How to Send Money to Palestine from Pakistan Using Cryptocurrency?
What is Cryptocurrency:
A cryptocurrency also known as crypto is a digital currency used as a medium of exchange and it is not reliant on any central authority, such as a government or bank. Hundreds of thousands of Palestinians use cryptocurrency to receive payments instantly and securely.
As cryptocurrency payments are decentralized, financial issues such as account suspension, blocking, restrictions, and security problems that are often encountered by Palestinians with traditional payment methods are prevented.
The accounts in which cryptocurrency payments are transferred or received are termed as Crypto Wallets.
There are different kinds of cryptocurrencies. Majority of people living in Gaza, Palestine use USDT (TRC 20) cryptocurrency which is a stable coin and is equivalent to one US Dollar (1 USDT = $1)
Currency in Palestine: Palestine mainly use Israeli shekels (ILS) currency. (1 ILS = Rs 74 PKR)
How are the Palestinians in Gaza withdrawing money Since Oct 7, 2023?
A significant percentage of Palestinians in Gaza rely on digital payments because of limited physical cash availability in Gaza. Residents of Gaza withdraw money via:
- A considerable number of cash agents and money-exchanges present in majority areas of Gaza.
- 3+ ATM’S present across Gaza.
- Western Union exchanges (agents) present in some areas of Gaza Strip including Khan Younis, Deir el Balah, Rafah, and North Gaza.
The First Step:
Ask the Palestinian to whom you want to send a donation to share his cryptocurrency wallet address (cryptocurrency account).
Crypto wallet address is something like “TXB8PX5cDAZ4Syvhswvzyu6LASOUy6YgFv”
METHOD: 1 Send Money to Cryptocurrency Accounts Using C4Changer
Online Payment Exchanges allow users to deposit and withdraw money via various payment methods. These are primarily utilized for sending money internationally by depositing into the exchange using the local payment methods available in your country. Additionally, they are also used to exchange money from one currency to another.
C4CHANGER – ONLINE PAYMENT EXCHANGE
One of the most used online payment exchange in Pakistan is ‘C4Changer’. It has been operational for 5+ years in Pakistan and UAE with thousands of satisfied customers. You can read 1700+ positive reviews of C4Changer on Trustpilot. The exchange rate on online payment exchanges is slightly higher as compared to online crypto exchanges i.e. Binance.
Note: If the C4Changer website won’t open in your area, enable the VPN on your device and open the site again.
PKR Deposit Options
- Pakistani Bank Account
- JazzCash
- Easypaisa
You can also deposit money in C4Changer via digital payment wallets i.e Payoneer and Skrill.
Exchange options on C4Changer:
In Pakistan, you can transfer the deposited money to any Cryptocurrency wallet, Paypal, Payoneer, Skrill account, etc.
As we have to send money directly to the cryptocurrency wallet of the Palestinian; Therefore, you need to select relevant Cryptocurrency (e.g USDT TRC 20) as the ‘deposit’ option on C4Changer.
Identity Verification on C4Changer
Majority of the online payment exchanges require you to complete account verification by providing identity verification document(s).
No identity verification is required on C4Changer if you deposit money using JazzCash or Easypaisa.
For some deposit options such as Bank Transfer Deposit, it is mandatory to upload the required identity verification documents, such as ID Card on C4Changer website in order to comply with regulations.
Minimum Deposit Allowed
Minimum deposit limits for cryptocurrency exchange via Pakistan-based payment deposit methods:
It may vary slightly over time.
- JazzCash Minimum Deposit Limit: Rs 3,355 PKR
- Easypaisa Minimum Deposit Limit: Rs 3,355 PKR
- Bank Transfer Minimum Deposit Limit: Rs 50,000 PKR
If you want to deposit money less than 50,000 via Bank Transfer, select JazzCash as the deposit method and transfer funds from your Pakistani Bank account to the C4Changer’s JazzCash account.
STEP BY STEP INSTRUCTIONS
➤ Open C4Changer Website – uae.c4changer.com
➤ Click on Sign Up and enter any username, email and password.
➤ After signing up, open Sign in page and add your sign details on the login page.
➤ Click Sign in button and you will instantly receive a confirmation. email. Click the link present on email to successfully login your account.
➤ Once logged in successfully, open the main home page.
➤ Select your desired deposit payment and withdraw payment method.
➤ Add the deposit and withdraw account details.
➤ Click ‘Exchange’ and follow the steps.
➤ In case of assistance or any queries; you can contact the WhatsApp support team of C4Changer.
Note: C4Changer is a manual payment exchange; not an automatic payment exchange. Payment transfer usually happens in 15-80 minutes. When you submit a payment exchange form on their website, a person from C4Changer support team connects with you on WhatsApp to proceed with the payment process.
Additional Information:
➤ If you want to deposit money into C4Changer via a bank account (without identity verification), select JazzCash as the deposit method and transfer funds from your Pakistani bank account to C4Changer’s JazzCash account.
➤ If you want to deposit in C4Changer via Nayapay or Sadapay, you can do this manually by asking the C4Changer representative on WhatsApp to share Nayapay or Sadapay account details for deposit purpose. You will find the C4Changer WhatsApp Support number on their website.
➤ If you want to choose between Easypaisa and JazzCash as your deposit method, select JazzCash, as C4Changer allows multiple ways to deposit using it.
Send money to PayPal account of Palestinians from Pakistan
C4Changer also enables you to send money directly to the PayPal accounts of Palestinians via payment methods available in Pakistan (e.g., Bank Transfer, Easypaisa, JazzCash).
A notable number of Palestinians in the Gaza Strip have PayPal accounts to receive international payments.
C4Changer Exchange Video Tutorial
METHOD: 2 Buy & Transfer Cryptocurrency Using Binance
Binance is the largest online global cryptocurrency exchange to buy, sell, and withdraw cryptocurrencies. It was founded in 2017 and is available in over 180 countries. Binance holds various licenses across different countries, reflecting its compliance with regulatory requirements.
Binance P2P (peer-to-peer) is a service offered by Binance that allows you to purchase cryptocurrency from verified sellers registered on the platform. Binance P2P provides over 800 payment methods for buying cryptocurrency conveniently
When you initiate a buy request, Binance will automatically take the cryptocurrency from the seller, hold it, and release it to your Binance account after you successfully make the payment. Once the cryptocurrency is deposited in your Binance account, you can easily transfer it to others.
STEP BY STEP INSTRUCTIONS
➤ Open the Binance website (accounts.binance.com/register) or download the Binance app on your mobile device.
➤ Complete your account verification by uploading an image of your ID card (CNIC) and a live photo of yourself on Binance. This verification is mandatory for buying cryptocurrency and transferring it to others.
➤ Open the P2P (Peer-to-Peer) Page on Binance. Make sure the PKR currency is selected on the P2P page, and select the cryptocurrency you would like to purchase, e.g., USDT (TRC20).
➤ Binance will display a significant number of cryptocurrency sellers accepting payments via a wide range of payment methods, such as Pakistani Bank accounts, Easypaisa, Jazzcash, Nayapay, Sadapay, and international payment wallets.
➤ The price shown on each seller’s listing indicates the cost to purchase one unit of the selected cryptocurrency. For example, the highlighted seller in the image above charges Rs 290.95 PKR for 1 USDT cryptocurrency. Make sure to check the minimum and maximum purchase limits set by each seller. Consider sellers who have completed a considerable number of transactions in the past and have a good order competition rate (%).
➤ Once you find a suitable seller, click on ‘Buy’ next to their offer.
➤ Enter the amount of cryptocurrency you would like to purchase (amount to deposit in Binance).
➤ Binance will automatically hold the cryptocurrency from the seller until your make the required payment to the seller directly.
➤ Click the ‘Make Payment’ or related option to view the payment account details of the seller.
➤ Transfer money to the seller via payment information provided by the seller.
➤ Click the ‘Transferred, notify seller’ button.
➤ Send the payment receipt image to the seller via the live chat option.
➤ Seller will confirm the payment and Binance will automatically release cryptocurrency to your Binance P2P Wallet.
➤ Now, you need to transfer the deposited funds from your Binance P2P Wallet to your Binance Spot Wallet. Go to the ‘Wallet’ option, click ‘Transfer’, select P2P Wallet under ‘From’ and Spot Wallet under ‘To.’ Enter the total amount you wish to transfer, and click ‘Confirm Transfer.’
Once the cryptocurrency has been successfully deposited to your Binance Spot Wallet, follow the instructions below to transfer it to the Palestinian’s cryptocurrency wallet.
Withdraw Deposited Funds To The Palestinian’s Cryptocurrency Wallet
➤ Go to ‘Wallet > Fiat & Spot’ option on Binance.
➤ Select the cryptocurrency which you want to withdraw.
➤ Enter the amount of cryptocurrency you want to withdraw.
➤ Paste the cryptocurrency wallet address of the the recipient and select the network which corresponds to the recipient’s wallet address (e.g, USDT TRC20 can be the network if you are transferring USDT cryptocurrency.
➤ Click ‘Withdraw’ button and confirm.
➤ Amount will be deducted from your Binance wallet and transferred to the crypto wallet of the Palestinian.
Other Deposit Options In Binance:
Binance also provides other methods to deposit money directly e.g Credit / Debit Card; but it is not recommended for citizens of Pakistan to use any method other than P2P (peer-to-peer) due to the certain limitations in other deposit options.
Binance P2P fee and limits:
➤ Binance P2P allows you to buy crypto at zero fees.
➤ Different crypto sellers on P2P have different minimum and maximum deposit limits. In general, you can deposit ranging from Rs 1000 to over Rs 1 Million via P2P deposit option.
How to Buy Cryptocurrency on Binance and transfer to others?
View/Download Complete Binance Video Tutorial (Urdu)
