BtcTurk provides the trading of 100+ cryptocurrencies in 260+ pairs with a minimum trade amount of 10 USDT or 100 TRY.
Maker fees for TRY pairs start at 0.08% and go down to 0.01%, depending on the user's trading volume.
BtcTurk Information + Regulation
Let's break down the key information about this exchange in the list below:
- Founded: July 1, 2013, in Besiktas, Istanbul, Turkey
- Founder: Kerem Tibuk
- Management: Managed by BtcTurk Kripto Varlık Alım Satım Platformu A.Ş.
- Market Position: Largest cryptocurrency trading platform in Turkey
- Users Number: 5,000,000+
- Address: Nispetiye Street, Akmerkez E Tower, 9th Floor 34340 Besiktas/Istanbul, Turkey
BtcTurk Key Features and Notable Specifics
This platform is made up of certain parameters, similar to other crypto exchanges and Forex brokers. A Snapshot of What You Can Expect:
Exchange | BtcTurk |
Launch Date | July 1, 2013 |
Levels | Level 1, Level 2 |
Trading Fees | Varies |
Restricted Countries | Only Users With Turkish ID Are Accepted |
Supported Coins | 100+ |
Futures Trading | No |
Minimum Deposit | None |
Deposit Methods | Bank Transfers, Crypto Transactions |
Withdrawal Methods | Bank Transfers, Crypto Transactions |
Maximum Leverage | 1x |
Minimum Trade Amount | 10 USDT / 100 TRY |
Security Factors | 2FA, Encrypted User Data and Documents, Multi-Signature Cold Storage |
Services | None |
Customer Support Ways | Live Chat, Email, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | N/A |
Native Token | None |
What Benefits and Drawbacks Should You Consider?
Every company has its strengths and weaknesses. We have mentioned the most important pros and cons in the table below:
Benefits | Drawbacks |
Largest Turkish Crypto Exchange | Fiat Currency Options Limited to TRY |
Transparent Company Information | Only Accepts Users With a Turkish ID |
Decent Variety of Cryptocurrencies | - |
User Account Levels
BtcTurk employs a simple user tier system with 2 levels, mainly differentiating in deposit/withdrawal limits. We will compare them in this section:
User Level | Common Deposit Limit in 24 Hours | Common Deposit Limit in 30 Days | Common Withdrawal Limit in 24 Hours | Common Withdrawal Limit in 30 Days |
Level 1 | None | None | 5 BTC | 25 BTC |
Level 2 | None | None | 100 BTC | 500 BTC |
Commissions and Fees in BtcTurk
Understanding the fee structure is crucial for any trader since it helps estimate the outcome.
The exchange has 2 different commission models for crypto/crypto and crypto/TRY pairs. Here is the crypto/crypto fee structure:
30-Day Trading Volume (TRY) | Maker Fee | Taker Fee |
0-2,000,000 | 0.08% | 0.12% |
2,000,000-10,000,000 | 0.07% | 0.11% |
10,000,000-25,000,000 | 0.06% | 0.1% |
25,000,000-100,000,000 | 0.05% | 0.08% |
100,000,000-250,000,000 | 0.04% | 0.06% |
250,000,000-1,000,000,000 | 0.03% | 0.04% |
1,000,000,000-2,000,000,000 | 0.02% | 0.02% |
2,000,000,000+ | 0.01% | 0.01% |
Crypto/TRY Pairs Commission:
30-Day Trading Volume (TRY) | Maker Fee | Taker Fee |
0-2,000,000 | 0.12% | 0.2% |
2,000,000-10,000,000 | 0.11% | 0.19% |
10,000,000-25,000,000 | 0.1% | 0.18% |
25,000,000-100,000,000 | 0.08% | 0.16% |
100,000,000-250,000,000 | 0.06% | 0.12% |
250,000,000-1,000,000,000 | 0.04% | 0.1% |
1,000,000,000-2,000,000,000 | 0.02% | 0.09% |
2,000,000,000 | 0.01% | 0.08% |
There are no deposit fees for any digital assets. However, a withdrawal cost is charged based on the cryptocurrency transacted.
List of Available Cryptocurrencies
With over 100 cryptocurrencies available, BtcTurk traders have a wide array of options. The tradable assets are from these categories:
- Metaverse
- Fan Token
- Meme
- Gaming
- Web3
- DeFi
- AI
The coins/tokens are available in pairs against TRY and USDT.
Futures/Margin Trading on BtcTurk Exchange
For traders looking to amplify their positions or hedge their bets, the question of futures market and margin trading is crucial.
However, it's important to note that the mentioned exchange does not offer such features. Therefore, if you are looking for leveraged trading of any kind, you should consider other options.
Account Creation and Verification Guide
Opening an account on BtcTurk requires a valid Republic of Türkiye identification number, making the platform exclusive to Turkish nationals.
The process involves submitting basic personal details and verifying contact information.
#1 Start Registration
Go to the website and click on Sign Up to access the registration form.
#2 Enter Contact Details
Provide your email address and phone number, then create a secure six-digit password.
#3 Verify Your Contact Info
Submit the codes sent via email and SMS to confirm both channels.
#4 Complete Basic Profile
Enter personal details to create your account, such as:
- Full name
- Date of birth
- Turkish ID number
#5 Upload KYC Documents
To fully activate your account, upload a valid identity document and proof of address through the platform.
BtcTurk Trading Terminal Overview
The company has developed a proprietary trading platform to offer its services to users. This terminal consists of 2 interfaces: Basic Trade, Advanced Trade. The former is more suitable for beginners, while the latter is suggested for more experienced traders. Both include all trading tools and features necessary for buying/selling digital assets.
You can access the platform via these systems and environments:
Safety and Security Evaluation
BtcTurk provides a decent amount of information when it comes to the platform's security. The exchange employs multiple layers of protection:
- Two-factor authentication (2FA)
- 97% of Bitcoin assets stored in offline, multi-signature wallets
- Encryption of user data and documents
- Regular audits by international independent companies
However, it's worth mentioning that the exchange has been the victim of an attack before; in June 2024, BtcTurk was hacked, and approximately $55 million worth of cryptocurrencies were stolen from the platform.
Payment Options and Funding Methods
BtcTurk offers2 main deposit/withdrawal methods for fiat currencies and digital assets:
- Blockchain crypto transactions
- Bank transfers in various ways (via linking bank accounts to the exchange)
Deposits and withdrawals are primarily processed on the same day after submission. Crypto transactions are mainly processed in less than an hour.
Trust Scores and Reviews
Reliable third-party platforms such as Trustpilot and ScamAdviser are referred to for evaluating a company's trustworthiness. Here's how BtcTurk fares:
- Trustpilot: 2.2/5 stars, 10 reviews
- BtcTurk ScamAdviser: 100/100 Trustscore, 2.1/5 user rating based on 10+ opinions
The number of user reviews is too low. Therefore, we cannot take them into consideration.
BtcTurk Features
Here's a brief overview of all of the additional features and services provided by the exchange:
Staking | No |
Yield Farming | No |
Social Trading | No |
Launchpool | No |
Crypto Cards | No |
Support Contact Channels and Schedule
Most crypto exchanges offer live chat as one of their main support channels. BtcTurk follows the same rule:
- Email: destek@btcturk.com
- Ticket System: Accessible on the official website
- Live Chat: Available on the exchange's site
The company claims that the support department is available 24/7.
Copy Trading and Investment Features on BtcTurk
The exchange discussed is not recommended for investors seriously looking for hands-off approaches or additional income streams. It does not provide copy trading, staking, or other types of investment services.
List of Restricted Countries and Regions
Based on the conversation we had with BtcTurk's support, the exchange only accepts users who have a Turkish ID number, meaning that only users with Turkish nationality can register with the platform.
How BtcTurk Performs Against the Industry
Check out the table in this section for a fair comparison between BtcTurk and other platforms:
Features | BtcTurk Exchange | Bitget Exchange | MEXC Exchange | Kucoin Exchange |
Number of Assets | 100+ | 10000+ | 2800+ | 700+ |
Maximum Leverage | 1x | 1:125 | 1:200 | 1:100 |
Minimum Deposit | None | $15 | $1 | $1 |
Spot Maker Fee | 0.01% - 0.12% | 0.10% | 0.05% | From 0.005% |
Spot Taker Fee | 0.01% - 0.2% | 0.10% | 0.05% | From 0.025% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | No |
Writer's Opinion and Conclusion
BtcTurk provides 3 support channels [email, ticket, live chat] on a 24/7 schedule. The website has received a 100/100 Trustscore on the ScamAdviser platform. Furthermore, the SSL certificate is valid until May 18, 2025.