Binance TR is the largest cryptocurrency exchange in Turkey and one of the top 15 platforms in the world. The company has a 5-level [Bronze, Silver, Gold, Platinum, Diamond] fee structure for TRY-crypto pairs, ranging from 0.1% to 0.02% for the maker.
The mentioned system decreases the commission based on the trading volume in the last 30 days, in the range of 0 to more than 50M TRY.
Company Details and Licenses
Launched in September 2020, Binance TR serves as the Turkish arm of the global Binance exchange and is headquartered in Istanbul. Operating on the core matching engine and infrastructure of its parent company, Binance TR offers users access to deep liquidity and high-speed order execution.
- Legal Name: BİNANCE TURKEY KRİPTO VARLIK ALIM SATIM PLATFORMU A.Ş.
- Responsible Person: Mücahit Dönmez
- Company Registration Number: 221729-5
Based on our investigations, the company is not currently supervised by any authorities, similar to many other Crypto Exchanges. The exchange is registered in Istanbul, Turkey, and is headquartered at Özdilek River Plaza Wyndham Grand Blok 13/32 Esentepe Mah. Bahar Sok. Şişli / İstanbul.
The platform supports both crypto-to-crypto trading and fiat transactions in Turkish Lira (TRY), enabling local users to buy and sell cryptocurrencies seamlessly using direct bank transfers.
As part of the Binance ecosystem, it benefits from the Secure Asset Fund for Users (SAFU), which provides an added layer of protection for user funds.
Key Features and Details
Similar to our other reviews on the website, we will provide a summary of key specifications regarding the company's services in this section:
Exchange | Binance TR |
Launch Date | 2020 |
Levels | Level 1, Level 2, Level 3 |
Trading Fees | Max. 0.1% |
Restricted Countries | Limited to Turkey |
Supported Coins | +200 |
Futures Trading | No |
Minimum Deposit | N/A |
Deposit Methods | Bank Transfers, Crypto Transactions |
Withdrawal Methods | Bank Transfers, Crypto Transactions |
Maximum Leverage | N/A |
Minimum Trade Amount | Not Specified |
Security Factors | ISO 27001, ISO 27701 |
Services | Staking, Auto-Invest |
Customer Support Ways | Live Chat, Email, Phone Call |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | Not Specified |
Native Token | None |
Exchange Benefits and Drawbacks
To provide a balanced view, let's examine the significant pros and notable cons of trading on Binance TR:
Benefits | Drawbacks |
Multiple Trading Options | Relatively Limited Range of Available Cryptocurrencies |
Additional Services Like Auto-Invest and Staking | - |
Competitive Trading Fees, Among The Lowest In The Industry | - |
User Levels Structure
Usually, cryptocurrency exchanges define various levels for user verification. Binance TR follows the same rule with 3 levels of identity verification:
- Level 1: TRY deposits and withdrawals with access to all features
- Level 2: Ability to transfer funds between Binance and Binance TR account
- Level 3: Higher maximum level of withdrawal amounts
Commissions and Fees Structure and Rules
Binance TR uses a tier-based spot trading fee structure. For trades involving Turkish Lira pairs, the default fees are 0.1% for makers and 0.15% for takers. Binance TR Crypto/TRY fees:
Level | 30d Trading Volume (TRY) | Fee (Maker/Taker) |
Bronze | 0 - 1,000,000 | 0.1% / 0.15% |
Silver | 1,000,000 - 5,000,000 | 0.09% / 0.15% |
Gold | 5,000,000 - 10,000,000 | 0.08% / 0.15% |
Platinum | 10,000,000 - 50,000,000 | 0.04% / 0.15% |
Diamond | +50,000,000 | 0.02% / 0.1% |
When trading crypto-to-crypto pairs, a default flat fee of 0.1% applies for both maker and taker sides. Binance TR Crypto/Crypto fees:
Level | 30d Trading Volume (USD) | Fee (Maker/Taker) |
VIP 0 | Less Than 1,000,000 | 0.1000% / 0.1000% |
VIP 1 | Equal or More Than 1,000,000 | 0.0900% / 0.1000% |
VIP 2 | 5,000,000 | 0.0800% / 0.1000% |
VIP 3 | 20,000,000 | 0.0420% / 0.0600% |
VIP 4 | 75,000,000 | 0.0420% / 0.0540% |
VIP 5 | 150,000,000 | 0.0252% / 0.0336% |
VIP 6 | 400,000,000 | 0.0210% / 0.0294% |
VIP 7 | 800,000,000 | 0.0192% / 0.0288% |
VIP 8 | 2,000,000,000 | 0.0165% / 0.0275% |
VIP 9 | 4,000,000,000 | 0.0120% / 0.0240% |
Users who choose to pay trading fees using Binance Coin (BNB) receive additional discounts, further reducing overall costs. These competitive rates align with Binance's global pricing standards and are appealing for both casual and active traders.
Deposits are free for all digital assets, while withdrawal fees vary by the blockchain network and are subject to periodic adjustments. Regarding TRY deposits and withdrawals, there are no fees.
Available Digital Assets on The Platform
Binance TR provides access to a wide array of digital assets, supporting more than 200 cryptocurrencies and trading pairs.
This extensive selection allows Turkish users to diversify their portfolios across popular coins and emerging tokens alike.
The platform is connected to Binance’s global liquidity pool, ensuring tight spreads and fast order execution, features particularly valuable for high-frequency and large-volume traders.
- Bitcoin [BTC]
- Ethereum [ETH]
- Solana [SOL]
- XRP
- Dogecoin [DOGE]
- Litecoin [LTC]
- Troy [TROY]
- CoW Protocol [COW]
- Hamster Kombat [HMSTR]
- Dogs [DOGS]
For comparison, there are other crypto exchanges in the industry with a longer list of assets, including HTX and Coinbase.
Are Futures or Margin Trading Available on Binance TR Exchange?
While this exchange offers a comprehensive trading platform, it's important to note that futures trading is not available. Based on our investigations, there is no option regarding margin trading, either.
Therefore, if you intend to trade on these kinds of markets, you should look elsewhere.
How to Register and Verify Your Account
To begin trading on Binance TR, users must first complete a streamlined account registration and identity verification process.
The platform adheres to standard Know Your Customer (KYC) protocols, ensuring a secure trading environment for all users. Step-by-step Binance TR registration & verification guide:
#1 Begin Registration
Go to the official Binance TR website and click “Sign Up” to reach the application form.
Click the Sign Up button at the top of the page on the Binance TR website
#2 Complete the Registration Form
Fill out the registration form by providing the following information:
- Email address
- Mobile number
- Full name
- Birth date
- Citizenship
- Nationality
- Turkish ID number
Create a strong password using a mix of uppercase and lowercase letters, numbers, and symbols.
#3 Verify Your Identity
This step is required to unlock full access to trading and withdrawal features. Upload the following documents for Binance TR identity verification:
- National ID
- Selfie
What Platform is Available on Binance TR?
The company offers a decent trading platform tailored for the Turkish market, with features such as portfolio management, Turkish Lira deposits and withdrawals, real-time market data, and more. Here are the download links to the applications:
The application has received an excellent rating of 4.8/5 on the Google Play Store and a high score of 4.7/5 on the Apple App Store.
Safety Measurements and Certificates
The mentioned exchange does not provide much information about the security measures taken for the safety of user funds and data. However, they have received these two certificates from the British Standards Institution (BSI):
- ISO 27001 certification for information security governance
- ISO 27701 certification for privacy information management
These certifications indicate the high level of security and privacy on the platform.
These measures, combined with Binance’s SAFU insurance fund, provide robust protection against unauthorized access and cyber threats.
Funding Methods [Does Binance TR Support Fiat Deposits?]
Binance TR offers seamless integration with the Turkish banking system, allowing free deposits and withdrawals in Turkish Lira (TRY) via direct bank transfer through seven Turkish banks.
Cryptocurrency withdrawals between Binance TR and the main Binance platform are also free of charge.
For other crypto assets, withdrawal fees depend on the specific blockchain network used. For example, BTC withdrawals incur a fee of just 0.00035 BTC, which is below industry averages.
These favorable terms make Binance TR accessible for retail users and cost-efficient for frequent traders.
Trust Scores and Evaluation Ratings
Based on our investigations of various sources on the internet, there have been no reviews and trust scores submitted for Binance TR. It might be because of its limited region of services.
However, Binance itself has scores on websites like CoinGecko. On the mentioned website, the exchange has received the perfect score of 10/10, evaluated based on the CoinGecko's metrics, such as liquidity, cybersecurity, and so on.
Binance TR Features
Let's check if Binance TR offers crypto copy trading software orliquidity pools.
Staking | Yes |
Yield Farming | Yes |
Social Trading | No |
Liquidity Pool | Yes |
Crypto Cards | Yes |
Support Services and Contact Channels
Binance TR delivers a well-rounded customer support experience, offering 24/7 live chat assistance for immediate issue resolution.
Users can also reach out via email or consult the platform’s extensive knowledge base, which includes educational content, market updates, and platform news.
- Phone number: +90 (212) 955 00 41
- Email address: destek@trbinance.com
- Live chat: Available on the website
The knowledge base is designed to empower both novice and experienced traders with timely information and self-service support.
Copy Trading and Investment Programs
Unlike its global counterpart, Binance TR currently does not offer features such as copy trading or social trading. This absence limits passive income opportunities for users who prefer earning yield on their idle crypto assets.
However, Binance TR provides one option for this purpose, which is its crypto staking service. Key Details and Benefits:
- Nearly 180 assets and products (e.g., ETH, NEAR, STX, APT, ACH, ATOM, and COS)
- Decent APRs up to 20%
- Flexible and locked options
Restricted Countries and Regions
Since the discussed platform is designed specifically for the Turkish market and clients, its services arenot available to the residents of other countries in the world.
In other words, the exchange's services are limited to Turkish people and the residents of Turkey.
Binance TR vs Top Exchanges
The table below provides a brief summary of Binance TR features in comparison with other platforms:
Features | Binance TR Exchange | CoinEx Exchange | Bitunix Exchange | Toobit Exchange |
Number of Assets | 200+ | 1200+ | 300+ | 100+ |
Maximum Leverage | 1:1 | 1:100 | 1:125 | 1:150 |
Minimum Deposit | N/A | 0.0005 BTC | $10 | $5 |
Spot Maker Fee | 0.012% - 0.1% | 0.1% - 0.2% | 0.01% - 0.08% | 0.008% - 0.2% |
Spot Taker Fee | 0.024% - 0.1% | 0.1% - 0.2% | 0.01% - 0.1% | 0.05% - 0.2% |
Mandatory KYC | Yes | Yes | No | Yes |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | No | No |
Staking | Yes | Yes | No | No |
Copy Trading | No | Yes | Yes | Yes |
Writer's Opinion And Conclusion
Binance TR is a cryptocurrency exchange with a 10/10 trust score on the CoinGecko website. Besides, the ScamAdviser platform has given a 66/100 score to the exchange.
The company's application has received a 4.8/5 user rating on the Google Play Store.