What is BtcTurk | Kripto?
Established in 2013, BtcTurk is a centralized cryptocurrency exchange headquartered in Istanbul, Turkey. Pioneering the Turkish cryptocurrency landscape, it proudly asserts itself as the world's fourth-largest Bitcoin and cryptocurrency exchange platform. With a user base exceeding 5 million, BtcTurk facilitates seamless Turkish Lira transactions through integration with seven major Turkish banks, operating 24/7. Currently, the exchange offers trading pairs in Turkish Lira and USDT, providing a platform for users to engage in fee-efficient trading with Turkish counterparts.
Overview of BTCTurk
BTCTurk, launched in 2013 as Turkey's inaugural cryptocurrency exchange and globally recognized as the fourth exchange of its kind, boasts 580,000 registered users. Evidencing steady growth, the exchange consistently welcomes approximately 15,000 new users each month. Situated in Istanbul, the main office houses around 90 employees, with a significant focus on a dedicated customer support team comprising 40 individuals.
US-Investor Restrictions
Regrettably, BTCTurk restricts US investors from participating in its trading activities. US-based traders seeking cryptocurrency exchanges must explore alternative platforms, as BTCTurk is not available for their use.
Mobile Accessibility
Acknowledging the demand for accessibility, BTCTurk extends its services to mobile users through dedicated applications available on both the App Store and Google Play. This ensures users can conveniently engage with the platform while on the go.
Trading Fees on BTCTurk
Understanding trading fees is crucial for users, distinguishing between taker and maker fees. BTCTurk offers a competitive taker fee of 0.09% for crypto-to-crypto trading, notably lower than the industry average of approximately 0.25%. Maker fees, designed for liquidity providers, are even more attractive at 0.05%, offering users an incentive to add liquidity to the order book.
Withdrawal Fees and Considerations
BTCTurk does not impose withdrawal fees, excluding network fees incurred during cryptocurrency withdrawals. Users should be mindful of network fees, which vary based on network activity. Generally considered below the global industry average, this withdrawal fee structure adds to the appeal of the BTCTurk platform.
Deposit Methods at BTCTurk
As an entry-level exchange, BTCTurk allows users to fund their accounts through wire transfers. However, credit card deposits are not supported. This makes BTCTurk an accessible starting point for new cryptocurrency investors looking to initiate their trading journey.
This comprehensive overview encapsulates BtcTurk | Kripto and BTCTurk, highlighting their origins, user base, geographical restrictions, mobile support, fee structures, and deposit methods.
What are the trading fees on BtcTurk | Kripto?
Withdrawal Fee 0
Taker Fee 0.09%
Maker Fee 0.05%
Does BtcTurk | Kripto offer leverage trading?
BTCTurk does not currently offer leverage options.
