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 6 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.
- Bitpanda – offers the best beginner-friendly trading services in Turkey. Leading European retail broker of Bitcoin, intuitive platforms.
- 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||Bitpanda||4.2||Best Beginner-friendly exchange||1.6%/1.75%||$985,154|
|#6||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.
01. 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.
02. 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.
03. 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.
04. 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.
05. Bitpanda: Best Beginner-Friendly Exchange
Bitpanda is a top European retail broker of Bitcoin. It offers a versatile portfolio with access to popular coins, including Ethereum and Litecoin. Bitpanda has a secure mobile app with a beginner-friendly interface. It is a trustworthy trading platform with useful trading tools.
This exchange is available worldwide to traders at all levels. Accounts that don’t complete verification receive access to a free Bitpanda wallet to send/receive money. Verified accounts get full access to all Bitpanda services.
06. 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.
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.
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 platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity, and security.
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.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, 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.75% 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. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
- 1 Top 6 Crypto Exchanges In Turkey
- 2 Best Crypto Exchanges In Turkey – List
- 2.1 01. Crypto.com: Best Turkish Crypto Exchange Overall
- 2.2 02. Binance: Best Platform to Buy Cryptocurrency in Turkey
- 2.3 03. Coinbase: Best Platform For Cryptocurrencies
- 2.4 04. Kraken: Best Trading Platform for Bitcoin
- 2.5 05. Bitpanda: Best Beginner-Friendly Exchange
- 2.6 06. CEX IO: Best Cryptocurrency Exchange
- 3 How To Pick a Crypto Exchange?
- 4 Conclusion