Cryptocurrency Malaysia: What do you need to know?

Cryptocurrency in Malaysia. Malaysia is not 'protected' from the bloom of cryptocurrency and early adopters in Malaysia made quite good money from investing in crytopocurrency.

Here's the thing. You are now to cryptocurrency and you want to know more about it. Lucky for you, you are going to find a lot of information here. If you are living in Malaysia and reading this, I highly recommend you to share this post with your friends.

Introduction to Cryptocurrency in Malaysia

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Source. 

Is cryptocurrency safe?

Cryptocurrency is entirely safe. Buying a few cryptocurrency such as Bitcoins for saving won't hurt. As a matter of fact, it could be a great low-risk investment for many. For example, spending RM 100 to RM 200 per month on buying cryptocurrency for saving can lead to profits multiple folds in the long run.

Where to buy cryptocurrency such as Bitcoins in Malaysia?

There are many trading partners in Malaysia where you can buy cryptocurrency. My favorite is Luno for Bitcoin and Etoro for buying/selling. I rather buy Bitcoins from Luno because it is approved by the Bank Negara Malaysia (BNM) and I can link up my Maybank or CIMB account with Luno (which makes buying Bitcoin in Malaysia much easier).

Understanding crytocurrency pricing

Cryptocurrency pricing changes every second—just like shares in the real world. Buying cryptocurrency such as Bitcoins is always an investment and shouldn't be used as a MLM, ponzi or get-rich-quick scheme. Keep buying to the minimum and do not overkill or get obsessed with cryptocurrency.