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Title: Exchanging Bitcoin for Ringgit in Malaysia? Post by: sonicode on February 04, 2015, 10:47:04 PM I'm located in the USA. I have a particular vendor in Malaysia that I'm trying to help receive my payments in Bitcoin instead of wire transfer. I sent him to BitX Malaysia (https://bitx.co/) to exchange his BTC for Ringgit. The problem is, he needs to exchange instantly to have Ringgit to run his business, but it takes WEEKS to complete a small 30BTC sell order.
My Malaysian vendor contacted BitX Malaysia and their response is "The BitX Malaysia market is quite young. We hope the awareness and interest grows with time but there is nothing we can do to affect the forces of supply and demand." Where can my vendor exchange BTC for Malaysian Ringgit settled to his business bank account quickly? Title: Re: Exchanging Bitcoin for Ringgit in Malaysia? Post by: runpaint on February 05, 2015, 12:08:05 AM He should be able to exchange Bitcoin for Indonesian Rupiah or Indian Rupee, and from there to Ringgit.
Bitcoin is getting bigger in India, and Indomaret convenience stores sell BTC over-the-counter in Indonesia so there are probably some easy options for BTC-to-Rupiah. And Rupiah to Ringgit should be pretty easy locally. Title: Re: Exchanging Bitcoin for Ringgit in Malaysia? Post by: runpaint on February 05, 2015, 12:31:12 AM https://www.bitcoin.co.id/
They claim 24 hour volume of 210BTC Title: Re: Exchanging Bitcoin for Ringgit in Malaysia? Post by: sonicode on February 06, 2015, 02:18:26 PM Thanks guys. I'll give him this info.
Title: Re: Exchanging Bitcoin for Ringgit in Malaysia? Post by: runpaint on March 02, 2015, 01:31:38 AM Did he ever get it worked out?
Title: Re: Exchanging Bitcoin for Ringgit in Malaysia? Post by: Icardi09 on March 02, 2015, 03:34:46 AM Convert to IDR first in indonesian exchange and sell IDR to MYR in forex exchange. 30 BTC is easy to convert in vip.bitcoin.co.id
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