According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- No
- Webterminal
- Deposits and withdrawals in Malaysian ringgits
- pairs with only two cryptocurrencies
- low trading fees for takers
- 0.25% income per trade for makers
Our Evaluation of Sinegy
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Sinegy is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Sinegy clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Sinegy is a small Malaysian cryptocurrency exchange with limited functionality. It may not appeal to traders seeking a highly diversified portfolio. However, for those focused on Bitcoin and Ethereum, the exchange offers attractive features. These include low maker fees and the ability to start trading with any fiat currency deposit.
Brief Look at Sinegy
Sinegy is a cryptocurrency exchange providing access to trading BTC and ETH against the Malaysian ringgit (MYR) on its proprietary web platform, Marketplace. A mobile app is currently unavailable. Makers enjoy a 0.25% fee, while takers incur a 0.5% fee on trade amounts. Deposits via bank transfer or crypto wallet are free, but withdrawals are subject to minor bank or blockchain charges.
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- The registration and verification process is simple, clear, and quick. There is a large FAQs section on the website.
- There are no minimum deposit requirements for MYR.
- High liquidity. Assets are exchanged in seconds.
- The fees are favorable for takers, and makers even get paid for trading.
- Client support can be contacted via live chat, email, and tickets.
- There are additional features for corporate account holders.
- The exchange is officially registered and regulated, ensuring the protection of client funds and personal information.
- The only available cryptos are BTC and ETH and they can only be traded against the Malaysian ringgit.
- There is no mobile app or information about its upcoming launch.
- There are no passive earning methods, not even a referral program.
TU Expert Advice
Author, Financial Expert at Traders Union
Sinegy is a cryptocurrency exchange that offers trading Bitcoin and Ethereum against the Malaysian ringgit on its web platform. It supports quick transactions with high liquidity and does not require a minimum deposit for Malaysian ringgits. The platform features low trading fees for takers, while makers earn a 0.25% income from trades. Sinegy is officially registered and regulated by local authorities, providing client funds protection, and offers client support via live chat, email, and tickets.
However, Sinegy only supports two cryptocurrencies and lacks a mobile app, reducing flexibility for users on the go. The absence of passive income options and limited payment methods may be a disadvantage for some traders. Sinegy's offerings may suit Malaysian traders seeking focused trading on Bitcoin and Ethereum, but those requiring a wider asset selection or mobile access may look elsewhere.
Sinegy Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Marketplace |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | MYR |
| 💵 Deposit / Withdrawal: | Bank transfers and cryptocurrency wallets |
| 🚀 Minimum deposit: |
No requirements for MYR; 0.000001 BTC or ETH |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No information |
| 💱 Commission: | Spot: 0,25%-0,5% |
| 🔧 Instruments: | 2 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No information |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Order execution: | No information |
| ⭐ Trading features: |
Deposits and withdrawals in Malaysian ringgits; pairs with only two cryptocurrencies; low trading fees for takers; 0.25% income per trade for makers |
| 🎁 Contests and bonuses: | Rebates from Traders Union |
While the trader can add any amount in Malaysian ringgits, there is a minimum requirement of 0.000001 units for BTC and ETH deposits. Leverage is not provided, which is a standard practice for crypto exchanges. Tech support can be approached via email, online chat, or ticket system. The support service operates from 9am till 6pm on weekdays, giving detailed and competent answers.
Sinegy Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, Sinegy demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Government-regulated
- 2FA
- No successful hacks history
- Cold wallet storage
- Not U.S regulated
- No facial recognition
- Not tier-1 regulated
Sinegy Security Factors
We also compared Sinegy against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Sinegy | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Sinegy a regulated crypto exchange?
Sinegy is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Sinegy is authorized or licensed in accordance with local regulations in the following regions: Malaysia.
Is verification (KYC) mandatory at Sinegy?
Yes, KYC verification is mandatory at Sinegy. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Sinegy available?
Sinegy complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Sinegy support.
Is Sinegy available in the USA?
Yes, Sinegy is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Sinegy commissions and fees
Sinegy received a 5.2/10 score for its trading fees. While Sinegy is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are Sinegy trading fees?
We analyzed Sinegy’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Sinegy trading fees vs competitors
| Sinegy | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,25 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,5 | 0,22 | 0 | 0.194 |
What are Sinegy deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | RM 0,10 |
Does Sinegy offer P2P trading?
No, Sinegy does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Sinegy received a 4/10 rating for its deposit and withdrawal services. Sinegy offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No PayPal option
- No P2P transfer option
Deposit and withdrawal options
Sinegy supports the following deposit and withdrawal options: Bank transfers, Crypto.
Sinegy Deposit and withdrawal options vs competitors
| Sinegy | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Sinegy minimum deposit?
The minimum deposit at Sinegy is 0 USD/USDT or 0,000001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Sinegy minimum deposit vs competitors
| Sinegy | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0,000001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Sinegy support fiat money?
Sinegy does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Sinegy received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Sinegy covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Crypto futures not available
- Copy trading not available
Sinegy supported coins and markets vs competitors
We compared Sinegy with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Sinegy | OKX | Kraken | |
| Supported coins | 2 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Sinegy passive income options vs competitors
We also compared Sinegy with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Registration address | No. 233 Jalan Burma, 10050 Georgetown, Pulau Pinang |
|---|---|
| Official site | https://sinegy.com/ |
| Contacts |
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