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How to Buy Crypto with Maybank in Malaysia

Last updated on January 19, 2024

Quick Summary: While Maybank 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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Maybank Homepage

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

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 Maybank2U

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 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 Maybank.

Buy Crypto With eToro

About Maybank

Malayan Banking Berhad (doing business under the name Maybank) is an Malaysian universal bank with the primary operational “home markets” of Malaysia, Singapore, and Indonesia. Based on the 2010 Brand Finance report, Maybank is Malaysia’s most valuable banking brand, the fourth highest brand in all Asean nations, as well as was ranked 70th in the list of the most valued banks.

Maybank is Malaysia’s biggest bank in terms of market capitalisation and total assets, and is among the biggest bank across Southeast Asia, with total assets of US$203 billion, and a net loss of US$1.98 billion in 2019.

Maybank has also been ranked as 106th on The Banker’s Top 1000 World Banks (as at July, 2020) and 349th on the Forbes Global 2000 Leading Companies (as as of May , 2020).

Maybank is the biggest public listed company listed on Bursa Malaysia which is the Malaysian stock exchange, with a an estimated market capitalization of US$23.7 billion at the time of 31 December 2019.

Maybank’s Islamic bank, Maybank Islamic, is the biggest Islamic banking institution in ASEAN as well as Malaysia with regards to assets. It was named the 2020’s Global Islamic Bank of the Year by The Banker.

Maybank’s global network extends to the entire 10 ASEAN countries as in addition to key Asian countries as well as global financial centers, with a total of 2600 retail branches across the globe with over 43,000 employees.

Brand Finance’s Global 500 Brands: Maybank is the sole Malaysian bank, and also one of only two companies from Malaysia that were able to be listed on the highly regarded Brand Finance’s Global 500 Brands list in January of 2019. Maybank has achieved a brand value at USD $4.2 billion. That’s which is a 32% improvement over 2018’s appraisal that was USD $3.16 billion.