22th December 2017


Dear Customers,

We have some updates for the last month of the year, which was a phenominal year for Bitcoin and we take this time to thank you for the continuous support.

The updates includes new requirements for KYC from Bank Negara Malaysia and we will be announcing this soon on the extra details required and needed as a reporting institution for all bitcoin trading taking place on our exchange. We will give you an update on this soon just after New Year. As of now we will be stopping all new registration from the 23rd of December 2017 and KYC verification will take some time to be completed. We appreciate your patiences here. The exchange will run as usual.

We will not process any Deposit and Withdrawal during the holiday festive season . Support will be only available via our Facebook page MyXbit during this festive season. We are closed during this dates below and please take not that we will NOT perform any Deposit and Withdrawal during this time.

Deposit and withdrawals during the holiday festive season.
We will NOT process any deposits and withdrawals from the 23rd to the 26th of December 2017 because of the Christmas Holidays and from the 30th of Dec to the 2nd of January 2017 for the New Year Holidays

Thank you again and have a Merry Christmas and A Happy New Year

XBit Asia Team




20th January 2017


Happy CNY 2017

Dear Customers
We hope the beginning of the Year has been great for all of you . As for bitcoin, the volatility this couple of weeks has been good for trader for profit taking. We hope you have been profiting trading on our bitcoin exchange platform .
To ensure smooth and faster service/support delivered to you , we would like to highlight some key important measures that you should take as follows :
1) Please make sure when making deposit / funding your trading account , to include your registered email address in the banking payment reference field. This is crucial for faster depositing into your trading account.
2) Our Deposit timing crediting your funds into your trading account follows 3 times in a day . We will only perform the depositing of funds according to these time slot. So please plan your deposit a head of time and we do not process any deposits on Sundays and Public Holidays.
Monday to Friday
Session 1 - 11am
Session 2 - 4pm
Session 3 - 9pm
Only one Session - 12pm
Sundays and Public Holidays - No Deposit will take place.
3) Withdrawal Schedule is processed to these times below.
Monday to Friday
Session 1 - 11am
Session 2 - 4pm
Saturday and Sundays and Public Holidays withdrawal's will be processed on the next business day.
4) The Exchange Bitcoin Wallet in Xbit Asia platform is created for your trading purposes only . You may keep your bitcoins here for that purpose only and not use the wallet to perform any payment transaction . Once you have completed the trading we recommend you to withdrawal and store your bitcoins in your personal Bitcoin wallet , such as Xapo or blockchain .The reason is to secure your bitcoins just in case if there is any system breach.( Please read our terms and conditions) . We are not saying that our exchange is not secured , we do have the most current security systems and measures in place however we are trying to ask you to mitigate the risk . So always store your bitcoins in your personal bitcoin wallet.
We at XBit Asia would like to wish you all a Happy and Prosperous Gong Xi Fa Chai 2017 and may the Year of the Roster bring with it an abundance of health, wealth and happiness to us all.
NOTICE : No Deposit and Withdrawal Process from Friday the 27th to the 31st of January 2017 because of the CNY holidays.

Team @ XBit Asia Sdn Bhd

31st July 2017



As you probably know from all the news Segwit2x was activated with consensus from the majority of miners. Something very important is happening on August 1st that may have a big impact on the network. It's called BIP 148 UASF.

Right now the miners have all the power to decide which transactions are good and what new changes to support. This proposal would try and force the activation of Segwit through non mining nodes that anyone can download and run.

The idea is all nodes running BIP 148 would begin rejecting blocks from miners who do not support Segwit. This could result in a chain split and potentially two or more version of Bitcoin. Or it could be a very boring event as everyone falls in line and supports a single chain.

Here is what you need to know and prepare for...

#1. MOST IMPORTANT... During the potential fork, from July 31th, 2017 to August 2nd, 2017(expected time), please do not deposit or do withdrawals of BITCOINS in XBIT ASIA  from July 31th, 2017 due to potential technical risks such as replay attacks and other issues that may cause network instability.

#2. Make sure you have your private keys backed up. You want to move all Bitcoin out of the exchange wallets that you don't have complete control over. Some of the best solutions are Ledger Hardware wallets, a Trezor hardware wallet, a paper wallet, Copay wallet, AirBitz wallet or even wallet is a good choice. (Do not keep your Bitcoin in Coinbase wallet, or any web wallet that holds your private keys).

#3. Do not send Bitcoin or try and receive Bitcoin on August 1st until everything has been sorted and it's safe to resume transactions. Wait a couple of days before sending or receiving bitcoins. You don't want to be stuck sending Bitcoin on the wrong chain or while the transition process is happening because you could lose them.

#4. No users should deposit any Bitcoins during XBIT ASIA suspension period. Otherwise, XBIT ASIA will not be liable for any loss of values due to Hard Fork. Suspension period is from 12 noon on the 31st July 2017 to 9.00pm August the 2nd. XBIT ASIA Exchange will not have any trading, Bitcoin withdrawal during the suspension period. PLEASE TAKE NOTE!

Hope this event moves smoothly and without any hickups.... Long live Bitcoin!

XBit Asia Team



3rd Jan 2017

Dear Valued Customer,

Happy New Year 2017

We take this opportunity to wish you A Joyful and Prosperous 2017. May this coming New Year brings your abundance of wealth in trading Bitcoin with XBit Asia Sdn Bhd !

It has been a great few months for us and we would like to thank you for your continuous support in making it possible for us to reach our goal to become Malaysia's Premier Bitcoin exchange. We will continue to strive to provide the best service possible in making your trading experience with ease via our unique trading platform. There  will be some interesting updates in this coming months and security is our utmost priority @ Xbit Asia. Our merchant services will be available by Q1 of 2017 and you will be notified once this services is available.

Please take note on the updates below which will be in effect from 1st January 2017 onward: -

UPDATES FOR 2017 (Effective 3rd January 2017)

  • All Withdrawals and Deposits will NOT be processed from the 31st Dec till the 2nd of January 2017 and also during Sundays and all Public Holidays. So, please plan your deposits if you would like to trade during the holidays. For more information please click this link <Link>
  • Because of the rise in the Bitcoin price, the minimum deposit in Malaysian Ringgit will be MYR 200.00
  • Please join our FB page at to get the latest updates on operations, support and you may also PM us with your support questions here as well.
  • All Deposits are checked at 11am, 4pm and 9pm (Monday to Friday) - 12 noon (Saturday) Transfer must be made from a bank account that matches your account name. Transfers made from a bank account that does not belong to you will not be credited.
  • All withdrawal schedule is at this link <Link>, MYR withdrawals are processed according to the schedule in the link, If you submit your withdrawal request before the cutoff time, it will be released from our bank at the corresponding release time. Please allow for normal bank transfer times before expecting your funds to reflect in your bank account. This typically takes one to two days. For more information regarding interbank transfer times, please consult your bank.

Once again , wishing you a very Happy New Year, full of Health, Wealth and Peace !

Team @ XBit Asia Sdn Bhd

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