How to Buy Crypto with HSBC Bank Malaysia

Last updated on November 12, 2023

Quick Summary: While HSBC Bank Malaysia 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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HSBC Bank Malaysia Homepage

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

Thankfully there are many cryptocurrency 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 Hsbc Malaysia

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

1. Pick a crypto 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 HSBC Bank Malaysia.

Buy Crypto With eToro

About HSBC Bank Malaysia

HSBC Bank Malaysia Berhad was registered locally in Malaysia on the 1st of October 1984. It’s part of the HSBC Group and is a 100% own subsidiary company that is part of HSBC Holdings plc, headquartered in London.

The Group is home to around 39 million customers around the world with offices in more than 66 countries and territories across Europe as well as the Asia-Pacific region as well as the Americas as well as in the Americas, Middle East and Africa. In Malaysia, HSBC Bank Malaysia Berhad serves customers through an extensive network of more than 60 branches across the country, of which approximately a third are branches of the Islamic Banking subsidiary, HSBC Amanah Malaysia Berhad.

HSBC Bank Malaysia is the largest foreign-owned bank in Malaysia in terms of assets, and provides a wide variety of commercial and personal banking services through branches as well as direct channels. Additionally, HSBC has been offering Islamic financial services in Malaysia since the beginning of August 2006 through its Islamic bank affiliate HSBC Amanah Malaysia Berhad. Malaysia.

Hongkong Bank Malaysia Berhad was founded on October 1, 1984. The 1st of January, 1994 was the date that Hongkong Bank Malaysia Berhad was established. Malaysian Branch operations for The Hongkong and Shanghai Banking Corporation were consolidated before being transferred over to Hongkong Bank Malaysia. Hongkong Bank Malaysia was established in 1994.

Hongkong as well as the Shanghai Banking Corporation sold its Malaysian banking operations into the intermediary holding corporation of HSBC Group at the time however the bank has an offshore branch located in Labuan. In the following years, as part of the HSBC Group’s global rebranding effort it was officially named HSBC Bank Malaysia Berhad came into being adopted on the 23rd of February, 1999. The bank became a affiliate of The Hongkong and Shanghai Banking Corporation from 1 January 2009 following the reorganization within the HSBC Group.