Key Takeaway: Public Bank allows customers to invest in cryptocurrencies by approving transfers to compliant exchanges but doesn't offer its own trading service.
Our analysis shows Bybit as the top choice for Public Bank clients, offering free MYR deposits, access to over 1,000 digital currencies, and services like staking, lending, and borrowing for all levels of traders.
- Instant Malaysian Ringgit (MYR) deposits from Public Bank via Bank Transfer, Debit Card or Credit Card.
- Buy, sell and trade 1000+ Cryptocurrencies for low fees on Spot and Futures markets with 25x leverage.
- Regulated and trusted exchange with over 18 million users.
Can I Buy Bitcoin with Public Bank?
Absolutely, Public Bank clients have the opportunity to invest in Bitcoin and other digital currencies through recognized crypto exchanges in Malaysia. These platforms comply with the stringent regulations of Malaysian financial authorities, ensuring a secure and transparent trading environment. The bank simplifies the process by allowing direct transfers in Malaysian Ringgit (MYR) to these platforms, making it convenient for customers to diversify their investment portfolios.
How to Buy Crypto with Public Bank
The best way for Public Bank customers to venture into digital assets is via licensed exchanges. The Bybit platform, known for its user-friendly interface and robust security measures, is highly regarded among crypto investors in Malaysia. It facilitates free MYR transactions through various payment options, including bank transfers, credit cards, debit cards, Google Pay, Apple Pay, and more, providing access to thousands of cryptocurrencies.
Here's how to start investing in crypto with Public Bank:
- Account Registration: Create an account on Bybit and complete the necessary verification.
- Funding Your Account: Select 'Deposit Funds' and select MYR as your currency.
- Selecting a Payment Method: Choose your preferred payment option to transfer funds from Public Bank.
- Buy Digital Assets: Select from a range of cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more to complete your investment.
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Public Bank Cryptocurrency Policy
Public Bank acknowledges the growing interest in crypto investments and supports its customers' engagement in online trading through trusted exchanges. The bank ensures that transactions with these platforms adhere to the guidelines of Malaysia's Securities Commission (SC) or similar international regulatory bodies. Bybit is recognized for its adherence within Malaysia and provides regular updates on asset management, ensuring that investments are handled with transparency and integrity.
Digital Asset Investing Fees
Public Bank users exploring the digital asset world must understand the importance of trading fees for optimal investing. Here is a short overview of standard fees on cryptocurrency exchanges:
- Trading Fees: Most digital currency exchanges charge a commission for crypto transactions. Bybit is recognized for its low fees of just 0.1% per transaction, providing a cheaper option for users.
- Transfer Fees: The costs of depositing funds can differ depending on the payment method. Most platforms offer free bank transfers, but credit card transactions can cost up to 2%.
- Withdrawal Costs: Fees for transferring cryptocurrencies from the platform vary depending on the token.
Public Bank clients interested in crypto asset markets find Bybit appealing for its low transaction costs and free MYR deposits. Its adherence to regulatory standards and a broad selection of investment choices effectively meet the preferences of local investors.
What is Public Bank?
Public Bank, established in 1966 by Tan Sri Dato' Sri Dr. Teh Hong Piow, is a premier banking group in Malaysia renowned for its strong financial performance and consistent growth. Focusing on consumer banking, the bank has expanded its operations to encompass various financial services, including loans, mortgages, investments, and Islamic banking, underpinned by a commitment to excellence and customer service.
The bank has earned a reputation for its prudent management, operational efficiency, and robust risk management practices, making it one of the most trusted financial institutions in the region. Its vast network of branches and digital banking services ensures comprehensive accessibility and convenience for its diverse clientele. The bank's dedication to contributing positively to its communities and steadfast adherence to ethical banking principles has solidified its position as a pillar of stability and integrity in the Asian banking landscape.
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Final Thoughts
To summarize, the best method for Public Bank customers interested in cryptocurrency is by using a secure and regulated digital asset exchange. Malaysian investors looking to align their financial goals with best practices and safe transactions can look to compliant investment platforms like Bybit, which offer lending and borrowing services and eight staking options at competitive rates. As a global exchange, it can also be used in Malay, Mandarin and English.
Dylan Matthews is the Co-Founder and head of operations at Buy Crypto Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
