Best crypto exchanges in Malaysia (2026): SC registered only

Crypto use is allowed in Malaysia under a regulated framework. Digital asset platforms must register with the national securities regulator as a recognized market operator. That means they follow rules on disclosure, custody, and conduct. Crypto is not legal tender, so stores do not have to accept it. If you want to use a platform, check its status on the regulator’s website and read its terms. Rules can change, so rely on official sources for updates and treat this as general information.

Start with regulation. Confirm the platform is approved by Malaysia’s securities regulator. Then look at key features: supported coins, MYR funding and withdrawal options, fee structure, security controls, and service quality. Review how the platform stores assets, whether it offers multi-factor login, withdrawal allowlists, and incident reports. Test the app’s ease of use, language support, and response times. Read the terms on custody, outages, and dispute handling. Avoid products you do not understand. Choose based on your needs, not hype.

Platforms may charge several types of fees. Common ones include trading fees or spreads when you buy or sell, and charges for MYR deposits or withdrawals. You might also pay a blockchain network fee when moving coins on-chain. Some services add conversion costs if you switch currencies, or charge for account features or inactivity. Fees can vary by payment method, asset, and activity. Always read the fee schedule, check how it is calculated, and look for any minimums, caps, or third-party costs.

Most platforms use electronic know-your-customer checks. You usually provide a government ID, a selfie, and a recent document that shows your name and address. Some may ask for details about your source of funds. This helps platforms follow anti-money-laundering rules in Malaysia. Submit documents only through the official app or website, and avoid sending files by email or chat. Review the platform’s privacy policy and data retention. If the check fails, contact support through official channels and ask what to update.

Crypto carries market, custody, and technical risks. You can lower exposure with simple habits. Use strong, unique passwords and multi-factor login. Set withdrawal allowlists and alerts. Keep devices updated and watch for phishing links or fake support messages. For long-term holding, consider a personal hardware wallet and back up recovery phrases offline. Prefer platforms with clear status pages and incident reporting. Split holdings across multiple custodians if that suits your needs. Stay wary of unsolicited offers or pressures to act fast.

Of the exchanges we cover, Luno holds SC Malaysia registration (DAX operator) for Malaysia on 26 October 2026. The ranking on this page shows them in trust-rank order, and the licence record lists the entity, the regulator and the date for each one. Other licensed firms exist that we do not review yet; the register linked in the rules block at the top of this page has the full list.

No. The Securities Commission Malaysia ordered Binance to disable its website and apps in Malaysia in July 2021, and Binance has been on the SC Investor Alert List since July 2020. It is not a registered DAX operator, so it is not on this page; Luno is the registered operator we review.

The SC can order the platform to stop serving Malaysia, as it did with Binance in 2021 and Bybit in 2024, and lists it on the Investor Alert List; your assets on it sit outside the SC's rules for registered operators, and Malaysian banks may refuse transfers to it.