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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.
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
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.
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%.
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:
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.
There are three main types of Bitcoin wallet and all of them are supported in Pakistan:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.