Buying Bitcoin with Binance in Malaysia

Buying_Bitcoin_Binance

Malaysia, like most countries, recently started regulating cryptocurrencies. This means that this revolutionary money market is now recognized under securities that comes under the purview of the Securities Commission of Malaysia.

Increasing use of Bitcoins

Having regulated cryptocurrencies mean that it could be used as a form of payment. In fact, it could boost the adoption of these currencies which will, in turn, move towards a cashless society very soon. Many retailers have since jumped onto this movement and have started accepting Bitcoins as legal payment.

Binance in Malaysia

Binance was founded in 2017 in Shanghai, China. It is a global cryptocurrency exchange where over 180 cryptocurrencies are being traded. In terms of trading volume, it has been considered to be the biggest exchange since 2018. Binance is available across the world and it recently announced its move into the Malaysian market. This means that Malaysians can now buy (and sell) Bitcoins through Binance with ease.

How to buy Bitcoins from Binance?

To start buying or selling Bitcoins, the process is very straightforward. You will need to register an account with Binance. Payments can be made in MYR (Malaysian Ringgit) via bank transfer (like Maybank2u.com). You can also do so using credit cards. However, before you can start trading, ensure that your registration has been verified.

  • Registration only need your email, password and referral ID (not compulsory)
  • An email verification will need to take place. Once you confirm that, you can proceed
  • Additional security steps like a 2-Factor Authentication is advised
  • For withdrawals or any changes to your profile, SMS Authentication is required
  • Submit official documents (like your ID) to verify your identity
  • Ensure that the steps above are done properly as you would want to ensure the security of your funds

Share:

More Posts

Send Us A Message

Tron

Tron

Many cryptocurrencies have sprung up in recent years but no many can make investors sit up and take notice the way Tron did. Now, users

Read More »
Ethereum_Classic

Ethereum Classic

Ethereum Classic should not be confused with Ethereum. The former is a blockchain-based distributed computing platform that uses Smart Contracts fully. Ethereum Classic Coinbase What

Read More »
eToro

eToro

eToro came from the eToro OpenBook social investment platform. This took place in 2010 which came with the feature known as Copy-Trading. Background of eToro

Read More »
Huobi

Huobi

Huobi exchange is among the many cryptocurrency exchanges available in this money market. Huobi Exchange Register Founded in 2013, the Huobi Exchange was founded by

Read More »
IOTA

IOTA

IOTA has a unique platform and system when it comes to blockchain technologies. IOTA Mining IOTA is typically a distributed ledger which has been developed

Read More »
NEO

NEO

The NEO cryptocurrency is among the many being traded in this new and exciting money market. The blockchain platform was intended to provide a network

Read More »
Get free email updates from us
Learn about new business opportunities
Open chat
Ask us in Whatsapp