Paribu Cryptocurrency Exchange Review : Pros & Cons

About Paribu

Based in Istanbul-Turkey, Paribu is one of the leading cryptocurrency trading platforms with almost 5 million users. Paribu started its operations in February 2017 and now, the exchange has support for more than 60 cryptocurrencies. The users can deposit and withdraw Turkish Lira through any of the seven banks that Paribu has integrated with. Paribu offers Turkish Lira pairs as well as USDT pairs. Along with support for the domestic fiat currency, Paribu also provides 24/7 customer support for its users.

Information Table

How To Register At Paribu Exchange?

To register on Paribu, 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 Paribu Cryptocurrency Account ?

There is no mandatory verification at Paribu, 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 Paribu, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Paribu 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 Paribu 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 Paribu 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

The information displayed on the order table can change instantly. For this reason, the evaluation of orders as market maker or buyer may occur differently from what is displayed on the interface. Commission rates are determined according to the trading volume of the last 30 days. Daily volume calculation is made automatically by the system at 00:00 every day.

Deposit and Withdrawal Fees

• All crypto money deposits and TL deposits via banks are “free” in Paribu.
• The block network transfer costs of cryptocurrencies with a “free” withdrawal fee are covered by Paribu. No fee is charged to users for the transfer of cryptocurrencies, the transfer price of which is stated as “free”.
• Prices listed include VAT.
• All crypto money deposits and TL deposits via banks are “free” in Paribu.
• The block network transfer costs of cryptocurrencies with a “free” withdrawal fee are covered by Paribu. No fee is charged to users for the transfer of cryptocurrencies, the transfer price of which is stated as “free”.

Features Of Paribu Crypto Exchange

Available At Android & IOS Store

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

User-friendly interface

Paribu offers a simple and easy-to-use interface that makes it easy for beginners and advanced traders to navigate and trade.

High liquidity

Paribu has high liquidity, which means that users can quickly and easily buy or sell cryptocurrencies without experiencing significant price fluctuations.

Security

Paribu takes security seriously and offers 2-factor authentication (2FA), cold storage, and other measures to ensure that users’ funds and personal information are safe.

Competitive fees

Paribu charges relatively low fees compared to other cryptocurrency exchanges.

Trading pairs

Paribu offers a range of trading pairs, including Turkish lira pairs and several popular cryptocurrencies.

Mobile app

Paribu offers a mobile app for both iOS and Android devices, which allows users to trade on-the-go.

Customer support

Paribu provides 24/7 customer support via email and live chat.

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.

Paribu Conclusion

Paribu is a cryptocurrency exchange that is popular in Turkey and offers users a user-friendly platform with competitive trading fees and high liquidity. The platform has a range of trading pairs, including Turkish lira pairs and several popular cryptocurrencies, and offers a mobile app for both iOS and Android devices. Paribu has a high level of security and compliance, including 2FA, cold storage, and regulatory compliance, and provides 24/7 customer support via email and live chat.