How to Buy USDT in Malaysia and Donate It to Gaza

To buy USDT in Malaysia, open an account with a digital asset exchange on the Securities Commission Malaysia's list of registered exchanges, verify your identity, deposit ringgit from your bank account, and buy USDT if the exchange offers it. To donate it, withdraw the USDT to the recipient's address on the exact network they list, such as Tron (TRC-20).

This guide is written for people in Malaysia who want to give to Gaza in crypto and have never bought any. We accept crypto only, so this is the route to giving to us; the same steps apply to any other recipient that takes USDT. We have no relationship with any exchange named here, and we can't tell you what the rules are for your situation, so please check what applies to you before you buy.

Step 1: pick an exchange from the SC's register

The Securities Commission Malaysia (SC) publishes a list of registered digital asset exchanges, also called DAX operators. As at 20 July 2026 the list named five: HATA Digital, Luno Malaysia, MX Global, SINEGY DAX and Kinetic DAX. The SC asks the public to check its lists before dealing with an exchange, and says entities it has not approved must stop operating and return investors' money.

The list changes, so open the SC's page yourself rather than relying on this one or on an advert. Then check two things on the exchange you are considering: whether it lists USDT at all, and which networks it supports for withdrawing it. Not every exchange offers every coin or every network. If yours does not sell USDT, you can buy Bitcoin (BTC) or Ethereum (ETH) instead, which we also accept.

People often search for whether crypto or USDT is legal in Malaysia. We can't answer that for you. What we can point to is the public record: Bank Negara Malaysia said in 2014 that Bitcoin is not legal tender in Malaysia, and the SC regulates and registers the exchanges above. For anything beyond that, ask the SC or a professional adviser.

Step 2: open and verify your account

Registered exchanges have to know who their customers are. Expect to give your MyKad or passport details, take a selfie and sometimes answer questions about your income and the source of your funds. Verification can take minutes or a few days.

Use the exchange's official app or website only. Search adverts and links in messages are a common route to look-alike sites.

Step 3: deposit ringgit and buy USDT

Most exchanges let you deposit ringgit by online bank transfer from an account in your own name. Once the ringgit arrives, buy USDT (or BTC or ETH). Before you confirm, look at the final amount after the trading fee and the spread, which is the difference between the buying and selling price. An "instant buy" button is often more expensive than placing an order, so compare the total in ringgit, not just the price shown.

USDT is a stablecoin designed to track the US dollar, so the amount the recipient gets stays close to what you intended. If you want to know what your gift is worth in ringgit, the exchange shows the USDT to MYR rate before you buy.

Step 4: get a one-time address and withdraw

Buying is half the job. To give the USDT, you withdraw it from the exchange:

• On our donate page, choose USDT and a network (Tron TRC-20, Ethereum ERC-20 or Solana SPL) to get a one-time address for your gift. Take it only from our website.
• On the exchange's withdrawal screen, choose exactly the same network. A Tron address starts with T and takes TRC-20 only. Coins sent on a network we don't list for that address may be lost permanently.
• Compare the withdrawal fee for each network your exchange offers. It can differ a lot, and TRC-20 is often among the cheaper ones.
• For a larger gift, send a small test first and check that it arrives.
• Keep the transaction ID and send it to us if you'd like us to confirm your gift.

What it costs

There are four layers of cost: the exchange's trading fee and spread when you buy, the exchange's withdrawal fee when you send, the network fee, and 1% to our payment processor, CryptAPI, which creates the one-time address and forwards the gift to our wallet. We do not add a fee of our own. Our guide to sending USDT on TRC-20 explains network fees, and TRC-20 vs ERC-20 compares the two most common networks.

P2P sellers and "agents": the risks

Searches for Malaysia USDT P2P are common, and many people buy from individuals through peer-to-peer markets, WhatsApp or Telegram instead of an exchange. Be careful. You are trusting a stranger to deliver, and the ringgit you send goes to a personal bank account. If that account is later linked to fraud, your own account can be caught up in the investigation.

If you do deal with an individual, check their bank account or phone number on the police Semak Mule portal first, never pay someone who contacts you out of the blue, and never send crypto to an address someone gives you in a chat for a "Gaza fund". If you are scammed, call your bank at once and the National Scam Response Centre on 997. Our guide to avoiding crypto donation scams covers the common tricks.

Tax and Zakat

Gifts to us are not tax-deductible in Malaysia: we do not publish a charity registration there or claim LHDN approval. If a deduction matters to you, the Ministry of Foreign Affairs states that donations to its Palestinian humanitarian trust account (AAKRP) qualify under section 44(6) of the Income Tax Act 1967.

Zakat in Malaysia is administered by each state's religious council, and only Zakat paid through the state religious authority counts for the zakat rebate. We are not an amil appointed by any state council, so we don't ask Malaysian donors for Zakat; please ask your state zakat centre before giving Zakat to any organisation outside that system. Sadaqah can be given to us at any time. Our page for donors in Malaysia and the Malay page Sedekah untuk Gaza explain more.

If you're not ready to buy crypto

That is fine. Many Malaysian NGOs and the government's AAKRP fund accept ringgit by bank transfer. Our guide to Malaysian NGOs helping Gaza describes several, and the Malay page on derma Palestin yang sah explains how to check any fund before you give. For a general walk-through of crypto giving, see how to donate crypto to Gaza and how to buy USDT.