Turkey

Regulatory Policy
Loose
GDP (USD)
101.89B
Population
83.16 M
Exchange Registration
53
Exchange Business
195
Exchange Field Survey
0

Trading environment analysis

At the present time, Turkey cryptocurrency regulation is nonexistent. Lawmakers have not seen fit to restrict or regulate the trading of these digital currencies within the nation. In fact, it seems they may be interested in issuing their own digital currency even. They've drafted paperwork for what they call "Turkcoin", and if it goes ahead then they would be one of the first country's to have an official cryptocurrency.

This coin would tokenize asset-backed securities, which they claim will offer investors reduced risk when compared to traditional cryptocurrencies like BTC or ETH. These assets would include stock in Turkish companies.

While there has been some discussion on increasing regulations on Bitcoin and other cryptocurrencies within the country to reduce or eliminate the ability for Bitcoin to be used for crime, so far there are no details on this concept. While the climate for cryptocurrencies is currently favorable, investors should be wary.

It's entirely possible that a country with its own cryptocurrency could try to ban its citizens from using any outside coins or tokens which they do not control. However, at the present time that seems unlikely, and the nation's officials seem more interested in generating tax revenues from Bitcoin than banning it. This trend is likely to continue into the near future, and investors can likely expect good things here.

Exchange
Score
Established
Influence
Details
1
coinbase
9.16
10-15 years
A
2
BINANCE
8.77
5-10 years
AAA
3
GMO
8.72
5-10 years
AA
4
GEMINI
8.70
5-10 years
AA
5
Bitstamp
8.64
10-15 years
AA
6
BINANCE US
8.59
2-5 years
AAA
7
UPbit
8.57
5-10 years
AAA
8
COINLIST
8.26
5-10 years
A
9
HTX
8.13
10-15 years
B
10
bitkub
8.12
5-10 years
A
11
BITPOINT
8.07
5-10 years
B
12
PAXOS
7.97
10-15 years
A
13
bitpanda
7.62
5-10 years
AA
14
LUNO
7.52
5-10 years
A
15
wirex
7.49
5-10 years
A
16
CoinZoom
7.48
5-10 years
A
17
Bitget
7.40
5-10 years
AAA
18
DIGIFINEX
7.24
5-10 years
C
19
ZeroHash
7.14
2-5 years
C
20
uphold
6.78
5-10 years
AA
koinim
Details

A Visit to the Cryptocurrency Exchange Koinim in Turkey - Finding No Office

The survey team went to Istanbul, Turkey to visit the cryptocurrency exchange Koinim, and found no business premise of the exchange, which means the given business address was fake. Please be prudent if trading with this exchange.
Danger
Turkey
Dec 10, 2021
BtcTurk
Details

A Visit to the Cryptocurrency Exchange BTC TURK in Turkey - Office Confirmed Existed

The survey team went to Istanbul, Turkey to visit the cryptocurrency exchange BTC TURK, and found the exchange’s physical business premise at the public business address. However, the survey team failed to enter the office for a visit, so the exact business scale and operation status of the exchange remained unknown. Please be prudent when trading with this exchange.
Good
Turkey
Dec 10, 2021
bitay
Details

A Visit to the Cryptocurrency Exchange Bitay in Turkey -- Office Confirmed Existed

The investigators went to Istanbul, Turkey to visit the cryptocurrency exchange Bitay as planned. The office of the exchange can be found on its publicly displayed address, that is to say, the cryptocurrency exchange Bitay has a real business venue. Nevertheless, the investigators could not enter the office of the exchange, so its specific office scale and operational status remain unknown. Invest
Good
Turkey
Dec 9, 2021
Bitospher
Details

A Visit to the Cryptocurrency Exchange Bitospher in Turkey - Finding No Office

The survey team went to Istanbul, Turkey to visit the cryptocurrency exchange Bitospher, and found no business premise of the exchange, which means the given business address was fake. Please be prudent if trading with this exchange.
Danger
Turkey
Dec 9, 2021
Bithesap
Details

A Visit to the Cryptocurrency Exchange Bithesap in Turkey -- Office Confirmed Existed

The investigators went to Istanbul, Turkey to visit the cryptocurrency exchange Bithesap as planned. The office of the exchange can be found on its publicly displayed address, that is to say, the cryptocurrency exchange Bithesap has a real business venue. Nevertheless, the investigators could not enter the office of the exchange, so its specific office scale and operational status remain unknown.
Good
Turkey
Dec 9, 2021