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How to buy Bitcoin In Pakistan

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The Pakistani government takes an interest in the cryptocurrency market. Strict governmental regulations make buying Bitcoin from global exchanges difficult. This article discusses how to buy Bitcoin in Pakistan through an exchange or broker. 

Best Platforms To Buy Bitcoin In Pakistan: 

  1. Binance P2P Trading Platform: Best Secure Method To Buy/Sell Crypto In Pakistan 
  1. Paxful: Best Beginner-Friendly Exchange For Pakistani Traders 
  1. LocalBitcoins.com: Best P2P Marketplace For Traders At All levels
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1BinanceTop choice for traders looking for asset diversity4.3 / 5Best Secure Method To Buy/Sell Crypto In PakistanOfficial website
#2PaxfulOffers many payment methods and secure transactions4.6 / 5Best Beginner-Friendly Exchange For Pakistani TradersOfficial website
#3LocalBitcoins.comSafe platforms and premium account security4.8 / 5Best P2P Marketplace For Traders At All levelsOfficial website

Best Platforms To Buy Bitcoin In Pakistan In Overview: 

01. Binance P2P Trading Platform: Best Secure Method To Buy/Sell Crypto In Pakistan

binance-logo

Binance is one of the most successful exchanges on the globe. It offers many currencies and 100+ trading pairs. It is a top choice for traders looking for asset diversity. 

Pakistani traders use the Binance P2P trading platform to buy/sell crypto. A P2P platform represents a peer-to-peer trading method. Buyers and sellers communicate with each other in real-time. Binance is a third party in this situation and keeps all transactions secure with an escrow system. 


02. Paxful: Best Beginner-Friendly Exchange For Pakistani Traders

paxful-logo

Paxful is a trustworthy crypto exchange with a smooth UI. It makes it easier for users to buy/sell Bitcoin in Pakistan. It is a peer-to-peer platform that offers a digital wallet to store digital assets. 

This online marketplace enables Pakistani traders to meet online and trade BTC. It offers many payment methods and secure transactions. It has a competitive fee structure and access to many crypto coins, including BTC and ETH. 


03. LocalBitcoins.com: Best P2P Marketplace For Traders At All Levels

local-bitcoins-logo

LocalBitcoins.com is a popular P2P marketplace in Pakistan. It is a reliable Bitcoin exchange with safe platforms and premium account security. 

LocalBitcoins.com offers access to a global marketplace. It is a simple way to trade Bitcoin in Pakistan. LocalBitcoins.com has a reputation system to help traders discover trustworthy customers. 


What Is The Status Of Cryptocurrency In Pakistan? 

Cryptocurrency is not illegal in Pakistan, but there is uncertainty as some regulations affect the cryptocurrency industry. Many industry leaders state that the country aims to access the benefits of crypto trading. The crypto potential in Pakistan is impressive, which is why useful regulation will soon appear. 

Traders who want to legally trade crypto in Pakistan must use a reliable exchange. There are many crypto exchanges and marketplaces available to Pakistani traders. Binance is the largest exchange in the world, followed by Coinbase and Kraken. 

How To Buy Bitcoin In Pakistan 

It is legal to buy Bitcoin in Pakistan with a secure platform. You need to choose the right P2P marketplace for the best online trading experience. 

1. Open A Crypto Account With A Marketplace 

The first step you need to take is to open a trading account. The best way to buy Bitcoin is through the Binance P2P Trading platform. It offers safe services for Pakistani residents and access to storage in e-wallets. 

2. Verify Your Identify 

Most marketplaces available in Pakistan request a copy of your ID and proof of address. These requests are necessary to comply with KYC (Know Your Customer) requirements. 

3. Fund Your Account 

To deposit funds to your account, you’ll have to select a payment method. Exchanges make you input your bank account. Debit/credit cards aren’t available for Pakistani traders. Local banks have restricted these transactions. 

4. Buy Bitcoin 

After funding your account, you will be able to place an order for BTC. There are many order types available depending on your trading skills and knowledge. Read our in-depth reviews to learn more about crypto trading and investing opportunities. 

5. Store Bitcoin In Your E-Wallet 

The best way to store digital assets is in an e-wallet. Make sure only you have access to your funds with a private key. Most Bitcoin trading platforms offer e-wallets for their customers. 

FAQ 

How To Buy Bitcoin In Pakistan? 

The best approach to avoid crypto scams in Pakistan is to use trustworthy crypto buying and selling platforms. Binance is a good choice, as it offers multiple options for traders to invest in crypto with fiat currency.

Is Bitcoin Legal In Pakistan? 

There are strict rules against digital currencies in Pakistan’s banking laws. These rules are why it isn’t possible to buy them directly from a global exchange. Pakistani traders have the opportunity to legally invest in BTC with a P2P platform. Read our in-depth reviews to learn more about crypto trading, safety, and regulations.

How To Open A Cryptocurrency Account On A Marketplace? 

Crypto marketplaces offer access to online trading accounts. Traders must submit proof of identity. This verification process includes checking your identity with a third-party app or submitting a copy of your ID.

Is It Safe To Invest In Bitcoin? 

If you trade Bitcoin with a secure platform, it is a safe investment option. A popular choice for Bitcoin trading in Pakistan is with the Binance P2P marketplace.

Should You Invest In Bitcoin? 

Bitcoin is a popular digital coin with traders at all levels. It is best to learn more about crypto trading before buying digital assets. Our in-depth reviews offer insights into cryptocurrency trading.

Will Bitcoin Guarantee Me Returns? 

Bitcoin is a volatile asset that might rise or drop based on market fluctuations. Only invest in cryptocurrencies if you have the necessary funds. Check our reviews for more information on Bitcoin trading and risks.

What Is The Price Of BTC In Pakistan? 

The current Bitcoin price in Pakistan Rupee (PKR) is 10,120,653.54 PKR. Our in-depth reviews offer more information on Bitcoin trading, fees, and market caps.

What Is The Simplest Way To Set Up A BTC Wallet? 

The steps to follow to create a digital wallet are to:
1. Choose a P2P trading platform to buy/sell crypto; 
2. Select a hot wallet if you want to hold small to medium amounts; 
3. Select a cold wallet for long-term purposes. 


Related:
How To Buy Bitcoin in UAE and Dubai
How to Buy Bitcoin in Saudi Arabia

Methodology 

Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. 

Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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