Firstly though, the Malaysia Online Casinos has to offer are just around the corner or better said, they’re a few “scroll downs” away. We’ve based our ratings on a combination of trustworthiness and quality of the product.
Before we go any further we’ll take a closer look at the top Malaysia online casino list below. Rest assured that all of the online casino sites are indeed trusted ones. First off, they are all legal casinos bearing a valid licence. Our team of experts have also reviewed each site individually, from a Malaysia casino player’s perspective.
Top 10 Malaysia Online Casino Sites
Is Gambling in Malaysia Legal?
To an outsider, the whole issue concerning the legality of gambling in Malaysia may seem complicated. While the national gambling legislation is all but clear, many gambling forums fail to distinguish laws from the results of Malaysia’s exposure to Islam.
With over 61% of Malay population being of Muslim faith (source: Islamic Tourism Centre of Malaysia), it’s inevitable that gambling is seen as a ‘forbidden fruit’ by many. In Islam, gambling is ‘haram‘ (forbidden) as it is openly condemned in the pages of the Quran alongside alcohol and other activities that can have “many negative effects on each individual as well as society.”
To simplify things, we can say this:
- You can access online casinos in Malaysia
- You can play casino games legally from Malaysia
- Muslim citizens in Malaysia should not gamble because of their belief, regardless of the national gambling legislation
Not only are online casinos legal in Malaysia, but there are plenty of brick-and-mortar casinos to choose from.
Banking in Malaysia
The official currency of the country is the Malaysian Ringgit. It is not popular in online lobbies and can be found only in 1% of the websites hosted by our portal. Alternatively, players from this country can pick platforms that allow deposits and withdrawals in US dollars or Euros.
As for the most popular banking methods, the list includes Visa, a card found in more than 450 online lobbies in our database, and Neteller – an e-wallet accepted by over 440 platforms at KTC. Both these methods support deposits and withdrawals, and it takes from one to three workdays on average to receive payouts.
It doesn’t matter if it’s a VISA or a MasterCard, as long as their logo is on the card, you can deposit at Malaysia online casinos. For the time being, gaming sites are not keen on locally-based debit cards, such as the popular Maybank2u and CIMBClicks. Due to the online casino Malaysia legal situation, the payment providers do not want to cooperate with what they consider ‘high-risk businesses’.
Even though some credit and debit card transactions are accepted, we advise that you opt for an alternative. Using them at an online casino Malaysia-friendly exposes your banking activity. Since online gaming is not legal per se, there could be some potential threats down the road.
Making a bank wire directly from your account to a Malaysia online casino’s bank is more common than you think. It’s a favourite amongst high rollers who like to deposit hefty amounts. However, it’s not as convenient in Malaysia for the same reasons explained earlier on. Most local banks won’t cooperate with online casinos in Malaysia. Even if you try to make a transaction using this option, the chances of it being approved are rather bleak.
E-wallets such as Skrill, ecoPayz and NETELLER are among the most popular payment options at online casinos around the world. They’re particularly important for players located in unregulated markets like the online casino Malaysia one. Not only are they fast and cost-effective but also no personal details are disclosed to the online casinos. More importantly for Malaysia casino players, transactions made using e-wallets are never traced back to banks. They can be of great use however not all of them support payments in Malaysian Ringgits.
Bitcoin Casinos Reign Supreme
Cryptocurrencies exploded in the past few years, and it appears that the boom is coming to an end lately. This hasn’t stopped online casinos in Malaysia from accepting Bitcoin deposits and withdrawals for that matter. As an online casino player, it’s still a good idea to consider playing in Bitcoin. Note, do this only if you’re comfortable with managing cryptocurrency e-wallets and cryptocurrency in general. The payment option may be highly volatile but it’s also a great way to retain anonymity.