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How to Buy Crypto with Meezan Bank in Pakistan

Last updated on November 12, 2023

Quick Summary: While Meezan 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.

Meezan Bank Homepage

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

Thankfully there are many crypto 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 Meezan Bank

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

1. Pick a cryptocurrency trading platform

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 Meezan Bank.

Buy Crypto With Binance

About Meezan Bank

Meezan Bank (Urdu: myzn bynkh) is the first Islamic bank in Pakistan and was established in 2002, following receiving the first Islamic commercial banking license through the State Bank of Pakistan. It is a Bank is headquartered in Meezan House in Karachi, Pakistan. It operates more than 890 branches.

The bank holds an market share of 35 percent of the Islamic banking sector in the nation.

The bank was established with the designation of being an Islamic investment bank in 1997. It was later renamed Al-Meezan Investment Bank.

in 2002 Meezan Bank acquired Pakistan operations of Societe Generale.

in 2014 Meezan Bank signed an agreement with HSBC Bank Middle East to purchase the HSBC’s Pakistan operations that comprise 10 branches.

The year 2015 saw Meezan Bank acquired Pakistan operations of HSBC Oman. It consists of one branch.