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How to buy TRON in Malaysia
Is TRX a good investment in Malaysia?
Tron (TRX) is one of the digital currencies that has been very profitable for its investors over the years, especially those who have entered the currency market for the first time. In 2017, Tron was released in the market at a price of $0.002. In January 2018, the price of each unit of Tron reached $0.028. This means that Tron has grown by more than 10,000% in one month. In 2018, due to the downward trend of all currencies, Tron also found a downward trend. But it still had one of the best performances among other currencies in terms of price. The price fluctuated a little bit over the following three months before experiencing another uptick at the end of April 2018 when TRX doubled in less than two weeks. The price changes over the ensuing two years weren't as eventful as earlier ones. The price of TRX started to increase at the beginning of 2021 and, for the first time in nearly three years, it broke through $0.06. Even though the current crypto market is going through a fluctuating pattern, some crypto market professionals have predicted that TRX would reach $0.15 in 2025 and will be traded for at least $1.37 in 2030. Still, keep in mind that this is not a buying signal. We recommend entering the crypto market after examinations and receiving consultancy from experts.
What is TRON ?
Tron is a kind of decentralized entertainment system and content sharing platform that works using blockchain technology and peer to peer network. This protocol allows all users to publish, store and own data and content in a completely free, decentralized and automatic way. You can consider Tron as the next generation of social networks that you can use to create content and share it with other people anywhere in the world. The TRON protocol is among the largest blockchain-based operating systems in the world. This network is highly scalable and has high throughput. One of the contents produced by Tron is decentralized applications (dApps). Tron is able to support a wide range of decentralized applications in its network. People who are fans of social networks, games and other online entertainment will surely enjoy the efficiency of the Tron network in the future. In fact, using the Tron network, users can create decentralized applications and programs for these entertainment purposes.
Blockchain Tron has the capacity to perform 2000 transactions per second with zero fees. While in Bitcoin and Ethereum blockchain, this capacity reaches 7 and 15 transactions per second. In May 2019, Tron was able to reach Bitcoin's ten-year performance in 319 days. In order to achieve its goals, in July 2018, Tron acquired BitTorrent, the world's largest data sharing platform.
Learn more on Tron official website.
Is TRON legal to buy in Malaysia?
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.
Is TRON taxed in Malaysia
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.
After you've bought TRON in Malaysia
The Tron network is currently capable of supporting various applications and games. Besides its main use case as a platform for content creators, Tron is often used to transact, as TRX transactions come with no fees whatsoever. There are many uses for TRX, including paying for goods and services, running native smart contracts, commissions and fees, and buying other tokens issued on the Tron blockchain. These uses may increase the demand for TRX, which would raise TRX's price accordingly. Moreover, you can hold TRX as a digital asset for investment purposes and cash it out quickly whenever you need.
Who can buy TRON in Malaysia?
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.
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Frequently asked questions
Cryptocurrency market analysts mention the snowball effect regarding the Tron currency and believe that the price of this digital currency will experience excellent highs in upcoming years. Smart contracts will play an important role in the development of Tron in the future, and the low cost of transactions and fast processing time will attract many users to this network. Additionally, the supply of Tron is limited and a specific number is provided which can help with the increase of its value over time. However, we must not forget that investing in the cryptocurrency market requires knowledge and experience.
The use of cryptocurrency as a form of payment in Malaysia is not widely accepted. While some
businesses may accept cryptocurrency as payment, it is not yet a common method of payment
in the country. The central bank, Bank Negara Malaysia (BNM), has issued guidelines for
individuals and businesses to follow when using digital currencies, including cryptocurrencies,
but has not yet issued any specific regulations regarding their use as a form of payment.
It's important to keep in mind that the use of cryptocurrency as a form of payment is still in its
early stages and may not be accepted by all businesses. Before making a purchase with
cryptocurrency, it's a good idea to check with the merchant to see if they accept it as a form of
Yes, you can cash out your cryptocurrency assets in Malaysia. You have the option to convert
your cryptocurrency holdings into Euros through our digital asset exchange platform. Once the
sale is complete, you may withdraw the funds to your bank account or use them for other
transactions as per your requirement.
To purchase Tron, there is no set minimum requirement. You can purchase a minimum of $10 worth of Tron through our exchange using the payment method of your choice, and the transaction will be processed and added to your portfolio of cryptocurrency assets.
The adoption of cryptocurrency and the number of people owning crypto assets can vary greatly
and is subject to change. Additionally, the ownership of cryptocurrency is often not publicly
disclosed, making it difficult to determine the exact number of people who own these assets.
However, it is estimated that over 1 million people, 3.1% of Malaysia’s total population, currently
You can use digital wallets to store crypto tokens such as TRX. Tron’s official website has introduced several different wallets for storing TRX. TronLink is one of Tron’s authentic wallets, introduced by Tron’s official website. This wallet can be installed on mobile phones and two operating systems, Android and iOS. Also, by downloading the extension of this wallet, it can be installed on the Google Chrome browser. You can also use the wallet provided by our exchange, which makes trading TRX much easier. Note that hardware wallets are still the best option for storing Tron. However, because hot wallets can quickly connect to a number of protocols, many people continue to prefer them.