The Malaysian ringgit is the official currency of Malaysia. It is officially recognized with the international code MYR and referenced in text with the symbol RM. While not a major international currency, ringgit are used for a growing number of global transactions each day. For a list of online casinos that accept Malaysian ringgit, see this page.
Overview of Malaysian Ringgit
Malaysian ringgit have been used in Malaysia since 1967, originally known as “Malaysian dollars”. The name “ringgit” was adopted in 1975. While gambling is largely prohibited in Malaysia, some online casinos do permit players from the country to play their games. This has led to some online casinos to accept ringgit directly from players.
Exchanging Malaysian Ringgit
If you are a player in Malaysia with ringgit, you may be interested in playing at casinos that do not accept your currency. Depending on the casino’s policies, you may be able to do this. First, make sure that the casino accepts Malaysian players, and then check what currencies the casino does accept. See if the casino can exchange your ringgit into one of the currencies, or find an independent exchange service to do this for you for a small fee.
If you do not live in Malaysia but want to play at a casino that uses the Malaysian ringgit, you should check to see what other currencies the casino offers. In our experience, most casinos that use the ringgit also feature some major international currencies, such as Japanese yen, Chinese renminbi, or US dollars.
Banking with Malaysian Ringgit
Regulations in Malaysia can make it difficult to play with Malaysian ringgit. However, casinos that use the currency usually feature a few methods to make playing possible. Most players in Malaysia use independent money transfer services or e-wallets to get money to and from the casino. We encourage you to check with the casino to see what options are available to you.
Before you begin playing, consider the fees and timeframes for each option in the cashier. Fees can add up quickly, and it’s best to know if your deposit will clear instantly before you try to add funds to your casino account. Always consult the casino’s support department if you have any questions.