Paribu offers 190+ trading pairs in USDT and TRY markets. While the USDT market is commission-free, trading in the TRY market incurs a Maker fee ranging from 0.01% to 0.25% and a Taker fee ranging from 0.06% to 0.35%.
The platform provides access to soccer teams' fan tokens, such as Fenerbahce and Besiktas.
Paribu; An Introduction to the Crypto Exchange
Paribu is a centralized cryptocurrency exchange headquartered in Turkey that primarily serves the Turkish market.
The platform was launched on February 14, 2017, and shortly after, it became the 16th on the CoinMarketCap-World list, with a volume of 5,800 BTC in December of the same year. Paribu key features:
- Daily Trading Volume of TRY 10B+
- 170+ cryptocurrencies
- No minimum deposit requirements
Paribu Exchange Specific Features
Let’s take a quick look into what Paribu offers and see if it fits among the crypto exchanges.
Exchange | Paribu |
Launch Date | 2017 |
Levels | 10 Levels |
Trading Fees | Maker: 0.01% - 0.25% Taker: 0.06% - 0.35% |
Restricted Countries | N/A |
Supported Coins | 170+ |
Futures Trading | No |
Minimum Deposit | None |
Deposit Methods | Papara, Bank Transfer, Crypto |
Withdrawal Methods | Crypto, Bank Transfer |
Maximum Leverage | 1:1 |
Minimum Trade Size | TRY 10 |
Security Factors | 2FA, Transaction Code |
Services | Soccer fan tokens, Mobile trading, USDT/TRY markets |
Customer Support Ways | Phone, Ticket, Twitter |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | N/A |
Orders Execution | Market |
Native Token | No |
Paribu User Levels
Paribu offers a tiered system with 10 levels providing commission discounts based on monthly buying and selling volume.
User Level | 30D Trading Volume (TRY) |
1 | 0 – 50K |
2 | 50K – 100K |
3 | 100K – 1M |
4 | 1M – 5M |
5 | 5M – 25M |
6 | 25M – 50M |
7 | 50M – 100M |
8 | 100M – 500M |
9 | 500M – 1B |
10 | 1B+ |
Paribu Trading and Non-Trading Costs
The exchange charges commissions in cryptocurrency for Buy transactions and TRY for Sell transactions.
The default rates are 0.25% for makers and 0.35% for takers. However, the platform offers fee discounts based on the trading volume, which is one of the advantages of this Paribu review.
30-Day Trading Volume (TRY) | Maker Fee | Taker Fee |
0 – 50K | 0.25% | 0.35% |
50K – 100K | 0.22% | 0.30% |
100K – 1M | 0.20% | 0.25% |
1M – 5M | 0.14% | 0.20% |
5M – 25M | 0.10% | 0.18% |
25M – 50M | 0.08% | 0.16% |
50M – 100M | 0.06% | 0.14% |
100M – 500M | 0.04% | 0.12% |
500M – 1B | 0.02% | 0.10% |
1B+ | 0.01% | 0.06% |
Note that USDT trading pairs incur no commissions. The platform also charges no commission for deposits (except for Papara transactions). Crypto withdrawal fees vary based on the asset you’re transferring.
Paribu Exchange Listed Cryptocurrencies
The platform has listed a wide array of 170+ cryptocurrencies and 190+ trading pairs in two markets: USDT and TRY. Some of the most popular digital assets available on Paribu:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Pepe (PEPE)
Paribu also offers access to sports fan tokens, especially Fenerbahce Token and Besiktas Token.
Margin and Futures Trading
At the time of writing this Paribu review, the exchange does not offer Margin or Futures trading options. The platform focuses on Spot trading to cater to users seeking straightforward buy/sell transactions without leverage.
Paribu Exchange Registration and Verification
Before proceeding with the registration process, we must mention that the Paribu KYC procedure for Turkish citizens differs from that for foreign citizens.
- Visit the exchange’s official website;
- Click “Hesap oluştur”;
- Fill out the registration form by providing a Turkey phone number (+90);
- Verify your email and phone number;
- Select “Kimlik bilgilerinizi güncelleyin” in your account settings to update your personal information;
- Click “C. vatandaşı” for Turkish citizens or “Diğer ülke vatandaşları” for foreign citizens;
- Provide proof of identity, including Turkish ID card or foreign ID (identification number starts with 99).
Is Paribu Exchange Secure?
The platform operates without official certification and lacks an approved penetration test to assess its cybersecurity resilience.
Additionally, Paribu does not run a continuous bug bounty program to incentivize security researchers to identify vulnerabilities.
Furthermore, there is no publicly available proof of reserves audit, leaving users without transparent verification of the exchange’s asset holdings and liquidity. Paribu security measures:
- Two Factor Authentication (2FA)
- Cold Storage
- Code Transactions: Face ID, touch ID, or pin code to verify transactions
Paribu Payment Methods
The exchange supports TRY and Crypto transactions with no minimum deposit requirement. Paribu TRY payment options:
- Bank Transfers: TL deposit and withdrawal with Akbank, Yapı Kredi Bank, Ziraat Bank, and Vakıfbank at any time (processing hours for other banks: only at working hours)
- Pre-Paid Card: Papara
Note that deposits and withdrawals via Papara have a lower limit of TRY 10.
Paribu Trust Score
There are not many Paribu reviews online. The platform’s profile on TrustPilot has 11 comments, mostly negative, resulting in a poor score of 2.1 out of 5.
While 45% of comments on Paribu TrustPilot are positive (4-star and 5-star), 55% are negative (1-star and 2-star).
However, the experts in CoinGecko have rated the exchange with an acceptable score of 7/10.
Does Paribu Offer a Copy Trading Feature or Investment Plans?
The exchange does not offer copy trading or structured investment plans. However, users can engage in long-term investments through spot trading.
Writer’s Opinion and Conclusion
Paribu provides access to Spot trading on 170+ cryptocurrencies with a minimum trade size of TRY 10.
The exchange accepts TRY transactions via Bank Transfers and Papara cards. It has a poor TrustPilot score of 2.1 out of 5.