What is Paribu?
Paribu is a Turkish cryptocurrency exchange that has been operating since 2017. It primarily caters to Turkish individuals and companies, requiring users to have access to a Turkish cell-phone number for account creation.
Eligibility for US-Investors
US-investors are restricted from trading on Paribu. If you are a US-investor interested in cryptocurrency trading, you will need to explore alternative exchanges as Paribu is not available for your trading needs.
Mobile Accessibility
Paribu provides users with a mobile application available on both the App Store and Google Play. This mobile support allows traders to engage in cryptocurrency activities on-the-go, offering flexibility beyond desktop usage.
Trading View
The exchange provides a trading view, although specific details about its interface are not available. Different exchanges offer various trading views, and users are encouraged to explore the interface to determine its suitability for their trading preferences.
Trading Fees on Paribu
Paribu implements a fee structure where takers are charged 0.35%, slightly above the industry average of around 0.25%. Makers, on the other hand, enjoy a small discount with a trading fee of 0.25%. Traders should evaluate whether other aspects of Paribu's offering compensate for the comparatively higher trading fees.
Withdrawal Fees
Withdrawal fees on Paribu are competitive, with a charge of 0.0005 BTC for BTC withdrawals. This fee is below the industry average, providing a cost-effective option for users looking to withdraw their funds.
Deposit Methods
Paribu accepts wire transfer as a deposit method, but credit card deposits are not supported. The only fiat currency available for deposit is the Turkish Lira (TRY), limiting participation to Turkish investors.
In conclusion, while Paribu has certain limitations such as exclusive accessibility for Turkish users and slightly higher trading fees, it may still be a suitable option for those seeking a mobile-friendly platform with competitive withdrawal fees. Users outside of Turkey, particularly US-investors, need to explore alternative exchanges for their cryptocurrency trading needs.
What are the trading fees on Paribu?
Paribu implements a fee structure where takers are charged 0.35%, slightly above the industry average of around 0.25%. Makers, on the other hand, enjoy a small discount with a trading fee of 0.25%. Traders should evaluate whether other aspects of Paribu's offering compensate for the comparatively higher trading fees.
Does Paribu offer leverage trading?
Paribu does not currently offer margin trading or leverage options.
Is Paribu safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
