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How To Buy Ethereum In Malaysia

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 >>

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 >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much 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 >>

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 >>

How To Buy Ethereum (eth Or Etc)

How To Buy Ethereum (eth Or Etc)

To buy Ether online, you can either turn to an Ethereum exchange or speculate on the price of Ether through a CFD broker. Buy ETH (or ETC, Ethereum Classic) directly through an online exchange. Ether will be stored in and available for withdrawal from your virtual wallet. Changelly ( Changelly.com ): buy Ether, Bitcoin and over 30 other crypto-currencies at instantly at the best rates. Each account is protected with 2 factor authentication. Changelly supports deposits through Visa and Master Card. Visit BitBay ( Bitbay.net ): buy and sell Bitcoin, Ether, Litecoin and Lisk. Each account is protected with 2 factor authentication. Supports bank transfers and credit cards for deposits alongside a wide range of withdrawal options (including ATM withdrawals). Visit Alternatively, you can speculate on rises and falls in the price of Ether through a CFD broker, without having to worry about owning and securing coins in your ETH wallet. Trade CFDs on Ether through the following brokers: eToro ( eToro.com ): open an account with eToro, a social trading platform, to speculate on the Ethereum exchange rate against the US Dollar. eToro also allows you to fund your account through debit cards, credit cards and PayPal. Unlike other brokers, eToro also allows you to follow and copy other successful traders. If you are new to Forex or online trading, this is an opportunity to learn from the best. Plus500 ( Plus500.com ): trade CFDs on Ethereum through the company's award-winning platform on leverage up to 1:30. Plus500 accepts a wide range of payment methods, including debit cards, credit cards and PayPal. The broker is regulated by the FCA, CySEC as well as ASIC and is headquartered in London. Visit Plus500.com to open an account online. Like Bitcoin, Ethereum is an open-source platfo Continue reading >>

Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysian Minister: No Bitcoin Trading Ban Planned Jan 2, 2018 at 14:50 UTC|UpdatedJan 2, 2018 at 14:58 UTC Malaysia's second finance minister has said the government will not ban the trading of bitcoin and other cryptocurrencies, though it will remain cautious on the technology. In an interview with The Malaysian Reserve ,Johari Abdul Ghanis emphasised the importance of "striking a balance between public interest and integrity of the financial system," adding that to ban cryptocurrencies wouldharm fintech innovation. "It is not the intention of the authorities to ban or put a stop on any innovation that is perceived to be beneficial to the public." However, Johari added that Bank Negara Malaysia (BNM), the country's central bank, will in future ensure cryptocurrency exchanges conduct customer due diligence and report suspicious transactions. As with any investment schemes, Johari said, "there is a need to have proper regulation and supervision to ensure any risk associated with such schemes are effectively contained." BNM published its draft guidelines to cover cryptocurrency exchanges in December, as reported by CoinDesk. The minister further discussed the importance of fintech innovationfor Malaysia, saying it would boost economic productivity, as well as "make financial intermediation more seamless."Digital currencies and e-wallets should beincluded in Malaysia's digitalisation roadmap, he added. On a concluding note,Johari argued that it was important for authorities to have a sound understanding of cryptocurrencies before bringing in new policies and regulations. "This is particularly relevant to recent innovation like bitcoin, which remains unregulated globally and not battle-tested against shocks, unlike more conventional mediums of exchange," he told the Reser 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 >>

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 >>

Where You Can Buy And Trade Ethereums Ether (eth) Coins

Where You Can Buy And Trade Ethereums Ether (eth) Coins

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Where You Can Buy and Trade Ethereums Ether (ETH) Coins Ethereums Ether coins have been available for mining and trading for just a couple of days, but a few of the larger crypto currency exchanges have already added the coins for trading. Below you can find a list of the crypto currency exchanges where Ethereums Ether coins can be purchased and sold for the moment with more exchanges probably following soon. The list below has the exchanges listed by the ETH trading volume for the moment: It would be nice to also see some Ethereum Faucets that will be giving out some free Ether coins for people to try if they have everything ready for their local Ethereum wallet as well as when they are preparing to start mining the coin. In our recent Quick Guide on How to Mine Ethereum on Windows we have covered how you can get started. However mining either locally or in a mining pool can take some time before you get your first Ether (ETH) coins in your wallet, especially if you have low hashrate. Alternatively you can just buy a fraction of ETH for testing things out from an exchange listed above and transferring them to your local wallet. 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 >>

Buysellcoin: How To Buy Or Exchange For Ethereum In Malaysia

Buysellcoin: How To Buy Or Exchange For Ethereum In Malaysia

How to Buy or Exchange For Ethereum In Malaysia Ethereum become the second largest crypto currency yesterday after the crash on 27 May 2017. The price going up and reach $220 new high today. Many people ask me. How to buy ethereum coin in Malaysia. We sellEthereumfor people who are interested in investing/payment purpose with Ether. We also provide exchange if you want to use your bitcoin to exchange ethereum with us. There are no additional charges if you exchange online with us. 1) If you're confident into Ethereum investment and looking into long term profit. 2) You plan to buy something using Ethereum 1) We are trusted reseller of selling bitcoin & ethereum locally in Malaysia. 2)You get ethereum immediatelyinstead of waiting for wire transfer period, processing period, as well as saving all those transaction fees. 3)You don't have to go through the hassle for registering Ethereum Exchange website, We do the job for you as an Agent 4)Think of buying it? not sure how long to get your etheruem after payment? buy from us and you'll know it. from sending payment to receiving takeless than 5min,longest 10min i assured.(when i'm contactable,almost 24/7) DO IT YOURSELF TO EXCHANGE YOUR BITCOIN TO ETHEREUM Continue reading >>

How To Buy Cryptocurrency Like Bitcoin In Malaysia

How To Buy Cryptocurrency Like Bitcoin In Malaysia

Now is one of the best times to own Bitcoinbut only if you bought it last year. That doesnt mean youre out of the cryptocurrency gold rush, fortunately. Everything between Dogecoin, Ethereum and NEM are all still an opportunity for users to hedge their bets, though options for Malaysians to buy can be limited. Just keep in mind how volatile these cryptocurrencies usually aremore volatile than Bitcoin even, which relies on its founding ideology to drive more stability. With enough smarts and research, you might also still benefit from buying Bitcoin even today. Fun Fact: Bitcoin was born out of the financial crisis of 2008, which drove demand for currency that is not controlled by a central authority. It aims to fix the problem by capping the maximum number of Bitcoins that can ever be in circulation and the rate new Bitcoins can be produced. So if youre an extreme beginner who is curious about how to own your very own chunk of cryptocurrency, heres where to get them. Before you make any serious purchases, read up about cryptocurrency wallets and how to secure them . Try to stick to officially endorsed wallets, and be careful of malware pretending to be wallets. As a fair warning, weve received reports of Bitcoin owners in Malaysia whose wallets were suspended from transferring into Malaysian bank accounts, lasting approximately a month. Do bear this in mind before you commit your money to any wallets. We think a good rule of thumb is to only buy cryptocurrency with money you can afford to lose. The list below is curated based on platforms that have a substantial presence in Malaysia, either through good reputation, or those who are run by Malaysians, as far as we can find. Luno allows you to trade Ringgit with cryptocurrency directly. This Singaporean app is probably t Continue reading >>

How Do You Buy Bitcoin In Malaysia?

How Do You Buy Bitcoin In Malaysia?

Hey guys, if youre wondering how to buy Bitcoin in Malaysia, look no further!There are two easy ways to purchase Bitcoin with your Ringgit, i.e. either via Luno or Localbitcoins. There are other ways of purchasing them of course, but Ive personally tried these two methods and they work pretty well. Disclaimer:There are some warning signs that you should consider when using an exchange. If a lot of people are suddenly having issues with withdrawals, then take it as a red flag and try to avoid the exchange. Always do a research on the exchange first before using it. The crypto world moves very quickly. Sometimes issue pop up really quickly. You can check out Lowyat Forums on Bitcoin to see if there are any issues with any exchanges. You basically need to sign up for an account at Luno before you can buy Bitcoin in Malaysia. Always, always use a very strong password that you have not used elsewhere. That way, its harder to get hacked. Remember to always run Malware scans as well for additional safety. Once youve signed up for an account and have your account approved, youll see this interface: As you can see, Ive done quite a number of deposits but zero withdrawals. Thats because I used my Bitcoins to trade for other altcoins and Im still keeping them. Ive withdrawn Bitcoins before but that was via Localbitcoins. You can use both, but Localbitcoins is faster as its peer to peer. You have a limit of RM5,000 if you dont give any identity verification. For e.g. you may be required to give a softcopy of your passport or other identification to verify yourself. I personally never verified myself as Ive not reached the limit of RM5,000 yet. To buy Bitcoin, you need to first deposit some Ringgit into your Luno wallet. As you can see below, you need to deposit your money. Once yo Continue reading >>

How To Buy Iota Cryptocurrency | A Step By Step Guide

How To Buy Iota Cryptocurrency | A Step By Step Guide

How to Buy IOTA Cryptocurrency | A Step by Step Guide If you dont already own another cryptocurrency and want to purchase IOTA, youll first need to buy Bitcoin or Ethereum. You can then send your Bitcoin or Ethereum to these exchanges: Binance, Bitfinex, Coinone, or OKEx. If you dont already own another cryptocurrency and want to purchase IOTA, youll first need to buy Bitcoin or Ethereum. You can then send your Bitcoin or Ethereum to these exchanges: Binance, Bitfinex, Coinone, or OKEx. You can trade BTC/ETH for IOTA at one of these exchanges: Binance, Bitfinex, Coinone, or OKEx Despite being one of the largest cryptocurrencies in market capitalization, there are currently a very limited number of exchanges where you can buy IOTA . With that in mind, Ill show you the most popular options currently being used and explain the process for purchasing IOTA coins. There are currently only two exchanges with significant trade volume of IOTA, neither of which accept fiat currency (USD, EUR, etc.) deposits. If you dont already own another cryptocurrency and want to purchase IOTA, youll first need to buy Bitcoin or Ethereum . You can then send your Bitcoin or Ethereum to one of the following exchanges and trade it for IOTA: Bitfinex Based out of Hong Kong, Bitfinex consistently has some of the largest daily trade volume of all cryptocurrency exchanges. Unfortunately for U.S. based investors, Bitfinex has recently discontinued serving U.S. individual customers . Binance Binance is a very new exchange. The company raised $15 Million via their Initial Coin Offering (ICO) in just 3 minutes on July 3rd, 2017. Less than two weeks later, the exchange went live on July 14th. While its certainly reasonable to be cautious about such a new exchange, Binance has very quickly built a user ba Continue reading >>

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