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

If you want to buy Ethereum, you should identify the best trading platform according to your needs. This is why we have collected a list of the top crypto brokers and exchanges, along with their features.

This is a guide on how to buy Ethereum in Malaysia. This guide walks you through the investment process step-by-step and discusses the future of this popular digital currency.

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

Imagine you are looking for a place to buy Ethereum in Malaysia, but you don’t know where to find it. In this guide, we explain how and where to buy one of the best digital currencies in Malaysia.

1. Huobi – Best Crypto Exchange With The Most Altcoin Options In Malaysia

As a cryptocurrency exchange and an online financial services company, Huobi is regarded as one of the world’s largest. As well as offering its users a wide range of cryptocurrencies, Huobi also gives its users the chance to participate in initial coin offerings.

Based on the volume of its trades, it could be said that Huobi supports more than 355 different types of cryptocurrencies, making it one of the world’s largest exchanges. Currently, on this platform, there are more than five million users in 130 countries, which represents more than five million people around the world.

By virtue of its daily volume derived from CoinMarketCap, Huobi is ranked third among cryptocurrency exchanges. It is also ranked third along with Coinbase and Bithumb.

To prevent bad actors from spreading malware to Huobi’s cryptocurrency funds, Huobi’s cryptocurrency funds are kept in cold storage off-chain, where hackers cannot access them, and we have implemented a security framework to prevent bad actors from gaining access to them.

2. Binance – The Largest Cryptocurrency Exchange In Malaysia

Binance is the most prevalent cryptocurrency trading platform in the world. They have over 100 million registered users. They support over 500 cryptocurrencies besides Ethereum. So how can I buy Ethereum in Malaysia? Here is one option.

A minimum deposit of $50 is required to purchase Ethereum on Binance.

If you have a background in this field and want to buy and sell in a short period, Binance is a great recommendation. Many diverse instruments are available, and commissions are very low.

Users will be able to buy Ethereum on the platform and trade other cryptocurrencies for ETH.

Commissions on trades at the starting level are set at 0.10%. In addition, a fee of 2% will be applied to any Ethereum purchase made using a debit or credit card.

Ethereum can be privately withdrawn from Binance as soon as it is purchased. An alternative is to use a web wallet. Conveniently, Binance offers the SAFU, as there is a security fund in case of a hack. However, there is a fee for using this fund.

Binance fees

Your capital is at risk.

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

In recent times, cryptocurrency exchanges like Crypto.com have experienced rapid growth all over the world. It is due to a large team of developers and a strong marketing department that the website is fast and secure. In addition, the program provides rewards of up to 14% on over 40 cryptocurrencies and stablecoins through its staking program. Ethereum is one of those coins.

A market capitalization of $16.6 billion has been estimated for Crypto.com, ranking 12th in the list of digital currencies.

The potential of Crypto.com is immense. In addition to margining and cryptocurrency trading, the site is also featured in our list of emerging markets.

It is possible to invest as little as $1 with Crypto.com. As a result, Crypto.com is the best place to locate the best cryptos for you to buy if you are looking for a platform to do so.

Crypto.com fees

Your capital is at risk.

5. Kraken – Buy 50+ Cryptocurrencies In Malaysia

As one of the first cryptocurrency exchanges in the United States, Kraken was founded in San Francisco in 2011 by another cryptocurrency enthusiast. Since then, Kraken has become one of the top five cryptocurrency exchanges in the United States.

On the site, you can get access to live crypto price data for 66 cryptocurrencies and major digital assets. There is also the option of staking your coins to appreciate their value.

On this platform, you will be able to trade Ethereum and other cryptocurrencies. It is possible to purchase Ethereum on exchanges as well.

Aside from its ease of use, low fees, and user-friendly interface, Kraken is one of the most trustworthy and safe cryptocurrency exchanges around.

Ethereum can be bought in Malaysia by using a payment card, either a debit card or a credit card. Once you have your Ethereum, you will need a wallet to keep your crypto.

Kraken fees

Your capital is at risk.

What is Ethereum?

Vitalik Buterin founded Ethereum in 2014 as a decentralized blockchain. You will share information on multiple computers in a network using a blockchain. As an open-source project, Ethereum does not belong to anyone individual. However, the cryptocurrency is the second-biggest globally based on market capitalization and general awareness.

This is a technology developed by the Ethereum community. The same community produces ether (ETH) and thousands of other applications.

Ethereum shares some similarities with Bitcoin, but it also has many differences. Cryptocurrencies are used in both technologies without the involvement of banks or payment providers. In addition, the programmability of Ethereum makes it suitable for other digital assets, including Bitcoin. In this way, Ethereum goes beyond just being a payment system. Along with financial services, Ethereum also offers games and applications.

Ethereum is a platform that allows smart contracts. It is nothing more than a platform that allows these programs to run. An instance of code and data resides at a specific location. Smart contracts function as expected whenever you use them. Because it is programmed, there are no downtimes, censorships, frauds, or infiltrations from third parties.

Ethereum is one of the most prevalent coins in Malaysia. Your research focuses on the cryptocurrency exchanges in the country that support Ethereum and EUR. Either cryptocurrencies or fiat currencies can be used to purchase Ethereum. You can find a guide below that will walk you through the process.

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 Ethereum?

Having said that, why should you buy Ethereum Malaysia based on this information? Ethereum’s blockchain (ETH) is not only a platform for building decentralized applications and new financial technologies, but it also includes a cryptocurrency called Ether (ETH) that is traded today in the markets.

NFTs, smart contracts, and decentralized power applications utilize it. It is imperative to remember that as more people engage with, assimilate, and utilize the Ethereum network, Ether will increase in value as the cryptocurrency driving all of this.

How Much Does It Cost to Buy Ethereum?

If you want to buy Ethereum in Malaysia should first understand that the Ethereum currency can be divided into other simpler denominations, known as weis and gweis. For example, a single Ether is equivalent to one quintillion weis, equally equivalent to one billion gwei. Therefore, unlike the $3,000 an Ether can be worth today, buying the elements for a small fraction of their cost is possible.

Thus, the value of Ethereum is only limited according to the amount of the minimum deposit on the cryptocurrency exchange you wish to employ and the lowest transaction amount.

How to Buy Ethereum with PayPal

PayPal allows you to buy cryptocurrencies such as Ethereum in Malaysia. As a result, cryptocurrencies have seen a strong boost. The leading payment company makes it possible for its users to buy and sell cryptocurrencies and use them in their transactions.

With PayPal, you can buy, hold and sell cryptocurrencies, as well as buy Ethereum.

Transactions are handled seamlessly through the app and website.

You can, in turn, buy through PayPal on sites such as Huobi and Coinbase, and as we have already mentioned, with as little as $25, you can make the purchase.

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

Buying Ethereum Safely

A cryptocurrency does not have bank guarantees, is not regulated, and is extremely volatile.

Cryptocurrency trading in Malaysia is available from several brokers and exchanges. Cryptocurrency exchanges and fraudulent coins have been reported in the industry, however. This is why it is advisable to select a crypto broker or exchange operating for quite some time. Then, a financial regulator recognizes it as trustworthy and has links with other well-established businesses.

Risks of Buying Ethereum

Ethereum is a coin that, since its launch in 2015, has appreciated and that, like all cryptocurrencies, carries some risks when buying it.

First, its volatility makes it prone to price changes. Therefore, it can gain or lose at any time.

If you buy from an unauthorized site, you may run the risk of being scammed; therefore, in this case, you may lose all your money as well as your time.

Investing more than you can lose is also a very important recommendation, so be careful when using your money.

Starting with small investments is a good idea for beginners, as this will reduce the risk of losing your digital assets.

Selling Ethereum

The most suitable platform for this seems to be Binance. Regardless, you can use any platform for exchange. If you have an account on the website, you will need to log in. We encourage those who do not have an Binance account to follow along with this guide.

In contrast, direct operations (peer-to-peer) offer greater control over the sales process. Identity verification has already been completed.

Instead of transferring money automatically, buyers and sellers negotiate directly. The user will be notified when someone offers to buy the item at the agreed price once a sell order has been established. Sellers receive cryptocurrency once the buyer pays.

Ethereum Price Forecast

In the first half of 2023, Ethereum’s price will average $4,500, up from $3,722.59 at the start of 2023.

Ethereum is projected to grow by 148% in the next 5 years, reaching $10,000. As a result, Ethereum may eventually overtake Bitcoin as the dominant cryptocurrency, which investors expect. Nevertheless, it is challenging to say with certainty. Despite its relatively new development, it is becoming very popular among smart contract applications and has great potential for real-life applications.

Where to Buy Ethereum

If you want to purchase Ethereum in Malaysia, you must place your order on a cryptocurrency exchange platform. Throughout the guide, we have mentioned several cryptocurrency exchange platforms. In this guide, we have compiled a list of these platforms:

1. Huobi – Best Crypto Exchange With The Most Altcoin Options 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 Ethereum in Malaysia – Binance Tutorial

This popular brokerage is, without a doubt, the best way for you to purchase Ethereum in Malaysia.

Traders and investors who are just getting started in the world of cryptocurrency and stocks will find this platform very useful. Furthermore, Online Trading at Huobi is free, and there are no commissions to be paid for using the platform.

Step 1: Open an Account

You need to create an Huobi account in order to begin the process of.

You can create an account with either and email address or phone number. The option that you choose depends on which is most convenient for you.

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

Step 2: Deposit Funds

You will find a deposit option on the Huobi page. You can deposit funds with either fiat or crypto assets. If you choose fiat deposit, you can use a credit card, debit card, e-wallet or bank transfer. Crypto deposits can be made by connecting your wallet to the Huobi platform.

Step 3: Buy Ethereum Malaysia

You will have access to your funds once Huobi confirms that your credit has been received. Investing in Ethereum is as easy as typing “Ethereum” in the search bar, clicking “buy,” and selecting the amount you wish to invest.

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

Conclusion

The process of buying Ethereum in Malaysia is easy, convenient, and cost-effective, as we have explained throughout this guide.

One thing to note when purchasing Ethereum is that it must be converted into US currency.

The following link will show you how you can buy Ethereum in Malaysia in the best way with the lowest cost.

Huobi – Best Crypto Platform to Buy Ethereum in Malaysia

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

FAQs

What is Ethereum?

It is a platform for decentralized financial applications powered by the Ether token. Due to its blockchain technology and Proof of Work (PoW) consensus model, it is popular for creating smart contracts and decentralized applications.

Who created Ethereum?

Vitalik Buterin was credited with having conceptualized the original concept of Ethereum. In 2013, he published a white paper that published a description of Ethereum to the general public. In 2015, Buterin and Lubin, as co-founders at ConsenSys, created the Ethereum platform, which has since been named Ethereum. In addition, Ethereum's founders were among the first entrepreneurs who realized the full potential of blockchain technology and enabled virtual currency trading to be done securely over the Internet.

What is the market cap of ETH?

Ethereum's current price is 250 billion U.S. dollars.

Do I need a crypto wallet to buy Ethereum?

Ethereum and other cryptocurrencies are the safest way to store them through a crypto wallet on the web. Through digital wallets, which contain your private keys, you have access to and can spend your digital coins. You may also access your private keys through Ethereum online exchanges in some circumstances.

Can I buy Ethereum in Malaysia?

This guide explains how to buy Ethereum through Huobi, for example, if you have an account in Malaysia.

How much money do I need to buy Ethereum in Malaysia?

You can buy Ethereum from as little as $1 on some platforms in Malaysia.