"These are just a few, there may be many more."
Cryptocurrencies are gaining popularity among Malaysians when most of them are found applying the digital asset as an investment or payment method.
Although it is difficult to identify the most preferred crypto by Malaysians, research can be done through the trading volume and the availability of exchanges in the country. Here is a list of the most popular cryptos among Malaysians.
Bitcoin (BTC)
BTC is the most popular crypto and loved by Malaysians as it was the first decentralized digital asset created in 2009 that has been known to many around the world.
BTC has been traded on various crypto exchangers such as Luno, Sinergy and Tokenize which have a large user base in Malaysia, where Luno allows users to buy and sell the digital asset using Malaysian Ringgit (MYR).
Ethereum (ETH)
Launched in 2015, ETH has quickly gained popularity due to its smart contract functionality that allows developers to create decentralized applications (Dapps) on the digital asset blockchain.
ETH is also traded on Luno and other exchanges such as Tokenize and Sinergy that offer trading services to Malaysians.
Ripple (XRP)
As XRP offers fast transaction speeds and low fees, the digital asset has become a popular choice for international money transfers.
XRP is also traded on Luno, Tokenize and Sinergy which offer an easy way for Malaysians to buy and sell the digital asset.
Litecoin (LTC)
LTC is a peer-to-peer crypto just like BTC but with faster transaction speeds and lower fees that is also traded on Luno, Tokenize and Sinergy.
Overall, although it is difficult to determine which crypto is preferred by Malaysians, BTC, ETH, XRP, LTC are among the most popular digital assets at the moment.
