• Home
  • /
  • Banks
  • /
  • How to Buy Crypto with RHB Bank in Malaysia

How to Buy Crypto with RHB Bank in Malaysia

Last updated on December 4, 2023

Quick Summary: While RHB 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.

5/5

11,029 5-star reviews on Trustpilot

RHB Bank Homepage

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

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 RHB

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 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 RHB Bank.

Buy Crypto With eToro

About RHB Bank

RHB Bank Berhad (MYX: 1066) is an Malaysian bank with its headquarters at Kuala Lumpur and founded in 1994. It is among the biggest bank in Malaysia.

RHB Bank has over 180 branches across Malaysia and offers a variety of banking services and products for small and large businesses, individuals and corporate clients. RHB Bank is one of the few banks in Malaysia which offers Islamic banking services and products. These services are offered by its affiliate, RHB Islamic Bank Berhad. RHB Islamic Bank has a extensive network of branches and ATMs across Malaysia and offers a wide range of banking services and products which are in line in accordance with Shariah principles.

RHB Bank has been listed on Bursa Malaysia exchange and has market capitalization of RM24.77 billion in August 2022.

RHB provides Wealth Management, insurance hiring purchase cards, and non-secured loans along with secured loans.