Bitci TR Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange is a digital platform that allows anyone to purchase, sell, and trade cryptocurrencies. It functions as an online marketplace where users may trade one form of cryptocurrency for another or convert cryptocurrencies into traditional fiat currencies such as US dollars, Euros, and others. Individuals and investors can use these exchanges to easily access the world of cryptocurrency and participate in the global crypto economy.

Exchanges provide a variety of trading pairs, which are combinations of cryptocurrencies that can be exchanged against one another. BTC/ETH, for example, indicates the trading pair in which Bitcoin (BTC) can be exchanged for Ethereum (ETH).

Orders of various categories can be placed by users. Market orders are executed at the current market price, whereas limit orders are placed at a predetermined price and execute only when the market hits that price.

The ease with which an item can be bought or sold without producing major price swings is referred to as liquidity. High liquidity is desirable since it typically results in narrower bid-ask spreads (the gap between purchasing and selling prices) and more stable prices.

What Is Bitci TR Crypto Exchange ?

Bitci TR is a centralized exchange based in Turkey. Bitci TR claims to serve more than 5 million registered users and allows Turkish Lira deposits and withdrawals through its integration with seven Turkish banks – this service is available 24 hours a day, seven days a week. Bitci TR currently offers Turkish Lira and USDT pairs.

Bitci TR Crypto Exchange Quick Facts

How To Register At Bitci TR Exchange?

To register on Bitci 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.

Bitci TR Exchange Supported Countries

Bitci TR Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Bitci TR.

How To Verify Your Bitci TR Cryptocurrency Account ?

There is no mandatory verification at Bitci 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 Bitci TR, Revolut platforms.

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

There are two main options for topping up your balance on Bitci TR. 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 Bitci 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 Bitci TR Account ?

There are several steps you can take to help secure your Bitci TR account and protect your funds:

1. Use Strong Passwords: Make a password that is unique and strong, using a combination of upper and lower case letters, numbers, and special characters. Avoid using information that is easily guessed, such as birthdays or common terms.
2. Enable Two-Factor Authentication (2FA): Most exchanges allow 2FA, which provides an additional degree of security by forcing you to submit a second piece of information (often a code from an authentication app) in addition to your password.
3. Use a Secure Email: Make sure the email address associated with your Bitci TR account is secure. Use a strong password and two-factor authentication (2FA) for your email as well. Email access is frequently used to reset account passwords.
4. Phishing: Be wary of phishing emails or websites that attempt to fool you into disclosing your account credentials. Before entering your login information, always double-check the URL and confirm the integrity of the website.
5. Secure Device: Only use devices you trust to access your Bitci TR account. Check that your antivirus and anti-malware software is up to date on your computer or smartphone.
6. Maintain Software Updates: Update your device’s operating system, browser, and any other software you use to access your Bitci TR account on a regular basis. This aids in the patching of security flaws.
7. By taking these steps, you can help protect your Bitci TR account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Standart Commission Rates

Market Maker: 0.25%

Market Taker: 0.35%

VIP Commission Rates

“Taker” is an order that trades at a market price, “Maker” is an order that trades at a limited price.

VIP trade volume levels are measured on the basis of the spot trading volume and Bitci balance.

18% VAT is included in the commission rates!

Billing information will be sent to your email address every Friday.

Trade On Go Bitci TR Is 100% Mobile Friendly

It’s fantastic to learn that Go Bitci TR is completely mobile friendly for trading. In today’s fast-paced world, where customers want to access their trading accounts and conduct transactions on the go using their smartphones or tablets, a mobile-friendly platform is necessary. This accessibility enables traders to stay informed and make real-time judgments regardless of their location.

Mobile-friendly trading systems often include intuitive user interfaces, simple navigation, and responsive design to ensure a consistent experience across many screen sizes. This is useful for both newbie and expert traders who wish to monitor their investments and make fast choices without being tethered to a desktop computer.

How To Contact Bitci TR Customer Support Team?

If you need help with your Bitci TR account or have any questions, you can contact Bitci TR customer support through the following methods:

Website Contact Page: Navigate to the Bitci TR official website and seek for a “Contact” or “Support” page. On this page, many businesses include a contact form or an email address. Fill out the required information and describe your concern or issue in full.

Email: Check to see whether they have an email address for customer service inquiries. You can send an email to the specified email address detailing your problem or query. Look for an email about customer service or general queries.

Phone Number: Some businesses also include a phone number for customer service. Check the website for any phone numbers designated for customer service or queries. If you’re calling them from outside Turkey, keep in mind that international dialing codes may apply.

Social Media: Look for any customer support contact information on their official social media pages (such as Twitter, Facebook, Instagram, and LinkedIn). Some businesses offer assistance via social media channels.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Bitci TR customer support can assist you efficiently.

Features Of Bitci TR Crypto Exchange

Available At Android & IOS Store

Bitci 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.

Convenient Payment Methods

Bitci TR accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

Trading Pairs:

Bitci TR supports a wide range of trading pairs, including BTC, ETH, USDT, USDC, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

Low Trading Fees:

Bitci TR charges low trading fees of just 0.03% for market makers and for market takers. This makes it one of the most affordable exchanges on the market.

Staking:

Bitci TR offers users the ability to stake their cryptocurrencies and earn rewards. This is a great way to earn passive income on your crypto holdings.

Security:

Bitci TR takes security very seriously and employs various measures to ensure the safety of user funds. These include two-factor authentication (2FA), cold storage of funds, and regular security audits.

User-Friendly Interface:

Bitci TR has a user-friendly interface that is easy to navigate, making it ideal for both beginner and advanced traders.

Trading Tools:

Bitci TR provides users with a range of trading tools, including advanced charting, technical indicators, and order types. This allows traders to make informed trading decisions.

Bitci TR Good Or Bad Points

Bitci TR is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Bitci TR:

Good points:

1. Innovation : Bitci TR may have positive potential if it is affiliated with a new and groundbreaking technology, platform, or idea in the cryptocurrency or blockchain area.
2. Transparency: Trustworthy projects prioritize transparency in their operations, development, and communications.
3. Strong Team : A competent and experienced staff with a track record of success can boost a project’s credibility.
4. Use Case : Bitci TR may have value and possible acceptance if it tackles a real-world problem or provides a realistic use case for its technology.
5. Community and Adoption: A positive momentum can be indicated by a supportive and active community, as well as increased adoption of the project’s technology.

Bad points:

1. Lack of Information: If there is little or no information available about Bitci TR, potential investors or users might be concerned.
2. Unrealistic Promises: Projects that make extravagant claims or promises without clear plans or evidence to support them may be questionable.
3. Anonymity of Project Team Members: The anonymity of project team members might create questions regarding accountability and legitimacy.
4. Failure to Comply with Regulations: If the project works in a legal gray area or fails to comply with relevant regulations, it may face legal and financial concerns in the future.
5. Inadequate Security Measures: In the bitcoin and blockchain industry, security is critical. If Bitci TR lacks sufficient security measures or has a history of security breaches, users may be at danger.

Is Bitci TR Is Safe Platform To Trade ?

Check to see if the platform is regulated by a respected financial institution. Consumer protection can be provided by regulatory control. Examine the platform’s security features, including two-factor authentication (2FA), cold storage for cash, and encryption techniques. A secure platform is required to safeguard your valuables.

Look for internet reviews and feedback from other users. This might provide you with information about other traders’ experiences and if the platform has a positive or negative reputation. The platform’s fees, trading processes, and terms of service should all be made clear. Hidden costs or ambiguous practices can raise a red flag.

Customer service is critical. By contacting them with any queries you may have, you can assess their responsiveness and desire to assist. A user-friendly interface can improve the trading experience and lower the danger of making mistakes due to misunderstanding.

In summary, Bitci TR has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Bitci TR Conclusion

Bitci TR is a centralized cryptocurrency exchange that was founded in Turkey in 2018. The exchange has over 5 million registered customers and allows users to deposit and withdraw Turkish Lira through partnerships with seven major Turkish banks that operate around the clock. Trading pairings involving Turkish Lira and USDT (Tether) are presently available on Bitci TR.

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