Cryptocurrency adoption continues to grow worldwide. It has become a market whose size has now reached trillions of dollars. Many financial institutions and countries are stepping into this industry. On the other hand, Pakistan is not far behind.
Despite the difficult situation, the development of crypto in Pakistan continues to grow. For the first time, in Chainanalysis' Global Crypto Adoption Index, i.e., in the list of countries that have adopted crypto around the world, Pakistan came third.
Cryptocurrencies are a ray of hope for Pakistanis amid economic instability, rising commodity prices, inflation and rising unemployment. Even so far this industry has no patronage in Pakistan, but still people in Pakistan are earning thousands if not millions of dollars by investing in it.
While investing in crypto we face some challenges. For example, where to invest, how to invest and why to invest. The most important question among them is where to invest? This is the biggest challenge because no bank in Pakistan accepts it (you can't trade crypto directly with banks).۔
In today's article we will discuss three of the best cryptocurrency exchanges in Pakistan that provide you with P2P (Peer-to-Peer) services, and why we should use them.
Following are the best crypto exchanges in Pakistan:
- Binance
- Kucoin
- Huobi Global
The reasons for choosing these exchanges are the following features that they all have in common:
- High trading volume
- Listing of most crypto coins
- Highest Liquidity (how easily a digital currency or token can be converted into another digital asset or cash)
- Strong security
- Lowest transaction fee
- P2P Support
- Available In Pakistan
Now let us talk about these most trusted crypto exchanges operating in Pakistan and know what services they provide.
1. Binance
Binance is the most popular crypto exchange worldwide with over 600 exchanges and 90 million registered users. It was created in 2017 by Changpeng Zhao. It is most popular around the world in general and in Pakistan in particular.
Binance is the most popular crypto exchange worldwide with over 600 exchanges and 90 million registered users. It was created in 2017 by Changpeng Zhao. It is most popular around the world in general and in Pakistan in particular.
Services Offered By Binance
- P2P support with zero transaction fees
- Trading over 600 cryptocurrencies in spot, futures or margin
- Staking, Liquidity Farming, Yield Farming, Swap Farming and Liquidity Provision
- (For Spot and Future Traders) Strategy Trading Bot
- Buy and sell NFTs from Binance's largest NFT marketplace
- Launchpad and LaunchPool facility to get the most popular new cryptocurrencies
- BNB Vault facility (many benefits can be obtained from BNB Coin)
- Automatic investment feature (collect crypto on autopilot)
- Binance Pay facility (with Binance Pay you can also pay and receive payments from your friends and family).
- Binance Pool facility (with the help of pool you can do more mining)
- Binance Convert facility (allows you to convert one coin to another for a low fee)
- Facilitation of advertising campaigns and activities for passive income
2. Kucoin
This platform was created in 2012. Through it you can buy, sell and trade your crypto assets. Like Binance, Kucoin also supports more than 600 cryptocurrencies for its users. It is also called the exchange of people, as one out of every 4 crypto traders worldwide uses Kucoin.
KuCoin's global community spans 205 countries, including Pakistan. It also provides P2P service in all these countries. Kucoin's transaction fees are also the lowest, ranging from 0.01% to 0.03% depending on different cryptocurrencies.
Services Offered By Kucoin
- P2P support with zero transaction fees
- Trading facility of more than 600 coins in spot, futures and margin
- Staking, Liquidity Farming, Yield Farming, Swap Farming and Liquidity Provision
- Cloud mining facility (a method in which crypto, such as Bitcoin, is mined)
- (For Spot and Future Traders) Kucoin Trading Bot Facility
- Facilitation of buying and selling of NFTs
- Facility to earn more Kucoins by acquiring native Kucoin token
- Kucoin Burning Drop
- This platform also offers its own gaming platform for passive income called Kucoin Win
- You can also win rewards and trade them with the help of Reward Hub and Candies
- Facilitation of advertising campaigns and activities for passive income
- Facilitating the latest news platform for the crypto community
3. Huobi Global
Huobi Global is an online cryptocurrency exchange founded in China in 2013. And working since its inception, this platform has established itself as one of the best exchanges in the field. Although the platform remained largely focused on Asian markets, it maintained a strong presence.
It is currently present in 130 countries around the world, and as of May 2022, about $12 million was traded on the platform on a daily basis.
Services Offered By Huobi Global
- P2P support with zero transaction fees
- Facility to support over 500 cryptocurrencies
- Accumulate digital assets and earn rewards in coins of the same type
- Facility of Primepool
- (For Spot and Future Traders) Huobi Trading Bot Facility
- A marketplace for NFTs trading
- Prime listing facility (earn newly launched tokens for free)
- Candy Drops facility (trading facility of free airdrops)
- Automatic investment feature (collect crypto on autopilot)
- Trade through Reward hub and earn rewards
- Facilitation of advertising campaigns and activities for passive income
- Easter-eggs, Christmas and other festivals with which you can win rewards
Conclusion
As a crypto trader or investor, you have the option to choose any of the best crypto exchanges operating in Pakistan. When you're a full-time trader, know that you can't just rely on one crypto exchange.
Moreover, it is a wise decision to diversify your funds to reduce the risk factor. Now it is up to you how you manage your funds.
The features of the exchanges mentioned above and the services they provide are almost identical. On the other hand, there is still a question mark as to which services are good at each exchange. In short, if you are an advanced trader with technical experience in this field, and you rely mostly on trading, staking, and exploring NFT trading, Binance is a good proposition for you.
But, if you have time and looking for more streams of income (trading bot, ad campaigns, free airdrops, earning from reward hub) then you should sign up for Kucoin and Huobi Global.
Read More:
What is Cryptocurrency? Its Advantages, Disadvantages And Future
What Are Non-Fungible Tokens? How Do NFTs Work
