Which Bank Allows Crypto Currency In Pakistan?
Buying cryptocurrency while in Pakistan can be a bit difficult for those who don't know how. However, don't worry - we will tell you how to Buy Bitcoin in Pakistan.
Major cryptocurrencies like Bitcoin, Ripple, Ethereum, or Litecoin are the ones you should be concerned with buying initially. These underlying cryptocurrencies can then be easily used to buy other popular cryptocurrencies such as Neo, Monero, EOS, Tron, Cardano, Stellar, and more.
This section will not only guide you on how to buy cryptocurrency from Pakistan, but also list the steps that can be used to buy crypto no matter where you are.
How to Buy Bitcoin in Banned/Illegal Countries:
This is a 2021 update: Our viewers have encountered a lot of problems buying Bitcoin through Coinmama or Binance while residing in countries like Pakistan where now with the new FATF regulations, credit cards from these websites are not accepted. are also blocked.
Well, don't worry - we will guide you on how you can buy Bitcoin from such countries, especially Pakistan.
The solution you are looking for is Binance P2P trade:
What is Binance P2P?
Binance P2P is a crypto trade administration offered by one of the largest crypto trades on the planet – Binance.
Basically, Binance P2P is a BTC trade that unites customers in a particular country. You can find vendors in Pakistan, India, Bangladesh or any country that has BTC, and for a small additional charge of 1-4%, they will offer you a neighborhood installment strategy. , for example, bank transfer or simple money.
Here's the thing, you'll join Binance P2P, and provide a few necessary checks, for example, your ID card/Visa (basically general KYC verifications) which they usually process on the same day. .
Then, you have to go to the "Buy Crypto" option,then select P2P Exchange and find a buyer whose price you like most. You might actually want to look at the selection of installments they accept, for example, "Nearby Bank Transfer" and that's just the tip of the iceberg. After you select them, it will start the conversion. You go to the page, request their bank details, and they tell you. You transfer money for a fixed amount of BTC (which will be shown in the total contract), and they can then request a receipt. You send the receipt, and they deliver the bitcoins.
The trustworthiness issue is eliminated by Binance P2P because they have dealer-bonded BTC or USDT (crypto) (ie Paxful holds it in their wallet in short). In the event that the trader lies and says you didn't transfer the assets, you can bring in a Binance support representative who will determine the issue. However, it's extremely rare for such issues to occur because the terrible reviews affect vendors who are genuinely doing this as a business.
Use this connection to join Paxful and get 10% off charges: Binance Join
Update October 2022: Binance is the best P2P trading and far ahead of various trading, for example, Paxful. Especially for Pakistanis, Indians, Chinese and Bangladeshis.
