Paritex Crypto Exchange Review: Fees, Security, and Is It Good for Beginners?
David Wallace 22 November 2025 5

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Important: Paritex withdrawal fees are 52% higher than industry average. If you withdraw frequently, these fees can significantly impact your profits.

If you're new to cryptocurrency and living in Turkey, you've probably heard of Paritex. It’s one of the few local exchanges that lets you buy crypto with Turkish Lira. But is it actually safe? Are the fees fair? And does it do enough to help beginners without overwhelming them? Let’s cut through the marketing and look at what Paritex really offers in 2025.

What Is Paritex, Really?

Paritex launched in March 2019 and is based in Turkey. Unlike global giants like Binance or Coinbase, it doesn’t try to be everything to everyone. It’s built for people who are just starting out - someone who wants to buy their first Bitcoin without dealing with complex charts or margin trading. That’s its whole reason for existing.

It’s a centralized exchange, meaning Paritex holds your crypto for you. That’s fine for beginners, but it also means you don’t control your private keys. If you want to move your Bitcoin to a hardware wallet later, you can. But the platform itself is designed to keep things simple, not to give you full control.

Fees: Low Trading, High Withdrawals

Paritex charges a flat 0.15% fee for both buying and selling crypto - whether you’re placing a limit order or instantly buying at market price. That’s in line with what most mid-sized exchanges charge today. For comparison, Binance charges as low as 0.1% for users who pay with BNB, and Coinbase charges 0.5% or more for card purchases. So on trading, Paritex is competitive.

But here’s where it gets messy: withdrawal fees. If you want to pull out Bitcoin, you’ll pay 0.0007 BTC per transaction. That’s about 52% higher than the industry average of 0.0004599 BTC. Why does this matter? If you’re buying small amounts regularly - say, 0.01 BTC every week - those withdrawal fees add up fast. You could end up paying more in fees than you made on your trade.

Other coins have similar issues. Ethereum withdrawals cost 0.015 ETH, which is also above average. If you plan to move crypto off Paritex often, you’ll want to factor this into your strategy. Maybe batch your withdrawals. Or keep a small balance on the exchange for quick trades.

Security: Cold Storage and Encryption, But What Else?

Paritex claims to store 95% of user funds in cold storage. That’s good. Most reputable exchanges do the same. Cold storage means your crypto is kept offline, away from hackers. That’s the gold standard.

They also use encryption for login data and account info. That’s standard. But what about two-factor authentication (2FA)? The website mentions security measures, but doesn’t clearly state whether 2FA is mandatory or even optional. That’s a red flag. If you’re new to crypto, you might not even know to ask. But 2FA is non-negotiable. Without it, your account is vulnerable to phishing or SIM-swapping attacks.

There’s no public record of independent security audits. Paritex says they conduct regular audits, but they don’t publish reports. Binance, Kraken, and Coinbase all release audit summaries. Paritex doesn’t. That doesn’t mean they’re unsafe - but it does mean you’re trusting them on their word alone.

The mobile app is described as secure, which is helpful. But again, no details on whether it supports biometric login, device binding, or session timeouts. For a beginner, these features matter. If you lose your phone, you don’t want someone else logging in with a simple password.

Split scene comparing high Paritex withdrawal fees to lower fees on Binance Turkey.

Fiat Deposits: Only Bank Transfers

Here’s one of the biggest limitations: you can only deposit Turkish Lira via bank wire transfer. No credit cards. No PayPal. No instant payment options. That means if you want to buy crypto, you have to wait 1-3 business days for the transfer to clear.

Compare that to exchanges like Bitpanda or Binance Turkey, which offer instant card deposits. For someone who wants to jump on a price surge, waiting days isn’t practical. It also makes Paritex feel outdated compared to modern platforms.

If you’re in Turkey and your bank supports SEPA or local transfers, this might not be a dealbreaker. But if you’re used to buying crypto with a tap on your phone, Paritex will feel slow and clunky.

Trading Features: Simple, But Too Simple

Paritex offers spot trading only. No futures. No leverage. No staking. No margin. No limit orders beyond basic buy/sell. That’s intentional. They’re not trying to compete with professional traders. They’re trying to help someone who’s never traded before.

The interface is clean. Charts are basic. You pick a coin, enter an amount, click buy. That’s it. No confusing tabs. No 10 different order types. For a first-time buyer, that’s actually a plus.

But if you ever want to do more - like set a price alert, use a stop-loss, or automate purchases - you’re out of luck. Paritex doesn’t support those tools. That means once you grow beyond buying Bitcoin once a month, you’ll need to move to another platform.

A user handing a hardware wallet to 'Future You' while leaving behind the simple Paritex platform.

Who Is Paritex For?

Paritex isn’t for everyone. It’s not for traders. It’s not for investors looking to stake or earn interest. It’s not for people who want instant deposits.

It’s for one specific group: Turkish residents who are new to crypto and want a simple, local way to buy their first Bitcoin or Ethereum with Turkish Lira. If that’s you, Paritex works.

If you’re someone who wants to trade frequently, move crypto quickly, or use advanced tools - skip it. You’ll outgrow it in weeks.

How Does It Compare?

Here’s a quick snapshot against two other options for Turkish users:

Paritex vs. Binance Turkey vs. Bitpanda Turkey
Feature Paritex Binance Turkey Bitpanda Turkey
Trading Fees 0.15% 0.1% (lower with BNB) 0.1%-0.2%
Fiat Deposit Methods Bank wire only Bank transfer + card Card + bank transfer
Withdrawal Fees (BTC) 0.0007 BTC 0.0005 BTC 0.0004 BTC
2FA Required Not confirmed Yes Yes
Advanced Trading No Yes Yes
Mobile App Yes Yes Yes
Regulatory Status Unconfirmed Licensed by BTK Licensed in EU
Binance Turkey is clearly the stronger option for most people. It’s faster, cheaper, and more secure. Bitpanda is better if you want card deposits and EU compliance. Paritex only wins on one thing: being the simplest.

The Bottom Line

Paritex is a decent starter exchange - if you’re in Turkey and you’re just beginning. It’s not flashy. It’s not the cheapest. It’s not the most secure by industry standards. But it does one thing well: it removes the fear factor from buying crypto for the first time.

If you’re comfortable with bank transfers, don’t mind waiting days to deposit, and only plan to buy small amounts occasionally, Paritex is fine.

But if you want speed, lower fees, or room to grow - go with Binance Turkey or Bitpanda. They’re more reliable, more secure, and more future-proof.

Don’t stay on Paritex forever. Use it to get your feet wet, then move on.

Is Paritex safe to use?

Paritex uses cold storage for 95% of user funds and encryption for account data, which are good practices. But it doesn’t publicly share audit reports or confirm whether two-factor authentication (2FA) is required. Without clear proof of security measures like 2FA or real-time monitoring, you’re relying on their word. For beginners, it’s acceptable - but not ideal for long-term storage or large amounts.

Can I deposit with a credit card on Paritex?

No. Paritex only accepts Turkish Lira deposits via bank wire transfer. There are no credit card, debit card, or instant payment options. This makes it slower than competitors like Binance Turkey or Bitpanda, which offer card deposits for immediate purchases.

What are Paritex’s trading fees?

Paritex charges a flat 0.15% fee for both buying and selling crypto, whether you’re a maker or taker. This is competitive with current industry standards, which range from 0.10% to 0.15%. However, withdrawal fees for Bitcoin (0.0007 BTC) are significantly higher than the global average, making frequent withdrawals costly.

Does Paritex offer staking or earning interest?

No. Paritex only offers spot trading. There’s no staking, yield farming, savings accounts, or any way to earn interest on your crypto holdings. If you want to grow your crypto passively, you’ll need to move to another platform.

Is Paritex regulated in Turkey?

Paritex operates in Turkey and follows local AML/KYC rules, but it does not publicly disclose any official license or regulatory status. Unlike Binance Turkey, which is licensed by the Turkish Telecommunication Authority (BTK), Paritex’s legal standing is unclear. This lack of transparency is a risk factor for users prioritizing regulatory compliance.

Should I use Paritex if I’m new to crypto?

If you’re in Turkey and want a simple, local platform to buy your first Bitcoin or Ethereum with Turkish Lira, Paritex is a reasonable starting point. Its clean interface and focus on beginners make it easy to use. But don’t stay there long. Once you’re comfortable, move to Binance Turkey or Bitpanda for faster deposits, lower fees, and more features.