Bitcoin was developed by an anonymous person who goes by the alias of Satoshi Nakamoto in 2009. Bitcoins are a form of innovative currency that involves no banks. What this means for you is that there is no middleman when completing transactions. There are no fees for transactions and you do not have to use your real information, making it a great way to remain anonymous. Bitcoins can be used to purchase a plethora of things, including web hosting services, pizza and more. Many merchants are now accepting bitcoins as currency.
What Advantages Do Bitcoins Offer?
Bitcoins allow you to purchase goods and services anonymously. Furthermore, bitcoins are not regulated or attached to any one country which makes international payments simple and affordable. Bitcoins do not charge the fees associated with credit card payments, which means small businesses often prefer to use the bitcoin currency. Bitcoins can be purchased and held onto as an investment as the value of bitcoins change like other currencies by coinbox bitcoin currency.
How Can You Acquire Bitcoins?
Bitcoins can be bought and sold at bitcoin exchanges, which are simply marketplaces where a variety of currencies are actively traded. The largest bitcoin exchange market is Mt. Gox.
In the past, Malaysians had a difficult time obtaining bitcoins due to the friction surrounding this crypto-currency. As new exchanges opened, it is much easier for the people of Malaysia to obtain this new type of currency. Continue reading to learn where you can buy bitcoin if you reside in Malaysia.
Although BitX Malaysia is one of the newer exchanges, it is one of the best bitcoin exchanges in Malaysia. In addition to the emerging markets in Malaysia, it has markets in several African countries, including Namibia, South Africa, and Kenya. BitX Malaysia’s headquarters are located in Singapore. In 2014, it raised more than one million dollars thanks to the South Africa development team. The founder and head of Bitcoin Malaysia are Colbert Low.
Arsyan Ismail is an entrepreneur and the founder of cryptomarket. His company is one of the leading Bitcoin marketplaces in Malaysia. His company, btc.my, offers a bitcoin bill paying system, point of sale terminals as well as a few other projects. One of his clients is Nasi Dagang Capital. This company is located in Damansara Uptown. The restaurant offers a point of sale bitcoin terminal which accepts bitcoins for payments. Arsyan says the largest hurdle surrounding bitcoin acceptance is getting Malaysians to understand the concept of bitcoins.
Are you looking for a place to meet and trade bitcoin online or in person? If so, check out localbitcoins.com. This company is not an exchange place. Instead, it is a place where people can purchase their first bitcoin without going through the hassles customarily required by bitcoin exchanges. If you decide to use this service, you should exercise caution because it is less safe than other marketplaces. Research traders and only use ones who have a number of good reviews.
These are the top three websites for purchasing bitcoin in Malaysia. Hopefully, additional bitcoin exchanges will continue to open in Malaysia which will create an even livelier and better bitcoin marketplace. As new exchanges open, the acceptance of this currency will also continue to grow in Malaysia.