How to Buy Crypto with AmBank in Malaysia

Last updated on November 12, 2023

Quick Summary: While AmBank 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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AmBank Homepage

As mentioned in my quick summary, like most Malaysia banks, AmBank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform 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 Ambank

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

1. Pick a crypto 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 AmBank.

Buy Crypto With eToro

About AmBank

AmBank Group comprises AMMB Holdings Berhad (AMBANK 1015) is among the largest banks in Malaysia which’s core business is wholesale banking, retail banks, Islamic banking and general and life insurance.

The Group operates under various brands that include AmBank, AmInvestment Bank, AmInvest, AmBank Islamic, AmGeneral Insurance and AmMetLife. AmBank is its primary brand, encompasses its wholesale and retail banking services and is supported by a network comprising one hundred and seventy branches as well as 766 ATMs in Malaysia (as it is stated the website).

AmBank Group was founded in 1975 under the name of Persian the Persian Malaysian Development Bank by Hussain Najadi who was the founder.

Tan Sri Azman Hashim, the current chairman of the group holds an ownership stake of 14.01 percent of AMMB Holdings as at 30 June 2014. The largest shareholder of AMMB Holdings is the Australian-based ANZ Group with a stake of 23.78 percent as of 30 June 2014. 369 In the year 2006, Amcorp’s shareholding in AMMB was decreased to 18.8 percent from 32.9 percent following it was announced that Tan Sri Azman sold 300 million shares to ANZ Group.

Domestically and internationally It is known as the bank that was the main cause of the 1MDB scandal. Its reputation has been damaged because of it.