Top Crypto Trading Platforms in Turkey

Several cryptocurrency exchanges cater specifically to Turkish users by offering local banking support, competitive fees, and a wide range of trading pairs. Many platforms also provide direct Turkish lira (TRY) deposits via bank transfers, making it easy for residents to buy crypto. Below is a comparison of the top five exchanges for Turkish investors.

1. Bybit

Bybit, founded in 2018, is a leading crypto exchange with over 65 million registered users across Turkey and 160+ other countries. The platform boasts a 24-hour trading volume exceeding $42 billion and lists over 1,700 cryptocurrencies for spot trading and 400+ perpetual contracts.

It supports spot trading, perpetual contracts, options trading, and copy trading, making it ideal for traders of all experience levels. Its Bybit Earn program allows users to earn passive income through flexible staking, lending, borrowing, liquidity mining, wealth management and yield farming. 

The platform also features Bybit Visa Card, which offers up to 10% cashback, VIP privileges, and seamless crypto-to-fiat spending. Additionally, Bybit’s TradeGPT AI assistant provides intelligent market analysis and data-driven insights to help users make informed trading decisions.

• Fees: Spot trading fees are 0.1%.
• Supported Assets: Over 1,700 digital assets.
• Regulation & Licensing: Regulated in Turkey and operating under ‘Bybit Türkiye’.‍
• TRY Deposit Methods: Bank transfers, debit cards, credit cards, VakıfBank, Samsung Pay, Google Pay and Apple Pay.

2. Gate.io

Gate.io offers a vast selection of over 3,700 cryptocurrencies for spot trading and hundreds of derivatives contracts. The platform serves more than 21 million users worldwide and provides a comprehensive suite of services, including spot and margin trading, perpetual contracts, and options.

In addition to its extensive trading options, Gate.io offers innovative features such as the Gate Startup platform, which supports new blockchain projects through token launches and airdrops. The exchange also provides financial products like staking, lending and borrowing services. 

The exchange strongly emphasises security, utilizing a self-developed trading system that undergoes regular audits to ensure the safety of user assets. It also offers educational resources through its "Learn" section, helping users stay informed about the latest developments.

• Fees: Spot trading fees are 0.2%.
• Supported Assets: Over 3,700 digital currencies.
• Regulation & Licensing: Not regulated in Turkey but remains accessible.
• TRY Deposit Methods: Apple Pay, Google Pay, credit cards, debit cards, SEPA and bank transfers.

3. Binance

Binance was founded in 2017 and has rapidly evolved into the world's largest crypto exchange by trading volume and user base. The platform serves over 260 million users across Turkey and 100 countries, offering support in multiple languages, including Turkish, to cater to its global audience.

Binance offers a comprehensive suite of trading options, including spot and margin trading, futures contracts, and options. Through its "Simple Earn" feature, the platform offers staking, lending, and yield farming, enabling users to earn passive income on their crypto assets.

Additionally, Binance operates its own blockchain networks, Binance Chain and Binance Smart Chain (BSC), facilitating a wide range of DeFi projects and applications. The platform's native token, Binance Coin (BNB), plays a pivotal role in the ecosystem, offering users reduced trading fees.

• Fees: 0.1% spot trading fee.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Applied for a crypto asset service provider license with CMB.
• TRY Deposit Options: Advcash, credit cards, debit cards, bank transfers, and SEPA.

4. BtcTurk | Kripto

BtcTurk, founded in 2013, is Turkey’s first and largest exchange. It provides access to more than 100 cryptocurrencies for spot trading and is the country's longest-standing crypto platform. Serving over 5 million registered users, it has significantly shaped the country's digital asset market. 

The exchange is fully compliant with Turkish financial regulations and integrates seamlessly with local banking infrastructure, allowing users to deposit and withdraw Turkish lira (TRY) quickly. BtcTurk offers a range of trading services, including spot trading, margin trading, and an OTC desk. 

The exchange also features BtcTurk Pro, which provides advanced trading tools, deep liquidity, and real-time market analysis for professional traders. It also implements cold storage for most user funds, multi-signature wallets, and advanced encryption protocols to ensure fund safety. 

• Fees: Trading fees on BtcTurk PRO include an 18% VAT for Turkish residents.
• Supported Assets: Trade 102 cryptocurrencies.
• Regulation & Licensing: Regulated by the CMB with audits by KPMG.‍
• TRY Deposit Methods: Bank transfer and EFT.

5. KuCoin

KuCoin has rapidly established itself as a global leader in cryptocurrency trading, serving over 39 million users in more than 200 countries. It has a daily trading volume of over $3 billion and support for 900+ cryptocurrencies for spot trading, plus more than 500 futures contracts. 

One of the key features is KuCoin Earn, a diverse investment suite that includes staking, crypto lending, and structured savings products. The GemSPACE section allows traders to explore and invest in newly launched tokens, offering early access to potential high-growth opportunities. 

The exchange takes security seriously by implementing multi-layer encryption, multi-factor authentication (MFA), and cold wallet storage to protect user funds. The exchange also maintains 1:1 Proof of Reserves (PoR), ensuring full transparency over customer assets. 

• Fees: Spot trading fees start at 0.1%.
• Supported Assets: Over 900 cryptocurrencies.
• Regulation & Licensing: Available in Turkey but not regulated in the country.
• TRY Deposit Methods: Bank transfer, EFT Transfer, Skrill, Blik, STC Pay and Papara.

Is Crypto Regulation in Turkey?

Yes, cryptocurrency is regulated in Turkey. On December 25, 2024, the Turkish government enacted comprehensive legislation governing the use and trading of digital assets. This law, published in the Official Gazette, outlines clear guidelines for the issuance, trading, and custody of cryptocurrencies.

The Capital Markets Board (CMB) has been designated as the primary regulatory authority overseeing crypto activities. All crypto service providers, including exchanges and wallet services, must now register with the CMB and comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.

To protect investors and maintain market integrity, the new regulations also mandate full transparency in crypto transactions and impose penalties for non-compliance. This legislative development positions Turkey as a jurisdiction with a well-defined regulatory framework for digital currencies.

How is Crypto Taxed in Turkey?

Turkey does not impose taxes on individual profits from cryptocurrency trading or holding. However, the Ministry of Treasury and Finance (HMB) has implemented a 0.03% transaction tax on crypto trades to address budget deficits, particularly those arising from the 2023 earthquakes. This proposed tax could generate an estimated 3.7 billion Turkish lira annually.

While individual crypto gains remain untaxed, the evolving regulatory environment suggests that future tax policies could be introduced. Investors are advised to stay informed about potential legislative changes that may impact the taxation of digital assets in Turkey.

Cryptocurrency Adoption in Turkey

Approximately 19.3% of Turkish citizens owned digital currencies in 2024, positioning the country third globally in cryptocurrency ownership, following the United Arab Emirates and Singapore.

Several elements contribute to this widespread adoption. Persistent double-digit inflation and the depreciation of the Turkish lira have led individuals to seek alternative stores of value, with cryptocurrencies like Bitcoin and Ethereum becoming popular choices.

Looking ahead, the Turkish cryptocurrency market is poised for continued growth. Projections indicate that the number of crypto users in Turkey will reach 26.21 million by the end of 2025, with user penetration expected to hit 30.24%.

How to Buy Bitcoin in Turkey

Turkish investors looking to purchase Bitcoin can do so through reputable cryptocurrency exchanges that support Turkish lira (TRY) deposits and comply with local financial regulations. Follow these steps to get started:

1. Choose a Secure Exchange: Select a trusted cryptocurrency exchange that supports TRY transactions. Leading platforms such as Binance, BtcTurk, and Paribu provide secure and reliable trading options tailored for Turkish users.
2. Complete Identity Verification: Register an account on your chosen exchange and complete Know Your Customer (KYC) requirements. This typically involves submitting a government-issued ID and proof of residence to comply with Turkey’s financial regulations.
3. Fund Your Account: Deposit Turkish lira into your exchange wallet using supported payment methods. Many platforms allow deposits via bank transfers, credit and debit cards, or alternative options such as Papara and FAST payment systems.
4. Buy Bitcoin: Navigate to the BTC/TRY trading pair, enter the amount of Bitcoin you want to purchase, and review transaction details, including fees and current exchange rates. Once confirmed, complete the trade to finalize your purchase.

By using a regulated exchange and implementing strong security practices, Turkish investors can safely buy Bitcoin and participate in the growing digital asset market with confidence.

Final Thoughts

Turkey’s crypto market is growing rapidly, with increasing adoption, regulatory clarity, and a strong selection of exchanges supporting Turkish lira (TRY) deposits. 

Whether traders prioritize deep liquidity, a wide range of assets, or high staking rewards, platforms like Bybit, Gate.io, Binance, BtcTurk, and KuCoin offer competitive options.