Turkey has seen massive growth in cryptocurrency adoption over the past few years. With crypto assets like Bitcoin and Ethereum surging in popularity, more Turkish investors are looking to buy, sell and trade digital currencies.
To find the top crypto exchanges accepting users from Turkey, we analyzed over 25 major platforms based on important factors like:
- Proper licensing to operate in Turkey
- TRY (Turkish Lira) support
- Low trading fees
- Wide selection of cryptocurrencies
- Beginner friendly
Below we have compiled our list of the 5 best cryptocurrency exchanges available to users in Turkey for 2023.
Top Cryptocurrency Exchanges in Turkey
After extensive research, we have selected the following platforms as the leading crypto exchanges for Turkish users this year:
- Bybit – Best for Crypto Derivatives
- BinanceTR – Largest Turkish Crypto Exchange
- BtcTurkPro – Best Local Turkish Platform
- OKX – Excellent Altcoin Selection
- Bitexen – Easy TRY Funding
These exchanges ranked highest based on their competitive fees, number of supported coins, Turkish Lira funding options, and easy to use interfaces. They also comply with local KYC/AML regulations.
Let’s take a closer look at each of our top picks:
1. Bybit
Bybit is one of the top platforms for cryptocurrency derivatives trading in Turkey. The exchange offers up to 100x leverage across BTC, ETH, XRP, EOS and other major cryptos.
For Turkish traders interested in crypto futures and perpetual swaps, Bybit provides an extensive product line with high leverage. The platform has excellent liquidity, competitive fees, and a customizable trading interface.
Bybit implements robust security safeguards including cold wallet storage, address whitelisting, and DDoS protection. Accounts are also protected by two-factor authentication.
With its focus on crypto derivatives, Bybit stands out as the top platform for Turkish margin traders and professionals.
If you want to learn more about the exchange, you can read our full Bybit review.
Supported Assets: Over 400+ Cryptocurrencies
Futures Contracts: 200+ Futures contracts
Max. Leverage: 100X
Spot Fees: 0.1% maker / 0.1% taker
Futures Fees: 0.02% maker / 0.55% taker
Deposits & Withdrawals: TRY deposits and withdrawals via Advcash + Purchases via credit/debit card + Bank Transfer
Licensed & Regulated: MVP license, Regulated by Dubais Virtual Assets Regulatory Authority (VARA)
Bybit Pros & Cons
| 👍 Bybit Pros | 👎 Bybit Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced (confusing for beginners) |
| ✅ High liquidity | ❌ Not available in the United States |
| ✅ Advanced trading options | ❌ Limited payment methods |
| ✅ Copy trading | |
| ✅ Passive income products | |
| ✅ Full proof of reserves |
2. BinanceTR
BinanceTR is the Turkish division of the leading global exchange Binance. The platform is directly tailored to Turkish crypto investors with TRY trading pairs and local payment methods.
With its extensive altcoin selection, low fees, and easy TRY fiat onboarding, BinanceTR has become the most popular spot exchange in Turkey.
In addition to spot trading, BinanceTR offers staking services, savings accounts, OTC, and P2P crypto purchases. The platform provides 24/7 Turkish customer support.
For Turkish investors looking for the widest selection of coins traded against the Turkish Lira, BinanceTR comes highly recommended.
If you want to learn more about the exchange, you can read our full Binance review
Supported Cryptos: Over 140+ cryptocurrencies
Futures Contracts: No Futures Supported
Max. Leverage: No Futures Supported
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: No Futures Supported
Deposits & Withdrawals: TRY deposits and withdrawals via Bank Transfer
Licensed & Regulated: Regulated by FCA, Abu Dhabi GFSC, Thailand SEC.
BinanceTR Pros & Cons
| 👍 Binance Pros | 👎 Binance Cons |
|---|---|
| ✅ Low trading fees | ❌ Complex to use |
| ✅ Direct TRY deposits & withdrawals | ❌ Not available in the United States |
| ✅ Local turkish customer support | ❌ No futures trading |
| ✅ User friendly |
3. BtcTurkPro
BtcTurkPro is a leading Turkish crypto exchange that’s been operating since 2013. The platform is overseen by the Turkey Capital Markets Board and provides a secure environment for Turkish investors.
BtcTurkPro offers spot trading for 70+ cryptocurrencies including all major coins. The exchange charges some of the lowest trading fees in Turkey at 0.1% per trade.
Users can fund their accounts using Turkish Lira via wire transfer, credit/debit cards, Papara, and other local payment methods. The platform also provides 24/7 Turkish customer support.
For investors in Turkey looking for the lowest trading fees and easiest TRY funding, BtcTurkPro is a great choice.
Supported Cryptos: Over 100+ cryptocurrencies
Futures Contracts: 50+ futures contracts
Max. Leverage: Up to 50x leverage
Spot Trading Fees: 0.1% maker fee, 0.2% taker fee
Futures Trading Fees: 0.05% maker, 0.07% taker
Deposits & Withdrawals: TRY deposits/withdrawals via SEPA transfer
Licensed & Regulated: Licensed in the UK by the FCA
BTCTurkPro Pros & Cons
| 👍 BTCTurkPro Pros | 👎 BTCTurkPro Cons |
|---|---|
| ✅ Local Turkish exchange | ❌ Limited altcoin selection |
| ✅ Direct TRY deposits & withdrawals | ❌ Low liquidity |
| ✅ 24/7 turkish customer support | ❌ No passive income products |
| ✅ User friendly | ❌ Only available in Turkey |
4. OKX
OKX (formerly OKEx) is a leading global crypto exchange with extensive support for altcoins and derivatives trading. Turkish users can access the international OKX platform to trade hundreds of cryptocurrencies.
Beyond spot trading, OKX offers futures, margin trading, options, lending, and staking across a wide variety of assets. No fiat deposits, Only TRY purchases with P2P and credit/debit card
OKX provides an advanced trading interface with depth charts, analytics, and custom screeners to help Turkish traders make better decisions. The exchange charges competitive spot fees starting at just 0.08% for makers and 0.1% for takers.
For Turkish crypto traders seeking access to a vast variety of altcoins and advanced trading features, OKX is a top pick.
If you want to learn more about the exchange, you can read our full OKX review
Supported Cryptos:Over 400+ cryptocurrencies
Futures Contracts: 200+ futures contracts
Max. Leverage: Up to 125x leverage
Spot Trading Fees: 0.1% maker fee, 0.2% taker fee
Futures Trading Fees: 0.05% maker, 0.06% taker
Deposits & Withdrawals: support P2P and Direct payment method
Licensed & Regulated: Licensed in Malta by the MFSA
OKX Pros & Cons
| 👍 OKX Pros | 👎 OKX Cons |
|---|---|
| ✅ Best futures exchange | ❌ Limited altcoin selection |
| ✅ 125x leverage | ❌ No live customer support |
| ✅ Copy trading | ❌ Complicated to use |
| ✅ Most advanced features | |
| ✅ Low fees |
5. Bitexen
Bitexen is a popular Turkish crypto exchange that makes it simple for investors to buy and sell Bitcoin and other major cryptocurrencies using the Lira.
The platform offers 20+ coins including BTC, ETH, XRP, USDT, and leading altcoins. Bitexen provides multiple Lira funding options including wire transfer, credit card, PayTR, and Papara.
Bitexen charges 0.20% on spot trades with discounts available to high volume traders. The clean user interface is beginner friendly for new Turkish investors getting started.
For Turkish investors looking for an easy on-ramp to purchase Bitcoin, Ethereum, and other leading coins with Lira, Bitexen is a good choice. The platform makes crypto investing simple for beginners.
Supported Cryptos: Over 50+ cryptocurrencies
Futures Contracts: 75+ futures contracts
Max Leverage: Up to 75x leverage
Spot Trading Fees: 0.1% maker fee, 0.15% taker fee
Futures Trading Fees: 0.03% maker, 0.05% taker
Deposits & Withdrawals: Turkish Lira deposits/withdrawals via bank transfer
Licensed & Regulated: Licensed in Turkey by the CMB
Bitexen Pros & Cons
| 👍 Bitexen Pros | 👎 Bitexen Cons |
|---|---|
| ✅ Simple TRY funding | ❌ Limited crypto selection |
| ✅ Beginner friendly | ❌ Relatively high fees |
| ✅ Active Turkish community | ❌ Limited trading features |
Is Cryptocurrency Trading Legal in Turkey?
Yes, cryptocurrency trading is completely legal and regulated in Turkey. The country has no restrictions on citizens buying, selling, or transacting in crypto assets.
Exchanges operating in Turkey must comply with laws surrounding Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols. As long as exchanges follow proper licensing procedures, Turkish users can freely use their services.
The lack of regulatory uncertainty has helped contribute to Turkey’s growing crypto industry. The Turkish government has also voiced support for technological innovations like blockchain and digital assets.
How to Buy Bitcoin in Turkey
Purchasing Bitcoin in Turkey has become increasingly popular as more Turkish people look to invest in the leading cryptocurrency. While there are risks, buying Bitcoin can be simple if you follow a few key steps.
Step 1: First, you’ll need to sign up for a Turkish cryptocurrency exchange that allows BTC trading against the Turkish Lira (TRY). Leading options include Bybit, BinanceTR, BtcTurk Pro, Paribu, and BTCTurk. Register an account and provide your basic personal information like a national ID and proof of residence.
Step 2: Once registered, complete the exchange’s know-your-customer (KYC) verification process. This requires submitting documents to confirm your identity. Verification may take 1-2 days. This allows you to trade freely within legal limits.
Step 3: You’ll then need to deposit TRY into your exchange account. Exchanges support local banking transfers, debit/credit cards, or third-party payments like Papara. Deposit an amount you feel comfortable investing in Bitcoin.
Step 4: Now you’re ready to buy BTC. Navigate to the BTC/TRY trading pair and enter the amount of Turkish Lira you want to spend. You can execute a market order to purchase at the current market rate, or set a limit order to define your maximum purchase price.
Step 5: Once your order is filled, withdraw the BTC off the exchange into a secure wallet you control. This protects your investment from exchange hacks. Consider a hardware wallet like Trezor or Ledger for optimal security.
In summary, signing up for a Turkish exchange, completing KYC verification, funding your account with Lira, and executing a BTC buy order allows easy access to Bitcoin. Do your own research and invest wisely.
Final Thoughts
Cryptocurrency adoption continues accelerating in Turkey, aided by cheap electricity costs, strong infrastructure, and crypto-friendly policies.
For Turkish crypto investors, Bybit stands out as the top platform for derivatives trading with up to 100x leverage. BinanceTR leads for spot trading the widest selection of altcoins against TRY.
Beginners may prefer user-friendly options like Bitexen for buying Bitcoin and major coins. BtcTurkPro also offers TRY funding with low trading fees.
Whichever exchange you select, be sure to use proper security practices when managing and storing your cryptocurrencies. This includes setting a strong password, enabling 2FA, and withdrawing to your own private wallet.
We hope this guide helps you find the best cryptocurrency exchange for your needs in Turkey!
