Bitcoin, the world’s first digital currency, has gained popularity in Malaysia in recent years. With more and more people interested in investing in cryptocurrency, the demand for bitcoin machines has increased. Bitcoin machines are automated teller machines (ATMs) that allow users to buy or sell bitcoins. In this article, we will explore where you can find bitcoin machines in Malaysia.
Currently, there are around 17 bitcoin machines in Malaysia, located in different cities. These machines are owned and operated by different companies, and each has its own set of rules and regulations. Some machines only allow users to buy bitcoins, while others allow both buying and selling. Users can also choose to pay with cash or credit card, depending on the machine.
The following are the locations of bitcoin machines in Malaysia:
1. Kuala Lumpur – There are around 10 bitcoin machines in Kuala Lumpur. These machines are located in different shopping malls and office buildings, such as Bangsar Shopping Centre, Mid Valley Megamall, and Sunway Pyramid. The machines in Kuala Lumpur allow users to buy and sell bitcoins.
2. Penang – There are two bitcoin machines in Penang, located in Gurney Plaza and Queensbay Mall. These machines allow users to buy bitcoins only.
3. Johor Bahru – There is one bitcoin machine in Johor Bahru, located in Komtar JBCC. This machine allows users to buy and sell bitcoins.
4. Ipoh – There is one bitcoin machine in Ipoh, located in AEON Kinta City. This machine allows users to buy bitcoins only.
5. Seremban – There is one bitcoin machine in Seremban, located in Palm Mall. This machine allows users to buy bitcoins only.
6. Kota Kinabalu – There is one bitcoin machine in Kota Kinabalu, located in Imago Shopping Mall. This machine allows users to buy bitcoins only.
7. Kuching – There is one bitcoin machine in Kuching, located in The Spring Shopping Mall. This machine allows users to buy bitcoins only.
The process of buying or selling bitcoins at a bitcoin machine is relatively simple. Users need to have a bitcoin wallet and a QR code to use the machine. They can scan the QR code with the machine, insert cash or credit card, and the bitcoins will be transferred to their wallet.
It is important to note that bitcoin machines charge a fee for their services, which can range from 3% to 8%. Users should also be aware of the risks associated with investing in cryptocurrency, as the market is highly volatile and prices can fluctuate rapidly.
In conclusion, bitcoin machines in Malaysia are still relatively new, but their numbers are growing. They provide a convenient way for users to buy and sell bitcoins, and their locations in shopping malls and other public places make them easily accessible. However, users should exercise caution when investing in cryptocurrency and be aware of the risks involved.