BtcTurk vs Binance: Fees, Coins, Safety Comparison
| Feature | BtcTurk | Binance |
|---|---|---|
Overall |
2.8 |
4.8 |
1 |
4.5 |
|
2.6 |
4.8 |
|
3.6 |
5.0 |
|
Investment Instruments |
1 |
4.7 |
Platforms and Charting Tools |
3.5 |
4.9 |
Deposit and Withdrawal |
3.3 |
4.7 |
Research |
3.9 |
4.6 |
Education |
3.4 |
4.8 |
Support |
3.3 |
4.8 |
Bonuses |
2.4 |
4.2 |
|
Your capital is at risk.
|
BtcTurk vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| BtcTurk | Binance | |
|---|---|---|
| Overall Pros | two trading modes – for novice and experienced traders; | Trading With Leverage up to 1:100 |
| no deposit fees; | Low Trading and Non-Trading Fees | |
| low withdrawal fees; | 10+ Account Fiat Currencies + 50 Crypto | |
| transparent cooperation, the cryptocurrency exchange is licensed; | Derivatives, NFT, ETF are Available | |
| advanced terminal criteria with push notifications; | Indicators are Available | |
| high level of protection (97% of funds in cold wallets); | Passive Income With Staking and Mining Pool | |
| variety of cryptocurrencies, there is an exchange with fiat funds; | Strong Research | |
| API for algorithm trading. | ||
| Overall Cons | the only fiat is the Turkish lira (TRY); | No tier-1 regulation |
| there are no passive earning options. |
BtcTurk vs Binance: Safety and Regulation
| Regulated By: | BtcTurk | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
BtcTurk vs Binance: Trading Conditions
| Trading Conditions | BtcTurk | Binance |
|---|---|---|
Minimum Deposit |
0.0001 BTC |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
100+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Bank cards and accounts, electronic and cryptocurrency wallets |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
BtcTurk vs Binance: Fees
Trading Fees
| Fee | BtcTurk | Binance |
|---|---|---|
Max Maker |
0.10% |
0.1% |
Max Taker |
0.18% |
0.1% |
Min Maker |
0.10% |
0.012% |
Min Taker |
0.18% |
0.024% |
Debit/Credit Card Purchase Fee |
Not supported |
0.01 |
Futures Trading fees
| Fee | BtcTurk | Binance |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.04% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
| Fee | BtcTurk | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
BtcTurk vs Binance: Trading Assets
| Asset Name | BtcTurk | Binance |
|---|---|---|
Overall |
100+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
BtcTurk or Binance: Investment Programs
| Asset Name | BtcTurk | Binance |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Binance or BtcTurk
| BtcTurk | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or BtcTurk
| BtcTurk | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or BtcTurk
| BtcTurk | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or BtcTurk
| BtcTurk | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or BtcTurk
| BtcTurk | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
BtcTurk vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BtcTurk | Binance |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
BtcTurk vs Binance: Research
| Research Type | BtcTurk | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
BtcTurk vs Binance: Education
| Education Type | BtcTurk | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs BtcTurk: Support
| Support Features | BtcTurk | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
Telegram |
BtcTurk vs Binance: Crypto Bonuses and Promo
| Promo | BtcTurk | Binance |
|---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
No |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on BtcTurk
-
Comment
The conditions in BtcTurk are bad, and even interfere with trading, I traded here more than a year ago, and when it came time to withdraw money, I couldn’t even withdraw the deposit!!! I can't take it out for a year now..........!!! One day I decided that there was no point in waiting.
-
Comment
Worked with BtcTurk a few years ago. They "play" against the client. And it’s true that they don’t let you earn money. I know what will happen next, with those who are now trading with them. Disappointment and regret. They will definitely deprive you of money, do not even hesitate.
-
Comment
After the scandal with the bankruptcy of the Turkish Thodex exchange, as well as the tightening of Turkish legislation regarding cryptocurrencies, the interest in all Turkish exchanges of citizens of other countries has fallen. But amid these scandals, the rating of other crypto exchanges registered in Turkey has risen. One of them is the BtcTurk trading platform. The trading volumes here are less than they were on the Thodex exchange, but still pretty substantial. Also, the recently increased liquidity of the Turkish lira has increased trading volumes. The BtcTurk platform offers good conditions for traders from other countries. Although all the same, the target audience is still the citizens of Turkey. Accounts can only be opened in TRY, BTC, or USDT. You can trade other cryptocurrencies as well, but there are not many of them. The terminal is ordinary, with price charts, quotes, and trading history. If it were not for a good opportunity to speculate on the Turkish Lira exchange rate, and its low commissions, the BtcTurk exchange would not stand out in any way. Taking into account the advantages, profitable trading is quite real here.
-
Comment
The BtcTurk exchange has many opportunities for trading. But a very small listing of crypto coins, no more than 10-15, and just one fiat. These are significant disadvantages. However, there are also enough pluses, such as acceptable commissions, and the commissions are small. Also, crediting and withdrawals are carried out without commissions. Opening an account in a Turkish bank is problematic for me, so I am considering payments through a crypto wallet. There are limits for the deposit and withdrawal of cryptocurrency, but they are quite acceptable for me. There is no leverage for trading on the BtcTurk exchange, this should be taken into account when registering.
-
Comment
After the scam of the Thodex exchange, I stopped trusting Turkish crypto exchanges. But the problem is that I have already opened an account with BtcTurk. And BtcTurk is far from perfect. When I registered, I accepted the documents without any problems. I brought 0.5 BTC to the exchange and decided to trade. So they blocked my access and demanded to show a Turkish document. But I'm not a resident of Turkey. Now, I'm afraid that BtcTurk will not return the money to me.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
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.