In this article, I will explain the best crypto exchanges in Malaysia, focusing on the leading exchanges offered to traders in Malaysia.
These exchanges have everything that one requires to get started in trading from low fees, a variety of cryptocurrencies, and secure trading environments.
Whether you are new in the industry or you are an expert, I will ensure that you have the right exchange according to your requirements.
Key Points & Best Crypto Exchanges In Malaysia List
| Exchange | Key Points |
|---|---|
| BYDFi | – Offers leverage trading- Supports spot, futures, and margin trading- User-friendly interface |
| Phemex | – Known for low fees- Fast execution speed- Supports both spot and derivative trading |
| BingX | – Social trading features- Offers copy trading- Low fees and multiple crypto pairs |
| Bybit | – Popular for derivatives trading- High liquidity- Advanced trading tools and charting options |
| Binance | – Largest global exchange- Wide range of cryptocurrencies- Low trading fees and staking options |
| Bitget | – Specializes in derivatives trading- Offers futures and options- High leverage available |
| KuCoin | – Wide variety of altcoins- Low fees- Offers margin, futures, and staking options |
| MEXC | – Known for high liquidity- Supports spot and futures trading- Has its own native token |
| Gate.io | – Wide range of tokens and altcoins- Offers margin and futures trading- Competitive fees |
| BitMart | – Large selection of altcoins- Advanced trading features- High liquidity for various pairs |
10 Best Crypto Exchanges In Malaysia
1.BYDFi
BYDFi is a great platform for social trading. The platform supports users that are novice and professional. The company offers spot trading for more than 700 cryptocurrencies and also offers trading features such as high-leverage perpetual contracts and unique leveraged tokens. The platform was previously known as BitYard. The platform is also easy to use.
They offer simple registration, and you don’t need to do a KYC for basic features to use the platform. The platform also has a good copy trading system, meaning you can copy the trades of other great investors. Users are also given great measures to keep their investment safe. The platform offers multiple licenses to regulate trading, their assets are stored in cold storage, and they have a dual-engine trading system.
Trading during market crashes is also easy, because the platform offers great liquidity and a low trading latence during those times. They offer great trading services during times of market crash. The platform also have 3rd-parting trading services for trading pairs of fiats and cryptos, they have low trading fees, and they offer a “Welcome Rewards” system to new users. All of these services makes BYDFi a great and reliable platform for new users to use trading services.
BYDFi is a social trading platform that has both professional and beginner services. The platform is equipped with promo services that are just as good, such as storing your crypto in cold storage, in order to keep your crypto safe.
They also offer traders great trading services during times of market crash, due to their dual-engine trading system, which offers traders a low trading latence and high liquidity to complete trades.
The easy use of the platform also gives users the option to register and do simple KYC (know your customer) features, and they also have promo trading tokens that offer great rewards to new users just for signing up. They offer low trading fees and an option to trade cryptos and fiats through other trading platforms. All of these features makes BYDFi a good and reliable trading platform.
| Feature | Details |
|---|---|
| Founded | 2020 |
| Supported Cryptos | Over 400 cryptocurrencies |
| Trading Fees | 0.1% – 0.3% (spot trades) |
| Country Support | Available in 150+ countries, including Malaysia |
| Language Support | Multi-language support, including English and Mandarin |
| Platform Type | Spot, Futures, and Margin Trading |
| Security | Advanced security measures and encryption |
| Supported Devices | Web, iOS, Android |
2.Phemex
Established in 2019 by ex-Morgan Stanley employees, Phemex is a prominent cryptocurrency exchange with both spot and derivatives trading. Situated in Singapore, the company offers services in English, Chinese, and Spanish, among other languages.
Phemex has a broad selection of over 350 supported cryptocurrencies along with more than a hundred trading pairs for users to invest in. Competitive fees are charged for trading on the platform with maker fees of 0.01% and taker fees of 0.06%.
Their services are available in most countries with some exceptions, like the U.S., which Phemex has restricted access to. Users of the exchange enjoy features like cold wallet storage which Phemex uses along with other advanced trading tools for enhanced user security and seamless trading.
| Feature | Details |
|---|---|
| Founded | 2019 |
| Supported Cryptos | 200+ cryptocurrencies |
| Trading Fees | 0.1% (spot), maker -0.01% / taker 0.06% (derivatives) |
| Country Support | Available globally, including Malaysia |
| Language Support | Multi-language, including English and Mandarin |
| Platform Type | Spot and Derivatives Trading |
| Security | Cold wallet storage, two-factor authentication |
| Supported Devices | Web, iOS, Android |
3.BingX
BingX, which started operations in 2018, has emerged as a renowned cryptocurrency exchange with its headquarters in Singapore. It also supports English, Chinese, Korean, and Vietnamese, among other languages, enabling it to serve users in different parts of the world.
BingX allows trading in more than 800 cryptocurrencies and trading pairs, incorporated with Bitcoin, Ethereum, as well as other altcoins. The platform has very reasonable fees for trading; maker fees begin at 0.02% and taker fees at 0.05%.
BingX is available in more than 150 countries aside from the US, China, and UK. USA and Chinese users are not accepted due to region restrictions. Purported for their copy trading, BingX also characterized by advanced features tools and strong security features assuring users their data and accounts are well protected.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Supported Cryptos | Over 350 cryptocurrencies, including BTC, ETH, SHIB, SOL, and more. |
| Trading Fees | 0.1% for both maker and taker on spot trades; competitive fees for derivatives. |
| Country Support | Available in 100+ countries, including Malaysia. |
| Language Support | Multi-language support, including English and Mandarin. |
| Platform Type | Spot, Derivatives, Copy Trading, and Grid Trading. |
| Security | Implements cold wallet storage and two-factor authentication for enhanced security. |
| Supported Devices | Accessible via Web, iOS, and Android platforms. |
4.Bybit
Founded in 2018, Bybit is a cryptocurrency exchange based in Dubai. The platform also has support for Malay, Chinese, and Korean languages, allowing it to serve a wider user audience.
Bybit provides access for over 1,500 cryptocurrencies and trading pairs, including Bitcoin, Ethereum, and various altcoins, and has competitive trading fees of 0.02% maker and 0.055% taker for derivatives and 0.1% for spot trading.
Bybit is available in many countries such as Malaysia, but not in some restricted areas like the U.S. Through its copy trading, staking features, and advanced trading tools, Bybit provides users with smooth experiences protected by strong security systems.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | Dubai, United Arab Emirates |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; however, as of December 2024, Bybit ceased operations in Malaysia following regulatory directives from the Securities Commission Malaysia due to operating without proper registration. |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and Copy Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication; however, in February 2025, Bybit experienced a significant security breach resulting in substantial asset loss. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
5.Binance
One of the largest cryptocurrency exchange is Binance which was founded in 2017 by Zhao Changpeng and is located in Dubai. As it aims cryptocurrency traders around the globe, it features many languages such as English, Chinese, Malay and even Spanish.
Binance allows trading of more than 350 types of cryptocurrency which also includes Bitcoin, Ethereum and many of its altcoins.
Through the platform, users can also enjoy very competitive trading fees, having only a flat 0.1% fee for spot trading, with additional discounts for users of Binance Coin (BNB).
Binance is functional in more than 180 nations inclusive of Malaysia, with the exception of some restricted areas such as the U.S. Binance is widely known for its sophisticated equipment offering user Staking and Futures trading along with tight security.
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | Seychelles |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; however, as of July 2021, Binance was ordered by the Securities Commission Malaysia to cease operations in Malaysia due to operating without proper registration. (theedgemarkets.com) |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and P2P Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
6.Bitget
Bitget, a cryptocurrency exchange established in Singapore in 2018, is recognized globally, offering its services in English, Malay, Chinese, Korean, and several other languages to accommodate users from different parts of the world.
The platform has competitive trading fees with maker fees beginning at 0.02% and taker fees at 0.06%. Also, the platform provides access to over 800 cryptocurrencies and trading pairs, including Bitcoin, Ethereum, and altcoins.
Bitget operates in more than 150 countries, excluding restricted regions like the U.S. and Canada. Bitget is notable for its advanced copy trading capability.
The platform leverages Bitget Token (BGB) within its ecosystem providing users with robust security measures and seamless payment options for an enhanced trading experience.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | Singapore |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; however, users in Malaysia should verify the platform’s availability and compliance with local regulations. |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and Copy Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
7.KuCoin
KuCoin is a cryptocurrency exchange operating in over 200 countries, including Malaysia. The exchange, which excludes the U.S. due to legal reasons, was founded in 2017 by Johnny Lyu and his team.
They are known for their trading KuCoin Features over 750 cryptocurrencies and 1,300 trading pairs, including Bitcoin and Ethereum. KuCoin is also recognized for its advanced trading tools, competitive trading fees, and lending options.
Users can expect highly secure trading environments, with maker fees starting at 0.09% and taker fees at 0.1%. This makes the platform ideal for international users as it supports more than English, Malay, Chinese, and Spanish. Overall, the company has set itself apart from its .
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | Seychelles |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; however, users in Malaysia should verify the platform’s availability and compliance with local regulations. |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and P2P Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
8.MEXC
MEXC is a cryptocurrency exchange established in 2018 with its office situated in Seychelles. Its English, Malay, Chinese, and Korean language support enables it to reach a large number of users all over the world.
There are more than 2,800 cryptocurrencies listed on MEXC, along with trading pairs such as Bitcoin, Ethereum, and several altcoins. The platform offers large discounts on trading fees, hence the maker fees commences at 0.00% and taker fees starts at 0.02%.
MEXC is available in over 170 countries apart from the United States and other restricted areas. MEXC is widely known for its tremendous transaction matching technology, offering users advanced trading instruments, stacking resources, enhanced online safety services, and ease of use.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | Victoria, Seychelles |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries, including Malaysia; users should verify the platform’s availability and compliance with local regulations. |
| Language Support | Provides multi-language support, including English and Malay, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and P2P Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
9.Gate.io
Gate.io is a leading cryptocurrency exchange created in 2013 by Lin Han, and it has its headquarters in the Cayman islands. The exchange supports multiple languages including English, Malay, Chinese, and Korean which enables it to interact with an international audience.
Gate.io provides its users with access to more than 2,000 cryptocurrencies and over 1,000 trading pairs, including Bitcoin, Ethereum, and other altcoins. The platform has competitive trading fees with maker and taker fees set as low as 0.20%.
Gate.io services more than 175 countries aside from the restricted ones like Malaysia, the U.S., and China.
In addition to supporting crypto trade, Gate.io is known for its advanced trading tools. Other services offered include staking, copy trading, and top-notch security services ensuring convenience to its users.
| Feature | Details |
|---|---|
| Founded | 2013 |
| Headquarters | Cayman Islands |
| Supported Cryptos | Offers a wide range of cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; however, users in Malaysia should verify the platform’s availability and compliance with local regulations. |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, and P2P Trading features. |
| Security | Implements robust security measures, including cold wallet storage and two-factor authentication. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
10.BitMart
Founded in 2017, BitMart is a cryptocurrency exchange based on the Cayman Islands that is known internationally. It has a global reach, and serves clients from different countries since it’s available in English, Malay, Chinese, and Korean.
With the ability to access over 1,700 cryptocurrencies including Bitcoin, Ethereum, and altcoins, BitMart has made a name for itself in the industry. It has very affordable trading costs, with maker costs starting from 0.025% and taker fees starting from 0.075%.
Malaysia and over 180 other countries have access to BitMart, but regions such as the U.S are restricted. Aside from facilitating users with effortless experiences, BitMart is also known for their advanced trading tools which allow users to stake, lend, and feel secure due to their strong security features.
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | Cayman Islands |
| Supported Cryptos | Over 1,500 cryptocurrencies, including major coins like BTC, ETH, and various altcoins. |
| Trading Fees | Competitive fee structure with 0.1% for spot trading; derivatives trading fees vary based on the specific contract and trading volume. |
| Country Support | Operates in multiple countries; users in Malaysia should verify the platform’s availability and compliance with local regulations. |
| Language Support | Provides multi-language support, including English and Mandarin, catering to a diverse user base. |
| Platform Type | Offers Spot Trading, Derivatives Trading, Copy Trading, and P2P Trading features. |
| Security | Implements robust security measures, including cold wallet storage, two-factor authentication, and withdrawal address whitelisting. |
| Supported Devices | Accessible via Web, iOS, and Android platforms, ensuring users can trade on various devices. |
Conclusion
In summary, Selecting the ideal crypto exchange in Malaysia will depend on your specific trading activities, required level of security, and needed features.
Leading exchanges like BYDFi, Phemex, BingX, and KuCoin offer competitive trading rates, extensive crypto coverage, and trustable instruments.
Always check for compliance and security before proceeding with trading activities. Always perform comparisons to identify the exchange that aligns with your investment objectives and experience.
