Can you buy crypto at the National Bank of Pakistan (NBP)?
Are you thinking about investing in crypto with your bank account at National Bank of Pakistan? In that case I have good news for you: by following the steps in this article, you can buy crypto with your bank account at NBP without any problems.
How to buy crypto with NBP?
Step 1: sign up with a crypto exchange
You need an account with a crypto exchange, as NBP itself does not sell crypto. Opening an account with a crypto exchange usually takes just a few minutes:
| Brokers | Informatie | Registreren |
|---|---|---|
 | Handel in Bitcoin & andere cryptos! Probeer gratis met een demo & stort geld met NBP . Cryptoassets zijn erg volatiel en niet gereguleerd. Geen consumenten bescherming. Belastingen over winsten kunnen van toepassing zijn. |
Step 2: deposit money with National Bank of Pakistan
Before you can deposit money, you must first verify your crypto account. You verify your account by uploading a copy of your passport and proof of address. Most exchanges take a few hours to check these details, but when it is busy, it can take several days.
Keep in mind that many crypto exchanges charge extra fees when you deposit money using a credit card.
Step 3: buy crypto with NBP
Next, take the time to select the crypto you want to invest in. After all, there are hundreds of options and this can sometimes be overwhelming. In any case, research the following:
- Is the development team behind the cryptocurrency trustworthy?
- Does the crypto offer useful functionality, and is the crypto not just valuable because of hype?
- Does the developer have a clear future vision for the cryptocurrency?
When you are certain that you want to invest in a cryptocurrency, you can submit an order. To do so, click on the crypto and open the order screen. Within the order screen, you then enter the amount you would like to invest and press the buy button. Your fiat will now be exchanged for the crypto you wanted to buy within seconds.
The vision behind Bitcoin & crypto
Bitcoin was introduced in 2009 by Satoshi Nakamoto. It was a revolution in the financial world, a new system without intermediaries and with an independent and decentralized network. The idea behind Bitcoin is to give power back to users and give them the freedom to send money anywhere, anytime.
With Bitcoin, money is back in people’s hands. Bitcoin adoption is growing steadily, and the digital currency is increasingly accepted as an investment. Buying bitcoin & other crypto is therefore more appealing than ever! Do research the risks though, as crypto are very volatile and you can also lose your deposit.
What is NBP’s crypto policy?
The National Bank of Pakistan has not published a clear crypto policy. NBP does not block user transactions to crypto exchanges at the time of writing. Therefore, you can invest in your favourite crypto with your bank account with NBP without any problems.
About National Bank of Pakistan
National Bank of Pakistan, also known as NBP, is a leading bank in Pakistan and is known for its excellent customer service and innovative products and services. NBP has a long history of financial growth and stability since it was founded in 1949.
The bank has more than 1,500 branches across the country and offers a range of products and services, including savings accounts, loans, current and card services and corporate finance.
However, NBP is more than just a bank – it is a company with a mission. NBP wants to contribute to the economic development of the country and therefore works closely with the government and the private sector to finance projects aimed at economic growth and job creation.
A fun fact about NBP is that it was the first bank in Pakistan to offer mobile banking services. In the future, will National Bank of Pakistan also be the first bank to offer crypto to its customers?
Can you buy Bitcoin from NBP?
At the time of writing, you cannot invest in Bitcoin & other crypto with your bank account at National Bank of Pakistan. The bank was the first bank to introduce mobile banking though, so I am hopeful that they will soon offer crypto as well. Until then, however, you can invest in crypto with your bank account at NBP without any problems. Scroll up to instantly see the list of my favourite crypto exchanges!
