How To Buy BTC In Pakistan | Best Crypto Exchanges in Pakistan
These days cryptocurrency is the most discussed topic in the digital market. People all over the world are investing more and more in it and gaining much profit but Pakistanis are in a case of misfortune due to the authorities as some of the most profitable kinds of crypto are not yet legal in Pakistan. But you don’t need to worry about that because we will be leading you towards the best crypto exchanges that are open for Pakistanis as well through this article. All you need is to keep your senses active so that you don’t miss a single point that can benefit you at any stage.
The basic method to buy BTC in Pakistan is almost the same for all the exchanges, so here are a few mandatory steps for any exchange.
- Click on the register button and fill in the required fields to create an account.
- Verify your account by providing real verification documents.
- Once your account is verified you can start either buying or selling bitcoin.
Below is the list of Best crypto exchanges available in Pakistan with a brief intro about every exchange.
Binance is the world’s largest crypto exchange with millions of users all over the world. The most attractive thing about Binance is a good variety of payment methods so that you can approach crypto from every corner of the world. It is a free platform for crypto trading as there isn’t any fee required to sign in on Binance but there is a very little amount that you pay to Binance for each transaction. Binance is a 100% dependable platform to buy BTC in Pakistan.
Pros
- It is faster than any other crypto exchange
- Minimum transaction charges make it more functional
- User safety makes it a trustworthy platform
Cons
- Not verified trade partners can only under 2 BTC only
- Users reported that the system malfunctions in future trading when there is sharp movement. (Note: This feature doesn’t effect spot traders and long term holders)
Binance offers four types of payment methods (Deposit cash, deposit crypto, buy crypto with a credit card, and buy crypto from p2p marketplace) but for Pakistanis, credit card and p2p payment method are suitable as it is simple and convenient.
Using a credit card to buy bitcoin is simple because most of us are already familiar with this but a few people face problems while making payments through credit cards and there can be several reasons for that like you don’t have your online banking activated or other similar reasons. To avoid these issues we have the alternate p2p payment method where you can simply buy bitcoin from the people who are offering their rates to sell their BTC. Just search for an offer that suits you and place your order. Moreover, we are offering 5% cashback for you on each transaction if you will be using the button above.
Paxful is mainly a P2P digital exchange for trading crypto. It is a good platform for beginners who want to invest in bitcoin, Paxful helps them to connect with traders from all over the world.
It owns a good name in the list of best bitcoin exchanges in Pakistan that is not only very simple to operate but there are also several ways available through which you can make your payments without any inconvenience. All you need to do is to create and verify your account and then start looking for the offers that suit you.
Once you’re in, you can see many traders offering BTC, you can find the one that is most suitable for you. Once you have talked to the trader just make the payment, click on the “Paid” button and your bitcoins will be released in your wallet after the seller verifies your payment. Please note that the seller’s bitcoins will be locked in Paxful’s escrow during the trade, which is an assurance for the buyer.
ProsÂ
- It holds up almost 400 payment methods from different corners of the globe
- It is free for buyers
- Your crypto will be delivered to your wallet instantly
Cons
- 1% transaction fee is applicable for sellers
OKEX can be added to the list of best crypto exchanges in respect of finance, digital assets, and plenty of features. It is a reasonable platform for both active investors and those who just want to explore new ground. This one is also a professional platform for crypto trading that offers the lowest transaction fee among most of the crypto exchanges in Pakistan. If you’re looking for an alternative to Binance or Paxful, then OKEX is here for you. OKEX is much similar to Binance in trading and the number of coins. Like Binance this exchange also provides p2p trading so if you think that OKEX can be a good option for you to buy bitcoin then sign up for free and start trading.
Pros
- For the convenience of users, OXEX mobile application is also available
- It supports P2P and Paxful Loading
- No worth mentioning scams so far
Cons
- Relatively New
- No option for direct bank deposit at the moment
Local bitcoin is the world’s largest platform for bitcoin trading through peer to peer approach. This site is a good platform for those who want to invest in bitcoin only as local bitcoins are all about the trading of Bitcoins. Local bitcoin exchange is based on p2p trading where you can meet thousands of traders worldwide, offering different rates. You need to find the trader, compare rates and have a trade chat. Local bitcoin tries their maximum to keep the platform free from scammers and that’s why escrow protection is automatically being activated when you start trade chat for the safety of both seller and the buyer.
Pros
- Less trading charges as compared to other exchanges
- Wide range of payment methods
- User-friendly interface
Cons
- Extra hard verification process
- Bound to bitcoins only currently
Coinmama is a crypto exchange that helps you to buy/sell bitcoin more efficiently and faster all over the world. It carries a good reputation in the digital marketplace and till now it has maintained a good reputation.
Pros
- It is a straightforward platform to use for those who are beginners in the cryptocurrency market
- Their super-fast verification system makes it a priority
- Efficient and active customer support
Cons
- Limited Number of Assets
- The verification process often takes time in case of huge purchases
Hotbit
Hotbit carries a good name in the market but it is one of the minor exchanges that are still in the stages of establishment but the constantly increasing population on hotbit is a good sign to their worldwide recognition. HotBit is also one of the known platforms in the counter of crypto exchanges that have traded the world’s largest number of cryptocurrency projects. This makes HotBit a good option for buying bitcoin.
Pros
- One can easily get access to it from every corner of the world.
- Many New coins supported
- Hotbit contains a huge number of listed assets
Cons
- Slow customer service
- Deficiency in withdrawal and deposit options
Bitmart
Bitmart is a crypto exchange that has been continuously developing since the day it was established. Due to their fair policies and user-friendly interface people have started preferring it over other exchanges that are providing more potential to this exchange for more features. Bitmart can be considered the most trusted crypto exchange website due to its firm policies and less transaction fees.
Pros
- The trading fee is very reasonable for everyone
- Their better financial system is a good attraction
- It holds up an abundance of cryptocurrencies in the digital market
Cons
- Currently, a less preferred choice
- Comparatively New in the market
Mxc
Mxc global is an international exchange for crypto trading. Although it is now in the initial stages of development it has a huge potential to become the world’s leading crypto exchange in the future. Mxc has users in more than 70 countries of the world. Mxc has 4 payment options but the one that Pakistanis can use is a credit/debit card. P2P and crypto deposit is also possible. The most viable solution is to buy USDTs from Paxful or Binance and deposit to these exchanges.
Pros
- Adaptable for a large range of cryptocurrencies
- Trading fees are highly affordable
- Numerous payment options
Cons
- Little lag was observed during BUSDs deposit even the Bscan showed transaction completed. (But they were depositied, support was quick to help)
- Many users complaints have been noticed
KuCoin
Kucoin is best known for providing a comfortable and user-friendly interface to their users. The company was based in 2017 and gained a good name within very few years. Today every ¼ crypto trader is using kuCoin for better trading opportunities. KuCoin is a very safe crypto trading platform where you can buy or sell cryptocurrency under very easy terms. The KuCoin’s main focus is to provide their users hassle-free trading.
Pros
- 24/7 available customer support
- Minimum withdrawal and trading charges
- Wide range of alternate crypto
Cons
- Payment through bank deposit is not available
- A bit complex for newbies