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Frequently asked questions
Ether is a functional currency. As the amount and use and acceptance of Ether increases, the price will also increase. Ethereum can be used to make processes smarter and get the most out of it. The price of Ethereum will increase if Ethereum is accepted by more institutions and its popularity and use increase. In 2016, the value of each ether was less than one dollar, but for example, in 2020, which was the year when digital currencies flourished, the price of Ethereum increased by 200 times. In conclusion, Ethereum has a special place among digital currencies and a bright future is predicted for it. With updates coming in the near future, Ethereum will become faster and a more viable investment option. Investing in Ethereum may seem risky, but if all goes well, the returns on this investment might be impressive.
The use of cryptocurrency as a form of payment in Malaysia is not widely accepted. While some
businesses may accept cryptocurrency as payment, it is not yet a common method of payment
in the country. The central bank, Bank Negara Malaysia (BNM), has issued guidelines for
individuals and businesses to follow when using digital currencies, including cryptocurrencies,
but has not yet issued any specific regulations regarding their use as a form of payment.
It's important to keep in mind that the use of cryptocurrency as a form of payment is still in its
early stages and may not be accepted by all businesses. Before making a purchase with
cryptocurrency, it's a good idea to check with the merchant to see if they accept it as a form of
Yes, you can cash out your cryptocurrency assets in Malaysia. You have the option to convert
your cryptocurrency holdings into Euros through our digital asset exchange platform. Once the
sale is complete, you may withdraw the funds to your bank account or use them for other
transactions as per your requirement.
Officially, ETH has a minimum fractional number called a Wei. Each Wei equals 0.000000000000000001 ETH (10-18). But the minimum amount you are allowed to purchase is dependent upon your exchange’s minimum limit. Our exchange allows a minimum of $10.
The adoption of cryptocurrency and the number of people owning crypto assets can vary greatly
and is subject to change. Additionally, the ownership of cryptocurrency is often not publicly
disclosed, making it difficult to determine the exact number of people who own these assets.
However, it is estimated that over 1 million people, 3.1% of Malaysia’s total population, currently
To store Ether and Ethereum-based tokens, you need software or hardware called a “wallet”. A wallet can be considered like a bank account that is used to store, receive and send money.
Ethereum software wallets are free and you can easily install them on mobile phones (Android and iOS) or PCs (Windows, Linux, and Mac). Some wallets are also web-based and can be accessed with internet browsers (such as Chrome). In contrast, hardware wallets, which are more secure, are physically available and must be purchased from reputable stores. It is necessary to take a backup copy of your wallet so that you can recover your funds if the wallet is deleted, the password is forgotten, or the device on which the wallet is installed is damaged.