How to Withdraw Money From Binance in Pakistan

Pakistan has quietly become one of the fastest-growing crypto markets in the region, and Binance sits at the center of that activity. But once it’s time to turn digital assets into real money, many users run into the same question: how to withdraw money from Binance in Pakistan.

Binance continues to operate as a global crypto exchange, but withdrawing PKR works differently than in countries with direct bank cash-out options. Pakistani users typically rely on Binance P2P trades or move crypto to external platforms.

Each method comes with its own steps, fees, and trade-offs. In this guide, I’ll walk you through how Binance withdrawals actually work in Pakistan and how to choose the smoothest path for cashing out your crypto.

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Binance in Pakistan: What’s Available?

Binance is one of the largest crypto exchanges in the world, and users in Pakistan can access most of its core features without major restrictions. So if you're wondering: Is Binance banned in Pakistan? The answer is no.

This is a notable development, as cryptocurrency in that country has emerged as an alternative to traditional financial systems.^[1]

The platform allows you to buy, sell, and hold a wide range of cryptocurrencies, making it a common starting point for people entering the crypto space. So that means it mainly works as a place to:

• Buy and sell cryptocurrencies;
• Store digital assets in a secure wallet;

• Trade popular coins and tokens;
• Access crypto-related products like Earn and Futures;
• Cash out through the P2P marketplace.

For everyday users, Binance functions much like it does in other countries. The main difference is that withdrawing PKR to a direct bank withdrawals aren’t available, so cashing out usually happens through P2P trades or by transferring crypto to another platform.

How to Use Binance in Pakistan?

You might already be using Binance to trade or hold crypto. Or maybe you’re here because you’ve just created an account and want to figure things out from scratch.

Either way, I’ll quickly walk you through how to use Binance in Pakistan and how it works at a basic level, so the withdrawal steps later on make complete sense.

First, you create a Binance account using your email or phone number. After signing up, you’ll complete identity verification through KYC, which unlocks features like trading, P2P access, and withdrawals.

Once your account is verified, you’ll need to add funds. In Pakistan, you can use JazzCash, EasyPaisa, or bank transfer through Meezan Bank, UBL, Allied Bank, and more. After that, you’re free to use the platform however you like.

And when you’re ready to turn crypto into local currency, Binance P2P is the tool that makes it possible. I’ll cover Binance’s legal status in Pakistan next, and then walk you through exactly how P2P withdrawals work step by step.

Is Binance Legal in Pakistan?

If you’re wondering is Binance legal in Pakistan, the simple answer is that Binance isn’t officially licensed by local financial regulators. At the same time, it’s also not banned for individual users.

This puts Binance in a gray area where the platform is accessible, but not formally regulated. That kind of middle-ground approach is common in countries like Pakistan, where there’s a growing interest in digital finance while formal crypto regulation is still taking shape.^[2]

That said, local regulators have issued general warnings about crypto being outside the traditional banking system. In simple terms, this means you don’t get the same protections you would with a regular bank if something goes wrong.

In practice, Binance is still accessible in Pakistan, and thousands of users actively use the platform. The main thing is understanding how it works, using Binance’s built-in safety features like escrow, and following safe steps when withdrawing money through P2P.

📚 Read More: Is Binance Safe?

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How to Withdraw From Binance in Pakistan

Once you’ve built up crypto on Binance, the next step is getting those funds back into everyday money you can actually use. In Pakistan, this means following a withdrawal process that’s slightly different, but still reliable once you know the steps.

Binance P2P Withdrawal in Pakistan (How It Works)

Binance P2P is a peer-to-peer marketplace where users buy and sell crypto directly with each other. Instead of Binance sending PKR to your bank, another buyer sends you the money, and Binance serves only as a middleman holding the crypto in escrow.

When you withdraw through P2P, you list or accept an offer to sell USDT. The buyer transfers PKR to your bank account, and once you confirm the payment, Binance releases your USDT to them.

You’ll notice that USDT is the main asset used for this process. That’s because USDT is a stablecoin pegged to the US dollar, which keeps its value steady during the withdrawal.

That said, USDT isn’t your only option. Binance P2P also supports major coins like BTC, ETH, and BNB. These coins have plenty of active buyers, so it’s usually easy to find someone willing to trade. The difference is that their prices change more often, so the PKR amount you receive can vary with the market.

Because of this, most users prefer USDT for predictable cash-outs, while BTC, ETH, or BNB make sense if you’re already holding them and don’t want to swap first.

Step-by-Step: Withdrawing From Binance to Your Bank Account

Now that you know how Binance P2P works, it’s time to put it into action. This is the part where you actually sell USDT and receive PKR in your bank account.

I’ll walk you through each step as if you’re doing it on your phone, so you know exactly what to tap, what to check, and when to confirm the payment.

At this point, the PKR is already in your bank account, and the USDT has been sent to the buyer. That’s the full process of withdrawing money from Binance in Pakistan using P2P.

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Things to Know Before Using Binance P2P in Pakistan

Using Binance P2P Pakistan is the most practical way for local users to withdraw funds, but it helps to understand both its strengths and trade-offs before starting your first transaction. So, in this section, I’ll go over the pros and cons so you’ll know what to expect.

Pros of Binance P2P

There are several reasons why you and/or other users in Pakistan should rely on Binance P2P for withdrawals. Some relate to safety, while others come down to convenience. And here’s what some of those look like:

• Local payment support. Many buyers offer direct bank transfers and mobile wallet payments like Easypaisa, SadaPay, Raast, and more. This makes receiving PKR simple and familiar.
• Buyer choice. You can pick who you trade with. Checking ratings and completion history helps you stay in control.

• Escrow protection. Binance locks your USDT during the trade. Your crypto is only released after you confirm payment.
• Quick Settlements. Most trades finish within minutes, so you’re usually not left waiting long thanks to the steady flow of active buyers.
• Single account use. Your regular Binance account works for P2P too. No extra sign-ups are needed.

These features make Binance P2P a practical option for how to withdraw money from Binance in Pakistan. And it’s even more so if you’re comfortable handling person-to-person payments.

Cons of Binance P2P

At the same time, P2P trading isn’t perfect. There are a few points worth keeping in mind before you rely on it regularly.

• Depends on the buyer. Sometimes you need to wait for the other person to send your money (cause you’re dealing with a real person). Slow or unresponsive buyers can delay your withdrawal.
• Rate differences. Exchange rates change often, so it’s worth double-checking offers. Some look good at first but turn out less favorable once you read the details.

• Learning curve. While Binance has guides on P2P trading, you still need to learn a thing or two about escrows and disputes if you’re not familiar with them.
• Bank sensitivity. Frequent incoming transfers from different people may raise questions from your bank.

If these trade-offs feel like too much hassle, you might prefer a more direct cash-out service to relying on P2P buyers.

Ogvio: Alternative to Binance Cash-Out in Pakistan

By now, you’ve seen that withdrawing from Binance in Pakistan usually means using P2P and dealing with buyers, exchange rates, and person-to-person payments. That works fine for many users. But if you’d rather avoid that back-and-forth, there’s another route worth knowing about: Ogvio.

Ogvio works more like a crypto-friendly financial app than a traditional exchange. Instead of matching you with a buyer, it focuses on helping you receive crypto and convert it to fiat more directly.

Another reason Ogvio fits well here is flexibility. It’s not only useful for cashing out your own crypto. If you use crypto to send money to family, pay someone abroad, or move funds between wallets, Ogvio can also act as a simple receiving and conversion tool.

And beyond cash-out, Ogvio also offers:

• Personal crypto wallets (non-custodial);
• Fiat balances linked to your account;
• Easy crypto transfers between users;
• Tools for sending and receiving funds across borders.

On the security side, Ogvio follows standard wallet-based practices. You get your own wallet address, control incoming transfers, and confirm the withdrawals yourself. That means you’re not relying on unknown buyers to send payments.

Ogvio Crypto Cash Out: How It Works

Ogvio’s crypto cash-out flow is designed to feel closer to a normal withdrawal than a marketplace trade. Now here’s what makes this approach appealing:

• Simple flow. You send crypto to your Ogvio wallet and handle conversion inside one platform.
• Direct withdrawals. Cash-out is handled through platform tools rather than person-to-person trades.

• Clear rates. You see the conversion or withdrawal terms before confirming.
• Built-in safeguards. Transactions happen inside your account, without negotiating with buyers.
• Less manual checking. No need to verify buyer profiles or wait for a bank transfer.

In short, this approach removes the “pick a buyer and wait” step that comes with Binance P2P. I’ll show the exact Binance to Ogvio transfer steps in the next chapter.

Step-by-Step: Withdraw From Binance to Ogvio

When moving funds from Binance to Ogvio, using a stablecoin makes the process much easier. In this flow, USDC is the key asset, since Ogvio supports USDC deposits on the Base network for seamless cash-out.

Before sending funds from Binance, you’ll first need to convert your USDT to USDC. That conversion step is an important part of the process, and Binance offers a simple way to do it. Simply go to [Trade] and choose [Convert & Block]. Change the currency to convert to USDC and enter the amount.

Once you have USDC ready in your Binance account, transferring it to Ogvio is straightforward. Here’s how to complete the withdrawal step by step.

After the transfer is complete, your crypto now sits in Ogvio instead of Binance. From here, you can use Ogvio’s built-in tools to convert or withdraw your funds to PKR, without relying on Binance P2P buyers.

Things to Know Before Using Ogvio to Withdraw PKR

Ogvio works differently from Binance. Instead of acting like a traditional exchange with shared internal balances, Ogvio is built around a personal crypto wallet. You receive crypto into your own wallet address, then use the app to convert or withdraw funds.

Ogvio uses a non-custodial wallet structure, which means:

• Your crypto sits in a wallet tied to your account;
• You control the funds, not the platform;
• Transactions are recorded on-chain, not in an internal exchange ledger.

Because of the non-custodial setup, it’s important to stay careful when sending crypto. Always double-check the wallet address before confirming a transfer, make sure you’re using the correct network, and avoid sending funds to any address you’re unsure about.

Ogvio can also be used as a remittance-style platform. Some users send crypto to Ogvio, convert it, and withdraw it to a bank account. Others use it to receive funds from abroad and manage them inside the app.

When fiat banking is involved, there are a few extra rules to keep in mind. If you plan to deposit money via bank transfer or withdraw funds to a local bank account, Ogvio will ask you to complete identify verification (just like you would on Binance).

Withdrawal Minimums and Limits: Binance VS Ogvio

When withdrawing money from Binance in Pakistan, the minimum amount you can cash out depends on the method you use (which is pretty standard for major crypto exchanges).

And since we covered two ways on how to withdraw money from Binance in Pakistan (Binance P2P and Ogvio), the next few sections will help you understand how each of them handles minimums and limits.

Binance P2P Minimums in Pakistan

For a Binance PKR withdrawal through P2P, Binance does not set a fixed minimum. Instead, the minimum amount of Binance cash out USDT to PKR is determined by the buyer’s ad.

Each buyer on Binance P2P Pakistan lists their own minimum and maximum trade size. You must meet the ad’s minimum to start a sell order (around $10 to $20). On top of that, your bank may have its own limits on incoming transfers. So, in short:

• Binance doesn’t fix PKR withdrawal minimums.

• Buyer ad limits decide how much you can sell.
• Bank transfer limits may also apply.

Because of this, it’s always a good idea to check the buyer’s ad details before starting a trade. That way, you know exactly how much you can sell and avoid canceled orders or delayed payments.

Ogvio Minimums and Limits

Now, if you withdraw from Binance to Ogvio instead of P2P, the minimum works a bit differently. Here, what’s most important is meeting these criteria:

• The minimum USDT amount Ogvio accepts for deposits.
• Any minimum conversion amount when turning USDT into PKR.
• Daily or monthly withdrawal limits based on your Ogvio verification level.

In this flow, you’re not waiting for a buyer. Once your USDT reaches Ogvio, cashing out follows the limits set by the platform rather than marketplace ad limits (in P2P). That can feel more predictable, especially for smaller or repeated withdrawals.

Fees and Limits When Cashing Out Crypto in Pakistan

When cashing out crypto, it’s always worth understanding what fees and limits you might run into. Some costs are obvious, while others show up indirectly through exchange rates or network charges.

Since Binance and Ogvio handle withdrawals differently, their fee structures don’t work the same way. And that’s exactly what I’m sorting out in this chapter.

Binance Fees for Cashing Out in Pakistan

When withdrawing through Binance P2P, the main factor that affects how much PKR you receive is the rate set by buyers. Each buyer sets their own USDT-to-PKR price, so your final payout depends on market demand at the time.

Another cost to keep in mind is the network fee if you move crypto out of Binance before cashing out. While P2P itself doesn’t charge a marketplace fee, sending assets across blockchains always includes a small network fee set by the blockchain, not Binance.

If you want a broader look at Binance fees beyond P2P, including trading and withdrawal charges, it helps to review how Binance structures costs across different services.

📚 Read More: Binance Fees

Ogvio Fees for Cashing Out

Ogvio follows a wallet-based withdrawal model, so its costs appear at different points in the process. Instead of selling to another person, you transfer crypto into your Ogvio wallet and use the platform’s internal tools to convert or withdraw funds.

In practice, fees may come from:

• The blockchain network fee when sending crypto from Binance to Ogvio.
• The conversion rate shown when swapping crypto inside Ogvio.
• The bank withdrawal or payout terms apply when moving fiat to your account.

Note that the network fees only apply when sending crypto on-chain, and even then, they're usually low compared to the usual international transfer fees. That makes Ogvio a practical option for cashing out crypto and one of the best ways to send money to Pakistan (or from Pakistan).

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Limits: What Usually Sets the Boundaries

Limits also work differently depending on the method you choose. On Binance P2P, trade minimums and maximums depend on buyer ads and your bank’s transfer rules. On Ogvio, limits are typically tied to account verification, country corridor, and banking compliance requirements.

The bottom line is that Binance P2P costs are mostly driven by buyer rates and timing. Ogvio costs show up through network and conversion terms.

In both cases, checking the final payout preview before confirming any transaction is the easiest way to stay in control of your withdrawal.

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Conclusions

Understanding how to withdraw money from Binance in Pakistan starts with knowing that Binance works normally for trading, but PKR withdrawals follow specific routes.

Most users cash out through Binance P2P, selling USDT to local buyers and receiving PKR in their bank accounts. If you prefer avoiding buyer interactions, Ogvio offers an alternative by letting you transfer crypto out of Binance and handle cash-out there.

Both methods are reliable. The better choice depends on whether you want marketplace flexibility or a more direct withdrawal flow.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Chohan U.: ‘Cryptocurrencies: Illegal in Pakistan?’;

2. Chohan U.: ‘Pakistan Crypto Council: Cautions and Considerations’.