Centralized Exchanges · Review
TorumPay Review 2026: A Planned Crypto-to-Ringgit Exchange
TorumPay is a Malaysian crypto-to-ringgit exchange with transfers and a payment card planned. Its apps and key features are marked as coming soon, and its fee details are not published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Torum
TorumPay is aimed at Malaysian users who want to trade major cryptocurrencies against Ringgit and may later want transfers or a payment card in the same service. Its clearest strengths are its stated support for four assets, mandatory KYC and stated provisional registration. The main caveat is timing: the mobile apps and several core features are marked as coming soon, leaving current availability uncertain. TorumPay also does not publish detailed fees, custody arrangements or audit information on its homepage.
Score breakdown
How Torum scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Torum?
TorumPay presents itself as a Malaysian digital-asset platform for buying and selling crypto with Ringgit. Its homepage lists Bitcoin, Ethereum, XRP and Solana, and says users must complete KYC to access trading and upcoming financial features.
The platform also describes crypto transfers between contacts and a card for Ringgit spending, including DuitNow QR payments. The Android and iOS apps, card and several other features are marked as coming soon, so the extent of currently available service is unclear.
TorumPay says it is a provisionally registered digital asset exchange operator under the supervision of Malaysia’s Securities Commission. It does not publish detailed trading fees, limits, custody arrangements or audit information on its homepage.
How Torum works
TorumPay describes itself as a Malaysian digital-asset exchange where users can trade Bitcoin, Ethereum, XRP and Solana against Ringgit. Users must complete KYC to access trading. For bank withdrawals or merchant spending, the platform says crypto must first be converted into Ringgit.
The platform also advertises transfers between contacts and a payment card for spending Ringgit, including DuitNow QR payments. These and the Android and iOS apps are marked as coming soon, so the advertised features should not be assumed to be available now.
4 features
Key features
01
Crypto trading
The platform says users will be able to buy and sell Bitcoin, Ethereum, XRP and Solana using Ringgit. App availability is still marked as coming soon.
02
Ringgit conversion
TorumPay describes conversion between crypto and Ringgit, including conversion before withdrawing funds to a bank account. The exact withdrawal process is not detailed.
03
Crypto transfers
The planned app is intended to support sending and receiving crypto among contacts, including QR-code transfers.
04
Planned payment card
TorumPay advertises a card for Ringgit spending, with virtual contactless payments, DuitNow QR payments and a complimentary physical card after application and subscription. These features are marked as coming soon.
Pros and cons
What we like
- Names four cryptocurrencies that users are intended to trade against Ringgit.
- States that KYC is mandatory rather than leaving verification requirements unclear.
- Plans to combine crypto trading, transfers and merchant payments in one platform.
- States a provisional registration status and identifies the Malaysian regulator it says supervises it.
Watch out for
- The Android and iOS apps are marked as coming soon, so it is unclear whether customers can trade yet.
- TorumPay describes its registration as provisional; this is not the same as a full licence.
- A detailed fee schedule and transaction limits are not published on the homepage.
- The platform does not explain how customer assets are held or identify any security audits.
- The payment card and several advertised features are still in development.
Torum fees
TorumPay advertises transparent pricing, says there are no hidden fees and promotes low rates, but it does not publish a detailed fee schedule or specific rates on the homepage. It also lists a Fees & Limits section; check there or in the app when it becomes available before trading, transferring or applying for a card.
Is Torum safe?
TorumPay describes itself as a provisionally registered digital asset exchange operator under the supervision of Malaysia’s Securities Commission. Provisional registration should not be confused with a full licence, and users should verify the platform’s current regulatory status before depositing funds.
The homepage does not describe its custody arrangements, publish independent security audits or disclose a security track record. It also does not provide detailed fees and limits. The apps and card features are marked as coming soon, so check what is actually available and review current terms before using the service.
6 steps
How to get started with Torum
- 1
Check whether TorumPay’s mobile app and trading service have launched; both app listings are marked as coming soon.
- 2
If the service is available, create an account through TorumPay’s app.
- 3
Complete the mandatory KYC process to access trading and financial features.
- 4
Review the current fees, limits, supported assets and terms before depositing or trading.
- 5
Buy or sell a supported cryptocurrency against Ringgit if trading is available.
- 6
Convert crypto to Ringgit before using a bank withdrawal or the planned card features.
Who Torum is for
TorumPay may suit Malaysian users looking for a locally oriented way to buy or sell major cryptocurrencies against Ringgit, especially if its planned transfers and card features launch. It is less suited to anyone needing a clearly documented fee schedule, established app availability or published details about custody and security before choosing a platform.
Torum FAQs
Is TorumPay licensed in Malaysia?
TorumPay says it is a provisionally registered digital asset exchange operator under the supervision of Malaysia’s Securities Commission. That describes its stated status; it should not be read as confirmation of a full licence.
Does TorumPay require KYC?
Yes. TorumPay says users must complete KYC to access trading and upcoming financial features. The exact identity documents and verification process are not detailed on the homepage.
Which cryptocurrencies does TorumPay support?
TorumPay says users can buy and sell Bitcoin, Ethereum, XRP and Solana with Malaysian ringgit. The Android and iOS apps are currently marked as coming soon, so availability of trading is unclear.
Can I spend crypto with a TorumPay card?
TorumPay says crypto must first be converted to Ringgit before users can withdraw to a bank account or spend with the planned card. Card features, including DuitNow QR payments, are marked as coming soon.
What fees does TorumPay charge?
TorumPay advertises transparent pricing and says it has no hidden fees, but a detailed fee schedule and limits are not published on the homepage. Check the platform’s Fees & Limits information before trading or transferring funds.
Compare
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How we checked
Sources
No public sources were recorded for this review.
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