BtcTurk (Btc Turk) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.0001 BTC
- Proprietary platform
- Variety of cryptocurrencies, convenient mobile application, small minimum deposit, low commissions
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.0001 BTC
- Proprietary platform
- Variety of cryptocurrencies, convenient mobile application, small minimum deposit, low commissions
Our Evaluation of BtcTurk
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BtcTurk is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.58 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BtcTurk clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The BTCTurk cryptocurrency exchange is among the largest exchanges in Turkey. It is widely known in Europe and other regions. The website has a convenient trading terminal and mobile trading. All the most popular cryptocurrencies are present. There are no restrictions on trading strategies and no minimum deposit. The exchange provides basic cryptocurrency trading guides for novice traders. It is characterized by a high protection level: data encryption, cold storage method to protect cryptocurrency, and two-factor authentication.
Brief Look at BtcTurk
The BTCTurk exchange is an international cryptocurrency trading platform. The trading here is fast and the margin uses a proprietary terminal based on the TradingView platform. The terminal is represented by a mobile application for iOS and Android in addition to the web and desktop iterations. Bitcoin, Litecoin, Ethereum, Ripple, Stellar, Cardano, Tron, and other popular cryptocurrencies are traded on the exchange. Only the Turkish lira (TRY) represents fiats since the exchange is Turkish. Nevertheless, residents of different countries actively cooperate with it, since the website offers a convenient terminal, low commissions, and large trading volumes. The BTCTurk cryptocurrency exchange doesn’t offer investment solutions, referral programs, or other options for passive earnings. It is exclusively focused on active traders.
- two trading modes – for novice and experienced traders;
- no deposit fees;
- low withdrawal fees;
- transparent cooperation, the cryptocurrency exchange is licensed;
- simple and functional mobile application;
- advanced terminal criteria with push notifications;
- high level of protection (97% of funds in cold wallets);
- variety of cryptocurrencies, there is an exchange with fiat funds;
- API for algorithm trading.
- the only fiat is the Turkish lira (TRY);
- there are no passive earning options.
TU Expert Advice
Financial expert and analyst at Traders Union
The BTCTurk cryptocurrency exchange was founded in 2013 and is headquartered in Istanbul. Initially, the website worked only with the Turkish market, but at the moment it provides services to residents of all countries without restrictions.
The exchange has its proprietary trading terminal. It is based on the standard TradingView model for the web but has some functional additions. For example, the software part for displaying charts and positions in the order book has been improved. There is a notification system with individual settings.
The mobile application duplicates the functionality equal to the web terminal. The tests showed stability under high load, with no bugs. It is so in some part because of the Bug Bounty program. The cryptocurrency exchange pays significant bonuses to users who find bugs and vulnerabilities in the system. There were no evidence of hacking of the site or disruption of its work.
The BTCTurk cryptocurrency exchange operates transparently following the financial laws of Turkey, the license is confirmed as No. 0332045014600001. Some users note a complicated verification system, but the exchange thus takes care of the safety and security of traders' data and funds. Therefore, this item cannot be attributed too much to a disadvantage.
All major cryptocurrencies are traded on the exchange. From fiat, there is Turkish lira with special rules for its exchange, deposit, and withdrawal. The website is not designed for investors and traders who are focused on passive income, as it doesn’t provide such opportunities.
BtcTurk Summary
| 💻 Trading platform: | Proprietary, based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 0.0001 BTC |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, TRY |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Variety of cryptocurrencies, convenient mobile application, small minimum deposit, low commissions |
| 🎁 Contests and bonuses: | Bug Bounty Vulnerability Search Bonus |
The BTCTurk cryptocurrency exchange has set a loyal minimum deposit limit. 0.0001 BTC is significantly less than with most websites. Please note that in addition to the terms for the minimum deposit, there is some limitation on the minimum transaction size. Regardless of the market, you cannot enter into a trade for less than 100 Turkish lira (or its equivalent in another asset). The exchange does not provide leverage. Technical support is available by email, and a ticket system is also integrated on the website and in the trading terminal.
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Commissions & Fees
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Up to 1,000,000 lira – 0.05/0.09% for maker/taker.
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1,000,000-5,000,000 – 0.04/0.08% for maker/taker.
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5,000,000-10,000,000 – 0.03/0.06% for maker/taker.
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10,000,000-50,000,000 – 0.02/0.05% for maker/taker.
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over 50,000,000 lira– 0.01/0.04% for maker/taker.
Please note that the amount of commissions and fees by levels is different for transactions involving the Turkish lira. The commission is higher for such transactions. For example, at the first trading level, it is not 0.05/0.09%, as for other markets, but 0.10/0.18%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.18% per application | Yes |
The website doesn’t charge a commission for depositing funds, but there are commissions for withdrawing some assets. There is no commission for withdrawing Bitcoin. Read more for other assets in the appropriate section of the website. In general, fees are low and fixed. For example, for USDT, the commission is $0.25, regardless of the withdrawal volume.
| Broker | Average commission | Level |
|---|---|---|
|
$0.18 | |
|
$20 | |
|
$0.1 |
Investment Options
BTCTurk cryptocurrency exchange doesn’t offer investment solutions. There are no options for passive earnings. Traders can only profit from buying and selling cryptocurrencies.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BTCTurk’s affiliate programs
The BTCTurk exchange doesn’t offer referral programs. You can invite other users to the site, but you will not get any bonuses and benefits for your efforts. In addition to the actual cryptocurrency trading, you can only make money on the Bug Bounty program.
The Bug Bounty program is designed to constantly improve the technical aspects of the site. Each user who finds some kind of vulnerability or error on the site, in the web terminal, or mobile application, can report this to the company through a special form. The amount of the bonus payment depends on the vulnerability level. The minimum bonus for a non-critical issue is $100.
User Satisfaction