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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin & Crypto in Pakistan
Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
Kraken- Great liquidity and low fees
- Supports most countries
- Trusted exchange, started in 2011
LocalBitcoins- Support for nearly every country
- Wide range of payment methods accepted
- Trusted exchange around since 2012
LocalBitcoins Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Bitcoin ATMs Buy Bitcoin
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
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Chapter 1
Bitcoin & Cryptocurrency Trading in Pakistan
Bitcoin's legal status in Pakistan has been turbulent, and local institutions - including banks, exchanges, and payment service providers - are currently banned from supporting the cryptocurrency.
The State Bank of Pakistan announced this decision in 2018 and advised that it would be flagging any cryptocurrency-related transactions as suspicious and reporting them to the Financial Monitoring Unit.
In light of this, Pakistan's main cryptocurrency exchange Urdubit shut down.
But the situation for Bitcoin enthusiasts in Pakistan is not quite as dire as it may appear.
The Securities and Exchange Commission of Pakistan (SECP) released a paper in November 2020 outlining the need for a new approach to digital asset regulation in the country.
Praising the "astounding benefits" of distributed-ledger technology (DLT), the SECP examined regulatory frameworks in other countries and called for a new approach in Pakistan.
The need to develop a policy and regulatory response to Digital Assets in Pakistan is driven by the following:
i. Digital assets are a form of innovation that may impact the financial sector of the country;
ii. Digital assets do not fit within the current regulatory framework;
iii. Digital assets may create conditions for regulatory arbitrage while posing risks; and
iv. Increasing interest, investment and participation in Digital Assets.
The paper outlines two possible approaches:
- Regulating and restricting digital assets according to existing regulation, which may include the outright banning of certain assets
- A more laissez-faire approach, where the dynamic nature of the financial system is recognized and authorities are careful not to stifle inonovation
Luckily for Bitcoin investors in Pakistan, the SECP makes it clear that they are prioritizing the second approach.
This opens the door for a much less restrictive treatment of cryptocurrencies in Pakistan.
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Chapter 2
Top Bitcoin & Cryptocurrency Exchanges in Pakistan
- Popular Exchanges to Buy Bitcoin & Crypto in Pakistan
- Coinmama
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Kraken
- Great liquidity and low fees
- Supports most countries
- Trusted exchange, started in 2011
- LocalBitcoins
- Support for nearly every country
- Wide range of payment methods accepted
- Trusted exchange around since 2012
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Chapter 3
Best Bitcoin Wallets for Pakistan
There are three main types of Bitcoin wallet and all of them are supported in Pakistan:
Best for Security
Ledger Nano X
Secure storage for any cryptocurrency
Visit WebsiteThe Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Temporary Wallet
Atomic Wallet
Best for storing crypto for short period of time
Learn MoreAtomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Best for Desktop
Electrum
Simple yet powerful desktop wallet
Learn MoreElectrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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