Cryptocurrency has been making waves globally, and Bitcoin remains the most talked-about digital asset. With its value constantly shifting, many Malaysians are now asking: how to buy Bitcoin in Malaysia? The good news is, it’s easier than ever — especially with user-friendly platforms like Luno, one of the six licensed digital asset exchanges approved by the Securities Commission Malaysia.
Among the regulated options — Luno, MX Global, Sinegy, HATA Digital, Torum, and Tokenize — Luno stands out for its intuitive interface, fast MYR deposits and withdrawals, and seamless transfers to other platforms. Whether you're a beginner or experienced investor, Luno offers a secure and straightforward way to enter the world of Bitcoin investing.
👉 Discover how to start your crypto journey today with zero hassle.
Step-by-Step Guide: Buying Bitcoin on Luno
1. Create Your Luno Account
To get started, sign up using a referral link that unlocks exclusive benefits. When you register through a verified partner, you gain access to special promotions — including free Bitcoin worth RM75.
Here’s how:
- Visit the official Luno sign-up page via a trusted referral.
- Use promo code VFTQ7S during registration.
- Make your first purchase of at least RM250 in Bitcoin using Instant Buy.
- Both you and the referrer will receive RM75 worth of free BTC as a reward.
Note: This offer comes with terms — your initial transaction must be completed via Instant Buy, and the minimum qualifying amount is RM250.
2. Set Up Your Bitcoin Wallet
Once your account is active, create a Bitcoin wallet:
- Open the Luno app.
- Tap on Wallets from the bottom menu (Home, Explore, Wallets, Rewards, Profile).
- Select Add a wallet.
- Choose Bitcoin (BTC) and tap Create Wallet.
You’re now ready to deposit funds and begin trading.
3. Deposit Malaysian Ringgit (MYR)
Luno supports fast and secure FPX bank transfers for depositing MYR:
- Go to Wallets > Local Currency.
- Tap Deposit.
- Enter the amount (minimum: RM10; maximum: RM30,000 per transaction).
- Choose your bank and complete the FPX transfer.
💡 Pro tip: Deposits under RM100 incur a RM0.70 fee; amounts over RM100 are fee-free.
After depositing, your balance will reflect instantly — time to trade!
4. Execute Your First Trade
Luno offers three methods to buy Bitcoin, each with different fees and execution speeds:
Option A: Instant Buy (2% Fee)
This is the fastest method — ideal for beginners and required to claim the RM75 free Bitcoin offer.
- Navigate to your Bitcoin wallet.
- Tap Buy.
- Select Instant Buy — price is based on current market rate.
- Confirm purchase.
This method charges a 2% fee, so RM250 buys ~RM245 worth of BTC. But remember: this is the only way to qualify for the welcome bonus.
👉 Learn how top investors minimize fees and maximize returns.
Option B: Exchange – Taker Orders (0.60% Fee)
For lower fees, use the Exchange tab:
- Switch your home view to Exchange (Profile > Settings > Exchange > Enable “Make exchange your home”).
- Tap Buy BTC > Select Market.
- You’ll pay the best available price — this counts as a Taker order, with a 0.60% fee.
Option C: Exchange – Maker Orders (0.35% Fee)
To enjoy the lowest fee:
- Use Limit Order with Post-only enabled.
- Set your price below the current Ask price.
- Example: If Ask is RM257,999, set your bid at RM257,000.
- With Post-only active, your order will only be placed if it doesn’t execute immediately — ensuring you stay in Maker category.
🚫 Warning: If your limit price matches or exceeds the market price, it becomes a Taker order — fee jumps to 0.60%.
Understanding Key Trading Terms
What Are Bid and Ask?
- Bid: The highest price buyers are willing to pay.
- Ask: The lowest price sellers are offering — also known as market price.
Buying below Ask = Maker (0.35% fee).
Buying at or above Ask = Taker (0.60% fee).
Limit vs Market vs Stop-Limit
| Type | Description |
|---|---|
| Limit Order | Set your own price. Executes only when market hits it. |
| Market Order | Buy instantly at best available price. Higher fee. |
| Stop-Limit | Advanced tool: “If price hits X, then place order at Y.” Best for volatile markets. |
Post-only ensures your limit order won’t turn into a taker trade — perfect for fee optimization.
Frequently Asked Questions (FAQ)
Can I buy less than one whole Bitcoin?
Yes! Bitcoin is divisible down to eight decimal places (0.00000001 BTC). You can invest any amount — even RM10.
Can I place multiple orders across different cryptocurrencies simultaneously?
No. If you have RM500 and place an order for BTC, that amount is reserved until the trade executes. You can’t use the same funds for ETH unless the first order fails or is canceled.
Does Luno offer futures or margin trading?
No. Luno only supports spot trading, meaning you own real assets. There's no risk of debt — you can only lose what you invest.
How long does it take to withdraw money back to my bank?
Typically 1–3 business days via Interbank GIRO. Withdrawal fee: flat RM0.10.
Is there a Chinese version of Luno?
Currently, Luno only offers an English interface.
Can I trade BTC/USDT on Luno?
No. Luno only supports BTC/MYR, ETH/MYR, and similar fiat pairs. To access USDT, transfer assets to exchanges like OKX.
What cryptocurrencies are available on Luno?
You can buy:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
New coins may be added in the future.
How do I buy altcoins like Dogecoin?
Luno doesn’t list every altcoin. Strategy:
- Buy XRP with MYR on Luno.
- Transfer XRP to an exchange that supports DOGE (e.g., OKX).
- Swap XRP for USDT or DOGE directly.
👉 Access 300+ cryptocurrencies and start trading altcoins in minutes.
Final Tips for Malaysian Crypto Investors
- Always enable two-factor authentication (2FA) for account security.
- Track your portfolio using crypto tracking apps like Delta or CoinGecko.
- Stay updated on regulatory changes from SC Malaysia.
- Never share your password or recovery phrase.
Buying Bitcoin in Malaysia has never been more accessible. With Luno’s simple platform and promotional incentives like free RM75 in BTC, now is an excellent time to begin your investment journey.
Remember: Start small, learn consistently, and always prioritize security over speed.
Whether you're aiming for long-term holding (HODL) or active trading, mastering the basics of Bitcoin purchases, exchange mechanics, and fee structures sets you up for lasting success in the digital economy.