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How to Buy Crypto with Soneri Bank in Pakistan

Last updated on November 12, 2023

Quick Summary: While Soneri 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.

Soneri Bank Homepage

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

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 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 Soneri Bank.

Buy Crypto With Binance

About Soneri Bank

It is Soneri Bank Limited is a Pakistani bank that is headquartered located in Karachi, Sindh, Pakistan. The headquarters of the bank are located inside the PNSC Building. It is a medium-sized bank that has more than 400 branches across the country. Soneri Bank started its operation in 1992.

Soneri Bank provides Pakistani customers with a variety of banking products and services that retail that include savings accounts, current accounts SME funding, the Ikhtiar Account, Asaan account, Basic bank account, Sahara account, Rupee term account, foreign currency account, real time gross settlement, youngster minor savings account Safe deposit lockers financial services for consumers, Wealth management, Agricultural financing consumer finance, pensioners account, Bancassurance, deposit lockers electronic banking, as well as Alerts via SMS.

Soneri Bank offers the businessmen and entrepreneurs Corporate and Investment Banking based on their company’s needs and the required funds. In this respect, Soneri Bank offers investment services in banking including cash management, supply chain financing as well as working capital financing as well as long-term finance.

Soneri Bank also provides Islamic banking, where all customer’s banking requirements are met with Shariah-compliant services.