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How to Buy Crypto with Habib Bank in Pakistan

Last updated on November 12, 2023

Quick Summary: While Habib 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.

Habib Bank Homepage

As mentioned in my quick summary, like most Pakistan banks, Habib Bank 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.

Thankfully there are many cryptocurrency exchanges to pick from that allow you 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 HBL

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 Habib Bank.

Buy Crypto With Binance

About Habib Bank

HBL the country’s largest bank is the very first bank that was commercial established in Pakistan in 1947. Through the decades, HBL has grown its branch network, and has maintained its status as the biggest commercial bank of the private sector in Pakistan with more than 1,650 branches and over 2,100 ATMs across the globe, catering to 27 million customers around the world.

The Bank is a renowned commercial bank with full-service. The main areas of operations include Branch Banking, Corporate & Investment Banking, Treasury, SME & Rural Banking, Financial Institutions & Global Trade Services, Transaction Banking and Islamic Banking.

Branch Banking is the core business of the Bank which positions HBL as the leading retailer bank within Pakistan serving every market segment. HBL Corporate & Investment Banking Group is a top service provider to local and multinational corporate clients across the nation. The Bank also has the biggest Treasury operational activities across Pakistan and plays a significant part in the Pakistani market.

As the top financial institution in Pakistan, HBL is at the forefront of initiatives to develop, which include the growth of priority sectors , and focusing on the population that is not banking in Pakistan. As the top financial institution in Pakistan, HBL remains committed to its goal that financial integration is accessible to all sections of society. The Bank has already played an active role in the promotion of financial inclusion by implementing initiatives like that of the Ehsaas Kafalat Program and facilitating access for women to the financial market.