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 |
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 estimating 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 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
Getting started with BtcTurk is a fairly simple process. However, you must have a Turkish ID number in order to create an account. Here is a quick guide:
- Navigate to kripto.btcturk.com and click on "Sign Up";
- Enter your email address and phone number, then create a six-digit password;
- Confirm the provided email address and phone number by submitting the codes sent to them;
- Fill in your name, surname, date of birth, and Republic of Türkiye identification number.
Now, your account is created on the exchange. For full verification, you will be required to submit proof of identity / proof of address.
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
Payment Options and Funding Methods
BtcTurk offers 2 main deposit/withdraw methods for fiat currencies and digital assets:
- Blockchain crypto transactions
- Bank transfers in various ways (via linking bank accounts to the exchange)
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
- 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.
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.
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.
