How to Buy Crypto with CIMB Clicks

Can I Buy Bitcoin with CIMB?

Yes, while CIMB Clicks doesn’t directly offer crypto trading, it allows customers to buy Bitcoin by transferring funds to approved Malaysian digital asset platforms. Your chosen exchange must be regulated by the Securities Commission Malaysia (SC) for compliance. You can deposit MYR into these exchanges through CIMB, simplifying the process.

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How to Buy Crypto with CIMB Clicks

Malaysian investors who want to buy cryptocurrencies using CIMB Clicks can do so through approved platforms. Bybit operates in compliance with Malaysian regulations. It provides access to more than 1,300 digital currencies, supporting both trading and staking, which allows users to enhance their returns with various order types.

Follow this guide to begin your crypto investment journey with CIMB Clicks:

1. Register: Visit the Bybit website and create a new account. Complete the registration by filling in the required information and verifying your identity.
2. Select Payment Method: After your account is verified, navigate to the 'Buy Crypto' section. Select your deposit currency and choose a payment method.
3. Choose Your Crypto: Browse the platform to find the cryptocurrency you want to purchase.‍
4. Finish Purchase: Enter the amount you wish to invest, review the order details, and complete the transaction to acquire your selected token.

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What are the Fees?

When converting traditional currencies like MYR or USD to cryptocurrencies on a digital currency exchange, you'll encounter various fees, including those for deposits, withdrawals, and trading. Generally, trading fees on cryptocurrency platforms fall within the 1% to 2% range.

Bybit is the best option for CIMB Clicks users, offering a competitive fee structure that benefits its users. For spot trading, the platform charges a 0.1% fee, with even lower rates for futures trading, 0.02% for makers and 0.06% for takers. It also does not impose any fees for MYR deposits made through debit cards and other methods.

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Is CIMB Clicks Crypto-Friendly?

Yes, CIMB is a crypto-friendly bank, allowing customers to invest in digital assets through regulated exchanges that comply with Malaysian regulations. The bank supports MYR transfers to cryptocurrency trading platforms approved by the Securities Commission Malaysia (SC).

Customers can use CIMB Clicks to transfer funds seamlessly to these compliant exchanges. While CIMB Bank does not directly offer crypto investment services, its integration with regulated platforms ensures a secure way to invest in cryptocurrencies using MYR. The bank has also collaborated with the blockchain company Ripple to power its online transactions.

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About CIMB Clicks

CIMB Clicks is an online banking platform offered by CIMB Bank, providing users with a convenient way to manage their finances digitally. Through CIMB Clicks, customers can perform a wide range of banking activities, such as checking account balances, transferring funds, paying bills, and managing investments, all from their computer or mobile device.

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Bottom Line

In conclusion, CIMB Clicks allows Malaysian investors to purchase cryptocurrencies like Bitcoin and Ethereum by transferring funds to regulated exchanges. By choosing a compliant platform like Bybit, users can confidently engage in crypto trading, taking advantage of competitive fees and a wide selection of digital currencies to trade in a secure environment.