Can I buy cryptocurrencies on Public Bank?
No, Public Bank does not offer investment opportunities in digital assets like Ethereum or Bitcoin. This is because the bank has not acquired the appropriate licensing to operate a cryptocurrency investing feature on its platform. Not to worry, you can still buy cryptocurrencies with the funds in your Public Bank account. Simply transfer them to a secure digital asset exchange.
How to Buy Crypto with Public Bank in Malaysia
The easiest and most affordable way to purchase cryptocurrencies like Bitcoin & Ethereum with Public Bank is through the Bybit exchange. On Bybit, Public Bank account holders can deposit funds via Credit/Debit Card, Bank Transfer, Touch n Go & Maybank. Follow the below guide to buy Ethereum with Public Bank in Malaysia.
- 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 Public Bank.
- 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'.
About Public Bank Malaysia
Public Bank is one of the leading banks in Malaysia with a wide range of products and services to cater to the needs of individuals, businesses and corporations. Public Bank has a strong focus on providing quality customer service and has been consistently ranked as one of the top banks in Malaysia in terms of customer satisfaction.
The bank was founded in 1966 by Tan Sri Dato' Sri Dr Teh Hong Piow, who is also the current Chairman and Managing Director of the bank. Under his leadership, Public Bank has grown from a small local bank to one of the largest banks in Malaysia. It is also one of the few banks in Malaysia that offer Shariah-compliant banking products and services.
Is it expensive to invest in cryptocurrencies?
Bybit offers the lowest cryptocurrency investing fees globally as it offers free and instant deposits for Public Bank account holders. Additionally, it is currently holding a promotion as it has reached 10 million users, where everyone can purchase cryptocurrencies with zero fees. Meaning there is absolutely no fees to purchase crypto through Bybit.