Top Crypto Exchanges in Pakistan
After assessing the leading 50 cryptocurrency exchanges for investors residing in Pakistan, we have identified the top five options. Our evaluation approach considered on several vital factors, including PKR deposit methods, the diversity of accessible assets, overall platform security, user-friendliness, fees, and more. Based on this analysis, we have assembled a ranking of the Best Five Crypto Exchanges in Pakistan.
Binance is the largest and most popular cryptocurrency exchange worldwide. It has gained a reputation for being the top choice in Pakistan due to its user-friendly interface, vast selection of cryptocurrencies, and low transaction fees. The platform offers robust security measures, protecting users' funds and sensitive data. With a comprehensive suite of trading tools and features, Binance caters to both beginners and experienced traders, making it an ideal choice for Pakistani investors seeking a reliable, all-in-one solution for their cryptocurrency trading needs.
- Fees: Spot trading is 0.1% fee and derivatives are maker/taker fees at 0.02%/0.04%. Deposit and withdrawal fees range from 0.5% to 1.8%.
- Supported Cryptocurrencies: 350+ Cryptocurrencies.
- Regulation & Licensing: Binance is regulated and licensed in Pakistan.
- Customer Support: Binance provides 24/7 Urdu-speaking customer support through live chat, email, and an online ticketing system for its users in Pakistan.
- PKR Deposit Methods: Bank Transfers, Raast, Meezan Bank & United Bank Limited.
Bybit has earned its place as the second-best cryptocurrency exchange in Pakistan, primarily due to its non-KYC (Know Your Customer) feature, which allows users to trade without providing extensive personal information. This appeals to investors who prioritize privacy and anonymity. Bybit offers a user-friendly and intuitive trading platform that supports various order types and offers up to 100x leverage for more experienced traders. Its reliable customer support, wide variety of features and competitive trading fees also contribute to its growing popularity in the Pakistani market.
- Fees: No deposit and withdrawal fees, with a 0% fee for spot markets (limited time offer, with a normal rate of 0.1%) and 0.01%/0.06% for maker/taker rebates.
- Supported Cryptocurrencies: 400+ Cryptocurrencies.
- Regulation & Licensing: Regulated in Seychelles.
- Customer Support: Bybit provides 24/7 support via live chat, email, ticketing system, phone, and online communities.
- PKR Deposit Methods: Bank transfer, Debit Card, Credit Card, Google Pay & Maestro.
OKX ranks third in Pakistan for its focus on catering to institutional investors. The platform offers advanced trading tools, various cryptocurrencies, and competitive trading fees. It supports trading instruments, such as futures, options, and margin trading, providing institutional clients with more flexibility and risk management options. It also provides OTC desk services. OKX's commitment to security and compliance and its comprehensive API services make it an attractive option for Pakistani institutional investors seeking a trusted and reliable platform.
- Fees: 0% for makers and 0.2% for takers. Flat 0.1% fee for instant spot trading.
- Supported Cryptocurrencies: 300+ cryptocurrencies.
- Regulation & Licensing: Regulated by VARA (Dubai) and SFC (Hong Kong). No direct regulatory approvals in Pakistan.
- Customer Support: OKX provides 24/7 through live chat, email, Discord, Twitter, and more.
- PKR Deposit Methods: Credit or Debit Card.
Gate.io occupies the fourth spot among cryptocurrency exchanges in Pakistan, thanks to its extensive selection of digital assets. The platform offers access to a diverse range of cryptocurrencies, including lesser-known and emerging tokens like memecoins and dog coins, which enable Pakistani investors to diversify their portfolios and explore new investment opportunities. Additionally, Gate.io provides advanced trading tools, a user-friendly interface, and robust security measures to ensure a seamless and secure trading experience for its users.
- Fees: 0 deposit fees and 0.1% for spot trading.
- Supported Cryptocurrencies: 1,400+ Cryptocurrencies.
- Regulation & Licensing: Unregulated platform that does not require KYC or AML.
- Customer Support: Gate.io offers 24/7 customer support through live chat and email.
- PKR Deposit Methods: Credit or Debit Card.
KuCoin holds the fifth position in the Pakistani market due to its innovative rewards program, which incentivizes users through various methods, such as trading fee discounts, referral bonuses, and staking rewards. The platform offers a wide range of cryptocurrencies and supports numerous trading pairs, catering to the diverse needs of Pakistani investors. Its user-friendly interface, responsive customer support, and competitive trading fees make KuCoin an appealing option for those seeking a rewarding cryptocurrency trading experience.
- Fees: Deposits and withdrawals are free. The spot trading fee is 0.2%, and the futures maker/taker rebate is 0.02%/0.06%.
- Supported Cryptocurrencies: 600+ Cryptocurrencies.
- Regulation & Licensing: Unregulated, hence no KYC requirements.
- Customer Support Options: KuCoin offers 24/7 Urdu-speaking customer support via live chat, email, and through its social media communities.
- PKR Deposit Methods: Easypaisa, Credit & Debit Card.
Is Crypto Investing Legal in Pakistan?
In Pakistan, the legalization of cryptocurrency has led to a significant transformation in the financial landscape, providing new opportunities for businesses and individuals alike. Following a 2018 ban by the State Bank of Pakistan (SBP), the country's apex financial institution, the Islamabad High Court overturned the decision in 2020, citing a lack of clear regulatory frameworks.
Consequently, the government devised comprehensive regulations in 2021, including guidelines for digital asset exchanges, Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policies, and taxation laws. This robust framework has facilitated the secure and transparent use of cryptocurrencies, encouraging Pakistani investors, entrepreneurs, and fintech startups to explore the lucrative potential of digital assets.
In conclusion, using a reliable and regulated digital asset exchange is the easiest and most secure method to acquire cryptocurrencies in Pakistan. The best overall trading platform in the country is Binance thanks to its user-friendly interface, competitively low fees, a wide range of useful services and products, Urdu-speaking customer service and Urdu language support on the platform. If you’re interested in learning more about this platform, visit our detailed Binance Review.