Home / Best Crypto Exchanges in Pakistan 2025

Best Crypto Exchanges in Pakistan 2025

Published
Darko Jacimovic
Published

Despite the nation’s increasing interest in digital finance, cryptocurrency in Pakistan remains a complex and legally ambiguous grey area. After the recent announcement of policy discussions by the SBP, crypto has once again become a topic of interest in the country.

If you want to learn more about the current regulatory status, whether crypto trading is legal in Pakistan, and the best crypto exchange to trade on, check out the article below. We will address all your questions and share other insights you might find helpful.

Key Takeaways
  • Cryptocurrencies are not banned in Pakistan, but they remain unregulated, meaning no official oversight exists.
  • Despite restrictions, crypto adoption is rising, with many Pakistanis using it for remittances, trading, and hedging against inflation.
  • Many Pakistanis rely on mobile-friendly exchanges (like Binance & Trust Wallet) due to limited desktop access in some regions.

Top Crypto Exchanges in Pakistan in 2025

Here are our top picks worth consideration if you want to start using crypto exchanges in Pakistan today.

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#7

eToro

4.17 / 5
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Coins
Bitcoin Ethereum Dogecoin Litecoin Bitcoin Cash 75
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Short Reviews of the Best Crypto Exchanges Available in Pakistan

Take a look at our short reviews of the top crypto exchanges before picking one.

1. Binance

4.83 / 5
Binance

Binance is the world’s largest and most popular crypto platform. It launched in 2017, and over the years, established an unparalleled global presence and user base. The platform processes tens of billions of dollars worth of crypto transactions every day and consistently tops the charts in trading volumes.

The Binance exchange holds multiple licenses for operation in various regions but operates through a subsidiary with limited services in the US.

On Binance, users can access over 350 cryptocurrencies and thousands of trading pairs. The platform offers all kinds of crypto services, including spot trading, P2P trading, futures trading with up to x125 leverage, margin trading, staking, earning, copy trading, bot trading, and more.

It accepts fiat deposits in over 100 currencies and supports a wide range of payment methods. Binance has a tiered transaction fee structure that offers discounts to traders who generate substantial monthly trading volumes and additional discounts for using its native BNB coin to pay for fees.

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Fees (Maker/Taker)
  • Spot & Margin Trading Fees
  • USDⓈ-M Futures Trading Fees (USDT)
  • Options Trading Fees 6
Products
  • spot trading
  • NFTs
  • wallet 14
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 319
Payment Methods
  • Bank transfer
  • MasterCard
  • Visa 494
Languages
  • German
  • Swedish
  • Danish 25
Licenses
  • Sweden
  • Australia
  • Bahrain 15
Security
  • 2FA SMS
  • 2FA Google Authenticator
  • 256-Bit SSL Encryption 2
KYC / AML
Required for cryptocurrency deposits, trades, and withdrawals.
Support Languages
  • German
  • Japanese
  • Italian 14
Educational Resources
  • Blog
  • Videos
  • Academy 5

2. Phemex

4.67 / 5
Phemex

Launched in 2019, Phemex is a Singapore-based crypto exchange. The platform does not provide any specific information about its licenses and regulatory status but claims to have over 5 million users from more than 200 countries worldwide. The exchange is not licensed for the US.

Phemex is a full-scale platform with comprehensive offerings. It supports more than 250 cryptocurrencies and offers various services like instant buying and selling of coins, P2P trading, spot trading, margin trading with up to x5 leverage, futures trading with up to x100 leverage, staking, savings, bot trading, copy trading, and others.

On Phemex, users can make credit and debit card deposits, as well as SWIFT wire transfers with around 30 supported fiat currencies. The exchange charges trading fees that vary based on the trader’s trading volume in the past 30 days.

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Fees (Maker/Taker)
  • Spot Trading
  • Contract Trading
  • BTCUSD Perpetual (BTC -Margin) 1
Products
  • spot trading
  • staking
  • NFTs 8
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 230
Payment Methods
  • Bank transfer
  • MasterCard
  • Visa 306
Languages
  • German
  • Japanese
  • English 6
Security
  • 2FA Google Authenticator
KYC / AML
Required for P2P trading, Launchpad/Launchpool, to access some bonuses or campaigns and to increase withdrawal limits.
Support Languages
  • German
  • Japanese
  • English 2
Educational Resources
  • Blog
  • Videos
  • Academy 4

3. Ecxx

4.00 / 5
Ecxx

ECXX was founded in Singapore in 2019. The exchange is currently in its early stages, with some features still in development.

ECXX's current infrastructure is designed for more serious spot traders who don’t mind the limited range of 20 crypto.

The trading views available are quite sophisticated and show the exchange plans to implement options trading.

There are also plans for passive income in the form of staking, with more sophisticated features in the pipeline.

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Fees (Maker/Taker)
  • Trading Fees
  • BTC Withdrawal Fee
Products
  • spot trading
  • wallet
  • OTC trading 2
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Litecoin 7
Payment Methods
  • Litecoin
  • Bitcoin
  • Ethereum 6
Languages
  • English
  • Chinese (Mandarin)
Licenses
  • Singapore
Security
  • 2FA Google Authenticator
KYC / AML
Not Available
Support Languages
  • English
  • Chinese (Mandarin)
Educational Resources
  • Announcements

4. XT

1.00 / 5
XT
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Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 101
KYC / AML
XT.com implements KYC verification measures, requiring users to complete identity verification procedures to access certain features and higher transaction limits.    

5. Revolut

4.00 / 5
Revolut
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Fees (Maker/Taker)
  • Crypto Trading Fees
  • Crypto Withdrawal Revolut Service Fee
  • Crypto Withdrawal Revolut Service Fee
Products
  • spot trading
  • wallet
  • OTC trading 2
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 216
Payment Methods
  • Bank transfer
  • MasterCard
  • Visa 223
Languages
  • German
  • Norwegian
  • Swedish 20
Licenses
  • United Kingdom
Security
  • 2FA SMS
  • 2FA Google Authenticator
  • 256-Bit SSL Encryption
KYC / AML
Required whenever the company deems fit.
Support Languages
  • English
Educational Resources
  • Blog
  • News
  • Reviews 1

6. Youhodler

4.00 / 5
Youhodler
Promotions
Trusted, Secure & Crypto Friendly
Fees (Maker/Taker)
  • Bitcoin Deposit Fee
  • Bitcoin Withdrawal Fee
  • Fiat Deposit Fee 1
Products
  • spot trading
  • wallet
  • loans 3
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Dogecoin 48
Payment Methods
  • MasterCard
  • Visa
  • Apple Pay 54
Languages
  • German
  • Italian
  • English 2
Licenses
  • Switzerland
  • Italy
Security
  • 2FA SMS
  • 2FA Authy
  • 2FA Google Authenticator 2
KYC / AML
Required for buying, selling, deposit and withdrawals.
Support Languages
  • English
Educational Resources
  • Videos
  • Glossary

7. eToro

4.17 / 5
eToro

Launched in 2007 as a social trading platform, eToro is an Israeli-based online brokerage that has supported crypto trading since 2013. As a licensed and regulated broker, eToro offers its services to over 100 countries worldwide, including most states in the US, through its subsidiary, eToro USA.

Besides traditional investment products, eToro users can also buy and sell over 100 cryptocurrencies, and exchange around 50 trading pairs. The platform also supports staking of four major coins, as well as CFD margin trading of cryptocurrencies with leverage.

Traders can use multiple payment methods, including cards, PayPal, and e-wallets like Skrill and Neteller, to buy cryptocurrencies from eToro with fiat. The broker charges a fixed 1% fee on every crypto purchase or sale.

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Products
  • NFTs
  • OTC trading
  • ETFs 2
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Dogecoin 77
Payment Methods
  • Bank transfer
  • Maestro
  • MasterCard 92
Languages
  • Finnish
  • German
  • Norwegian 16
Security
  • 2FA SMS
  • 256-Bit SSL Encryption
KYC / AML
eToro is not an anonymous platform. When you sign up for an eToro account, you are required to provide personal information for identity verification purposes. This is a standard practice among regulated financial institutions to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.    
Support Languages
  • English
Educational Resources
  • Videos
  • Academy
  • Learn 5
DISCLAIMER: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

8. Bitpanda

1.00 / 5
Bitpanda
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Products
  • sport trading
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 93
Payment Methods
  • MasterCard
  • Neteller
  • Skrill 6
Languages
  • German
  • Italian
  • English 4
KYC / AML
Bitpanda does not allow anonymous trading, and customers are required to leave their first and last name during the registration. The platform also requires account verification before you start trading.

9. Zengo

4.00 / 5
Zengo
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Products
  • spot trading
  • NFTs
  • wallet 3
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 147
Payment Methods
  • Maestro
  • MasterCard
  • PayPal 158
Languages
  • German
  • English
Licenses
  • N/A - Not disclosed
Security
  • 256-Bit SSL Encryption
  • Backup 3D Facelock
  • Legacy Transfer 4
KYC / AML
Required to buy, sell, deposit.
Support Languages
  • English
Educational Resources
  • Blog
  • Videos
  • Podcasts 1

10. BigONE

1.00 / 5
BigONE

BigONE is a cryptocurrency exchange registered in the Seychelles. Although the exchange operates in various countries worldwide, including Russia, Brazil, Vietnam, and Japan, BigONE has not disclosed any licensing or regulatory information about its operations.

On BigONE, traders can engage in spot trading across over 130 cryptocurrency pairs, including major cryptos like Bitcoin (BTC), Ethereum (ETH), and various altcoins. Furthermore, the exchange offers margin trading with up to 10x leverage and futures trading with up to 100x leverage for the traders who qualify.

What’s more, BigONE also provides users with various earning opportunities, like fixed and flexible savings products, on-chain staking for ETH and DOT, liquidity mining, etc.

Regarding fees, BigONE uses a tiered structure, where users with higher membership levels get access to higher withdrawal limits, and lower fees for all types of trading.

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Trusted, Secure & Crypto Friendly
Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Tether 91
KYC / AML
BigONE requires users to complete the Know Your Customer (KYC) verification process, which involves providing identification documents, so traders cannot remain completely anonymous on the platform.    

Disclaimer: Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Why Trust Our Reviews

CCN is a free, informative resource that shares current, fact-checked, and unbiased information on the cryptocurrency market. Our goal is to give our readers the insights they need to make informed decisions and confidently navigate the crypto market.

Our team consists of multiple reviewers with expertise in various fields, from blockchain technology to financial analysis and regulatory compliance. We have a long history of curating user-friendly and informative content, breaking down complex topics, and presenting insights in a way everyone can understand.

So, whether you want to learn more about crypto trading in Pakistan or need more information on the best crypto exchanges, you can rely on CCN to provide you with clear, accurate, and actionable information.

Different Types of Crypto Exchanges Legal in Pakistan

Before we start exploring topics like how to buy cryptocurrency in Pakistan, we must address the country's regulatory framework and see what options are available to Pakistani traders. Crypto exchanges can generally be categorized in the following ways:

  • Based on Market Reach
  • Local exchanges that focus on serving the needs of a specific market.
  • International exchanges with a broader scope that cater to users across multiple regions.
  • Based on the Operational Model
  • Centralized exchanges governed and regulated by a central authority.
  • Decentralized exchanges focused on P2P trading which don’t require a middleman.
  • Based on Platform Type
  • Cryptocurrency Apps that are easy to use but have limited functionality.
  • Full-Scale Exchanges that offer a suite of features and services.

Keep in mind that crypto exchanges are not limited to a single category. For example, Binance is an international, full-scale exchange that offers various services, an app, and operates within a centralized model.

Local vs. International Exchanges

local vs international crypto exchanges

International exchanges are the most widely used crypto platforms, boasting the largest user bases and highest daily trading volumes. Some of the most popular brands in the crypto industry, like Binance and Coinbase, fall into this category of exchanges.

Because of these advantages, international exchanges are typically highly liquid  and can provide lower fees and a wider range of features and services to their users.

However, because they operate on a global scale, these exchanges can sometimes lack region-specific support and not offer services tailored to local needs, like deposits in a local fiat currency or support for more localized payment methods.

In many regions, local exchanges cater to needs unmet by international exchanges. Unfortunately, because of Pakistan’s uncertain regulatory stance on cryptocurrency, we could not find information about any local crypto exchange.

Centralized vs. Decentralized Exchanges

Centralized vs. decentralized crypto exchanges

Centralized crypto exchanges are trading platforms that act as intermediaries for buying and selling crypto assets. They don’t just provide trading tools but match orders using a centralized order book, manage transactions, and even hold custody of the assets traded on their platforms.

Simply put, centralized crypto exchanges are the closest thing to traditional stock market platforms but for cryptocurrencies.

To get the necessary permits to operate as such, centralized exchanges must adhere to regional and international regulations and meet strict financial and operational compliance standards. This includes enforcing KYC verification measures.

Decentralized crypto exchanges, on the other hand, operate without a central authority and are largely unregulated. The only requirements they enforce are those hardcoded into the blockchains they run on.

Crypto trading in decentralized exchanges is conducted peer-to-peer, which allows traders to retain control over their assets at all times. Since these exchanges don’t have to adhere to regulatory compliance standards, they typically don’t enforce KYC rules, and many users prefer them because of the privacy and anonymity they offer.

As all decentralized crypto exchanges can be accessed from everywhere in the world, Pakistani users can access them as well. However, not every centralized exchange accepts users from Pakistan. Luckily, many of the popular options do.

Cryptocurrency Apps vs. Full-Scale Exchanges

crypto apps vs. crypto exchanges

Finally, crypto platforms differ based on their range of services and features. Full-scale exchanges are crypto platforms that provide a one-stop-shop experience for their users and offer a variety of features, including buying and selling cryptocurrencies, exchanging coins, margin trading, staking, NFTs, etc.

Many of the world’s most popular fill-scale exchanges, like Binance, Bybit, and OKX, offer their services to traders based in Pakistan.

On the other hand, cryptocurrency apps are more specialized platforms, typically designed for mobile devices, that provide a more streamlined experience. These apps focus on buying and selling cryptocurrencies, offer no additional services, and are much more beginner-friendly due to their simplicity and ease of use.

Some popular apps that allow easy and seamless crypto trading in Pakistan include Paxful, BitOasis, and Exolix.

Regulatory Compliance: How Crypto Exchanges Are Regulated in Pakistan?

So, is crypto trading legal in Pakistan? Let’s examine the country’s current regulatory framework for cryptocurrencies and consider what it means for traders based in this region.

Crypto Restrictions on Banks and Financial Institutions in Pakistan

Cryptocurrency is not recognized as legal tender in Pakistan at the moment. In April 2018, the State Bank of Pakistan issued a circular prohibiting all banks and financial institutions in the country from processing, using, trading, holding, transferring value, promoting, and investing in virtual currencies or tokens.

Since then, the regulatory environment has evolved significantly. Notably, in May 2023, the government adopted a negative stance towards cryptocurrency, even considering an outright ban on digital assets. However, this proposed ban did not materialize, and the status quo remained unchanged.

Just over a year later, the current administration adopted an entirely different approach and discussed the possibility of embracing cryptocurrency. On November 4, 2024, the SBP unveiled a set of policy proposals that, if approved, would legalize digital currencies as legal tender in Pakistan.

Licensing and Registration

The current regulatory framework surrounding cryptocurrency in Pakistan is murky and does not explicitly approve or ban crypto-related businesses.

Although crypto exchanges can technically register their companies in the country, they can’t register them as crypto exchanges. Additionally, no official regulatory body can issue licenses and oversee their activities.

So, with the current lack of clear guidelines, there is no possible way to operate as a licensed crypto exchange in Pakistan. Hopefully, the new government’s proposed reforms will bring more clarity, and this issue will be properly addressed and resolved.

AML and CFT Compliance

Even though crypto trading in Pakistan is largely unregulated, the country has its own national anti-money laundering and counter-financing of terrorism policies that apply to financial transactions, if not specifically to cryptocurrency-related activities.

This means that the international exchanges that operate in the country must adhere to Pakistan’s AML and CFT regulations and global compliance standards to meet their legal obligations. This includes implementing KYC verification processes and monitoring transactional activity for suspicious behavior.

Consumer Protections

Even in countries where cryptocurrency is recognized as legal tender, crypto exchanges are not viewed as traditional financial institutions, which means they are not required to offer the same consumer protections as banks.

While most full-scale crypto platforms offer advanced security measures, only a handful of exchanges actually run an emergency fund in case they get hacked. What’s more, no exchange takes responsibility if a trader’s account gets breached as the result of phishing or mismanagement of their credentials.

The same goes for the international exchanges that operate in Pakistan. They are only obligated to provide industry-standard security measures to ensure an acceptable level of protection, while the rest is up to the consumer to do their best to protect their crypto assets.

P2P Crypto Transactions

As they present a way to go around the banking restriction, P2P crypto trading platforms are especially popular among Pakistani traders. However, these platforms are slightly riskier than centralized exchanges, as they pose additional risks that are not present when using a platform regulated by a central authority.

Namely, P2P trading platforms facilitate direct transactions between the buyer and the seller and don’t act as intermediaries when handling the transaction itself. This means that the buyer is left entirely responsible for verifying the seller’s legitimacy and credibility. They need to use the proper escrow to ensure they won’t get scammed.

This risk is completely eliminated by using a centralized crypto exchange, as the exchange acts as the escrow and ensures both parties get what they bargained for.

How Cryptocurrency is Regulated in Pakistan?

Cryptocurrency regulation in Pakistan is still undefined, and there are no clear laws or guidelines that outright ban or approve investing and trading digital crypto assets.

The Legal Status of Cryptocurrency in Pakistan

As we previously mentioned, cryptocurrency is not legal tender in Pakistan, which means it cannot be used for purchases or conducting official financial transactions in the country.

Investors who want to own crypto can do so on their own responsibility, either by using international centralized crypto exchanges or by trading through unregulated P2P platforms.

AML and CFT Concerns

Pakistan has very strong AML and CFT regulations, which means using an international crypto exchange will require traders to undergo KYC verification.

Many Pakistani traders decide to circumvent the need to share their personal information by trading on unregulated P2P marketplaces. However, this is a risky choice, as these platforms are more susceptible to scams than exchanges governed by a central authority.

Recent Developments Regarding Crypto Regulations in Pakistan

While Pakistani officials have long frowned upon cryptocurrency, some recent developments suggest a shift in perspective.

Namely, the new administration in the country seems to have a more positive outlook on digital assets and has shown interest in exploring regulatory frameworks that will embrace cryptocurrency.

On November 4, 2024, the SBP released a draft policy proposal. If approved, it will recognize cryptocurrency as legal tender and establish clear guidelines for registering and licensing crypto exchanges in the country.

How Is Cryptocurrency Taxed in Pakistan?

How is crypto taxed in Pakistan

Now that we have a slightly better idea of whether crypto is legal in Pakistan, let’s take a look at the tax implications for crypto investors and traders in the country.

No Formal Taxation Policy on Crypto

Like many other countries, Pakistan does not have cryptocurrency-specific taxation laws or policies. However, the country does have tax and capital gain tax, which means crypto holders are legally obligated to report and pay taxes on any financial gains they achieve through investing and trading.

They may be subject to income tax depending on whether they made income by:

  • Mining cryptocurrency
  • Staking cryptocurrency
  • Received cryptocurrency as payment

On the other hand, they may be liable to capital gains tax if they earn:

  • Gains from cryptocurrency investments
  • Profits from trading cryptocurrencies

According to some sources, the policies proposed by the SBP we mentioned earlier define clear and exact taxation rules and tax brackets for cryptocurrency taxation.

Income Tax on Crypto in Pakistan

The income tax for non-salaried earnings in Pakistan is tiered and progresses as the income levels increase. For the 2024-25 fiscal year, the tax rates are applied based on the following brackets:

Taxable Income (PKR) Fixed Tax Amount (PKR) Plus Percentage on Excess Amount
Up to 600,000 0 + 0%
600,000 to 1,200,000 0 + 15%
1,200,000 to 1,600,000 90,000 + 20%
1,600,000 to 3,200,000 170,000 + 30%
3,200,000 to 5,600,000 650,000 + 40%
Over 5,600,000 1,610,000 + 45%

In addition to the income tax rates, those with taxable income over PKR 10 million must pay an additional surcharge equal to 10% of their total income tax.

In other words, if a Pakistani trader reports their crypto earnings classified as income, these might be the brackets under which their income may be taxed.

Capital Gains Tax on Crypto in Pakistan

The capital gains tax in Pakistan is determined based on the holding period of the asset being sold or exchanged, and the applicable tax rates decrease as the holding period increases. Here are the rates based on the holding period for the 2023-24 fiscal year:

Holding Period Tax Rate
Less than one year 15%
Between 1 and 2 years 12.5%
Between 2 and 3 years 10%
Between 3 and 4 years 7.5%
Between 4 and 5 years 5%
Between 5 and 6 years 2.5%
Over six years 0%

Clearly, these tax rates are structured to encourage long-term investments, as holding an asset for longer than six years results in no capital gains tax liability.

If a trader from Pakistan achieves cryptocurrency profits classified as capital gains, they may be subject to these tax rates.

Comparing Crypto Exchanges in Pakistan: How to Pick the Best Exchange for Your Needs?

Having covered the legal and regulatory aspects, let’s get into the practical considerations and see how you can choose the best crypto exchange in Pakistan for your specific needs and trading goals.

Available Cryptocurrencies

Checking the supported cryptocurrencies and trading pairs is an elementary step when choosing where to trade. The crypto exchange you want to use needs to support the coins you are interested in buying and trading, but it would be great if it also supports a wide range of altcoins and provides diversity.

While access to lesser-known niche coins may not be a priority for you as a beginner, you may develop an interest in owning such assets later on. Holding a diverse portfolio of different types of cryptocurrencies can give you the needed flexibility to develop more complex trading and investing strategies.

Security and Insurance

The importance of choosing a secure crypto exchange is pretty obvious. You want to find an exchange that will provide security measures effective enough to protect your crypto assets and give you peace of mind.

As for insurance, as we mentioned before, crypto exchanges don’t offer coverage like traditional financial institutions. But some exchanges, like Binance with its SAFU, go the extra mile to protect user funds in case of unforeseen events.

If you are concerned about fund protection, you can try to find a crypto exchange available in Pakistan that provides coverage similar to Binance’s SAFU fund.

Fees and Trading Costs

All trading platforms, including the crypto exchanges available in Pakistan, charge trading fees and potentially other types of charges. It is up to you to research thoroughly and choose the exchange with a fee structure suitable for your trading style.

Some exchanges charge fixed trading fees, which may be more cost-effective for casual traders who make smaller trades or trade infrequently. Others rely on tiered fee structures and provide discounts based on trading volume. These exchanges may be more suitable for high-frequency traders or those who buy large sums of crypto.

Be sure to look around, understand the fee structures, and choose one that will allow you to trade cost-effectively.

Educational Resources

In addition to trading tools, most full-scale crypto exchanges offer additional features on their platforms. One such feature is a learning center or an educational hub, where traders can hone their trading skills and even find valuable insights and market news to stay up to date with the latest crypto trends.

While beginners can benefit the most from them, these educational resources may prove useful even for experienced traders. So, if you value the opportunity to learn and grow, consider comparing the educational resources when choosing a crypto exchange in Pakistan to trade on.

Interface and User Experience

Of course, profitability takes the highest priority, but you mustn’t neglect your comfort and ease of use when navigating a crypto exchange. Trading can get quite complex, particularly when utilizing advanced techniques that require analyzing multiple charts and data indicators simultaneously to identify the ideal entry and exit points.

While most reputable crypto exchanges offer advanced trading tools, not all are designed with the same expertise. The best exchanges will allow you to keep track of key metrics and trading pairs on a single tab and won’t require you to switch between multiple windows to execute your trades efficiently.

Licenses

As we mentioned earlier, no crypto exchange can be licensed for operation in Pakistan as the country does not have a designated regulatory body to authorize or oversee such platforms. However, this doesn’t mean you should not consider the regulatory status of exchanges in the other countries where they operate.

Most reputable crypto exchanges disclose their licensing information and compliance practices and make it available to the public. To get a better idea of an exchange’s commitment to transparency and compliance with regulatory standards, you can try researching their certifications online.

Payment Methods and PKR Payment Options

If you are researching crypto trading in Pakistan, chances are you may also want to use PKR to buy cryptocurrencies. Not every popular crypto exchange accepts direct deposits made with regional fiat currencies, so you will have to look for such platforms specifically.

If the exchange you want to trade on does not support PKR, you will have to use a third-party payment processor to make your deposit, which will convert your funds into a supported currency and charge you a fee.

Fortunately, in our research, we found a handful of reputable and trustworthy platforms that not only accept PKR, but also support several payment methods popular in Pakistan.

Customer Support Options for Users from Pakistan

Lastly, the final factor you want to consider is the availability of customer support, and how responsive and efficient the exchange is in solving customer complaints. The most popular platforms, with massive user bases, are infamous for delayed and impersonal responses.

They typically have a large volume of issues to deal with, so their response times may not always be the best. Our advice is to lower your expectations and be a bit more patient when reaching out to customer support on widely used platforms.

Conclusion

In summary, cryptocurrency trading and ownership in Pakistan are still grey areas. The laws are unclear and require additional clarification and regulation to provide a formal legal framework.

Currently, crypto trading in Pakistan is neither legal nor illegal, so traders can engage with the market at their own risk. Many international crypto exchanges exist that Pakistani users can interact with and use to invest in cryptocurrency, most of which are licensed and regulated in other regions, so they seem like the safest place to do so.

If you are looking to start trading cryptocurrencies and you are based in Pakistan, we strongly recommend you research the applicable taxation laws and understand your tax obligations. If you need additional guidance, we suggest you consult a professional tax advisor.

Frequently Asked Questions

Is crypto legal in Pakistan?

Cryptocurrency is neither legal nor illegal in Pakistan. While SBP does not recognize cryptocurrency as legal tender and prohibits banks and financial institutions from processing transactions with it, no laws outright prohibit individuals from owning, trading, or investing in cryptocurrencies for personal use.

What is the best exchange for PKR deposits?

Many P2P crypto exchanges support PKR deposits, but according to our research, OKX is the most trustworthy, secure, and user-friendly centralized crypto exchange that accepts PKR. Moreover, OKX supports payment methods popular in Pakistan, such as SadaPay, Easypaisa, UPaisa, and others.

Can users from Pakistan use international crypto exchanges?

Yes, a long list of international crypto exchanges accept users based in Pakistan. Some popular options include Binance, Bybit, OKX, KuCoin, and many others.

Keep in mind that although they are licensed and regulated in many regions across the world, no exchange is licensed specifically in Pakistan, as the country does not have a designated authority to issue a crypto exchange license.

Is Pakistan crypto-friendly?

The population in Pakistan seems to be fond of crypto. According to some sources, over 9 million Pakistanis own crypto, but the country’s authorities are not quite crypto-friendly, at least at the moment.

The Pakistani government’s general sentiment toward crypto has not been positive, and the country has yet to recognize cryptocurrency as a legal tender. However, recent reports indicate that the situation is changing, and crypto may soon be legal in Pakistan.

Is Binance banned in Pakistan?

No, Binance is not banned in Pakistan. This rumor seems to have surfaced in May 2023, when the previous authorities, which have been infamous for their negative stance towards crypto, announced their intention to make cryptocurrency illegal in the country.

However, their proposal was not implemented, and the current government seems to be much more open to exploring regulatory frameworks for digital assets.

Is crypto taxed in Pakistan?

Pakistan does not have specific laws for cryptocurrency taxation, but like most countries, it does have capital gains and income taxes. Because crypto trading and ownership are still largely unregulated, general tax laws may apply to cryptocurrency-related earnings. That seems to be the case in many countries where crypto is a grey area.

In simple terms, even though Pakistani authorities don’t recognize crypto as legal tender, individuals earning through crypto are likely still subject to income and capital gains tax under the existing tax regulations.

best crypto exchanges in pakistan

Rundown of the Best Crypto Exchanges in Pakistan 2025

  1. Binance 
  2. Phemex 
  3. Ecxx 
  4. XT 
  5. Revolut 
  6. Youhodler 
  7. eToro 
  8. Bitpanda 
  9. Zengo 
  10. BigONE 
Darko is an experienced crypto and finance writer who became a passionate crypto enthusiast after a lucky break with BNB. Today, he enjoys lambos and butterflies and follows the market for new ways to diversify his portfolio.
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