How to Buy Crypto with OCBC Bank Malaysia

Last updated on November 12, 2023

Quick Summary: While OCBC 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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OCBC Bank Malaysia Homepage

As mentioned in my quick summary, like most Malaysia banks, OCBC 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 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 OCBC

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 OCBC Bank Malaysia.

Buy Crypto With eToro

About OCBC Bank Malaysia

Oversea Chinese Banking Corporation, Limited (Chinese: Hua Qiao Yin Xing Gong Si ; pinyin: Huaqiao Yinhang Youxian Gongsi) is often referred to in the industry as OCBC Bank (Chinese: Hua Qiao Yin Xing and pinyin: Huaqiao Yinhang), is an Singaporean multinational financial and banking services company headquartered at OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 it was the Chinese Commercial Bank Limited (incorporated in 1912) and Ho Hong Bank Limited (incorporated in 1912), Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Banking Limited (incorporated in 1919).

OCBC Bank has assets of over S$521.3 billion and is the second-largest lender of its kind in Southeast Asia by assets and among the largest institutions in Asia-Pacific. It is also among the most highly-rated banks in the world that has an Aa1 grade from Moody’s and an AArating from Standard & Poor’s.

OCBC Bank is consistently ranked as one of the best five “safest banks in the world” by the publication Global Finance. According to the Asian Banker named OCBC Bank Singapore’s top bank in 2018-2019, and as the fifth-strongest in Asia-Pacific. The bank’s global network has expanded to encompass over 570 branches as well as representative offices across more than 18 regions and countries.

They include more than the 320 branches and offices located in Indonesia under the subsidiary Bank OCBC NISP, and more than 100 branches and offices across Hong Kong, China and Macao under the umbrella of OCBC Wing Hang Bank. OCBC Bank was awarded World’s Best Bank (Asia-Pacific) in 2019 by Global Finance Magazine.