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How to Buy Crypto with Standard Chartered Pakistan

Last updated on November 12, 2023

Quick Summary: While Standard Chartered 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.

Standard Chartered Pakistan Homepage

As mentioned in my quick summary, like most Pakistan banks, Standard Chartered 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.

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 Standard Chartered

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 Standard Chartered Pakistan.

Buy Crypto With Binance

About Standard Chartered Pakistan

Standard Chartered Pakistan is a Pakistani financial and banking services provider located in Pakistan which is also a wholly owned subsidiary of the British multi-national Bank Standard Chartered.

It is Pakistan’s most prestigious and largest commercial bank for foreigners. It employs more than 2,200 employees in its 40 branches located in 10 cities in Pakistan.

The story of Standard Chartered in Pakistan dates to 1863, the year that it was the Chartered Bank of India, Australia and China first began operation in Karachi.

in 2006 Standard Chartered Bank acquired Pakistan’s Union Bank. The 30th of December, the year 2006 Standard Chartered merged Union Bank with its affiliate, Standard Chartered Bank (Pakistan) to form the sixth largest bank in Pakistan.

The Banks caters to Retail as well as Corporate as well as Institutional Banking customers. Retail Banking provides credit cards mortgages, personal mortgages, loans, deposit taking, and wealth management services to the individual. Corporate as well as Institutional Banking provides clients with services related to transactionsal banking, trade finance and lending, securities services including foreign exchange, debt capital markets, corporate finance and capital markets. It also provides a full range of Islamic banking solutions under the Standard Chartered Saadiq brand.