[Exchanges](https://revain.org/exchanges/) › SINEGY

# SINEGY: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: Sinegy Dax Sdn. Bhd. (202101024496 [1424796-U])
- **Fees**: Spot maker: 0% on all MYR pairs
- **Risks and caveats**: Custodial exchange: SINEGY keeps full control of the private keys for user accounts.
- **Checked**: 31 October 2026

## Key facts

- **Type**: Centralized exchange
- **Operator**: SINEGY DAX Sdn. Bhd. (1424796-U), Recognized Market Operator registered with the Securities Commission Malaysia
- **Official site**: [exchange.sinegy.com](https://exchange.sinegy.com/)

Key facts checked on 31 October 2026 against official sources and regulator registers.

## What is SINEGY

SINEGY is a centralised digital asset exchange in Malaysia for trading crypto against the Malaysian ringgit (MYR). It is operated by SINEGY DAX Sdn. Bhd., which the Securities Commission Malaysia lists as a registered Recognized Market Operator for digital asset exchanges.

## Good to know

- The SC's 4 June 2019 registration named SINEGY Technologies (M) Sdn Bhd; today's operator is SINEGY DAX Sdn. Bhd., a wholly owned subsidiary of SINEGY Technologies (M) Sdn. Bhd. [↗](https://exchange.sinegy.com/terms-of-service)
- Only five crypto assets are listed for trading, all against MYR: BTC, ETH, SOL, XRP and ADA. [↗](https://exchange.sinegy.com/)
- Losses on digital assets are not covered by PIDM deposit insurance or the Capital Market Compensation Fund. [↗](https://exchange.sinegy.com/terms-of-service)
- Users do not hold their own keys: SINEGY keeps full ownership and control of the private keys for user accounts. [↗](https://exchange.sinegy.com/terms-of-service)
- MYR deposits must come from a bank account in the user's own name that matches the verified SINEGY account. [↗](https://exchange.sinegy.com/terms-of-service)

## Services

| Parameter | Details |
|---|---|
| Spot trading | BTC, ETH, SOL, XRP and ADA against MYR |
| Fiat deposits | MYR deposits by FPX or bank transfer |
| Custody / wallet | Custodial; part of user assets in multi-signature cold storage co-maintained by a registered trustee |
| Mobile app | iOS and Android app |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Malaysia | SINEGY DAX Sdn Bhd | Registered Recognized Market Operator - Digital Asset Exchange (SC list updated 20 July 2026) | [Securities Commission Malaysia (SC)](https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges) |
| Malaysia | SINEGY Technologies (M) Sdn Bhd | Registered as one of the first three DAX operators on 4 June 2019 | [Securities Commission Malaysia (SC)](https://www.sc.com.my/resources/media/media-release/sc-registers-three-digital-asset-exchanges) |

## Security and audits

- SINEGY says user digital assets and MYR funds are held by a regulated trustee.
- Part of user digital assets is kept in multi-signature cold storage co-maintained by a registered trustee, with keys in a vault.

## Security incidents

No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): [defillama.com/hacks](https://defillama.com/hacks), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [exchange.sinegy.com](https://exchange.sinegy.com/), [sinegyexchange.zendesk.com/hc/en-us](https://sinegyexchange.zendesk.com/hc/en-us), [sc.com.my/regulation/guidelines/recognizedmarket](https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges)

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0% on all MYR pairs |
| Spot taker | 0.25% on all MYR pairs |
| Deposits | FPX transfer fee RM2.50 |

## Who can use it

- Verification: Identity verification (KYC) is required; limits depend on the verification level. Users must be at least 18.
- Not available to nationals or residents of Iran, North Korea, Cuba, Sudan or other countries under US embargoes, UN sanctions or HM Treasury sanctions, or to sanctioned persons.

## History

| Date | Event |
|---|---|
| 4 June 2019 | The Securities Commission Malaysia registered SINEGY Technologies (M) Sdn Bhd as one of three Recognized Market Operators for digital asset exchanges, with up to nine months to comply fully. |
| — | SINEGY was established in George Town, Penang. |
| — | SINEGY obtained full approval as a Digital Asset Exchange (DAX) operator. |
| — | SINEGY partnered with the brokerage UOB Kay Hian. |

## Risks and caveats

- Custodial exchange: SINEGY keeps full control of the private keys for user accounts.
- Digital asset losses are not covered by PIDM or the Capital Market Compensation Fund.
- SINEGY disclaims liability for losses from software, hardware or connectivity failures of its trading system.
- Trading is paused during scheduled maintenance windows.

## About the company

- **Legal entity**: Sinegy Dax Sdn. Bhd. (202101024496 [1424796-U])
- **Parent company**: Sinegy Technologies (M) Sdn. Bhd. (963101-W)
- **Headquarters**: Wisma Leader, 8 Jalan Larut, Unit 3.2, 10050 George Town, Penang (SC register address)
- **Formerly**: The trading platform was earlier called SINEGY Marketplace

## Official links

- Website: [exchange.sinegy.com](https://exchange.sinegy.com/)
- Fees: [exchange.sinegy.com/fees](https://exchange.sinegy.com/fees)
- Terms of use: [exchange.sinegy.com/terms-of-service](https://exchange.sinegy.com/terms-of-service)
- Status: [exchange.sinegy.com/asset-status](https://exchange.sinegy.com/asset-status)
- Licences: [www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges](https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges)

## Questions and answers

**Is SINEGY regulated?**

Yes. SINEGY DAX Sdn Bhd is on the Securities Commission Malaysia's list of registered Recognized Market Operators for digital asset exchanges (updated 20 July 2026).

**What are SINEGY's trading fees?**

On 31 October 2026 the fee page showed 0% maker and 0.25% taker on all MYR pairs.

**Who owns SINEGY?**

The exchange is operated by Sinegy Dax Sdn. Bhd., a wholly owned subsidiary of Sinegy Technologies (M) Sdn. Bhd., based in George Town, Penang.

**Which coins can I trade on SINEGY?**

BTC, ETH, SOL, XRP and ADA, each against the Malaysian ringgit (MYR).

**Does SINEGY publish proof of reserves?**

No proof-of-reserves report is published; SINEGY says user assets and MYR funds are held by a regulated trustee.

## Sources

- [SINEGY — home](https://exchange.sinegy.com/)
- [SINEGY — Exchange fees](https://exchange.sinegy.com/fees)
- [SINEGY — Terms of Service](https://exchange.sinegy.com/terms-of-service)
- [SINEGY — Asset status](https://exchange.sinegy.com/asset-status)
- [SINEGY — About us (Wayback 18 January 2025)](https://web.archive.org/web/20250118012026/https://sinegy.com/about-us)
- [Securities Commission Malaysia — List of Registered Digital Asset Exchanges](https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges)
- [Securities Commission Malaysia — SC registers three digital asset exchanges (4 June 2019)](https://www.sc.com.my/resources/media/media-release/sc-registers-three-digital-asset-exchanges)

## More in this section

- [CoinDCX](https://revain.org/exchanges/coindcx/)
- [Indodax](https://revain.org/exchanges/indodax/)
- [BitMart](https://revain.org/exchanges/bitmart/)
- [WX Network](https://revain.org/exchanges/wx-network/)
- [NAGAX](https://revain.org/exchanges/nagax/)
- [SunSwap](https://revain.org/exchanges/sunswap/)
- [All Exchanges →](https://revain.org/exchanges/)

## How voting works

Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.

Page updated: 2026-11-01

---
Source: https://revain.org/exchanges/sinegy-marketplace/