Selling your Bitcoin for cash is the most preferred method. You can sell it through cryptocurrency exchange platforms, P2P platforms, and also Bitcoin ATMs. For Malaysians, you need to ensure the platforms are approved and regulated by Malaysia’s Security Commission. Find an existing seller looking to sell Bitcoin Cash (BCH) or create a new buy order yourself. Open a trade with your chosen seller and they’ll send the BCH to the blind escrow account. Once you’ve sent the agreed payment via bank transfer or other payment method, . BloomX is a Bitcoin weekly webcast by our friends from Makati Philippines every Tuesday pm GMT+8. Zoom Link. VIEW DETAILS HIVE Team Malaysia. HIVE is a social media platform where you can earn cryptocurrency by posting content on it. Malaysia has a pretty huge HIVE community of over 1, registered users and growing.
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Andrew Munro. Fact checked. Navigate Cryptocurrency Cryptocurrency What is cryptocurrency? Cryptocurrency exchanges Cryptocurrency wallets How to buy Bitcoin. IO Coinmama CoinSwitch. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.
It is not a recommendation to trade. If you already have Bitcoin on the platform, you may proceed to sell it directly. If not, you will need to deposit the Bitcoin from your private wallet to your Coinhako wallet. Select the currency you want to exchange for BTC. Review transaction details. Once the transaction has been processed, withdraw the MYR to your bank account.
Disclaimer: Volatile investment product. You should consider whether you can afford to take the high risk of losing your money.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. Go to site View details. Binance Cryptocurrency Exchange. Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers. Kraken Cryptocurrency Exchange. Buy, sell and trade a range of digital currencies on this high-liquidity exchange — suitable for beginners right through to advanced traders.
UK residents: In addition to normal crypto trading, Kraken offers margin lending. StormGain Cryptocurrency Exchange. Stormgain aims to make cryptocurrency trading easy, and also lets you buy crypto with fiat via Simplex. UK residents: In addition to normal crypto trading, Stormgain offers margin lending. Coinmama Cryptocurrency Marketplace. Founded in , CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery. Paxful P2P Cryptocurrency Marketplace.
Bank transfer,Cash,Credit card,Cryptocurrency,Debit card. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods. IO Cryptocurrency Exchange. Disclaimer: Highly volatile investment product. Your capital is at risk. Paybis Cryptocurrency Exchange. Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.
CoinSwitch Cryptocurrency Exchange. Credit card,Cryptocurrency. CoinSwitch allows you to compare and convert over cryptocurrencies across all exchanges. Bitfinex Professional Trading Exchange. Cryptocurrencies are a highly volatile investment product. Spot trade all of the major cryptos on this full-featured exchange and margin trading platform. KuCoin Cryptocurrency Exchange. Credit card,Cryptocurrency,Debit card.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Changelly Crypto-to-Crypto Exchange.
Credit card,Debit card. BitBay Cryptocurrency Exchange. Remitano P2P Cryptocurrency Exchange. Bank transfer,Cryptocurrency. A peer-to-peer exchange where users can trade bitcoin and select major altcoins with several fiat currency options.
Bibox Cryptocurrency Exchange. Trade crypto to crypto with a choice of over currencies on this global exchange based in China. YoBit Cryptocurrency Exchange. Coinbase Digital Currency Exchange. Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges. Indacoin Cryptocurrency Exchange. Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
View details. OKEx Cryptocurrency Exchange. Bank transfer,Cryptocurrency,WeChat. Listing over cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from. Huobi Cryptocurrency Exchange. Huobi is a digital currency exchange that allows its users to trade more than cryptocurrency pairs. Bithumb Cryptocurrency Exchange. Cryptocurrency,Wire transfer.
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies. Bittrex Digital Currency Exchange. Bitstamp Cryptocurrency Exchange. A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins. ShapeShift Cryptocurrency Exchange. Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin. Bitit Cryptocurrency Marketplace.
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes. CoinBene Cryptocurrency Exchange. A decentralised cryptocurrency exchange where you can trade over ERC20 tokens.
Hotbit Cryptocurrency Exchange. Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto. Load More. Compare up to 4 providers Clear selection. What's in this guide? Where to sell Bitcoin in Malaysia A step-by-step guide to selling Bitcoin How to choose the best way to sell Bitcoin How to sell Bitcoin: what are my options?
Withdrawing your funds after the sale When is the right time to sell Bitcoin? Step 1. Step 2. Deposit Bitcoin into your account. Added: What does a Bitcoin wallet address look like? Step 3. Sell Bitcoin. Step 4. Withdraw MYR. Register on an exchange that lists BTC.
Remember to enable 2-factor authentication on your account before proceeding any further. Deposit BTC into your account. Sell BTC. Transfer your new cryptocurrency into a secure wallet.
Selling to a cryptocurrency broker. Pros: Convenient, quick and easy, allows you to exchange BTC for fiat Cons: Transaction fees can sometimes be steep or the rates poor, ID verification process can cause delays. Selling through a cryptocurrency exchange market.
Why might you choose this option? If you want to set your own price and enjoy greater control over the sale process Pros: Could help you get a better price, provides you with more flexibility and control over the sale process Cons: Slower than using a broker, options may be limited for certain fiat currencies, can take longer if you want to ensure a good price.
Selling via a Bitcoin ATM. If you want a quick and easy way to turn your Bitcoin into cold, hard cash. Pros: Quick and easy, a fast way to cash out your Bitcoin when you need fiat currency Cons: Bitcoin ATMs particularly those that let you sell BTC can be difficult to find, and have high transaction fees.
Selling peer to peer. PayPal Cash. How can I sell Bitcoin for cash? Alternatively, you could arrange to sell your Bitcoin through a peer-to-peer marketplace that accepts cash as a payment option, either meeting someone in person to accept payment or asking them to send a cash transfer through a payment service such as Western Union.
How can I spend my cryptocurrency with a Bitcoin debit card? Bitcoin debit cards are linked to your cryptocurrency balance. They allow you to load your card with BTC, which is then converted into MYR by the card provider so you can use it to buy goods and services in-store and online, or withdraw cash from an ATM.
How can I sell Bitcoin using PayPal? You can sell Bitcoin through a peer-to-peer marketplace that accepts PayPal payments, such as LocalBitcoins or Paxful , or use an exchange like VirWox. Can I sell Bitcoin for another crypto within my wallet? Malaysia is among the latest countries that have rolled out a framework to regulate cryptocurrencies such as Bitcoin. The country now recognizes cryptocurrencies as securities, so they will now be regulated by the Malaysian Securities Commission.
The regulations came into force from Jan. They require cryptocurrency exchanges and initial coin offerings ICOs in the country to register with the agency before March 1, with all the required documentation. However, the government has clarified that Bitcoin will be treated as a security only when it is traded or is not issued by government bodies or central banks that are specified by the Securities Commission.
But Bitcoin would be treated as a means of payment in case it is used to buy goods or services, such as a plate of Nasi Kerabu. The Malaysian government believes that the move to regulate cryptocurrencies in the country will boost adoption of the likes of Bitcoin. However, there might be painful short-term implications for exchanges, as they will not be able to offer their services until they are reviewed by the Commission.
In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternate asset class for investors.
So, it is evident that Malaysia is looking to boost the adoption of cryptocurrencies like Bitcoin. Our Bitcoin buying guide in Malaysia shows that there are nine cryptocurrency exchanges from where users can buy their Bitcoin. However, users need to keep in mind that the new regulations could impact some of the cryptocurrency exchanges in the country, and they should first get a wallet to store their Bitcoins. Some exchanges have their own wallets, while some require you to get one on your own.
Getting your own wallet is always a safer bet and our guide on the best Bitcoin and cryptocurrency wallets will help you choose one. Once you have a wallet for yourself, the next task is to choose the cryptocurrency exchange. Choosing an exchange will be driven by various factors such as safety, transaction fees, ease of use, buying limits, verification levels, and payment options supported.
Buying Bitcoin from an exchange typically requires you to sign up and verify yourself, add a payment option, fund your account, and purchase Bitcoin which will then be stored in your wallet. Malaysia also gives users quite a few avenues to spend their Bitcoin. One of the main concerns people have about money transfer is the hidden fees. Even if the bank is transparent about the money they charge you for money transfers, standard fees cost a lot.
Online transaction companies have lower fees but they come with problems of their own. A service like PayPal has all of the power over your transactions and can cancel them any time they want. They can even close your account without an explanation. In other words, they have full control in every situation. Digital currencies give people the freedom to bypass all of the fees, regulations, and other inconveniences.
However, most crypto platforms are centralized. Centralized platforms simply offer too little safety. In the last decade, there were 56 registered cyber-attacks on centralized cryptocurrency exchange platforms. That means you need to find a fully decentralized platform if you want to stay completely safe. Unlike many other cryptocurrencies, Tracto is not just trying to cash in on the popularity of Bitcoin and Ethereum but also be a platform that offers something more.
Their main goal is to provide users around the world with a secure and free-of-charge method of making crypto and fiat transactions. As mentioned, you need a decentralized network if you want your crypto assets to stay as safe as possible.
Right now, the coin operates on the Ethereum network but that will probably change soon. People behind Tracto Coin are currently working on their blockchain. This will make things go a lot smoother and make transactions even more secure. People who are worried about the safety of their crypto assets should look into using Tracto Coin. At the moment, there are 70 million TRCTs in circulation and the number will grow when the user-base becomes larger. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.
Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.