Where to Buy Bitcoin in Malaysia? – Beginner’s Guide

Sometimes, the road to investing in cryptocurrencies such as Bitcoin gets complicated. However, all in all, several experts estimate that Bitcoin is the most popular cryptocurrency worldwide.

Learn how to buy Bitcoin in Malaysia with this guide, particularly if you are a beginner.

Moreover, this guide will explain how to buy Bitcoins instantly through platforms and commissions.

Where to Buy Bitcoin in Malaysia – Step by Step Guide 2023

As this guide mentions in the introduction part, you can buy Bitcoin quickly, safely, and easily if you are a newbie to cryptocurrencies. This guide will analyze and learn where you can buy or sell Bitcoin.

What are the benefits and weaknesses of brokers? How do brokers work? To choose a broker, it is highly recommended that you know your characteristics and interests to establish which platform is most appropriate for you.

1. Huobi-Excellent Trading Platform for Buy Bitcoin In Malaysia

Huobi, a cryptocurrency exchange and online financial services company based in Singapore, was founded in 2011. Among the services Huobi provides are Bitcoin, Ethereum, and XRP as well as a way to participate in initial coin offerings (ICOs) before they become mainstream. Beijing is the place where Huobi was established. Its presence in the Chinese cryptocurrency market grew rapidly after the government expelled cryptocurrency exchanges in 2017.

The company moved to Singapore for a more favorable crypto law regulatory environment. More than 355 types of cryptocurrencies can be traded on Huobi, making it the world’s largest bitcoin exchange. More than 5 million active users use the platform, which has 130 countries represented. Huobi is ranked third on CoinMarketCap’s list of top cryptocurrency exchanges based on daily trading volume. Accessibility is one of the reasons behind Huobi’s popularity. The application meets both the needs of new and experienced users.

A full account setup can be done within a few minutes. Therefore, please do not hesitate to do it, because no problems should arise in the process.

3. Binance – The largest Cryptocurrency Exchange In Malaysia 

Binance, a Hong Kong-based cryptocurrency exchange launched in 2017, has offered its users the opportunity to buy, sell and trade cryptocurrencies online using various methods. As well as among the hundreds of cryptocurrencies that feature on Binance’s desktop and mobile dashboards, users can choose from a large number of chart types and trading capabilities.

Initially, website users can trade on the site. In this way, they will be able to buy and sell in a short period.

This platform makes it possible to buy Bitcoins using your debit or credit card. To start an account, all you have to do is follow the instructions on depositing money into your account, which is all you have to do. However, it is important to note that the platform has an extremely rigid policy regarding its security.

Only 0.1% of the purchase price is charged as commission. However, if the credit card is used, a 2% commission will be applied to all transactions made with it.

Binance fees

Your capital is at risk.

4. Crypto.com – Over 40 Cryptocurrencies And Stablecoins In Malaysia

There are more and more cryptocurrency exchanges globally, such as Crypto.com. This website is fast and very secure because it has a large team of developers and a strong marketing team. Thanks to a large team of developers and a strong marketing department, the website is fast and secure. Likewise, they offer a 14% return on over 40 cryptocurrencies and stablecoins throughout their betting program.

With a market value of $16.6 billion, Crypto.com is ranked 12th in the digital currency rankings. However, there is considerable potential for Crypto.com. Apart from offering margin trading derivatives, the company also enters the NFT market.

Furthermore, Crypto.com supports investments as low as $1. Therefore, Crypto.com is your best option if you want to discover the best cryptocurrency to buy, which in this case is Bitcoin.to discover the best cryptocurrency to buy, which in this case is Bitcoin.

Crypto.com fees

Your capital is at risk.

5. Kraken – Buy 50+ Cryptocurrencies In Malaysia

In 2011, Kraken was established in San Francisco, and it soon became one of the most popular cryptocurrency exchanges in the United States. As a result, it has evolved into one of the top five cryptocurrency exchanges in the United States.

In addition to 66 crypto pairs and major digital assets, the site also provides live crypto prices throughout the day. Staking in additional cryptocurrency allows you to earn more money.

Among the other trading currencies available on the platform are Bitcoin, Cardano, Dogecoin, Ripple, and other cryptocurrencies.

Additionally, it is also possible to purchase Bitcoins on exchanges if you wish to do so. In terms of safety and reliability, Kraken is one of the most trusted cryptocurrency exchanges in the world. It is also one of the easiest cryptocurrency exchanges to use out there.

It is possible to buy Bitcoins with a debit or credit card in Malaysia. Once the Bitcoin has been purchased, it is stored in one wallet.

Kraken fees

Your capital is at risk.

What is Bitcoin?

In the context of a highly speculative asset class, Bitcoin (BTC) still represents a little-known asset class to many people. Thus, before you decide to invest in Bitcoin, it is imperative that you first get a good general understanding of what Bitcoin is and how you can buy it. The first digital currency, Bitcoin, was launched in 2009 and is now known as the world’s largest digital currency. Its technology was invented by a mysterious creator named Satoshi Nakamoto. The main idea of this innovative cryptocurrency is that it is not dependent on or under the control of a single institution, agency, country, or financial entity. Instead, this cryptocurrency is decentralized.

Contrary to conventional fiat currencies, such as the U.S. dollar, bitcoin cannot be manipulated. Instead, a computer program creates a new Bitcoin every 10 minutes. The digital currency will eventually reach a market capitalization of 25 million Bitcoins, which is expected to occur in 2140. Those who own Bitcoin can transfer it to another person if they wish. Likewise, Bitcoin is increasingly accepted as a form of payment in many companies. However, the most frequently asked question is when to buy Bitcoin. The most reasonable time to buy Bitcoin is right now. Bitcoin possesses the potential to be an investment item for the generality of people who buy it. This means the hope that the value of Bitcoin will increase over time. As a result, they will charge a much higher price in the future.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Why Buy Bitcoin?

Most cryptocurrencies are quite useful, especially when it comes to transactions. However, as a user, when it comes to investing, you have to do your research to find out which is the most suitable way or the most suitable platform for what you need.

In the following part of our guide, we will describe some of the main reasons to buy Bitcoin.

The users of the network themselves set the supply and demand, and it is completely distributed among them. Moreover, sending funds from one end of the world to the other, without intermediaries, and being completely free (between bitcoin wallets) is one of the most powerful reasons to attract investors.

Unlike conventional currencies, bitcoin does not contain a set value, as its price depends solely and exclusively on demand for the currency itself. Instead, the ecosystem members determine the value of the currency based on their transactions.

The currency offers its users the opportunity to remain anonymous. Therefore, it is incomprehensible to comprehend who is behind a Bitcoin account.

However, the most prominent factor is that this cryptocurrency can be a bit volatile, so it is recommended to always start with a minimum amount to avoid losing and get a better understanding of how this cryptocurrency works.

How Much Does It Cost to Buy Bitcoin?

When this guide was written on February 14th, 2022, Bitcoin’s price was $42,084.97, according to information from Coin Market.

In addition, it is recommended that you review the graphs of the different brokers to determine which is the best option in terms of cryptocurrency price.

Finally, it is ranked highest by CoinMarketCap.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Buy Bitcoin with PayPal

As one of the most famous ways to send and receive money online, PayPal is a popular payment processor.
PayPal is a suitable and secure way to make online purchases, and it is quicker than bank transfers and debit cards. But can you buy bitcoins instantly with PayPal? Unfortunately, not many brokers allow you to invest with an electronic wallet. So you’ll need to use a debit card or bank transfer instead in most cases.

Buying Bitcoin Safely

As we already stated in our guide, the most famous cryptocurrency on the planet is Bitcoin.

The first item to remember is that if you trade with an unregulated broker instead of a regulated one, you will possibly end up being the victim of a scam and losing the money you had intended to use as an investment. But, on the other hand, that money could be your life savings.

In order to ensure the safety of Bitcoins and other cryptocurrencies, it is necessary to verify that your trading platform is fully regulated. It is also essential that you find a platform with the right offering and that it fits your expectations and personal circumstances.

It is possible to include different alternatives to select from before finding the alternative that best suits your preferences throughout this process. Therefore, it is imperative to check what the broker presents concerning security when deciding on it. In this form, you can be sure that you are in the right place to make your operation a complete success.

Risks of Buying Bitcoin

Getting money from cryptocurrencies is sometimes a risky business. There are some risks associated with acquiring this type of investment, and we will discuss them throughout this guide. Some risks are specific to cryptocurrencies, but others are specific to Bitcoin.

Indeed, the volatility of Bitcoins must be taken into account, as well as governments that reject this currency’s functionality. For example, cryptocurrencies or digital assets are regulated by the Australian government.

When one invests in these currencies, one buys with the initial idea of receiving profits, the case being that one could receive double what one initially bought when one decides to sell.

Elon Musk has made significant investments in Bitcoin in recent years, as Bitcoin is known to have made large revenues in recent years. However, there is also no assurance that this trend will continue in the future.

On the other hand, it is worth considering that your digital coins can be stolen if your password gets into the hands of the wrong people. Consequently, you need to make sure that you keep your digital wallet safe and secure at all times. It is very common for users to forget their usernames or passwords, making it very difficult for them to regain access to their funds once they have forgotten them.

Remember that you should not invest more than you can lose, especially if you are a beginner in the world of cryptocurrencies.

Every investment will always represent a risk; therefore, it is highly recommended to invest carefully and with great caution.

Selling Bitcoin

Several exchange platforms can be used for the process, but Coinbase might be the best option. You may want to log in to your account as soon as possible if you have one. We encourage you to read this article if you do not already have an Coinbase account.

Direct operations (peer-to-peer) are often the most effective option if you prefer greater control over the sales process. Your identity must be verified before you can use the service.

Unlike exchange platforms where funds are automatically transferred, buyers and sellers directly negotiate. If an item is sought to be purchased at the agreed-upon price, the users will be notified of this. After the payment has been made, the buyer will receive the cryptocurrency.

Because Bitcoin, and the entire ecosystem, in general, have undergone various stages, predicting the price of Bitcoin has been difficult in the past. There have been many attempts to intervene regularly, but the results have been high volatility, with peaks of 60,000 dollars at one point, dropping quickly to 30,000 dollars at another.

Alternatives to traditional banking systems, such as crypto, are excellent and secure.

Bitcoin’s popularity as a payment method has increased since the publication of this guide. However, the final price of a currency is determined by its demand. Furthermore, it is also difficult to predict short-term movements due to the market’s volatility.

Prices are not likely to decrease drastically shortly since investors who did not invest during the financial crisis will see this as their chance to do so, leading to a quick rebound of prices. Cryptocurrencies will remain, whether we like them or not.

Bitcoin Price Forecast

It isn’t easy to forecast the direction of Bitcoin’s price accurately. On the one hand, all experts recognize that Bitcoin is here to stay; unlike in 2017, hardly any financial professionals write it off as a fad. On the other hand, cryptocurrencies are used worldwide and have proven to be as reliable as conventional banking systems. Moreover, many businesses now recognize Bitcoin as a means of payment, and some banks and financial institutions are exploring ways to encourage Bitcoin transactions.

In early 2021, Coinbase, the world’s largest cryptocurrency exchange, held a public stock offering on the NASDAQ stock market, demonstrating the long-term sustainability of the cryptocurrency.

As a result, Bitcoin’s price may continue to rise in the long term. However, as only 21 million Bitcoins can be created, supply will be limited, and demand can only grow if financial institutions simplify the use of Bitcoin alongside traditional money.

On the other hand, short-term forecasts for the Bitcoin price are difficult to anticipate.

The cryptocurrency has seen an extraordinary rise in the last year, and it is still unclear whether current prices can be sustained until 2023. Therefore, it is feasible but far from inevitable that Bitcoin will run into another crash similar to 2018. On the other hand, such a significant drop is less credible, as investors who shunned Bitcoin in 2018 would now view that crash as a huge investment possibility, quickly driving the price upwards.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Where to Buy Bitcoin

Our previous review included a list of the following crypto platforms, through which you can purchase bitcoins in Malaysia:

1. Huobi- Excellent Trading Platform for Buy Bitcoin In Malaysia
2. Binance – The Largest Cryptocurrency Exchange In Malaysia
3. Crypto.com – Over 40 Cryptocurrencies And Stablecoins In Malaysia 
4. Kraken  – Buy 50+ Cryptocurrencies In Malaysia

Best Way to Buy Bitcoin in Malaysia – Huobi Tutorial

Do you want to start buying Bitcoin right now but don’t know where to start? As long as you meet this prerequisite, you will be able to buy using Huobi, and you will only need to follow a few simple steps.

Step 1: Open an Account

The first stage is to create a Huobi account. It only takes a few minutes and requires some basic information. You can sign up with either your email address or phone number. The option that you choose will be used to verify your account so choose whichever option you have access to.

67% of retail investor accounts lose money when trading CFDs with this provider.

 Step 2: Deposit Funds

This is the third and most important step of the process: deposit funds into your account. On Huobi, you can either choose to deposit crypto from a hot wallet or use your card to buy crypto with fiat currency.

If you choose the fiat option, you will need to purchase OTC crypto from Huobi before you can access the trading platform.

Step 3: Buy Bitcoin Malaysia

Once you have funded your account, you will be able to purchase BTC tokens from Huobi. It is also possible to trade BTC currency pairs on this platform.

If you plan to hold your investments long term, it is a good idea to move your BTC to a hot wallet once you have purchased it.

67% of retail investor accounts lose money when trading CFDs with this provider.

Conclusion

As we have discussed throughout this guide, users can choose from several options. However, as we have stressed throughout, it is important to research the credibility of each option. In addition, the majority of cryptocurrency exchanges operate without any brokerage license, so it is important.

To invest in cryptocurrencies, the best option is to trade on a platform like Huobi, which is the best option in this regard. Then, using an online debit/credit card, e-wallet, or debit/credit card, you can purchase Bitcoin in just a few minutes.

Is there anything you can buy with bitcoin? Yes, you can buy a wide capacity of products with bitcoin. From clothes to travel, you can get your money’s worth.

Huobi – Best Crypto Platform to Buy Bitcoin in Malaysia

67% of retail investor accounts lose money when trading CFDs with this provider.

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