Choosing the right cryptocurrency exchange is crucial for traders in Malaysia, whether you're just starting out or actively managing a portfolio. With growing interest in digital assets, it's essential to select platforms that are secure, reliable, cost-effective, and tailored to local needs. Based on in-depth analysis of over 100 exchanges using 140+ measurable data points, we’ve identified the top crypto trading platforms available to Malaysian users.
Our evaluation focuses on key factors such as security, fees, regulation, usability, supported cryptocurrencies, and advanced trading tools—ensuring both beginners and experienced traders can make informed decisions.
Top Cryptocurrency Exchanges in Malaysia
Bybit – Best for Active Traders
Bybit stands out with its low trading fees and robust futures market liquidity. It supports both spot and derivatives trading, offering intuitive interfaces across web and mobile platforms. Integration with TradingView enhances technical analysis capabilities, while deep order books provide transparency into market depth.
👉 Discover a platform built for high-performance trading and real-time market insights.
MEXC – Best for Additional Futures Opportunities
With access to over 120 cryptocurrencies and frequent trading competitions, MEXC appeals to users seeking variety and engagement. The platform offers staking rewards and an affiliate program with up to 80% commission sharing, making it attractive for passive income seekers.
Binance – Best Liquidity in Top Coins
Binance dominates in trading volume for major assets like Bitcoin (BTC) and Ethereum (ETH). Its global presence ensures high liquidity, fast execution, and competitive pricing. While the interface can be complex for newcomers, Binance compensates with extensive educational resources and a powerful native token (BNB) that reduces trading fees.
Bitget – Best for Social and Copy Trading
Bitget excels in social trading features, allowing users to copy successful traders automatically. It also supports algorithmic trading bots and offers demo accounts—ideal for learning without risk. Strong security measures include cold wallet storage and two-factor authentication (2FA).
HTX (formerly Huobi Global) – Best for Beginners
HTX provides a simple user interface and low minimum deposits (starting at $1), making it accessible for new investors. However, it lacks formal regulatory licensing and educational content, which may limit long-term trust for some users.
Key Evaluation Criteria
To determine the best crypto exchanges in Malaysia, we assessed each platform across five core areas:
- Security & Regulation: Prioritizing exchanges with Tier-1 regulatory compliance, cold storage solutions, and no history of breaches.
- Trading Fees: Analyzing maker/taker fees for spot and futures markets, plus deposit/withdrawal costs.
- User Experience: Evaluating app design, customer support availability, and ease of navigation.
- Available Assets: Checking the range of tradable cryptocurrencies, including stablecoins and altcoins.
- Local Accessibility: Confirming support for Malaysian Ringgit (MYR), P2P trading, and local banking options.
Are Crypto Exchanges Safe in Malaysia?
Safety remains a top concern. The most secure platforms feature:
- Two-Factor Authentication (2FA)
- Cold wallet storage for 95%+ of user funds
- Regular security audits
- Regulatory compliance with recognized authorities
Exchanges like Bybit and Binance score highly in safety due to their adherence to international standards and transparent operational practices.
👉 Access a secure, regulated platform with advanced tools for every type of trader.
Understanding Crypto Fees in Malaysia
Low fees directly impact profitability. Here’s how top platforms compare:
| Fee Type | Bybit | Binance | Market Avg |
|---|---|---|---|
| Spot Maker Fee (%) | 0.1 | 0.1 | 0.194 |
| Futures Taker Fee (%) | 0.055 | 0.06 | 0.053 |
Bybit consistently ranks among the cheapest exchanges, especially for active futures traders.
Deposit methods including bank transfers, credit cards, P2P, and e-wallets are widely supported—many with zero deposit fees.
Is Cryptocurrency Regulated and Taxed in Malaysia?
Regulation Overview
Cryptocurrencies are classified as securities under Malaysian law. The Securities Commission Malaysia (SC) regulates digital asset exchanges, requiring registration as Recognized Market Operators (RMOs). As of 2025, six official DAXs operate under this framework.
While international platforms remain accessible, users should verify an exchange’s compliance status before depositing funds.
Taxation Rules
Malaysia does not impose capital gains tax on long-term crypto holdings. However, active traders and businesses earning income through crypto must report earnings under income tax rules (0–30% rate). Taxable events include:
- Frequent trading
- Receiving salary or payments in crypto
- Mining or staking rewards
Maintaining accurate transaction records is essential for compliance.
Which Exchanges Offer Sign-Up Bonuses?
Several platforms offer incentives for new users:
- Bybit: Up to $5,000 in welcome rewards
- MEXC: Up to 8,000 USDT bonus
- Binance: $100 welcome package
These bonuses often require completing trades or referrals but can boost initial returns.
Best Crypto Platforms for Beginners
New traders should look for:
- Demo accounts for practice
- Educational materials (tutorials, webinars)
- P2P trading in MYR
- Staking and copy trading options
Bybit and Binance lead in beginner-friendliness thanks to demo modes, multilingual support, and structured learning paths.
How to Choose the Right Exchange
Consider these factors when selecting a platform:
- ✅ Wide selection of cryptocurrencies
- ✅ Local payment methods (FPX, Touch 'n Go, etc.)
- ✅ Transparent fee structure
- ✅ Strong security protocols
- ✅ Responsive customer service
👉 Start your journey on a trusted exchange with global reach and local support.
Frequently Asked Questions (FAQ)
Q: Are cryptocurrency exchanges legal in Malaysia?
A: Yes. Digital asset exchanges are regulated by the Securities Commission Malaysia (SC), and only licensed platforms can operate locally. International exchanges may still serve Malaysian users if they comply with AML/KYC requirements.
Q: Which crypto exchange has the lowest fees in Malaysia?
A: Bybit offers some of the lowest trading fees, particularly for futures contracts. Spot maker fees start at 0.1%, with volume-based discounts available.
Q: Can I buy crypto with Malaysian Ringgit (MYR)?
A: Yes. Most top exchanges support MYR via P2P trading, bank transfers, or integrated e-wallets like GrabPay or Boost.
Q: Do I need to pay tax on crypto profits in Malaysia?
A: Long-term investments are generally not taxed. However, frequent traders or those earning income through crypto activities must declare gains under income tax regulations.
Q: What is the safest way to store crypto in Malaysia?
A: Use exchanges with cold wallet storage and 2FA. For long-term holding, consider transferring assets to a private hardware wallet.
Q: Can beginners trade crypto safely in Malaysia?
A: Absolutely. Platforms like Bybit and Binance offer demo accounts, step-by-step guides, and risk management tools that help new users learn safely.
Our team at Traders Union has over 14 years of experience evaluating financial platforms. We maintain a watchlist of 200+ exchanges and update our findings regularly to reflect changing market conditions. Always conduct independent research and prioritize platforms with verifiable licenses and strong user protection policies.