When it comes to crypto exchange Turkey, a digital platform where users in Turkey buy, sell, or trade cryptocurrencies like Bitcoin and Ethereum. Also known as Turkish crypto trading platforms, it's become a tricky space since 2021, when the Central Bank of the Republic of Turkey banned direct crypto payments through banks. But trading itself? Still legal — just heavily restricted. You can still use exchanges, but you can't link your bank account directly anymore. That’s why most Turkish traders now rely on peer-to-peer (P2P) marketplaces, stablecoins like USDT, and international platforms that accept Turkish Lira deposits via third-party payment processors.
That’s where Binance Turkey, the most popular crypto exchange used by Turkish traders before local restrictions tightened. Also known as Binance TR, it was once the go-to for low fees and fast Lira deposits comes in. Even though Binance shut down its local fiat gateway in 2022, millions still use its global platform for P2P trading. Other platforms like Paribu, a Turkey-based exchange that still offers Lira deposits and withdrawals through local banks via indirect methods. Also known as Paribu Crypto, it remains one of the few local exchanges still operating under gray-area compliance and Koinim, a long-standing Turkish crypto exchange that adapted to regulations by focusing on crypto-to-crypto trading. Also known as Koinim TR, it’s popular for its simple interface and local customer support fill the gap. But here’s the catch: none of these are regulated by Turkey’s Capital Markets Board (CMB) as financial institutions. That means no deposit insurance, no legal recourse if things go wrong, and no protection from fraud.
So what’s the real risk? If you’re depositing Turkish Lira into a P2P trade, you’re trusting a stranger. If you’re holding crypto on a Turkish exchange, you’re risking a platform shutdown — and with it, your funds. That’s why smart traders in Turkey keep only what they’re actively trading on exchanges and move the rest to cold wallets. They use USDT as their main store of value, because it’s the only stablecoin that still moves freely across borders without triggering bank blocks. And they avoid any platform promising guaranteed returns — those are almost always scams targeting people desperate to beat inflation.
What you’ll find below are real reviews of exchanges Turkish traders actually use — not the ones they wish they could use. We cover platforms that still work in 2025, the hidden fees no one talks about, how to avoid getting locked out of your account, and which crypto assets hold up best under Turkey’s financial pressure. No fluff. No theory. Just what’s working on the ground — and what’s still a minefield.
Paritex is a beginner-friendly crypto exchange in Turkey with simple trading and bank wire deposits. Fees are average for trading but high for withdrawals. No card deposits, no staking, and unclear regulation make it a starter platform only.