Malaysia: Where, How, and What you can buy for bitcoins
Somewhere cryptocurrencies are legal, somewhere — not. The Kript team decided to figure that out and started making a new series of reviews: we tell you where, how, and what you can buy with bitcoins.
Country: Malaysia
Cryptocurrency trading and investing are fully legal in Malaysia. Latest important regulatory requirements towards crypto exchanges came into force in the beginning of 2018. According to them, cryptocurrency exchanges are required to conduct the necessary due diligence on all their customers. As for cryptocurrency payments, currently they are not considered legal in the country. Most merchants who added bitcoin payment option as early as in 2014–2015 later removed it. Still, there are some places you can spend your bitcoins in Malaysia today.
What you can pay for
VPN and web hosting
BolehVPN is a Malaysia-based service for online security, privacy and anonymity. It allows payments in cryptocurrencies, including Bitcoin, Dash, Monero, Zcoin and Zcash. Payments in Bictoin can be affected through BitPay or directly to the address given on the website. Besides, BolehVPN provides a 10% discount of the listed price for payments in Dash, Monero, Zcoin and Zcash.
ExpressVPN is the world’s leading VPN provider that offers fast VPN servers located in 94 countries, including Malaysia, and provides secure and anonymous access to any content. It accepts bitcoin payments for subscription with the use of BitPay.
Hostpro2u is a division of E-globalfocus Sdn Bhd in Malaysia, providing data center services, such as web hosting, email and server solutions, and other related services. It accepts bitcoin payments in partnership with BitPay.
Electronic goods
IPmart is one of the largest online retailers in Malaysia offering a wide range of electronic gadgets, such as mobile phones, desktops, notebooks and different kinds of phone and PC accessories. It provides a bitcoin payment option. Users can send bitcoin to Ipmart bitcoin wallet directly.
Power accessories for smart devices
PDABase is a Malaysian distributor of Tronsmart and Aukey products and a dealer of HTC, YooBao, Apacer, Jabra and Panther911. It focuses on power accessories for smart devices, such as power banks, Qualcomm Quick Charge products, charges and cables. It provides a bitcoin payment option with the use of Shopify platform.
Vape Juices
Vape Club International specializes in Malaysian vape juices and e-liquids and provides retail and wholesale services. It enables payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin via Coinbase Commerce.
How to pay
The most popular bitcoin payment gateways in Malaysia are Coinbase Commerce and BitPay. They are supported by Shopify e-commerce platform that provides a wide range of services for online stores and supports many payment gateways in Malaysia.
Bitcoin ATMs
According to Coin ATM Radar service, currently there are 5 ATMs in Malaysia, located in Kuala Lumpur, Muar and Nilai. With the use of this ATM you can easily buy or sell bitcoin as well as some other cryptocurrencies, such as Bitcoin Cash, Ether, Dash, and more.
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