Note! Your Dogecoin will be in your wallet between a few minutes and a few hours. We do our best to deliver your DOGE to you as quickly as possible, but there sometimes can be delays due to one of the following factors:
- Overloaded blockchain
- Dogecoin updates
- DDoS attack
That’s it – your DOGE should be in your wallet shortly!
Reasons to Buy Dogecoin Doge in Malaysia
Wondering whether it's a good choice to buy Dogecoin in Malaysia? There are several reasons why it could be a good investment:
- Drastic price improvement: Dogecoin's price slightly improved in the last decade. But in early 2021, there was a significant upturn that heavily favoured long-term holders.
- A potential winner of the crypto dog fight: Dogecoin is currently locked into a dominance fight with Shiba Inu, a meme coin launched in 2020 to beat the coin.
- Resilient project: While many others have failed, Dogecoin has proven to be a resilient project that has survived and remained fairly popular since 2013.
- Strong user base: There's a strong community and user base around Dogecoin. It has rallied around charities and even offered donations.
Where can you buy Dogecoin in Malaysia?
Questioning how to buy Dogecoin from Malaysia? There are various alternatives to purchasing Dogecoin.
One way is to use an over-the-counter exchange such as opening a Coinbase, Gemini, BitMart, or Binance account. When evaluating potential platforms, check if they are non-custodial and take note of their fees. Some crypto exchanges are based in Malaysia and others operate internationally.
Another alternative is to use a P2P marketplace. It involves interacting with individual sellers. The advantage of this route is that sellers may support local payment methods.
Crypto broker platforms may also help facilitate the purchase. As for our case, we partner with fiat to crypto platforms to bring buyers exclusive deals and a convenient way to compare rates offered across platforms.
Is Dogecoin cryptocurrency legal in Malaysia?
Dogecoin DOGE is legal to buy, sell, and trade in Malaysia. In fact, cryptos are regulated by the Securities Commission as the law treats crypto assets as securities.
That said, Dogecoin is not regarded as legal tender. Only the notes and coins issued by the BNM fit the description of legal tender to make payments for goods. But that has not stopped Malaysian businesses and individuals from accepting Dogecoin and other cryptos as payment for goods and services.
What is the cheapest way to buy DOGE in Malaysia?
Searching the web for Dogecoin buy Malaysia reveals multiple platforms, each claiming to offer the lowest fees and best deals. The only way to be assured of the best deal is to shop around and compare the rates offered by different platforms.
When discovering platforms, take time to research their reputation and reviews. Be on the lookout for the actual price. Some platforms may display the live Dogecoin price exclusive of the fees charged by the platform. After initiating the purchase, buyers may be caught unawares.
Changelly endeavours to find the best rate for customers. It shows the different quotes from partner sites and also highlights the best deal and purchase amount.
Can you buy Dogecoin internationally?
Can I buy Dogecoin in Malaysia from an international platform? The answer is a resounding yes.
The only requirement is to have a payment method supported by the platform selling the crypto assets. Most allow clients to use credit or debit cards.
How can I sell my Dogecoin in Malaysia?
Different avenues exist to sell Doge in return for fiat currencies, such as the US dollar or the Malaysian ringgit. Some crypto exchanges may offer a selling feature. But because Dogecoin is not as favoured as cryptocurrencies such as Bitcoin, a trading platform may not offer direct conversions. But don’t worry. Instantly exchange Doge to popular altcoins on Changelly. We also support crypto-to-fiat conversions through our sell page, powered by Mercuryo.
Remember: If Dogecoin is not directly supported, first, convert it and then complete the sale.
Can I buy Dogecoin without KYC on cryptocurrency exchanges?
Cryptocurrency exchanges, on-ramp services, and brokers enforce Know Your Customer rules. Still, a platform may not require all users to pass the KYC. It may be triggered after a transaction exceeds a certain amount. This step may be also required for accounts that display any suspicious activity.
For Changelly, it's customary for users to undergo the KYC process. They need to submit a photo ID and undergo selfie verification. As long as they have everything in order, there will be no restrictions on how much they can buy or trade on trading platforms.
What are the taxes to buy DOGE in Malaysia?
No taxes are incurred when purchasing DOGE in Malaysia. When it comes to disposing of crypto assets, individuals in countries such as the UK, US, and Canada need to pay income or capital gains tax. But Malaysia doesn’t have capital gains tax except for real property gains.
But, there's a caveat: Businesses that derive their income from mining and selling Dogecoin may be liable to pay tax. Similarly, if someone is deemed an active trader, they may have to pay tax as well.
The Inland Revenue Board (IRB) has yet to clarify tax rules concerning the crypto world. But experts advise persons regularly trading Dogecoin to seek guidance from the IRB tax advisers.
How long does a Dogecoin transaction take?
Dogecoin transactions are relatively fast, only requiring a few minutes to be verified and completed on the network. But they could take longer depending on the selected crypto exchange or on-ramp seller.
On Changelly, buyers receive crypto coins in their wallets about 5 to 30 minutes after they purchase Dogecoin. Note that transactions may take longer due to network delays and congestion.
If the transaction seems to be taking longer than expected, buyers can reach out to our 24/7 customer support team for inquiries.
Can I buy Dogecoin in Malaysia with PayPal?
Buying DOGE with PayPal may be a little difficult at the moment. That stems from the limited number of exchanges that support this payment method. Changelly and its partners don't include support for PayPal payments. But, we offer many suitable alternatives to buying Dogecoin DOGE on our platform. Conclude the purchase using bank account transfer, credit card, debit card, or Apple Pay without having to deposit money.
Can I buy Dogecoin in Malaysia with a credit or debit card?
Locals can buy Dogecoin in Malaysia with a credit or debit card with no restrictions on the best trading platform. The process is quite convenient, with buyers only required to complete the KYC step on our partner site once. As our platform is non-custodial, users receive the digital assets in their preferred wallets.