How To Buy Bitcoin in Turkey?
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Easiest and cheapest ways to buy crypto in Turkey
Getting bitcoins in Turkey is not an easy task as not all popular crypto exchanges are available to Turkish citizens. This is a current list of bitcoin exchanges that allow users from Turkey to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Crypto.com
Ease of Use β Easy Fees β Low Verification β 1 Day Reputation β Trusted Supported fiat β USD, EUR, GBP, CAD, and 10+ more
Crypto.comΒ was founded in 2016 with the sole aim of making cryptocurrencies more accessible for everyday use in the financial world.Β
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It was known initially as Monaco Technologies but swapped to Crypto.com in July 2018. It wasnβt long for it to show that it meant business as it raised $26.7M in a token sale in June 2017 after being accepted into Supercharger, a leading FinTech accelerator. With a built-in exchange, an intuitive mobile app, prepaid VISA cards, and an increasing number of supported cryptocurrencies Crypto.com has established itself as a popular name in the cryptocurrency world.
Deposit fees:
Free Withdrawal fees:
Vary from coin to coin Trading fees:
0.04% β 0.2 % Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more
Β It accepts both fiat and cryptocurrencies
Β Mobile App (iOS and Android)
Β It provides other financial services like crypto loans, crypto staking, DeFi, etc., depending on your country
It offers tax support
The customer support could do better
Fiat withdrawals take too long
You need to have 50,000,000 CRO (its native token) to benefit from its highest fee discount
CoinSmart
Ease of Use β Easy Fees β Low Verification β 1 Day Reputation β Trusted Supported fiat β CAD
CoinSmart is a crypto exchange that was launched back in 2018 by Justin Hartzman and Jeremy Koven. The main purpose of launching the exchange was to make crypto more accessible to the common person in all parts of the world.
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Deposit fees:
0 β 6 % Withdrawal fees:
1% ($15 Minimum) Trading fees:
0.20% for a single trade and 0.40% for double trade Payment Methods:
Interac E-transfer, Bank draft, SEPA, Wire transfer, Credit card, Debit card, Simplex, and Crypto assets Supported fiat:
CAD
Β It is regulated
Β The user-friendly, simple-to-use interface
Β Easy and fast deposit and withdrawal process
Customer support is on a decent level
A low number of supported cryptocurrencies
No advanced features such as staking, lending, borrowing, or margin trading
Not available in the US
LocalBitcoins
Ease of Use β Easy Fees β Low Verification β 1 Day Reputation β Trusted Supported fiat β USD, EUR, GBP, and more
When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.
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Deposit fees:
Free Withdrawal fees:
Free Trading fees:
1% Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc. Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)
Β Available in all countries
Β The longevity on the crypto market
Β A great number of payment methods
A face-to-face meeting might be annoying
KYC is mandatory
Kraken
Ease of Use β Easy Fees β Average Verification β 2-3 Days Reputation β Trusted Supported fiat β USD, EUR, GBP, JPY, CAD
Kraken is one of the oldest and biggest centralized cryptocurrency exchanges on the market. It was founded in San Francisco, California, the United States, in 2011. It has over 6 million users all over the world. Kraken offers 90+ cryptocurrencies that you can buy, sell, and trade.
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Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16%Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
Β 170+ countries supported
Β Never been hacked
Β Mobile App (iOS and Android)
Various payment methods
A wide range of cryptocurrencies is available
Fees slightly above the industry average
Limited customer support
Best Bitcoin Wallets in Turkey
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Binance
Ease of Use β Medium Fees β Low Verification β 1 Day Reputation β Trusted Supported fiat β USD, EUR, GBP, AUD, RUB
Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest trading volume with more than $1 billion on a daily basis.
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Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β High liquidity
Β It supports a large number of crypto assets
Β Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges
Not available in the US
Not fully registered
Hacked in 2019
Cex.io
Ease of Use β Easy Fees β High Verification β 1 Day Reputation β Trusted Supported fiat β USD, EUR, GBP, RUB
Cex.io is considered one of the oldest exchanges in the crypto world. It was launched in 2013. It started as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.
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Deposit fees:
Β 0 β 3.99 % Withdrawal fees:
0 β 3 % Trading fees:
0 β 0.25 % Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments Supported fiat:
USD, EUR, GBP, RUB
Β Reputation is high
Β Longevity on the crypto market
Β Over 4 million users
Advanced features such as spot trading, margin trading, staking as a service, crypto loans, and savings accounts
Extensive Verification Process to Increase Purchasing Limits
Paybis
Ease of Use β Easy Trading Fees β Average Verification β 1 day Reputation β Trusted Supported fiat β USD, EUR, GBP, and more
Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
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Deposit fees:
Free Withdrawal fees:
Free Trading fees:
0.99 β 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
Β Super easy to use
Β Excellent customer support
Β A great resource for crypto education
Transparent fees and fast transactions
A limited number of supported crypto assets
A bit higher trading fees
Bitstamp
Ease of Use β Easy Fees β Low Verification β 1 Day Reputation β Trusted Supported fiat β USD, EUR, GBP
Bitstamp was launched back in 2011 by two Slovenians β Damijan Merlak and Nejc KodriΔ. It is considered one of the oldest crypto exchanges in the world. Bitstamp moved from Slovenia to the UK in 2013 and then in 2016, it moved to Luxemburg where it is based today.
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The main services of the platform are buying and selling cryptocurrencies, spot trading, and staking. However, keep in mind that Bitstamp does not support some of the advanced trading services such as margin or future trading.
Deposit fees:
0 β 5 % Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC) Trading fees:
0 β 0.5 % Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire. Supported fiat:
USD, EUR, GBP
Β Competitive fees
Β Security and safety on a high level
Β The longevity on the crypto market
Suitable for all types of traders (beginners and experienced ones)
The number of coins could be higher (50)
The number of coins available for staking could be higher (2)
No advanced trading services such as staking or margin trading
Frequently asked questions about buying Bitcoin in Turkey
You can buy Bitcoin in Turkey on various exchanges with the most popular being CoinSmart, Binance, and Crypto.com.
Yes, Kraken is available in Turkey.
Yes, Bitstamp is available in Turkey.
Turkeyβs citizens are increasingly using cryptocurrencies. Nevertheless,Β there is currently no regulation on the taxation of cryptocurrencies or NFT transactions.
1. Compare crypto exchanges. The easiest way to buy Ethereum is from a cryptocurrency exchange.
2. Create an account. To create an account on an exchange you will need to verify your email address and identity.
3. Make a deposit.
4. Buy Ethereum.
In April 2021, Turkeyβs central bank said it was banning the use of cryptocurrency for payments, althoughΒ it remains legal to hold crypto in the country.
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