Here is a concise and easy guide on how to get Dogecoin from Pakistan on our crypro exchange platform:
Please be aware that this may take from a few minutes up to a couple of hours for Dogecoin to arrive into your crypto wallet. We undertake to transfer your DOGE as prompt as possible, but from time to time there are delays because of the following reasons:
- Overload of the blockchain;
- Updates of cryptocurrency;
- DDoS attacks.
Voila! Your DOGE will be transferred to your wallet asap.
Reasons to Buy Dogecoin (DOGE) in Pakistan
Wondering if it's a good idea to acquire doge? Here are reasons why buying Dogecoin is worthwhile:
- Buy and hold: As prices for DOGE are still low, the coin has massive potential. Spending as low as 5,500 PKR can buy several hundred DOGE coins. It may be a long time before the value cracks 1$. But that's a foreseeable goal for many investors.
- Recent good performance: On 1st January 2021, the Doge price was $0.01. By May 7th, it had quickly shot up to $0.64. The price had risen many times over. While the value fell through the year, prices at the beginning of 2022 were notably higher than in all preceding years.
- Stable history: DOGE was the creation of Jackson Palmer and Billy Marcus in 2013. Though it started as a joke currency, it has survived on the market for many years while other coins have failed. Its market capitalization has seen the coin rank among the top 20 coins.
*Caution: All cryptocurrencies are inherently risky and unpredictable. Don't invest life savings or money required to fund living expenses.
Where can I buy Dogecoin in Pakistan?
Wondering where to buy dogecoin Pakistan? Residents of Pakistan can use the following channels:
A cryptocurrency exchange allows customers to exchange fiat money for crypto tokens or may allow them to sell coins they own. *Due to the central bank advisory for banks to halt transactions involving cryptos, it’s not advisable to make purchases from prominent crypto exchanges.
P2P deals comprise the bulk of crypto purchases in Pakistan. The P2P platforms facilitate exchanges between strangers by offering escrow services. But be careful when using such platforms, as they tend to have custodial wallets that may subject withdrawals to high fees.
Fiat to crypto vendors
They are payment services providers that simplify the purchase of DOGE. Changelly works with renowned on-ramp sellers that may still support Pakistan customers.
Is Dogecoin coin available in Pakistan?
Cryptocurrencies remain a grey area in Pakistan leading many to ask: Can I buy dogecoin in Pakistan?
It's no secret that cryptos are hugely popular in the country, where residents trade about $19 billion per year with an estimated 9 million holding crypto coins.
The cryptocurrency culture is very much alive as the government has not enacted any law to enforce a complete ban.
SBP’s position is largely against crypto exchanges and marketplaces. That’s why some predict that the government may ban cryptocurrencies rather than pass registration to govern them.
Other experts argue that cryptocurrencies can generate a lot of revenue, so the country should embrace crypto assets.
What is the cheapest way to buy DOGE?
How can I buy dogecoin in Pakistan at the cheapest rates? There are several steps to take.
The first way is to work with a crypto exchange reputed for offering the cheapest rates.
Another way is comparing rates offered across different platforms to find the best deal. Changelly performs the comparison for our buyers and highlights the best deal with all transaction fees included. That promotes the best savings when you buy cryptocurrency.
Сan I sell my Dogecoin in Pakistan?
DOGE holders can sell DOGE for fiat currencies on platforms that support the sale of cryptocurrencies.
Major crypto platforms may have this feature that is often accessed by visiting the SELL page. Because the coin is not as popular as Bitcoin or Ethereum, direct disposals may not be supported.
It may be necessary to convert DOGE to popular currencies for easier disposals. Make instant exchanges on Changelly to over 150 coins. Our platform also has a sell page. Payments may be made via bank transfers.
Do I need a bank account to buy Dogecoin in Pakistan?
It's not a strict requirement to have a bank account in order to buy dogecoin in Pakistan. For instance, P2P sellers in Pakistan request local payment methods such as JazzCash or Easypaisa. Changelly supports a wide range of payment methods, including Apple Pay, debit cards, or credit cards.
What are the taxes to buy DOGE in Pakistan?
Purchasing cryptocurrencies in Pakistan does not attract any taxation fees. In most countries, people only pay capital gains or income tax after they sell their crypto-assets for profit.
If the government decides to regulate cryptocurrencies, the FBR may likely require traders to pay income tax following any profitable disposals.
Where can I trade Dogecoin in Pakistan?
Trading digital currency can take several forms. Customers can either trade derivative products as CFDs. This is held to be riskier as buyers typically speculate on the price movements using fiat currency.
The second way to trade is to open an account on a crypto trading platform. Traders may need to deposit the cryptos to trade and will make trades based on pairs, for instance, DOGE to USDT.
Consider using Changelly Pro to participate in the cryptocurrency market. We offer some of the lowest trading fees and different order types. There are no charges for fiat deposits.
Can I buy Dogecoin with PayPal?
Wondering how to buy dogecoin in Pakistan with PayPal? Well, it's a little bit difficult as very few crypto trading platforms support PayPal payments. Very few individual sellers on P2P markets support the payment option.
When making purchases abroad, using international platforms will require payment using visa or MasterCard bank cards.
Can I buy Dogecoin with a Credit Card?
Purchasing Dogecoin with a credit card or debit card from a Pakistani bank may be a little problematic or subject to limitations. That's because of the Central Bank’s advisory for banks to prohibit the purchase and sale of cryptocurrencies. So, using local credit cards may even increase the risk of account freezes.
Media reports show that some customers have had credit cards suspended after banks suspected that they were purchasing crypto. This mainly affected popular crypto exchanges such as customers with a Binance account.
Can I buy Dogecoin with bank transfer?
It’s not advisable at the moment if the transaction is originating locally. But it can be a cheaper way to purchase, once the advisory is lifted. Bank transfers attract lower processing fees.
Can I transfer Dogecoin to my trading account in Pakistan?
Cryptocurrencies are not completely banned in Pakistan. The only issue pertains to purchases made from local banks. Transferring Dogecoin from a personal wallet to a trading account may not be subject to the government’s current restrictions. Swaps other coins can’t be controlled either.