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How to Buy Crypto with Alliance Bank Malaysia Berhad

Last updated on November 12, 2023

Quick Summary: While Alliance Bank Malaysia Berhad 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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Alliance Bank Malaysia Berhad Homepage

As mentioned in my quick summary, like most Malaysia banks, Alliance Bank Malaysia Berhad 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.

There are a large number of cryptocurrency exchanges that you can use 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 Alliance Bank

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 crypto

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 Alliance Bank Malaysia Berhad.

Buy Crypto With eToro

About Alliance Bank Malaysia Berhad

Alliance Bank Malaysia Berhad and its subsidiary, Alliance Islamic Bank Berhad offers financial and banking solutions for its consumers SME, corporate commercial, Islamic banking and stockbroking business. The Bank gives the convenience of accessing its large client base throughout the country through a variety of delivery channels, which include retail branches and privilege Banking Centers Business Centres, Investment Bank branches, Mobile and Internet banking.

Alliance Bank Malaysia Berhad (88103-W) is an innovative, integrated banking company that provides end-to-end solutions for financial and banking through its commercial banking Islamic bank, and investment stocks and brokerage businesses serving the financial sector for the last five decades.

The group of banks includes the supply of services in the financial sector through three three main subsidiary companies, Alliance Bank Malaysia Berhad (88103-W), Alliance Investment Bank Berhad (21605-D) and Alliance Islamic Bank Berhad (776882-V). It offers an easy access to its vast client base throughout the country through a variety of distribution channels, including the retail branch, Privilege Banking Centres, Islamic Banking Centres, Business Centres, Investment Bank branches and direct marketing office locations throughout the country, and the mobile as well as Internet banking.

Alliance Bank is a member of PIDM.