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How to Buy Crypto with Askari Bank in Pakistan

Last updated on November 12, 2023

Quick Summary: While Askari Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Pakistan cryptocurrency exchanges to pick from, but we suggest using the Binance.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

Askari Bank Homepage

As mentioned in my quick summary, like most Pakistan banks, Askari Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform and comes with regulations and extra work for the banks.

There are a large number of cryptocurrency exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using Binance as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Askari Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto exchange

As mentioned above, I’ll be using Binance for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With Binance

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For Binance there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Askari Bank.

Buy Crypto With Binance

About Askari Bank

Askari Bank was incorporated in Pakistan on the 9th of October 1991, and was a public limited company. It was officially launched in April of 1992 and is mostly involved in the field of banking as specified by the Banking Companies Ordinance, 1962. The Bank is listed on the Pakistan Stock Exchange (earlier it was listed on the Karachi, Lahore and Islamabad Stock Exchanges).

Since its inception the bank has focused on growth, focusing on improving the quality of service, investing in technology and its employees using its extensive branch network that comprises Islamic and agriculture banking.

Corporate Social Responsibility (CSR) is an integral aspect of their business. To fulfill their CSR goals, they try to increase public awareness through encouraging growth of communities and development by sponsoring social service activities, helping the environment, education and sports and also contributing to social-cultural initiatives.

Askari Bank has 560 branches across Pakistan and an account with a wholesale bank in Bahrain.