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How to Buy Crypto with Hong Leong Bank in Malaysia

Last updated on November 17, 2023

Quick Summary: While Hong Leong Bank 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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Hong Leong Bank Homepage

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

Thankfully there are many crypto trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Hong Leong Bank

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

1. Pick a cryptocurrency trading platform

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 Hong Leong Bank.

Buy Crypto With eToro

About Hong Leong Bank

Hong Leong Bank began its operations in 1905 in Kuching, Sarawak, under the name of Kwong Lee Mortgage & Remittance Company. The company offered loans based on securities of commodities exported to the world like rubber, pepper and many other indigenous goods. The company also offered the service of sending money from foreign Chinese and their relatives living in China’s Southeast part of China.

The bank offers financial services and banking services including personal, car, and property loans, payment products shares financing, investments and insurance, in addition to transfers and deposits to small and large businesses and individuals.

Principal business operations include the offering of banking solutions including loan and deposit services that cover business current accounts and interest-bearing auto-sweep, and fixed deposit and financing options that range from asset acquisition to working capital, and capital market structures, which are suitable for SME, commercial, and corporate customers. HLB is also a specialist in providing services for transaction banking, including cash management as well as trade financing and other services.

Hong Leong Islamic Bank (HLISB) has announced the world’s first digital investment account that is restricted to investors, Portfolio Investment Account (PIA-i). HLISB stated that it has collaborated together with Hong Leong Islamic Asset Management (HLISAM) to create the PIA-i account to give customers the chance and the ability to invest in Shariah-compliant trust funds through an online platform.