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In case you desire to know how to invest in Bitcoin in Malaysia, just a couple of aspects are recommended. First, once you have chosen the most appropriate platform to invest in Bitcoin in Malaysia, you need to understand the basic principles of investing in Bitcoin and getting money and other things. Then, you can quickly start adding Bitcoin to your portfolio.

So how can you answer the question: is it good to invest in Bitcoin? Throughout this guide, we will explain the various options for investing in Bitcoin in Malaysia and other questions such as whether it is acceptable to invest in Bitcoin and whether it is wise to invest in it.

Contents

How to Invest in Bitcoin in Malaysia?

You may be wondering, how can I invest in Bitcoin? The easiest way to do this is to buy Bitcoin from a trading platform that allows it, such as eToro.

Here is a step-by-step guide on how to invest in Bitcoin Malaysia through our recommended trading platform, eToro.

Step 1: Open an Account with eToro

By clicking on the “Join Now” button, you can register with eToro and provide your details. Creating an account is a short and simple process.

The user information must include name, phone number, email, password, and username to do so. However, if you register via Facebook or Google, you can skip this step.

how to invest in bitcoin

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.

Step 2: Upload ID

You need to supply your proof of identity and the required documents in order to complete the KYC process. This process only takes a few minutes.

how to invest in bitcoin in malaysia

Step 3: Deposit Funds

In order to deposit funds into your account, you need to click on the “Deposit Funds” button after the KYC process is completed.

To make your deposit, you can use the following payment methods. The available methods are credit/debit cards, PayPal, bank transfer, e-wallets, Skrill and Neteller, Trustly, fast transfer, among others.

invest in bitcoin

Step 4: Buy Cryptos

Once your account has been funded, you can now invest in Bitcoin Malaysia! First, in the eToro dashboard, search for BTC or Bitcoin. Then, click on the Trade Now button to open a Bitcoin overview and continue purchasing the reference asset.

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 invest in Bitcoin?

If you are interested in digital currencies but unsure about investing, here is a list of reasons you should invest as soon as possible:

The decentralization of cryptocurrencies allows you to control your assets

No third parties are involved in your transaction in cryptocurrency trading, making it a decentralized form of trading. The cryptocurrencies you store belong to you, and you have full control over them. Moreover, cryptocurrency prices are not determined by exchanges or brokers.

Cryptocurrencies are mostly deflationary

A cryptocurrency’s limited supply usually results in its deflationary nature since it has a limited supply. This means that their price will increase as time goes on. Most crypto-currencies have a cap on their total supply, determined by an algorithm.

Cryptocurrencies are characterized by transparency and security

Thanks to their transparency and security, the spread of cryptocurrencies have increased enormously. Blockchain technologies increase the security and transparency of cryptocurrency transactions, allowing investors to deposit their money in a large investment with complete security. Additionally, the possibility that cryptocurrencies are open source and publicly verifiable makes them quite popular among traders.

 Crypto-investments provide high yields

Everyone knows that cryptocurrencies provide very lucrative returns to the general public. People can make informed investments that generate huge returns in the short and long term with the support of experts, price history analysis, and other relevant factors.

The presence of various cryptocurrencies such as Bitcoin, Dogecoin, Ripple, and Binance Coin helps investors expand their portfolios and enhance making money through their transactions.

Crypto trading gives you the autonomy and flexibility you need

Trades can be made at any time to suit each trader’s time frame. In the cryptocurrency market, investors and traders are able to make trading decisions at any time after conducting thorough research and analysis, so they have the freedom to trade at any time.

Where you can buy Bitcoin in Malaysia?

It is important to know where you can buy Bitcoins when you learn how to invest in Bitcoins and make money to take advantage of them. As part of our review, we look at five different platforms that allow you to do so and how much Bitcoin to invest on each platform on a minimum basis.

1. eToro – Overall Best Cryptocurrency Trading Platform In Malaysia

invest in bitcoin malaysiaOur overall best crypto trading platform, eToro, offers a smooth and simple trading experience. As well as offering zero commission trading on all assets and a user-friendly interface, eToro has many additional features that will keep you engaged.

For example, in the case of Bitcoin, eToro does not charge any fees aside from the spread of 0.75%. Top regulators such as the FCA, ASIC, and CySEC in the UK guarantee platform security. Your responsibility is to ensure that your accounts are safe and protect your financial information.

How much does eToro require as a minimum investment in Bitcoin? Since the platform offers fractional trading on many of its trading instruments, it is just US$10.

how to invest bitcoin in malaysia

eToro fees

Fee Amount
Commodities trading fee Spread, starting from 2 pips
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5 for Gold tier members and below. Free for Platinum tier and above.

Pros:

  • Spread-only investing in cryptocurrencies
  • 0% commission on all its financial instruments
  • Trade stocks, crypto, forex, ETFs, commodities, and indices
  • The minimum deposit at just US$50
  • Offers card payments, eWallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Beginner-friendly platform
  • Copy-trading and social trading tools
  • Mobile app available

Cons:

  • No support for MT4 and MT5
  • Lacks some advanced tools

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.

2. Huobi – Excellent Trading Platform for Bitcoin In Malaysia

how to invest in bitcoin and make moneyBased in Singapore, Huobi is an online financial services company. Its business focuses on cryptocurrency trading and trading exchanges. The Huobi exchange offers users resources such as Bitcoin, Ethereum, and XRP and an opportunity to participate in initial coin offerings (ICOs) before they enter mainstream use. Established in Beijing, China, Huobi offers users Bitcoin, Ethereum, and XRP. The company’s presence in the Chinese cryptocurrency market grew rapidly following the government’s expulsion of cryptocurrency exchanges in 2017.

The company moved to Singapore because of more favorable crypto law regulations. The largest bitcoin exchange, Huobi, currently supports more than 355 kinds of cryptocurrencies. More than 5 million users are active on the platform, represented by 130 countries. Huobi ranked third on Coinmarketcap’s list of top cryptocurrency exchanges based on daily trading volume. The accessibility of Huobi is the reason for its popularity. It is suitable for both new and experienced users alike.

The process of setting up your account requires only a few minutes of your time. Therefore, it should not be difficult for you, please do not hesitate.

should i invest in bitcoin

Huobi fees

Fee Amount
Crypto Trading 0.20%
Inactivity Fee Free
Withdrawal Fee 1%

Pros:

  • Providing a highly configurable dashboard that’s both smart and user-friendly
  • Over 230 assets are available for trading
  • Traders can simultaneously trade on three different exchanges or platforms
  • Margin trading and leveraged trading
  • In order to ensure high levels of security, cybersecurity is a great tool
  • Funds provided to protect clients
  • Strong and multilingual customer service
  • A comprehensive mobile application

Cons:

  • Fiat currency cannot be deposited or withdrawn
  • Creating an account requires a lengthy process
  • There are too few withdrawals limits
  • This case has a low margin leverage

Your capital is at risk.

3. Binance – The Largest Cryptocurrency Exchange In Malaysia

if i invest $100 in bitcoin todayBinance is the largest cryptocurrency exchange in terms of daily trading volumes. In just four years since its founding, Binance, founded in 2017, has achieved phenomenal success.

There is no fee for depositing money on this crypto exchange; however, users are charged when they trade on this platform. This fee can be reduced by utilizing Binance Coins.

To protect its users’ sensitive information, this exchange uses high-security standards. It is also well known for its liquidity. It allows you to trade in more than 500 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin.

To trade on Binance, users are required to submit KYC information. In addition, a variety of services are offered by this platform, including staking, fiat conversion, and more.

is it safe to invest in bitcoin

Binance fees

Fee Amount
Crypto trading fee Commission, starting from 0.1%
Inactivity fee Free
Withdrawal fee 0.80 EUR (SEPA bank transfer)

Pros:

  • Featuring numerous technical indicators on an advanced charting platform
  • Over a hundred pairs are supported
  • Commissions are very low
  • Supports deposits in fiat currency
  • BNB users receive additional discounts due to low fees

Cons:

  • Deposits made with credit/debit cards are subject to a 2% fee
  • There can be delays in customer service responses

Your capital is at risk.

4. Coinbase – Best Beginner Crypto Trading Platform In Malaysia 

how much should i invest in bitcoinCoinbase has been around since 2012, and it functions both as a crypto exchange and wallet. It is used by 73 million people across over 100 countries. Furthermore, over 10,000 institutions and 185,000 ecosystem partners trust it.

The platform lets you trade a wide range of digital currencies for a fee. However, users must deposit a minimum amount to trade on this user-friendly platform.

This website allows beginners to buy easily, sell, and deal in cryptocurrencies. In addition, it provides health trading experiences to its users by securing and safeguarding their information on its platform. Two-factor authentication (2FA) is used to secure almost all cryptocurrencies.

is it too late to invest in bitcoin

Coinbase fees

Fee Amount
Crypto trading fee Commission, starting from 0.50%
Inactivity fee Free
Withdrawal fee 1.49% to a U.S. bank account

Pros:

  • Featuring numerous technical indicators on an advanced charting platform
  • Support for hundreds of pairs
  • Cryptocurrency beginners will find it easy to use
  • Support for a wide range of cryptocurrencies
  • Cryptocurrency earning opportunities
  • Coinbase Pro offers lower pricing

Cons:

  • Deposits made with credit/debit cards are subject to a 2% fee
  • Responses to customer service requests may be delayed at times

Your capital is at risk.

Invest in Bitcoin Malaysia – Fee Comparison

Platform Crypto trading fee Inactivity fee Withdrawal fee
eToro Spread, 0.75% for Bitcoin $10 a month after one year $5
Huobi 0.20% Free 1%
Binance Commission, starting from 0.1% Free 0.80 EUR (SEPA bank transfer)
Coinbase Commissions starting at 0.50% Free 1.49% to a US bank account

 

What is Blockchain?

It is essential to understand what a blockchain is when discussing investing in Bitcoin in Malaysia. In a blockchain, a block is simply a collection of records. In the specific case of Bitcoin, the information that is stored corresponds to transactions, which are known as a ledger. Since only a certain amount of data can be stored per block, it is necessary to add more blocks to increase the amount of stored data.

Bitcoin has an average of about 1,500 transactions per block, and since there are undoubtedly more transactions for Bitcoin than that, the network has to chain several blocks together, hence the blockchain.

The next thing to understand about blockchains is that they are decentralized. Basically, the blocks are not stored at a single point but various nodes in the system. That means that almost no single entity can enter or alter the data in the entire blockchain.

Another feature of blockchain technology is that, in the case of Bitcoin, in order to add blocks to the network, they must be mined. Since Bitcoin uses the Proof of Work (PoW) consensus method, spending time and computing power to solve the hash function needed to add blocks to the network. In contrast, Bitcoin blockchain miners are rewarded via the blockchain’s native token, Bitcoin.

What to know before you buy Bitcoin

Well, the next thing you may ask yourself is: is it good to invest in Bitcoin now? In order to answer this question, we recommend you to know a few things.

The volatility of cryptocurrencies

Bitcoin, like all other cryptocurrencies, is considered a highly volatile asset. This indicates that the prices of these digital assets can skyrocket quickly and drop just as easily at any given moment. Depending on your strategy, the volatility of cryptocurrencies can also be good or bad. Generally, however, price volatility means increased risk.

Transactions are public

Due to its decentralized nature, all Bitcoin transactions are publicly viewable. That is, anyone who wants to can have access to and view Bitcoin’s numerous transactions. Although public access to your transactions may be difficult, this is a good thing as it allows anyone to mine and confirm these transactions.

Anonymous addresses

Another thing to know about Bitcoin is that transactions are made from one Bitcoin wallet to another. Bitcoin transactions use wallet addresses, letters, and numbers, so to check your account balance and transaction history, anyone checking your wallet address must know your wallet address.

Bitcoin Price Forecast 2022

In the future, Bitcoin can be identified at several Fibonacci retracement levels.

More institutional investors will rebalance their portfolios using Bitcoin due to the increased institutional interest. According to Natixis Investments, 28% of large enterprises have increased their exposure to cryptocurrency. Additionally, some of the most prominent retailers now accept Bitcoin payments, and Visa plans to mandate crypto policies by 2022.

As bitcoin makes its way into corporate and household balance sheets, it becomes treasury management. For example, including Bitcoin as a tax-deductible investment on Tesla’s balance sheet lays the groundwork for governments to tax crypto assets.

Recently elected officials in the United States have called for regulatory guidelines for these assets. For example, according to Eric Adams, the incoming mayor of New York, his first paycheck would be in bitcoin, making the city a crypto-capital.

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.

Is Bitcoin a Good Investment?

The exceptional performance of bitcoin as a currency and investment has attracted traditional and institutional investors alike. Nonetheless, how can bitcoin be used as an investment? First, there are some advantages to traditional assets.

Fluidity. Since Bitcoin is traded on many exchanges and brokerage firms worldwide, it has become one of the most liquid investment assets. Thanks to the low fees, using bitcoins as payment for gold or cash is easy. Cryptocurrencies are also popular as long-term investments.

The risk of inflation is lower. Bitcoins are not inflationary, unlike governmental currencies. Due to its limitless nature, the blockchain system will not allow your cryptos to lose value.

Investing in a minimal way. Stock trading requires a license or certification.

The only way to trade shares of a company is with brokers. However, buying or selling bitcoins requires only placing bitcoins in a wallet. In addition, the settlement process of cryptocurrency transactions is instant, unlike stock transactions that may take days or weeks.

Bitcoin vs. Other Investments

Bitcoin might not be your only investment option, so you might not only be concerned about how to invest in Bitcoin in Malaysia. There are a number of other crypto investments that you can consider, including Ethereum and Litecoin. Compared to Bitcoin itself, these crypto-assets offer a completely different system and application.

It is also known that the stock market is a popular short-term investment category similar to Bitcoin, which is well-known for its volatility. As you can see, the stock market offers you the opportunity to invest in actual companies that have a chance of growing in the future.

How to Invest in Bitcoin Malaysia – Pros & Cons

Many traditional investors think that investing in bitcoin is not very easy. However, the truth is that currently, many cryptocurrency platforms simplify Bitcoin investment, which is far from the truth.

You will learn how to invest in Bitcoin through a regulated broker, safe and with low commissions.

A few steps to get started with Bitcoin trading.

We recommend eToro to investors who are interested in Bitcoin (BTC).

– Register with eToro – Click on the “Join Now” button on eToro, then provide the necessary documentation.
– Deposits can be made via wire transfer, credit card, PayPal, Skrill, Neteller, and other payment methods.
– Enter BTC in the search bar to find the currency.
– When you click on “Trade,” you will be taken to the order page, where you can specify the amount of BTC you would like to buy. Finally, click on “Open trade” to conclude the transaction.

How to Store your Bitcoin in a Secure Wallet?

eToro Money Wallet

There are numerous tools and functionalities in eToro’s Bitcoin wallet that will be easy to handle for traders who are new to Bitcoin. So, for example, the wallet supports 120 digital currencies beyond bitcoin. In addition, you can easily store all your crypto assets in one wallet if you have different crypto assets.

The eToro wallet is free to download for iOS and Android devices. Opening a wallet within the app allows you to start trading cryptocurrencies directly. Also, eToro has more than 500 cryptocurrencies and can exchange cryptocurrencies.

The Guernsey Financial Services Commission (GFSC) regulates and licenses eToro’s Bitcoin wallets. If you lose your private keys, you can recover your wallet using a password recovery service.

It’s worth checking Reddit for Bitcoin news and sharing. More than 2.9 million people are active members of the Bitcoin community.

There are interesting posts and opinions every minute in the Bitcoin Reddit group. If you are not an associate, you can view posts on Reddit, but it is recommended that you register as soon as possible to post and reply to comments.

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.

Coinbase Wallet

Coinbase turns out to be an extraordinary cryptocurrency wallet. Thanks to it, it is possible to achieve more effective crypto transactions and greater security shortly. Apart from being compatible with a certain number of digital currencies, the wallet is compatible with other wallets and fiat currencies. As a result, Coinbase’s wallets are among the easiest to use and feature the highest degree of security.

This wallet is a welcome addition to users of the Coinbase exchange platform. It is easy to use for beginners and experts alike. What’s more, thanks to its comprehensive security measures, zero hacking histories, ease of use, and overall good reputation, the Coinbase wallet appeals to cryptocurrency lovers worldwide.

Binance Exchange Wallet

The Binance cryptocurrency wallet is the Trust Wallet, which can be installed on both iOS and Android devices to store Binance cryptocurrencies. In addition, it allows you to employ decentralized apps, as well as staking services, and other features to earn passive income from your cryptocurrency holdings using the Binance Trust Wallet. The wallet can also be used to exchange cryptocurrencies on different DEXs using a number of different cryptocurrency exchanges.

Compare Malaysian Bitcoin Exchanges

eToro Huobi Binance Coinbase
Regulatory/Safety bodies FCA, CySEC N/A N/A NYDFS
Minimum deposit US$50 US$100 US$20 US$50
Number of cryptos 49 348 100+ 50+

Is Bitcoin Mining a Better Investment?

Previously, this guide mentioned How to Invest in Bitcoin in Malaysia; everyone can mine Bitcoin. However, whether Bitcoin mining is the best investment is an entirely different question.

When it comes to mining Bitcoin, you have to consider the computing power, electricity costs, and even time. Despite many cryptocurrencies mining companies such as Marathon Digital Holdings and Riot Blockchain, some people mine Bitcoin using their equipment.

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.

Is Bitcoin Staking a Better Investment?

Keeping cryptocurrencies on an exchange over time can earn you interest or rewards. Such is the case with proof-of-stake. A staking pool full of cryptocurrencies will earn you a percentage yield based on the number of coins in your pool.

You need to stake more coins if you want to increase your earnings. Staking has recently become popular among crypto enthusiasts as it allows traders to earn interest or rewards through passive income. A revolution in this industry is on the horizon with the launch of Ethereum 2.0 staking.

Taxes and Regulations Regarding Bitcoin in Malaysia

According to Malaysian legal frameworks, crypto assets are not explicitly regulated. However, the Capital Markets and Services (Prescription of Securities) (Digital Currencies and Digital Tokens) Order 2019 (order 2019) regulates cryptocurrencies and digital tokens through the prescription of securities, where digital currencies or digital tokens that meet the criteria stipulated in the order will be regarded as securities in Malaysia.

Conclusion

In terms of global investments, Bitcoin has proven to be a long-term investment option. People want to invest in bitcoins because the value of bitcoins has increased more than 1,000% in the past year. Bitcoins are held for potential gains in the future. This led to ten billionaires buying bitcoins here, including Elon Musk, Mark Cuban, and George Soros.

Our recommended broker, eToro, is the best place to invest in Bitcoin right now. Transactions take just three minutes.

eToro – Buy Bitcoin With 0% Commission in Malaysia

minimum amount to invest in bitcoin

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.

FAQs

How much to invest in Bitcoin?

The amount of investment may vary in relation to personal aspirations, disposable income and other circumstances. In any case, one should not invest too much money in cryptocurrencies because of excessive risk and also should not invest too low ( e.g. $50) because of unmanageable losses.

How many people are investing in Bitcoin?

While there is no precise data on how many people are investing in cryptocurrencies, the number is growing. It is estimated that there are more than 100 million investors in this type of digital assets, and some suggest that 10% of the world's population has invested in cryptocurrencies.

How to learn to invest in Bitcoin?

eToro trading platform offers information about how to start, what trading strategies you should employ, and how to use price analysis, experts' opinions, market news, and more.

How to invest in Bitcoin ETF?

Go to the eToro markets page after creating an account on the platform. You should then choose which ETFs you want to invest in and which fund you want to trade. Clicking on the trade button will then allow you to trade the ETF.

Are banks investing in Bitcoin?

Bitcoin has been heavily invested in by many major institutions. Several big names have invested in Bitcoin and other cryptocurrencies, including Standard Chartered and Morgan Stanley.

What is the best cryptocurrency to invest in?

Considering current price trends for Bitcoin, it would be the best investment avenue for traders wishing to make huge returns. Furthermore, Bitcoin has a promising future. By 2025, the number will reach $330,000.

About Carlos Sereno
About Carlos Sereno

Journalist from Universidad Jorge Tadeo Lozano. Translator of Spanish and English. English as a second language. Interested in International media and sports media.