You so want to purchase cryptocurrencies in Malaysia. Perhaps FOMO’s nibbling at your heels, or maybe you have watched friends flaunt their meager Bitcoin stash. The million-ringgit question is, however, how one even begins to purchase crypto here without stumbling over their own shoelaces? Positive news: there is no required cloak-and-dagger action. You might do it in your jammies; Check this out.

Starting with an exchange, Malaysians have a number of options. Luno, Tokenize, SINEGY; all of these are registered with the Securities Commission Malaysia, hence your transactions aren’t floating about the wild west. Like opening a bank account, signing up submit your IC, maybe take an embarrassing selfie, then wait for the green light.

Deeper down you will have to make deposits. Most, if not all, exchangers welcome quick bank transactions. Used for covert fees? There is a silver lining here: not all choices are biassed. Luno, for example, has clearly specified fees. Tokenize allows you see to their charge chart at any moment. Advice to the wise: never miss reading those little print sections. Some exchanges even treat your first deposit like a welcome mat—promos for your wallet.

You are free for crypto shopping once your ringgit settles into your exchange account. The fan favorites are Bitcoin and Ethereum, but there is always a regular procession of fresh coins calling for attention. Dig a little before you start a Shiba Inu bandwagon. Google in particular Look for initiatives sounding more like pyramid schemes than the next financial revolution.

Shaking about putting money into digital bits? You are not the only one. Security counts. Turn on two-factor authentication. Steer clear of “password123”. Please—the safety of your crypto depends on it. And keep in mind—leaving large amounts in your exchange wallet is similar to keeping cash beneath your mattress. Not clever. For more peace of mind, think about stowing your coins in a secret wallet.

Eyes wide, a friend once panickedly contacted at midnight: “Bro, I sent Bitcoin to the wrong address, what now?.” depressed trombone. Final transfers are crypto ones. One error and that money is in flux. Review those addresses before you send. Triple inspection, even. Nobody has ever been laughed at for being overly cautious about cryptocurrency.

Not everyone’s favorite is tax talk. Selling your bitcoin does not subject anyone in Malaysia to capital gains tax (phew). If you trade professionally, however, things get more muddy, or your earnings start to ring warnings. Still, best not to regard tax advice from your barista as holy. Look for appropriate references or speak with someone who really knows anything.

Markets in this area never sleep. At 3 a.m., crypto prices enjoy wild rides. Let that not cause you undue worry. Ignoring the rollercoaster and making consistent buys—a small amount at a time—sometimes is the wisest course of action. You can avoid catching every high or low in this manner. They refer to “dollar cost averaging.” Sounds elegant, but it merely means distributing your purchases.

Remember: slow and steady does not only win races; if you get enthusiastic and start chasing every coin. It helps you save your lunch money as well. Look around. Speak to people. Learn from their scars; perhaps you will prevent some of yours as well.

Buying cryptocurrencies in Malaysia is not exactly rocket science. Measure your feet accurately and it’s more like buying online for shoes—with a few more passwords and less remorse. Stay keen. Lungs. There is nowhere crypto is heading. You still have time.