Buy Tether (USDT) with FPX in Malaysia
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How to Buy Tether with Online Banking (FPX) in Malaysia
FAQ
Tether is legal in Malaysia. However, the regulatory environment is subject to change, so it's important to stay updated with the latest regulations from the Securities Commission Malaysia and Bank Negara Malaysia.
To buy Tether via FPX, you first need to create an account on a cryptocurrency exchange that accepts Malaysian customers and supports bank transfers. After verifying your account, you can transfer funds from your bank account to the exchange and use the funds to buy Tether.
Yes, fees may be levied for FPX transactions - the amount varies based on the provider. Paybis levies a nominal fee for platform services, which is waived for first-time buyers.
Tether is the largest stablecoin by market cap. Due to its low volatility and high trust factor, the risks are minimal. However, it is also largely dependent on the stablecoin’s parent company. Paybis, on the other hand, is completely safe to use in more than 180 countries.
Yes, you will need a digital wallet to store Tether safely. If you do not want to deal with the hassle of maintaining private keys and seed phrases, we highly suggest using the Paybis wallet.
Yes, Malaysians should consider using FPX to buy USDT for its convenience, real-time processing, and secure transactions directly from bank accounts, provided the cryptocurrency platform supports FPX.
First transaction — no Paybis fee!
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