Probably, you’ve heard that Turkey is a center of crypto investment. Also, you might have heard that many investors are making a fortune out of and intend to venture into this investment. Cryptocurrency investment starts with buying a cryptocurrency of your choice such as Bitcoin, Ethereum, Ripple, USDT, or Monero, among others.
So, how to buy cryptocurrency in Turkey? If this is your concern, then we will guide you on how to go about it.
Preparation for How to Buy Cryptocurrency in Turkey
Before buying crypto in Turkey, you need a crypto wallet. This software will be used to hold your digital assets when you start buying. The important thing to know is that there are online or hot wallets and offline or cold wallets. You can choose either depending on the convenience you want.
If you check all the guidelines on how to buy cryptocurrency in Turkey, you will notice that cash is often used. So, you need a popular fiat currency like US dollars or euros in a bank account or in cash depending on how you want to buy your crypto.
Choosing the Right Exchange Platform
How do you buy cryptocurrency in Turkey? The magic happens through various cryptocurrency exchanges. As a newbie, here are the best options for you.
- Physical cryptocurrency exchanges – Turkey has reliable cryptocurrency exchange offices. They have personnel to guide you on how to buy cryptocurrency in Turkey for the first time. All you need to bring is your crypto wallet details and money to buy your favorite digital asset. These platforms are popular because of their convenience, security, and affordability.
- Bitcoin ATMs – If you prefer self-service options, you can buy your crypto using a Bitcoin ATM. There are many of them in Turkey, and you can use a map to locate one. They have clear instructions on how to buy cryptocurrency in Turkey. Do not forget to bring your digital wallet details and money to buy cryptocurrency.
- CEX platforms – Turkey has numerous centralized exchanges managed by popular global and local trading companies. They are accessible via the web or mobile platforms. They require you to create an account to buy cryptocurrency. Just follow the instructions because they are clear on how to buy cryptocurrency in Turkey.
- DEX platforms – If you prefer the affordability and flexibility of P2P trading, then consider buying crypto via decentralized exchanges. They connect many crypto buyers and sellers so that you can choose which seller to buy cryptocurrency from.
How to Buy Cryptocurrency in Turkey
Regardless of the platform you prefer, the process of buying cryptocurrency in Turkey or any other place is mostly the same. For the first time, you need to have the cash ready in the form of an accepted currency. It can be hard cash, particularly when using physical cryptocurrency exchanges, or you can have it in a bank account.
There is a lot of information on how to buy cryptocurrency in Turkey. However, you should know how to use the provided tools to learn the exchange rates, the commission, and any other costs. Once you have bought the crypto, make sure it is reflected in your digital wallet.
With the information above, you now know how to buy cryptocurrency in Turkey for the first time. As time goes on, you will learn the best option for you and stick to it. Most importantly, ensure that you follow the right steps and remain cautious because crypto trading can involve risks.