Best Crypto Exchanges in Malaysia (2025)

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The cryptocurrency landscape in Malaysia continues to evolve, offering residents increasing access to digital assets through a growing number of regulated and user-friendly platforms. With the Securities Commission Malaysia (SC) actively overseeing digital asset exchanges and Bank Negara Malaysia (BNM) enforcing anti-money laundering standards, Malaysian investors now have safer, more transparent options than ever before.

For those looking to enter the crypto market or optimize their trading experience, choosing the right exchange is crucial. This guide explores the best crypto exchanges in Malaysia, evaluating them based on key factors such as regulatory compliance, supported cryptocurrencies, trading fees, MYR deposit methods, and user experience.

Top Crypto Exchanges in Malaysia

Malaysian users benefit from a diverse selection of global crypto platforms that support the Malaysian ringgit (MYR), local bank transfers (including FPX), credit card payments, and e-wallets like Touch ‘n Go. Below are the top five exchanges trusted by Malaysian traders in 2025.

1. Bitget – Best for Beginners and Altcoin Traders

Trading Fees (Spot): 0.1% (maker/taker)
Futures Fees: 0.02% maker / 0.06% taker
Supported Cryptocurrencies: 871+
MYR Support: Yes (via P2P, credit card, bank transfer)

Bitget has emerged as a leading choice for Malaysian traders due to its intuitive interface, extensive altcoin selection, and strong support for fiat onboarding. The platform supports seamless MYR deposits through various methods, including credit cards and peer-to-peer (P2P) trading.

👉 Discover how Bitget makes crypto trading simple for Malaysian users.

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Bitget also offers advanced tools like copy trading and automated bots, making it suitable for both new and experienced traders. Its integration with Google Pay and Apple Pay enhances convenience for mobile users.

2. Kraken – Most Regulated and Secure Exchange

Trading Fees (Spot): 0.25% maker / 0.40% taker
Futures Fees: 0.02% maker / 0.05% taker
Supported Cryptocurrencies: 323+
MYR Support: Indirect (via EUR/USD with local card/bank)

Kraken stands out for its robust regulatory compliance and security protocols. Although it doesn’t directly support MYR, Malaysians can easily deposit funds using international credit cards or bank transfers in USD/EUR.

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Kraken’s clean interface and educational content make it ideal for beginners, while its futures platform appeals to more active traders seeking leverage up to 50x.

3. Binance – Largest Exchange with Most Features

Trading Fees (Spot): 0.1% (maker/taker)
Futures Fees: 0.02% maker / 0.05% taker
Supported Cryptocurrencies: 414+
MYR Support: Yes (P2P, card, e-wallets)

As the world’s largest crypto exchange by volume, Binance offers unmatched liquidity and a comprehensive suite of products—from spot and futures trading to staking, lending, NFTs, and AI-powered trading bots.

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Binance’s P2P marketplace is particularly popular among Malaysians, allowing direct MYR trades without intermediaries.

4. MEXC – Lowest Fees & Highest Leverage

Trading Fees (Spot): 0.00% maker / 0.02% taker
Futures Fees: 0.01% maker / 0.04% taker
Supported Cryptocurrencies: 2,437+
MYR Support: Yes (credit card, bank transfer)

MEXC is a favorite among high-frequency and altcoin traders thanks to its ultra-low fees and massive coin selection. It offers one of the most competitive fee structures in the industry—with zero maker fees on spot trades.

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👉 See why MEXC is gaining popularity among Malaysian day traders.

While MEXC doesn’t have the same brand recognition as Binance or Kraken, its performance-driven model makes it a powerful tool for experienced traders focused on cost efficiency.

5. Luno – Simplest Entry Point for New Users

Trading Fees (Spot): 0.4% maker / 0.6% taker
Futures Fees: Not supported
Supported Cryptocurrencies: 25+
MYR Support: Yes

Luno focuses on simplicity and security, making it an excellent choice for first-time investors. Operating since 2013, it’s one of the most compliant exchanges globally and prioritizes regulatory adherence.

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Luno is best suited for long-term holders who want a hassle-free way to buy Bitcoin and Ethereum without navigating complex trading interfaces.

Is Crypto Legal in Malaysia?

Yes, cryptocurrency is legal in Malaysia but strictly regulated. The Securities Commission Malaysia (SC) classifies digital tokens as securities under the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019. Only SC-approved exchanges can operate legally.

Additionally, Bank Negara Malaysia (BNM) requires all crypto service providers to register under AML/CTF laws. This dual regulatory framework ensures investor protection while curbing illicit financial activity.

However, crypto is not legal tender—meaning businesses aren’t obligated to accept it as payment.

Is Crypto Taxable in Malaysia?

As of 2025, capital gains from personal crypto trading are not taxed in Malaysia, as the country does not impose a general capital gains tax. However:

Always consult a licensed tax advisor to ensure compliance based on your specific activities.

How to Buy Crypto in Malaysia – Step-by-Step

  1. Choose a Regulated Exchange: Pick an SC-approved platform like Bitget or Kraken that supports MYR.
  2. Sign Up & Complete KYC: Provide ID and proof of address to verify your identity.
  3. Deposit MYR: Use FPX, credit card, or e-wallet to fund your account.
  4. Buy Crypto: Purchase BTC, ETH, USDT, or other supported assets.
  5. Store Safely: Transfer holdings to a secure wallet for long-term storage.

👉 Start your crypto journey today with a trusted global exchange.

Best Crypto Wallets in Malaysia

Secure storage is essential after purchasing crypto. Consider these reliable options:

Always download wallets from official sources to avoid phishing scams.

Frequently Asked Questions (FAQ)

Is it safe to trade crypto in Malaysia?

Yes, as long as you use SC-regulated exchanges and follow security best practices like enabling two-factor authentication (2FA) and using hardware wallets.

Can I buy crypto with MYR?

Absolutely. Platforms like Bitget, Binance, and Luno allow direct purchases using MYR via bank transfer, credit card, or e-wallets.

Which exchange has the lowest fees in Malaysia?

MEXC offers the lowest trading fees, including zero maker fees on spot trades—ideal for active traders.

Do I need to pay tax when I sell crypto?

Not if you're a casual investor. But if you trade frequently or run a crypto-related business, profits may be subject to income tax.

Can I trade futures in Malaysia?

Yes, platforms like Bitget, Kraken, and Binance offer futures trading with leverage up to 125x, though these products carry higher risk.

What’s the easiest way to start buying crypto?

Use Luno or Bitget—both offer simple onboarding, MYR support, and mobile apps tailored for beginners.

Choosing the right crypto exchange depends on your goals—whether you're a beginner looking for ease of use or an advanced trader focused on fees and leverage. With clear regulations and growing adoption, Malaysia remains a promising market for digital asset investors in 2025.