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How to Buy Crypto with Agrobank in Malaysia

Last updated on November 12, 2023

Quick Summary: While Agrobank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Malaysia cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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Agrobank Homepage

As mentioned in my quick summary, like most Malaysia banks, Agrobank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange and comes with regulations and extra work for the banks.

Thankfully there are many cryptocurrency exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Agrobank

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency exchange

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Agrobank.

Buy Crypto With eToro

About Agrobank

Agrobank is an Malaysian government-owned Bank that is under the supervision by the Minister of Finance Incorporated, established in 1969, with a focus on the agriculture sector. The bank’s funding of the agriculture sector is governed by a set of guidelines formulated in MAFI. Ministry of Agriculture and Food Industries (MAFI).

As an DFI (Development Financial Institution) focused on the development of the agriculture sector of Malaysia, Agrobank aims to combine its commercial and development roles to help the agricultural sector. Agrobank offers a full agricultural financing solution which includes upstream activities like the provision of agricultural inputs and production equipment to downstream processes such as the processing and selling of agricultural products to the consumer.

With over 50 years experience in the field, Agrobank has been actively developing the development of agriculture in the country across eight (8) areas it serves with 184 branches providing products and services in the fields of micro, commercial, and corporate finance, as well as personal financing, trade finance electronic banking, deposits and services.

As of July 1, 2015, Agrobank has become a fully-fledged Islamic bank.