mastercard debit cards and credit cards as well as bank transfers. Finally, enter your payment details and tap Deposit.

Step 4: Search for Bitcoin

Tap the Crypto.com logo at the bottom of the app to view a list of cryptocurrencies available to trade. Find Bitcoin and tap on it. Then tap Buy BTC.

Search for Bitcoin on Crypto.com

Step 5: Buy Bitcoin

Enter the amount of Bitcoin you want to buy and Crypto.com will display the equivalent cost in US dollars. When you’re ready, tap Buy BTC to complete your purchase.

Buy Bitcoin on Crypto.com

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

How to Sell Bitcoin

When you’re ready to sell your Bitcoin, you can do so using the Crypto.com app. Tap the Track page on the bottom menu of the app to see a list of all your current crypto holdings. Tap the Trade button, then tap on Bitcoin to choose this as the coin you want to sell.

Enter the amount of Bitcoin you want to sell, and Crypto.com will display the corresponding amount of money you’ll receive in US dollars. When you’re ready, tap Sell BTC to complete your sale. The funds will be returned to your fiat wallet in your Crypto.com account immediately, allowing you to withdraw them or use them for another crypto purchase.

Conclusion

It’s easier than ever to buy Bitcoin in Malaysia today. With the right crypto exchange, you can buy Bitcoin in minutes using your preferred payment method and pay very little in transaction fees.

While it’s impossible to be certain about the future of Bitcoin, analysts and investors are bullish about this coin. The crypto market is growing rapidly and there’s a chance to buy Bitcoin at a discounted price right now.

If you’re ready to buy Bitcoin in Malaysia, check out Crypto.com to get started. You can buy Bitcoin and 250+ altcoins, plus pay no credit or debit card fees for your first 30 days.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

FAQs when Buying Bitcoin in Malaysia

Is it legal to buy Bitcoin in Malaysia?

How can I buy Bitcoin in Malaysia?

Which Bitcoin wallet is best for Malaysians?

Is Bitcoin a good investment?

Can I buy Bitcoin with Apple Pay in Malaysia?

What is the minimum amount to buy Bitcoin in Malaysia?

Where is the best place to buy Bitcoin in Malaysia?

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