Page Summary
In this guide, we analyze the best crypto exchanges in Turkey. We have reviewed and evaluated 133 cryptocurrency exchanges in 8 distinct categories. We analyzed all aspects of their service, including trading costs, platforms, and mobile trading, deposits & withdrawals, asset portfolios, customer support, liquidity, and safety protocol.
Digital trading platforms that reached the highest rating are in the following list:
Top 5 Crypto Exchanges In Turkey
- Crypto.com – is the best crypto exchange in Turkey. Great trading tools and secure crypto trading platforms.
- Binance – finished up second as the best crypto trading platform. Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Coinbase – finished up third as the best crypto trading platform. Great trading platform and low fees.
- Kraken – is in fifth place. Sophisticated trading tools for experienced investors.
- Cex IO – finishes our list at six. Best automated crypto trading tools. Great assets coverage and crypto margin trading.
Best Crypto Exchanges In Turkey – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Crypto.com | 4.3 | Best overall crypto exchange | 1%/1% | $2,739,612 |
| #2 | Binance | 4.3 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #3 | Coinbase | 4.4 | Best For Low Trading Fees | 1.8%/2.75% | $68,571 |
| #4 | Kraken | 4.5 | Most trusted exchange | 0.1% /0.1% | $806,899,070 |
| #5 | CEX IO | 4.6 | Most asset classes | 0.01%/0.00% | $808,571 |
This section below breaks down the best crypto trading platforms in Turkey, beginning with the best-rated Crypto.com.
1. Crypto.com – Best Turkish Crypto Exchange Overall
Crypto.com is a modern and fast adopting crypto exchange offering access to NFTs, e-wallets, own credit card, staking, investing, and crypto trading. Their trading app is intuitive, easy to use, and available on iOS and Android. Trading fees are competitive across all accounts. With the extra bonuses for holding specific coins, they can compete with the fee structure of industry-leading exchanges. Crypto.com offers access to 250 different crypto coins.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
2. Binance – Best Platform to Buy Cryptocurrency in Turkey
Binance takes the second spot as the best platform to buy cryptocurrency in Turkey. High-volume crypto traders will appreciate the high spot trading volumes, a wide range of available coins, low fee structure, and advanced trading tools and order types.
Binance has premium account features, including staking rewards and OTC trading. Traders earn from 1-10% for holding different assets over time. We recommend this crypto exchange for advanced crypto traders who want to trade with lower trading fees and invest in less popular altcoins. We do not recommend Binance for beginner traders.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
3. Coinbase – Best Platform For Cryptocurrencies
Coinbase comes in third place as the best exchange for crypto beginners. Their trading platform offers access to over 100 crypto assets, fast trade execution, rewards on trading, and a beginner’s friendly interface. Trading fees are above the industry average.
Coinbase Pro is available for professionals with access to a lower fee structure and advanced tools, including stop-loss orders, advanced charting, and indicators. Users will not find an option to trade futures or to trade on margin accounts.
Customer support is below the industry average.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
4. Kraken – Best Trading Platform for Bitcoin
Kraken is a well-established and the oldest crypto exchange with industry-leading technology. It finished in fourth place as the best trading platform for Bitcoin in Turkey. It is a great choice for advanced crypto investors looking for margin and futures trading options, sufficient trading volume, and low trading costs.
Kraken’s proprietary trading platform allows users to buy and sell digital currencies with the lowest fees in the industry, multiple order types, valuable educational resources, and quick buy features. The mobile version is available on iOS and Android and has all the trading tools from the web version.
High-net-worth clients are the only ones allowed to use the exchange’s consultation and management services.
Pros
- Great offer of different crypto trading instruments
- Very competitive trading fees
- Very good trading platform
- Highest security standards
- Very good trading volumes
- Very good mobile trading application
- Wide range of educational materials
Cons
- Not beginner friendly
- Slow customer support
Key features
- Spot and margin crypto trading
- Crypto earn, staking, crypto bank
- Kraken account management
- Serve corporations, wealth managers, investment funds
5. Cex.io – Best Cryptocurrency Exchange
CEX IO is finishing up our list of the top 6 crypto exchanges for Turkish citizens. With more than 90 different crypto asset classes, its advanced trading tools, cross-platform trading, and availability in all MENA countries, it is a great fit for advanced traders.
Cex.io has high trading fees for debit/credit card transactions. Deposits are charged with a 2.99% fee, while withdrawals have a fee of 3%.
All traders receive staking rewards and access to a reliable mobile app enabling them to buy and sell cryptocurrency quickly and inexpensively.
Pros
- Regulated and licensed
- Very good deposit and withdrawal options
- Very good customer support
- Great choice for mobile trading
- Very good Crypto wallet
Cons
- Low security ratings, being hacked previously
- Low trading volumes
- Limited educational content
Key features
- Spot and derivative crypto trading
- Automated trading available
- Provides opportunity to earn cryptos (staking, saving)
- Crypto backed loans are available
- CEX.IO credit card
How To Pick a Crypto Exchange?
The main aspects to take into account when selecting an exchange include fees, digital platforms, mobile apps, deposits & withdrawals, assets, customer service, liquidity, and safety.
Fees: Avoid crypto exchanges that have high fees on trades, overnight costs, and hidden fees.
Trading platforms: Choose intuitive, beginner-friendly, and fast executing crypto platforms.
Mobile Trading: Mobile crypto trading apps should offer the same tools and services as their web versions.
Deposit & Withdrawal: Select an exchange that provides your preferred deposit and withdrawal solutions with low costs or no fees.
Assets: Search for the best coverage of asset classes. Exchanges not offering access to popular altcoins should be avoided.
Customer support: New crypto traders must look for fast and professional customer service in their language.
Liquidity: High liquidity and trading volumes offer guarantees that you will be able to sell your crypto assets.
Security: Top exchanges offer proof of funds, penetration tests, and have a long track record in the industry. Always check safety features with the crypto exchange security rating agency (CER.live)
*Safety Risks For Turkish Citizens
Trustworthy cryptocurrency exchanges for Turkish citizens are government-regulated and have trading licenses. Larger exchanges have a banking history and are listed on stock exchanges.
Regulation Of Cryptocurrency Exchanges in Turkey
The Financial Crimes Investigation Board (MASAK) manages crypto service providers on compliance problems and AML laws in Turkey. The Capital Markets Board (SPK) oversees the crypto market, including token and ICOs offerings. Cryptocurrency exchanges registered in Turkey need to follow the regulatory guidelines from the MASAK, SPK, and AML laws. All authorized exchanges have to identify users based on KYC standards and maintain records. Exchanges that don’t have authorization are subject to financial and criminal charges.
Is Cryptocurrency trading legal in Turkey?
Trading cryptocurrency in Turkey is not illegal, but the financial environment is challenging. Even though there isn’t a specific ban on trading digital assets in Turkey, many regulatory bodies cite crypto as a type of evasion of taxes.
How To Start Trading With – Crypto.com
Crypto.com is a leading crypto exchange with access to a secure trading app. It has a valuable asset portfolio, an intuitive platform interface, and access to rewards and bonuses. Here are the steps to follow to crypto trade with Crypto.com.
Step 1: Go to the Crypto.com official website and download the app
Download the Crypto.com app under this link here – https://crypto.com/eea/app.
Step 2: Click on the “Sign Up” button
After you download the Crypto.com app, click on the “Sign Up” button. Upload the requested information and create a new trading account.
Step 3: Verify your account
All Crypto.com account holders need to verify their accounts. This will let you buy, hold, and sell crypto coins.
Step 4: Buy Cryptocurrencies
Open the Crypto.com app and click on the asset portfolio. Choose a crypto coin and buy, hold and sell fractions of the asset. To own crypto, you don’t need to buy the entire coin.
Conclusion
We recommend Crypto.com as the best crypto exchange for Turkish crypto enthusiasts. They offer secure exchange services simultaneously, competitive fees, advanced trading tools, a user-friendly platform, and the availability of a versatile crypto portfolio. Binance comes in second, based on its overall low fees and excellent trading platforms.
The results from our final verdict are based on our evaluation process, where we research and analyze all aspects of crypto exchange services, including fees, trading platforms, mobile trading, deposits & withdrawals, assets, customer support, liquidity, and security.
FAQ
What Is A Centralized Cryptocurrency Exchange?
A centralized exchange is a secure private provider with crypto trading platforms. This type of exchange will request registration and identification under the Know Your Customer rules. Some of the leading centralized exchanges are Kraken, Coinbase, and Binance.
What Is A Decentralized Cryptocurrency Exchange?
A decentralized exchange does not have a central point of control. It works as a server, but it has each device spread out across the world. If one computer malfunctions, it does not interfere with the network’s activity. However, decentralized exchanges aren’t obliged to comply with any rules from a regulatory body.
Can You Buy Cryptocurrencies In Turkey?
Yes, you can buy cryptocurrencies in Turkey. Traders need to choose crypto exchanges or brokers with a versatile portfolio.
Is Crypto Tax-Free In Turkey?
Crypto trading isn’t tax-free in Turkey. Depending on the value of your coins, you might be subject to income tax.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.