How to Buy Crypto with Maybank

Can I Buy Bitcoin with Maybank?

Yes, Maybank allows its customers to invest in cryptocurrencies like Bitcoin and Ethereum. The bank facilitates transfers to Malaysian cryptocurrency exchanges regulated by the Malaysian Securities Commission (SC). Customers can use MYR for transactions through various payment methods, including local bank transfers and debit cards. 

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How to Buy Crypto with Maybank

Maybank customers can easily invest in cryptocurrencies by using regulated exchanges. Our recommended platform is Bybit, which is known for its global regulatory compliance and diverse collection of 1,200 digital assets. It supports free MYR deposits through various payment methods, including bank transfers, Touch n’ Go, credit cards, Apple Pay and Google Pay.

To purchase crypto using Maybank on Bybit, follow these steps:

1. Create an Account: Start by visiting the Bybit website and signing up for a new account.
2. Deposit Funds: Once your account is verified, navigate to the 'Buy Crypto' section. Choose your preferred deposit method and add funds in MYR.
3. Select Asset: Select the token you wish to buy and ensure MYR is set as your deposit currency.‍
4. Complete Trade: Enter the amount you want to invest, review the details, and execute the trade.

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What are the Fees?

Being aware of the fees associated with cryptocurrency exchanges is essential to manage your investment costs effectively. These fees generally include charges for deposits, trading, and withdrawals. Typically, trading fees can range from 1% to 2% across various platforms.

For Maybank customers, Bybit is an excellent option due to its favorable fee structure. Bybit charges a low fee of 0.1% for spot trading and a maker/taker rebate of 0.02%/0.06% for futures. It also offers free deposits for transactions in Malaysian Ringgit (MYR) through local bank transfers and debit cards.

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Is Maybank Crypto-Friendly?

Yes, Maybank supports cryptocurrency investments, allowing customers to purchase digital assets through exchanges officially verified by the Malaysian Securities Commission (SC). The bank operates within Malaysia's regulatory framework, ensuring compliance with local authorities such as Bank Negara Malaysia.

In Malaysia, digital currency activities are subject to regulatory oversight, including adherence to stringent Anti-Money Laundering (AML) standards. Maybank integrates these regulations into its operations, providing a secure and compliant environment for digital currency transactions. The bank also regularly publishes articles on digital assets to help educate its customers.

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About Maybank

Maybank, officially known as Malayan Banking Berhad, is one of Southeast Asia's leading financial institutions, renowned for its comprehensive banking services. It offers a range of products such as Maybank2u for online banking, Maybank Premier for premium banking services, and Maybank Islamic for Shariah-compliant financial solutions, catering to its diverse customer needs.

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Bottom Line

In conclusion, Maybank account holders can buy cryptocurrencies while complying with Malaysian regulations by using regulated trading platforms. By partnering with Bybit, Malaysian investors can access a wide range of 1,200 digital assets, benefit from competitive fees, get free MYR deposits, and enjoy robust security measures.