Crypto has gained a lot of attention nowadays. Challenge the traditional money and banking system. Pakistanis are eager to learn about Crypto Trading on Binance in Pakistan, From Signup to Your First Trade for profitable investments or seamless remittance transfers.
Binance, the largest cryptocurrency exchange globally, dominates the Pakistan market due to its Simple, easy-to-use features. The Government of Pakistan has also considered adopting cryptocurrency for future reserves. But crypto is not yet fully legalized. Buying crypto assets directly is restricted. You need to rely on P2P (Peer-to-Peer) Transactions mostly. Binance offers a secure platform for buying and selling cryptocurrency assets.
In this guide, you’ll learn:
- How to create a Binance account in Pakistan.
- Secure P2P trading methods.
- Buying Cryptocurrency using PKR.
Why Binance Dominates the Pakistan Market.
Pakistan Crypto Council works with the Binance founder on the future adoption of cryptocurrency. Nowadays, Binance has become the go-to platform for crypto users in Pakistan. Reasons why the exchange became number one among users.
- Beginner-friendly interface and offers a variety of options for experienced traders.
- Access to hundreds of cryptocurrencies.
- Low Fees.
- Local Payment Integration, like Easy Paisa, Jazz Cash, and local banks.
How to create a Binance account in Pakistan.
Binance’s user-friendly interface allows you to create an account within a few minutes. Lets Start
Step 1: Create an Account
Step 2: Complete Your Verification (KYC)
Tips: Upload a Clear Selfie. Sometimes it does not verify. Plz resubmit again. It takes a few hours to verify the account.
Step 3: Deposit Funds
Buy With PKR ( Pakistani Rupee )
Don’t worry, Binance holds funds and, after verification, releases them into your account if the seller does not verify the transaction.
How to Trade on Binance
After depositing funds in the form of USDT or other crypto coins. Now able to trade on Binance.
Here is a Basic way to do that
- Go to Trade –> Select Spot
- Select Pair like ( BTC/USDT )
- Enter the amount
- Select the market order to instantly buy coin at the market price. You can also set a limit order ( Selective price at which you want to buy ), click confirm
You successfully take your first trade.
For Crypto trading, an In-depth, Simple Guide: Read:
Crypto Trading Strategies:
Quick Tips for New Crypto Users / Investors
Before diving into Crypto. Here are the quick tips. You must know about.
- Crypto is a risky investment. Help you make a huge amount of money if you invest wisely with proper risk management strategies.
- You may lose all your funds. Invest only if you are ready to lose. That will not affect your personal life.
- Before invest. learn about crypto more and practice your trade on TradingView.
- Never share your account details with anyone.
- Always use 2 Factor Authentication for Security.
Is Crypto legal in Pakistan?
No, crypto is not fully regulated in Pakistan yet. But Binance is not banned in Pakistan. People use Binance widely. Use funds to buy and sell crypto assets wisely.
Did I need a VPN
No, the Binance website and app work fine in Pakistan without a VPN.
Can I withdraw money in PKR ( Pakistani Rupee ) in Local banks or wallets
Yes, you can withdraw money by using the P2P method into your Easypaisa, Jazzcash, and local bank accounts.