Steemit Crypto Academy Contest / S7W1 - Practical Guide on the best way to buy STEEM in Pakistan

CRYPTO ADOPTION IN MY COUNTRY AND POPULARITY OF STEEM TOKEN

There is no doubt that cryptocurrency is widely adopted in my beloved country of Pakistan. This is the reason why Pakistan ranks sixth in the world in terms of crypto adoption. We can gauge the crypto craze in Pakistan from the fact that around 9 million people from across Pakistan have invested in cryptocurrency, which is equivalent to 4.1% of the total population.

Although there are many restrictions regarding investing in cryptocurrencies in Pakistan and cryptocurrencies are not fully implemented yet, there are still many people who love them. There are no banks in Pakistan that allow their users to buy cryptocurrencies. But still many people invest in it; some people invest in it as money for their children's future.

Pakistan's oldest crypto investor is Waqar Zaka, who has told many people about cryptocurrency and is still busy with his mission. This is a celebrity who has his own crypto token called TENUP, and soon the TenUp exchange will serve as Pakistan's crypto exchange, just like India has Wazirx exchange. If this happens, crypto adoption will further increase in Pakistan. I hope crypto has a bright future in Pakistan.

And if we talk about STEEM, it's not as popular in Pakistan as it should be because it's so cool. In fact, most people in Pakistan use centralised social media and have less tendency to use decentralised social media. Since Steemit is a decentralised social media, people are less inclined towards it, but I very much hope that many people will be aware of it in the near future. And it will be a popular coin in Pakistan as well as all over the world.

DIFFERENT WAYS TO BUY CRYPTOCURRENCY

Although cryptocurrency is not fully legal in Pakistan, it is not banned; it just needs to be regulated. That's why there are many ways to buy crypto tokens in Pakistan; let me tell you some of them.

• CRYPTO EXCHANGES

There are many crypto exchanges in Pakistan where we can buy cryptocurrencies; many of them are centralised exchanges like Binance, Coinbase, and many others, and many of them are decentralised like UniSwap, Dydx, etc. Some of them are exchanges that give us the opportunity to buy dollars like USDT with Pakistani money from there, and then we can buy any crypto currency with those dollars. So the first way is that we can buy crypto with the help of crypto exchanges in Pakistan.

• FROM EACH OTHER

Another way we can buy cryptocurrencies in Pakistan is that we can buy them from each other. To save time and avoid scams, some people buy cryptocurrencies from friends or acquaintances, which is somewhat safe. If ever I buy crypto currency, I use the same method and buy dollars from a friend and then send him Pakistani rupees. This also saves me a lot of time, and we transact with each other very quickly and easily.

• FROM BROKERS

The third way we can buy cryptocurrency in Pakistan is with the help of an online broker. We can buy cryptocurrency from online brokers by giving them money, but it is a bit risky, and sometimes they can cheat people. This method is less secure than the two above as it carries risks. Since a couple of my friends have already been cheated in such transactions, I will not allow anyone to make a purchase in this manner. So this is the last way to buy crypto in Pakistan; there are many more ways, but that's enough for today.

STEP BY STEP METHOD TO BY STEEM TOKENS

As I have already told you, we can buy crypto in Pakistan in many ways. So I will buy STEEM tokens with the help of the first method, i.e., buying crypto with the help of a crypto exchange.

STEP 1

First of all, I opened the Binance Exchange on my mobile, and after opening it, the first thing I noticed was that your account should be verified, and my account is already verified.

STEP 2

After opening, you will see many options below. As I do, just click on the tarde option. Then I search for the STEEM/USDT pair in the search bar because I have money in USDT, and this pair will open in front of me as shown in the screenshots below.

STEP 3

Then I clicked the buy button and put 20 dollars in the box; as soon as I clicked the buy button, the STEEM was in my spot wallet. So this way, we can buy STEEM.

EASE AND DIFFICULTIES WHILE PURCHASING STEEM TOKENS IN MY COUNTRY

In Pakistan, we can buy crypto very easily. We just need to create an account on any crypto exchange like Binance, and this account must be verified by the exchange team. Then, we have to deposit some money in it, with the help of which we can get any kinds of crypto tokens like STEEM, etc.

Whenever I have bought crypto from an exchange, I have done so very easily and without too much trouble. because the exchanges are much more friendly and also because they don't have strong rules. Also, I sometimes buy dollars from my friends, and it is more convenient for me to buy tokens.

But it is not that we do not have problems while buying STEEM from the exchanges. Now, Binance has a strict rule that the name of your ID card at the time of verification must be the same as the name of your bank account; otherwise, you may face problems when you are buying crypto. But thank God, the name on my ID card is similar to my bank account name.

FUTURE OF STEEM TOKEN

Steemit is a platform that rewards quality content creators in the form of STEEM tokens. This is a platform where every day hundreds of people create their accounts and start their journey of creating quality content, and this platform is getting more popular day by day, and the STEEM token is also going to get more popular with it.

This token is what I consider one of my favourite and most trusted cryptos in the crypto market. And I see that in the near future it will become very popular, and many people will start adopting it. I have high hopes for the bright future of the STEEM token. I am very excited for it because this crypto is not only a good crypto, but it has a good platform running on Steem blockchain.

Regarding buying this token, I have already given you many ways to do so, all of which are very easy and appreciated. If the Pakistani government regulates crypto currency and makes it legal in Pakistan, then these methods will be very good and we will be able to buy more easily and quickly.