Top Crypto Trading Platforms in Turkey

Our team has meticulously evaluated various key factors to compile a list of the Five Best Crypto Exchanges in Turkey. Our evaluation process considered several important aspects, including the platform's features, regulatory compliance, available tokens, and options for depositing Turkish Lira (TRY). By taking these factors into account, we aim to provide Turkish investors with a clear understanding of the top Cryptocurrency trading platforms operating in the country, enabling them to make informed decisions on where to invest their funds.


1. Bybit

Bybit is by far the best Cryptocurrency exchange in Turkey, the platform can be used in Turkish and offers 24/7 customer support in Turkish (Türkçe). It boasts over 10 million registered users in over 180 countries and is a non-KYC exchange, which means that users do not need to verify their identity in order to deposit, trade, or withdraw assets from the platform. We recommend using Bybit as it doesn't require KYC or charge the 17% Crypto VAT for Turkish investors and offers a wide variety of features including staking, lending, borrowing and more.

  • Fees: TRY deposits and withdrawals are free, but Crypto withdrawals are subject to a small fee. The spot trading fee is 0.1% and the futures maker/taker rebates are 0.01%/0.06%.
  • Supported Assets: Buy and sell over 400 Cryptocurrencies & stake over 280.
  • Regulation & Licensing: Not regulated hence no KYC requirements, but provides proof of reserves.
  • Customer Support Options: 24/7 customer support via live chat, email, and a variety of social media platforms such as Twitter, Telegram, Discord & 12 more.
  • TRY Deposit Methods: Bank Transfer, Credit/Debit Card, Maestro, Google Pay, VakıfBank, Ziraat, DenizBank, QNB & 5 more options.
Best Crypto Exchange in Turkey - Bybit.

If you would like to learn more about this exchange you can visit our Bybit Review.


2. OKX

OKX is another good option as it also offers 24/7 Turkish customer support and the exchange can be used in the language as well. Although it offers less security and features than Bybit, it does provide a more regulated trading experience and is licensed in Hong Kong and Malta. On OKX, Turkish investors can trade, stake, lend, borrow, and earn on hundreds of Cryptocurrencies, as well as invest in NFTs through the OKX Marketplace. It also offers a wide variety of DeFi native features like the OKX Chain, OKX Wallet, and OKB Token.

  • Fees: TRY deposits and withdrawals are free and Crypto withdrawals are subject to a small fee. The spot trading fee is 0.1% and the derivatives maker/taker rebate is 0.02%/0.05%.
  • Supported Assets: Buy and sell over 300 Cryptocurrencies & stake over 150.
  • Regulation & Licensing: Registered in Hong Kong and Malta, and provides proof of reserves.
  • Customer Support Options: 24/7 customer support via live chat, email, and social media platforms including Twitter, Discord, Telegram & 8 more.
  • TRY Deposit Methods: Credit/Debit Card, Google Pay, FAST, Papara & 5 more options.
Best Crypto Exchange in Turkey - OKX.

If you would like to learn more about this exchange you can visit our OKX Review.


3. Binance

Binance is the third-best Crypto exchange in Turkey that also provides 24/7 customer support in Turkish and the platform can be used in Turkish. It is less secure and transparent than Bybit and OKX as it does not provide proof of reserves. However, it is the largest trading platform in the world with over 120 million users in 100+ countries including Turkey. Binance offers a vast array of features including multiple order/trading types, over 7 staking options, Crypto loans, and lending services, plus an NFT marketplace and more.

  • Fees: TRY deposit and withdrawal fees vary between 0.5% - 2.99% depending on the method. The spot trading fee is 0.1% and the future maker/taker rebate is 0.02%/0.06%.
  • Supported Assets: Buy and sell over 300 Cryptocurrencies & stake over 100.
  • Regulation & Licensing: Not regulated in Turkey and does not provide proof of reserves.
  • Customer Support Options: 24/7 customer support via live chat, email, and social media platforms which include Discord, Telegram, Twitter & 11 more.
  • TRY Deposit Methods: Advcash, Credit/Debit Card, Bank Transfer & 10+ more options.
Best Crypto Exchange in Turkey - Binance.

If you would like to learn more about this exchange you can visit our Binance Review.


4. BtcTurk PRO

BtcTurk PRO is the largest native Cryptocurrency exchange in Turkey and is based out of Istanbul. Although it is a Turkish trading platform, we do not recommend using it over Bybit as it doesn't have 24/7 live customer support, offers significantly fewer tokens, and supports less TRY deposit methods. Additionally, the exchange charges Turkish investors an 18% VAT on top of the trading fees.

  • Fees: The trading fees on BtcTurk PRO vary depending on if you're a Turkish citizen as there is an 18% VAT charged for residents of Turkey. For a detailed summary of the platform's fees, visit the BtcTurk PRO Fees Schedule.
  • Supported Assets: Buy and sell 102 Cryptocurrencies.
  • Regulation & Licensing: Not regulated and does not provide proof of reserves.
  • Customer Support Options: There is no 24/7 customer service and the only way to contact the support team is through the exchanges online contact form. There is no live chat or email support.
  • TRY Deposit Methods: Bank Transfer and Interbank Transfers (EFT).
Best Crypto Exchange in Turkey - BtcTurk PRO.


5. KuCoin

KuCoin is the largest Altcoin trading platform in the world that offers the widest selection of tokens out of any exchange globally. It is known as the go-to place for altcoins, memecoins, dogcoins, NFT coins, and Metaverse coins. KuCoin is the first centralized exchange that lists new tokens that can generally only be found on DEXs (decentralized exchanges). Although it offers a large selection of tokens, it is not as secure and transparent as the other exchanges in this list.

  • Fees: TRY deposits & withdrawals are free. The spot trading fee starts from 0.1% and the derivatives maker/taker rebate is 0.02%/0.06%.
  • Supported Assets: Buy and sell over 600 Cryptocurrencies & stake over 100.
  • Regulation & Licensing: Not regulated and does not provide proof of reserves.
  • Customer Support Options: 24/7 customer support via live chat, email, and social media platforms including Telegram, Discord, Twitter & 10 more.
  • TRY Deposit Methods: Bank Transfer, Eft Transfer, Skrill, Blik, STC Pay, Papara & 5 more options.
Best Crypto Exchange in Turkey - KuCoin.

If you would like to learn more about this exchange you can visit our KuCoin Review.


Is Crypto Trading Legal in Turkey

As of 2021, Cryptocurrency trading is 100% legal in Turkey, and the Turkish government has introduced regulations specific to buying and selling digital assets like Bitcoin. The regulations include the requirement for digital asset exchanges to obtain a license from the relevant authorities and to comply with anti-money laundering (AML) regulations. These laws are designed to prevent the use of Cryptocurrency for illegal activities, such as money laundering and financing terrorism.

In addition to the regulations governing digital asset exchanges, the Turkish government has introduced tax laws to ensure that Crypto transactions are taxed appropriately. The taxation of Cryptocurrency transactions in Turkey depends on the nature of the transaction and the profit made from it.


Does Turkey tax Cryptocurrencies?

In Turkey, the taxation of Cryptocurrency is regulated by the Ministry of Treasury and Finance. Crypto transactions are subject to income tax, value-added tax (VAT), and withholding tax. The taxation depends on the nature of the transaction and the profit made from it. If the digital asset is used as a means of payment, it is subject to VAT. If it is held as a capital asset and sold for a profit, the profit is subject to income tax. Withholding tax however, is only applicable on Cryptocurrency payments made to non-residents, and the rate is determined by the tax treaty between Turkey and the relevant foreign country.

The income tax on a tokens transaction is calculated based on the profit made from the sale of the asset. If an individual holds the Cryptocurrency for more than one year, the profit is considered a long-term capital gain and is taxed at a lower rate. Cryptocurrency transactions are also subject to AML and KYC regulations, and investors are required to provide identification and other information to the relevant authorities.


Bottom Line

To participate in Cryptocurrency in Turkey, investors can deposit Turkish Lira to digital asset exchanges through various payment methods, such as bank transfer or credit/debit card. Once the deposit is confirmed, investors can then buy, sell and hold a wide range of tokens.

Bybit is the best digital asset exchange, as it offers 24/7 Turkish customer support, and various features such as staking, lending, and borrowing services, plus it has no KYC requirements, allowing Turkish investors to deposit, trade, and withdraw assets without verifying their identity.