With the hype of bitcoin coming in for the past few years, everyone is interested to know what cryptocurrency is all about. It does look like it is slowing down since the beginning of 2018 however if you look at the trend for the past few years, it is just a buffer period. And we do believe that the price will eventually go up to its highest peak again. So, is it something to be considered as an investment? The fact that it is so easily accessible as compare to shares and able to just get it as fast as within one day. Not to mention the returns is insane! It is something that investors should take a look and consider it. However do bare in mind it is a very risky product to invest in, so only put the money if you are fine losing them. Here are few ways you can get your hands on it in Malaysia.

Purchase through local marketplaces
Local marketplaces are just an intermediary between two person. You are purchasing or selling your bitcoin through another party. It is as simple as listing your buy or sell such as listing your products in mudah, carousel or shopee. The intermediary does not sell or buy their own products.

1) Remitano

Incorporated in Seychelles, it has been expanding to various developing countries such as Malaysia. It is fairly new compare to other marketplace such as localbitcoins, their support are great however it is still apply to the downside of a marketplace. Such as buying and selling bitcoin to another party that still encounter risk, since you might be dealing with more than one person that could result in scams.

2) Localbitcoins

One of the prominent player in the bitcoin marketplace scene internationally. They have a simple interface to allow users to quickly execute their purchase and some users might required additional verification in order for other users to trade with them. However, the downside is still the risk of trading with another user instead of one trusted entity such as a bitcoin exchange.


Bitcoin exchange Malaysia
These exchanges work similar as your normal currency exchange. They allow traders to trade with other different alternative cryptocurrencies in the open market. However, they are the one that will be keeping your funds so security plays a major role in this situation. Some of them also allow you to get bitcoin from them instantly through them.

1) Luno

Luno, formerly known as BitX is a well known exchange platform in Malaysia. You can buy or sell bitcoin instantly or you can trade in their exchange market. The downfall is however, they have issue with Malaysia government regulation and it has not been solved yet. Therefore, withdrawing will be an issue since their bank account is currently not working. We would advice you to stay away from it as for now.
2) Dranite (Not launched)

We been hearing news that a new bitcoin exchange will be launching and been getting quite a hype. This exchange as shown on their website mentioned that they are solving the issue that Malaysians are facing. Trust, security and a more diverse choices of cryptocurrencies. They are planning to launch end of March in Malaysia and to open up a total of 5 different cryptocurrency so local users can get their hands into these crypto without looking for international exchange that could be costly as these international exchanges do not accept other fiat currency such as MYR.