Cryptocurrency in Malaysia
Investing

The ULTIMATE Cryptocurrency in Malaysia Guide [2024 Update]

Support a content creator, share this article :)

So you want to learn about crypto in Malaysia. Maybe you want to learn how to buy bitcoin in Malaysia, as an investment. Maybe you want to learn how to keep it safe.

You’ll find all those must-know information here. However, first I have to say..

GO BACK if you are not willing to learn about digital security. I’m dead serious, GO BACK. Cryptocurrencies as an investment are NOT suitable for you right now. You’re entering the high risk, high rewards zone. The risk mostly comes from (1) greed and (2) lack of digital security knowledge.

Additionally, if you don’t have 3 6 12 months’ worth of savings, then go to the 6 Ways to Get Bitcoin for Free (for People Bullish on Bitcoin Price) article. Unless you have ‘play money’ aka amount you can afford to lose, prioritise accumulating bitcoin with your time and skills rather than buying them.

Disclosure

Alright, full disclosure time – I am a crypto investor, since the end of 2015. I can talk your ears off about its utility value but let’s face it, most people get into it for the profit potential, including myself.

Profit potential, with emphasis on potential, is not guarantee. Most of the time, cryptocurrencies’ value is driven by supply and demand. While it has fundamentals rooted in decentralisation, many have dismissed the asset as purely speculative.

In case that isn’t clear, I’ll repeat: (1) I’m biased because I’m a crypto investor, and (2) cryptocurrencies can be seen as speculative or even gambling for people who don’t value decentralisation as a feature.

Still here? Good, alright let’s move on from the disclaimers and get into the actual how-to. Please be aware that the information here is not meant as financial advice, do your own research. In fact I insist on it – if you’re someone who’s lazy to do research, sooner or later you’ll be eaten alive.

Introduction

The first thing you should know, IMO, is despite having ‘currencies’ in its name, cryptocurrencies are mostly not used as money, in the strictest sense of the word. For example:

  • Bitcoin – Except in specific situations (El Savador, donating, surviving in a dictatorship regime, country has very high inflation, etc), most people don’t use it as currency or for making payments. Rather, it’s treated as digital asset, a store of value
  • Other cryptocurrencies – there are thousands of them. They could be smart contract platforms, payment network, gaming, ‘bitcoin 2.0’, scams, jokes, basically it can be 1001 things because the underlying technology (blockchain) can be applied in so many ways

With that out of the way, let’s go to the first section,

#1 – Are cryptocurrencies legal in Malaysia?

Yes, selected cryptocurrencies are legal in Malaysia. Securities Commission Malaysia regulates them under the Digital Assets Guideline, issued on 28 October 2020.

As of time of writing, 5 digital assets exchanges have been approved to sell cryptocurrencies in Malaysia: Luno, SINEGY, Tokenize, MX Global and Hata.

I can’t stress how much regulation of crypto exchangers in Malaysia was a big deal to the community – I heard over a dozen exchangers applied for the licence to operate but couldn’t meet SC’s stringent requirements, and the negotiation process itself took years so only the most stubborn persistent survived.

Before you ask, no, Binance is not licensed to operate in Malaysia. Why? I don’t know why, they just didn’t bother to go through the application processes.

But that doesn’t stop some people from using Binance, as well as other unregulated platforms. So I would say to everyone – you want to use the unregulated exchanges, sure. Just be aware of the risks.

#2 – 19 Approved Cryptocurrencies in Malaysia

As of time of writing, Securities Commissions have okayed the buying and selling of these 19 approved cryptocurrencies in Malaysia:

  1. Bitcoin (BTC) – The OG crypto. The one you heard about the most, and the one that started it all
  2. Ethereum (ETH) – Blockchain platform with smart contract functionality. Founded by Vitalik Buterin
  3. Litecoin (LTC) – kinda like budget version of bitcoin (oop I said it). They say that if bitcoin is digital gold, then litecoin is digital silver
  4. Ripple (XRP) – Ripple is actually a private and CENTRALISED company, which means crypto purists hate it. Holding XRP is kinda sorta like holding stocks in a remittance service provider
  5. Bitcoin Cash (BCH) – A fork of Bitcoin. See Section #9 – Why are there two bitcoins
  6. Uniswap (UNI) – Decentralised crypto exchange
  7. Chainlink (LINK) – ‘Blockchain oracles for hybrid smart contract’
  8. Cardano (ADA) – Blockchain platform. Founded by Ethereum co-founder Charles Hoskinson
  9. Solana (SOL) – Blockchain platform with smart contract functionality.
  10. Avalance (AVAX) – Blockchain platform with smart contract functionality.
  11. Polygon (MATIC) – Polygon is a “layer two” scaling solution that was launched to connect and grow Ethereum-compatible projects
  12. Polkadot (DOT) – Polkadot connects multiple blockchains in a unified network through a central chain known as the “Relay Chain.
  13. Cosmos (ATOM) – Cosmos is a decentralized network that provides open-source tools for developers to create their own interoperable blockchains.
  14. Aave (AAVE) – one of the largest digital assets lending platforms
  15. Curve (CRV) – lets investors trade stablecoins and other digital assets for lower fees
  16. Maker (MKR) – Sky, formerly MakerDAO, allows investors to temporarily lock up their digital assets in return for one of their stablecoin, Dai (DAI) or USDS (USDS)
  17. Synthetix (SNX) – Synthetix enables the creation of synthetic assets, allowing investors to trade real-world assets like commodities, currencies, and stocks on the blockchain
  18. Stellar (XLM) – connects traditional financial institutions with blockchain technology, enabling rapid and cost-effective transactions between fiat currencies and digital assets. 
  19. Worldcoin (WLD) – a digital identification platform that provides individuals with a way to verify their human identity. Co-founded by ChatGPT founder Sam Altman

Which of the above should you buy as a first-timer? Personally, I think Bitcoin and Ethereum are excellent as a starting point – they have the longest history and good reputation. They are also ‘foundational’ – ie learn it first before learning the rest.

Can you get other cryptocurrencies? Can. See #5. But let’s see how to buy crypto in Malaysia through regulated exchanges first.

#3 – How to buy crypto in Malaysia – List of Licenced Exchanges

So, how to buy bitcoin in Malaysia? How to buy crypto in Malaysia?

The easiest and recommended way is through the licensed exchanges. As of time of writing, Securities Commissions have approved 5 digital asset exchanges in Malaysia. They are: Luno, SINEGY, Tokenize, MX Global and Hata (the newest player).

*In addition to the 5 digital asset exchanges, SC has also approved 1 (one) digital asset fund management: Halogen. They are more of a B2B (business-to-business) service rather than B2C (business-to-consumer) so I won’t include them here. This info is more for your knowledge.

Opening an account with any of the 5 approved digital asset exchanges is easy:

  • Go to the websites,
  • register and complete KYC (know-your-customer process),
  • transfer money, and
  • buy any of the cryptocurrencies offered

Here are all 5 approved digital asset exchanges, the cryptocurrencies offered in each platform, and how the interface looks like.

1) Luno

Get 18 of 19 approved cryptocurrencies in Malaysia: BTC, ETH, LTC, XRP, BCH, UNI, LINK, ADA, SOL, AVAX, MATIC, DOT, ATOM, AAVE, CRV, MKR, SNX, XLM

Of all the options, I’ve used Luno the longest, and had good experience. It’s not a bad idea to buy crypto in Malaysia from Luno as

  1. they offer the widest digital asset selection in Malaysia, and
  2. they have generous new user sign up bonus you can take advantage of.
[Obligatory referral code: Buy RM250, get RM75 in BTC (instant 30% ROI) with my code 7FA6G’ (valid for new users only).

Steps: Open a new account at Luno.com > Go to REWARDS > Choose ENTER CODE > Enter promo code 7FA6G > Click Apply Code* > Deposit the minimum amount required > Buy at least RM250 from Instant Buy or Sell > Get rewarded with the additional Bitcoin.]

*According to the T&C, you can apply the code within 30 days after your first transaction 😀

how to buy cryptocurrencies in malaysia

2) SINEGY

Get 2 of 19 approved cryptocurrencies in Malaysia: BTC, ETH

SINEGY is Malaysia’s homegrown exchange!

Cryptocurrency in Malaysia

3) Tokenize

Get 7 of 19 approved cryptocurrencies in Malaysia:: BTC, ETH, LTC, XRP, BCH, SOL, UNI

First launched in Singapore, Tokenize made news when Kenanga Investment Bank acquired 19% stake in its Malaysian operation.

Obligatory referral code: Enter ‘suraya’ or click here to get 25 Tokenize Points when you sign up with my link. The points are exchangeable for digital assets offered in Tokenize.

Cryptocurrency in Malaysia

4) MX Global

Get 5 of 19 approved cryptocurrencies in Malaysia: BTC, ETH, XRP, SOL, WLD

MX Global is a home-grown platform ‘built in Malaysia for Malaysians ‘.

4) Hata

Get 14 of 19 approved cryptocurrencies in Malaysia: BTC, ETH, LTC, XRP, BCH, UNI, LINK, ADA, SOL, AVAX, MATIC, DOT, ATOM, AAVE, WLD

Hata was founded by David Low, ex General Manager APAC of Luno. The platform also brands itself as a global platform, currently serving Malaysia and US markets.

Now that you’ve learned how to buy bitcoin in Malaysia through these crypto exchanges, let’s learn…

#4 – How to sell bitcoin in Malaysia (or sell other cryptocurrencies)

The easiest way to sell bitcoin in Malaysia, and any of the 19 approved cryptocurrencies is to sell directly on the 5 licenced digital asset exchanges.

Upon a successful trade, you’ll receive MYR, which you can withdraw directly into your bank accounts.

How to sell bitcoin in Malaysia for cheaper fee

My recommendation for new users: make use of any new user promo when you start*, then learn how to use the exchange feature (rather than the instant buy/sell feature) so you can save money on fees.

(*cough Luno gives you RM75 if you buy RM250 from Instant Buy or Sell, or instant 30% ROI if you use my code ‘7FA6G‘ cough*)

Here Suyin explains how to use the interface to get the cheaper fees:

#5 – What other cryptocurrencies should I get (and how)?

As mentioned, you can buy and sell 18 cryptocurrencies in Malaysia directly from the licensed exchanges. If you’re new to the world of cryptocurrencies, I suggest you start your crypto journey with any of the 19 approved cryptocurrencies in Malaysia first.

As you learn more and gain more experience, then maybe you can branch out to other cryptocurrencies. You can see explore other cryptocurrencies on websites like CoinGecko and CoinMarketCap.

Getting other cryptocurrency in Malaysia is pretty easy:

  • Get BTC/ETH from any of the 5 licensed exchange above
  • Transfer to another exchange that offers the cryptocurrency you want. Make sure it’s reputable (*cough Binance is not bad cough*)
  • Make the exchange. Whenever you’re stuck, remember to check the FAQ and Academy sections, everything is there

I’m not able to suggest or recommend any particular cryptocurrencies to get. Personally, I use these three strategies to decide which cryptocurrencies to get.

Is investing in cryptocurrencies based on fundamentals and technology enough?

People like to say, look at fundamentals and technology before deciding to ‘invest’ in a particular cryptocurrency.

They’re not wrong, but that is no guarantee that the investment with generate positive returns. Sometimes often, even the most promising projects fail – I’ve had tokens that lost 99% of their value and never recovered.

In crypto, you just don’t know what’s going to happen – I mean, no one predicted the Dogecoin phenomenon, the founder created it as a joke. But as I’m writing this, the market cap for Dogecoin is 41 BILLION dollars.

(As of Sept 2022, Dogecoin’s marketcap is down to 8 billion dollars)

So, here’s the approach I suggest: Rather than using the gambling approach, go check out different cryptocurrencies and what they are used for because not all of them are for ‘store of value’.

Some platforms use cryptocurrencies/tokens to interact in the platform. So if you’re interested in the project, then it is not a bad idea to get the cryptocurrencies for learning purposes.

For example:

  • Programmers interested to learn how to build DApps (Decentralised Apps) and code smart contracts can check out the Ethereum platform and ETH KL team, or Solana, or Cardano
  • Gamers interested in play-to-earn opportunities can check out Aavegotchi Malaysia and Axie Infinity Malaysia groups

I’m barely scratching the surface here – there are loads of crypto communities out there and so many things to do. It’s honestly a fun rabbit hole to go down into, and if you happen to make a bit of money in the process, consider it a bonus 🙂

#5 – 5 Rules to not get scammed when you invest in crypto in Malaysia

Remember all these as you explore the crypto world:

Rule #1 – ALWAYS check if you’re buying from the right platform

Check for https, check spelling of URL and social media profiles, check everything.

How to Buy Cryptocurrencies in Malaysia
as taken from SINEGY’s FB page

Rule #2 – Buy from licenced exchanges

understand you might want to look around other ways to try and buy crypto in Malaysia for cheaper, and yes it’s possible, but you’re taking an unnecessary risk, especially if you’re new in all this.

One – P2P platforms like Remitano and Localbitcoin is rife with scammers.

Two – direct dealing is hella dangerous. If anyone ever contact you to buy or sell, just ignore and block them.

I’m not even joking about the ‘holding a gun to my head’ part. Crypto robberies happen. This fella was tortured with a drill in front of his 4-year old daughter.

Just pay the exchangers’ fees. You’ll be safer.

Rule #3 – Keep your crypto in multiple places

Which are the best bitcoin wallet in Malaysia? Which of the above is the best crypto exchange in Malaysia to keep your funds?

My answer is… If you have ‘a lot’ (varies by individual), then I highly recommend you to distribute your stash around and not keep your cryptocurrencies in one location/wallet. Why?

  • You might get hacked. Remember, transactions are not reversible and aside from a police report, there’s nothing much you can do. Reminder to set up your 2FA if you haven’t.
  • The exchange might get hacked OR suffer insider theft. It’s happened to many reputable exchangers before (not in Malaysia AFAIK tho)
  • Even if you keep all your stash yourself via cold storage methods like paper wallets or hardware wallets (I use Ledger Nano; RM500ish per device), *you* might forget your passcode or seed address.
  • Ps – Only get your hardware wallet from authorised resellers like CryptoBilis! Tampered hardware wallet is also another type of scam

Spreading your crypto around is not a bad thing actually. The ‘bonus’ is getting hands-on learning – the more wallets and platforms you try, the better.

Rule #4 – Join a community – having an interest in crypto in Malaysia leads you to vibrant communities!

The longest-running bitcoin community in Malaysia, Bitcoin Malaysia #1 Group encourages discussions and sharing, and organises free (and some paid) webinars and events. Feel free to ask questions, usually people are kind enough to answer. Check the latest happenings here.

You can also type ‘scam’, ‘scammer’ etc in the search box and see other types of seasonal and creative scam methods. Important: Holding cryptocurrencies is a commitment – you have to keep updated with the latest scam methods.

Rule #5 – Be a hodler not a trader

Hodlers (the misspelling is intentional) are people who buy – either little by little or big upfront amount – then don’t sell, despite the market condition, unless necessary (financial emergencies etc).

Hodlers make peace with volatility. The price goes up, the price goes down, but life goes on.

For the most part, I am a hodler.

Traders, on the other hand… do the whole chart thing, the technical analysis. It’s like forex trading but on crack. Unlike currencies pairing or the stock market, the crypto market opens 24/7.

I don’t really have much to say to traders, except:

  • (1) reminding you trading with leverage is haram,
  • (2) good luck, don’t trade money you can’t afford to lose, and
  • (3) don’t believe that copy-trading is ‘easy money’ – I lost everything there when I tried it out lol.

#6 – [Muslim corner] Is cryptocurrency halal? How to calculate zakat on cryptocurrency?

Is cryptocurrency halal?

The short answer is yes , if you don’t take excessive risks and acquire them through legal and ethical means. The long answer can be found at Securities Commission’s Digital Assets from Shariah Perspective page.

However, there are differing views. For example, the Indonesian Ulema Council deemed it haram.

It’s ok if crypto is not for you. Just do other investments, focusing on halal investing.

How to calculate zakat on cryptocurrency?

In Malaysia, both Perlis and Johor Fatwa Council has decreed that bitcoin (and by extension, other cryptocurrencies treated as digital gold) are zakat-able. The calculation is (taken from news article):

“Adapun pengiraan zakat untuk Bitcoin ialah nilai terendah unit Bitcoin dalam satu tahun didarabkan dengan bilangan unit Bitcoin, kemudian ditambahkan dengan keuntungan hasil dagangan sepanjang tahun sebelum jumlahnya didarabkan 2.5 peratus”.

Additional info: Global Sadaqah allows zakat and waqaf payments using bitcoin.

#8 – Are gains from cryptocurrency taxable in Malaysia?

According to this RinggitPlus article,

The Inland Revenue Board (LHDN) has clarified that cryptocurrency investors who actively trade their assets at the digital asset exchange (DAX) are required to declare their gains for their annual income tax.

So the answer is, no, capital gains from cryptocurrency is not taxable, but profit from trading cryptocurrencies is taxable.

To clarify: If you regularly and consistently and with strategy buy and sell cryptocurrencies, that’s trading = taxable. But if you just buy to keep for long term, then your gains are not taxable.

#9 – Why are there two Bitcoins?

So why is there Bitcoin and Bitcoin Cash? Why two?

The short answer is a long time ago, the Bitcoin community disagreed on the best way to scale bitcoin to allow more transactions without congesting the network (and resulting in high fees). They had different solutions to solve the same problem.

So Bitcoin split into two: Bitcoin (BTC) and Bitcoin Cash (BCH) – two sets of data ledgers that implement different solutions but came from the same ancestry. The event was quite notable and covered in Bitcoin 101 videos, like the one below.

Actually, there were more bitcoin splits – also called forks – and also bitcoin copycats. So just be careful when you’re buying bitcoin or doing swaps, just make sure you’re getting the right one. Here are some of the other bitcoins:

From an investor POV, both Bitcoin and Bitcoin Cash has potential. They’re both digital assets and tradable. The rest, I would avoid tbh. More often than not they’re just capitalising on the ‘Bitcoin’ name.

Conclusion

Long-term hodlers, what else should people know about buying cryptocurrencies?  What do you wish you know when you first started? How is your experience like as a member of the crypto community?

Leave your advice and experience in the comments section for all of us to learn 🙂


Support a content creator, share this article :)

Similar Posts

45 Comments

  1. I have a question regarding cryptocurrencies, particularly in Luno…is it easy ti sell back the bitcoins that have been bought through the platform?

  2. Hai suraya. Thank you for inspiring n all the info regarding cryptocurrencies. I own a few crypto myself, but im a newbies. All of my coin are in luno exchange. Can u make a post n teach us how to keep our coin safe. A step by step guide would be very helpful. Thank you sifu. 👍🏽👍🏽

  3. Hi Suraya, Thanks for this post! Just one question though, do we have to declare our bitcoins value when we file our annual e-filing? Because I read from the Bitcoin group that as long as we declare LHDN will not chase us. I have tried to read and look around more on this matter but couldn’t find much info. Perhaps if you have, you can share with us? Thanks!

    1. Hi N,

      As per my understanding, income through trading is taxable, ie income if you actively buy and sell crypto

      But if you buy and hold, and made your money through capital gains (ie value of btc increased), then that is not taxable 🙂

      1. What should be holding period to consider a investor ( and not a trader ) ?
        Is this period defined any where ?

        Whats your opinion ?

  4. I love it that you put a stern warning on the first paragraph. I’m currently trying to build up my emergency fund (managed to saved 3 months worth of EF & target for 12 months). This is a good read as peer pressure is very strong when most of my colleagues are into trading and buying crypto. They keep saying I have missed out a lot for not investing. When the time is right, I will invest with better understanding.

    You have helped me a lot.Thanks Suraya.

  5. Hi Suraya, I’m just wondering how do we store our btc offline if we purchase through exchanges like Luno? Or are we supposed to purchase through other methods?

    1. Hi Nayli,

      Great question. You can store btc offline with two methods: using hardware wallets (recommended) or paper wallets (riskier)

      For hardware wallet, there are a few options, the most popular being Ledger and Trezor. You want to take great care to buy these hardware wallets from authorised resellers, to make sure they were not previously compromised by scammers.

      I use Ledger Nano S. It’s around RM300. You can buy from Cryptobilis – they are authorised reseller in Malaysia – https://invol.co/cl4emc6

  6. Hi Suraya, thanks for sharing so much info. I am totally new to crypto investment, I have a question, is it better to buy Bitcoin from overseas exchange like kraken in USD or from local exchange in MYR.

  7. Thank you for the article Suraya.
    I had an account at Lucent crypto exchange, and transferred money to my bank, RHB. They refused to accept it, saying bank policy does not allow deposits from crypto exchanges.
    I asked local Maybank and they said they wanted transaction history and proof of ownership of funds. So tedious.
    Maybe with an account at a local exchange it is different, but not sure.
    I’d really like to know is which Malaysian banks do other people use to avoid this difficulty.

    1. Hi Derek,

      That sounds in line with KYC/AML (Know Your Customer, Anti Money Laundering) guidelines. I assume all banks will practice the same.

      Can you perhaps send your btc to local exchange then sell from there? You might lose some amount in the process, but better than not able to access the funds at all

  8. Hi Suraya, just wondering. I intend to Stake “Time” on Wonderland.
    My question is if i choose to cash in on my “Time” at year end …and i convert ‘Time’ back to cash, will banks in Malaysia accept it.
    I intend to go to Cashcoin to buy Avax then swap to Time so that i can Stake in Wonderland
    Also is Cashcoin recognised by Malaysia.
    Thank you in advance for ur help.

  9. Hi Suraya, thank you so much, its help me a lot to understand ( im newbie lol ).

    Btw I wanna ask, if I already topup my Luno account, but im likely to try buy alternate coins ( other than 5 main coins in Luno ), is there any way that i can buy it ?

    P/s : currently I have Trust wallet + PancakeSwap but its seem need to use BNB (which now i cannot purchase anymore) to swap with another alternative coins.

    Need your suggestion on what works better with Luno.
    Thank you in advance 🙂

    1. Hi Fikri,

      Well you can use the other unbanned exchanges, or transfer funds to Metamask wallet and use any of the decentralised exchangers. Hope this helps 🙂

  10. Thanks for sharing on this.

    with the crypto boom and multiple platforms i understand P2P is how most platform transact.

    It is legal to inform our bank that we did a transactions when being rang up by the bank?

    1. Hi Tong,

      Most P2P participants expressly ask that you do not put crypto or any related keywords in tx description. Just treat it as normal buy and sell, and avoid suspicious behaviour (transact rm100k suddenly etc) and you should be fine

  11. for the public info, I did my transactions on tokenize xchange and subsequently tried to withdrawal to my cold wallet, the transaction is stuck in transit for a week and no one response to queries. So if you are new and thinking to open there, just avoid it.

  12. Hi Suraya, I have a question.
    I am earning salary in crypto (Foreign based company) whereby i have to invoice upon completing my service.
    How do i convert it to ringgit fiat after receiving the crypto salary upon issuance of invoice? I have established a sole prop company with a current bank account.
    Do I receive it via luno and then exchange it to Ringgit?
    Please help advise, i really want to pay tax.

    1. Hi That Guy Who Asks,

      Personally, I submit all my invoices in MYR (and sometimes USD) and use that figure towards tax calculation. I guess you could submit an invoice in crypto, and make the same version in its fiat equivalent for your own records. If you plan to use Luno, then use the exchange rate there otherwise the figures could vary a lot!

  13. Hi Suraya. It has been way long ago, back in 2017 where I first learned about Bitcoin from Ringgit Oh Ringgit. You have done so much! Well I read Binance *cough*. Legit to use it now? Not in Alert List?

    1. Hi JonNow

      Wow long time reader, hiiiii. Hehe yes it has been a wild ride.

      As for Binance, yes you can still use it. ‘Legit’ or not depends on how you view it. If legit means ‘lisenced and regulated in Malaysia’, then not legit. AFAIK Binance is also still in Investor Alert List. But if legit means ‘so far still haven’t ffk users like other exchangers’, then yeah legit

      I still use Binance sometimes myself. Not often, and I dont have a lot in there, but I love the range of features in there, good for learning.

  14. Hi Suraya, It’s been a long time for this post! i just want to ask about are fund withdrawal from Luno taxable now? Cuz most of the news related to taxes for crypto are not updated (sry i couldn’t find where to get information of taxation law). Also, is it safer to withdraw bit by bit to avoid my bank got locked and looks suspicious? (cuz if everything are legit why then we have to withdraw bit by bit like we’re doing something wrong haha)

    1. Hi Elroy 🙂

      No, your withdrawal from Luno is not taxable. Only crypto trading is taxable – with trading defined as systematic and regular buying and selling. If mostly hodl, then not taxable.

      As for the withdrawal to bank account part. I haven’t heard anyone complain about their bank locked tbh.

  15. Hi Suraya,

    Recently came across your blog and have found it very useful to start off my investing journey in Malaysia. Love how detailed and well structured your blogs are. Keep up the good work!

    Also, had a question regarding the promo code you shared and how it works. I just had one question, the RM250 worth of Crypto that we are required to buy to get the RM75 BTC reward, does that have to be any ONE crypto or can it be a combination of different coins that totals up to RM 250?

    Thanks,
    Z

  16. Hi Suraya!

    I found your content really helpful in terms of getting started with crypto in Malaysia. However, I have a particular question which you might have an answer to.

    I use Binance for my crypto holdings primarily here in the UAE. If I want to withdraw that crypto in Malaysian Ringgits, what would be the safest route? For example, transfer crypto from Binance to Luno, and then Luno to Maybank. Would that be okay with the bank or would they need additional documents?

    Thanks!

Leave a Reply

Your email address will not be published. Required fields are marked *