Binance TR Cryptocurrency Exchange Review : Pros & Cons

About Binance TR

Binance TR launched in September 2020, Binance TR is a digital asset marketplace, powered by matching engine and wallet technologies licensed from the cryptocurrency exchange, Binance. Operated by BN Teknoloji based in İstanbul, Turkey, Binance TR aims to provide a fast, secure and reliable platform to buy and sell cryptocurrencies in Turkey. It supports TRY fiat pairs. The platform runs on licensed technologies and mechanisms from the Binance exchange under local laws and compliance with anti-money laundering requirements.

Binance TR is supported by the core feature set of Binance. It offers the Turkish community industry-leading technology, spot trading liquidity, robust matching mechanisms, and modern security facilities, allowing users to buy and sell digital currencies with their local currency.

Information Table

How To Register At Binance TR Exchange ?

To register on Binance TR, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Binance TR Cryptocurrency Account ?

There is no mandatory verification at Binance TR, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of FREE. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Binance TR, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Binance TR Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Binance TR Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Binance TR Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Fees

A transaction fee of 0.1% is applied for Trading transactions. 18% VAT is included in this commission rate and no additional fee is applied. The fee for withdrawing Turkish Lira by EFT or Wire Transfer is 3 TRY (free of charge within the campaign until the end of 2021), and depositing Turkish Lira is free of charge. Cryptocurrency deposit and withdrawal fees may vary depending on the state of the network. You can find up-to- date information here .

Features Of Binance TR Crypto Exchange

Available At Android & IOS Store

Binance TR Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Turkish Traders

Supports trading in Turkish Lira (TRY), making it a convenient option for Turkish traders.

Cryptocurrencies

Wide range of cryptocurrencies available for trading, including popular and niche assets.

New Traders

User-friendly interface, making it easy for both experienced and new traders.

Convenient Trading

Mobile app available for convenient trading on-the-go.

Low trading fees

Low trading fees, offering competitive pricing for users.

Supports

Supports multiple deposit and withdrawal options, including bank transfer and credit/debit card.

Secure wallet storage

Strict security measures in place, including two-factor authentication and secure wallet storage.

Dedicated customer

Dedicated customer support, providing prompt and effective assistance for users.

Leverage

Offers margin trading, allowing users to trade with leverage.

Analysis Tools

Provides up-to-date market information and analysis tools to assist in making informed trading decisions.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Binance TR Conclusion

Binance TR is a subsidiary of Binance, one of the largest and most popular cryptocurrency exchanges in the world. With a user-friendly interface, mobile app, and support for Turkish Lira (TRY), Binance TR offers a convenient and accessible option for Turkish traders looking to buy, sell, and trade cryptocurrencies. Binance TR also offers a wide range of cryptocurrencies, including popular and niche assets, with low trading fees and a variety of deposit and withdrawal options.

Additionally, Binance TR has strict security measures in place, including two-factor authentication and secure wallet storage, to protect user assets. Overall, Binance TR offers a solid option for Turkish traders seeking a reliable, secure, and low-cost platform for cryptocurrency trading. However, as with all cryptocurrency exchanges, it’s important to carefully review.