6 BEST Turkish Cryptocurrency Exchanges (2025)
Eliza Thornton
Turkey’s cryptocurrency landscape is rapidly evolving, with exchanges playing a pivotal role in shaping its digital economy. The best Turkish cryptocurrency exchanges offer TRY support, low fees, and strong security, empowering freelancers, tech-savvy youth, and inflation-conscious investors. Businesses such as fintech startups, e-commerce platforms, and travel agencies increasingly accept crypto for cross-border payments and liquidity. But improper wallet selection can expose users to phishing, asset loss, or regulatory breaches, especially if wallets lack Turkish AML/KYC safeguards. Choosing regulated custodial services is essential for legal and financial protection. Using insecure or non-compliant wallets risks financial loss, legal complications, or even unintentional violations of national or religious standards, underscoring the need for secure, MASAK-compliant exchanges.
Hence, I have invested over 210 hours in figuring out the best Turkish crypto exchanges that promise safety and AML compliance. Please go through my in-depth review of these wallets to have a better idea. Read more…
Best Crypto Exchanges in Turkey: Top Picks!
| Wallet Name | Supported Cryptocurrencies | Wallet Type | Price | Learn More |
|---|---|---|---|---|
| Zengo | 380+, including BTC, ETH, etc. | Non-custodial | Lifetime Free | Learn More |
| Tangem | 16,000+, including ADA, BSC, etc. | Non-custodial Hardware Wallet | Starts at $49.41 | Learn More |
| Kraken | 200+, including BTC, SOL, etc. | Custodial and Non-custodial | Lifetime Free | Learn More |
| Bitfinex | 170+, including LTC, XRP, etc. | Custodial | Lifetime Free | Learn More |
| Binance | 350+, including BTC, BNB, etc. | Custodial and Non-custodial | Lifetime Free | Learn More |
1) Zengo
Zengo is a non-custodial crypto wallet offering advanced security through Multi-Party Computation (MPC), making it highly resistant to hacks and seed phrase theft. Ideal for both seasoned traders and beginners, it supports full asset recovery even if the service shuts down, using an escrow-backed process. Zengo is fully compliant with Turkey’s crypto laws (KYC, AML, and local licensing), thus enabling legal, secure trading.
I appreciate its 24/7 support, biometric withdrawal protection, NFT tools, and the Legacy Transfer (Pro) feature, which feels tailored to family-focused investors. Though not certified as Shariah-compliant, its transparent, custody-free structure resonates with Islamic finance values in Turkey’s evolving crypto landscape.
Features:
- Seamless Turkish Lira Integration: Zengo supports Turkish Lira transactions, enabling fast and straightforward deposits or withdrawals. This is perfect for traders in Istanbul or Ankara, making it easy to convert crypto to local currency and vice versa.
- In-App Crypto Purchase: Zengo lets users buy cryptocurrencies directly within the app, eliminating the need for third-party platforms. This integrated purchasing streamlines the process for Turkish users seeking a reliable exchange experience.
- Integrated Portfolio Tracker: The crypto app tracks portfolio performance in real-time, displaying holdings’ values in Turkish Lira. There is also an option that lets you set price alerts for your favorite assets, making it easy to seize market opportunities quickly.
- Crypto Swapping Within the App: Zengo provides instant crypto-to-crypto swaps. This eliminates the need to move funds to an external exchange, which I found incredibly convenient during volatile market swings.
- Recovery File Backup: Instead of a seed phrase, Zengo uses an encrypted recovery file stored on the user’s cloud, reducing anxiety over lost keys. I tested this during a phone switch and was able to restore access effortlessly, which sets it apart from other wallets.
Pros
Cons
Pricing:
Zengo offers two main plans:
- Essentials, which is free and covers basic wallet functions
- Pro, which costs $19.99–$29.99 per month, adds features like legacy transfer, enhanced security, and priority support
💡 Please note: Sending and receiving crypto is free, but buying or swapping incurs third-party fees from 1.99% to over 8%.
Free Wallet
2) Tangem
Tangem is a top crypto wallet in Turkey, valued for its MASAK-compliant security and alignment with Shariah principles of self-custody and Riba avoidance. Its EAL6+ certified chip keeps private keys fully offline, while backup cards and optional recovery phrases provide disaster-proof access.
Tangem doesn’t store Turkish Lira (TRY) directly, but users can seamlessly convert crypto to lira through regulated exchanges, ensuring compliance with Turkish law. Its easy setup, NFC convenience, open-source code, and backup-splitting appeal to Turkish investors seeking halal cold storage, MASAK-compliant traders, and crypto holders wanting maximum asset security.
Features:
- Ultra-Secure EAL6+ Certified Chip: Tangem uses an EAL6+ security chip, which is the same level found in biometric passports and banking cards. It ensures Turkish users’ assets remain protected against physical and digital attacks. While testing this in Istanbul, the card’s durability in different climates was truly impressive.
- Optional BIP39 Seed Phrase Support: For users who prefer traditional recovery, Tangem offers an option to generate or import a standard BIP39 seed phrase. This means you can migrate your wallet or integrate it with other crypto tools if needed, adding flexibility for advanced users.
- In-App Buy, Sell, and Swap Functionality: You can buy, sell, and swap cryptocurrencies directly within the Tangem app, integrating seamlessly with major Turkish exchanges. The tool lets you compare real-time rates, so you always get competitive pricing without leaving your wallet.
- Open-Source Mobile App for Transparency: The Tangem app is fully open-source and available on GitHub. I would recommend that Turkish developers review the code to gain confidence in security and suggest enhancements relevant to local needs. This level of transparency is rarely found among hardware wallets.
- Full Compliance with Latest Turkish Crypto Laws: Tangem aligns with new Turkish AML and crypto custody rules, enabling easy reporting for transactions above the 15,000 TRY threshold. As Turkish crypto usage grows, compliance becomes vital for personal and business users alike.
Pros
Cons
Pricing:
Tangem does not currently list a specific Turkish Lira (TRY) price or a dedicated Turkish distributor. Turkish users generally purchase Tangem wallets directly from the official website or international resellers, paying in USD or EUR. Please refer to the table below for Tangem Wallet’s latest pricing details:
| Wallet Type | Price |
|---|---|
| 2-Card | $49.41 |
| 3-Card | $62.91 |
| Family Pack | $125.82 |
| Tangem Ring (with 2 cards) | $144 |
💡 Please note: Local taxes, import duties, and currency conversion fees may apply when importing Tangem wallets into Turkey.
3) Kraken
Kraken is a secure cryptocurrency exchange tailored for Turkish traders, offering robust security features like cold storage, two-factor authentication, and regular audits. Kraken aligns fully with Turkey’s 2025 crypto regulations, including mandatory identity verification and AML/KYC procedures.
Popular among active traders, institutional investors, and inflation-conscious users, Kraken provides reliable liquidity, transparent fees, and seamless integration with Turkish financial standards. As an active user, I particularly appreciate Kraken’s Portfolio Insights feature, which effectively tracks asset performance in TRY, enhancing my trading experience.
Features:
- Advanced Security Protocols: Kraken uses bank-level encryption, two-factor authentication, and cold storage to keep Turkish users’ crypto assets safe. I suggest enabling the global settings lock for added account protection. This provides an extra layer against unauthorized changes, especially with the rising crypto adoption in Turkey.
- Deep Liquidity Across Major Pairs: It offers deep liquidity for popular cryptocurrencies, including major pairs like BTC/TRY and ETH/TRY. This ensures minimal slippage for Turkish traders. In cities like Istanbul and Ankara, this helps execute larger trades quickly, enhancing your trading experience.
- Recurring Buy Options: Kraken allows users to set up automatic, recurring purchases. I have used this to dollar-cost average into positions, which is a reliable strategy for long-term investors in Turkey facing currency fluctuations.
- Integrated Crypto Wallet: Users benefit from an integrated, secure wallet for managing digital assets. There is also an option that lets you generate wallet addresses for each asset, making it easy to organize and track your holdings for compliance purposes.
- Mobile App With Turkish Localization: Kraken’s mobile app supports the Turkish language and is tailored for ease of use on the go. In busy cities like Izmir, this means you can manage your trades and funds securely from your smartphone, no matter where you are.
Pros
Cons
Pricing:
Kraken Wallet is available free of cost with no charges for setup or basic wallet functions. Kraken does not support Turkish Lira (TRY) directly, so Turkish users must use supported currencies like USD or EUR. Spot trading fees start at 0.25% (maker) and 0.40% (taker), while instant buy fees range from 0.9% to 1.5%. Withdrawal fees vary by method, up to $35.
4) Bitfinex
Bitfinex TR is a licensed Turkish cryptocurrency exchange offering BTC/TRY and TRY/USDT trading pairs with zero TRY deposit fees and competitive maker/taker rates. Backed by Bitfinex’s global infrastructure, it provides access to 500+ tokens, deep liquidity, and high uptime. Security includes cold wallet vaults, multi-signature protocols, and full CASP/MASAK compliance.
Most Bitfinex users in Turkey are experienced traders and investors seeking stability and advanced tools amid volatile markets, using features like margin trading, P2P lending, and API integrations. Having used Bitfinex TR, I value its API key control with customizable scopes—ideal for secure, advanced trading. It strengthens Türkiye’s crypto space with reliability, regulatory clarity, and user-first tools.
Features:
- Turkish Lira (TRY) Deposits: Bitfinex Turkey allows direct, low-cost Turkish lira deposits via integration with Vakıfbank, making local funding seamless. Turkish users can transfer TRY from their bank accounts instantly, providing an advantage in fast-moving Turkish markets.
- Localized Platform and Support: The Bitfinex Turkiye platform is tailored for Turkish users, featuring Turkish language support and a dedicated web interface. This localization boosts accessibility for users in Ankara and beyond, addressing specific needs in Turkey’s vibrant crypto sector.
- Peer-to-Peer Lending and Staking: Bitfinex supports P2P crypto lending and staking for dozens of coins. Turkish users can passively earn yields, and I’ve personally found the staking interface user-friendly and quick to set up, with clear reward projections.
- Advanced KYC and Remote Verification: The exchange uses a multi-tiered KYC system that aligns with Turkish law, including remote identity checks for all transactions above regulatory thresholds. While using this feature, one thing I noticed is that the verification process is straightforward, but preparing your documents in advance will speed things up.
- Rich Asset Selection: Over 170 cryptocurrencies and 400+ trading pairs are available, including major Turkish lira pairs. This diversity allows Turkish traders to diversify their portfolios and access global crypto markets directly from Turkey.
Pros
Cons
Pricing:
Bitfinex Turkey charges spot trading fees starting at 0.1% for makers and 0.2% for takers, with lower rates for higher volumes or LEO token holders; crypto deposits are free, while fiat (TRY) deposits and withdrawals via bank transfer incur a 0.1% fee, minimum $60.
Link: https://www.bitfinex.com/
5) Binance
Binance TR is Turkey’s leading cryptocurrency exchange, providing TRY integration, 350+ cryptocurrencies, and 200+ trading pairs. With robust security including ISO certifications, offline cold storage, and 2FA, assets remain protected. Compliance with Turkish regulations, including the 2024 Capital Markets Law and AML/KYC standards, ensures legality.
Binance TR offers free TRY deposits/withdrawals, ultra-low fees (0.1%-0.15%), Turkish customer support, and the unique “Binance Transfer” for seamless cross-platform wallet transfers. Having personally explored Binance TR, I strongly recommend its automatic investment and accumulation features: ideal for traders, investors, and beginners aiming for reliable, secure crypto growth in Turkey.
Features:
- Automatic Investment Plans: Binance TR features an Auto-Invest option, letting users automate crypto purchases on a recurring schedule—daily, weekly, or monthly. I suggest exploring this tool if you want to benefit from dollar-cost averaging, especially during volatile Turkish market conditions.
- Seamless Turkish Lira Integration: You can deposit and withdraw TRY instantly and with zero fees across seven major Turkish banks. For Turkish users, this means effortless access to crypto markets, whether you’re a first-timer or a pro trader in Turkey’s dynamic crypto scene.
- Robust Security Standards: Binance TR holds ISO 27001 and ISO 27701 certifications for information security and privacy. The platform combines global best practices with local compliance, offering peace of mind for those seeking the highest protection for Turkish currency assets.
- Staking and Flexible Savings: Users can grow their assets by staking over 180 coins with both flexible and locked options, offering attractive APRs up to 20%. There is also an option that lets you choose flexible staking, giving you the ability to withdraw rewards anytime for liquidity.
- OTC and P2P Trading: For large-volume or direct person-to-person trades, Binance TR provides both OTC and P2P platforms. I would recommend using the P2P marketplace for buying and selling crypto with TRY directly from fellow Turkish users, often at competitive rates.
Pros
Cons
Pricing:
Binance TR uses a 5-tier fee structure for TRY-crypto pairs, with maker fees ranging from 0.1% (Bronze) down to 0.02% (Diamond) based on 30-day trading volume; crypto-crypto pairs start at 0.1% maker/taker fees, decreasing with higher VIP levels. Deposits are free; withdrawal fees vary by asset.
6) Bybit
Bybit is a cryptocurrency exchange and wallet platform known in Turkey for strong security, compliance, and ease of use. Bybit Turkey is officially licensed by Turkey’s Capital Markets Board (CMB). This approval allows users to buy and sell crypto directly with Turkish Lira (TL), creating a seamless gateway for Turkish traders. Each transaction adheres to the latest legal framework.
It protects user assets with multi-factor authentication, cold storage, encryption, and multi-signature wallet support, requiring multiple approvals per transaction. I find its user-friendly interface, advanced trading tools, and real-time transaction monitoring especially beneficial amid the Turkish Lira’s volatility and regulatory scrutiny, making it ideal for active traders seeking secure asset management.
Features:
- Local Bank Integrations: Bybit TR is partnered with Ziraat Bank and Vakıfbank, allowing instant TL deposits and withdrawals. This bridges conventional banking with crypto rapidly. The system supports high liquidity and quick settlement, ideal for Istanbul‑based traders monitoring the lira’s exchange fluctuations.
- One-Click Buy via Turkish Lira: New users can purchase top coins with a single click using TL, without manual conversions. This cuts friction and simplifies onboarding for beginners from Ankara to İzmir.
- Global-Leading Matching Engine: Bybit’s engine processes up to 100,000 transactions per second per contract. This ensures minimal slippage and rapid order execution. I observed smooth performance even during high volatility in Bitcoin markets.
- USDC-Denominated Contracts: Traders can use USDC for margin and settlement on perpetual and futures contracts up to 50x leverage. It provides crypto-native hedging without converting to fiat.
- Triple-Layer Asset Security: User funds are kept in cold storage plus multi-sig, TEE, and TSS systems. Regular Proof of Reserves audits add transparency. I once saw a suspicious login flagged and halted before any damage.
Pros
Cons
Pricing:
Bybit Turkey does not charge deposit fees, but third-party fees may apply for fiat deposits. The trading fees start at 0.1% for both makers and takers on spot trading, with reductions available through VIP tiers based on trading volume and asset balance. Perpetual and futures contracts have a base maker fee of 0.02% and a taker fee of 0.055%.
Comparison between the best Crypto Wallets in Turkey
| Wallet | Zengo | Tangem | Kraken | Bitfinex |
|---|---|---|---|---|
| Staking / Earn products | ✔️ | ✔️ | ✔️ | ✔️ |
| Turkish Lira Support | ✔️ | ✔️ | ✔️ | ✔️ |
| Low spot fees ≤ 0.15 % (base tier) | ✔️ | ✔️ | ✔️ | ✔️ |
| 24/7 TL deposits & withdrawals via FAST/EFT/Papara | ✔️ | ❌ | ❌ | ✔️ |
| Turkish Language support | ✔️ | ✔️ | ✔️ | ✔️ |
How Does Automated TRY Deposits on Crypto Exchanges Benefit Turkish Crypto Traders?
Automated TRY deposits make it fast and easy for Turkish crypto traders to fund their exchange accounts. This streamlines the process, allowing instant access to trading opportunities without waiting for manual approvals.
Many leading exchanges now offer zero-fee or low-fee automated TRY deposits, helping users avoid extra costs and maximize their trading capital. This is especially valuable for active traders seeking efficiency and cost savings.
Additionally, automated deposits increase convenience and security. Funds are credited quickly, and exchanges often provide strong customer support and robust asset protection, giving traders more confidence and peace of mind.
What are the New Crypto Regulations in Turkey?
Under Turkey’s 2024 Crypto Law, the Capital Markets Board (CMB) now regulates all crypto platforms, enforcing strict licensing, capital, and compliance standards.
Crypto Asset Service Providers (CASPs) must insure the user assets, uphold KYC/AML practices, and ensure founders have clean legal records.
MASAK enforces the Travel Rule for transactions above TRY 15,000 to combat financial crimes. These measures align Turkey with FATF standards.
From a Şer’iyat perspective, crypto is broadly acceptable if free from fraud or gharar, offering reassurance to observant Muslim investors. Regulatory clarity aims to protect users and boost market integrity.
Do I have to pay taxes on crypto gains in Turkey?
You do not need to pay taxes on your crypto gains in Turkey. The government has decided to exempt profits from cryptocurrencies from taxation, though limited transactional taxes may be introduced. However, businesses and frequent traders may still need to report earnings.
What Final Checklist Should You Run Before Picking Your Crypt Exchange in Turkey?
Before committing to a crypto exchange in Turkey, run through this comprehensive checklist to ensure regulatory compliance, security, and long-term usability:
- Verify CMB license and MASAK registration
- Confirm cold wallet custody, Proof-of-Reserves
- Compare fees, spreads, and liquidity on TRY/USDT
- Check FAST/EFT support and tax report exports
- Test the app UX and Turkish support
- Review delisting risks, decision matrix, and data export options
FAQs
Verdict
After diving deep into the Turkish crypto landscape, I discovered three standout exchanges that truly balanced security, accessibility, and user experience. Here’s my final verdict on the best options I tested:
- Zengo: I appreciated Zengo’s keyless wallet design and biometric protection. It handled multi-asset storage effortlessly and felt especially secure for Turkish users new to crypto.
- Tangem: Tangem impressed me with its tap-and-go hardware wallet. No batteries, no fuss. I found it reliable for long-term cold storage with top-tier offline safety.
- Kraken: Kraken offered me unmatched liquidity, strong compliance, and Turkish lira support. It is a solid choice for serious traders who want depth and institutional-level peace of mind.
