8 Best Crypto Exchanges in Malaysia

KuCoin is one of the largest crypto exchanges in the industry, popular for its wide range of coins, advanced trading features, and a variety of passive income opportunities. It offers a perfect balance between user-friendliness and advanced trading features, making it ideal for all types of users.

• Complete Crypto Ecosystem: KuCoin offers a true all-in-one crypto experience, offering spot and derivatives trading alongside earn products for passive income, and a built-in Web3 wallet that lets users explore DeFi protocols and dApps.
• Direct MYR Support: KuCoin lets users instantly buy crypto using a bank card or Apple/Google Pay. It also features a P2P marketplace with several verified merchants supporting local MYR payment methods including bank transfer, Touch n Go, and Big Pay.
• Low Fees & Deep Liquidity: KuCoin offers competitive trading fees, with spot fees starting at just 0.1% and derivatives fees of 0.02% maker and 0.06% taker. It also ranks among the top exchanges for liquidity, ensuring minimal slippage and tight spreads.

Paybis is an EU-based platform that is popular for letting users quickly and easily buy and sell crypto for fiat currency. It offers a user-friendly interface that makes it easy for beginners and first time investors, thanks to a guided buying process and intuitive user interface.

• Instant MYR Purchases: Paybis lets Malaysian users instantly buy crypto in Malaysian Ringgit using a bank card. This simplifies the on-ramping process and removes the need for users to make complicated bank transfers.
• No Mandatory KYC: Paybis lets users buy up to $1,000/4,000 MYR worth of crypto without requiring users to pass full KYC verification. This speeds up the on-ramping process as you don’t need to wait for your documents to be reviewed.
• Transparent Fee Structure: Paybis clearly shows the final amount of crypto you will receive before you confirm the transaction, with a breakdown of all fees incurred. This helps users avoid surprises as there are no hidden fees or charges.

BTCC is one of the longest running exchanges in the industry, founded in 2012. It is popular for its professional-grade trading platform, high leverage, range of trading instruments, and flawless security record. Its support for tokenized stocks/indices, forex, and commodities make it a favourite among advanced traders.

• Advanced Trading Platform: BTCC offers a professional-grade trading platform with advanced charting, a full range of conditional order types, 500x leverage, and deep liquidity across a wide range of markets.
• Range of Trading Instruments: While BTCC is known for its spot and derivatives crypto trading, it also offers a wide range of markets covering Forex, Stocks, Indices, and Commodities. This gives advanced traders greater flexibility to trade different markets depending on market conditions.
• Robust Security: BTCC has a flawless security record with no past security breaches or fund losses. It offers robust security measures, including 2FA, fund passwords, and withdrawal whitelists, alongside transparent Proof of Reserves for added peace of mind.

Kraken is a US-based exchange that is known for its robust security and dedicated beginner-friendly platform. It is one of the oldest and most trusted exchanges in the industry, with a reputation for strong global regulatory compliance and industry-leading security.

• Beginner-Friendly Interface: The standard Kraken app is intuitive and easy to navigate, letting first time investors easily explore various crypto markets. Its simple Buy/Sell interface makes it simple to Buy Crypto or set up Recurring Orders.
• Transparency: Kraken is fully transparent with its fee structure, with all trading and deposit fees clearly listed on its website. It also offers fully transparent Proof of Reserves, letting users verify the exchange holds enough reserves to back user deposits.
• Flawless Security Record: Kraken has never suffered a security breach or loss of customer funds, thanks to its industry-leading security measures. Air-gapped cold storage, 2FA, and leading security certifications ensure maximum security for both user assets and personal data.

Luno is a UK-based exchange that focuses on global markets, including Malaysia, with local regulatory compliance and direct support for local payment methods. It is licensed and regulated locally, making it perfect for users looking for a Malaysia-regulated exchange.

• Direct MYR Support: Luno supports instant deposits via FPX bank transfer, with zero deposit fees on deposits over RM100. It also supports deposits via Touch ‘n Go eWallet for seamless, instant fiat deposits.
• Regulatory Compliance: Luno is one of the few exchanges to hold a license as a Recognized Market Operator issued by the Malaysian Securities Commission. This ensures the exchange complies fully with Malaysian regulations.
• Built for Malaysian Users: Luno offers a clean, user-friendly interface with integrated staking support and robust security measures. It also offers its platform natively in Malay, making it perfect for Malaysian users.

Bitget is a leading crypto exchange that prioritizes security and transparency alongside offering advanced trading features. While it’s most popular for its derivatives and copy trading, the exchange also has a flawless security record and robust measures to protect user assets.

• Flawless Security Record: Bitget has never experienced a security breach or loss of customer funds, thanks to its robust security measures. It employs 2FA, biometric authentication, and cold storage of user assets to ensure maximum safety and security.
• $700m Protection Fund: Bitget maintains one of the largest self-insurance funds in the industry, with over $700m set aside to cover user assets in the event of unforeseen circumstances, like a security breach.
• Transparent Proof of Reserves: Bitget uses a Merkle Tree-based Proof of Reserves system that lets users individually verify that the exchange holds enough assets in reserve to cover all user deposits.

MEXC is a global exchange that is known for its zero maker fees and wide coin selection. Its high leverage and 0% maker fees make it perfect for high leverage and high volume traders who primarily use limit orders, whilst its wide coin selection also appeals to altcoin and fee-conscious traders.

• Zero Maker Fees: MEXC stands out from its competitors for offering 0% fees on maker orders for both spot and futures trades. This makes trading free when using limit orders and is perfect for fee conscious traders.
• Up to 500x Leverage: MEXC offers up to 500x leverage on selected futures markets, making it suitable for advanced traders looking to trade high-leverage strategies.
• Coin Selection & Liquidity: With over 1,900 spot coins, MEXC has one of the largest and most diverse offerings in the industry. It also maintains deep liquidity across almost all its trading pairs, ensuring rapid trade execution and minimal slippage, even on niche coins.

Blofin is a derivatives-focused exchange that also prioritizes its users’ privacy and anonymity. It offers an advanced trading platform and access to a wide range of markets, all without requiring personal information or identity documents.

• No Mandatory KYC: Blofin lets users register and start trading without requiring any personal information or identity documents. Users can also buy crypto with fiat without requiring full KYC verification.
• Advanced Trading Platform: Blofin’s trading platform is designed for derivatives trading, with a range of advanced features including TradingView charting, a range of conditional orders, and support for API & high-frequency trading.
• Robust Security Measures: Blofin has a flawless security record, with no security breaches or loss of customer funds. It has also partnered with industry-leaders Fireblocks for its asset custody and offers insurance coverage in case of hacks.