Buy Storj
in Malaysia

STORJ token was released in July 2017 with an initial price of $0.52. After a huge rise and fall, it started
2018 with a surprising value of $3.13, which was great news for STORJ owners because they could triple
their capital in less than a year. However, it didn’t last long, and the price fell and ended the year at
$0.13. The STORJ price didn’t have any rise or notable fluctuations in 2019 and 2020. The average price
for these two years was $0.45. But 2021 surprised STORJ holders again with a price record of $3.98. Like
most cryptocurrencies, STORJ didn’t have a great year in 2022, and its price fell to $0.27.
STORJ had good days and bad days in its history. The future of this coin is not clear though. If you want
to invest in this coin, you need to have this mindset of how well this coin might perform in the next
years. That is something analysts do. Therefore, it is a good idea to check STORJ price predictions to
have something in your mind about its future. Although it is just a prediction, it can still be helpful. The
highest price predicted for STORJ by 2025 is $1.45. Crypto analysts also believe that STORJ might be a
good long-term investment and have predicted its price to be around $7 by 2030.

Storj is a cloud storage platform founded in 2014 as a decentralized alternative to the centralized cloud
storage that some companies like Amazon or Google had offered. Unlike the centralized platforms, on
Storj's decentralized platform, people share or rent the free spaces they have on their hard drives with
people who need somewhere to put their data. This storage can be used for video streaming or
software distribution. The Storj users can make money by sharing the free space on their computers.
However, they receive their rewards with Storj native tokens called STORJ.

Yes, cryptocurrency is legal to buy, sell and trade in Malaysia. According to an issued guideline
on digital currencies by Malaysia’s central bank, Bank Negara Malaysia (BNM), has stated that
it does not ban cryptocurrency transactions and has issued guidelines for individuals and
businesses to follow when using cryptocurrencies. These guidelines are intended to help ensure
the stability of Malaysia's financial system and to protect consumers from potential risks.

Yes and no, there is no specific tax law in Malaysia that governs the taxation of cryptocurrencies
as of 12 February of 2023. However, the Inland Revenue Board of Malaysia (IRBM) has issued
Guidelines on Tax Treatment of Digital Currency Transactions indicating that cryptocurrencies
may be subject to tax under existing laws on certain conditions. According to the mentioned
guideline above, The Malaysian Inland Revenue Board (IRBM) has stated that cryptocurrency
transactions are exempt from tax, unless they are conducted regularly or repetitively. This
means that if you engage in cryptocurrency trading on a frequent basis, you will be required to
pay taxes on your cryptocurrency earnings. For businesses involved in cryptocurrency, any
profits generated from these transactions will be subject to income tax, regardless of whether
the profits are received in cryptocurrency or fiat currency. On the other hand, according to the
above-mentioned document, since cryptocurrencies are not viewed as capital assets nor a legal
tender by Malaysian authorities, crypto transactions carried out by individual and occasional
investors are not taxed.
It is worth noting that tax laws and regulations can change over time, so we would recommend
checking with the IRBM or consulting with a tax professional for the most up-to-date information.

As mentioned earlier, the main usage of the STORJ token is as a payment solution on its network. People
who want to rent a space to store their data should pay STORJ to the host who shares the space on their
computer. Therefore, people working on this system need to have STORJ tokens in their wallet to be
able to use this network.
Like other tokens, STORJ's price changes over time, which makes it an option for investment. You can
buy STORJ tokens, keep them in an e-wallet, and wait until the price goes up to sell or trade them with
other currencies. However, this process is not as easy as in theory. You need to be more cautious about
this world because cryptocurrencies are volatile and risky. You should always keep watching its price,
read its news, follow experts, and find out what analysts think about its future. Thus, you can have a
better investment.

In Malaysia, there are no restrictions on who can buy cryptocurrency. The best way to purchase
cryptocurrency in Malaysia depends on individual circumstances and preferences. The most
widely used method is through a digital asset exchange platform like ours. Our platform offers a
secure and reliable option for individuals looking to buy cryptocurrency in Malaysia. Our
exchange adheres to the law and provides a variety of payment options, including credit card,
debit card, bank transfer, PayPal, Apple Pay, and Google Pay, without incurring exchange
transaction fees. On our platform, individuals have the capability to buy, sell, and trade
cryptocurrency tokens. As with any investment, it's important to thoroughly research and
understand the market before investing in cryptocurrency. It's also a good idea to consult with a
financial advisor or expert in the field to help you make informed decisions.