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In our series of articles on how to buy bitcoin in Asia, we will first take a look at how to buy bitcoin in Malaysia. Malaysia and there was large friction in getting hold of this cryptocurrency. Thankfully with the opening of a couple new exchanges in 2014, the process is now much easier. Remitano is a peer-to-peer Bitcoin marketplace where users can buy or sell bitcoin with each others.
Remitano is incorporated in Seychelles and is operational in the United States, Australia, Malaysia, Nigeria, Vietnam, Cambodia and China. Remitano provides an added level of protection by acting as an escrow for each trade. Localbitcoins is not an exchange but a marketplace where buyers and sellers can meet online or in person to trade bitcoin. Its importance as a place to buy bitcoin should not be misplaced.