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How to Buy Crypto with Bank of Khyber in Pakistan

Last updated on November 12, 2023

Quick Summary: While Bank of Khyber 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.

Bank of Khyber Homepage

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

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

Next you’ll want to sign up to an exchange (for this short guide I’ll use Binance as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Bank Of Khyber

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

1. Pick a cryptocurrency 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 cryptocurrency

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 Bank of Khyber.

Buy Crypto With Binance

About Bank of Khyber

The Bank of Khyber is a provincial government bank, owned by the Government of Khyber Pakhtunkhwa and is headquartered within Peshawar, Pakistan, with more than 216 branches throughout the nation.

The Bank of Khyber was established in 1991, as a result of an Act that was passed through the Provincial Legislative Assembly. It was granted the status of a scheduled institution on September 24, 1994. The Bank is in a unique place in the market and stands out from other banks operating in Pakistan and enjoys the privilege of being included among the only four state-owned banks within the country.

The bank has been associated with both business as well as commercial circles and is actively involved in serving the financial requirements of all industries. It has been successful in the provision of funded and non-funded facilities to customers in different business requirements.

Presently, BOK is an “A-1” commercial bank that is in operation across the nation with the network of 216 branches , and is expanding. It is also the provincial government’s primary stakeholder . Throughout the past 26+ years it has been the Bank has played an integral part in the growth of Khyber Pakhtunkhwa in particular and contributed to the development of the economy of Pakistan generally.

The bank will launch its mobile app named BOK Digital on the 15th of January, 2021.