BitTurk Review – Suitable Only For Turkish Traders

One of the first details you notice about this exchange is its availability only in Turkish. Given the number of Turkish people in Turkey and Europe overall, it’s not surprising they narrowed their services.

However, that limits all other users. Logically, you always have other options, either better or worse. But what sets this company apart, and should you trust it with your crypto? Find out in our unbiased BitTurk review.

Legal Info: Is BitTurk Legit?

BitTurk is a centralized crypto exchange based in Istanbul, Turkiye. The ownership of this crypto platform belongs to BITTURK BİLİŞİM VE TİCARET A.Ş., founded in 2017. One of the names that stands out in founder details is Emin Budak.

One of the potential downsides of this exchange is a lack of regulatory oversight. Currently, Turkey has just filed a proposal for crypto regulation. Therefore, the company should obtain licenses from regulations in the countries where they operate. Sadly, BitTurk company hasn’t revealed any.

Who Are BitTurk’s Clients?

Based on a few BitTurk reviews, it’s clear the company’s features are only available to Turkish-speaking users. Surprisingly, not even the English version of the platform is available. Anyway, their services appear to be advertised mainly in: 

• Turkiye
• United States
• Germany

On the positive side, you can find numerous other options in those countries. However, if you don’t know which ones to avoid, we recommend you check our Ekzeo and SMM Limited reviews.

Trading Costs With BitTurk Exchange

As can be seen, trading commissions solely depend on a 30-day trading volume. It’s a very common way to motivate traders to exchange more cryptos. However, in return, you won’t get many benefits, to be fair. 

Anyway, the company has a fully transparent list of commissions for every crypto. Most of those sit around 0.10% for the maker and 0.15% for a taker. You can expect lower fees once your BitTurk crypto account reaches a 30-day trading volume of 63,000 units.

         Bonuses

Overall, crypto exchanges offer bonuses when promoting ICOs and proprietary tokens. With this crypto exchange, you can expect such offers regularly, especially when referring the company to other users. Yet, amounts and specific conditions are not transparently disclosed.

BitTurk Trading Features

Besides the well-rated BitTurk app, traders can also enjoy API features, cold storage security, and strict authorization methods. If you are looking for copy trading or social trading options, however, you’ll have to look elsewhere.

         Trading Platforms Available

Similar to many other exchanges, the account can be accessed via an app or directly from a browser. Of course, you’ll have to comply with the 2FA authorization feature to get started. 

The platform is quite simplified, offering quick buying and selling of crypto assets, even with Turkish Liras. Yet, analytical options are quite poor compared to other top-tier exchanges.

         Available Trading Assets

Quite surprisingly, the company only offers a bit over 60 cryptocurrencies. These are the most popular ones, so it’s clear anyone can find suitable investment options. Anyway, some of the options are: 

• Tron
• Mina
• Helium
• Venus
• Ellipsis and others.

         Account Types

BitTurk crypto exchange offers three different membership levels. Each level gives users more freedom to manage funds. However, it might also be a way to put a bit of pressure on those willing to trade. 

Sadly, subscription fees are only available after you complete the login process. After this, some traders might wonder if BitTurk is legit. Anyway, the only benefit of a subscription plan is a higher deposit and withdrawal limit.

         Mobile Trading App

If you check the company’s presentation, you will find that they advertise both iOS and Android apps. However, it appears that the PlayStore app has been removed since the link doesn’t work anymore. On the other hand, the iOS app works smoothly so far and has quite solid ratings.

         Demo Account

With quite simplified features, there’s literally no need for a demo account. If you are into testing out features, you’ll have to trade with real money.

         Education

Trading education makes a huge difference in determining if you’ll be profitable or not. This is especially true in a highly volatile crypto environment. Sadly, with BitTurk company, you don’t have educational treatment.

BitTurk Withdrawal

The BitTurk withdrawal process should be quite simple. You just have to keep in mind the transparent withdrawal fees they have presented. For instance, 35 USDT in the ERC20 network, 10 DOGE,  0.0005 BTC, and 0.00625 ETH to name a few.

Also, bear in mind that your withdrawal limits come with different subscription plans.

Customer Support

When it comes to customer support, it appears to be quite poor. With only a chatbot and ticket form available, you’ll experience a hard time reaching out for solutions. Not to mention that traders reported support being available only in Turkish language. All in all, it is not the best option for the average crypto investor.

Key Information To Consider About BitTurk

Even though the BitTurk fees and features look attractive, traders must remember a few details. There is missing regulatory oversight in Germany, and it has no public presence. Therefore, it’s hard to determine if funds are safe there at all.

Anyway, we recommend you be careful. However, if any potential issues occur, you can always reach out to our experts for a refund consultation. After all, the first meeting is completely free.

FAQ Section

What is BitTurk?

BitTurk is a Turkish-based centralized and custodial crypto exchange established in Istanbul in 2017.

Is BitTurk Legit?

BitTurk exchange appeaars to be legit. Thus, without any reviews available and without licenses, there’s no guarantee you won’t have issues.

Who Owns BitTurk Exchange?

BitTurk exchange is owned by BITTURK BİLİŞİM VE TİCARET A.Ş. If you experience any irregularities with this firm, contact our chargeback team for consultation.