Summary: CIMB Clicks does not directly offer cryptocurrency investing services through its online banking platform. This means that investors in Malaysia will need to sign up to a licensed and regulated trading platform to transfer MYR from their bank account to start buying crypto.
If you are looking to get started quickly, we recommend the Bybit platform. They offer instant and cheap MYR deposits from CIMB Bank accounts to trade over 400 cryptocurrencies with low fees.
- Instant Malaysian Ringgit (MYR) deposits via bank transfer or debit/credit card.
- Buy and sell 700+ cryptos with futures and spot trading.
- NFT Marketplace, IDO Launchpad & other features.
Can I Buy Bitcoin with CIMB?
CIMB Clicks enables its users to trade Malaysian Ringgit (MYR) into Bitcoin, Ethereum, and several other cryptocurrencies. This has been made possible through reliable cryptocurrency exchanges in Malaysia and compliance with the regulations laid out by Bank Negara Malaysia. CIMB Clicks urges customers interested in cryptocurrencies to use a Bank Negara Malaysia-compliant platform that maintains a distinguished reputation within Malaysia, permitting smooth transactions using their CIMB Clicks accounts.
How to Buy Crypto or Bitcoin with CIMB Clicks
The easiest way to invest in digital assets with a CIMB Bank or CIMB Clicks account is through the Bybit trading platform. They offer instant IBG/Duit bank transfers and debit card or credit card deposits from CIMB Bank accounts. Their exchange allows Malaysian investors to buy and sell over 400 cryptocurrencies in their Spot of Futures trading markets.
The 4 step guide below outlines how to buy Ethereum as an example with CIMB on Bybit:
- Open an account: Sign up to Bybit with your e-mail address and verify your email.
- Deposit Funds: Go to 'Buy Crypto' tab, pick a deposit method and send funds to Bybit from CIMB Clicks
- Find Ethereum: In the search bar, type in Ethereum and click 'Ethereum/ETH'.
- Buy ETH: Input the amount of MYR/RM you want to invest and click 'Buy ETH'.
Is CIMB Clicks Crypto Friendly?
CIMB Clicks imposes no restrictive banking policies that prevent customers from handling cryptocurrencies, allowing users in Malaysia and elsewhere to confidently transact digital assets. Yet, customers transferring Malaysian Ringgit to international crypto exchanges, like Huobi or Binance, should be careful as CIMB Clicks retains the right to suspend suspicious funds. For a secure and trustworthy trading experience, users are advised to engage with Bank Negara Malaysia-approved platforms.
About CIMB Bank and CIMB Clicks
CIMB Bank is a leading bank in Malaysia with a strong presence in ASEAN. The bank has over 16,000 employees and offers a comprehensive range of financial products and services to more than 10 million customers. CIMB Clicks is the bank's award-winning online banking platform that allows customers to perform transactions and manage their finances conveniently and securely.
The platform provides a suite of features such as bill payment, fund transfer, balance checker, and many others. CIMB Clicks is available on both desktop and mobile devices, making it one of the most accessible online banking platforms in Malaysia.
Final Thoughts
In conclusion, it is indeed possible to buy Bitcoin and other cryptocurrencies using CIMB Clicks. The Bybit trading platform, in particular, offers a seamless experience for CIMB Bank account holders looking to invest in over 400 digital assets, including Bitcoin and Ethereum. While CIMB Clicks does not impose any strict policies against handling cryptocurrencies, users are advised to transact on Bank Negara Malaysia-compliant platforms to ensure secure and legitimate trading. As always, being cautious with international exchanges is recommended due to the potential for fund suspensions if activities are deemed suspicious.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
