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How to Buy Crypto with National Bank of Pakistan

Last updated on November 12, 2023

Quick Summary: While National Bank of Pakistan 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.

National Bank of Pakistan Homepage

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

There are a large number of cryptocurrency 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 National Bank Of Pakistan

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 National Bank of Pakistan.

Buy Crypto With Binance

About National Bank of Pakistan

National Bank of Pakistan (NBP) (nyshnl bynkh and pkhstn) is an Pakistani commercial bank owned by the government that is a subsidiary of the State Bank of Pakistan. Its headquarters are at Karachi, Pakistan. In September 2020 the company had 1,511 branches throughout Pakistan with assets of around $20.2 billion. 20.2 billion.

The bank offers a variety of bank services for the public and commercial sector, such as the market for debt-equity corporate investment banking, consumer and retail banking agriculture financing, Treasury services. In the year 2020 it was declared a as a domestic significant bank that is systemically important (D-SIB) through the State Bank of Pakistan.

Numerous initiatives have been undertaken for example, institution restructuring, modifications to the field structure, the policies and procedures, internal control systems with a particular focus on corporate governance, the adoption of Capital Adequacy Standards under Basel III framework, and in the upgrade to the IT infrastructure, and in the development of human resources.

National Bank of Pakistan has established a branch network that includes 1450 branches across Pakistan and is present in major international business centres. It has Bank also has representatives at Beijing, Tashkent, Chicago and Toronto . It has arrangements for agency that have more than 3000 correspondent banks in the world.