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How to Buy Crypto with Public Bank Berhad in Malaysia

Last updated on January 11, 2024

Quick Summary: While Public Bank Berhad 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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Public Bank Berhad Homepage

As mentioned in my quick summary, like most Malaysia banks, Public Bank Berhad 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 exchanges to pick from that allow you 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 Public Bank

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 Public Bank Berhad.

Buy Crypto With eToro

About Public Bank Berhad

Public Bank Berhad is a bank located within Kuala Lumpur, Malaysia, providing financial services in Malaysia and in the Asia-Pacific region.
The bank was established in the year 1966 in 1966 by Teh Hong Piow, who was the director at that time for Malayan Banking. It was listed on Malaysian Stock Exchange in 1967.

Public Bank is currently one of the biggest banking institutions within Southeast Asia, with over RM 363.76 billion (US$91.26 billion) of assets and RM71.90 billion (US$18.04 billion) in market capitalization as of 2015.

Public Bank is the largest bank in Malaysia by shareholder funds. It’s second-largest by market capitalization, just after Maybank and third largest in total assets, just behind Maybank as well as CIMB.

Public Bank currently offers a wide range of financial products and services, including commercial and personal banking Islamic bank, investing banking and share broking. It also offers nominee services, trustee services, management and sale of units trust funds, bankassurance, and all general insurance offerings. Public Bank’s business model is based on the growth of the retail banking industry, with a particular focus on consumers who are retail as well as small and medium-sized enterprises (“SMEs”).