10 Best Malaysian Crypto Exchanges in 2025

Not all exchanges allow the deposit of MYR, which is why choosing the best crypto exchange in Malaysia can be challenging for those who believe this is a dealbreaker. Even though major platforms don’t support local payment methods or deposits in Malaysian ringgit (MYR), no one can argue that they offer some of the best features that make crypto investing and trading easier.

To make it easier for you, we’ve done the research and testing to find the top 10 Malaysian crypto exchanges. We’ll discuss each, explain how to choose the best option, and detail Malaysian crypto taxes. Let’s get started.

Webopedia is a leading information hub for cryptocurrency and technology. We do extensive research, see what the locals use, and try the platforms ourselves to ensure our reviews are as accurate as possible.

Key Takeaways

• The best crypto exchanges in Malaysia are Youholder, Uphold, MEXC, Bitget, Kucoin, OKX, Probit Global and Poloniex.
• The Securities Commission of Malaysia has approved five active exchanges, but other platforms are equally popular with Malaysian investors.
• There is no capital gains tax on crypto in Malaysia, but frequent trading can fall under business income.
• Some platforms charge a premium on an asset’s standard MYR price, so double-checking exchange rates is advisable.

Best Crypto Exchanges Malaysia 2025 Are…

Why Trust Webopedia?

Here at Webopedia, we’re committed to building an information hub for everything crypto and tech. We gather data from real users and base our reviews on a few key criteria:

• Local Relevance – We ensure our recommendations are available in your region and that they support MYR and local Malaysian payment methods.

• User Experience – Another point we consider is the user experience. We read accounts from real people and test the sites ourselves to ensure they’re easy to use and efficient.

• Trustworthiness – Nobody wants to use an exchange they can’t trust, so we research each platform’s reputation and history before adding it to our list.

• Extra Features – We also consider what additional features a platform offers and their relevance to users.

Compare Malaysian Crypto Exchanges

How to Choose a Good Crypto Trading Platform in Malaysia?

Choosing the right exchange is paramount to your trading success. It will impact your safety, profitability, and overall experience.

There are many factors to consider, but we've broken down 10 of the most crucial:

• License & Regulation Compliance
• MYR Payments
• High Standard Security
• Minimal Trading Fees
• High Liquidity
• Modern Trading Software
• 24/7 Customer Support
• Large Choice of Crypto Assets
• Any Kind of Insurance
• Reputation and History

In the following section, we explore these factors in detail, highlighting what to look for and why they're essential.

License & Regulation Compliance

The Securities Commission of Malaysia (SC) has taken steps to regulate cryptocurrency in the region. While crypto assets are not recognized as legal tender, they are considered securities, resulting in stringent regulatory requirements. The best crypto exchange in Malaysia will usually be SC-regulated as a Digital Asset Exchange (DAX).

Regulated cryptocurrency exchanges should be prioritized as they have superior protections, and local users have greater recourse in the event of controversy or insolvency. Moreover, exchanges that have spent time and money pursuing regulatory status generally focus on the user experience to a greater degree.

MYR Payments

You should only consider platforms that support MYR purchases and payment methods like local bank transfer or Touch n Go, as they'll be more efficient. It's also worth looking to see which platforms support direct MYR deposits and which require you to interact with the P2P market.

It is critical to be able to deposit, withdraw, and pay with MYR. This will streamline the investing process, save money, and ensure you can cash out when required. If you have to jump through many hoops just to purchase crypto with your local currency, that platform is probably not worth using.

High Standard Security

It can be challenging to determine which platforms excel regarding security, as jargon and technical terminology are common. However, a few things that are always worth looking out for include cold storage for user funds, proof of reserve audits, SSL encryption, anti-phishing codes, 2FA, withdrawal address allow listing, and client-company fund segregation.

When you use an exchange, you trust it with your personal information and funds. The platform must follow security best practices and ensure its users are safe on an account (2FA, address allowlisting, anti-phishing code) and platform (encryption, cold storage, proof-of-reserves) level.

Minimal Trading Fees

When selecting the best crypto exchange in Malaysia, you should review its fees. For global exchanges, you should aim for transaction fees of roughly 0.1%. However, local Malaysian exchanges are more costly, so fees of around 0.5% are typical. P2P platforms seldom charge buyers, but sellers list orders at a premium compared to the spot price.

If you pay no attention to fees during the exchange selection process, you could be left using an expensive platform that eats away at your holdings. Although a 1% fee doesn't seem too high, you lose 10x more money than a platform offering transaction fees of 0.1%. Across multiple purchases, these costs can add up, making choosing a low-fee exchange critical.

High Liquidity

Liquidity is the measure of assets available to purchase on a platform. On order book-based exchanges like Binance, liquidity is determined by the quantity of buy/sell positions and the platform's reserves. For P2P marketplaces, liquidity is the number of buy/sell offers from users. Popular, highly active exchanges generally have the best liquidity.

Considering liquidity is vital when selecting the best crypto exchange in Malaysia, as it will impact the maximum order size you can place without affecting the asset's price. Trading platforms with high liquidity typically offer greater opportunities and cheaper prices.

Modern Trading Software

The quality of trading software is a crucial but often overlooked factor. You should choose a platform offering modern, powerful trading software. TradingView is the industry standard and is integrated into many leading exchanges. However, any trading interface offering ample charting tools and technical indicators for in-depth analysis is suitable.

Having access to robust, well-featured trading software makes it easier to find potential opportunities and conduct accurate analysis. A platform offering fast order execution is also beneficial, as it helps traders capture the best prices. Below 200 milliseconds is reasonable, but below 100 is ideal.

24/7 Customer Support

When deciding on a crypto platform in Malaysia, you must consider the quality of its customer service. Aim for a platform with a comprehensive support center, a chatbot for simple questions, and some live support for more complex issues. Aim for near-instant live chat reply times, but anything under 2 hours is good.

Having access to effective, efficient, and prompt support is essential. If you can't get a quick response to a pressing question or help with an important issue, you could be left stressed, annoyed, or even out of pocket.

Large Choice of Crypto Assets

The quantity of crypto assets is a key factor to consider when choosing a Malaysian trading platform. Ideally, look for an exchange offering 100+ assets. But, more important than the number is the specific assets. Choose a platform that provides the assets you're interested in or think you might want later.

The amount of cryptocurrencies you can access will directly affect your trading opportunities. Moreover, if you're forced to split your holdings between multiple exchanges, it can make portfolio management confusing and inefficient, taking your focus away from the market.

Any Kind of Insurance

Our research found that Perbadanan Putrajaya (PPj) runs the Perbadanan Insurans Deposit Malaysia (PIDM) policy, which protects depositors for up to RM 250,000 stored within member banks. However, local exchanges Luno, Hata, and Tokenize state they do not offer insurance, so it's likely that users are not protected.

Some exchanges offer deposit or balance protection that protects users in case of a bank failure (but not theft). Insurance provides peace of mind and makes storing crypto or cash on a crypto app in Malaysia safer. However, you only keep the necessary funds in an exchange; anything else should be withdrawn to a crypto wallet or bank account for safekeeping.

Reputation and History

When analyzing a crypto platform in Malaysia, reviewing its track record is essential. Watch out for whether the platform has been hacked, resulting in the loss of user funds, as these exchanges should be avoided. Similarly, if a platform has a history of treating users poorly, seizing funds, or offering a subpar experience, you can find a better option.

The history of a platform can reveal a lot about how it treats users and handles issues. If an exchange has regularly sided against users or done things against their best interests, the poor treatment is likely to continue. However, a platform that respects its users and goes above and beyond to ensure an excellent experience will typically go out of its way to assist clients.

Crypto Apps in Malaysia - Same as Exchanges

Having access to mobile crypto apps is critical. They make it easier to manage your portfolio, track trades, and generally improve efficiency.

The top crypto exchanges usually offer well-designed crypto apps, but some exchanges omit them to save on development costs. These are some reasons why it's crucial to have access to a mobile exchange:

• Mobile apps let people quickly respond to market changes
• Many mobile apps offer price alerts, which enhance efficiency
• Crypto exchange apps can be used to scan wallet address QR codes for easy withdrawals
• Exchange apps make trading much more convenient when traveling

How To Register on a Malaysian Crypto Trading Platform

After finding the best crypto exchange in Malaysia, you must learn how to open an account. We've broken the process down into a simple step-by-step guide:

Step 1: Create an Account

To create an account, you must provide an email address and password. Make sure you use a strong password unique to your account. Some platforms may also require you to choose a username.

Step 2: Verify Your Account

Once you've created your account, you'll need to verify it by opening the confirmation link sent to the email you provided.

Step 3: Activate your Account (KYC)

Regulated exchanges like Luno require users to complete Know-Your-Customer (KYC) verification. The process requires uploading a photo ID (passport, driving license, or national ID card) and typically takes between 10 minutes and 24 hours to be confirmed.

Step 4: Increase your Security

Next, you should take time to enhance your account security. Set up 2FA using a dedicated authenticator app like Authy. Using SMS 2FA can leave you open to SIM swap attacks. You should also download the exchange's mobile app and set up biometric (fingerprint or face ID) entry. Setting up your anti-phishing code for secure communications is also advised.

Step 5 - Fund your Account

Now that your account is set up and secure, you have to fund it. You can deposit MYR or crypto directly to the exchange. Alternatively, conduct a P2P or one-click purchase to buy crypto with MYR, which can then be used to fund a spot exchange.

If you'd like to deposit crypto but aren't sure how, we have a guide detailing how to send Bitcoin to another wallet. While the guide is Bitcoin-specific, the process is essentially the same for any crypto. It covers transaction fees, processing times, and risks to be aware of when sending crypto, along with other helpful tips.

We have another guide that goes in-depth on how to buy crypto. It covers key aspects of the process, like things to look out for when depositing funds, different ways to buy crypto, and how to secure your assets after purchasing.

Crypto Taxes in Malaysia - What You Need to Know

Malaysia is lenient on its crypto taxation, but there are a few rules to be aware of:

• Capital Gains: Malaysia does not charge capital gains tax on profits from crypto investments.

• Taxable Income: Earnings from staking, airdrops, or receiving crypto as a payment are taxed as income at a rate between 1% and 30% based on your income.

• Business Tax: If you regularly trade or run a crypto business, your earnings could be taxed as business income at a rate of 17% to 24%.

How to File Taxes on Crypto in Malaysia

To file your crypto taxes, follow these steps:

• Step 1: Determine which of your crypto income is taxable.
• Step 2: Record key data like purchase/sale dates, prices, and total profit.
• Step 3: Convert your earnings to MYR.
• Step 4: Declare your crypto profit in your tax return using Form BE.
• Step 5: Keep your tax records for seven years as per regulatory requirements.

Final Tips

Now that we've covered the key points regarding how to choose the best crypto exchange in Malaysia, we've just got a couple of extra tips to keep in mind:

Securing Your Assets

You should take care to hold crypto securely. To keep your assets safe, withdraw them from an exchange to an external wallet (ideally a hardware wallet). Our guide details the importance of self-custody and the risks of using exchanges for long-term storage.

Stay Up-To-Date

You should also learn about crypto technology and study market data to stay updated with the industry. It's helpful to follow projects you invest in. Doing so helps you stay informed of changes that could impact your investment.

Frequently Asked Questions