How To Buy Bitcoin In Pakistan
Pakistan is a great place to begin due to the developing community and market around Cryptocurrency.
Multiple people in Pakistan look for Bitcoin. Firstly, people asked, “How to buy bitcoin in Pakistan?”, Secondly, they searched for multiple, “Digital Currencies Wallets”. Thirdly, they looked for “How they can trade Bitcoins in Pakistan”.
At the stated time of writing, one Bitcoin value is 1,573,417.22 PKR. Bitcoin value increased ten times, whatever it was a year before. This increase in value, making it an attractive selection for investors.
How To Buy Bitcoin In Pakistan
There are lots of methods to buy Bitcoin in Pakistan, and each has its advantages and disadvantages.
As a beginner, buy Bitcoins as a Contract for Difference (CFD), or buy from an exchange. For purchase Bitcoin, PKR only accepted with some exchanges.
In Pakistan, the usage of bitcoin is increasing day by day, and it called the home to multiple Bitcoin ATMs.
Here Are Some Of The Best Exchanges To Buy Bitcoin In Pakistan.
CEX.IO
| Rating | ★★★★★ |
| Website | https://cex.io/ |
| CEO | Oleksandr Lutskevych |
| Headquarters: | London, United Kingdom |
| Founders: | Oleksandr Lutskevych, Dmytro Kalynovskyi, Victoria Polyakova, Peter Ivanov |
CEX.IO is a multifunctional cryptocurrency exchange, founded in, 2013. It is entrusted by and used over 3 million clients worldwide, seamlessly. A multiple level account system has developed by this exchange with unique access for each customer, of Bitcoin freshers to institutional dealers.
CEX.IO claims, Multi payment options like Debit Card, SEPA (Bank Transfer), SWIFT, and Credit Card with 24/7 support and time-proven platform stability that assures the security of assets and data.
CEX.IO takes deposits in USD, EUR, GBP, and RUB.
Advantages:
- It is well established and secure as its high in Privacy.
- It is a trustworthy Bitcoin exchange as Reputation is Excellent.
- It is supported worldwide as it has developed its multilevel account system.
- It fees are low.
- It has High Limits.
- It easily order from a credit card.
- It has a clean user interface.
Disadvantages.
- It verified after providing private information.
- Its verification is lengthy and time taken.
ETORO
| Rating: | ★★★★★ |
| Website: | www.Etoro.com |
| CEO: | Yoni Assia |
| Headquarters: | London, United Kingdom |
| Founders: | David Ring, Ronen Assia, Yoni Assia |
The world’s supervising social trader Etoro, established in 2007. It is a multiple asset platform that deals in both, investing in stocks and cryptocurrencies, including selling CFD assets.
Keep that in mind that CFD is a complicated instrument and arises with a high risk of losing money immediately because of supremacy. Trading with CFDs, 75% of local investor reports of losing money.
It’s up to you, whether you understand how CFDs work or you can afford to get a high risk regarding losing your money.
Etoro is a novel and resourceful trading platform, where you can buy or sell stocks, ETFs, currencies, cryptocurrencies, and assets.
The payments possibly made through Online BankTransfer, WireTransfer, China Union Pay, Electronic Wallets(like Neteller, PayPal, Yandex), or Credit/ Debit Card, and the least deposit value is $50.
Customers can withdraw their funds from the Etoro account without fees from your bank, whenever they want.
Etoro takes deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.
Advantages.
- It has a novel and resourceful trading platform.
- It has a diverse variety of markets.
- Its reputation is excellent.
- It has a user-friendly interface.
- It has excellent customer support.
- Its fees are Low.
- It is high in privacy.
- It is high in limits.
Disadvantages.
- Bitcoins can only withdraw through approved currency as it has only one account-based currency.
- Its money withdrawal process is slow.
- It has high Forex fees.
COINMAMA
| Rating | ★★★★★ |
| Website: | www.coinmama.com |
| CEO: | Asaph Schulman |
| Headquarters: | Israel |
| Founders: | Asaph Schulman, Nimrod Gruber, Martin Koelbaek, Guy Ben-Yossef, Yaki Oliel |
CoinMama, established in 2013, is an advanced cryptocurrency brokerage company. It permits its clients to purchase various types of cryptocurrencies by their credit cards.
Its reputation is excellent as it attends above 2M clients in across 188 countries. Its user verification and transactions are super quick (it takes about 30 minutes), due to it’s mainly focused customer experience and customer service.
Being a Fresher, Coinmama is an attractive choice for purchasing your first Bitcoin.
Its service allows it’s clients to purchase Bitcoin and additional cryptocurrencies efficiently and quickly with their credit/ debit card or Bank transfer. This service made Coinmama, one of the most attractive exchange in the world.
It allows transaction by USD, EUR and also accept all local currencies.
Advantages.
- It is a reputable platform.
- It is the most popular exchange in the world.
- It is available worldwide, as it serves above 2 million clients in above 188 countries.
- Its reputation is excellent.
- It has high purchasing limits.
- It provides a Dependable and trustworthy exchange platform.
- Its customer support and leadership is appreciatable.
- It gives its clients a super fast and secure transaction service.
- It user verification process is quick.
- It allows transactions in all local currencies.
Disadvantages.
- It charges high fees while buying with a credit/ debit card (because brokerage services are expensive).
- It has a delay in its processing time.
Coinmama is giving continuous efforts to overcome its fees as much as feasible.
Kraken
| Rating: | ★★★★★ |
| Website: | www.karaken.com |
| CEO: | Jesse Powell |
| Headquarters: | San Francisco, California |
| Founders: | Jesse Powell |
Kraken, established in 2011, is the world’s largest and the oldest Digital Asset Exchange concerning both total capacity and liquidity. As a funding process, it allows all types of bank or wire transfer. This platform is rated the most secure and reliable digital asset exchange.
Among millions of active users, strategic financers on board, and an international market, Kraken, combines Coinbase and Binance to convert the big three cryptocurrency exchanges within the global market.
Kraken allows deposits: USD, CHF EUR, GBP, CAD, and JPY.
Payment methods include: Electronic Funds Transfer, Bank/ Wire Transfer (SEPA).
Advantages.
- Its reputation is excellent.
- It provides Global support to its clients.
- It deals with digital assets and overall currencies.
- It has a safe and dependable customer support.
- It has a Tiered verifying method.
- It provide services on affordable fees.
- This platform is Secure and Reliable.
Disadvantages.
- It has few repayment methods.
- It is refined User Interface, at any time.
Paxful
| Rating | ★★★★★ |
| Website: | www.paxful.com |
| CEO: | Ray Youssef |
| Headquarters: | New York, New York |
| Founders: | Ray Youssef, Artur Schaback |
Paxful, founded in 2015, is a man to man bitcoin platform, where both buyers and sellers correlated for business. It supports above 300 payment modes.
It permits buyers and sellers to communicate via posting trade proposals. By their escrow system, and 24/7 customer support make it more secure and reliable.
Users can decide to make buying by PayPal, MoneyGram, Amazon/iTunes gift cards, and many other payment methods.
Advantages.
- Its reputation is excellent.
- It provide Escrow system.
- Its privacy is high, so the platform is secure and reliable.
- It makes trading very easy and dispute free.
- It gives the users full command over their money.
- It has different payment methods.
- It has a simple (UI) user interface.
- It has a wide variety of traders/ sellers.
- It charged low fees.
- It purchased limits is high.
Disadvantages.
- Both buyers and sellers are at chance of being conned.
LocalBitcoins
| Rating: | ★★★★★ |
| Website: | www.localbitcoins.com |
| CEO: | Sebastian Sonntag |
| Headquarters: | Helsinki, Finland |
| Founders: | Nicholas Kangas, Jeremias Kangas |
LocalBitcoins, established in 2012, works as a regionalized exchange. It is encouraging P2P (person-to-person) Bitcoin deals via empowering users to list their own buy/sell ad. It allows their users of diverse countries can interchange their local currency to bitcoins.
Advantages.
- It provides a platform to trade openly, and Escrow shield is automatically activated.
- It gives its businesspeople the ability to generate proposals in all currencies.
- It is available in all countries of the world.
- It has a different range of buyers and sellers.
- It Carries many payment modes.
- Buyers can receive their bitcoins quickly.
- It provides a private space to users.
- Its reputation is excellent.
Disadvantages.
- It lack of cryptocurrency difference.
- Both buyers and sellers are at chance of being conned.
Bitsquare
| Rating: | ★★★★★ |
| Website: | www.bitsquare.com |
| CEO: | Manfred Karrer |
| Headquarters: | Barcelona, Catalonia, Spain |
| Founders: | Manfred Karrer |
Bitsquare, founded in 2014, is a P2P exchange that lets it’s users to trade their bitcoins and exchange those to other fiat currencies and altcoins.
If the user values his security as a dealer, then Bitsquare is the ideal bitcoin trading platform mainly.
Its users can trade bitcoin by all local currencies.
Advantage.
- It has a respectable and excellent reputation.
- It is supported worldwide.
- There is no registration required for this platform.
- Its Privacy is high, and this platform is secure and reliable.
- It is perfect for advanced dealers.
- Its fees are low.
- It buying limit is high.
Disadvantage.
- It has fewer payment modes.
- It is not suitable for freshers.
Bitcoin ATM
| Rating: | ★★★★★ |
| Website: | www.bitcoinatm.com |
| CEO: | Matthew Hayes |
| Headquarters: | Bulgaria |
| Founders: | Matthew Hayes |
BitcoinATM found in 2014. There is a BitcoinATM in every area of the globe. For purchasing the bitcoins, you need to look over the BitcoinATM map on Coin ATM Radar to see if there is one near you.
Advantages.
- It is easily approachable.
- It is Convenient for all over the globe.
- It is Joy to use, because you can find your required trader.
- It provides its user, a physical newsstand with payment slip and customer service.
- Its reputation is Great.
Disadvantages.
- Long-distance to go to find a trader.
- It takes higher fees than other exchanges.
- Its privacy is weak and less secure.
Cash, Bank Account, Debit/ Credit card, Amazon gift card, and PayPal are the several successful payment methods a client can use to get bitcoin.
Customers can buy bitcoins from the exchange, in the major cities (such as Karachi, Lahore, Faisalabad, Rawalpindi, Multan, Hyderabad, Gujranwala, Peshawar, Rahim Yar Khan, Quetta, Muzaffarabad, Battagram, Kotli, Islamabad, Bahawalpur, Sargodha, Sialkot, Sukkur, Larkana, Shekhupura, Bhimbar, Jhang Sadr, Gujrat, and Mardan) of Pakistan.
From all the information above, to purchase Bitcoins in Pakistan, CEX. IO is the essential and most successful exchange. The User-verification method on CEX.IO is quite lengthy. It verified after providing private information, which means CEX.IO can’t compromise on Security. It is one of the most secure and reliable exchanges around the globe.
