Mission 1 · Understand
What is Hata, and is it safe?
Hata is an SC-registered crypto exchange. What Hata does, how Hata makes money, what can go wrong, and when Hata is not right for you.
Quick answer
- Hata is a Malaysian crypto exchange registered with the Securities Commission. You buy and sell crypto in ringgit.
- Hata is not a bank. There is no PIDM protection, and crypto prices can fall by more than half.
- Being SC-registered means Hata is legal and supervised. It does not mean you cannot lose money.
What you need
- 5 minutes to read
- An open mind about risk
Hata in one paragraph
Hata is a crypto exchange run by Hata Digital Sdn Bhd, Bukit Damansara, KLCompany: Hata Digital Sdn Bhd, Bukit Damansara, KL. You put in ringgit from your own bank account and buy crypto in MYR. When you want out, you sell back into ringgit and withdraw to your bank. Besides buying and selling, Hata has Auto-Invest (automatic buying on a schedule), SOL staking (locking up SOL to earn rewards), and the option to send or receive crypto from other wallets.
Hata has 89 coins, all in MYR pairsCoins on Hata Malaysia: 89 coins, all in MYR pairs. All of them can be bought with Instant Buy (buying straight at the price Hata quotes), but only some of them have Spot (an order market where you set your own price).
Registered with the SC: what it means
Hata is a Digital Asset Exchange (DAX) registered with the Securities CommissionStatus in Malaysia: Digital Asset Exchange (DAX) registered with the Securities Commission. In Malaysia right now there are 5 exchangesNumber of SC-registered crypto exchanges: 5 exchanges registered: Hata, Luno, MX Global, SINEGY DAX, Kinetic DAXSC-registered exchanges: Hata, Luno, MX Global, SINEGY DAX, Kinetic DAX. Other exchanges that serve Malaysians without SC registration have no protection under Malaysian law.
That is why Daus only uses registered exchanges. When an overseas exchange is shut down or ordered to stop, the people who kept their money there are the ones who suffer. Daus talks about this in the video below.
Hata is not a bank
This is the most important thing to understand before you register:
- No PIDM. PIDM only protects bank deposits. Crypto is not protected.
- No fixed returns. Crypto is not a fixed deposit. Its value goes up and down every second.
- Prices can fall hard. Bitcoin has fallen by half within a few months before, and small coins fall even harder.
The official Hata pages Daus checked do not publish details on cold storage or insurance, so Daus does not want to guess about that. The safest approach is to put in only money you can bear to watch fall by half, and not to keep more on the exchange than you need.
How Hata makes money
Hata charges a fee every time you buy or sell. There are three kinds you will come across:
- Instant Buy and Instant Sell: 1% (shown on the quote)Instant Buy / Instant Sell fee: 1% (shown on the quote). The easiest option, but the most expensive.
- Spot: maker 0%Spot maker fee: 0%, taker 0.40%Spot taker fee (lowest tier): 0.40% at the lowest tier. Cheaper, but you need to understand how orders work.
- SOL staking: Hata takes a share of the rewards as a service fee.
All the fees in one place are in the fees tutorial.
Hata Malaysia and Hata Global
Hata has two platforms. You register on Hata Malaysia, where every pair is in MYR, and as for stablecoins, there are none (USDT and USDC are only on Hata Global)Stablecoins on Hata Malaysia: none (USDT and USDC are only on Hata Global). Hata Global is a separate platform under the Labuan FSA for USD and USDT. Most people do not need Hata Global at all. The full difference is explained in Hata Malaysia vs Hata Global.
What can go wrong
Daus lists them upfront so you are not caught off guard:
- Prices fall. This is the biggest risk, and nobody can stop it.
- Your own mistakes. Sending crypto on the wrong network, or depositing from someone else’s bank account. All of these are in the 12 most expensive mistakes.
- Getting scammed. Someone claiming to be “Hata support” calls or DMs you. Hata has no phone support at all.
- Forgetting the code. The affiliate code can only be entered at sign-up or within 30 days after that.
When Hata is not right for you
Honestly, Hata is not for everyone:
- You need this money within a few months. Crypto is not the place for your emergency fund.
- You want fixed returns. Go for ASB, a fixed deposit or a savings account instead.
- You want USDT on a Malaysian platform. Hata Malaysia has no stablecoins.
- You want leverage or futures. Hata does not have them, and SC-registered exchanges do not offer them anyway.
If you still want to try, start small. Auto-Invest starts from RM30 per coinAuto-Invest minimum (from MYR wallet): RM30 per coin, and the small capital tutorial explains how to start without risking much.
Common questions on this topic
What is Hata?
Hata is a Malaysian crypto exchange run by Hata Digital Sdn Bhd. You deposit ringgit from your own bank, buy crypto in MYR, and can sell and withdraw ringgit back to your bank. Hata is not a bank and not a savings scheme.
Source: Securities Commission ↗ · Hata Help Centre #607827 ↗
Is Hata licensed, or is it a scam?
Hata Digital Sdn Bhd is on the Securities Commission's list of registered Digital Asset Exchanges (DAX). That means it is legally allowed to serve Malaysians. Being registered does not mean you cannot lose money: crypto prices can still fall.
Source: Securities Commission ↗
Which other exchanges are registered in Malaysia?
The SC list (updated 20 Jul 2026) has 5 names: Hata, Luno, MX Global, SINEGY DAX and Kinetic DAX. Other exchanges serving Malaysians without SC registration have no Malaysian legal protection. Check the list yourself before using any platform.
Source: Securities Commission ↗
Is Hata a bank? Is it covered by PIDM?
It is not a bank, and there is no PIDM cover. PIDM protects bank deposits, not crypto. If crypto prices fall, nobody reimburses you.
Source: Hata Help Centre #607827 ↗
If Hata shuts down, what happens to my money?
The official Hata pages Daus checked do not publish cold-storage or insurance details, so Daus won't guess. What is certain: Hata is registered with the SC and bound by the SC's framework for exchanges. If you are worried, keep no more than you can afford to lose, and withdraw to your bank when you are not using it.
Source: Securities Commission ↗
Can I use Binance, Bybit or Bitget?
None of them is on the SC's list of registered exchanges. The SC ordered Bybit to stop operating in Malaysia in December 2024. Daus no longer uses or promotes unregistered platforms.
No Hata yet? Sign up with code AF01JCMFAA
Sign up with code AF01JCMFAA (at sign-up, or within 30 days under Profile → Rewards). 10% of every trading fee you pay comes back to your wallet monthly. Not free money: a lifetime fee rebate.
Daus is a Hata affiliate and earns a commission when you sign up with this code or link and trade. It costs you nothing extra; your 10% rebate comes from Hata under their T&C. Daus is not a Hata employee or official representative. Not financial advice.
Risk: Crypto prices can fall more than 50%. Daus is currently at a loss too. Rewards and rebates are not guaranteed. Not financial advice.