BTC to PKR exchange rate status

As of today, the market exchange rate of BTC to PKR (Pakistani Rupee) is approximately 30,954,543 PKR/BTC, which means that one Bitcoin can be exchanged for over 30 million Pakistani Rupees. This data is subject to fluctuations at any time, and investors should refer to real-time quotes when trading.

Does Gate support direct exchange of BTC to PKR?

Image:https://www.gate.com/p2p/sell/BTC-PKR

On the Gate platform, users can directly sell BTC for PKR. However, it is important to note that this direct exchange usually has a worse exchange rate than the market BTC/USDT rate. To cover the settlement costs of local currency conversion, the platform may have a significant price difference (slippage).

Therefore, if you are pursuing a better exchange rate, it is recommended to use an indirect exchange method.

Why is it recommended to transfer through USDT?

USDT (Tether) is a stablecoin pegged to the US dollar, with high liquidity on most global trading platforms. Due to the higher market depth of BTC/USDT and USDT/PKR pairs, the overall exchange rate is closer to the true market price.

The recommended exchange path is as follows:

• Buy BTC: Purchase USDT with PKR, then exchange USDT for BTC
• Sell BTC: exchange BTC for USDT, then sell USDT for PKR

Although this transit path involves an extra step, it usually provides a better exchange rate, especially advantageous for large transactions.

BTC to PKR Operation Guide (Using Selling as an Example)

1. Log in to your Gate account and ensure that your account has completed KYC real-name authentication.
2. Enter the trading page, exchange BTC for USDT (spot trading)
3. Go to the fiat trading area and select the USDT/PKR trading pair
4. Place an order to sell USDT, bind a local bank account for withdrawal
5. Wait for the buyer to complete the transfer before confirming receipt and completing the withdrawal

Risks and Precautions

• Watch out for exchange rate difference: directly converting BTC to PKR may incur a significant exchange rate spread.
• Fiat currency area has limited liquidity: PKR is an emerging market currency, with lower depth compared to BTC/USDT.
• Use caution when trading OTC: The risk is higher for off-platform private transactions; it is advisable to use the platform’s escrow system for trading.
• The remittance method should match: when selling USDT, please ensure that the bank account information is correct to avoid failure

Click the link to start the exchange:https://www.gate.com/