How to Trade on Bitget in Pakistan

How to Trade on Bitget in Pakistan

Despite the absence of crypto regulations in Pakistan, there are several cryptocurrency exchanges that allows enthusiastic Pakistani traders to invest and hold this lucrative asset class.

Among the multiple exchanges available, Bitget is one of the popular cryptocurrency exchange available for Pakistanis.

In this article, we’ll learn about Bitget and how can Pakistanis trade on this exchange. Without any further ado, let’s begin.

What is Bitget?

This can be a good option for rookie Pakistani traders who may lack the proper market knowledge required to make profitable investments. Copy trading, therefore, enables one to learn from professionals and potentially replicate their successes.

Platforms like Bitget that offer copy trading also provide certain metrics that can aid one in identifying traders easily and swiftly.

Bitget, however, has much more to offer, but we will instead be focusing more on its onboarding process here so that you can immediately start trading and experience what it has to offer.

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Coin-Labs.com has been a business partner with Bitget since 2021.
Therefore, if you sign up for Bitget through Coin Labs, you can get the best fee discount and participate in various events offering up to $4,163 bonuses.

Step 1. Register

The trading process on any exchange begins with the registration process, which this section will cover. To register on Bitget, just head over to its official website and click the Sign Up button (learn more about how to sign up for Bitget here), which you will find towards the upper right. Or just simply click on the Register button below. It will direct you to the Bitget signup page with Coin-Labs’ exclusive referral code.

On the registration page, you can register either by using your email address or your phone number. Whether you register through your phone number or your email, you will have to agree to its Terms of Use and set up a strong password, after which you will be sent a verification code that you will have to enter to verify your email or phone number.

And that’s it; you’re done with the registration process.

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Step 2. Complete KYC

KYC, aka Know Your Customer, or identity verification standards need to be completed for every user on the Bitget exchange if they want to secure their account from financing risks or fraud. So, if you want to experience trading on Bitget without any limits, you might want to get done with the KYC process as soon as possible.

First, log in to the account you just created on Bitget, click your profile icon, and then select the ID Verification option. Following this, you might want to fill in information like Google verification, phone number, Funds password, etc. Then, enter that ID verification page and select Verification to begin the verification process.

Fill out your ID information, nationality, and country (CNIC in case of Pakistanis). Afterward, you will have to follow some instructions that will require uploading photos of some documents.

There are a few things to note here. First, once you enable your camera, you will have to take both the back and front photos of the CNIC ID you are adding while ensuring the clarity of the pictures. Then, when you submit this, you will be directed to the selfie page, where you will have to take a selfie that clearly shows your face.

Once you are done with all of this, you will get a pop-up notification stating that you have been successful in submitting your KYC information, after which your data will be reviewed promptly. If your account has been successfully verified, you will receive a notification about it on your email address or phone number.

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Step 3. Add funds

Now that you are done with the registration and KYC processes, the next step would be to fund your account, i.e., to make a deposit. So visit either its mobile application or its official website and log in to your Bitget account.

Click the Assets option and choose the token you wish to deposit. Select Deposit and copy the deposit address of the token and paste it as the withdrawal address into the exchange or wallet you want to transfer the funds from to complete your deposit.

A few things to note here, however, are that you have to make sure that the deposit address and the deposit token are correct prior to deposit (learn more about how to deposit on Bitget here), that there are no deposit fees charged by Bitget, and that the deposit may take anywhere from 5 to 10 minutes.

Alternatively, you can also deposit PKR currency in Bitget and use it to purchase different cryptocurrencies, including BGB, BTC, BNB, and XRP.

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Step 4. Buy crypto

Now that your account has been funded, you can easily buy the cryptocurrencies Bitget offers. But before you do, you may have to transfer some funds to your spot or futures account first. Once you have done that, from the Bitget homepage, go to the spot trading page, where you will find its real-time order book, which will aid you in adjusting your ask or bid price.

Choose your preferred trading pair, then, and select Market. Add the amount you want to purchase in the Buy section, place your order, and simply wait for it to be executed at the existing market price. And there you have it; this is just one of the ways you can buy cryptocurrencies on Bitget.

Fiat currency

The Bitget exchange offers a healthy number of fiat options or currencies. In fact, you will even find fiat trading pairs when you head over to its spot trading page. Consequently, you can buy cryptocurrencies using fiat by hovering over the Buy Crypto section and choosing any of the options offered, like P2P, credit or debit cards, and third-party, which will be discussed briefly below.

Debit/credit card

Buying tokens using credit or debit cards on Bitget is pretty straightforward. First, start off by logging into your account on Bitget. From its homepage, select Buy Crypto and then Credit/Debit Card from its drop-down menu. Depending on where you live, you can make deposits using more than 40 fiat currencies, such as PKR, USD, EUR, AED, AUD, etc. Since you’re trading from Pakistani, you’ll choose PKR.

Select the fiat currency you want to make the payment in, the token you want to purchase, and the payment method, like VISA or Mastercard, and click Next. You will leave the exchange upon doing this and be taken to the third-party service provider, where you may have to verify your identity.

Once that is over with, i.e., the verification, your payment may be completed, after which you will need to pay some fee to the service provider as well as on-chain transfer fees. Moreover, these fees are exclusive of Bitget, which does not charge anything here.

One thing to note here is that you might have to wait around 3 to 10 minutes for your tokens to be sent to your Bitget account, even if the payment has been completed on the third party’s end.

P2P

P2P trading at Bitget provides users with more control regarding who they can trade with, the payment methods, settlement times, and the price. Currently, there are two ways to buy tokens using P2P at Bitget.

One way would be to look for an ad that has your desired rates within Bitget’s marketplace and then place your order to buy the tokens. The other way would be to post your own ad within the marketplace, which only P2P merchants at Bitget can do.

Once your order has been placed, you have to make the transfer to your seller through the payment methods, which you can find within the order information. So, select the Paid button below after you have completed that fiat transaction.

With the completion of the transaction and the seller’s confirmation of the payment receipt, you can then view your funds within your P2P account.

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Step 5. Start trading

Now that you know of the various methods to purchase cryptocurrencies on Bitget, you are all set to start engaging with the various services this exchange provides, like futures, spot, copy trading, etc. Just head over to the Trade drop-down menu from its homepage and choose the trading option you’d like.

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