Malaysia is mostly Muslim, and gambling, in Malaysian Bitcoin casino online and offline are technically illegal. The laws in Malaysia regarding gambling were written decades ago, so to clearly know if aspects such as the hosting of online gambling sites are legal would be a matter of process. Online gambling in the country is mostly overlooked or not allowed or at times just ignored. Many residents in Malaysia bet on games every day. But they mostly do with major international betting platforms. This, however, does not imply that there is no risk in gambling online in Malaysia. However, digital currencies are legal in the country, but they are not considered legal tender. This implies that players can bet on the best Bitcoin casino in Malaysia.
Also, there are no laws in place for online gambling in Malaysia, there are basically three laws established since 1953 that regulate gambling in Malaysia; the Common Gaming Houses Act and Betting Act, together with the Pool Betting Act and the Lotteries Act of 1976. Despite that, there are exceptions to these rules of law. For example, brick and mortar casinos are allowed to operate throughout Asia. But Malaysians with the Muslim faith are not allowed to gamble. Most of them can only bet on offshore online casinos because the local online casinos will be shut down immediately by the authorities. In Malaysia, taxes with regards to gambling are very high. The taxes for many Malaysian BTC casinos were raised by the country’s Ministry of Finance. And also, players must pay taxes on the capital gains.
In Malaysia, online gambling is technically illegal. A player will most likely not face any issues playing on a Malaysian Bitcoin casino, but any company operating within the country will be immediately shut down. As for cryptocurrencies, Malaysia has only recently started regulating them.
We’ve hand-picked a few Bitcoin casinos that are best for Malaysian players in the list below. There are dozens of other brands we’ve reviewed on our website, but the ones you see in this Malaysia Bitcoin casino online list are the most likely to meet your demands. If you see that any of these casinos have features you like, click the “Sign Up” button for a quick and effortless registration.
100%
Yes
No
8/10
Yes
Weekly Jackpot
120%
Yes
No
6/10
No
eSports
180%
Yes
1 Lucky Free Spin
3000+
Yes
Task Hub
100%
Yes
25
2000+
Yes
Free Crypto Faucet
110%
No
300
9/10
Yes
mBit races
100%
No
150
9/10
Yes
Giveaways
100%
Yes
No
9/10
No
60+ Markets in-play
110%
Yes
300
9/10
Yes
FortuneJack Coin
100%
No
200
4/10
Yes
PlayAmo App
100%
No
130
8/10
Yes
Drops & Wins
100%
Yes
No
4/10
No
11 Bonuses
100%
Yes
100
6/10
Yes
5 Coins
100%
No
200+
9/10
Yes
4 Back-to-Back Bonuses
150%
No
50
9/10
No
TrueFlip Token, TrueLab Games
100%
No
100
8/10
Yes
Welcome Race
100%
No
200
7/10
Yes
Multilingual Platform
200%
Yes
25
6/10
No
Free Software
100%
Yes
No
7/10
Yes
Sit & Crush Bonus
No
No
No Free Spins
10
Yes
Faucet Bonus and Rainbot Feature
100%
Yes
75
2/10
No
3 Welcome Bonuses
100%
Yes
No
6/10
No
Multilingual Support
100%
Yes
No
6/10
Yes
Gift Card Giveaways
100%
No
190
3/10
Yes
The Big Bet Battle
100%
No
60
2/10
No
Bitcoin Value Weekly Cashback
200%
No
No
1/10
No
FunFair games, FUN token
Yes
Yes
Yes
1300+
No
Yes
No
Yes
No
6/10
Yes
Fantasy Sports
110%
Yes
No
3/10
Yes
Virtual Sports
Yes
Yes
No
6/10
Yes
Fast Deposits
100%
Yes
10
1/10
Yes
Sportsbook
255%
No
112
1/10
No
Daily Deal Bonus
100%
No
250
6/10
Yes
VIP Program
In Malaysia, the anonymous nature of blockchain has created new forms of money laundering as there is no governmental control on crypto assets. To reduce the risk of the technology being used for such reasons, any individual dealing with cryptocurrency exchanges is considered as subjected to the country’s Anti-Money Laundering and Counter Financing of Terrorism and also treated as a reporting institution. According to the guidelines set out by the Securities Commission Malaysia, new regulations regarding cryptos in the country were established in January 2020, in order to reduce the high level of money laundering that was going on with the use of cryptocurrencies. And crypto platforms in the country are required to register with the SC and people are not allowed to issue, distribute or offer digital assets.
There are several advantages involved in using Bitcoin for processing payments in casinos which include transaction speed, no commission, withdrawal time, and privacy. The blockchain technology used in Bitcoin has gone a long way to ease the process of financial transactions, from reducing unnecessary wait times to low transaction costs. When it comes to the crypto casino for Malaysians, using Bitcoin to fund their accounts for betting helps them with the privacy they need to get out of the government’s radar, especially given that gambling in Malaysia is somewhat illegal.
| Fiat | Crypto | |
| Transaction Speed | 24-48 Hours | Instant |
| Commission | 1.4% | 0% |
| Withdrawal Time | 3-4 business days | Instant |
| Privacy | Not Protected | Protected |
One aspect that Bitcoin players can all agree on is the fact that transactions are a lot faster with Bitcoin casinos than there were with regular fiat casinos. This is because the advent of the internet and fintech has made financial processes faster and in the case of Malaysian Bitcoin gambling sites, transactions are always instantaneous, and in some cases, they take an average of 15.8 minutes to be processed. With bigger cryptos like Bitcoins, transactions could take a little longer than 15 minutes. They would normally range between 15 minutes and an hour. Whereas with fiat online casinos, the wait times are very long, and although at times deposits could be instant, withdrawals often take days for the transaction to be completed. And the proliferation of Malaysian Bitcoin casinos online has come to solve this time waste issue.
All gamblers are often impressed with a reduced cost for services provided. And with Malay Bitcoin casinos, what players will benefit from is transactions free of any commission. One reason why there are no commissions with Bitcoin casinos is that the blockchain technology used in establishing the digital currency has no intermediaries, and as such, no commission is taken, although this decision is solely at the discretion of the casino patrons. It has been noted that most casinos don’t charge commissions for transactions in order to keep their clients from going back to fiat websites which require about 1 to 4% commission.
Withdrawal time with Bitcoin casinos is instant. What you need to do when you want to withdraw your funds is to choose Bitcoin as your withdrawal option in the list of payment methods and insert the amount you want to withdraw. When this is done, the casino will send an address through which you will get your money, and this is in a matter of minutes, while with regular fiat casinos players are required to wait for 5 to 7 business days two withdraw their funds after sending in the request.
Many players of the best Bitcoin casinos in Malaysia prefer using Bitcoins for gambling because it offers anonymity, confidentiality, and security. This is also very much important given the status of gambling in the country. Since people cannot be tracked, or even if tracked their transactions can’t be connected back o them, many Malaysians are switching to Bitcoin gambling. Transfers are secure and fast with bitcoin casinos and players definitely need the help to stay out of trouble.
| Fiat | Crypto | |
| Tax | 0% | 0-20% |
| Exchange | Not Required | Required |
| Risk | Low | High |
| Variety of Casinos | High | Low |
In Malaysia, the taxes levied on any crypto-based dealing is very high. Since Bitcoin is not considered as legal tender in Malaysia or a financial product, Bitcoin casino players pay taxes on their winning attitude. Fiat casinos on the other hand don’t pay taxes on any dealing, because it is legal tender. This is the reason why some individuals prefer to stick to regular online casinos in order to avoid extra taxes incurred with Bitcoin casino transaction,
BTC casino Malaysia players still suffer a high exchange rate when trying to use their coins to purchase goods. Due to the digital currency’s high volatility, many players lose a to of money even when they are winning their bets. And also, it is all just tedious going to exchange money you knew you could just withdraw and use, like in the case of standard fiat casinos.
The most common aspect of bitcoin is high risk. The prices are extremely volatile, leaving
Malaysian Bitcoin casino players with very unfavorable outcomes. In the same way that the value of Bitcoin could rise within a short period of time, so too can the value fall totally within split seconds, making it very risky for players and to the extent that they could even lose money even if they won their casino games. Especially if the value dropped during this time. With exchanges, users end up losing some money to price drops most of the time. While with conventional online casinos the risk is lower and the price fluctuations are not as drastic.
Bitcoin casinos are a new innovation to the gambling industry but the number of Malaysia cryptocurrency casinos is just a handful. This is due to the fact that many crypto players either don’t have Bitcoin wallets, or they are just trying to avoid the risk that is associated with crypto transactions. Nevertheless, this has not stopped new crypto casinos from getting established. In contrast to Bitcoin casinos, are fiat online casinos, that have a variety of online platforms and are less risky, and convenient, compared to Bitcoin casinos. One major disadvantage of this is that with a few varieties of casinos to choose from, users could get stuck with poor customer services.
Yes, you can get crypto bonuses with Malaysian Bitcoin Casinos. Bitcoin gambling Malaysia casinos offer a wide range of bonuses to its players. The most common bonus that crypto casinos offer is the welcome bonus, which is provided to rookie players signed up with the casino. To be eligible for the bonus, casinos require users to fulfill in order to get a casino welcome bonus. The player might be required to make a minimum deposit before getting the bonus or meeting up with several terms and conditions. Below are a few bonuses that are common with a Malaysian Bitcoin casino.
A deposit bonus is a bonus that casinos offer their users when they register their accounts and make their first Bitcoin deposit. With this bonus, clients must make an initial deposit to be eligible. Although casinos use this bonus to incentivize their customers, the clients might decide to opt-in for this bonus type in order to understand how the casino works, and also to try their hand with a few games. To be eligible for this bonus, bettors have to register an account with a Malaysian bitcoin casino and make an initial deposit.
A lot of casino players often have an interest in no deposit bonuses, because they don’t require any deposit. In other words, all players want a Malaysia casino online free credit. But to be eligible for such bonuses there are several steps that the casino requires you to follow such as signing up with the casino and claiming a bonus code. Malaysian Bitcoin casinos require players to follow the terms and the conditions of the bonus in order for them to be able to claim them. This bonus, helps the users know more about a casino and how they operate. follow the steps below to claim your bitcoin no deposit bonus:
Most Bitcoin casinos in Malaysia offer bonuses to their clients, including free spins. With such a promotion. players are given the chance to play slot games in order to win tokens or real money. Anyone can claim a free spin bonus, given that you follow all the requirements to be eligible for the bonus. The main reason for such offers is always for incentives.
In conclusion, one can safely say that due to the gambling laws of Malaysia being too old, there are no provisions for online gambling, that is why there are still so many Malaysians gambling online through both fiat and crypto platforms. But what has been more beneficial to Malaysian players is using Bitcoins for gambling which provides them with the opportunity to gamble without raising any eyebrows. However, they aren’t permitted to gamble locally, thus most of these Malaysian Bitcoin platforms are offshore because local casinos get shut down as soon as they are established.
| Pros | Cons |
| Fast Transactions | Tax |
| Withdrawal Time | Tedious Exchange |
| Privacy | High Risk |
| Play From Anywhere | Low Variety of Platforms |
Gambling can be very addictive at times. Although it is fun and exciting, there are so many things that could go wrong from an individual taking what was meant to be a hobby into an addiction. To ensure that you don’t go out of budget, it is advisable for individuals to limit the rate at which they gamble.
