Investing in Bitcoin and other crypto in Turkey is easy. The country has more than six trusted exchanges to register on and trade in Bitcoin. According to blockchain analytics website Chainanalysis, Turkey ranked fourth globally in cryptocurrency transaction volume at roughly $170 billion last year behind the U.S., India, and the UK. Popular exchanges like Nakitcoins allow Turkish users to buy BTC with the lowest fees. The platform has an interface with usability in mind, and a variety of payment methods to purchase Bitcoin smoothly and fast. 

Four Steps to Buy Bitcoin in Turkey with Ease

As is the case with many people around the world, Turkish crypto enthusiasts are embracing digital currencies like Bitcoins as alternative investment instruments. Here are some simple steps to purchase Bitcoin in Turkey.

1. Sign Up for an Exchange

Binance, Kraken, and Nakitcoins are among the leading crypto exchanges in Turkey. The first step to buying BTC is to register with an exchange. It would be best if you choose a platform that is interoperable with most devices, including desktop and mobile, and has a feature that lets you withdraw BTC to your personal wallet. Although you can buy and sell Bitcoin on peer-to-peer exchanges, some P2P platforms are less user-friendly and more suitable for advanced users. Turkish crypto exchanges differ in security, charges, payment methods, and other features, so make sure you sign up for an exchange that is right for you. Consider signing up for the Nakitcoins exchange if you want a Bitcoin Turkey platform that allows you to buy and sell BTC with cash at low fees.

2. Complete KYC Verification

Once you join a Bitcoin exchange, you need to complete the required Know Your Customer (KYC) verification process. This is an unavoidable step and legal requirement for almost all Turkish crypto exchanges. You may have to submit your government-issued card including the front and back sides of the document. Some exchanges also accept passports or driver’s licenses for verification. In most cases, your verification will be processed and approved instantly or take one to two days. 

3. Make a Fiat Deposit

Verified users can start buying Bitcoin and other cryptocurrencies with fiat currency such as the Turkish lira. However, you may have to link your bank account or credit card to deposit funds to your exchange account. Common payment methods for buying Bitcoins from Turkish crypto exchanges include credit cards, debit cards, bank transfers (SEPA), and SWIFT. The payment method you use can impact how long it takes for the funds to arrive at the exchange.

4. Buy Your Crypto Bitcoin

As soon as your deposit is complete, you can start buying your first BTC. One bitcoin currently sells for almost $70,000, which is quite expensive. Luckily, you don't have to worry about not having enough funds to buy a full Bitcoin. NakitCoins exchange allows you to purchase as little as a few dollars’ worth of BTC or any other cryptocurrency. You can send purchased Bitcoins to your personal wallet securely. 

Follow these practical tips to buy Bitcoins in Turkey safely. Every dollar saved in BTC is immune to manipulation by central banks and governments. The digital currency remains one of the best-performing cryptos globally.