Top 10 Cryptocurrency Exchanges To Buy Bitcoin In Turkey 2021
One of the safe modes of savings among people when the fiat money is low, has been to buy gold and store it as wealth. It is also considered as a big asset even today. As day by day the gold price is increasing the sale value of the gold is also increasing. But what has been taking place now for a few years is a revolution. Drastic adaption of cryptocurrencies like Bitcoins, ETH began to play the role of digital reserve-asset which led to it becoming a “digital gold”.
The pandemic has increased the demand for cryptocurrencies in Turkey. Between March 20 to 24, 2.8 billion dollar worth of cryptocurrencies were traded. But During the same period last year 12 million dollar worth cryptocurrencies were traded. Also a report form google trends says that the searches for Bitcoin hit an all time high surfs showing an upgraph of 566% in the hours of lira's fall. Now let us know about the top cryptocurrency exchange websites in Turkey.
Top Crypto Exchange Website In Turkey
1. Binance
Binance is a leading Hong Kong based cryptocurrency exchange platform that allows trading for various cryptocurrencies. It was founded in 2017 by Changpeng Zhao. As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. It is considered as a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). Now more than 180 countries are using binance and having more than 15,000,000 users around the globe. Certain limits are used in their APIs such as Hard-limits, ML (Machine Learning) Limits, and WAF (Web Application Firewall) Limits.
Insights & Stats
Trade volume - $3Trillion USDT
Volume (24hr) - 3.66B
Market Cap - 52.061B
Trading pairs - 591
2. Coinbase
Coinbase Global is an American based cryptocurrency exchange platform that operates remote-first. It was founded in 2012 by Brian Amstrong and Fred Ehrsam. As of March 2021, it is the largest cryptocurrency exchange platform in USA in terms of trading volume. Coinbase is serving in more than 100 countries including Turkey, which is having a revenue of 1.14 billion dollars by 2020. As of 2020, Coinbase has 1,249 employees. Coinbase has 7,000 institutional customers holding about $44.8B worthed assets. 108 cryptocurrency assets are supported on Coinbase. The most traded cryptocurrencies on Coinbase is "Bitcoin" - 41% of total coinbase's trading volume in 2021.
Coinbase - Insights & Stats
Trade Volume - $335 billion
Verified Users - 56M
Revenue Earned In 2020 - $1.28B
Revenue Earned In 2021 - $1.8B (Till March)
Market Cap - 11.3%
3. CEX.IO
CEX.IO is one of the famous bitcoin exchange platforms around the globe. It was founded in 2013 by Oleksandr Lutskevych in London. CEX.IO supports fiat currencies such as the United States dollar (USD), Euro (EUR), Pound Sterling (GBP), and Ruble (RUB). It quickly allows traders to buy bitcoins using credit cards, a wire transfer, or a SEPA transfer.
CEX.IO - Insights & Stats
Total Volume - $116,353,405
Cryptos - 10,138
24h Volume - $135,199,774,158
Market Cap - $1,532,952,093,102
4. BtcTurk
Btc Turk is Turkey's first cryptocurrency exchange platform which allows traders to buy crypto with Turkey's fiat currency Lira. It was founded on July 1, 2013 by Kerem Tibuk. The first Bitcoin trading was carried out with Turkish lira in 2013. It has over 1 million users trading on the platform,
Btc Turk - Insights & Stats
Trade volume - $136.68M
Volume (24hr) - $129,766,866.81
Market Cap - $1,570,456,337,298
Trading pairs - 79
4. Bitstamp
Bitstamp is a bitcoin exchange platform based in Luxembourg. It was founded by Nejc Kodric in 2011. It is located in London, Luxembourg, Slovenia, and New York City. Bitstamp employs best practices in terms of security, by utilizing advanced security technologies. It allows trading between fiat currency, bitcoin and other cryptocurrency. This platform is involved with 5 cryptocurrencies; Bitcoins (BTC), LiteCoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH) and XRP (Ripple). The funds are stored in a cold wallet. It is stored offline for transparency and security reasons.
Bitstamp - Insights & Stats
Trade volume - $375 646 259 9 640.11 BTC
Volume (24hr) - $478,530,363.41
Market Cap - $1,628,123,898,832
Trading pairs - 91
5. Poloniex
Poloniex is a San Francisco based cryptocurrency exchange platform founded in 2014 by an individual named Tristan D'Agosta. The exchange is also extremely popular among cryptocurrency traders from all over the world. The Poloniex allows 200+ cryptocurrency pairs in the platform. It supports trading orders including Buy order, Sell Order and Stop limit order. The most frequently traded cryptocurrencies on this exchange platform are:
- Bitcoin
- Dash
- Ethereum
- Litecoin
- Monero
- Zcash
As for security, Poloniex uses 2-factor authentication for account login and withdrawal authorization. It has abundant liquidity with a user-friendly platform. In the future, Circle plans to make fiat trading available on Poloniex. Overall, Poloniex is an important exchange in the cryptocurrency ecosystem.
Poloniex - Insights & Stats
Trade volume - $93.64M
Volume (24hr) - $119,944,220.67
Market Cap - $1,561,684,716,647
Trading pairs - 343
6. Bitfinex
Bitfinex is a well-known Hong Kong based cryptocurrency exchange platform. It was founded in 20212 by Giancarlo Devasini, and Raphael Nicolle and now serves 52 countries. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies. In 2018, Bitfinex had a net profit of 404 million dollars. The exchange supports fiat currency and trading pairs include USD, EUR, GBP, BTC, ETH, EOS, and JPY. The exchange platform has multi-lingual support.
Bitfinex - Insights & Stats
Trade volume - $663.13M
Volume (24hr) - $676,129,007.96
Market Cap - $11 Billion
Trading pairs - 303
7. Bittrex Global
Bittrex is one of the largest American based crypto-to-crypto exchange platforms. It was founded in 2014 by three senior security managers from Amazon: Bill Shihara, Richie Lai, and Rami Kawach. Nittres offers 284 trading paris. Bittrex's estimated annual revenue is currently $33.4M per year having 257 Employees. Their main competitors are Poloniex, Kraken and Binance.
Bittrex Global - Insights & Stats
Volume (24hr) - $100,430,701.30
Trading pairs - 884
8. KuCoin
Kucoin is a Hong Kong based cryptocurrency exchange platform which was established in 2017 by Johnny Lyu. The exchange supports a wide variety of cryptocurrencies. The platform currently has 180 cryptocurrencies which can be traded against Bitcoin. Coins can also be traded against ETH, NEO, KCS, and USDT, where there is no support for fiat currency. KuCoin Exchange's estimated annual revenue is currently $27.5M per year and has 131 employees.
KuCoin - Insights & Stats
24h volume - $ 12.57 million
Market cap - $ 695.27 million
Trade volume -
Trading pairs -
9. Gemini
Gemini is registered, approved and licensed as a cryptocurrency and digital asset exchange platform. It was founded in 2014 by Cameron Tyler Winklevoss. Gemini is a New York based cryptocurrency exchange platform. It is the first licensed ether exchange platform.
Gemini - Insights & Stats
24h volume - $227,005,912.15
Market cap - $ 695.27 million
Trade volume - $810 274 033 21 462.39 BTC
Trading pairs - 757
10. LocalBitcoins
LocalBitcoins is a Finland based peer to peer bitcoin marketplace. It was founded in 2012 by Jeremias Kangas. As of December 2013, LocalBitcoins has around 110,000 active traders with a trade volume of 1,400–3,000 bitcoins per day.
LocalBitcoins - Insights & Stats
24h volume - $4,458,184
Few Other growing cryptocurrency exchange platforms
There are also many other cryptocurrency exchange platforms in Turkey. Below are some of them,
- Bityard
- Bitit
- Paybis
- Crypto.com
- SnaoEx
- CoinsBank
- Coinmate
- Paribu
- Luno
- Coinmama
- Bitpanda
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