Looks like can sign up already, but no details on launch.

Exchange only have USDT/USD, no MYR pair.

https://hata.io/

App also available in app store

This post has been edited by Natsukashii: May 11 2024, 12:34 PM

Honestly I'll just stick to Binance / Coinbase / Luno

These new exchanges don't have liquidity and can escape with your money anytime

regulated by SC and Labuan FSA?

Regulated by SC also can escape with our money?

FTX was also licensed and regulated by Singapore Temasek

If the authorities don't use multisig with these exchanges, regulation is just a piece of paper for tax

1 angry employee can transfer everything out and what can anybody do ?

Yes, this is what I thought so.

You look at the About Us, all co-founders seem are Malaysian?

I don't trust Labuan FSA.

How to check if they are really regulated by SC?

It is weird that SC would allow USD/USDt pair?

whooaa... supports USDT trades

their fiat currency is USD. U try liao you also hardly to bring back to Malaysia. Your bank will query you too.

I don't think Hata has a MYR (fiat ringgit) wallet for USDT trading.

BNM and SC won't allow it.

If so, a lot of Malaysians will park their ever-weakening ringgit there to hedge against inflation and ringgit weakness, making the ringgit even weaker.

Regulated exchanges like Luno, Sinegy, MX Global and Tokenize all don't support USD stablecoins like USDT and USDC.

There is no MYR/USDT pair..

But if we access what they have for now, it's USDT/USD

I actually haven't activate an account

Depending on their exchange rate, maybe we can transfer USDT to them, and then convert to MYR

They might limit USDT wallet, like how you said does seems it's the case. Like you know wise card, we can hold USD in it, but in Malaysia, the limit is so low.. only RM20k total balance on the entire account. So similar thing might be in play with USDT.

All these limits, and still MYR drowning lol. Apa kejadah ntah.

Anyway, the launch is not official yet it seems, so maybe they'll remove it and only have what other minor exchanges offers in Malaysia

Coinbase support Malaysia users and support deposit/withdraw of usdc to usd?

Last I checked, we aren't supported so all mainly getting scalped kao2 by binance p2p where the usdt rate is much higher than it is if you just convert myr to fiat USD. P2p usdt rate is 4.78 while fiat USD is 4.73.

LOL dont give wrong information, FTX was not licensed and regulated by Singapore Temasek.

Temasek is just an investor of FTX.

I've tried out the platform recently and here's my comments on its pros and cons so far.

Pros:
1. Fees are considered cheap for a regulated platform - (Bank transfer for MYR deposit is free, USD deposit is free, instant buy/sell with MYR is 1% compared to Luno's 2%, maker fee on exchange is 0% for every tier - based on their fee page) Can save alot on fees if you know your stuff and play your cards right.
2. Got 2 accounts on the platform itself (Malaysia and Global) - can easily transfer crypto to my own account for free and sell it for MYR or USDT. MYR can be used to buy 11 different cryptocurrencies while USDT can be used to buy 30+ types of cryptocurrencies...
3. Both website and app feels lightweight and smooth when navigating.

Cons:
1. Seems like they are still in beta mode. Website and app is still very barebone-ish. Bugs here and there (expected for a beta app).
2. No orders on exchange means no liquidity. Wouldn't start trading heavily on it until they pour in money and have more people come flooding in first. Also not many pairs on its USD exchange (Only USDT/USD and TKX/USD). Would be amazing if they can add all their 30+ pairs on it.
3. Can only use USD to buy USDT, not other cryptocurrencies. Then again, this is probably because of BNM not allowing it as someone has already mentioned above.

So far, my experience has been positive but its still too early to tell. Probably the SC is governing the MYR side while Labuan on the USD/USDT side. Got potential la but see if they will maintain all the low fees, introduce more cryptocurrency pairs and features in the future.

Yea their CEO is Ex-GM for APAC in Luno. Probably experienced enough and won't rug us ba LOL

How did you deposit USD?

I bank transferred using Wise. Have to manually perform a bank transfer and submit a proof of deposit for USD deposits.

1. You used swift?

2. Did you convert to USD first or you converted when you do the transfer?

Wow better than Luno. Can support USDT.

Hello all.
I do have one question on the HATA Deposit, as the APP currently does not support direct SPX yet, it requires us to perform Bank Transfer, then upload the transfer slip.

My question is, the APP states that Deposit USD, when I am performing the transfer, it will be in MYR, does that mean that HATA will automatically convert the currency?

OR, when I am doing the transfer, I need to do it in terms of USD? This is where I am not sure how to do it.

Thank you.

latest update MYR exchange is live.

no volume one

Exchange rate still sux vs Luno.. Gonna need few years for them to build liquidity

They send out welcome email which exposed those who were in the waiting list

Bad mistake, especially for a company that is in technology sector who just started

Anyway, will still try them, see how service.. I don't own much crypto anyway

Just wanna transfer USDT and buy memes lol

Will stick to Bybit, Binance and Luno.

few years? would they still be around after a few years?

Looks like their BTC rate is sometime better than Luno.. Tonight it's 5% higher

No volume or low volume. At the time it executes, market has moved.

I'd take the 1% charge and instant buy/sell..

Why most of the exchanges (other than Luno) have no volume one?

does HATA allow to withdraw USD into USD currency account through SWIFT/Wire?

my review of hata, because luno spread is so shit. imagine selling sol at rm990 lol. I just sign up now and sold 10 sol. they quote it rm1051 minus 1% fee so I received rm1041. I use instant quote because their exchange had no bids though. Sold just now and withdraw rm10k. to my suprise - instant receive to my bank unlike luno where you have to wait whole day

I'll also share something about hata. It could be minor for some but might be a good warning to some.

I went to an event and hata promoted to register with their affiliate code and they would award some btc.

After awhile of not receiving any bonus, I had contacted them and informed about the delay. They told me that I had inserted the wrong code.
So I told them just help me to change or whatnot, not like I had done anything to the account yet. They told me they cant help. Just said since I put wrong code so Im not entitled to bonus.

For such a simple and common mistake, they couldnt or even want to do anything about it. Gave me a serious doubt in the future if more complicated matters happened how are them going to assist? Probably again your fault, nothing we can do.

how to get code to get bonus?

It was only for their promo event at that time.. Said Register with this affiliate link within 2 days and will give some btc (probably 0.00001).

Is your 10 SOL deposit from luno? since luno spread is 2% and hata is 1%. and the only restriction with hata is Rm250k daily. Did hata ask info about where your fund from etc etc?

because there's no market maker, api is best on luno for now, market maker bot usually run on luno.
and arbitrage is not very profitable due to super high exchange fee & withdrawal fee, thats what causing the big spread between exchanges.

Nope, hata dont ask anything. I transferred from my private wallet. I think prices are similar on both exchanges during us market hours. Otherwise on weekend just use hata, can withdraw instantly. Rm250k is daily limit bro, luno limit is rm300k monthly right? To be safe just withdraw max rm20k per batch

And look at luno quote right now. Rm20 less than hata on sol

Guys, can I transfer my Bitcoin from Luno to Hata & cash out to my bank account?

Can, why not but please beware the withdrawal fees for BTC-

IF you really wanna cash out- i suggest you sell BTC and buy XRP-

Then transfer XRP TO HATA- coz xrp fees is very very cheaper than transfer BTC

Thanks this is a good suggestion. I wonder why Bitcoin fees are so high compared to other coins. On luno selling fees need to minus around 3.16%, which is very high.

Syok Your Mom i sincerely don't know if you are trolling or you really don't know how to read. i already showed you that Luno is only 0.6% if you use Luno Exchange. If you use luno wallet, you deserve to pay that 2% fees

Trolling ? I've been buying & selling at Luno for years. I know exactly how much selling fees Luno charge me every time I sell my coins there.

Anybody know how to make HATA accepts USDT? I know it requires HATA Global, but how do I open HATA Global account using my HATA Malaysia account?

Just switch to global. It's in the setting or something.

Guys, is Hata Bitcoin price higher or same with Luno. Is it possible to send to Hata from Luno & cash out to bank account?

Always good practise to send to personal wallet.. then from personal wallet goes other place/exchange...

dont send exchange to exchange.

as the wallet is not technically yours...

Bro, if send only small amount , bits by bits , should not be a issues right

there is no such thing as abit abit...
everything is captured on blockchain...

i cant comment much if you want to do that nor dunno
whether you will get into trouble or not...

Ok bro. Thanks for the advice. I will try find other ways. Thanks for the quick replies

i m new to this, personal wallet as in the wallet available in the exchange?

Personal wallet means you would have the 12 or 24 word seed phrase given to you when you create the wallet.

i mean what's the purpose of the wallet? basically all the deposit fund / fund from closed trade will go to the wallet right?

when we say exchange to exchange, it is exchange to exchange direct transfer?

if it is from wallet, then how it works?

instant buy and sell is not really 1%. i try just now is almost 3% fee just instant sell.

If I transfer USDT to HATA Global, and sell my USDT there, is it possible to transfer the USD amount back to HATA Malaysia?

Cannot, because Hata Malaysia does not support USD.

Maybe in future.

Hi guys,

Need your experience sharing.

Did you withdraw large sum continuously from Luno Malaysia / Hata Digital to your Malaysia Bank Account?

Did your bank ask you anything or hold your money?

Luno Malaysia and Hata Digital are both SC regulated, so far I only transfer small sum, but i plan to withdraw large sum like RM 250K each week, i need your experience sharing and advice.

If withdraw small sum like RM 25K each time will take a fairly long time to do so.

Could you possibly share some experience with me please.

Many thanks in advance.

Hello all,
I wanted to deposit funds in HATA however find out that there is no FPX transfer feature in the app. Instead in the deposit section I am shown the Bank Account Information of HATA, and a place to put my Proof of Transfer.

I would like to ask, if the below process correct:
1. Make bank transfer to HATA account (like any other fund transfer)
2. Save the PDF transfer slip
3. Upload on the HATA app
4. Then the deposit will be made

Another thing that confuses me is the [USD Deposit], the fund transfer is done with the currency of MYR, is there any additional steps? Or HATA app will just be converting the amount of MYR into USD term?

Thank you.

A Malaysian regulated crypto exchange like Hata should already have instant MYR bank deposit (online FPX) like Luno.

Imagine you want to buy an asset from the exchange and the market price has increased substantially from your target price because you need to wait two days for your bank deposit to clear and manually credited into your Hata MYR account.

I experienced this type of delay in Luno before they implemented online FPX for instant MYR deposits.

you must be using hata global not malaysia...

Thank you for your kind response, yes you are correct, I have enabled the Malaysia platform and it now works.

Strange.

There is only one HATA website for Global and Malaysia.

Am I missing something?

BTW, I am a Luno user.

I may want to open a HATA account for diversification.

I suppose eKYC is mandatory, just like Luno.

Seems like Hata maker fee is 0%? Anyone can PM me referral code?

--update--

thanks i got the referral

This post has been edited by Medufsaid: Dec 18 2024, 08:48 AM

in the apps there are 2 platform you can change within global and malaysia...
global currency is in USD...




anyway i plan to use DCA function in HATA but dunno how much the price they quote for DCA. for sure there will be mark up than market price right? anyone have experience can share here?

Once you get into hata.. there will be two platform.

1. Malaysia
2. Global

You can switch between them.

I see....thanks!

Even tho the maker trading fees is free but the Liquidity is on the lower side 😅 very hard to get maker fees filled.

Exactly. He must be a Dato Seri Whale. Normal phlebs banks account daily withdrawal limit only RM50k didn't hear people complain oso.

Btw, anyone manage to withdraw USD from Hata global after depositing USDT? There is no malaysian bank option for mine.

This post has been edited by KGear: Dec 19 2024, 12:53 PM

Yes eKYC is mandatory.
Having enabled HATA Malaysia (on the same platform/APP), can do FPX in MYR.

That is good news indeed!

And I learned that Global and Malaysia platforms have different coin offerings, the Global Platforms coin offerings are more interesting and exciting, so I still need to figure out the USD top-up

Luno needs more competition from Hata & others

Seema like Hata Global is using RHB to receive USD funds. What if we just open RHB multi currency account and convert RM to USD? It'll be considered an intra-bank transfer after all.

Someone should ask RHB about this

good news, i talked to Hata support. you can send cryptos from Hata Malaysia to Hata Global & back! just sent BTC from hata malaysia to hata global. no fees!

This post has been edited by Medufsaid: Jan 20 2025, 04:20 PM

I have not activated Hata Global platform yet

colmi activate now and get free coins https://explore.hata.io/bid-airdrop-campaign

Thanks for the tip!

aiyoo.....i long time activate oledi......seen like not entitle liao

ironman16 still got rewards for buying. transfer your existing crypto from Hata M'sia to Hata Global FOC, then buy any cryptos u want

How It Works:

• Tier 1: Spend $50 → Earn 50 BID Coins (only the first $50 transaction counts)
• Tier 2: Spend $200 → Earn 200 BID Coins (only the first $200 transaction counts)

thanks

The point is, should we even be bothered looking at the current BID price.

colmi different $BID

Sorry!

Which exchange is better? Luno or Hata? Luno charges bloody expensive

CrossFirE u can bank in to Hata Malaysia (don't use FPX as it costs money), buy any coins in Hata MY exchange, and send to Hata Global.

currently buying any coins in Hata global via Instant Buy/Sell is 0% promo fee. so once u transferred from Hata Malaysia to Hata Global, can sell to USDT and buy any coins u want

This post has been edited by Medufsaid: Jan 20 2025, 11:27 PM

Hata advertisement keeps appearing in my Facebook page so I downloaded it. Not fully registration yet. Will try out this weekend if it's good or not.

remember get code from somebody to register.....dun kasi Hata a chance to earn

Dayum, you're right lol

I bought a little bitcoin in Hata Malaysia but how to sell that in USDT in Hata Global?

CrossFirE make sure you already activated Hata Global. Hata Global currently instant buy/sell 0% fees so can just use that. don't use Hata Global exchange yet as liquidity very low

This post has been edited by Medufsaid: Jan 21 2025, 10:56 PM

Both Hata and Luno have very bright themes on their app and their website.

My eyes hurt after sometime.

They should have a dark mode toggle.

HATA can straight away convert stablecoin to MYR fiat and withdraw to bank? usually BNM dont allow this which is why need to jump through many hoops for simple transactions.

USDT > Hata Global USDT > buy XRP/XLM > send to Hata Msia > sell > MYR > cash out

LTC cheaper send fee

seems like if u want to instant sell your XRP, it has to be multiple XRP or more. just take note

for instance, in Luno, if i want to sell my XRP (say I have 420.69 XRP), i can

1. sell 420 via exchange,
2. sell 0.69 directly to luno (you can only trade round number XRP in exchange)

you have to adjust accordingly in Hata