Key Takeaway: CIMB doesn't offer direct crypto trading but allows fund transfers to regulated exchanges in Malaysia and across Asia.
For CIMB customers, Bybit is a top choice, offering fee-free MYR deposits, access to over 830 cryptocurrencies, competitive fees, and strong security.
- Instant MYR, THB, SGD and other currency deposits from any bank, debit card, credit card.
- Buy 830+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange in Asia with over 18 million users.
Can I Buy Bitcoin with CIMB?
Yes, CIMB customers can purchase Bitcoin and other cryptocurrencies through regulated Malaysian exchanges. These platforms operate under Bank Negara Malaysia's guidelines, ensuring that transactions are secure and compliant. CIMB advises users to use licensed exchanges for safe and efficient transfers from their bank accounts to the crypto platform.
How to Buy Crypto with CIMB
CIMB customers can easily purchase cryptocurrency through a straightforward process, thanks to Bybit’s support for Malaysian Ringgit (MYR). Bybit is well-regarded for its security and ease of use, offering access to over 830 cryptocurrencies, from Bitcoin to various altcoins.
Here’s a quick guide to buying crypto with CIMB:
- Create an Account: Sign up on Bybit.
- Deposit Funds: Go to 'Buy Crypto' on Bybit, choose 'Fiat Deposit', and select MYR.
- Select Payment Method: Deposit MYR via CIMB bank transfer or use a Malaysian debit/credit card.
- Buy Crypto: Once your funds are available, select a cryptocurrency like Bitcoin or Ethereum to finalize the purchase.
CIMB Cryptocurrency Policy
CIMB recognizes the increasing traction of cryptocurrencies and facilitates its clients' engagement in digital currency trading via esteemed exchanges. The bank assures that these transactions align with guidelines set by Malaysia's Securities Commission (SC) and equivalent global regulatory authorities, ensuring secure and dependable exchanges.
This policy empowers clients to confidently engage with internationally acclaimed and secure trading environments. CIMB's commitment to adhering to regulatory compliance in cryptocurrency dealings reflects its dedication to offering advanced financial options, prioritizing customer security and trust at all times.
Digital Asset Investing Fees
CIMB customers considering cryptocurrency investments should know transaction fees for effective investing. Here's a brief guide to common fees on digital asset platforms:
- Trading Charges: Platforms like Bybit typically impose a trading fee. Bybit, known for minimal fees, starts at only 0.1% per transaction, making it an economical choice for investors.
- Deposit Fees: The expense of depositing funds varies by method. Bybit offers complimentary transfers in Malaysian Ringgit (MYR), which benefits CIMB users.
- Withdrawal Expenses: Fees for transferring cryptocurrencies from the platform vary based on the digital currency. Bybit maintains competitive fees for major cryptocurrencies, positioning it as a viable option.
CIMB clients interested in digital assets find Bybit's low trading fees and zero-cost MYR deposits attractive. Its compliance with financial regulations and extensive range of cryptocurrencies suit the needs of local investors well.
What is CIMB?
CIMB Group, one of Southeast Asia's leading banking conglomerates, offers various financial services, including consumer banking, corporate banking, investment banking, Islamic banking, and asset management. Headquartered in Kuala Lumpur, Malaysia, CIMB has an extensive network across ASEAN countries, with significant operations in Indonesia, Singapore, Thailand, and beyond. Known for its innovative approach to banking and financial solutions, CIMB consistently strives to meet the evolving needs of its customers, blending traditional banking methods with digital advancements.
Final Thoughts
In conclusion, for CIMB customers exploring the world of cryptocurrencies, Bybit emerges as a compelling choice, blending user-friendliness, security, and affordability. Offering fee-free Malaysian Ringgit deposits and low trading fees, it provides a practical gateway to a diverse range of over 830 cryptocurrencies.
This, combined with CIMB's policy of facilitating safe cryptocurrency transactions through regulated exchanges, ensures a secure and compliant investment journey.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Crypto Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
