Economy
Crypto Exchanges in Turkey: Leading Choices Unveiled for the Year 2023
Diving into the world of cryptocurrencies in Turkey? With the tight regulations and recent concerns like the Thodex scam, it’s natural to feel a bit overwhelmed. Ensuring your investments are safe is crucial. That’s why Traders Union (TU) has taken the lead, meticulously examining the top crypto platforms in the country. This article provides you with the results – a detailed review of the best crypto exchanges in Turkey has to offer.
Top picks: Turkey’s leading crypto exchanges in 2023
Searching for the best place to trade cryptocurrencies in Turkey? TU’s analysts have got you covered! Here’s a quick list of top exchanges to consider:
- Bybit – great for affordable trades.
- OKX – offers a wide range of tradable assets.
- Binance – is known for excellent liquidity.
- KuCoin – perfect for those into futures and margin trading.
- Huobi Global – a top choice for Bitcoin and Ethereum fans.
- Bitexen – the standout local crypto exchange.
- Bitget – the go-to for derivatives trading in Turkey.
Each platform has its strengths, so choose one that fits your needs the best!
Choosing the right crypto exchange in Turkey
If you’re in Turkey and want to dive into the world of cryptocurrencies, picking the right exchange can make all the difference. Traders Union experts suggest keeping these key points in mind:
- Safety first: look for platforms with strong security features like two-factor authentication and cold storage.
- Ease of use: a simple, user-friendly interface can save you a lot of hassle.
- Cost matters: compare transaction fees to make sure you’re getting a fair deal.
- Reputation counts: listen to what other users are saying and check the exchange’s track record.
- Variety of coins: make sure the exchange supports the cryptocurrencies you’re interested in.
- Perks for Turks: some platforms offer special features tailored for Turkish clients, like support in the Turkish language or lira deposits.
Take your time, do your research, and you’ll find an exchange that suits your needs!
Buying crypto in Turkey made easy
TU’s experts break buying crypto down into a few easy steps:
- Pick a regulated exchange – go for exchanges that follow Turkey’s Banking Regulation and Supervision Agency rules.
- Set up your account – register with your email, set a secure password, and get verified by providing the needed documents.
- Add funds – load up your account using Turkish Lira with options like bank transfers or credit cards.
- Buy your crypto – choose your favorite digital currency, decide how much you want, and confirm your purchase.
- Safety first – transfer your new crypto assets to a secure wallet.
With these steps, you’ll be on your way to owning cryptocurrencies in Turkey in no time!
Is now the time to buy bitcoin in Turkey?
Diving into the Bitcoin world in Turkey? Traders Union analysts weigh in with the main points to consider:
Reasons to buy:
- Hedge against inflation: with many currencies losing value, Bitcoin can be a safety net.
- Digital gold: trusted by savvy investors, Bitcoin has proven to be a solid wealth store.
- Impressive growth: historically, Bitcoin has offered great returns, outshining even top stock markets.
Caution points:
- Rollercoaster prices: bitcoin prices can soar or plummet without warning. It’s unpredictable.
- Lack of regulation: without government oversight, investing in crypto comes with its uncertainties.
In a nutshell, while Bitcoin presents promising growth, it’s essential to tread with caution given its unpredictable nature.
Conclusion
In conclusion, entering the cryptocurrency world in Turkey surely sounds exciting, but it’s important to move with caution. TU suggests choosing a secure and regulated exchange that suits your needs. Keep an eye on safety, costs, and the reputation of the exchange. If you’re thinking about buying Bitcoin, remember it has good growth potential but is also quite unpredictable. It’s always smart to do thorough research and consider your options carefully before diving in. Your smart and informed choices today can help ensure your investments are secure and profitable in the future.
By Adedapo Adesanya
The Nigeria Customs Service (NCS) is seeking a reduction in import duty exemptions, which rose to N34 trillion, limiting its ability to increase its revenue generation threshold.
The Comptroller-General of the Customs Service, Mr Adewale Adeniyi, disclosed that the value of import duty exemption certificate approvals increased to that level in 2025, describing the policy as one of the major factors restricting its revenue generation.
At an investigative session of the Senate Committee on Finance with revenue-generating agencies in Abuja on Monday, Mr Adeniyi explained that government fiscal policies have continued to impact the revenue-generating capacity of the Customs Service, both positively and negatively.
“The NCS would have generated significantly higher revenue over the years if not for government-approved import duty waivers and other external factors affecting collections,” he said.
He added that the Import Duty Exemption Certificate scheme, introduced in March 2020, accounted for about N34 trillion in approvals in 2025, with nearly 60 per cent covering duty-free importation of military hardware due to Nigeria’s prevailing security challenges.
Other government-backed duty waivers, he noted, covered the importation of Compressed Natural Gas (CNG), electric and hybrid vehicles, healthcare equipment and medical supplies, industrial machinery and manufacturing inputs, as well as food import intervention programmes.
While acknowledging the impact of the waivers on Customs revenue, Mr Adeniyi argued that fiscal policy should not be assessed solely on the basis of revenue generation but also on its broader economic and social objectives.
He, however, urged the federal government to establish stronger monitoring mechanisms to ensure beneficiaries of duty waivers deliver the intended economic outcomes, including lower consumer prices, increased local production and improved healthcare access.
The committee also expressed displeasure over the absence of several heads of government agencies invited to the hearing, including the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF), and the Federal Medical Centre (FMC), Jabi.
The Chairman of the Senate Committee on Finance, Mr Sani Musa, warned that the affected chief executives must appear at the committee’s next sitting or face severe sanctions under the Senate’s rules.
In the competitive world of online trading, finding a trading brokerage partner that balances reliability, technological innovation, and accessible conditions is essential. Headway broker has emerged as a significant player, currently serving over 4 million users globally.
In this article, we take a detailed look at what makes this broker for trading a notable option for both novice and experienced traders.
Headway Regulatory Foundation and Safety
Safety is the cornerstone of any trading relationship. Headway broker operates under the regulation and licensing of the Financial Sector Conduct Authority (FSCA). This regulatory oversight ensures that the broker adheres to strictly defined standards for transparency and operational conduct, providing traders with an added layer of security and confidence when managing their portfolios.
Trading Platforms and Instruments
Efficiency in trading Forex and other markets is driven by the tools at your disposal. Headway provides a robust technological trading ecosystem:
Industry-Standard Platforms: The broker fully supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most widely used platforms for technical analysis and automated trading.
Proprietary Mobile App: For traders who prioritize mobility, Headway offers its own custom-built trading app. It is readily available for download on both Google Play and the App Store, allowing for seamless account management and trading on the go.
Diverse Market Access: Traders have a wide range of opportunities with access to over 300 trading instruments, ensuring plenty of choice for different strategies and asset classes.
Trading Account Types Offered by Headway
Headway broker understands that every trader enters the market with a different level of experience:
Three Account Tiers: To ensure inclusivity, the broker offers three distinct types of accounts (Cent, Standard and Pro), tailored to suit different levels of expertise and capital requirements.
Demo Account: For those looking to refine their skills without financial risk, Headway provides a comprehensive demo trading account. This is the perfect environment to practice strategies, understand how the platform works, and gain confidence before transitioning to live trading.
Customer Support and Incentives
Headway supports its user base with comprehensive resources and financial incentives:
24/7 Technical Support: Market fluctuations happen at any time. Headway provides round-the-clock technical support for the traders, ensuring that help is always available whenever a question or issue arises.
150$ No Deposit Bonus: To help new traders get started, Headway offers a $150 no deposit bonus. This is an excellent way to test the broker’s execution speed and trading environment with zero initial risk.
IB Partnership Program: Beyond individual trading, Headway fosters growth through its Introducing Broker (IB) partnership program. This allows partners to build their business and earn commissions by referring new traders to the platform.
Conclusion
With its combination of FSCA regulation, a vast range of instruments, and modern platforms like MT4, MT5, and its own proprietary app, Headway FX broker provides a comprehensive environment for modern traders. Whether you are using the demo account to hone your skills or taking advantage of the 150 no deposit welcome bonus, this broker offers the stability and tools needed for your trading journey.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.40 per cent on Monday, July 13, buoyed by buying interest in 11 Plc, Central Securities Clearing System (CSCS) Plc and UBN Property Plc, which offset the profit-taking in Food Concepts Plc, the parent company of Chicken Republic.
11 Plc gained N20.69 to end at N227.64 per share compared with last Friday’s price of N206.95 per share, CSCS Plc grew by N1.83 to N91.48 per unit from N89.65 per unit, and UBN Property Plc added 1 Kobo to sell at N1.81 per share versus N1.80 per share.
On the flip side, Food Concepts Plc depreciated by 24 Kobo to close at N2.45 per unit, in contrast to the preceding session’s N2.69 per unit.
As a result, the market capitalisation increased by N9.2 billion to N2.587 trillion from N2.578 trillion, and the NASD Security Index (NSI) improved by 15.33 points to 4,311.67 points from 4,296.34 points.
Yesterday, the volume of securities traded by investors surged by 615.9 per cent to 9.1 million units from the previous 1.3 million units, and the value of securities rose by 997.1 per cent to N320.4 million from the preceding session’s N29.2 million, while the number of deals decreased by 12.5 per cent to 28 deals from last Friday’s 32 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units worth N6.5 billion, and CSCS Plc with 73.9 million units exchanged for N5.2 billion.
GNI Plc also closed the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units transacted for N415.7 million.
