Buy Rarible
in Malaysia

Trusted by Rarible buyers, you can buy and trade Rarible in Malaysia and 100+ countries on Blocktrade without any fees easily. 

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Rarible in Malaysia
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We offer a wide range
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to buy in Malaysia. Number increasing as we’re adding new coins and tokens regularly.

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Learn More about buying RARI in Malaysia

How to buy Rarible in Malaysia

Is RARI a good investment in Malaysia?

RARI was released to the market in August 2020 with an initial price of $0.31, and very soon, it could reach $7. Thus, it was a wonderful investment for only a few months. However, it didn’t resume that well and ended the year with a price of $2. Although it seemed that RARI token holders were facing failure, 2021 was very amazing for them because the RARI price reached its highest record of $49 in March of 2021. After this record, the RARI price faced many ups and downs until it ended the year with a value of $13. 2022 started profitably for RARI holders. At the beginning of the year, the RARI price amounted to $23 and then fell again. It couldn’t set any price record and even dropped to $1.84 by the end of the year.  

The history of the RARI token shows it was a good investment for its owners several times. However, it was stagnating and might seem uninteresting for people to buy. Furthermore, no one can tell you what may happen to this coin in the following years. But the price predictions may give you a hint about the expected future of RARI. Crypto analysts and experts expect the RARI price to go up again in the next 5 years and may become stable at $10 by 2026 and might reach $17 by 2030. Many also consider RARI a good short-term investment that would have a better profit in one year.

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What is Rarible ?

Rarible is the first cryptocurrency dedicated to NFTs, launched in 2020. The main reason for creating such a platform was to secure the digital collections that are designed with blockchain technology. Its focus is on artistic assets. NFTs (non-fungible tokens) allow artists to keep the copyright of their artworks. Rarible works as a marketplace for its users to create, sell or buy digital collections or NFTs. Users can put a preview of their works on this platform, so others check and use their Rarible tokens to purchase the full version.

More information on Rarible official website.

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Is Rarible legal to buy in Malaysia?

Yes, cryptocurrency is legal to buy, sell and trade in Malaysia. According to an issued guideline
on digital currencies by Malaysia’s central bank, Bank Negara Malaysia (BNM), has stated that
it does not ban cryptocurrency transactions and has issued guidelines for individuals and
businesses to follow when using cryptocurrencies. These guidelines are intended to help ensure
the stability of Malaysia's financial system and to protect consumers from potential risks.

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Is Rarible taxed in Malaysia

Yes and no, there is no specific tax law in Malaysia that governs the taxation of cryptocurrencies
as of 12 February of 2023. However, the Inland Revenue Board of Malaysia (IRBM) has issued
Guidelines on Tax Treatment of Digital Currency Transactions indicating that cryptocurrencies
may be subject to tax under existing laws on certain conditions. According to the mentioned
guideline above, The Malaysian Inland Revenue Board (IRBM) has stated that cryptocurrency
transactions are exempt from tax, unless they are conducted regularly or repetitively. This
means that if you engage in cryptocurrency trading on a frequent basis, you will be required to
pay taxes on your cryptocurrency earnings. For businesses involved in cryptocurrency, any
profits generated from these transactions will be subject to income tax, regardless of whether
the profits are received in cryptocurrency or fiat currency. On the other hand, according to the
above-mentioned document, since cryptocurrencies are not viewed as capital assets nor a legal
tender by Malaysian authorities, crypto transactions carried out by individual and occasional
investors are not taxed.
It is worth noting that tax laws and regulations can change over time, so we would recommend
checking with the IRBM or consulting with a tax professional for the most up-to-date information.

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After you've bought Rarible in Malaysia

The main purpose of creating the RARI token was to empower Rarible users to vote on different projects and upgrades on this platform. Therefore, after buying RARI you will have the power to make changes to the network. Creating, selling, and buying digital content or NFTs are other uses of RARI coins.

 

Furthermore, after purchasing RARI tokens you can keep them in a wallet as an investment. However, you should also know that investing in cryptocurrency is risky. We recommend you check the price history and price prediction. Read Rarible white paper and follow top crypto experts to learn more about investing in RARI. Anyhow, if you are a beginner in this world, it is better to start your investment with a moderate amount and think about an exit point for your investment so that you won’t lose much money if the predictions didn’t go well.

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Who can buy Rarible in Malaysia?

In Malaysia, there are no restrictions on who can buy cryptocurrency. The best way to purchase
cryptocurrency in Malaysia depends on individual circumstances and preferences. The most
widely used method is through a digital asset exchange platform like ours. Our platform offers a
secure and reliable option for individuals looking to buy cryptocurrency in Malaysia. Our
exchange adheres to the law and provides a variety of payment options, including credit card,
debit card, bank transfer, PayPal, Apple Pay, and Google Pay, without incurring exchange
transaction fees. On our platform, individuals have the capability to buy, sell, and trade
cryptocurrency tokens. As with any investment, it's important to thoroughly research and
understand the market before investing in cryptocurrency. It's also a good idea to consult with a
financial advisor or expert in the field to help you make informed decisions.

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Buy Rarible at your ease

Payment methods to buy Rarible in Malaysia

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Rarible

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

Several exchanges support buying RARI coins. If you want to find a trusted, easy-to-use, and cheap exchange to buy RARI, we recommend you BlockTrade. Unlike most exchanges, you don’t need to pay any processing fee on this exchange. Therefore, buying RARI will cost less than other platforms.

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
payment.

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.

Rarible is a marketplace for creating, selling, and buying NFT. Therefore, if you are an artist and would like to sell your digital art, the Rarible platform and token will be a good option for you.

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
own cryptocurrency.

Everyone can use the Rarible platform and its token (RAR). However, most of the users of this NFT marketplace are digital artists and content creators. They can use their RARI coins to create digital content, such as a book, music, or artwork. Then, they can put their NFT digital content on this platform and sell it to others.

Trusted crypto platform in Malaysia!