Summary: Maybank customers interested in digital assets can transfer Malaysian Ringgit (MYR) directly from their accounts to cryptocurrency exchanges regulated by Malaysia's Securities Commission (SC), such as Bybit or Luno.
Bybit is a globally licensed platform that accepts MYR deposits from Maybank clients. Users can trade over 1,900 cryptocurrencies across spot, futures, and options markets with leverage up to 200x.
Why Choose Bybit?
Bybit stands out for Maybank users due to its:
- Advanced security protocols
- Diverse MYR deposit options
- Extensive selection of digital assets
- Competitive trading fees
Step-by-Step Guide to Buying Crypto via Maybank
- Create an Account
Register on Bybit’s official website. - Deposit MYR
After verification, navigate to "Buy Crypto" and select your preferred deposit method (bank transfer, credit/debit card, etc.). - Select Cryptocurrency
Choose assets like BTC or ETH, ensuring MYR is the payment currency. - Execute Trade
Enter the investment amount, review details, and confirm the transaction.
👉 Explore Bybit’s low-fee trading
Maybank's Cryptocurrency Policy
- No direct crypto services for retail clients.
- Permits MYR transfers to SC-regulated exchanges.
- Credit card purchases are treated as cash advances (higher fees apply).
Blockchain Initiatives:
In May 2025, Maybank Trustees Berhad partnered with CoKeeps Sdn Bhd to develop blockchain-based asset management solutions.
Alternative Exchanges for Maybank Users
| Exchange | Supported Crypto | Fees | MYR Deposits |
|----------------|-------------------|---------------|--------------|
| OKX | 300+ | 0.1% | Yes |
| Luno | 30+ | 0.25%–1% | Bank Transfer|
| Kraken | 420+ | 0.16%–0.26% | Yes |
Key Considerations:
- Regulatory compliance (SC-approved).
- Range of supported assets.
- Deposit/withdrawal convenience.
About Maybank
Malayan Banking Berhad (Maybank) is Malaysia’s largest financial services group, operating 2,400+ branches across ASEAN. Services include:
- Retail/Corporate Banking
- Islamic Finance
- Digital Transformation (M25+ Strategy)
FAQs
Are cryptocurrency gains taxable in Malaysia?
Yes, they are subject to capital gains tax if traded frequently for profit.
Can I store crypto securely outside exchanges?
Use hardware wallets (e.g., Ledger) for offline storage.
Does Maybank allow credit card crypto purchases?
Yes, but classified as cash advances with additional fees.
Are there transfer limits from Maybank to exchanges?
Limits vary based on account type—check with Maybank directly.
Final Thoughts:
Maybank clients can safely invest in crypto via SC-regulated platforms. Prioritize exchanges with robust security and competitive fees to optimize your digital asset journey.