malaysia

PAYMENT METHODS AND ONLINE CASINOS IN MALAYSIA

Top Casinos and Best Banking Options for Malaysian Players

Casino Banking Methods keeps you updated on all markets where online gambling has a substantial presence. One of those countries is Malaysia, which has a long and storied history with gambling. Unsurprisingly, this translated into online casinos being incredibly popular.

We scoured the web on the hunt for the best online casino Malaysia. Satisfied with our search, we highlighted the best websites we found, along with standard banking methods used by Malaysian players.

With limited options for playing at home, Malaysians frequently turn to online casinos. Video slots, live casino releases, horse racing, sports betting, and poker have a loyal following. The gambling sites we recommend offer all these games and support widespread local payment options.

Malaysia has a diverse population, and not everyone enjoys online gambling. However, its continued growth in the country proves an increasing appetite for the hobby. As more Malaysians seek entertainment online, finding trustworthy websites is more important than ever. CBM does its part to highlight the best casinos and local payment methods for casino members to use.

Best Malaysian Online Casinos

Here, the CBM team highlights the best online casinos for Malaysian players. Our focus was to draw attention to websites that excel at creating a gaming environment you want to return to. Websites we recommend have valid licenses and certifications, well-known and beloved games by respected developers, and reliable and fast payment methods. Scroll below to find all the excellent websites waiting for you.

BetWinner

89.83%

18+ | New Customers Only |

T&C Apply
  • 10,000+ casino games
  • 200+ live dealer tables
  • 140+ payment methods

18+ | New Customers Only |

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22Bet

89.67%

18+ | New Customers Only |

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  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

18+ | New Customers Only |

T&C Apply

Bitstarz

91.00%

18+ | New Customers Only |

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  • Excellent track record
  • Very fast withdrawals
  • 170+ live dealer tables

18+ | New Customers Only |

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Playamo

88.50%

18+ | New Customers Only |

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  • High withdrawal limits
  • Over 3,500 RNG games
  • Impressive live casino

18+ | New Customers Only |

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Wazamba

87.17%

18+ | New Customers Only |

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  • High game variety
  • Many bonuses
  • Stable cashier

18+ | New Customers Only |

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Casoo

85.83%

18+ | New Customers Only |

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  • Eight live dealer providers
  • Lots of cashout options
  • Glimmer loyalty perks

18+ | New Customers Only |

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Tsars

87.33%

18+ | New Customers Only |

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  • Daily cashback
  • Impressive live casino
  • Crypto friendly casino

18+ | New Customers Only |

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King Billy

87.33%

18+ | New Customers Only |

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  • Great table game options
  • Top live dealer providers
  • Cryptocurrencies accepted

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Malaysia

Your experience in an online casino depends on what payment methods you use. An excellent payment method has fast deposits and withdrawals, transfers funds securely, and is convenient to use. That is why CBM highlights the most commonly used payment methods in trusted online casinos in Malaysia. Try them out and see which one suits your needs best.

84%
DuitNow logo
Review & Best Casinos
  • Instant bank transfers
  • Bank-grade security
  • Easy-to-use
Read Review
82%
Help2Pay logo
Review & Best Casinos
  • Fast direct bank transfers
  • No fees
  • You don’t need an account
Read Review
83%
iWallet logo
Review & Best Casinos
  • Great option for Asia
  • Good selection of iWallet casinos
  • Crypto friendly
Read Review
82%
PayTrust88 logo
Review & Best Casinos
  • Fast transaction speeds
  • Casino deposits & withdrawals
  • No user registration
Read Review
91%
Mastercard logo
Review & Best Casinos
  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Read Review
90%
ecoPayz Logo
Review & Best Casinos
  • Fast casino payments
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
MuchBetter logo
Review & Best Casinos
  • Available around the globe
  • Designed with iGaming focus
  • Fast deposits & withdrawals
Read Review
87%
Skrill logo
Review & Best Casinos
  • Instant deposits & withdrawals
  • Safe and reliable e-Wallet
  • Widely accepted at casinos
Read Review
86%
Neteller Logo
Review & Best Casinos
  • Fast casino withdrawals
  • Highly secure option
  • Cryptocurrencies supported
Read Review
86%
Jeton Logo
Review & Best Casinos
  • Fast deposits & withdrawals
  • Low fees
  • 1% Instant Cashback
Read Review
86%
Bitcoin Logo
Review & Best Casinos
  • Fast and secure transactions
  • Free casino deposits & withdrawals
  • High maximum cashout limit
Read Review
86%
Ethereum logo
Review & Best Casinos
  • The safest cryptocurrency
  • Constantly updated and improved
  • More stable than BTC
Read Review

Laws and Regulations on Online Gambling in Malaysia?

Regulation icon

The first appearance of gambling in Malaysia came from Chinese merchants in the 19th century. It whetted the appetite of Malays and introduced a pastime that remains incredibly popular today. However, the country has a mixed legal system and a diverse population, each with a different take on gambling and its status.

Malaysian law allows some forms of betting: lotteries, certain casino games, and horse racing. However, gambling is only legal if the authorities give a license or permit. The issuing body is the Unit Kawalan Perjudian (Betting Control Unit) of the Ministry of Finance. Despite being officially illegal, online gambling has only strengthened over the years. This popularity skyrocketed during the pandemic, as Malaysians found entertainment on international betting sites.

However, things are not as straightforward as they may seem. Recently, Malaysia’s High Court ruled in a case saying online gambling is not illegal in the country. The decision pointed out that the country’s Common Gaming Houses Act and Betting Act were not caught up with the times. The High Court noted it is not their function or duty to fill in the blanks in the law. The decision confirms something most Malaysians already knew personally: online gambling remains a grey area.

Certificate icon

With outdated laws from 1953 and no relevant proposals to amend them, Malaysians can continue enjoying online gambling. Furthermore, recent reports are also hinting the government might change positions and legalise online gambling for non-Muslim citizens. We would welcome such a change, as would many Malaysians who currently enjoy playing casino games on international gambling sites.

The situation as it currently stands leaves much room for improvement for all sides involved. By legalising online gambling, Malaysia could regulate online casinos more effectively and generate tax revenue by removing the grey area. In addition, Malaysian gamblers could benefit from effective institutions that protect them from fake casinos and untrustworthy operators.

Until the situation changes one way or another, online casinos in Malaysia remain legally undefined. Players can continue playing on their favourite websites but should keep an ear out for any changes in legislation. We will update the page to reflect the current situation if things change.

Can Casinos That Accept Malaysian Players Be Trusted?

Handshaking icon

Many online casinos offer support for Malaysian casino members. However, not all of them are equally trustworthy. When looking for a trusted online casino Malaysia, we always confirm if it holds a valid license issued by reliable regulators like the Malta Gaming Authority. Their approval goes a long way in ensuring that a Malaysian online casino is worth your while.

Other respected and noteworthy jurisdictions are Gibraltar, Isle of Man, Kahnawake, and Curacao. We also look for oversight of organisations like eCOGRA, which do third-party certifications that confirm casino games are safe and fair.

Fair gaming icon

All these steps are taken to ensure the operator is not taking advantage of players. Regulators and certification procedures force casinos to be transparent, follow the rules, and offer fair games. The best Malaysian online casinos list all seals of approval and license numbers on the homepage. When reviewing online casinos, we always check these details to ensure we give the most up-to-date information.

Best Casino Bonuses for Malaysian Players

With a lot of competition, online casinos always look to one-up each other in any way possible. Casinos accepting Malaysian players are no different, featuring a variety of exciting promotions to draw you in. International casinos extend offers to Malaysian customers with terms defined by their bonus policies. With some online casinos, you will be swimming in promotions. Meanwhile, other websites opt for fewer bonus deals with better rewards.

Regardless of how the casino Malaysia handles promotions, you should pay attention to its bonus terms. They detail all the rules you need to follow, so study them before accepting any offers. The CBM team works hard to find transparent offers without hidden terms that can trick you.

50 Free Spins No Wagering
Get Bonus
PlayOJO

Free Spins

No Wagering

Welcome Package

None

Ongoing

€10

No maximum

96%

100% up to £25 + 20 Free Spins
Get Bonus
Casumo

Deposit

Welcome Package

Not needed

30x

Ongoing

£10

No maximum

82%

100% up to 1 BTC + 180 Free Spins
Get Bonus
Bitstarz

Deposit

Welcome Package

Not needed

40x B

Ongoing

€20 (0.006 BTC)

No maximum

75%

100% up to €500 + 100 Free Spins
Get Bonus
King Billy

Deposit

Free Spins

Not needed

30x B

Ongoing

€10

No maximum

82%

100% up to £100
Get Bonus
All British

Deposit

Not needed

35x B

Ongoing

£20

No Maximum

79%

100% up to €300
Get Bonus
22Bet

Deposit

Not needed

50x B

Ongoing

€1

No maximum

68%

300% up to $2,000 + 180 Free Spins
Get Bonus
Drake

Deposit

Free Spins

Not needed

60x (D+B)

Ongoing

$25

No maximum

44%

100% up to €100 + 150 Free Spins
Get Bonus
Vbet

Deposit

Free Spins

Not needed

35x B

Ongoing

€1

€1,000

68%

Local Payment Methods to Consider

Malaysia banking icons

Playing in an online casino is much better if you do not have to jump through hoops. That is why Casino Banking Methods specialises in finding the best local payment methods for Malaysian players. We work hard to ensure the recommended options are easy to find in Malaysia and are used frequently.

Local payment methods will naturally support local currencies. You can deposit in MYR without dealing with the hassle of currency conversion. It is also a more convenient option because it is already familiar to players. The odds are high that you already have one of these accounts, meaning you do not have to register a new one. You will undoubtedly find something that suits you between Help2Pay, DuitNow, MCash and Touch ‘n Go.

Help2Pay is a comprehensive payment gateway supporting transactions in southeastern Asia, including Malaysia. Duitnow, MCash and Touch ‘n Go are e-wallets that allow you to send and receive funds easily. All options are widely used in Malaysia and highly rated by their users. Almost every Malaysia-facing online casino we played in had at least one of these banking methods.

Depositing with MYR Currency

Malaysian ringgit symbol

Currency conversion comes with a fair amount of fees and extra costs. Wasting your hard-earned money on conversion fees is the last thing you want. Because of that, we always try and recommend casinos that support your local currency. Fortunately, many online casinos accept Malaysian players and MYR.

Malaysian casino members can also use cryptocurrencies like Bitcoin (BTC). However, they will have to deal with conversion costs in this case. While some online casinos support Bitcoin deposits and withdrawals, they do not allow placing crypto bets.

Fun Facts

  • The modern concept of gambling was brought to Malaysia by Chinese merchants in the 19th century.
  • Malaysia has only one legal land-based casino. It was constructed in the 1970s and designed in a Las Vegas style. It is open 24 hours a day, but access is forbidden to Muslims and people under 21. It has over 400 electronic table games, 3,000 slot machines, and 30 tables with roulette, blackjack, boule, and tai sai.
  • The country has six legal privately-owned lotteries and several illegal lotteries. In 2018, one Malaysian illegal lottery generated 60% more revenue than all six legal operators combined.
  • Malaysia has a unique dual justice system, with Syariah and secular laws. Syariah laws exclusively apply to the nation’s Muslim population, which is more than half of its citizens.
  • The country has produced several well-known poker players: Paul Phua, Richard Young, and Wai Leong Chan. That is despite poker being in a legal grey area in Malaysia.
  • Horse racing was introduced in the country during the 1800s by the British. Betting on horses is legal in Malaysia, which has three racecourses. All three racecourses are privately owned.

FAQ

An MYR online casino accepts deposits, wagering, and withdrawals in the Malaysian ringgit.

Malaysian government maintains the position that online casino gambling is illegal. However, a recent High Court ruling confirmed the nation’s current laws do not outlaw online gambling. Therefore, it remains a legal grey area until Malaysia decides to update its law to legalise or ban online gambling.

Not all Malaysian banking options support depositing to online casinos. However, at the time of writing this article, all CBM-recommended payment methods allow you to fund your casino account.

Online gambling activity is not subject to taxes in Malaysia. Malaysian law also states that anything you get through luck, inheritance, or chance is not taxable.

Picking the best online casino in Malaysia is impossible. Players have different values and preferences, reflecting how they see an online casino. Our team provides unbiased reviews and lays out all the facts. We recommend looking at our reviews and ratings to decide what suits your taste best.

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