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How to Buy Crypto with Samba Bank in Pakistan

Last updated on November 12, 2023

Quick Summary: While Samba 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.

Samba Bank Homepage

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

Buy Crypto With Binance

About Samba Bank

Samba Bank Limited Pakistan is a majority-owned company to Samba Financial Group of Saudi Arabia. Samba Financial Group currently holds 84.51 percent of Samba Bank Limited.

Samba Bank Limited’s mission is to establish itself as an iconic brand in Pakistan by winning customers’ business through top-quality service and new products. They’re focused on building a complete corporate, consumer investment banking, the capital market franchise.

At present, they are looking to expand their offerings and services to the business, consumer, investment banking and global market.

Samba Financial Group SJSC, was formerly called The Saudi American Bank, the parent company of Samba Bank Limited Pakistan, was a Saudi multinational banking company with its headquarters within Saudi Arabia. The institution was comprised of more than 66 branches throughout the Kingdom.

Samba or the Saudi American Bank in the way it was then named, was founded on the 12th of February, 1980. It was created following the acquisition of Citibank branches located in Jeddah and Riyadh as per an Saudi rule that required the foreign banking sector to at least 60 percent owned by Saudi citizens. Citigroup signed the Technical Management Agreement under which it was able to manage this new institution. Shaukat Aziz, the former prime minister of Pakistan, Shaukat Aziz, was the managing director of the bank during the 1990s.

Samba joined with NCB to create Saudi National Bank on 1 April 2021.