Binance TR is a version of the Binance centralized cryptocurrency exchange (CEX) for customers from Turkey. It offers spot market trading, deposits and withdrawals, and direct crypto purchases. The Binance TR cryptocurrency exchange is KYC-compliant. It’s available on desktop and mobile devices.
Markets
The Binance TR crypto exchange offers similar services to the global platform, as well as its other local iterations. Trades are conducted using a matching engine. Additionally, the native token, BNB, can grant discounts on Binance TR exchange fees. Other available discounts can be gained via the Referral program.
The Binance TR spot trading supports three key markets:
The Turkish lira is the only fiat currency supported on the platform. All Binance TR crypto prices are listed in TRY. The primary customer base is based in Turkey. Derivatives trading is unavailable. Due to financial regulations, there are fewer Binance TR trading pairs available compared to the international platform or Binance.US.
The Binance TR crypto fees differ for TRY-crypto pairs and crypto-crypto pairs. All rates follow the maker-taker model. The TRY-crypto pairs use a multi-tier grade system:
- Bronze
- Silver
- Gold
- Platinum
- Diamond
The TRY pair grade is determined by the 30-day Binance TR trade volume. The Bronze tier requires a volume of up to 1 million TRY. The maker-taker fees are 0.1% each. However, the rate can be discounted to 0.0675% with the BNB and Referral bonuses.
Maker fees are reduced gradually. The taker fee rate is fixed at 0.1% at all tiers. At the Silver tier, the required Binance TR volume is between 1 million and 5 million TRY. The maker fee is 0.09%. Once the gold tier (5-10 million TRY in volume) is reached, the maker fee is 0.08% and goes down to 0.04% and 0.02% at Platinum and Diamond, respectively.
The crypto-crypto pairs on the Binance TR crypto exchange use a multi-tier VIP fee system. Similar to the TRY-crypto pairs, customers can receive discounted fee rates if they hold BNB tokens or participate in the Referral program.
The VIP program consists of 10 levels, going from VIP 0 to VIP 9. The 30-day Binance TR volume is calculated using Bitcoin (BTC). In VIP levels 0–3, the taker fee rate is 0.1% and gradually decreases in the remaining levels.
At VIP 0, the required trade volume is up to 50 BTC, and the maker-taker fee is the same – 0.1% each. With the additional discounts, it can be reduced to 0.0675%.
The VIP 4 tier requires a trading volume of at least 4,500 BTC. The maker-taker fees are 0.07% and 0.09%, respectively. At VIP 9, the trade volume exceeds 150,000 BTC, and the required fees are 0.02% for makers and 0.04% for takers.
All deposits and withdrawals of TRY are free. Users can also withdraw between Binance.com and Binance TR without extra charges. Due to network congestion, the Binance TR crypto price of other withdrawals may be affected.
Deposits on other crypto assets are free from any Binance TR exchange fees. The withdrawal fee is asset-specific. All rates are flexible and may be periodically adjusted.
About the Company
Binance Global was co-founded by Changpeng “CZ” Zhao and Yi He in 2017. The Turkish platform was established three years later, in 2020, to provide support for trading crypto with the Turkish lira. It’s operated by BN Teknoloji A.S. The Binance TR headquarters are in Istanbul.
The Binance TR cryptocurrency exchange was the sixth local platform launched by Binance. Turkey was chosen as a market for expansion due to its high crypto adoption rate. According to data from 2019, around 16% of Turkish citizens either purchased or used cryptocurrencies and other digital assets.
In 2022, the first 24/7 customer support center in Turkey was opened. Several months later, following an increase of deceptive billboards using the company name, the Binance TR crypto exchange issued an official warning and threatened legal action.
