Binance in Malaysia - Emedia (2024)

The article is written as guide for Malaysians or any other nationality who is keen to use Binance. This is not a financial advice, and merely a review or how to -use Binance from foreign country. Binance is the largest crypto exchange to use so it is definitely safer to use however it may not have the local license to operate in many countries. At the time of writing, Binance is safer that most dogdy exchange on the Internet. There are also countries which have outlawed usage of Cryptos. So please understand your risks when you use Binance from your country. If you want to use an exchange which is regulated under Malaysian law , you can try LUNO. We will also list the perks of Binance vs Luno. This article will also guide you until you can buy sell with Binance.

• Luno is regulated in Malaysia under security comissions , simple to use and it’s 100% safe. It has an office in Malaysia. Binance does not operate in Malaysia, however it is one of the oldest exchange in the world and it’s safe to use. The only risks involved is Binance closing down or bankrupt.
• Luno charges a hefty 2% fees for any single transaction while Binance 0.1%. Thus, Luno is not suitable for short term trading. Binance charges 0.1% comission for single transaction
• Deposit and withdrawal under Luno is very easy while it can be quite tricky for unregulated exchange such as Binance
• You can only trade 4 major cryptos with Luno whoever with Binance you have access to thousands of cryptos

Feel free to use our affiliate link to register with Binance, if you do not have an account yet. As for using Binance, you will need to download the App or use the Web version. Both versions are working well and you may use both at once.

There are several ways which you can deposit money into Binance. There are pros and cons doing such. Usually, traders will buy USDT (Tether)

Credit Card

This is the easiest ways to buy any Cryptos with Binance. However , most banks will treat the transaction as Cash Advance , thus you may be charged certain fees and daily interest rates from your Bank. Therefore, if u want to use this method, it is worthwhile if you buy larger amount of cryptos. Please check the cash advance charges and interest with your bank. At time of writing Binance charges 2% fees for Credit Card deposit.

P2P

This is a function from Binance App itself , you can buy or sell USDT from local payment methods such as Maybank2u or Online Banking. Please select reliable seller with good ratings to buy or sell your USDT

Silvergate (SWIFT ) , Supports withdraw & deposit

You can perform Foreign Telegraphic Transfer to Binance’s account at USA , CA. However , we don’t recommend using this method due to congestions. Please avoid it at the time being.

You can use Binance App or Website. Both are very simple and easy to use

Where is Binance based at ?

Binance is based at Seychelles

Related Posts

About The Author

admin