↑ What Is Cryptocurrency and How to Buy It a section from the guide
How to Buy Bitcoin? Step-by-Step Türkiye Guide
Buying Bitcoin in Türkiye is technically simple; but not skipping the security steps matters in the long run.
1. Choosing a Reliable Exchange
For buying Bitcoin with TRY in Türkiye, BtcTurk, Paribu and Binance TR are common options. What to look at when choosing an exchange: trading volume (liquidity), regulatory compliance, commission rate, security history (any past hack/issue), customer service.
2. Opening an Account and KYC
After registering with email + phone, identity verification (KYC) is mandatory. ID photo, selfie and address verification (a bill) are normal steps. You cannot deposit TRY until KYC is complete.
3. Depositing TRY
TRY is deposited via EFT, FAST or card. Card usually carries an extra commission; FAST is instant and free. After depositing, your TRY balance appears.
4. Buying Bitcoin
Place a "Buy" order on the BTC/TRY pair in the spot market. A market order buys instantly at the market price; a limit order triggers if the price you set is reached. The trading commission (0.1–0.3%) is deducted.
5. Secure Storage
A small amount (≤ 500–1,000 USD) can stay on the exchange. For more, withdrawing to your own wallet (a hardware wallet is recommended) is advised. Keep 2FA enabled at all times.
Frequently Asked Questions
- What is the minimum Bitcoin I can buy?
- It varies by exchange; on most exchanges even 10–50 TRY is enough (you can buy fractional BTC).
- Is keeping money on the exchange safe?
- Acceptable for the short term; for the long term your own wallet is recommended.