A Cryptocurrency Exchange is a place where you can buy, sell, and trade digital currencies also known as cryptocurrencies. You must also create a digital wallet where you can store the cryptocurrency you will purchase. You will need a separate digital wallet to store Bitcoin (BTC), a separate one to store Ripple (XRP), and so on.
CryptoInvestor PK recommends one of the largest and most secure service providers who is friendly to crypto traders and buyers especially from countries like Pakistan, Sri Lanka, UAE, India, China. Binance.
Why Binance?
- Lowest Price Rates
- No Additional Fees
- Instant Transactions
- Accepts Credit & Debit Cards
- Most trusted, Secure and Safe
- Immediate Possession
How to register on Binance from Pakistan
Firstly, let us tell you one of the main benefits of having an account on Binance. Not only will they let you trade cryptocurrencies with leverage / margin, but they do not require you to verify your account. This means that you can deposit, trade, and withdraw your cryptocurrencies to and from Binance without providing details such as your ID Card (CNIC for Pakistanis), or Passport details. Normally, other crypto exchanges require you to upload copies of your ID card or Passport to be able to verify you before they allow you to trade cryptocurrencies or even deposit in their digital wallets.
Binance will only ask you for a valid e-mail address.
If you choose to verify your identity, they accept your National Identity Card (CNIC) or your Passport scans. The advantage of verifying your identity would be the ability to withdraw more than 2 BTC per day and access to higher leverage for trading. 2 BTC per day amounts to approximately $16,000 at the time of writing this, so it’s a very high daily limit for withdrawals.
Binance also offers leverage up to 20x but even with an unverified account you may access leverage of 5x.
How to get Crypto Wallet on Binance
Once you’re logged into Binance with an account, you will click on the “Wallet” tab on the dashboard bar. This will take you to a large list of crypto coins shown with an option for 3 actions next to the name: “Deposit, Withdraw, Trade”.
You can search for whichever coin you want to deposit into the wallet using the “search bar” at the top. E.g. to search for Bitcoin, you can use type in “bitcoin” or “BTC”. Then you will click the “Deposit” action. This will take you to your wallet which shows a “BTC Address” on the right side of the screen. This BTC Address is your wallet address. When sending BTC from a different wallet to this one, you will use the “withdraw” option on your other wallet and input this BTC address for it to be transferred to your Binance Wallet.
Make sure to copy the exact address, as an incorrect one might lose you your coins
Similarly, your Ripple (XRP), Litecoin (LTC), Ethereum (ETH), etc. wallets will have difference addresses when you click the “Deposit” button in front of their names on the Wallet page.
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