How you could lose money

USDT — often called Tether — is a token issued by a private company. That company says it holds reserves so each token can be redeemed for about one US dollar. It is not issued by any government, it is not a US dollar, and it is not a bank deposit. What you hold is a claim on a company.

If that company were unable or unwilling to honour redemptions, or if the market lost confidence in its reserves, the price of USDT could fall below one dollar. This has happened to other tokens of the same type, and USDT’s own price has wobbled before. Nobody on this platform controls that, and no protection here insulates you from it.

This is called issuer risk. It is the risk you accept the moment you hold USDT, on this platform or anywhere else.

If a Pakistani bank fails, there is a deposit protection scheme. There is no equivalent for cryptoassets. No government body, and no insurer, stands behind the value of USDT you hold here or anywhere else in Pakistan.

That is not a statement about this platform specifically. It is true of every crypto platform operating in this market, and any platform that tells you your funds are guaranteed or insured is telling you something that is not true. Be sceptical of anyone who does.

What exists instead are the specific protections described on our security page: escrow that can only settle two ways, a double-entry ledger, financial history the database will not let anyone edit, withdrawal address cooldowns and two-factor authentication. Those reduce particular risks. They are not insurance and we will not describe them as such.

The legal and regulatory position of cryptoassets in Pakistan is still developing. Rules on holding, trading, taxing and transferring digital assets — and on the banking channels used to pay for them — can change, sometimes at short notice.

A change could restrict or suspend services, require additional information from you, limit which payment methods work, or affect your ability to convert between PKR and USDT. Banks may independently restrict transfers they associate with crypto activity, and they are not obliged to warn you first.

You are responsible for your own compliance with Pakistani law, including any tax you owe on gains. We do not give tax or legal advice. Your transaction history is exportable as CSV so that you or your accountant can work from a complete record.

This is the risk that costs people the most money, and it is the least forgiving. Once a blockchain transaction is confirmed, it is final. There is no reversal, no chargeback, and no support process that can retrieve it — not here, and not at any other platform.

Two mistakes cause almost all of these losses. The first is one wrong character in the destination address; the funds go to an address that may belong to nobody, and they are gone. The second is sending on the wrong network — sending USDT over Ethereum or BNB Smart Chain to an address issued for TRON, for example. The token is a different token on each network, even where the address looks similar.

Only TRON (TRC-20) is currently enabled for deposits and withdrawals. Always check the network shown next to your deposit address, always paste addresses rather than typing them, and send a small test amount first when using an address for the first time. We cannot recover a wrong-network or wrong-address transfer, and we will not pretend we might.

The PKR–USDT rate is set by supply and demand between the people trading on this platform and by wider currency and market conditions. It can move meaningfully within a single day.

The rate on your order is locked on the server when the order is created and does not change while you pay. But the market rate can move against you between the moment you decide to trade and the moment you can trade again, and if you sell back later the price may be worse.

Separately, the gap between the best price to buy and the best price to sell — the spread — is a genuine cost to you, and it is usually larger than the trading fee. Compare offers before you commit.

Escrow removes a single, specific risk: the seller taking your rupees and disappearing with the USDT. The seller’s USDT is locked before you are shown any payment details, and it can only be released to you or returned to them.

It does not protect you if you send rupees to the wrong bank account. It does not protect you if you are persuaded to complete a trade outside the platform — where there is no escrow, no evidence trail, no dispute process and nothing we can do afterwards. It does not protect you against the price moving, and it does not protect you against giving someone your password or your two-factor code.

Most losses in P2P crypto in Pakistan happen outside the escrowed flow, not inside it. If someone asks you to move a trade to WhatsApp, to pay before an order is open, or to send to an account other than the one shown in the trade, that is the scam.

Rupee movements run through external channels — inter-bank transfer, Raast, JazzCash and Easypaisa. Outages, maintenance windows, bank holidays and cut-off times all affect timing, and none of them are ours to fix.

A payment sent without the reference shown on the trade, or for an amount that does not match, is much harder to match automatically and may need manual review. A payment sent from an account that is not in your own name will be rejected — third-party payments are not accepted, which is both a legal requirement and a fraud control.

If a payment is delayed, do not send it a second time. Open a dispute on the trade so the escrow stays locked while it is sorted out.

Software has bugs, providers have outages, and no platform is available every minute. During an interruption you may be unable to trade, deposit or withdraw. Balances are calculated from an append-only ledger rather than stored as an editable number, so an outage does not change what the ledger says you own — but it can stop you acting on it.

Accounts can also be frozen or restricted where there is a legal obligation or a credible sign of fraud, which means a legitimate account can occasionally be caught up in a review. Where that happens you will be told, and there is a route to contest it.

You should also know that the chain integration currently runs against a live custody provider. Real USDT moves on-chain, and a withdrawal cannot be reversed once it has been broadcast. Internal balances, trades and rupee payouts are unaffected.

Most account losses begin with a person, not a system. Someone shares a password, reuses one from a site that was breached, approves a login they did not start, or reads a six-digit code aloud on a phone call.

Turn on two-factor authentication. Store your backup codes somewhere other than your phone. Add your withdrawal addresses before you need them, so the 24-hour cooldown is never inconvenient at the wrong moment. Nobody from AsaanMoney will ever ask for your password, your two-factor code or your backup codes.

Do not put money into cryptoassets that you need for rent, school fees, medical costs or a debt payment. Do not borrow to trade. The combination of a volatile asset, an issuer you do not control, an unsettled regulatory position and irreversible transfers means a total loss is possible.

Nothing on this website is investment advice or a recommendation to buy or sell anything. If you are unsure, take independent advice before you trade.