Ever since Bitcoin was introduced over a decade ago, the digital currency has substantially grown in value, dominating the crypto market as the world’s most valuable decentralized currency. Buying BTC in Turkey doesn’t have to be challenging if you use the best exchanges in the country. After a prolonged price fall over the previous year, Bitcin climbed to new heights in 2024, selling for over $60,000 as of July. Bitcoin uses a distributed ledger known as blockchain to track all transactions across the network. Over 350 million people invest in BTC globally. The introduction of Bitcoin ETFs contributed to its growing popularity and acceptance as a secure payment method. Unfortunately, the crypto industry is not well-regulated, so it’s crucial to consider a few factors when buying the decentralized digital currency.
3 Ways to Buy Bitcoin in Turkey
Do you intend to purchase BTC in Turkey this year? Don’t worry. From dedicated exchanges to in-app purchase crypto-enabled applications, there are numerous options that can simplify your transaction. Here are three ways to buy Bitcoin in Turkey.
- Crypto Exchanges
One easy way to buy Bitcoin in Turkey is to use a crypto exchange. Online crypto exchanges such as Binance, Kraken, and Coinbase provide dozens of payment options for investors looking to purchase Bitcoins in Turkey. Although these platforms may vary regarding fees and consumer protection, due diligence can help you pick the right exchange. Popular physical crypto cash out points, such as the Nakitcoins buy Bitcoin Turkey shop, are convenient for Turkish users who want to buy Bitcoins securely with cash. The on-site crypto exchange charges lower fees compared to online alternatives, and it’s an attractive option for those who want to buy Bitcoins in a secure and safe environment.
- Bitcoin ATM
Using a Bitcoin ATM is another alternative option to invest in Bitcoins in Turkey. However, it’s worth noting that these devices charge higher fees than you would incur elsewhere. Commissions can be as high as seven percent per transaction at BTC ATMs, with some operators stretching fees into the teens. A Bitcoin ATM may or may not support buying and selling Bitcoins with credit and debit cards. Once you have a wallet, you can use the CoinATM Radar website to search for a nearby Bitcoin ATM to complete your transaction.
- Trading Apps
Trading apps enable users to invest in Bitcoin ETFs. You can purchase a few Bitcoins with no direct commission by leveraging popular trading apps such as Webull and Robinhood, although you may end up compensating for it with a spread markup.
Robinhood does not charge commission, but it does charge a spread markup without revealing the exact cost. You can buy BTC directly and assess a range of other altcoins, which is a feature that some brokers don’t offer. Apart from enabling BTC transactions, trading apps also help users invest in stocks.
If you foresee a great future for Bitcoins, perhaps you may want to use the above means to invest in the valuable crypto and hold it for the long haul. Security is the biggest concern for bitcoin investors. Using the NakitCoins physical exchange is safe, convenient , and cost-effective.