Introduction
In Malaysia, purchasing Tether (USDT) through regulated exchanges like Bybit is fully legal and secure. Bybit supports MYR deposits via bank transfers, GrabPay, and Touch 'n Go, offering low fees and compliance with international regulations. It also provides access to over 1,100 digital assets, making it a top choice for Malaysian users.
Available Cryptocurrencies
- Tether (USDT) and 1,100+ other crypto assets.
Trading Fees
- 0.01% taker fee
- -0.025% maker rebate
Deposit Methods
- Bank transfers
- Debit cards
- Touch 'n Go
👉 Explore Bybit’s low-fee trading
Is USDT Legal in Malaysia?
Yes, Tether (USDT) is legal to own, buy, and trade in Malaysia, though it’s not recognized as fiat currency. The Securities Commission Malaysia (SC) regulates crypto activities, including stablecoins like USDT. Always use platforms compliant with local laws for secure transactions.
How to Buy Tether (USDT) in Malaysia
Follow these 4 steps to purchase USDT via Bybit:
- Create an Account: Sign up on Bybit’s official platform.
- Deposit MYR: Fund your account using bank transfers, GrabPay, or Touch 'n Go.
- Find USDT: Navigate to the trading section and select the USDT/MYR pair.
- Buy USDT: Enter the MYR amount to convert and complete the transaction.
MYR-to-USDT Conversion Fees
Key fees to consider:
- Deposit/Withdrawal Fees: Vary by platform (e.g., bank transfers often have zero fees).
- Trading Fees: Typically 0.1%–0.5%.
Bybit offers competitive rates:
- 0.1% trading fee
- High liquidity for efficient transactions.
👉 Compare fees across exchanges
FAQs
1. Can I buy USDT with cash in Malaysia?
No, regulated exchanges only support digital MYR deposits via bank transfers or e-wallets.
2. Which Malaysian exchanges offer USDT?
Bybit, Luno, and Binance (though Binance charges higher fees).
3. Is USDT taxable in Malaysia?
Cryptocurrencies are subject to capital gains tax; consult a tax advisor for specifics.
Conclusion
For secure and cost-effective USDT purchases in Malaysia, choose regulated platforms like Bybit. They ensure compliance, low fees, and fast MYR deposits.
Antony Bianco, a DeFi expert and co-founder of Datawallet, contributed insights on Ethereum Layer 2 solutions.
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