How to Buy Bitcoin in Malaysia– Beginner’s Guide

How to Buy Bitcoin in Malaysia Safely

If you’re looking to purchase Bitcoin in the Malaysia, you can follow the concise guide how to buy bitcoin in Malaysia below. In this tutorial, we’ll demonstrate the necessary steps using eToro, a broker regulated by the SEC that facilitates Bitcoin acquisitions starting at $10 and at a low cost.

For a more comprehensive guide on how to buy Bitcoin in Malaysia via eToro, a step-by-step tutorial can be found below.

What is the Best Platforms in Malaysia

If you’re unsure of how to buy Bitcoin in Malaysia online or how to enter the world of cryptocurrency investing, numerous trading platforms support immediate payment methods, allowing you to choose the payment option that suits you best when investing in crypto for the long term.

However, it’s crucial to exercise caution and examine the fees that the platform imposes, as well as whether it is regulated by a reputable financial institution. For crypto traders interested in the best coins to mine in 2023, BTC is among the top digital assets to mine.

When deciding on a platform to buy Bitcoin, consider reviewing the following five options.

1. eToro – Best Place to Buy Bitcoin in 2023

Launched in 2007, eToro is a widely-used investment platform that caters to over 28 million clients. You can purchase Bitcoin on eToro with low fees and keep your BTC in the eToro money crypto wallet.

The platform is overseen by multiple regulatory bodies, including the SEC, FCA, ASIC, and CySEC, and is registered with FINRA. You can create an account in less than five minutes and fund it using a debit/credit card, ACH, or bank wire, enabling you to buy Bitcoin with a bank account, e-wallet, or debit card.

Additionally, e-wallets are accepted, and all MYR deposits are free of charge. Furthermore, eToro is an excellent platform for buying new altcoins such as Sandbox, with tight spreads.

Thus, eToro is an incredibly low-cost option to consider when looking for where to purchase Bitcoin with fiat money. Following a deposit, you may purchase cryptocurrency based solely on the spread, or the difference between the bid and ask price. Furthermore, eToro allows users to invest in the top Bitcoin ETFs on the market, not just limited to cryptocurrencies.

eToro is a versatile platform that allows you to invest in over 75 coins and tokens, including Solana, Binance Coin, Ethereum, Dogecoin, Axie Infinity, AAVE, Decentraland, Quant, Litecoin, the Graph, Cardano, Polkadot, and many more. You can also choose to invest in a cryptocurrency-centered Smart Portfolio, which is managed by eToro and contains a broad range of digital tokens. Additionally, beginners can utilize the Copy Trading feature, which enables you to automatically copy successful Bitcoin traders on eToro. The platform has a low account minimum, as US clients can deposit as little as $10, which is also the minimum amount of Bitcoin that can be purchased. Furthermore, eToro offers one of the best crypto credit cards available, and it accepts a variety of payment methods, including credit cards, PayPal, and bank transfers.

 

 

2. Coinbase – Trusted Platform to Buy Bitcoin in Malaysia 

If you’re searching how to buy bitcoin in Malaysia, Coinbase is a great option for beginners and is one of the top exchanges available in the US. Its user-friendly and plain interface makes it simple to open an account. Once your identity has been verified, you can transfer funds free of charge via ACH.

After your Coinbase account has been credited, you can buy Bitcoin for a commission of 1.49%, which is considered high. Coinbase charges even more for purchasing Bitcoin with a debit/credit card, with the commission amounting to nearly 4%. However, this choice allows you to buy Bitcoin immediately. If you want to diversify, Coinbase offers other digital currency markets. This means you can easily get exposure to the most undervalued cryptocurrencies on the market in 2023 from the convenience of your own home.

Coinbase is also a good option when it comes to storing your Bitcoin tokens. The platform requires all users to pass a two-step verification process in order to log in. Moreover, 98% of all client funds are kept in cold wallets – and attempting to log in from a new device or IP address requires an extra verification step. For more details read our guide on the best crypto cold wallets.

Additionally, Coinbase supports a wide range of digital assets which means you can buy Ethereum, Dogecoin and other popular altcoins from your smartphone device.

 

 

3. Binance – Popular platform for Bitcoin Exchange Offering 

Binance is a popular cryptocurrency exchange established in 2017, with over 100 million users and facilitating billions of dollars in daily trading volume. When it comes to purchasing Bitcoin on this platform, Binance allows for deposits via US debit/credit cards but at a high fee of 4.5% of the transaction amount.

Furthermore, buying Bitcoin with the deposited funds incurs an instant buy fee of 0.5%. However, spot trading commissions on the main Binance exchange are competitively low at only 0.10%, making it a favorable choice for trading crypto-to-crypto pairs.

When it comes to supported markets, the US version of Binance offers 60+ markets. This covers a relatively broad selection of digital tokens – covering both large and mid-cap projects. For seasoned investors, Binance offers over-the-counter services as well as an advanced trading platform with enhanced tools and analysis features.

As one of the largest crypto exchanges across the board, did you know that you can buy Celo and other popular new cryptocurrencies including Terra Luna with some of the industry’s lowest transaction fee rates when compared to the likes of Coinbase and Kraken? For more details read our Binance review today.

4. Webull – No Deposit minimum to buy Bitcoin  

Webull is a user-friendly platform that enables US-based investors to trade stocks, ETFs, options, and cryptocurrencies with ease. Whether you prefer to trade online or via the Webull crypto trading app, you can open an account in just a few minutes. Before purchasing Bitcoin, you will need to transfer funds via ACH or a bank wire since debit/credit cards and e-wallets are not accepted.

Webull does not charge traditional trading commissions, but spreads of 1% or more must be considered. Nonetheless, the standout feature of Webull is that it allows investors to start investing in Bitcoin with as little as $1. This is also applicable to other cryptocurrencies available on the platform.

 

Additionally, you can begin trading without being obligated to fulfill a minimum deposit requirement once you sign up on this platform. Webull also provides a suitable option for those who want to invest in their retirement, as it supports several IRAs. Finally, Webull permits margin trading as long as you meet the standard minimum balance requirement of $2,000.

 

5. Kraken – Secure Crypto Trading Platform for Purchasing Bitcoin with Bank Transfer

Kraken is another option to consider when looking for a platform to buy Bitcoin. This particular online exchange has been around since 2013, making it one of the most established platforms in the industry. US-based customers can easily open an account in just a few minutes and deposit funds via domestic bank wire. It’s important to note that ACH is only supported for withdrawals. The minimum deposit required to get started with Kraken depends on the financial institution that you bank with. For example, MVB Bank requires just $1 while at Etana Custody, the minimum is $150.

Once the funds from your bank wire have arrived in your Kraken account (which typically takes 0-1 business days), you can buy Bitcoin at a commission rate of just 0.26%. For those who trade large amounts, the commission rate will be reduced. It’s also worth noting that in addition to Bitcoin, Kraken supports over 50 other digital currencies.

 

Buy Bitcoin on Kraken Now

 

Should I Buy Bitcoin Now?

Bitcoin is often regarded as the top cryptocurrency to invest in, but before deciding to invest, it’s important to conduct independent research. While timing the market may seem like a good idea, a dollar-cost averaging strategy, which is explained later on, is generally a better approach. Additionally, it’s essential to consider Bitcoin’s high volatility, as this may result in rapid price fluctuations. For those with a higher risk tolerance, Bitcoin robots like Bitcoin Prime may be of interest, allowing individuals to speculate on crypto price movements via Bitcoin CFDs. If you’re interested in learning more about Bitcoin robots, we recommend reading our comprehensive review of Bitcoin Prime.

To counteract Bitcoin’s volatility, a buy-and-hold strategy is often the best course of action, allowing individuals to hold onto their BTC tokens for an extended period of time. This approach enables investors to weather the cryptocurrency market’s frequent tumultuous fluctuations. Once you’ve acquired BTC, where should you store it? Check out our review of the Ledger Nano X, a leading cold crypto wallet, for more information.

 

Benefits of Buying Bitcoin in Malaysia

In recent years, Bitcoin has emerged as a popular investment choice for individuals and institutions alike. This digital currency has been praised for its potential to revolutionize the financial industry and provide an alternative to traditional fiat currencies. But what exactly are the benefits of buying Bitcoin? In this article, we will explore the various advantages of investing in Bitcoin and why it may be a wise decision for your financial future.

Growth faster since 2009

Bitcoin did experience some significant growth and volatility. In 2010, Bitcoin’s value was still very low, with some transactions even happening at a rate of 1 BTC for $0.003. However, over the course of the year, the price of Bitcoin rose significantly, reaching a peak of around $0.39 in early December.

If you’re considering buying Bitcoin today, you need to understand more crypto news, and know more how to buy bitcoin in Malaysia, besides,  it’s likely because you’re hoping to earn significant returns on your investment. This is a feat that Bitcoin has accomplished since its launch in 2009.

In its initial years, Bitcoin could be obtained for less than a dollar per token. Even in early 2017, this digital currency was trading at a mere $1,000.

Therefore, if you had invested in 2017 and held on until Bitcoin reached its peak of $69,000 in 2021, your investment would have increased by almost 7,000%.

 

Buy the Dip

One of the most effective ways to purchase Bitcoin is by taking advantage of the broader cryptocurrency market’s dips. These dips occur when the price of Bitcoin experiences a downward trend.

Although this can intimidate inexperienced investors, buying the dip presents an opportunity to enter the market at a discounted price.

For instance, as mentioned earlier, Bitcoin reached $69,000 in 2021. However, in January 2023, the digital token fell to lows of $20,000, representing a 70% drop from its all-time high.

Since Bitcoin and other cryptocurrencies frequently undergo volatile price fluctuations, there are numerous opportunities to buy the dip in this market.

Limited Supply

All global currencies – whether it’s the US dollar, euro, or British pound, experience inflation. This is largely because of central bank monetary and fiscal policies, which result in so-called money printing.

However, in the case of Bitcoin, its supply cannot be manipulated by any single person or authority. On the contrary, new Bitcoin is minted automatically every 10 minutes.

This will continue to be the case until approximately 2140 – when the total supply will be capped to 21 million tokens. From an investment perspective, this means that you are purchasing an asset that in many ways, is not too dissimilar to gold.

After all, both Bitcoin and gold have a fixed supply, and thus – they are both referred to as stores of value by many market commentators.

Decentralization and Security

One of the key benefits of buying Bitcoin is its decentralized nature. Unlike traditional fiat currencies, Bitcoin operates on a decentralized network, meaning that no single entity or government controls it. This means that Bitcoin transactions cannot be manipulated or censored by any centralized authority, providing increased security and privacy for users.

In addition, Bitcoin transactions are secured using advanced cryptographic techniques, making them nearly impossible to hack or counterfeit. This provides an added layer of security for investors, ensuring that their investments are safe from theft and fraud.

Transparency and Efficiency

Another major benefit of Bitcoin is its transparency and efficiency. All Bitcoin transactions are recorded on a public ledger known as the blockchain, which can be viewed by anyone with an internet connection. This provides complete transparency and accountability for all Bitcoin transactions, making it difficult for fraudsters to engage in illegal activities.

In addition, Bitcoin transactions are processed quickly and efficiently, often taking only a few minutes to complete. This makes Bitcoin a popular choice for individuals and businesses alike, as it allows for fast and reliable transactions without the need for intermediaries.

Global Acceptance and Accessibility

Bitcoin is a global currency, meaning that it can be used anywhere in the world without the need for currency conversion. This makes it a popular choice for international transactions, as it allows for seamless cross-border payments without the need for costly fees or delays.

In addition, Bitcoin is highly accessible, with numerous exchanges and wallets available for users to buy, sell, and store their Bitcoin holdings. This provides greater flexibility and control for investors, allowing them to easily manage their investments from anywhere in the world.

Potential for Growth and Profit

Finally, one of the most attractive benefits of buying Bitcoin is its potential for growth and profit. Bitcoin has experienced significant price volatility in the past, with dramatic price increases and decreases occurring over short periods of time. While this volatility can be concerning for some investors, it also provides opportunities for significant returns on investment for those who are willing to take the risk.

Moreover, with the increasing mainstream adoption of Bitcoin and the growing acceptance of cryptocurrencies as a legitimate asset class, it is possible that Bitcoin will continue to experience significant growth and appreciation in value over the long term.

Methods of Buying Bitcoin

When it comes to buying Bitcoin, there are several methods to choose from. Here are the most common methods of buying Bitcoin:

Buying Bitcoin from a Cryptocurrency Exchange

Cryptocurrency exchanges are online platforms that allow you to buy, sell and trade cryptocurrencies. Here are the steps for how to buy Bitcoin in Malaysia from a cryptocurrency exchange:

1. Choose a reputable cryptocurrency exchange: There are several cryptocurrency exchanges to choose from, but not all of them are trustworthy. Do your research and choose a reputable exchange.
2. Register an account: Once you’ve chosen an exchange, you’ll need to create an account. This will usually involve providing your name, email address, and proof of identity.
3. Add funds to your account: To buy Bitcoin, you’ll need to add funds to your exchange account. You can usually do this by linking your bank account or credit card.
4. Buy Bitcoin: Once you’ve added funds to your account, you can buy Bitcoin by placing an order on the exchange.

Buying Bitcoin from a Bitcoin ATM

Another way for how to buy Bitcoin in Malaysia is by using a Bitcoin ATM. Here are the steps to buy Bitcoin from a Bitcoin ATM:

1. Find a Bitcoin ATM: You can find Bitcoin ATMs using websites like Coin ATM Radar.
2. Verify your identity: To use a Bitcoin ATM, you’ll need to verify your identity. This may involve scanning your ID or providing a phone number.
3. Add funds: You can add funds to a Bitcoin ATM using cash or a debit card.
4. Buy Bitcoin: Once you’ve added funds, you can buy Bitcoin by following the on-screen instructions.

Buying Bitcoin from a Peer-to-Peer Marketplace

A peer-to-peer marketplace is a platform that connects buyers and sellers directly. Here are the steps to buy Bitcoin from a peer-to-peer marketplace:

1. Choose a reputable peer-to-peer marketplace: There are several peer-to-peer marketplaces to choose from, but not all of them are trustworthy. Do your research and choose a reputable marketplace. Example like Binance has provided the Peer-to-Peer.
2. Create an account: Once you’ve chosen a marketplace, you’ll need to create an account.
3. Find a seller: Look for a seller who is selling Bitcoin at a price you’re comfortable with.
4. Buy Bitcoin: Once you’ve found a seller, you can buy Bitcoin by following the instructions on the marketplace.

What is the Best Way to Buy Bitcoin in Malaysia?  

You should also consider the different platforms that are present in the Bitcoin investment landscape.

For instance, many inexperienced investors confuse Bitcoin exchanges and brokers as two of the same things.

Although both platform types give you access to the Bitcoin markets, the way in which your transaction is carried out is actually different.

What about crypto signals? 

Ever wondered how to buy Bitcoin in Malaysia by using the best crypto signals? Crypto signals are trading ideas sent out by advanced crypto investors that tell you whether you should buy or sell a specific crypto at a specific price and time.

The best crypto signals are based on a variety of metrics, such as trending news, technical and fundamental analysis, bullish and bearish markets, and investor sentiment.

Bitcoin Exchange   

The vast majority of Bitcoin platforms operate as a cryptocurrency exchange. In simple terms, this means that the exchange in question operates as a middleman between buyers and sellers.

How to buy Bitcoin in Malaysia by using USD. For example, let’s suppose that you want to buy Bitcoin with US dollars. For this transaction to occur at a cryptocurrency exchange, a user would need to sell their BTC tokens to you in exchange for USD.

In turn, your chosen Bitcoin exchange would charge a commission once the trade has been executed. The key problem with Bitcoin exchanges is that many platforms are unregulated.

While this might appeal to those seeking to buy Bitcoin in an anonymous manner, you can never be quite sure that your money and digital tokens are safe.

Moreover, unregulated Bitcoin exchanges will often only allow you to deposit funds in cryptocurrency – meaning that you won’t be able to use a debit/credit card or perform a bank transfer.

Bitcoin Broker    

If you’re learning how to buy Bitcoin in Malaysia for the first time, then it might be best to use a broker. Unlike exchanges, brokers sit between you and the cryptocurrency markets. And as such, you can buy Bitcoin instantly, directly with the broker.

The easiest and most secure method to purchase Bitcoin online is through a broker. Regulated brokers like eToro are licensed by various governing bodies, including the SC, which guarantees the safety of your funds and digital assets.

Additionally, brokers offer various payment options for depositing US dollars. Kraken supports bank wire transfers, while eToro, Coinbase, and Binance offer debit/credit card payment options.

Another factor to consider when buying Bitcoin is storage. Exchanges typically recommend withdrawing digital assets to a private wallet, which can be daunting for beginners.

In contrast, using an SEC-regulated broker such as eToro allows you to store your tokens safely in your portfolio, with the broker being responsible for keeping them secure.

Decentralized Exchange (DEX)    

While the majority of Bitcoin trading occurs on centralized exchanges and through brokers, it’s worth noting the emergence of decentralized exchanges (DEXs). These platforms enable you to buy Bitcoin directly from a seller, bypassing the need for a third party.

However, the primary drawback of decentralized exchanges is the absence of regulation. Additionally, DEXs have significantly lower trading volumes compared to traditional exchanges and brokers, resulting in inadequate liquidity levels that could hinder trades.

 

Bitcoin Value and Price

When researching the price of Bitcoin, you’ll discover that the digital asset is typically quoted and traded in US dollars, similar to commodities like gold, silver, wheat, oil, and natural gas.

Like these hard and soft commodities, digital currencies such as Bitcoin follow the law of supply and demand, meaning that an increase in buyers will boost its value, while more sellers than buyers can cause a price drop.

Bitcoin’s price initially traded at under $1 and currently sits at around $20,000, which is 70% lower than its all-time high. It’s worth noting that Bitcoin’s price isn’t traded on centralized exchanges, unlike traditional stocks that are listed on centralized-controlled exchanges like NYSE or NASDAQ.

As a result, Bitcoin prices may vary slightly across different exchanges. Although this variation is minor, market arbitrators can quickly take advantage of any pricing gap.

Prediction of the Bitcoin Price

If you’re interested in exploring Bitcoin price projections, you’ll find an abundance of resources online. There are numerous analyses available that forecast the future direction of Bitcoin prices.

However, it’s important to keep in mind that Bitcoin predictions are often inaccurate. In addition, while some predictions suggest that Bitcoin’s value will rise, there are also predictions that suggest the opposite.

Rather than relying on Bitcoin price forecasts, it’s advisable to take a long-term approach when dealing with digital currencies. If you believe that Bitcoin will appreciate in value over time, then holding onto it for the long haul will enable you to weather price volatility spikes.

 

Is this a Good Time to Buy Bitcoin ?

Have you ever thought about whether it’s too late to invest in Bitcoin in 2023? Instead of trying to time the market, it’s best to consider dollar-cost averaging your investments, as we mentioned earlier.

In simple terms, this means committing to a regular investment schedule of smaller purchases.

Timing the Bitcoin market can be challenging due to its volatile nature, and it is worth noting that there may be more favorable times to purchase Bitcoin than others.

Similar to any other investment, Bitcoin investors should consider their risk tolerance and market conditions. However, some trading strategies that may perform well in traditional stock markets may not yield profits in cryptocurrency trades.

The ideal time to buy Bitcoin is when you feel ready to start investing. It’s important not to invest more than you’re comfortable losing, and remember to use the dollar-cost averaging strategy. Once you have established your investment position, you can refer to this guide to determine the best timing to enter the Bitcoin market.

Buying the BTC Dip

In a previous section, we mentioned the strategy of buying the dip, which involves timing the market by purchasing Bitcoin during a downward trend to obtain a lower cost price. However, historical data in both the cryptocurrency and traditional stock markets show that dollar-cost averaging is more profitable than consistently buying the dip. The latter strategy may result in missed opportunities for profit during a prolonged upward trend in Bitcoin’s price, as you may not purchase again until the price drops.

How to Buy Bitcoin in Malaysia Safely ?

There are several ways that you can ensure that you buy Bitcoin safely. Not only in terms of using regulated brokers to complete your purchase, but in terms of wallet security.

Here’s what you need to know to buy and hold Bitcoin in a secure manner.

Choose a reputable exchange

When buying Bitcoin, it’s essential to choose a reputable exchange. Research the exchange you’re considering using to ensure that it has a good reputation and a history of secure transactions.

Secure your account

Once you’ve chosen an exchange, it’s important to secure your account. Enable two-factor authentication (2FA) and use a strong password to prevent hackers from gaining access to your account.

Verify the recipient’s wallet address  

Before sending Bitcoin to someone, verify the recipient’s wallet address to ensure that it’s accurate. Scammers often use fake addresses to steal Bitcoin from unsuspecting victims.

Use a cold wallet  

A cold wallet is a hardware device that stores your Bitcoin offline, making it less vulnerable to hacking. Consider using a cold wallet to store your Bitcoin for added security.

 

Don’t share your private keys  

Your private key is like a password that allows you to access your Bitcoin. Never share your private keys with anyone, and don’t store them online or on your computer.

Is it safe to buy Bitcoin with a credit card in Malaysia?   

How to buy Bitcoin in Malaysia by using credit card ? Buying Bitcoin with a credit card is a straightforward process. You can use a cryptocurrency exchange like Coinbase, Binance, or Kraken, which allows you to purchase Bitcoin with your credit card. Once you’ve created an account and linked your credit card, you can buy Bitcoin instantly.

While buying Bitcoin with a credit card is convenient, it comes with risks that you need to be aware of before you make a purchase.

Fraud and Scams

One of the most significant risks of buying Bitcoin with a credit card is the potential for fraud and scams. Hackers can steal your credit card information, which can result in unauthorized purchases. Additionally, some fraudsters create fake cryptocurrency exchanges and social media accounts to scam people out of their money.

High Fees

Another risk of buying Bitcoin with a credit card is the high fees. Credit card companies charge merchants a fee for processing transactions, which can be passed onto you as the buyer. These fees can range from 2% to 5%, which can significantly increase the cost of your Bitcoin purchase.

Security Issues

Finally, there are security issues associated with buying Bitcoin with a credit card. If your credit card information falls into the wrong hands, hackers can use it to make fraudulent purchases. Additionally, cryptocurrency exchanges can also be targeted by hackers, which can result in the theft of your Bitcoin.

 

Benefits of Buying Bitcoin with a Credit Card in Malaysia

Despite the risks, there are also benefits to buying Bitcoin with a credit card.

Convenience

One of the main benefits of buying Bitcoin with a credit card is convenience. You don’t have to go through the hassle of setting up a bank transfer or wait for funds to clear, which can take several days. Instead, you can buy Bitcoin instantly using your credit card, which can be beneficial if you want to take advantage of a sudden price increase.

Instant Transactions

Another advantage of buying Bitcoin with a credit card is the speed of the transaction. Unlike bank transfers, which can take several days to process, buying Bitcoin with a credit card is almost instant. This means you can buy Bitcoin at the current market price, which can be crucial when the price is volatile.

Reward Points

Finally, some credit cards offer reward points or cashback on purchases, which can be beneficial if you’re a frequent Bitcoin buyer. By using your credit card to buy Bitcoin, you can earn rewards points that you can redeem for various benefits, such as travel miles, cashback, or discounts.

 

How to Buy Bitcoin in Malaysia From the Platform – Tutorial Guide

If the previous brief guide on purchasing Bitcoin in the Malaysia was not comprehensive enough, we will now provide a more detailed step-by-step explanation.

Step 1: Register an Account 

First, you must create an account with eToro, which involves providing fundamental personal information such as your name, date of birth, and nationality. Additionally, you must enter and confirm your email address and mobile phone number.

 

Step 2: Verification

By choosing a regulated online broker like eToro, you can enjoy the convenience of making deposits and withdrawals in US dollars. However, it is important to note that you will be required to upload a scanned copy of your government-issued identification card. As soon as you have uploaded a legible copy of your document, eToro should be able to verify it without delay.

Step 3: Deposit Funds 

You are now able to deposit funds into your eToro account, as the broker accepts a wide range of payment methods, including debit/credit cards, ACH, Paypal, and bank wires. Additionally, eToro has set the minimum deposit threshold at a reasonable $50, and there are no fees charged on USD deposits, regardless of the payment method you choose to use.

Step 4: Search for BTC 

Go over the search bar, and search “BTC” this word.

 

You can click on the ‘Trade’ button when you see Bitcoin appear below the search bar.

Step 5: Buy Bitcoin 

Lastly, you must place a buy order with eToro to indicate your interest in investing in Bitcoin. To do this, you must indicate your total investment amount, which can be a minimum of $10 in US dollars. For instance, if you plan to invest $100 in Bitcoin, you can simply specify this amount. After clicking the ‘Investing’ button, eToro will execute your order instantly, and the purchased tokens will be added to your portfolio.

How to Sell Bitcoin Safely in Malaysia ？

If you choose to keep your BTC tokens in your eToro account, cashing out is an immediate process. All you need to do is create a sell order from your portfolio by clicking on the red cross button located next to your Bitcoin investment. After that, you can click on the ‘Close Trade’ button, and eToro will instantly sell your tokens and add the proceeds to your account balance, which you can then withdraw.

However, if your Bitcoin is stored in a private wallet, you will first need to transfer the tokens to a cryptocurrency exchange before you can cash out.

Now that you have learned how to buy and sell BTC, you may also be interested in reading our guide on how to spend Bitcoin in 2023.

Latest Bitcoin News in Malaysia

Let’s quickly review the latest Bitcoin news for the week starting April 6th, 2023, to ensure you are up-to-date with any significant developments or price movements:

• For BTC holders, the past week was uneventful, with the coin’s price only rising by 0.72%. BTC is currently trading around the $28,000 region, which has acted as resistance over the past two weeks.
• Last week, the number of Ordinals on the Bitcoin network hit an all-time daily high of 58,179, which is over 83% higher than the previous high in early March.
• Additionally, data from last week revealed that Bitcoin’s market liquidity had fallen to a ten-month low. This decrease in liquidity is due to the recent bank run that caused three US banks to fail.

Conclusion  

This comprehensive guide has covered all the essential aspects of buying Bitcoin in the US. We have provided detailed reviews of the best Bitcoin exchanges and discussed the most suitable payment methods for your needs.

Furthermore, we have thoroughly explained the safe and secure process of buying Bitcoin through a SEC-regulated broker, eToro. With eToro, you can easily fund your BTC investment using a debit/credit card, e-wallet, or bank transfer. Additionally, the minimum deposit requirement is only $10, making it accessible for all.