BtcTurk vs PaxFul: Fees, Coins, Safety Comparison
Feature | BtcTurk | PaxFul |
---|---|---|
Overall |
2.8 |
4.1 |
1 |
3.9 |
|
2.6 |
4.5 |
|
3.6 |
3.2 |
|
Investment Instruments |
1 |
4.1 |
Platforms and Charting Tools |
3.5 |
3.4 |
Deposit and Withdrawal |
3.3 |
5.0 |
Research |
3.9 |
2.5 |
Education |
3.4 |
5.0 |
Support |
3.3 |
3.9 |
Bonuses |
2.4 |
2.0 |
Your capital is at risk.
|
BtcTurk vs PaxFul: 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 Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
BtcTurk | PaxFul | |
---|---|---|
Overall Pros | two trading modes – for novice and experienced traders; | Low P2P fees |
no deposit fees; | The platform is fully localized and translated into 21 languages | |
low withdrawal fees; | Hundreds payment methods, from bank transfers to e-wallets; | |
transparent cooperation, the cryptocurrency exchange is licensed; | Over 12 thousand reliable sellers and buyers | |
advanced terminal criteria with push notifications; | Free Bitcoin wallet with BitGo is enabled; | |
high level of protection (97% of funds in cold wallets); | Pafull pay for business | |
variety of cryptocurrencies, there is an exchange with fiat funds; | You change Bitcoin for any services and goods | |
API for algorithm trading. | ||
Overall Cons | the only fiat is the Turkish lira (TRY); | Limited number of suported coins - only ETH, BTC, USDT |
there are no passive earning options. | Limited analytics and educatioin |
BtcTurk vs PaxFul: Safety and Regulation
Regulated By: | BtcTurk | PaxFul |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
BtcTurk vs PaxFul: Trading Conditions
Trading Conditions | BtcTurk | PaxFul |
---|---|---|
Minimum Deposit |
0.0001 BTC |
$1 |
Trading Platforms |
TradingView |
Paxful |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
100+ |
100+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Bank cards and accounts, electronic and cryptocurrency wallets |
BTC, USDT, ETH, 100+ fiat currencies for exchange |
BtcTurk vs PaxFul: Fees
Trading Fees
Fee | BtcTurk | PaxFul |
---|---|---|
Max Maker |
0.10% |
1% for sellers, 0% for buyers |
Max Taker |
0.18% |
1% for sellers, 0% for buyers |
Min Maker |
0.10% |
1% for sellers, 0% for buyers |
Min Taker |
0.18% |
1% for sellers, 0% for buyers |
Debit/Credit Card Purchase Fee |
Not supported |
1% for sellers, 0% for buyers |
Futures Trading fees
Fee | BtcTurk | PaxFul |
---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
Fee | BtcTurk | PaxFul |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
Debit/Credit Card Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
BTC Withdrawal Fee |
0.0005 BTC |
0.0004 for sending BTC, 0 for recieving BTC |
Inactivity Fee |
No |
No |
BtcTurk vs PaxFul: Trading Assets
Asset Name | BtcTurk | PaxFul |
---|---|---|
Overall |
100+ |
3 coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
No |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
No |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
BtcTurk or PaxFul: Investment Programs
Asset Name | BtcTurk | PaxFul |
---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Paxful earn |
Trading Platforms: PaxFul or BtcTurk
BtcTurk | PaxFul | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: PaxFul or BtcTurk
BtcTurk | PaxFul | |
---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: PaxFul or BtcTurk
BtcTurk | PaxFul | |
---|---|---|
Indicators |
Yes |
not supported |
Drawing tools |
Yes |
not supported |
Historical Trades |
Yes |
not supported |
Live 2 Quotes |
Yes |
not supported |
Mobile trading: PaxFul or BtcTurk
BtcTurk | PaxFul | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: PaxFul or BtcTurk
BtcTurk | PaxFul | |
---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
BtcTurk vs PaxFul: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | BtcTurk | PaxFul |
---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
BtcTurk vs PaxFul: Research
Research Type | BtcTurk | PaxFul |
---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
BtcTurk vs PaxFul: Education
Education Type | BtcTurk | PaxFul |
---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
PaxFul vs BtcTurk: Support
Support Features | BtcTurk | PaxFul |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Ticket |
No |
BtcTurk vs PaxFul: Crypto Bonuses and Promo
Promo | BtcTurk | PaxFul |
---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
No |
Up to 50% of refferall trading fees |
Your capital is at risk.
|
Top 5 Reviews on PaxFul
-
Comment
My experience with Paxful has been negative, marred by unreliable customer support, security concerns, and high fees. The lack of protection for users' assets is unacceptable and undermines trust in the platform as a safe and reliable marketplace for buying and selling cryptocurrencies. As a client, I cannot in good conscience recommend Paxful to others, and I would advise anyone considering using the platform to proceed with caution and explore alternative options that offer a more reliable and user-friendly experience.
-
Comment
I opened a mini account in this scam, worked out a strategy and what a blessing that I first decided to test the withdrawal technology before opening a normal trading account. Now I put everything that was there on the withdrawal, namely $ 500! They can't even return the money!
-
Comment
Initially, I did not plan to trade on Paxful for a long time, it was interesting to try and compare the conditions with my then exchange. I registered, quickly passed the verification (so that, if anything, quickly withdraw the deposit) and replenished the account. There is no demo, but it is not needed with such and such minimum requirements: just a dollar is enough to deposit. On the plus side, there are many ways to replenish. But the base currency here is XBT, and I had to get confused. In terms of trade - an average option. I would not say that Paxful is very different from its competitors. There are really no analytics, and trading here is mainly due to three cryptocurrencies. Three! I won’t say that Paxful is a bad exchange, but I didn’t find anything interesting here for myself.
-
Comment
I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.
-
Comment
Paxful simply does not fail you. I registered on this exchanger following a recommendation from a friend. To be honest, I wouldn't have noticed it myself. It does not appear in the leaders, the trade turnover is quite modest. Well, it is understandable, only three cryptocurrencies were listed - bitcoin, ethereum and tezer. When I started working with this P2P platform, I realized why it was being praised. There is a really large pool of buyers and sellers here (according to rumors, the services of this crypto exchange are used by about 12 thousand people). At first, I traded on Paxful and on other platforms at the same time, but now I completely abandoned them.
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.