Buy bitcoin with DuitNow in Malaysia
- Status
- Legal
- Currency
- Malaysian ringgit (MYR)
- Takes DuitNow
- 2 exchanges
- Last reviewed
- 2026-08-12
2 of the exchanges we recommend in Malaysia take DuitNow for funding bitcoin purchases. It is one of several rails in use here; the full picture is in the Malaysia guide.
What is DuitNow?
DuitNow is Malaysia's instant account to account transfer service, run by Payments Network Malaysia (PayNet) on the Real time Retail Payments platform. PayNet is the national payments infrastructure company whose largest shareholder is Bank Negara Malaysia, alongside eleven Malaysian financial institutions. You send from the internet or mobile banking app of any of 42 participating banks, or from a participating eWallet, using either an account number or a DuitNow ID such as a mobile number, NRIC, passport number or business registration number.
- Speed
- Instant and available around the clock: the funds land in the recipient account within seconds of you confirming the transfer.
- Cost
- PayNet lists transfers up to RM5,000 as free, with a 50 sen (RM0.50) fee above that amount which many banks waive.
- Limits
- RM5,000 is the free tier boundary rather than a hard cap, and each participating bank sets its own per transfer and daily transfer limits on top.
Exchanges that take DuitNow in Malaysia
Ranked as in our Malaysia guide. Every payment method shown is verified for this exact exchange and country pairing.
- 1Luno4.0
A DCG-owned exchange refocused on Africa and Southeast Asia, with a regulatory first in Nigeria.
- Fees
- Instant buys include a spread; the Luno Exchange order book charges lower maker-taker fees. Deposit costs vary by country and method.
- KYC
- Required
- Pay with
- FPX online banking, DuitNow, Local bank transfer, Credit or debit card (on international platforms)
- 2Coinmama3.9
A card-first broker that sends bitcoin straight to your own wallet instead of holding it for you.
- Fees
- A commission that varies by payment method and loyalty tier, plus a processing surcharge on card, Apple Pay, and Google Pay purchases, on top of a quoted price that includes a markup over spot. Bank transfers avoid the card surcharge.
- KYC
- Required
- Pay with
- FPX online banking, DuitNow, Local bank transfer, Credit or debit card (on international platforms)
See the full how-to-buy guide for MalaysiaEverything about buying bitcoin with DuitNow
Watch: how to choose an exchange
We have not filmed a walkthrough for Malaysia yet, so this is our general one, from our YouTube channel @dontgetrekt. It also sits on the home page, next to the country search it starts from.
Do you need a VPN?
A VPN hides which sites you visit from the network you are on and from your internet provider, which is worth having when you move money over a connection you do not control. It does not get you past an exchange's identity checks: every platform we list verifies who you are no matter where you connect from.
If you want one, the strongest records on our list belong to NordVPN (6 independent no-logs audits, the most of any service we review), Windscribe (its no-logs claim tested in the real world 3 times) and Proton VPN (the most audited service with a free tier).
Other ways to pay in Malaysia
Frequently asked questions
Which exchanges accept DuitNow in Malaysia?
Of the 3 exchanges we recommend in Malaysia, Luno and Coinmama accept DuitNow for funding purchases.
Is buying bitcoin with DuitNow legal in Malaysia?
Bitcoin is legal in Malaysia and regulated under securities law. The Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 brought digital assets under the Securities Commission Malaysia, which registers Digital Asset Exchanges as Recognized Market Operators; Luno was among the first approved, and only SC-approved assets may be listed. The SC's Shariah Advisory Council resolved in 2020 that investing and trading digital assets on registered exchanges is permissible.
How long does a DuitNow deposit take?
Instant and available around the clock: the funds land in the recipient account within seconds of you confirming the transfer. That is the rail itself; an exchange may hold a first deposit for longer while it verifies your account.
What does it cost to buy bitcoin with DuitNow?
PayNet lists transfers up to RM5,000 as free, with a 50 sen (RM0.50) fee above that amount which many banks waive. Any fee the exchange adds on top is separate, and is shown per exchange above.