Summary: Maybank customers are unable to purchase cryptocurrency directly through the bank. In saying that, the bank does permit its customers to transfer funds to secure cryptocurrency exchanges to buy and sell digital assets. Many reputable and safe crypto trading platforms are available in Malaysia, and selecting the right one is essential for asset security.
Our team has completed a detailed analysis of the top exchanges available to Maybank customers and concluded that Bybit is the number one choice. It offers free and instant MYR deposits to trade over 400 cryptocurrencies with low fees from 0.1%. In addition to trading crypto, Bybit also supports multiple staking options plus lending and borrowing services.
- 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 Maybank?
As previously stated, Maybank does not directly offer cryptocurrency, but its customers can trade crypto through secure digital asset exchanges in Malaysia. Selecting a trading platform that accepts the Malaysian Ringgit (MYR) as a fiat currency is important. Additionally, if you’re worried about your identity and wish to remain anonymous when trading crypto, you can use a non-KYC exchange.
How to Buy Bitcoin and Crypto with Maybank
The best and easiest way to buy cryptocurrencies like Bitcoin or Ethereum with Maybank is through the Bybit exchange. Maybank customers can deposit funds to Bybit via several payment methods, which include credit cards, debit cards, bank transfers, Touch n Go, Shopee, Google Pay & Maestro.
Malaysian investors can get started with this step-by-step guide:
- Create a free account on Bybit and complete the verification process.
- Click 'Buy Crypto', then 'One Click Buy' and select ‘MYR’ as your currency.
- Pick a deposit method that you want to deposit funds from Maybank.
- Select your desired token, input the amount you want to buy and tap ‘Buy’.
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Is Maybank Crypto-Friendly?
Maybank, a leading Southeast Asian bank, empowers its customers to invest in cryptocurrencies through collaborations with digital asset exchanges, providing a seamless and secure investment experience. Nothing is stated in the bank's terms and conditions that prohibit its customers from transferring funds to cryptocurrency trading platforms.
What is Maybank?
Maybank, officially known as Malayan Banking Berhad, is Southeast Asia's fourth-largest bank by assets, with a strong presence in Malaysia, Singapore, and Indonesia. Established in 1960, the bank has consistently expanded its footprint through various services, including retail banking, corporate banking, investment banking, Islamic banking, asset management, and insurance.
It serves its extensive customer base through a network of over 2,400 branches and offices in 20 countries, supported by robust digital platforms. Committed to sustainable growth and community development, Maybank emphasizes corporate responsibility and ethical practices, recognizing it as an industry leader in regional and international banking awards.
Final Thoughts
To sum up, Maybank supports its clients in trading cryptocurrency by allowing them to send and receive funds from digital asset exchanges. Bybit is a leading global exchange and a top choice for Malaysian investors as it doesn’t require KYC (identity verification). The platform also offers many features, including copy trading and crypto staking services.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
