Selling cryptocurrency has become crucial for investors in Pakistan who wish to exchange their digital currency for rupees. With more and more people adopting digital currencies and blockchain technology in Pakistan, knowing how to sell crypto on Binance in Pakistan is essential for beginners, as well as seasoned traders, is critical.
As the world’s biggest exchange for cryptocurrencies, Binance provides the most reliable and simple ways to sell digital assets to Pakistanis. This stepwise guide is thoroughly designed to help you sell cryptocurrency on Binance from Pakistan. It will guide you through the complete selling process, starting from account verification, to the payment out process using local payment gateways like Bank or Easypaisa.
What is Binance, and What is Its Purpose for Use in Pakistan?
Weighted down with over 76 billion USD worth of trades in a single day, Binance is the most advanced and utilized crypto exchange in the world. It is also the most convenient exchange platform for users in Pakistan for several reasons.
The local traders in Pakistan value Binance for its ease of use due to the flexible payment options such as Easypaisa, NayaPay, and Bank Transfer. Binance has a peer-to-peer (P2P) trading system in which users can sell and purchase Bitcoin and other cryptocurrencies with local buyers in Pakistan, which offers very easy and fast transactions.
Binance uses state-of-the-art industry security features, which include two-factor authentication, cold storage of funds, and extensive insurance coverage. Regulatory conditions in Pakistan are ever-changing; however, Binance is fully licensed and operational with a global transparent border, which allows users to sell crypto on Binance safely.
Like most crypto exchange accounts in Pakistan, Binance allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB), among other major cryptocurrencies. This allows users flexibility in their trading strategies.
Step-by-Step Guide – How to Sell Crypto on Binance in Pakistan
The bear market offers a unique opportunity for traders to explore new strategies and sell crypto, which can be done on Binance very easily. This guide will enable you to sell on Binance while providing the maximum security available.
Step 1 – Create and Verify Your Binance Account
You need a fully verified account before sell crypto on Binance in Pakistan. Visit the Binance website or download the mobile app. If you don’t have the account, then click here to create an account.
The KYC (Know Your Customer) process for Pakistani users requires:
- Active CNIC Computerized National Identity Card
- Address proof (voter ID, utility, or a bank statement)
- Identity verification—selfie photo
Suggestions for effective verification:
- Ensure all relevant documents appear singularly, easily discernible.
- Taking pictorial images under good lighting conditions is critical
- In the interest of quick processing, carry out verification within the hours of the day
- Keep all arguments in the documents in sync and in perfect order to avoid discrepancies.
Pakistani users should expect the system to spit out a return within 1-2 business days. Sometimes its verified in 30 mints are even in less time. Once approved, you can now enjoy features but not limited to P2P trading on binance it also gives lot of other features.
Step 2. Transfer your crypto to your Binance wallet
For crypto stored externally, first, the crypto needs to be sent from the external wallet to the Binance account. Go to the Binance wallet, and under your selected bank, allocate the crypto you wish to deposit.
Supported coins for Pakistani users include:
- Bitcoin (BTC) – Most liquid and widely accepted
- Ethereum (ETH) – Popular for DeFi activities
- Tether (USDT) – Stable value, preferred for trading
- Binance Coin (BNB) – Lower transaction fees
- Other major altcoins with good P2P liquidity
After making your deposit addresses on Binance, copy the designated address on Binance and ship your crypto from your external wallet. If the addresses are too far apart, start at a lower end and then slowly increase to a higher range to make it more comfortable. With the addition of network congestion, the total is around 60 minutes.
Step 3. Go to P2P trading in Binance
P2P is the payment approved for users from Pakistan, over all other payment methods, for two reasons. One P2P trading on binance allows users to transact with one another, making it a more beneficial means of external trading. From your Binance home page, locate the menu labeled “Trade,” then find P2P trading and select it.
- Direct interaction with local buyers offering competitive rates
- Support for Pakistani Rupee (PKR) transactions
- Multiple payment options, including local banking methods
- No additional exchange rate conversions
The P2P marketplace shows active buy and sells orders from verified users, along with their completion rates, response times, and user ratings to help you choose reliable trading partners.
Make sure before going to sell you must have to add the payment method because that payment option will shown to to buyer when he is going to send the payment to you account. If you don’t now how to add the payment method? Then watch the video where we explain it in very simple way and add the the Easypasia payment method step-by-step.
Step 4. Choose the "Sell" Option and Select Your Crypto
In the Binance P2P trading interface, click on the “Sell” tab to view buyers looking for your cryptocurrency. For example, if you want to sell Bitcoin on binance in Pakistan, select BTC from the cryptocurrency dropdown menu.
The platform will display active buy orders showing:
- Buyer’s offered price per unit
- Minimum and maximum transaction amounts
- Available payment methods
- Buyer’s completion rate and user rating
- Average response time
Reviews suggest that People usually suggest completing a bank transfer for payments because it usually offers the best rates. But payment through mobile wallets like Easypaisa tends to be processed faster.
Step 5. Choose a payment method from Bank Transfer, Easypaisa, or JazzCash.
Binance and Easypaisa have partnered to make it easy for those who wish to withdraw crypto to a bank account or mobile wallet.
Available payment methods:
Bank Transfer:
- Highest rates but slower processing (2-24 hours)
- Suitable for larger amounts
- Requires verified bank account details
Nayapay:
- Fast processing (5-30 minutes)
- Lower transaction limits
- Widely accepted across Pakistan
Easypaisa:
- Quick transfers (5-30 minutes)
- Good for medium-sized transactions
- Extensive agent network
When selecting your payment method, ensure your account details are accurate and match your verified identity. Always double-check your account and your validated identity to smooth the transfer process. To ensure crypto wallet to bank account transfers.
Step 6 – Confirm The Transaction and Get Paid
Select a buyer, payment method, and set the amount, and you will be able to cash out crypto instantly. Your cryptocurrency will be placed on hold until payment is confirmed.
Always follow the steps to ensure you’re referencing and to secure your account.
Guidelines for Safety:
- Only release crypto after confirming payment in your account
- Keep all transaction records and screenshots
- Use Binance’s chat feature for communication
- Report any suspicious behavior immediately
- Never share personal information beyond what’s necessary
The buyer typically has 15-30 minutes to complete payment. Once you confirm receipt of funds, click “Release” to complete the transaction. Your crypto will be transferred to the buyer, and the transaction will be marked as complete.
How to Withdraw Crypto to a Bank Account in Pakistan
Beyond P2P trading, Binance offers additional methods for Pakistani users to convert cryptocurrency to local currency and withdraw funds to their preferred accounts.
Direct Bank Transfer Method:
- Navigate to “Wallet” > “Fiat and Spot”
- Click “Withdraw” and select PKR
- Choose bank transfer as the payment method
- Enter Bank Details (IBAN, account number, Bank name)
Specify the withdrawal amount. 1,000 PKR is the minimum amount, on average.
Verify your account with additional security. Type the code that is emailed or sent to your phone.
Wait 1 to 3 working days for your payment to be processed.
Mobile Wallet Withdrawal:
- Select “Withdraw” from your PKR balance
- Choose JazzCash or Easypaisa
- Enter your mobile wallet account number
- Confirm withdrawal amount and fees
- Complete two-factor authentication
- Funds typically arrive within 5-30 minutes
Important considerations:
- Bank transfers offer better rates for larger amounts
- Mobile wallets provide faster processing for smaller transactions
- Always verify recipient details before confirming withdrawals
- Keep records of all transactions for tax purposes
Conclusion
Selling cryptocurrency on Binance for Pakistan serves us users as the fastest and secure method for converting digital assets to the local currency through several local payment options. By using this guide, users can avoid pitfalls when using P2P trading and gain access to better selling and buying rates for their crypto.
Once again, new users need to remember to trade small amounts when getting to know the new platform, to pay close attention to the local laws when operating, and to always check that payment has been received before crypto is released. Whether on P2P mode or the main trading platform, this guide how to sell crypto on Binance in Pakistan can save users a lot of time and help them better manage their digital portfolios.
To start selling your crypto assets, go to the P2P mode and start searching for preferred buyers on your Binance account.
All trading operations carry a significant number of risks; for this reason, we would like to remind readers that the piece is purely for academic and illustrative purposes and should not be deemed as professional advice. Conduct a thorough analysis and also check facts to ensure that the information is fully correct.
Investors are also encouraged to do their own analysis and consult a trusted financial professional before any investment strategy.
When selecting your payment method, ensure your account details are accurate and match your verified identity. Always double-check your account and your validated identity.
Summery
This step-by-step guide assists Pakistani cryptocurrency holders with all the procedures involved in selling their digital assets on the world’s largest crypto exchange, Binance. The guide explains the selling digital assets process after signing up, KYC procedures, and P2P transaction with buyers in the home country.
The guide includes more than crypto selling steps which also explains the deposits, the Binance P2P marketplace, and convenient payment methods like Easypaisa and bank transfers. It answers the frequently asked questions and concerns regarding cryptocurrency legality in Pakistan and also emphasizes cryptocurrency security measures in the guide. This document is rich with information which pertains to payment fees, transfer speeds, and legalities.
In addition, the article also contains suggestions on safe trading. It includes buyer verification, trading, and transaction security steps. This guide is among the best in Pakistan emphasizing cryptocurrency trading and has more than 2,500 words. It is rich in information and helps users in exchange with Binance.
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FAQs
Yes, you can sell Bitcoin directly to Easypaisa through P2P trading on Binance. Many Pakistani buyers on the platform offer Easypaisa as a payment option. Simply select BTC in the P2P selling interface and filter for buyers offering Easypaisa payments. Transactions typically complete within 5-30 minutes.
P2P trading on Binance is completely free - the platform doesn't charge fees for P2P transactions. However, you may encounter:
- Network fees when depositing crypto to Binance
- Spread differences between buy/sell prices
- Payment processor fees from banks or mobile wallets (typically 0.5-2%)
Start by trading small amounts with new buyers to gauge their reliability. Foster relationships with reputable traders for future transactions. It's important to inform Binance support right away about any malicious activity.
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