How to exchange crypto-currency in Malaysia

sheenshane

legendary

Activity: 2534

Merit: 1233

Quote from: Findingnemo on May 23, 2020, 04:57:41 PM

Quote from: pkayra017 on May 21, 2020, 04:20:39 AM

When travelling in Malaysia, where can we exchange crytp to ringgit?

Personal trades and bitcoin ATM are the only choices for someone who is not having bank account in Malaysia, as others said you can try localcryptos or Paxful to find someone to deal personally with the escrow offered by the site itself but these kind of transaction is risky so search for ATM as much as possible.

This is what also I can suggest to OP, find ATM's machine that near the place where OP goes. Through the Bitcoin machine, you didn't need to have KYC verification upon selling your Crypto to cash. Here are those Bitcoin machine types that support sell operation. Check first those ATMs I mentioned below before you are planning to travel because sometimes they will disabled sell options.

Genesis Coin
Robocoin
BitAccess
General Bytes

Source: How to sell bitcoins using Bitcoin ATM

Search it here where those ATM located in Malaysia. https://coinatmradar.com/.
Search in the search engine box of what country you want to know where Bitcoin ATM machines located at.

joniboini

legendary

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Merit: 1789

As an alternative, you can also use a bitcoin debit card provider and then transfer the funds to your card. Usually they're Mastercard/Visa card so most of the time any ATMs in the world support them. Some services that I know of is Crypterium and Advcash. But you'll need to do some KYC for them though.

Findingnemo

hero member

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Bitcoin = Financial freedom

Quote from: pkayra017 on May 21, 2020, 04:20:39 AM

When travelling in Malaysia, where can we exchange crytp to ringgit?

Personal trades and bitcoin ATM are the only choices for someone who is not having bank account in Malaysia, as others said you can try localcryptos or Paxful to find someone to deal personally with the escrow offered by the site itself but these kind of transaction is risky so search for ATM as much as possible.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

So this is a blog article that discusses which exchange platforms to use in Malaysia and it seems that Luna is the most popular. The article also highlights the fees and pros/cons generally associated with each of the platforms talked about. Source of article: https://www.bitpremier.com/buy-bitcoins/malaysia

Note that this is for online users rather than physical ATMs, if this is of interest this post lists the cities where crypto ATMs are available https://coinatmradar.com/country/129/bitcoin-atm-malaysia/

Hope this helps

pkayra017

newbie

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Thanks.

OmegaStarScream

staff

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Merit: 6152

The options above would only work if you you had a Malaysian citizenship, but since you don't and you're just traveling there... I would suggest to use LocalCryptos or Paxful, since LBC no longer support in-person transactions.

If you're going to Kuala Lampur, you can check these BTMs. There is no mention for the fees, but I'd expect them to be high (probably somewhere between 5-10%).

sunsilk

hero member

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Usually LBC and remitano.

https://localbitcoins.com/country/MY

https://remitano.com/btc/my

There are other exchanges that has been approved by their government, so, you have to take a look at those exchanges.

Luno Malaysia
Sinegy
Tokenize Technology

Source: https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges

pkayra017

newbie

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Merit: 0

When travelling in Malaysia, where can we exchange crytp to ringgit?

Topic: How to exchange crypto-currency in Malaysia (Read 142 times)