Are you in Turkey’s capital, Istanbul and want to buy Bitcoin but you’re not sure where to start? Well, you don’t have to worry because the city is a well-known hub for crypto enthusiasts and there are so many options for you to buy Bitcoin in Istanbul. However, you need to know a few things before you buy any bitcoins, and this article will help you to understand the most important points.
What are the options you can use to buy Bitcoin in Istanbul?
Below are some of the main ways you can buy your BTC in Istanbul :
There are several Bitcoin ATMs throughout the city, strategically located in locations such as the airport and shopping malls. These machines allow you to buy bitcoins with cash. They are fast and convenient but charge higher transaction fees than other methods; so you have to consider if they are the right option for you.
You may also buy bitcoins in Istanbul from brokers who deal in buying and selling digital currencies. The brokers accept a range of payment methods and charge transaction fees for their services.
P2P platforms help to connect buyers and sellers so they can agree on a price and other terms as they buy and sell bitcoins to each other. You can use P2P platforms such as LocalBitcoins and Paxful to buy your BTC in Turkey’s capital. And the beauty of these platforms is that you can use various payment methods like cash, credit cards, gift cards, bank transfers, and many others.
Using a crypto exchange is one of the best ways to buy Bitcoin in Istanbul. There are many exchanges in Turkey. including Coinbase, Kraken, NakitCoins, and others that you can use to purchase your BTC. The beauty of these platforms is that they have robust security measures in place, offer many coins, and charge very reasonable fees. You can use fiat currencies including Turkish Lira and US dollars to pay for your Bitcoin and other cryptocurrencies.
How to buy Bitcoin in Istanbul from a crypto exchange?
If you’re looking to buy BTC in Istanbul using a crypto exchange, here are some steps that can help you:
Choose a reliable exchange
Do your research and find a well-reputed and reliable exchange in Istanbul. You can check out online resources like independent sites and social platforms to find a reliable platform. You can also ask for recommendations from friends and relatives.
Create an account on the platform
You need to register with your chosen platform, and this is pretty easy because you need to submit your details like name, phone number, and email address.
Validate your identity
As a requirement to curb money laundering, most exchanges require users to verify their identity. You do it by providing government-issued documents such as ID cards, driver’s licenses, and other official documents.
Fund your account
You have to add funds to your account and you can do so by bank transfer or adding credit cards.
Purchase your Bitcoin
With your account funded, you can buy Bitcoin in Istanbul at the prevailing market price at the time of the transaction.
Besides following the above procedures to buy BTC through online exchanges in Turkey’s capital, you can also buy Bitcoin from exchanges that have physical offices that people can visit and transact face-to-face. This offers convenience and works well for those who are not tech-savvy. One such exchange is NakitCoins which allows people to buy Bitcoin in their offices with no limits and in a safe and secure space.
You can buy Bitcoin in Istanbul using one of the many methods mentioned, such as Bitcoin ATMs, crypto exchanges, P2P platforms, and brokers. Whichever method you choose, do your due diligence and ensure your assets are secure and you pay reasonable transaction fees.