BtcTurk Pro is a centralized exchange that has been operating since 2013 and has its headquarters in Istanbul, Turkey. It claims that it is the first exchange of its type in Turkey as well as the fourth Bitcoin and altcoin trading platform in the whole globe.
BtcTurk Pro crypto exchange claims that it has more than 4 million registered customers and is integrated with seven Turkish banks, which enables it to process deposits and withdrawals in Turkish Lira. This service is offered round the clock, seven days a week.
As of writing, BtcTurk supports trading in the following currencies: BTC, Turkish Lira, and USDT. Those who have subscribed to the BtcTurk Pro service are able to engage in trades with Turkish customers, benefit from reduced exchange costs, and withdraw Bitcoin free of charge.
The BtcTurk trade volume is highly fluctuating owing to the trading in the markets. Users can signup or log in using the BtcTurk Pro mobile application.
Markets
BtcTurk Pro cryptocurrency exchange facilitates both crypto-crypto and crypto-fiat trading with fiat currency being Lira (TRY) only. At the time of writing, there are 72 coins and 168 BtcTurk trading pairs available on the exchange.
There are many markets on the BtcTurk Pro spot exchange. Some of these are as follows:
- DOGE/TRY
- SOL/TRY
- LUNC/TRY
- RNDR/TRY
- UMA/TRY
BtcTurk crypto exchange does not charge a commission for the process of depositing funds. However, there are commissions associated with the withdrawal of certain assets. Bitcoin withdrawals are not subject to any fees or commissions.
The BtcTurk Pro exchange fees are categorized into 5 different grades based on 30 Day trade volume. The crypto/crypto fees for makers range from 0.01% to 0.05%, while for takers they range from 0.04% to 0.09%. The crypto/TRY fees, on the other hand, for makers range from 0.01% to 0.1%, and for takers – from 0.08% to 0.18%.
About the Company
When it opened for business in July 2013, BtcTurk became the first cryptocurrency trading venue in Turkey.
According to Emre Kenci, who serves as the Chief Technology Officer of the BtcTurk cryptocurrency exchange, the company's staff began working on the platform in January 2013, after seeing the enormous potential that Bitcoin had.
Thee goal of this platform was to simplify the process of exchanging Lira for various cryptocurrencies for the benefit of their clientele. However, not long after it was introduced to the public, on August 19, 2016, BtcTurk made the announcement that it would be closing its corporate bank accounts.
This was a direct result of the decision made by the regulatory authorities in Turkey to not provide a license due to worries over the dependability of Bitcoin. On August 22 of that year, the exchange began the process of restoring the money of its customers.
However, not long after that, BtcTurk opened once again and began providing its customers with the opportunity to trade Turkish Lira against BTC, ETH, XRP, USDT, LTC, XLM, and XRP. This occurred not long after the first introduction.
The main drawback of using BtcTurk is that it does not take deposits through PayPal, cash, or credit cards. It only accepts wire transfers using fiat currency. Other than that, its capabilities have been developed rather successfully.
Ozgur Guneri, BTCTurk's Chief Executive Officer, has worked in the financial industry since the year 2000. His tenure with Finansbank Group was from 2000 to 2013, during which time he held the positions of Vice General Manager, Chief Investment Officer, General Manager, and Board Member.
He oversaw operations for a pioneering investment vehicle focused on stocks in Turkey and other emerging European markets.
In addition to his current position, he serves as CEO of BtcTrader, a company that creates tools for trading cryptocurrencies and blockchain-based systems. Besides, he earned his Master of Business Administration degree from the London School of Economics and Political Science.
