How to Buy Crypto with UOB Malaysia

Last updated on November 12, 2023

Quick Summary: While UOB 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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UOB Malaysia Homepage

As mentioned in my quick summary, like most Malaysia banks, UOB Malaysia doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange 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 UOB

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 UOB Malaysia.

Buy Crypto With eToro

About UOB Malaysia

United Overseas Bank Limited (simplified Chinese: Da Hua Yin the Xing You Xiangong Si; traditional Chinese: Da Hua Yin Da Hua Xing You Xiangong Si; pinyin: Dahua Yinhang Youxian-Gongsi; Peh-oe Ji Tai-hoa Gun-hang, Iu-han Kong-si) commonly referred to by the name UOB which is actually a Singaporean multinational bank with its headquarters in Singapore with branches located in all Southeast Asian countries.

The bank was established in 1935 under the name of United Chinese Bank by Sarawak businessman Chew Teck Weng The bank was set in conjunction with the Chinese-born businessmen. The bank is the 3rd most important bank within Southeast Asia by total assets.

UOB offers corporate and commercial banking, bank services and private, and asset management along with corporate finance and venture capital, investment and insurance services. UOB has 68 branches in Singapore and more than 500 branches in the 19 nations and regions across Asia Pacific, Western Europe and North America.