BtcTurk review
BtcTurk has been running since 2013, longer than any other Turkish exchange, and it has lost money to attackers twice in the last two years. Both things are true and you should weigh them together.
In June 2024 attackers took roughly 55 million dollars from ten hot wallets after obtaining the private keys. In August 2025 it happened again, for about 48 million dollars, through the same class of failure. On both occasions the large majority of customer assets sat in cold storage and were untouched, the exchange absorbed the loss rather than passing it to customers, and Binance helped freeze part of the June 2024 haul. A platform that covers a loss is behaving as a custodian should. A platform that suffers the same kind of compromise twice in fourteen months has a pattern rather than an incident, which is why it does not rank first here.
Pricing is genuinely good: spot commissions run 0.12 to 0.2 percent, below Paribu and just above Binance TR. Lira funding is by Havale, EFT and the FAST instant rail.
It filed with the Capital Markets Board under the 2024 crypto law and appears on the board's transitional list of operating platforms. If you use it, treat it as a place to transact rather than a place to store bitcoin, and withdraw to your own wallet.
- Founded
- 2013
- Headquarters
- Istanbul, Turkey
- Fees
- Spot commissions run 0.12 to 0.2 percent, below most Turkish rivals. Lira funding by Havale, EFT and the FAST instant rail.
- KYC
- Required
- Payment methods
- FAST instant transfer, Havale/EFT
- Status
- Operating
How you can pay on BtcTurk
Every deposit rail BtcTurk supports in at least one market.
- Domestic bank rail
- FAST instant transferHavale/EFT
As published by BtcTurk: Havale/EFT, FAST instant transfer.
Pros and cons
What works
- Spot commissions of 0.12 to 0.2 percent, among the lowest published in Turkey
- Operating since 2013, the longest continuous record of any Turkish exchange
- Covered both breach losses itself rather than passing them to customers, with cold storage untouched on each occasion
- On the Capital Markets Board's transitional list, filed under the 2024 crypto law
What to watch
- Breached twice in fourteen months through hot wallet private keys, for roughly 55 million dollars in June 2024 and 48 million in August 2025
- Two compromises of the same kind is a pattern rather than an incident, whoever absorbed the loss
- Both events forced deposits and withdrawals to be halted while the exchange investigated
Fees in detail
- maker
- From 0.12 percent
- taker
- Up to 0.2 percent
- spread note
- Cheaper than Paribu on lira pairs and slightly above Binance TR.
- deposit note
- Lira funding by Havale, EFT and the FAST instant transfer rail.
- withdrawal note
- Crypto withdrawals are subject to Turkey's 48-hour holding rule, 72 hours on a first withdrawal.
Where we recommend BtcTurk
Countries where BtcTurk ranks in our local guide. Availability beyond these is possible but unverified by us.
TurkeyFrequently asked questions
Has BtcTurk been hacked?
Twice. In June 2024 roughly 55 million dollars was taken from ten hot wallets, and in August 2025 about 48 million more went the same way. On both occasions the bulk of customer assets was in cold storage and untouched, and BtcTurk absorbed the loss rather than passing it on.
Is it safe to use BtcTurk now?
Customer funds have not been lost in either breach, and the exchange remains one of Turkey's largest. It has still suffered the same class of compromise twice in fourteen months, so treat it as somewhere to transact and move your bitcoin to a wallet you control rather than leaving a balance on it.
What does BtcTurk cost?
Spot commissions run 0.12 to 0.2 percent, which undercuts Paribu and sits just above Binance TR. Lira funding runs on Havale, EFT and the FAST instant rail.
Is BtcTurk licensed?
It has filed with the Capital Markets Board under the 2024 crypto law and appears on the board's transitional list of operating platforms. That list records who is operating during the changeover rather than who has been approved, and no Turkish platform holds a final licence yet.