People are dissing the old ways of making money and have shifted to trading. Trading is a new way to earn or make money – all you need is a smartphone, a fast internet connection, and a highly sharp brain. People are seen going from hand to mouth to swimming in pools of cash and that is all because of online trading.
You just need to keep an eye on the charts, open your ears for the latest news, keep important trading tips in mind and learn a few tricks. Even though it may sound too easy but you have to practice a lot before investing for real in the first place.
There are many online trading applications but one has to make sure to invest in highly rated apps. Binance has taken the Pakistani market by storm – surveys say that every 5th person has this app even if they don’t know how to use it.
Pakistan’s current economy has made it difficult for job holders to survive on a single salary and that is why people are opting for apps like Binance. So far, Binance is the top-rated online trading app and many people don’t know much about it.
The most common question arises, ‘how to deposit money in Binance from Pakistan?’. Before the digitalization in Pakistan, people found it very hard to trade online and they had to send money to their folks residing in foreign waters.
What is Binance?
Recently, Pakistan has been making leaps and bounds in bringing the latest tech to citizens. Now, there are more than many ways to deposit money in Binance from Pakistan. Binance is a cryptocurrency exchange platform, it was founded in 2017 by Changpeng Zhao. Other than cryptocurrency, you can trade by buying dollars, and shares of different companies.
You have to put money in the app to buy cryptocurrency, dollars, or invest in different currencies or companies. In this blog, you will learn how to deposit money in Binance from Pakistan in different ways and easy steps.
Steps of Depositing Money in Binance from Pakistan
Before heading to the main steps, you should know about the different payment methods used to deposit money in Binance from Pakistan.
- Bank transfer
- Easypaisa
- JazzCash
- Upaisa
- Cash deposit to the bank
- Skrill
- EasyPay
- Perfect Money
- Payeer
- Western Union
- Alfa-bank
- Revolut
- International Wire (SWIFT)
- Transferwise
Easypaisa is the easiest medium to deposit money in Binance in Pakistan. JazzCash is the second-most used app for transferring money and it has the same method.
1: Open the Binance app and switch off the lite version and go to the Pro version.
2: Click on P2P trading and select the commodity to invest in.
3: Click on Payment Method and select Easypaisa.
4: Click on buy, and you will be led to two options
1) By Fiat
2) By Crypto – select ‘By Fiat’.
5: Enter the amount and click on Buy with 0 Fee.
Step 6: The order Created screen will show and click on To Payment Page. You will see the details of the seller’s/vendor’s Easypaisa details. Select the Easypaisa account and copy the Easypaisa number.
7: Message the seller before making the payment that you are about to make a payment.
8: Open the Easypaisa application – click on Easypaisa and paste the number. You will then see the name of the seller/vendor and enter the amount. Click on send now.
9: Make sure to take a screenshot of the payment – there are times when the seller asks for the evidence.
10: Go to the Binance app and click on Transferred, notify the seller. You will soon see the payment in your Binance app. If you do not see any payment added in the app, click on Appeal and your matter will be taken care of.
Also Read: How to Withdraw Money from PayPal in Pakistan?
Conclusion
After the order is cleared by the seller/vendor, you will see the deposit in your Binance app and you can buy any cryptocurrency. Citizens of Pakistan are introducing new and homegrown ways of depositing money in different trading apps. The steps are simple but be sure to follow each step with care.
Ensure that your account is verified. Binance is a guaranteed way of earning good money – you can also practice offline and watch online tutorials to learn everything about online trading. You just have to watch out for market curves and bends and invest accordingly.
FAQS
A: Yes, Binance offers leverage trading on certain markets. However, it is important to note that leverage trading is considered a high-risk activity and users should be well-versed in the risks and strategies before participating.
A: The time it takes for a deposit to be credited to your account depends on the cryptocurrency being deposited and the current network congestion. Typically, deposits are credited within a few minutes to several hours.
A: To deposit funds into your Binance account, go to the “Deposit” page and select the cryptocurrency you wish to deposit. You will then be given a deposit address to send your funds to.
A: Binance has implemented a number of security measures to ensure the safety of its users’ assets. These include two-factor authentication, cold wallet storage, and regular security audits. However, as with any online platform, users should still exercise caution and protect their own information.
