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Ethereum Wallet In Malaysia

Luno Exchange Bank Account Frozen By Malaysian Tax Officials

Luno Exchange Bank Account Frozen By Malaysian Tax Officials

Luno Exchange Bank Account Frozen by Malaysian Tax Officials Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the countrys tax officials. Also read: Federal Reserve Chair: Fed Doesnt Really Play Any Regulatory Role in Bitcoin Luno Emphasizes the Company is Working Closely With the IRB to Limit the Parameters of the Broad Request This week the exchange and wallet provider Luno (formerly Bitx) announced it is having issues with the Malaysian tax authorities. Created in 2013, the London-based business Luno has been providing bitcoin and ethereum to countries such as Nigeria, South Africa, Malaysia, Indonesia, the UK, and 35 other European regions. Malaysias Inland Revenue Board (IRB) froze the firms Malaysian bank account on January 13, an account that was held under its local business name Bitx Malaysia. Luno explains to the Edge Markets financial publication that the IRB is investigating a case that involves tax discrepancies. As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions, Luno details. We are working closely with the IRB to limit the parameters of this broad request. Luno Asks Malaysian Customers to Follow Tax Requirements, and the Firm Is Supportive of the Central Banks Regulatory Measures In the meantime, Malaysia based Luno customers can still trade bitcoin and ethereum using the national tender the MYR. All your funds local and digital currencies remain safe with Luno and all other services remain unaffected, the company emph Continue reading >>

How To Buy Bitcoin In Malaysia | Finder

How To Buy Bitcoin In Malaysia | Finder

You keep hearing about it, but what exactly is bitcoin and how do you buy it? Read on for finders definitive guide. There are two main ways to buy bitcoin in Malaysia. Use a bitcoin broker. This is probably the easiest way to buy bitcoin. If you just want to get it done quickly and easily, and have no plans to become a cryptocurrency trader, then this might be the way to go. The downside is that convenience comes at a cost, and you pay a bit more for the brokerage services. Buy from an exchange. Cryptocurrencies like bitcoin are traded on exchanges. If you want to buy bitcoin as cost-effectively as possible, or plan on doing more trading in future, then choosing a reliable exchange might be what you want to do. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed. Quick-start guide: How to buy bitcoin as fast as possible Want to do it as fast as possible? You might be able to go from zero to bitcoin in less than an hour. Get a wallet . This can be done as easily as downloading it to your computer or phone. Use a no-verification-required bitcoin service, such as Loca Continue reading >>

A Beginners Guide To Buying Ether In Malaysia

A Beginners Guide To Buying Ether In Malaysia

A Beginners Guide to Buying Ether in Malaysia I have been getting a lot of questions from friends on how to buy and safely store ether in Malaysia. I thought it would be helpful to write a step-by-step guide on buying and storing ether. Ether is the token behind Ethereum , the second largest blockchain by market capitalisation after Bitcoin. Created by Vitalik Buterin when he was just 22 years old, Ethereum was designed to be a decentralized smart contracts platform that can run more complex computer code that Bitcoin could not. Ethereum price has seen a massive price increase since its token sale (aka Initial Coin Offering) in July-August 2014. If you have purchased ether during the crowdsale, 1 bitcoin would have given you 2,000 ether which works out to an exchange rate of about 0.0005 BTC/ETH. Today (June 2017), ether is trading at around US$290 (roughly RM1,250) or roughly (0.1 BTC/ETH). The first step in acquiring ether is to first acquire bitcoin. You may buy bitcoin from these Bitcoin exchanges or marketplaces in Malaysia . There used to be two major exchanges which you can buy bitcoin in Malaysia - Luno and CoinHako . However, CoinHako has stopped its Malaysian operations from 10th February 2017 until further notice, so for the purposes of this guide, we will use Luno to acquire bitcoin. Luno (previously known as BitX) is a Singapore-headquartered Bitcoin exchange that has received over US$4 million in venture capital funding . Luno started out in South Africa and is a Bitcoin exchange focused on developing markets. To begin, head to www.luno.com and create an account as usual. Because bitcoin are financial assets, there is a certain amount of KYC/AML (Know-Your-Customer/Anti-Money-Laundering) procedures that you will need to undertake for Luno to identify you Continue reading >>

Cover Story: Is Ethereum The Next Big Thing?

Cover Story: Is Ethereum The Next Big Thing?

Cover Story: Is Ethereum the next big thing? This article first appeared in Personal Wealth, The Edge Malaysia Weekly, on August 7, 2017 - August 13, 2017. The worlds No 2 cryptocurrency has seen a spectacular price surge this year and broken above the US$400 mark. Industry players discuss the prospects for the digital token and what investors should look out for when buying into the alternative asset. The price of ether the value token of the Ethereum blockchain broke above the US$400 mark in June, marking a 5,000% increase from US$7.98 at the start of the year. This dramatic price growth takes place less than two years after the cryptocurrency was introduced, compared with its rival, bitcoin, which hit the US$400 mark only about five years into its existence. The gains, mainly due to the rising popularity of the Ethereum blockchain technology, which is considered to be more robust and versatile than that of bitcoin, has made the digital coin an attractive investment option. Ethereum is an open-source blockchain-based decentralised platform that runs smart contracts, or applications that run exactly as programmed. The flexibility of the smart contracts allows developers to write their own programmes and applications and pay for the computational resources needed in ether. According to cryptocurrency data website Coingecko, ether was trading at US$223.54 on Aug 2, giving it a market capitalisation of US$20.95 billion. The price growth was a result of multiple factors, including the formation of the Enterprise Ethereum Alliance (EEA) in February, saysMriganka Pattnaik, countries associate at Luno a global digital currency company backed by investors such as South Africa-based Naspers. Combined with the steady increase of initial coin offerings (ICOs) and the technical a Continue reading >>

Faq: How To Invest In Cryptocurrencies In Malaysia (aside From Bitcoin)

Faq: How To Invest In Cryptocurrencies In Malaysia (aside From Bitcoin)

FAQ: How to Invest in Cryptocurrencies in Malaysia (Aside from Bitcoin) This is a follow-up to my Bitcoin FAQ article .You need to understand bitcoin first before diving intoother types of cryptocurrencies. If you have not read that, you might find this confusing, so read that first. This article looks at cryptocurrency and altcoins from a more investor, rather than tech point of view. If any info here is wrong or outdated, please let me know by commenting. What is the difference between cryptocurrency and altcoins? Cryptocurrency refers to all digital currencies that use cryptographic techniques to produce its output, like transaction details. So basically all, if not most of blockchain-based digital currencies are cryptocurrencies. Altcoins short for alternative coins. An umbrella term that generally refers to any digital currencies that is NOT bitcoin. Altcoins are not just currency, they may have wider applications. Altcoins may be tech platforms, payment network,bitcoin 2.0, scams, social media, marketplaces, jokes, basically it can be 1001 things because the underlying technology (blockchain) can be applied in so many ways What should I know aboutcryptocurrencies before I get them? Some are straightforward currencies too, like bitcoin. The Bitcoin networks data ledger records the amount, time, sender address and receiver address. There are many cryptocurrencies marketed as Bitcoin 2.0 Litecoin, Dash, and similar. They are designed to be faster, cheaper and more scalable than bitcoin. Other cryptocurrencies are created as part of blockchain tech platforms. They have their own defining features and value prepositions, usually super high tech blockchain stuff. For example, Ethereum has Ether; the platform is known for its smart contract. Augur is known for its decen Continue reading >>

Coinhako Review 2019 | Features, Fees & More | Finder Singapore

Coinhako Review 2019 | Features, Fees & More | Finder Singapore

Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Coinhako is an all-in-one cryptocurrency service as a wallet and exchange. It aims to offer more convenience, better prices and stronger security than other services. In addition to competitive prices and low fees, the Coinhako wallet is also a highly secure and convenient way of storing your cryptocurrencies. This is because funds in a Coinhako wallet are professionally secured and held offline in cold storage, although you can still access them. Fast. Strong customer service lets you verify your account in one day so you can start buying and selling quickly. If youre a new bitcoin buyer, you can ask Coinhako customer service to guide you through your first transaction. Convenient. You can link an Xfers wallet to your Coinhako wallet so you can quickly and cost-effectively transfer SGD. For other supported currencies, you can simply make inter-bank transfers or international telegraphic transfers. Competitive prices. Coinhako sells cryptocurrency at low market prices, with only a 0.9% commission fee. Secure. Coinhako offers secure two-factor authentication for all users, while 99% of the funds it holds are kept in cold storage. You also have the option of using your own wallet instead and simply using Coinhako to buy and sell cryptocurrencies rather than store them. Coinhako is also well known and highly experienced. C Continue reading >>

Coinhako Adds Ether For Wallet Users In Singapore And Malaysia

Coinhako Adds Ether For Wallet Users In Singapore And Malaysia

Coinhako adds Ether for wallet users in Singapore and Malaysia Coinhako, a Singapore-based bitcoin wallet provider today announced that it will be adding support for ether (ETH). Users can now buy, sell and store ETH in Singapore and Malaysia. Ether tokens are the native coin and payment fuel of Ethereum, the decentralized blockchain platform to run smart contracts not operated by any institutionalized bank or government. ETH has vaulted to number 2 behind bitcoin in market capitalization and popularity, now with a market value of over USD $8 billion at time of writing. CoinHako.com is a bitcoin wallet service that aims to provide easy and reliable access to bitcoin and as of today ether for users in Asia. The company was the first bitcoin startup in Asia to be selected by Silicon Valley-based incubator Boost VC. The company is reported to have processed more than SGD $350 million in transactions since its founding. The service is locally based as it only allows for users to buy in Singapore and Malaysia with local currency, but has made notices in the past they are looking to expand to other Asian countries. Continue reading >>

Best Ethereum Wallets To Store Ether

Best Ethereum Wallets To Store Ether

Ethereum Wallet is a desktop Ethereum wallet. Ethereum Wallet has integrated with ShapeShift , which makes it easy to accept Bitcoin and other altcoin payments directly to your Ethereum Wallet as ether. Geth is a command line interface for using, sending, receiving, and creating contracts with Ethereum. Geth is a good option for programmers, but not a good option for users in search of an easy-to-use wallet. Install Etherwall with Geth to transact directly with the Ethereum network through Geth, but with an easy to use interface provided by Etherwall. MyEtherWallet is an open source Javascript client-side Ether wallet. MyEtherWallet makes it easy to create secure wallets without the command line or the need to run an Ethereum client on your computer. By running MyEtherWallet on an offline computer, you can create secure paper wallets for your ether holdings. MyEtherWallet also has a Chrome extension in beta that adds a better user interface for sending and receiving transactions. EthereumWallet is an ether wallet by Kryptokit. Much like Kryptokit's RushWallet or MyEtherWallet, EthereumWallet uses client side Javascript to quickly create Ethereum addresses in web browsers. EthereumWallet is still in beta and should not be used to store large amounts of ether. Continue reading >>

Luno Vs Remitano - Review 2018- Which Is A Better Platform?

Luno Vs Remitano - Review 2018- Which Is A Better Platform?

As more people in Africa and the middle east learn about Bitcoin and join the movement, they are faced with the challenge of buying Bitcoin. Blockchain.info and Coinbase are usually introduced to for Bitcoin account. However, buying bitcoins from these platforms is restricted to your Geo location (for example Coinbase only accept people from certain countries in the world) Luno and Remitano are two platforms that make it easy for people especially in Africa and the rest of the world to deal in bitcoin. They provide you with a Bitcoin and Ethereum wallets, make it easy for you to buy, sell, send, receive and even trade Bitcoin and Ethereum at an affordable price. Most countries that are not allowed in Coinbase will have no issues on these platforms. I have reviewed Luno and also Remitano in the past, however, I have not directly compared them. Luno is similar to Coinbase , they provide users with Bitcoin wallet and enable them to buy Bitcoin directly from the platform. On the other hand, Remitano is Similar to Local Bitcoin ; they provide a common ground for Bitcoin buyers and sellers to trade Bitcoin directly with each other. Secure trade using the escrow system to ensure fairness amongst traders. And also provide users with a Bitcoin wallet. I am going to see how far NGN30,000 will go to buy Bitcoin on either platform (I am using the Nigerian naira in my examples; you can relate it to other currencies, the concept is the same) Luno: 43 Countries are accepted in Luno: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Nigeria, Norway, Poland, Portugal Continue reading >>

Where To Buy Ethereum In Malaysia

Where To Buy Ethereum In Malaysia

/ Ethereum FAQs / by / Comments Off on Where To Buy Ethereum In Malaysia Ios Ether Wallet Hey all! I've finally finished the initial release of Ethers Wallet for iOS. [Visit the. Bitcoin is different from what you know and use every day. Before you start using Bitcoin for any serious transaction, be sure to read what you need to kno NOW WATCH: I wont trade in my iPhone 6s for an 3 Stocks Warren Buffett Cant Buy, but You Can Las Vegas Sands, Aircastle Limited, and WD-40 Company have all of the traits to qualify as Warren Buffett stocks. Jun 10, 2017. This is a step-by-step guide to help you buy ether in Malaysia. Read more to learn the steps in creating an Ethereum wallet and buying your first ether. BMWs iPerformance range of plug-in hybrids have been quite a hit with Malaysians shopping in the premium segment. BMW Group Malaysia delivered over 2,300 units of the BMW 330e, BMW X5 xDrive40e and the BMW 740Le up in the. MYCOINCLOUD mining farm is situated in Bulgaria and they use some of the most efficient miners on the market. Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy. The easiest way to buy Bitcoin and Ethereum. 20 million +. Malaysia. Available in. Malaysia. Investing Icon. Buy Bitcoin or Ethereum with. MYR via Interbank GIRO / IBFT. Eleanor S. I really like Luno, it's very slick! Star. People all over the world use Bitcoin to send money to friends and family or buy things online. It can be. Apr 6, 2016. At Luno, we're banking on Bitcoin making it big one day (or continue to make it big). Enough so that we now exclusively take our trading revenue in Bitcoin. That said, there has been a large amount of interest in Ethereum an interesting alternative bloc Continue reading >>

Luno Review Best Bitcoin Trading App For Malaysians?

Luno Review Best Bitcoin Trading App For Malaysians?

Luno Review Best Bitcoin Trading App For Malaysians? Today I want to do a simpleLuno Review. The Luno app is currently the most popular Bitcoin and Ethereum trading app in Malaysia. How it works is you can bank money to a Malaysian bank account and you will basically have MYR Credit in your Luno App Wallet at no extra cost. The Bitcoin Price In Malaysia (as well as Ethereum) is updated almost every minute, 24/7 like all other platforms. With the MYR in Luno you can then purchase Bitcoin or Ethereum based on Lunos Rates. Luno takes a small transaction fee everytime you buy or sell cryptocurrency. Click here to view Luno Fees . If you are a more advanced trader, you can even trade on the Exchange and buy or sell Bitcoin or Ethereum at a determined rate if you can find a willing trader. In this Luno Review, I will touch on some pros and cons Ive experienced using this app. Transactions happen instantly, trade 24/7 via your account Available on Web and Mobile app which is awesome Malaysian bank friendly. Buy MYR Luno credit and withdraw your earnings super quickly The fees can be a little high compared to other platforms. A small price to pay for convenience. Due to its popularity, sometimes there may be bugs (as seen on their Facebook page), and it might take a while to fix. Customer support is slow as well due to its popularity. Its like going to a busy restaurant during peak hours and asking for stellar service This is a pretty straightforward Luno review. Luno is definitely not a scammy app and I can definitely vouch for its legitness if you are a Malaysian who wants to start trading Bitcoin or Ethereum. Do note that if you wish to trade at higher amounts, you have to send some personal documents like identification and house address. Thats it for the Luno Review! Drop Continue reading >>

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In Malaysia | Luno

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In Malaysia | Luno

New to Bitcoin or Ethereum? Learn more on our Learning Portal Why are so many people investing in digital currencies like Bitcoin? People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money. Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money. People are buying Bitcoin because its like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment. Learn more about Bitcoin and Ethereum on our Learning Portal Why are people from all over the world choosing Luno? Were early industry pioneers and have been around since 2013, successfully processed more than a billion dollars in transactions and have happy customers in over 40 countries. People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one. Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus were backed by some of the world's top investors. When we say your money is safe, we really mean it. Weve built some of the worlds most sophisticated Bitcoin security systems and have never been compromised. Continue reading >>

Coinhako Adds Ether For Singaporean And Malaysian Wallet Users

Coinhako Adds Ether For Singaporean And Malaysian Wallet Users

Coinhako Adds Ether for Singaporean and Malaysian Wallet Users Coinhako, a Singapore-based Bitcoin wallet supplier declared that it will include bolster for ether (ETH). Clients can now purchase, offer and store ETH in Singapore and Malaysia. Ether tokens are the local coin and installment asset of Ethereum, the decentralized blockchain stage to run savvy contracts not worked by any standardized bank or government. ETH has vaulted to second behind bitcoin in market capitalization and fame. CoinHako.com is a bitcoin wallet benefit that expects to give simple and dependable access to bitcoin and ether for clients in Asia. The organization was the main bitcoin startup in Asia to be chosen by Silicon Valley-based hatchery Boost VC. The organization is accounted for to have prepared more than SGD $350 million in exchanges since its establishing. ALSO READ: Asian Bitcoin Growth Fund Reaches $14.5 Million through ICO The administration is privately based as it takes into consideration clients to purchase in Singapore and Malaysia with local cash, however it has made notification in the past they are hoping to extend to other Asian nations. This is, of course, I highly significant development in the Asian market. With Ether gaining steam towards being next promising cryptocurrency, Coinhakos move on the two auspicious countries will give them a mark to gauge the gains and friction in the Asian market. Ether has made great lengths in the past few weeks, breaking record with an all-time high value. In Southeast Asia, Singapore has definitely been a front-runner in blockchain technology, one of the biggest trends in fintech along with cloud computing, mobile payments, biometrics, and big data. Interest for bitcoin, ether, and blockchain technology in Malaysia, however, has immens Continue reading >>

Bitx Opens Feature-rich Bitcoin Exchange In Malaysia

Bitx Opens Feature-rich Bitcoin Exchange In Malaysia

BitX Opens Feature-Rich Bitcoin Exchange in Malaysia Nov 4, 2014 at 02:18 UTC|UpdatedNov 4, 2014 at 09:43 UTC Bitcoinfirm BitX, which focuses on bringing bitcoin services to emerging markets, has added Malaysia to its stable of exchanges. The new exchange , which has been operating live for two weeks now, allows Malaysians to link local bank accounts for both deposits and withdrawals in the local currency, the ringgit. In keeping with BitX's goal to provide local services with local staff, customer support is also available in the country's official language, Bahasa Malaysia. BitX CEO Marcus Swanepoel told CoinDesk that Malaysia is a "very tech savvy market", with bitcoin trading already active at its fringes. "[We're] seeing some good trading activity on other platforms (LocalBitcoins, WhatsApp groups etc), so it's always been a key target market for us." One existing service, btc.my , provides simple buy-sell options with withdrawals to two banks and to date hasbeen the only bitcoin buy-sellplatform available online in Malaysia. BitX Malaysia promises to provide API access, an integrated wallet, a transparent market with full order books and limit orders, and an innovation pipeline. Users will have the usual two-factor authentication and offline 'deep freeze' storage for their bitcoins. The difference is, Swanepoel added, that BitX is able to supply these features at scale, even if volumes and user numbers increase. This is the main benefit an international operation like BitX provides over smaller independent exchanges in such markets, he believes. "Our API is great to stimulate tech innovation and entrepreneurship in Malaysia, and this is a key growth area for them. So we would like to play strong role going forward." The Singapore-based firmannounced in April it a Continue reading >>

Bitcoin And Other Cryptocurrencies

Bitcoin And Other Cryptocurrencies

Important advices and tips for cryptocurrencies 1) ALWAYS activate the 2FA security feature (2 factor authentication) - most exchanges provide 2FA security feature - it is very important to use 2FA. Hackers can easily gain access to your username and password but if you have 2FA enable, it makes it virtually impossible to hack your account unless they get hold of the 2FA code. 2) Cryptocurrencies are VERY HIGH RISK investments - You can get 1000% in a short time but you can also lose 1000% very fast - Only investment the amount you are willing to lose. Please do not gamble with your life-savings by putting everything into cryptocurrencies. Yes, you might be filthy rich but you might also become bankrupt! - If you cannot stand losing 20%, 30% or even 100%, cryptocurrencies is not for you. Do look at other investment instruments - For safe investors, it is advisable to only allocate 10% of your total investments to high-risk instruments like cryptocurrencies 3) Decision to buy or sell is yours and yours alone - There will be a lot of rumours and chatter floating around so you have to decide yourself and take whatever action you think is necessary - It is important to know what you are getting into - Read on the coins you are interested in and judge for yourself whether you want to invest in it - There are links above on cryptocurrency news. You can also google for more information. 5) Have a proper strategy and do not trade with emotions - It is imperative that you have a proper strategy. DO NOT buy cryptocurrencies blindly - Your strategy can change as you go along but it is important to stick to it - Have a cut-off level where you might want to sell off your coins if it is making huge losses. However, for good coins, they will usually recover after a drop. - Don't fall Continue reading >>

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