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How to Buy Crypto with Standard Chartered Bank Malaysia

Last updated on November 12, 2023

Quick Summary: While Standard Chartered 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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Standard Chartered Bank Malaysia Homepage

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

There are a large number of crypto 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 Standard Chartered Malaysia

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

1. Pick a crypto 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 Standard Chartered Bank Malaysia.

Buy Crypto With eToro

About Standard Chartered Bank Malaysia

Standard Chartered Malaysia has always had a great deal of pride in the honor of being Malaysia’s very first and longest-running bank. Our presence in Malaysia dates back to 1875 when they established their first branch in Beach Street, Penang.

Through time, they have been steadfastly committed to the country and its development. Locally registered in the form of Standard Chartered Bank Malaysia Berhad on February 29, 1984, they are required to be able to employ more than 8,000 people for the Malaysian operations, as well as a global shared service center Standard Chartered Global Business Services (GBS) as well as an affiliate called Price Solutions, an offshore facility located in Labuan as well as a their head office in Equatorial Plaza in the heart of Kuala Lumpur.

The Bank offers a broad selection of financial services and products such as corporate, retail and institutional banking. They serve people, small and medium-sized businesses as well as institutions and corporates.

Their Islamic bank company, Standard Chartered Saadiq, is a major player in assisting the international Islamic financial corridors. The bank was the very first financial institution to establish a global operation center in Malaysia. Along with locations located in India, China and Poland, GBS Malaysia supports the GBS Group’s operations in 59 countries around the globe, providing their customers around the world with reliable and secure banking services, using the most advanced technology.

As an institution that has expanded with the country throughout the years and has a strong obligation to facilitate and support Malaysia’s development according to their goal of promoting prosperity and commerce by their distinct variety. We have a brand pledge – Here for Good is to show the ways they can be an effective force for positive change by promoting economic activity that can have an impact on society.