Summary: Public Bank doesn't directly support cryptocurrency trading or investing within its range of banking services. However, Malaysian investors can transfer funds from their Public Bank accounts or cards to an external cryptocurrency exchange, thereby enabling them to deposit in Malaysian Ringgit (MYR).
We endorse Bybit for this purpose as it permits instant and complimentary MYR deposits for Public Bank customers. With its global presence, Bybit is a premier platform for trading cryptocurrency and boasts a vibrant community of over 18 million users across 180 countries. It supports multiple languages, including Malay, and offers a diverse selection of more than 770 cryptocurrencies and highly competitive fees.
- Instant Malaysian Ringgit (MYR) deposits from Public Bank via Bank Transfer, Debit Card or Credit Card.
- Buy, sell and trade 770+ Cryptocurrencies for low fees via Spot and Futures trading.
- Regulated and trusted exchange with over 18 million users.
Can I Buy Bitcoin with Public Bank?
Certainly, Public Bank facilitates its customers to make transfers using Malaysian Ringgit (MYR) to accredited digital currency exchanges in Malaysia. It should be highlighted that Public Bank doesn't provide direct services for purchasing or trading cryptocurrencies. To ensure safe trading, clients should use a registered exchange under Malaysian jurisdiction or a similar regulatory body in Asia.
How to Buy Crypto with Public Bank
The best and most affordable way to invest in cryptocurrencies with Public Bank is by transferring funds to Bybit and converting them directly for digital assets like Ethereum. Public Bank users can deposit MYR to Bybit using various methods, including bank transfers, Maybank, Touch n Go, and credit cards. Offering over 770 digital currencies, Bybit is a trusted platform for traders throughout Malaysia and Southeast Asia.
Here's a simple 4-step guide to get started:
- Sign Up: Create an account on Bybit and finish the verification procedure.
- Deposit into Your Account: Choose One-Click Buy, select the fiat currency you plan to deposit (e.g., MYR), and pick the cryptocurrency you wish to purchase.
- Execute Transfer: Tranfser funds from Public Bank using a method of your preference.
- Buy Crypto: Click 'Buy', and the cryptocurrencies will be promptly credited to your account.
Public Bank Cryptocurrency Policy
Public Bank adopts a forward-thinking yet cautious approach toward digital assets. It permits customers to delve into cryptocurrencies via exchanges approved by the Central Bank of Malaysia or equivalent regulatory authorities in Asia, such as the Monetary Authority of Singapore or the Hong Kong Securities and Futures Commission.
However, the bank may freeze transactions to trading platforms that are unregulated and deemed risky. This is why it’s vital to use a digital asset exchange regulated and licensed to operate in Malaysia and Asia.
What is Public Bank?
Public Bank is a leading Malaysian banking group that provides a wide range of financial products and services. In operation since 1966, the bank's main objective is to meet the financial needs of its clientele with a focus on retail consumers and small to medium enterprises (SMEs). The bank's offerings span personal banking solutions such as savings accounts, personal loans, and credit cards to business banking solutions like trade financing and SME loans.
Recognized for its dedication to customer service, Public Bank has established a strong reputation for dependability, trustworthiness, and competitive product offerings. The bank's growth trajectory over the years illustrates its focus on adaptability and customer-centric services.
To recap, while Public Bank may not directly offer cryptocurrency services, it does enable its customers to interact with the world of digital currency through reliable platforms. Our team of experts has identified Bybit as the best option for Malaysian investors as it provides free MYR deposits, low fees, diverse selection of assets, a simple interface and multiple order types. This partnership allows Public Bank customers to safely and efficiently explore a broad spectrum of digital assets, addressing the increasing demand for crypto investments.