Country Guide
Best Crypto Exchanges in Malaysia (2026)
Malaysia has a well-regulated crypto market with SC-approved exchanges. We've tested both licensed local platforms and international exchanges popular with Malaysian traders.
By Itai Varochik | Updated February 21, 2026
Top Exchanges in Malaysia
| # | Exchange | Best For | Fees | Type |
|---|---|---|---|---|
| 1 | Luno | MYR deposits | 0.1% spot | Local (SC-approved) |
| 2 | Tokenize | Local compliance | 0.08% spot | Local (SC-approved) |
| 3 | Binance | Overall trading | 0.1% spot | Global |
| 4 | MX Global | Regulated staking | 0.1% spot | Local (SC-approved) |
| 5 | Bybit | Derivatives | 0.1% spot | Global |
Malaysia has established one of Southeast Asia's clearest cryptocurrency regulatory frameworks. The Securities Commission Malaysia (SC) licenses and oversees digital asset exchanges, providing Malaysian traders with regulated options alongside international platforms.
How We Chose the Best Exchanges for Malaysia
We evaluated exchanges based on SC licensing status, MYR deposit methods, trading fees, security measures, available cryptocurrencies, and user experience. SC-approved exchanges were weighted favorably for their regulatory compliance.
Key Considerations for Malaysian Traders
The SC has approved several local exchanges for MYR trading. While international exchanges are also accessible, SC-licensed platforms offer the benefit of local regulatory protection. Malaysian traders should be aware that only SC-approved tokens can be traded on licensed exchanges.
Payment Methods
SC-licensed exchanges support MYR deposits via local bank transfers (including FPX instant transfers). International exchanges may offer P2P trading with MYR. DuitNow transfers are becoming increasingly supported.
Crypto Regulations in Malaysia
Malaysia's Securities Commission (SC) regulates cryptocurrency exchanges under the Capital Markets and Services Order 2019. Only SC-approved exchanges can legally operate as Digital Asset Exchanges. Crypto is not considered legal tender, but trading is legal on approved platforms. Capital gains from crypto are not taxed for individuals, though frequent trading may be treated as business income.
Frequently Asked Questions
Is cryptocurrency legal in Malaysia?
Yes, cryptocurrency trading is legal on SC-approved exchanges. The Securities Commission Malaysia regulates digital asset exchanges under the Capital Markets and Services Order.
Which exchanges are SC-approved in Malaysia?
SC-approved exchanges include Luno, Tokenize, MX Global, and several others. Check the SC's website for the current list of approved operators.
Do I pay tax on crypto in Malaysia?
Individual capital gains from crypto are generally not taxed in Malaysia. However, profits from frequent trading may be classified as business income and taxed accordingly.