This topic has been dead for ages guys.
Please check OP
Thanks
Duke
Topic: I need to send money to Pakistan. Can I with Bitcoin? (Read 4303 times)
Of course. Send private key of the interested address at your friend and then give it to your pakistan friend (I guess), your pakistan friend then will convert bitcoin in its local value 
Why the necessity of sending private key? Private key shouldnt be transferred and should be kept to self as much a spossible.
The problem here is converting Bitcoin to the local value.
Make another thing. Convert bitcoin in US dollar and then change it in some local exchange in Pakistan. Is this possible? I guess yes, every country of the world has a local exchange :O
Yeah I guess thats how I would do it.! or just find a dealer in the specific country..from local BTC n just give him the bank details to send the cash while I send him the BTC.
Is there any chance to buy BTC via vouchers in Pakistan? Something like this: https://bit4coin.net/blog/Five-reasons-to-buy-bitcoins-via-vouchers.html
Yeh that does look good.
i dont get the point of your post ?
What is this reffering to.
Whose banks would you want to remit to ?
:S
What is this reffering to.
Whose banks would you want to remit to ?
:S
If you want to buy coins in Pakistan use western union or XpressMoney, or any of the Russian wire transfer companies like Anelik if nobody is on LocalBitcoins.
If you want to buy coins from Pakistanis and fund their bank accounts you can using flash remit: http://www.uaeexchange.com/stay-connected-to-know-more/flashremit-facility-to-pakistan if you live near a UAExchange branch or the hundreds of other remmitance services to Pakistan.
If you want to buy coins from Pakistanis and fund their bank accounts you can using flash remit: http://www.uaeexchange.com/stay-connected-to-know-more/flashremit-facility-to-pakistan if you live near a UAExchange branch or the hundreds of other remmitance services to Pakistan.
No nothing as of yet but this will be a very good thing for pakistan.
bitcoin broken down into PKR currency or even USD but that means that people would have to know the USD to PKR rate to pay the shop keepers as that rate itself is very volatile.
bitcoin broken down into PKR currency or even USD but that means that people would have to know the USD to PKR rate to pay the shop keepers as that rate itself is very volatile.
Is there any chance to buy BTC via vouchers in Pakistan? Something like this: https://bit4coin.net/blog/Five-reasons-to-buy-bitcoins-via-vouchers.html
Sorry i meant to buy in Pakistan.
We have a few miners but quantity is very less.
I dont know if you can buy directly with pakistan money but I guess it shouldnt be too hard to exchange your money for USD then buy BTC with that USD.We have a few miners but quantity is very less.
Hello
Its not hard.
Its just very expensive to do that.
Too much premium on buying usd and then transfer is even more expensive.
Sorry i meant to buy in Pakistan.
We have a few miners but quantity is very less.
I dont know if you can buy directly with pakistan money but I guess it shouldnt be too hard to exchange your money for USD then buy BTC with that USD. We have a few miners but quantity is very less.
Sorry i meant to buy in Pakistan.
We have a few miners but quantity is very less.
We have a few miners but quantity is very less.
You should be able to if they can access the internet.
Also at the moment we have a shortage of bitcoin in Pakistan
So if we can figure out a way for people to send us bitcoin for PKR that would be great.
Im always open for a new solution but the OP has not been answering so i guess this offer/option is now deceased.
Good luck
Duke
So if we can figure out a way for people to send us bitcoin for PKR that would be great.
Im always open for a new solution but the OP has not been answering so i guess this offer/option is now deceased.
Good luck
Duke
I did get intouch with you and I think you were having problems fees as trades priced high. What you have to realize is that we are an exchange( and very new) not a remittance service. You can post your bids and when the time is right they will automatically trade. At the time of writing this post. Please take note the BID rate is 31900+ for buying per btc(So this applies to you since you want to sell), the current international rate is around USD 317(interbank rate = 100.1 = 31731.7 so even if you minus the fee it will pretty much negate the fees)
If you do have any questions feel free to email us anytime.
If you do have any questions feel free to email us anytime.
Yeah, your exchange looks good, but the fees make it not worth it for high value remittances. I guess what's needed is a remittance service that is made for remittances, and has low fees accordingly.
You are right. Like I said we are new and only penetrating the market. Eventually it should even out. But right now if you have a large amount of bitcoins its difficult for us to take in.
get in touch with me on skype. I am sure we can find a solution
danyal.urdubit is my skype id
[email protected]
I did get intouch with you and I think you were having problems fees as trades priced high. What you have to realize is that we are an exchange( and very new) not a remittance service. You can post your bids and when the time is right they will automatically trade. At the time of writing this post. Please take note the BID rate is 31900+ for buying per btc(So this applies to you since you want to sell), the current international rate is around USD 317(interbank rate = 100.1 = 31731.7 so even if you minus the fee it will pretty much negate the fees)
If you do have any questions feel free to email us anytime.
If you do have any questions feel free to email us anytime.
Yeah, your exchange looks good, but the fees make it not worth it for high value remittances. I guess what's needed is a remittance service that is made for remittances, and has low fees accordingly.
Yes then they can exchange to fiat with localbitcoins.
I think you can use this exhange http://bitcoinpk.com/
I remember this before some time
http://www.bitcoin-gr.org/?p=812
I remember this before some time
http://www.bitcoin-gr.org/?p=812
Of course. Send private key of the interested address at your friend and then give it to your pakistan friend (I guess), your pakistan friend then will convert bitcoin in its local value
Why the necessity of sending private key? Private key shouldnt be transferred and should be kept to self as much a spossible.
The problem here is converting Bitcoin to the local value.
Make another thing. Convert bitcoin in US dollar and then change it in some local exchange in Pakistan. Is this possible? I guess yes, every country of the world has a local exchange :O
There is no local exchange in Pakistan which is the issue. They have an equivalent to localbitcoins which may be the only option in this case.
I did get intouch with you and I think you were having problems fees as trades priced high. What you have to realize is that we are an exchange( and very new) not a remittance service. You can post your bids and when the time is right they will automatically trade. At the time of writing this post. Please take note the BID rate is 31900+ for buying per btc(So this applies to you since you want to sell), the current international rate is around USD 317(interbank rate = 100.1 = 31731.7 so even if you minus the fee it will pretty much negate the fees)
If you do have any questions feel free to email us anytime.
Hello,
We have already created a service like that.
The service is setup and operational. We are in the process of fine tuning the website.
We will hopefully launch within this week.
Our goal is to take somewhat the same approach as other companies have and focus on remittance for Pakistan.
Glad there are others taking an interest in it as well.
Regards
Duke
We have already created a service like that.
The service is setup and operational. We are in the process of fine tuning the website.
We will hopefully launch within this week.
Our goal is to take somewhat the same approach as other companies have and focus on remittance for Pakistan.
Glad there are others taking an interest in it as well.
Regards
Duke
That's good, but I wouldn't use a service that "just opened".
But keep yours going and in a year I'd check it out if it had good reviews and was still in business
Hello,
We have already created a service like that.
The service is setup and operational. We are in the process of fine tuning the website.
We will hopefully launch within this week.
Our goal is to take somewhat the same approach as other companies have and focus on remittance for Pakistan.
Glad there are others taking an interest in it as well.
Regards
Duke
We have already created a service like that.
The service is setup and operational. We are in the process of fine tuning the website.
We will hopefully launch within this week.
Our goal is to take somewhat the same approach as other companies have and focus on remittance for Pakistan.
Glad there are others taking an interest in it as well.
Regards
Duke
I think people forget that just USING Bitcoin, even it it's just for saving money on a wire transfer, can benefit Bitcoin because it shows people that Bitcoin can be used for easy and (most importantly for a lot of people) cheap transactions. Take the first step so Bitcoin can gain a foothold in Pakistan, then worry about using it as a currency later. I think people already mentioned a couple of exchanges that might work.
There's more to that. There are a few remittance companies started recently (who use bitcoin as transfer tool), if they manage to grab a significant portion of the market - the volume of trade should noticeably increase, which will reduce the volatility and make price manipulation much harder. That's a big thing.
You're right; Coins.ph is one company that added this option fairly recently if you go by this article: http://thecoinfront.com/coins-ph-adds-bitcoin-remittance/ But is there any remittance option that would work for Pakistan?
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