Best Crypto Exchange in Pakistan | Business24-7

Page Summary

In this guide, we go over the best crypto exchanges in Pakistan. We have analysed and evaluated 133 crypto exchanges in 8 different categories. We measured all aspects of their service including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security. Crypto trading platforms that reached the highest scoring are considered in the following list:

Top 6 Crypto Exchanges In Pakistan

1. Crypto.com – is the best crypto exchange for multiple assets. Competitive tools, safe mobile trading app
2. eToro – Best Social Trading Broker
3. Coinmama – offers high-security standards. Excellent platform with an intuitive interface.
4. Gemini – In-house hot wallet, access to different coins
5. Cash App – Best tool set for beginners. Easy to use Bitcoin trading platform.
6. OKX – Best For Low Trading Fees

Best Crypto Exchanges Pakistan – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)#1Crypto.com4.3Best For Asset Diversity1.8%/2.75%$68,571#2eToro4.9Best Social Trading Broker0.01%/0.00%$2,739,612#3Coinmama2Best Security Standards0.01%/0.00%$808,571#4Gemini4.5In-house hot wallet, access to different coins0.01%/0.00%$954,752#5Cash App4.7Best For Beginners1.8%/2.75%$68,657#6OKX2.8Best For Low Trading Fees0.8% /0.8%$790,030,092

This section below breaks down the best crypto trading platforms in Pakistan beginning with the best rated…

1. Crypto.com – Is the best crypto exchange for multiple assets

Rating: 2,5/5

Min Deposit:

Fees:
3.2

Assets available:
3.8

Total Fees:

Open account
Read review

Crypto.com is a modern and fast adopting crypto exchange offering access to NFTs, e-wallets, own credit card, staking, investing and crypto trading. Their trading app is intuitive, easy to use and available on iOS and Android. Trading fees are competitive across all accounts. With the extra bonuses for holding specific coins they can compete with the fee structure of industry leading exchanges. Crypto.com offers access to 250 different crypto coins.

Pros

• Highest security standards
• Great offer of crypto trading instruments
• Very good trading platform
• Very good research and educational tools
• Very good mobile trading application
• Very good wallet

Cons

• Slow customer service
• Very complex fee schedule (if you do not hold Cronos tokens fees are high)
• Difficult to navigate

Key features

• Spot and margin crypto trading
• Crypto payments
• Crypto.com Visa Credit Card
• Staking, crypto loans
• Proprietary Cronos tokens

Open account

2. eToro – Best Social Trading Broker

Rating: 4,9/5

Min Deposit:
$200

Fees:
4.8

Assets available:
4.8

Total Fees:

Open account
Read review

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

eToro is a well established online broker who offer cryptocurrency trading as CFDs, as physical cryptos through their eToroX exchange and in-house e-wallet storage. Their trading platform is easy to use, offers advanced copy trading features and supports over 40 different digital assets. Professional traders will miss advanced conditional orders, sophisticated charting tools and some popular digital currencies.

Professional crypto traders will like eToroX, which comes with all features and tools offered by industry leading decentralized crypto exchanges including margin trading, fast execution, APIs and fiat deposits in USD and AED.

eToro is regulated by top tier financial authorities. It keeps a track record of users stored funds for over a decade. Account opening is fast and simple, customer supports is responsive and available in Arabic language. The minimum deposit is $200, withdrawal fees are low, overall fees are industry average.

Pros

• Access to over 4000+ tradable symbols
• Great overall market coverage
• Easy to use mobile trading app and platforms
• Industry leading social/copy trading app
• Great cryptocurrency trading features
• Responsive customer support

Cons

• Algorithmic trading not available
• Forex and CFD fees above industry average
• Education and research tools missing

Key features

• Sophisticated social-copy trading features
• Multiple different payment options
• Crypto exchange and brokerage services on the same dashboard
• Super fast registration and KYC on-boarding process
• Zero commission stock trading
• Great ease of use level

Open account

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

3. Coinmama – Excellent platform with an intuitive interface

Rating: 0,0/5

Min Deposit:

Fees:

Assets available:

Total Fees:

Open account
Read review

Coinmama is a reputable crypto exchange, great for investors looking for high security standards, simplicity and a great user experience. Their trading platform is simple, easy to use and allows users to buy and sell cryptocurrencies. Experienced traders and investors will miss advanced trading features, e-wallets and other financial products. Trading fees are above industry average compared to other exchanges.

Pros

• Well regulated and licensed
• Easy to use trading platform
• Very good choice of deposit and withdrawal methods
• Good mobile application
• High levels of security
• Very good crypto wallet

Cons

• Limited number of crypto trading instruments
• Margin trading is not available
• Higher trading fees
• Not convenient for active traders
• No phone customer support
• Lacking some advanced features (savings, staking… )

Key features

• Spot crypto exchange for crypto investors (not traders)
• It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies

Open account

4. Gemini – In-house hot wallet, access to different coins

Rating: 0,0/5

Min Deposit:

Fees:

Assets available:

Total Fees:

Open account
Read review

Gemini is a reputable cryptocurrency exchange with great security features, easy to use trading interface and its own in-house hot wallet. Users’ funds are completely covered from the hot wallet in the event of a security issue. Gemini offers access to over 100 different coins wich is not enough for most experienced traders. Trading fees are high.

Pros

• Well regulated
• Highest security standards
• Trading platform is easy and intuitive to use
• Very good crypto wallet
• Very good mobile application

Cons

• Derivatives are not available
• Trading fees are above industry average
• Slow customer support

Key features

• Spot crypto trading
• It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
• Automated trading
• Gemini pay service
• Provide set of services for corporations, wealth and asset managers and hedge fund managers
• Proprietary Gemini USD token

Open account

5. Cash App – Best Crypto Trading App

Rating: 0,0/5

Min Deposit:

Fees:

Assets available:

Total Fees:

Open account
Read review

Cash App is a global financial platform which offers crypto trading and other financial services and is a great choice for those, who are looking to buy digital assets on an easy to use platform. Cash App is a peer-to-peer money transfer system offering flexible solution to withdraw funds to main crypto wallets and also buy and sell cryptocurrency at the same time.

Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFT’s, Shiba Inu and most Altcoins. Their crypto trading app is interactive, easy to use and beginner-friendly. Trading costs are average and you can expect additional fees compared to traditional crypto exchanges. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading and storage options are missing.

Cas app lets users directly deposit money their bank account and use tax filling tools.

Pros

• Easy to use, beginner freindly
• High security standards
• Simple sign-up process
• Instant payments

Cons

• Bitcoin is only crypto available
• Bitcoin trading fees are above industry average
• Not suitable for advanced Crypto traders
• This cannot be considered as an crypto exchange rather than application to buy bitcoin

Key features

• This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
• Paying service
• Investing in stocks
• Credit card

Open account

6. OKX – Best For Low Trading Fees

Rating: 3,1/5

Min Deposit:

Fees:
4.7

Assets available:
4.7

Total Fees:

Open account
Read review

OKX is a Malta-based cryptocurrency exchange established in 2014 that offers users access to crypto spot, futures, and derivatives trading. Besides offering access to over 600 cryptocurrencies, OKX users can trade with NFT’s and various crypto 2.0 products including crypto perpetuals, crypto swaps, and crypto options. Users can also generate a passive income using high yield crypto savings accounts, stablecoin staking, and liquidity farming.

OKX charges competitive trading fees of 0,08% maker/taker, that can be further reduced by up to 0,02% by holding OKT tokens. This makes them one of the cheapest crypto exchanges in the industry.

OKX also has a deep liquidity (currently ranked 5 in trading volume) and a slippage score of 500 that guarantees order execution even on the smallest altcoins.

Pros

• Competitive fees (0.8% maker/taker)
• Great availability of coins (600+)
• Simple trading features for beginners
• Advanced trading features and charting tools
• Great passive income options (staking, liquidity mining)
• Access to NFTs, perpetuals, swaps and options

Cons

• Low liquidity for certain coins

Key features

• 600+ available digital assets
• Industry lowest trading fees (0.08-0.10% maker/taker fee)
• Deep liquidity levels
• Passive income options (staking, and liquidity farming, high yield crypto saving)
• Integrated NFT trading platform
• Beginner to advanced trading features

Open account

How To Pick a Crypto Exchange?

The main criteria to consider when choosing a crypto exchange include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Avoid exchanges that charge high fees on trades, overnight fees and hidden fees.

Trading platforms: Look for intuitive, easy to use and fast executing trading platforms.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions.

Deposit & Withdrawal: Choose an exchange that offers your preferred deposit and withdrawal options with low or no fees.

Assets: Look for the best coverage of asset classes. Exchanges not offering the most popular alt coins should be voided.

Customer support: Beginner crypto traders should look out for responsive and professional customer support available in their language.

Liquidity: High liquidity and trading volumes guarantee that you will be able to sell your crypto assets.

Security: Prioritise regulated exchanges offering proof of funds, penetration tests and have a clean history record of hack attacks. Always check security features with the crypto exchange security rating agency (CER.live)

*Safety Risks For Pakistani Citizens

A trustworthy cryptocurrency exchange for Pakistani citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Pakistan

The Central Bank of Yemen (CBY) has no policy in place for cryptocurrency trading. This means users can freely buy and trade crypto at any of the cryptocurrency exchanges mentioned in this guide without any legal repercussions.

Is Cryptocurrency trading Legal in Pakistan?

Cryptocurrency trading in Pakistan is legal. There are currently no laws forbidding cryptocurrency trading in Pakistan. We do recommend that Pakistani citizens be aware of the risks involved when trading cryptocurrencies.

How to Start Trading With – eToro?

eToro is the most popular crypto exchange in Pakistan because of zero hidden fees, copy trading tools, demo account and a beginner friendly platform. Below are steps you need to take in order to start trading on eToro.

STEP 1: Open up the eToro Official Website
Find the link to the eToro crypto section under this link here: https://www.etoro.com/crypto/

STEP 2: Click on the “Get Started” Button

STEP 3: Verify Your Trading Account
To buy cryptocurrency using eToro you need to open a trading account, verify your account and make a deposit. This will enable you to buy, hold and sell crypto assets using this trading platform.

STEP 4: Buy Cryptocurrency
You can buy, hold and sell fractions of each crypto asset. To own a crypto coin you don’t need to buy the whole coin.

Conclusion

We recommend eToro as the best crypto exchange for Pakistani crypto enthusiasts. They offer brokerage and exchange services at the same time along with zero commission fee trades, advanced copy trading tools, a user friendly platform and availability of 40 different crypto asset classes. Coinbase comes in at second second, based on their overall low fees, great support and tradable assets. 

The results from our final verdict are based on our evaluation process where we research and analyse all aspects of crypto exchange services including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

FAQ

What is the most accurate crypto exchange in Pakistan?

Coinbase is the most accurate crypto exchange in Pakistan. It offers real-time cryptocurrency prices at which traders can trade without any form of delay.

What crypto exchange is the best for day trading?

The best day trading crypto exchange in Pakistan is Crypto.com, eToro and Coinmama.

How To Open A Cryptocurrency Exchange Account?

Cryptocurrency exchanges have you set up an online account and submit proof of identity. This verification process includes checking your identity with a third-party application or submitting a picture of your ID.

How To Cash Out Cryptocurrency In Pakistan?  

If you want to cash out crypto, you’ll have to use an exchange that supports withdrawals in your fiat currency. 
A straightforward way to cash out crypto is with a Uquid debit card. It offers a smooth conversion process for Bitcoin. Bitcoin ATMs are another top way to exchange BTC for fiat currency.
LocalBitcoins and other P2P exchanges will help you cash out crypto. Such providers let you buy/sell Bitcoin for different payment methods, including gift cards and bank transfers. 

Is Cryptocurrency Trading in Compliance to the Sharia Law?

Trading cryptos is “halal” and in compliance with the sharia law if the underlying tokes in halal.

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Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.