KuCoin Cryptocurrency Exchange
- Buy BNB and 650+ other cryptocurrencies
- Trade without verification
- More features and benefits with KuCoin Shares
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Buying Binance Coin (BNB) is quick and simple. It's a lot like buying stocks and can take as little as 15 minutes.
You just need to create an account with a crypto trading platform like KuCoin or Bybit.
Keep reading for step-by-step instructions and a list of platforms you can use to buy Binance Coin in Malaysia.
To buy BNB all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.
If this is your first time buying cryptocurrency you'll need to look for a platform that accepts Malaysian ringgits, like KuCoin or Bybit.
Don't worry too much about extra features or coins for now – you can always sign up with another exchange later.
Use the table to choose a platform that meets your needs and click the Go to site button to get started.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not MYR.
If you want to buy BNB with Malaysian ringgits, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Malaysia and requires you to upload some photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Once you've set up your account, you'll need to deposit funds to buy BNB with. We've listed out some popular ways to buy BNB and what you should know about each payment method below.
Most exchanges let you buy as little as RM5 worth of BNB, if not less. Just type in how much you want to spend in MYR and let the exchange work out the rest.
Some platforms only offer 1 way to buy BNB, while others provide several choices. The 2 most common ways to buy BNB are on the spot market or with an "instant buy" feature.
If it's your first time buying BNB this will be the fastest method – but also the least cost-effective.
You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.
It should feature a simple interface that lets you enter the amount of BNB you want to buy, or Malaysian ringgits you want to spend.
This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.
Be prepared to pay a markup on BNB's market rate in exchange for the convenience.
If you see colourful charts with a range of prices, you're probably in the spot market.
The spot market is where buyers and sellers come together to place bids for BNB on the open market. It's usually the cheapest way to buy BNB because it lets traders set their own price.
You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.
There are several different order types that you can make on the spot market.
There are dozens of different trading platforms to choose from when buying BNB in Malaysia, so to help you find your best option, keep these factors in mind:
There are plenty of places to buy BNB, and people in Malaysia can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered BNB exchange typically offers more convenience, but may have some downsides depending on your goals.
You shouldn't invest in any asset, including BNB without doing plenty of research first. Before you buy BNB, make sure you understand and weigh up these risks:
Compare today's price of BNB ($281.98 USD) against its all time high price of $686.31 USD on May 10, 2021. The closer the bar is to 100%, the closer BNB is to reaching its ATH again.
BNB is increasingly treated as a financial asset by governments around the world. This means that you may need to declare your BNB holdings at tax time and should consider consulting a tax professional to make sure you don't run afoul of the law.
If you want to buy BNB, start by comparing a range of crypto brokers and exchanges available in Malaysia. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with the SC for added peace of mind.
Remember that owning and using BNB is not without its risks. Carefully consider investing in BNB as part of a wider strategy, and talk to a financial advisor if you have any questions.
Once you've bought some BNB, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet.
You can quickly purchase BNB on trading platforms such as KuCoin or Bybit. If you already have a funded account with one of these exchanges, then you can buy BNB instantly.
Otherwise, many crypto exchanges also offer an "instant buy" feature using a credit card. However, be warned that this comes with higher fees and other added risks. Use our table to look for a platform that offers credit card deposits to get started.
The best way to purchase BNB depends on your needs. A good place to start your research is with our top picks.
If you are buying BNB to speculate on its price in the short term, you might want to buy it on an exchange like KuCoin or Bybit, a platform that custodies the asset for you. This will let you sell your BNB at any time.
If you are buying BNB to hold it for the long term, consider buying it on an exchange and transferring it to a hardware wallet to keep the private keys safely offline.
Disclaimer: Cryptocurrencies, including Binance Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNB 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 Binance Coin or any other cryptocurrency discussed.
This guide provides step-by-step instructions on how to buy EthereumPoW, lists some exchanges where you can get it and provides daily price data on (ETHW).
This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on (CBETH).
This guide provides step-by-step instructions on how to buy Wrapped Terra Classic, lists some exchanges where you can get it and provides daily price data on (LUNC).
This guide provides step-by-step instructions on how to buy tBTC, lists some exchanges where you can get it and provides daily price data on (TBTC).
This guide provides step-by-step instructions on how to buy Shping, lists some exchanges where you can get it and provides daily price data on (SHPING).
This guide provides step-by-step instructions on how to buy Pawtocol, lists some exchanges where you can get it and provides daily price data on (UPI).
This guide provides step-by-step instructions on how to buy Moss Carbon Credit, lists some exchanges where you can get it and provides daily price data on (MCO2).
This guide provides step-by-step instructions on how to buy Orca, lists some exchanges where you can get it and provides daily price data on (ORCA).
This guide provides step-by-step instructions on how to buy Measurable Data, lists some exchanges where you can get it and provides daily price data on (MDT).
This guide provides step-by-step instructions on how to buy Maple, lists some exchanges where you can get it and provides daily price data on (MPL).
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.