Active

TorumPay Review 2026: Crypto-to-Ringgit Trading

TorumPay is a Malaysian crypto-to-Ringgit platform planned for buying and selling BTC, ETH, XRP, and SOL, with card and QR payments also in development. Its app and key features are marked as coming soon, and detailed fees and custody protections are not published.

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

5.0/10

Mixed

Visit Torum

Our verdict on Torum

5.0/10

TorumPay may suit Malaysian users looking for a centralized way to trade selected cryptocurrencies against Ringgit and, eventually, spend converted funds through a card or QR payments. Its clear focus on local currency conversion and contact transfers is useful. The main caveat is that the apps and several core features are still marked as coming soon, while fees, custody arrangements, and audit details are not published. Confirm the service is live and check its terms before transferring funds.

Score breakdown

How Torum scores

Security: n/a
Ease of use: 5.0/10
Fees: n/a
Features: 5.0/10

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 is a Malaysian digital asset platform focused on converting crypto to Ringgit. It lists BTC, ETH, XRP, and SOL for trading and says purchases can start at RM30. It also describes contact and QR-code transfers, bank withdrawals after conversion to Ringgit, and a card for merchant spending.

The platform says it is a provisionally registered digital asset exchange operator under the supervision of the Securities Commission Malaysia. KYC is mandatory. The Android and iOS apps, card, and several related features are marked as coming soon, so users should confirm what is currently available before planning to trade or spend.

How Torum works

TorumPay describes itself as a centralized platform for buying and selling Bitcoin, Ethereum, XRP, and Solana against Malaysian Ringgit. Users would create an account and complete mandatory KYC, then use the platform’s trading interface to exchange between supported crypto assets and Ringgit. TorumPay says trades start at RM30, but does not publish a complete fee schedule or detailed order mechanics.

4 features

Key features

Crypto and Ringgit trading

The platform lists Bitcoin, Ethereum, XRP, and Solana for buying and selling against Ringgit, with a stated minimum starting amount of RM30.

Contact and QR transfers

TorumPay describes transfers between contacts and QR-code transfers, without requiring users to handle complex wallet addresses for those transfers.

Planned crypto card

The planned card is described as supporting contactless virtual payments, DuitNow QR payments, and a complimentary physical card after application and subscription.

Ringgit conversion

Users who want to withdraw to a bank account or spend at merchants must first convert crypto into Ringgit.

Pros and cons

What we like

Supports trading against Ringgit, giving Malaysian users a direct fiat conversion focus.
Lists four established cryptocurrencies: BTC, ETH, XRP, and SOL.
States that KYC is mandatory and identifies its provisionally registered status in Malaysia.
Describes contact and QR-code transfers that avoid manually entering complex wallet addresses.

Watch out for

The Android and iOS apps, card, and several payment features are marked as coming soon, so availability is unclear.
TorumPay does not publish a detailed trading fee schedule or card pricing.
KYC is mandatory to access trading and planned financial features.
The platform does not publish audit information or detailed custody and asset-protection arrangements.

Torum fees

TorumPay claims transparent pricing and no hidden fees, but it does not publish a detailed fee schedule or card subscription price on its homepage. Check the fee information in the app or help center when those services become available; confirm applicable charges before trading or applying for a card.

Is Torum safe?

TorumPay states that it is a provisionally registered digital asset exchange operator under the supervision of the Securities Commission Malaysia. This is not the same as a claim of full registration or a guarantee against losses; verify its current status and whether the service is available to you before depositing funds.

TorumPay does not publish audit details or explain its custody and asset-protection arrangements on the homepage. Using a centralized exchange involves counterparty risk, and users may depend on the operator to safeguard assets held on the platform. KYC is mandatory. The site does not describe a security incident; absence of a published incident is not proof that the platform is risk-free.

6 steps

How to get started with Torum

1
Check whether TorumPay’s Android or iOS app is available; the homepage currently labels both as coming soon.
2
Create an account through the app when access is available.
3
Complete the mandatory KYC process to use trading and financial features.
4
Review the current fees, limits, supported assets, and withdrawal terms before funding an account.
5
If the service is available to you, choose one of the listed assets and trade it against Ringgit; the stated minimum starts at RM30.
6
Convert crypto to Ringgit before withdrawing to a bank account or using the planned card for spending.

Open Torum

Who Torum is for

TorumPay is aimed at people in Malaysia who want to buy or sell a small set of cryptocurrencies against Ringgit and may want local payment options. It is less suitable for anyone needing a currently confirmed mobile app, a published fee schedule, or detailed information about custody before deciding whether to use a platform.

Torum FAQs

Which cryptocurrencies does TorumPay support?

TorumPay lists Bitcoin, Ethereum, XRP, and Solana as the cryptocurrencies users can buy and sell with Ringgit. The homepage does not specify additional supported assets.

Does TorumPay require KYC?

Yes. TorumPay says KYC is mandatory for trading and its upcoming financial features. Details of the verification process are not published on the homepage.

Can I spend crypto directly with the TorumPay card?

TorumPay says users must convert crypto into Ringgit before withdrawing to a bank account or spending at merchants. Its planned card is intended to support spending after that conversion.

Is TorumPay licensed in Malaysia?

TorumPay says it is a provisionally registered digital asset exchange operator under the supervision of the Securities Commission Malaysia. That is the status it states; check the regulator’s current register before relying on it.

Is TorumPay available to use now?

TorumPay marks its Android and iOS apps and card features as coming soon. Check the platform’s current announcements for availability before attempting to sign up.

Compare

Torum alternatives

All alternatives

OKX

Centralized Exchanges

OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.

TVL $28.4B−0.7%Ethereum · Bitcoin · X Layer +21

Robinhood

Centralized Exchanges

Robinhood is a US brokerage app offering commission-free stocks, options, futures and custodial crypto trading for retail investors.

TVL $13.7B−3.0%Bitcoin · Ethereum · Polygon +1

Gate

Centralized Exchanges

Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.

TVL $5.84B−4.6%Ethereum · Bitcoin · BNB Chain +129

Bitget

Centralized Exchanges

Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.

TVL $5.82B−1.3%Bitcoin · Solana · Ethereum +68

Deribit

Centralized Exchanges

Deribit is a centralized crypto derivatives exchange known for Bitcoin and Ethereum options, plus futures, perpetuals and spot, aimed at active and institutiona

TVL $3.61B−4.4%Bitcoin · Ethereum · Solana +2

Backpack

Centralized Exchanges

Backpack is a crypto exchange, US stock broker and self-custody wallet offering perps, lending yield and cross-collateral margin in one app.

TVL $505M−6.0%Solana · Bitcoin · Ethereum +26

Same category

More Centralized Exchanges

Centralized Exchanges rankings

Bitvavo

Centralized Exchanges

Bitvavo is an Amsterdam-based, MiCA-authorized crypto exchange offering 400+ assets, euro deposits, staking and leverage trading for European users.

TVL $358M+16.7%Ethereum · Bitcoin · Solana +9

Crypto

Centralized Exchanges

Crypto.com is a centralized crypto exchange and app for buying, trading and spending 400+ coins, with a Visa card, staking and a separate self-custody wallet.

Cronos