7 Best Crypto Exchanges in Malaysia

Malaysia is one of the countries where Bitcoin and other cryptocurrencies are used for trading. The growth of digital coins in Malaysia has given rise to a range of best crypto exchanges. Here are the seven best crypto exchanges in Malaysia where you trade cryptocurrencies.

CEX.IO

CEX.IO is one of the best cryptocurrency exchanges in Malaysia. The platform is an approved cryptocurrency platform in Malaysia and is trusted across the world. Crypto beginners and professionals can buy bitcoin on CEX.IO exchange with their credit card and debit card seamlessly. This digital coin exchange has many payment/transaction options such as ACH, SWIFT, SEPA, and Faster Payments. CEX.IO exchange allows traders to make deposits in GBP, USD, RUB, and EUR. Traders can buy digital coins such as Bitcoin, Ethereum, and Ripple. Since its inception in 2013, this platform has proven to be a stable crypto platform without hacks or inconsistencies. CEX.IO has over 4 million users and was founded by Oleksandr Lutskevych.

Pros of CEX.IO

  • It has a beginner-friendly and easy to use-interface
  • It is supported globally
  • CEX.IO is a trustworthy crypto exchange
  • Low transaction fees
  • Multiple payment options

Cons 

  • Long verification time
  • Users are required to provide private information for verification

Luno

Luno is a crypto/fiat to cryptocurrency trading exchange with a presence in Malaysia and South Africa, Singapore, Indonesia, Nigeria, and other countries. Traders on Luno can receive an instant buy feature on this cryptocurrency exchange. Luno gives 0% fees for market makers. This means that a user can avoid fees when placing a buy order by simply waiting for a seller to take it. Thus, making it one of the best crypto exchanges in Malaysia. Luno was founded in 2013 by Lucas Mousinho. It supports multiple payment options such as bank transfers and credit cards.

Pros

  • It supports fiat currencies.
  • Multiple digital coins such as Bitcoin, Ethereum, and Ripple
  • Instant buying and selling of digital coins
  • It supports quick deposit and withdrawal
  • Luno has a user-friendly interface

Cons

  • It is not regulated
  • Low liquidity 
  • It does not support margin trading and advanced trading tools

Coinmama

Coinmama has managed to become part of the best crypto exchanges in Malaysia. Nimrod Gruber, Laurence Newman, and IIan Schuster designed Coinmama in 2013. Coinmama supports the trading of many digital coins such as Bitcoin, Doge, Ripple, and Ethereum. It allows multiple payment options, including Visa card, MasterCard, SEPA, and Skrill. It is cheaper to buy cryptocurrencies through SEPA than with a credit card. 

Pros

  • Coinmama has a responsive and fast customer service team
  • Coinmama is available in many countries 
  • It is a trusted and reliable crypto exchange
  • It supports multiple payment options

Cons

  • High transaction fees, especially with credit or debit cards
  • No advance trading features
  • Slow processing time

Bitpanda

Bitpanda is one of the best crypto exchanges in Malaysia that supports crypto enthusiasts to trade digital coins. Bitpanda was founded in 2014 by Paul Klanschek, Eric Demuth, and Christian Trummer. It offers a user-friendly environment along with multiple payment options. Many Malaysians make use of the Bitpanda exchange as it is an approved and registered crypto exchange in Malaysia. Some of the payment methods available on Bitpanda include SEPA, Skrill, debit card, NETELLER, and online bank transfer. 

Pros

  • It supports deposit and withdrawal with fiat currencies
  • Simple interface
  • High liquidity
  • Has responsive customer service team
  • Many payment options 

Cons

  • Verification takes time
  • There is an absence of advanced trading cryptocurrency platforms
  • Transaction fees are not clear

Binance

Binance is the largest, reliable, and trustworthy crypto platform for experienced crypto traders looking for a platform to perform real-time trades. There are over 150 cryptocurrencies on Binance, such as Bitcoin, Ethereum, Doge, and Ripple. It gives both crypto beginners and professional traders trading tools to be successful in making profits. Binance, founded in 2017 by Changpeng Zhao and Yi He. It accepts many currencies such as GBP, EUR, USD, AUD, RUB, and others.

Pros

  • It has global support
  • Higher volume exchange 
  • Many available digital coins for trading
  • It is very secured
  • Trustworthy management
  • Low transaction fees

Cons

  • There are limited payment options
  • Verification takes time
  • The corporate structure is not transparent 

Paybis

Paybis is another crypto exchange to secure its name in the list of best crypto exchanges in Malaysia. The Paybis cryptocurrency exchange renders reliable and speedy crypto transactions to customers in Malaysia and the world. There are many payment options on the Paybis cryptocurrency exchange. Paybis was founded in 2014 by Innokenty Isers, Arturs Markevics, and Vasilenko Konstantins. It accepts deposits in EUR, USD, JPY, CAD, and GBP.

Pros

  • It has global support
  • Paybis has multiple payment (deposit and withdrawal) options
  • Large purchasing limits 
  • It features a user-friendly interface
  • There is 24/7 customer service in different languages

Cons

  • Delay payment confirmation – it takes 1-5 days for bank transfer to be completed
  • Less digital coins

Bittrex

This is one of the biggest digital coin trading platforms for customers to buy, sell, and trade cryptocurrencies. Bittrex was founded in 2013 by Rami Kawach, Bill Shihara, and Lai Richie. It accepts deposits in U.S. dollars (USD) for fiat trading only and is headquartered in Seattle, Washington. Some of the cryptocurrencies available for buying and selling on the Bittrex trading platform include Bitcoin, Ethereum, VERA, and more.

Pros

  • It has strong security for storing and trading digital coins
  • Low transaction fees
  • It supports fiat currency deposit
  • Easy to sign up
  • Fast verification 

Cons

  • There is no margin trading 
  • Low liquidity for some digital coins

Final words 

There are many crypto exchanges available for Malaysians. However, if you want to have the best experience in trading, you must choose from the above discussed seven best crypto exchanges in Malaysia. However, they have their specific advantages and disadvantages so choose the one that best suits your needs.

Similar Posts

One Comment

Leave a Reply

Your email address will not be published.