Summary: Ziraat Bank customers cannot purchase cryptocurrency directly through the bank. However, they can transfer Turkish Lira from their Ziraat accounts or cards to a secure and regulated digital asset exchange. Once their funds are on the platform, they can directly purchase crypto like Bitcoin.
Following a detailed examination of the leading digital currency exchanges available to Turkish residents, we found that Bybit was the best-suited platform for Ziraat clients. It offers free and instant TRY deposits in several payment methods and the lowest trading fees globally. Additionally, Bybit can be used entirely in Turkish and provides live customer support in the language.
Can I Buy Crypto with Ziraat Bank?
Yes, you can purchase select cryptocurrencies with Ziraat Bank by utilizing a licensed digital asset exchange in Turkey. Ziraat Bank customers can convert their Turkish Lira directly for crypto assets like Ethereum by depositing TRY onto a trading platform and trading it for digital currencies. For a comprehensive crypto investment, it’s recommended to register with a regulated exchange in Turkey that abides by governmental regulations.
How to Buy Bitcoin and Crypto with Ziraat Bank
A dependable method to invest in cryptocurrencies via Ziraat Bank is by registering with a globally recognized cryptocurrency exchange like Bybit, distinguished for its security and variety of cryptocurrency selections. Bybit facilitates multiple TRY deposit options, including swift transfers through Ziraat Bank.
Here’s an easy guide for your reference:
- Navigate to the Bybit website and create a free account with your email address.
- Select the 'Buy Crypto' option from the navigation menu.
- Choose 'TRY' as your currency and select a payment method.
- Upon a successful deposit, head over to the trading section, utilize the search function to find and purchase your desired digital currency.
What are the Fees?
The expenses involved in purchasing Bitcoin and other cryptocurrencies through Ziraat Bank can fluctuate based on the cryptocurrency exchange you opt for. Crucial fees to be aware of include deposit charges, withdrawal fees, spread rates, and trading fees. We recommend Bybit as a cost-effective choice for Ziraat Bank clients, as it allows free TRY deposits and proposes competitive trading fees.
The primary cost when investing in cryptocurrencies on Bybit is the trading fee, generally below 0.1% per transaction. This makes it more economical than platforms like BTCTurk, known for their considerably steeper fees, often surpassing 1% per transaction.
Is Ziraat Bank Crypto-Friendly?
Ziraat Bank has demonstrated its adaptability to the evolving digital finance arena by enabling transactions with trading platforms that comply with the regulations set by the Banking Regulation and Supervision Agency (BRSA) in Turkey. This system permits Ziraat Bank clients to execute TRY transfers to platforms that comply with national standards established to combat financial malpractices such as fraud and money laundering.
To sum up, Ziraat Bank offers a direct and secure method for Turkish investors to acquire cryptocurrencies by allowing transfers to trusted digital asset exchanges. Bybit is the best platform for Ziraat Bank customers offering security, an extensive range of crypto, and competitively low fees. It provided instant and free TRY deposits and charges less than 0.1% as a trading fee.