BtcTurk Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of BtcTurk trading signals. You will learn what kinds of trading signals BtcTurk offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | Cryptocurrencies, currencies |
| 🚀 Minimum deposit: | 0.0001 BTC |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, TRY |
| 💹 Margin Call / Stop Out: | No |
BtcTurk Pros and Cons
👍 Advantages of trading with BtcTurk:
•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.
👎 Disadvantages of BtcTurk:
•the only fiat is the Turkish lira (TRY);
•there are no passive earning options.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
BtcTurk Trading Signals
The BTCTurk cryptocurrency exchange commission system is similar to the systems used by most other cryptocurrency exchanges. The amount of the commission depends on the user's trading volume within the last 30 days. There are five levels:
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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 | Spread (minimum value) | Withdrawal commission |
| Standard | 0.18% per application | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that BtcTurk does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.