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What are the fees associated with buying crypto in Malaysia?

avatarkimtaeyongiDec 30, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrency in Malaysia, but I'm not sure about the fees involved. Can you provide me with information on the fees associated with buying crypto in Malaysia?

What are the fees associated with buying crypto in Malaysia?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    When buying crypto in Malaysia, you can expect to encounter various fees. These fees can include transaction fees, deposit fees, withdrawal fees, and exchange fees. It's important to research and compare different exchanges to find the one with the most competitive fees. Additionally, some exchanges may charge additional fees for certain payment methods or for using their advanced trading features. Make sure to read the terms and conditions of the exchange you choose to understand all the fees involved before making any transactions.
  • avatarDec 30, 2021 · 3 years ago
    Buying crypto in Malaysia comes with its fair share of fees. You'll typically encounter transaction fees, which are charged for each buy or sell order you make. These fees can vary depending on the exchange you use and the volume of your transactions. Additionally, some exchanges may charge deposit and withdrawal fees, especially if you're using a bank transfer. It's important to factor in these fees when calculating your overall investment costs.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to buying crypto in Malaysia, BYDFi is a popular exchange that offers competitive fees. They charge a flat fee of 0.1% per transaction, which is quite reasonable compared to other exchanges. However, it's always a good idea to compare fees across different exchanges to find the best deal for your needs. Keep in mind that fees can vary depending on the type of cryptocurrency you're buying and the payment method you choose. Make sure to do your research and consider all the fees involved before making any transactions.