South East Asia Bitcoin Exchanges - Buy BTC with Singapore Dollars, Malaysian Ringgit, Philippine Peso & Thai Baht
The use of Bitcoin’s is becoming more popular around South East Asia, as Cryptocurrencies go mainstream in Asia, especially the ASEAN states of Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. The newfound interest in the region comes amid growing wealth and consumer spending in Southeast Asia, and rapidly improving digital and physical connectivity.
There has been a surge in Bitcoin trading in this particular region of the world as more Exchanges offer investors access to financial Crypto Markets
CoinHako
If you’re a Singaporean or Malaysian resident, consider using this Bitcoin Exchange deemed to be one of the most user-friendly platform available when it comes to buying and selling Bitcoin in Asia.
Based in Singapore & founded in 2014, Coinhako allows Singaporeans to buy Bitcoin with Singapore Dollars and has expanded their Fiat to Crypto service for Malaysian clients, accepting Ringgit (MYR) to be traded BTC or vice versa.
CoinHako also offers it’s Customers the option to directly exchange domestic Fiat currency to Ethereum, which most Crypto Exchanges do not offer regardless of ETH recent surge in Trading volume & popularity, making it one of the few exchanges where Malaysian/Singaporeans can purchase trade Ether bypassing the need to purchase BTC
The team behind Coinhako also received a “six-figure” investment from venture capitalist and also a participant from “Tribe 4” of Boost VC’s accelerator program, making them one of the more reputable Crypto Exchanges in South East Asia
CoinHako is a trusted and established Exchange, known to be the first insured Bitcoin Exchange in Southeast Asia since 2015. While only two countries seem to be entitled to their services at this moment, CoinHako team plans of expanding to up to five countries in Southeast Asia by 2018
LUNO
Formerly known as BitX, Luno is a Singaporean Bitcoin Exchange with operations in Indonesia, Malaysia, Nigeria, South Africa and the United Kingdom. With headquarter in Singapore and offices in Jakarta and Cape Town, this Bitcoin startup is gaining popularity as trading volume surges throughout this region, particularly in Malaysia as it’s providing highest Liquidity to MYR/BTC pair allowing users to exchange between Fiat money and Bitcoin
Founded in 2013, the company has since expanded and even launched operations in Nigeria in July 2015 to exploit Bitcoin’s potential in Africa’s biggest economy.
The short-term growth of the platform also allowed the company to secure nearly US$10 million in funding from notable private investors and venture capital firms, including Tim Draper and Ceyuan Ventures
Luno’s bitcoin wallet has been reviewed to become of South Asia’s most user-friendly mobile Bitcoin Wallet. Featuring an Exchange that facilitates transactions such as buying, selling and paying through their Bitcoin wallet services.
Coins.ph
There are two Exchanges independent from each other, Coins.Ph is Philippines largest Bitcoin dedicated Exchange featuring PHP/BTC pair whereas Coins. Coin.TH offers TH/BTC pair, with plenty of liquidity between Thai Baht via Bitcoin pair. Besides offering Trading services, Coins also features person-to-person wallet transfers, bill payments, mobile top-ups, online shopping, and remittance services
The company behind Coins.Ph/TH was founded in 2014 by Silicon Valley entrepreneurs Runar Petursson and Ron Hose who is also a founding partner at Innovation Endeavors, an early stage venture capital fund backed by Google Investor Eric Schmidt.
With a dedicated Team, Coins has plenty to offer as their core mission is to increase financial inclusion by delivering financial services directly to people through their mobile phones. Due to their partnership with local banks, business, remittance networks, and merchants, customer get to choose from 10 different method of Payment Options.
Coins Exchange has really become the people's choice and the positive feedback proves that, with the mobile app being praised to be one of the best and well-rounded Bitcoin service currently available in the Philippines, Thailand & Malaysia
Bitcoin.co.th
Thai users can fund their account via domestic bank transfer, allowing deposit from a variety of banks such as The Siam Commercial Bank, Krungthai Bank, Kasikornbank, TMB bank, Krungsi Bank and Bangkok Bank.
The company behind this Bitcoin Exchange is Bitcoin Co. Ltd, who also own Thailand's second most popular Bitcoin Exchange known as bx.in.th
Besides Bitcoin-Thai Baht exchanges, also it's users to pay their Mobile phone bills via BTC. Providing Middle services. Overall, they provide a platform for local population
Bitcoin.co.th also provides proof of funds held by the exchange by listing all the addresses that have unspent inputs. Users are ensured that the Exchange holds their Bitcoin by requesting an operator to sign a message for each address as proof that personal funds are indeed within the exchange's control.
in Indonesia bitcoin is also very popular, many indonesians now have bought bitcoin but the Indonesian government has not legalized the use of bitcoin and even in the media publis that the bank Indonesia will apply sanctions on bitcoin Indonesia
yeah, I'm actually writing a part 2 to cover Bitcoin Exchanges for Laos, Vietnam, Indonesia, Cambodia, Myanmar & Brunei. But I've noticed that there seems to be a lot of reuglation in these Countries, hence why there is little to no Bitcoin Infrastructure. Will do some research to learn more about it.. Technically I do find Bitcoin Exchanges for Indonesia however I've also noticed news circulating online that there is a Ban in place for 2018... hopefully people in these parts of the worlds are allowed to participate in Crypto trading
yes .. hopefully everyone can freely participate as we expect. thank you for your continued research on southeast asia bitcoin
May I know what Exchanges you're using! As like what's the most popular Exchange in Indonesia and based from news alone, I assume that there might a Government crackdown sometime this year, however Exchanges are still operating. Luno, Malaysia largest Exchange had their Bank account frozen for almost 3 months but are given a green light by the Government to continue business here in Malaysia
I'm glad the IRB has finally unfroze Luno's bank account, it is a good news to the Malaysian. This is a great info of the SEA exchange, I'm waiting for the second part of your writing.
@steemitguide it will be interesting to see how this will all impact the Western Markets, even though I live in England so hoping that the whole blockchain and crypto world does really become mainstream.
:) the more globalized the better! I lived Malaysia but moved to Germany. At least I can take my Crypto with me. It's a great feeling knowing that you don't need to pay ridiculous Bank fee's. Foreign Workers should take note of this.
Hiii,,, permission follow