Bitexen: licences, security, fees and reviews
Centralized exchange
In short
- Status
- Bitexen is operating in Türkiye under restrictions: on 23 September 2026 the Capital Markets Board (SPK) decided that, until further notice, the platform may not accept new customers or list new crypto assets and may only carry out existing customers' transactions. Bitexen says crypto withdrawals work and Turkish lira withdrawals are processed in queue order.
- Legal entity
- Bitexen Kripto Varlık Alım Satım Platformu AŞ
- Fees
- Spot maker: 0.15%, excluding VAT (as of 31 October 2026).
- Risks and caveats
- The SPK has restricted Bitexen to existing customers and banned new listings until further notice (decision of 23 September 2026).
- Checked
- 5 November 2026
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Key facts
- Type
- Centralized exchange
- Status
- Bitexen is operating in Türkiye under restrictions: on 23 September 2026 the Capital Markets Board (SPK) decided that, until further notice, the platform may not accept new customers or list new crypto assets and may only carry out existing customers' transactions. Bitexen says crypto withdrawals work and Turkish lira withdrawals are processed in queue order.
- Country of registration
- Türkiye
- Operator
- Bitexen Kripto Varlık Alım Satım Platformu AŞ
- Official site
- bitexen.com
Key facts checked on 5 November 2026 against official sources and regulator registers.
What is Bitexen
Bitexen is a Turkish centralised crypto exchange run by Bitexen Kripto Varlık Alım Satım Platformu AŞ in Istanbul, offering Bitcoin and more than 350 crypto assets against the Turkish lira. It appears on the Capital Markets Board's (SPK) temporary list of crypto asset service providers in operation, and since 23 September 2026 it may serve existing customers only.
Good to know
- Since 23 September 2026 the SPK has barred Bitexen, until further notice, from accepting new customers and listing new crypto assets; only existing customers' transactions are allowed. ↗
- Bitexen's own notice says Turkish lira withdrawals are processed gradually in queue order, while crypto withdrawals can be made. ↗
- The SPK list is a temporary list of firms that declared they will operate; the SPK states that being on it does not mean a firm is authorised. ↗
- An annual account fee of 200 TL applies to all accounts, including inactive ones; if there is not enough lira, crypto is converted to collect it. ↗
- Trading fees do not include VAT. ↗
↗Services
| Parameter | Details |
|---|---|
| Spot trading | Bitcoin and more than 350 crypto assets, with Quick Buy/Sell and PRO trading screens. |
| Custody / wallet | The user agreement covers buying, selling, custody, transfer, locking, and order routing and matching of crypto assets. |
| Fiat deposits | Turkish lira bank deposits are free; bank withdrawals cost 3 TL plus VAT. |
| Own token | EXEN (Bitexen Exen Coin), an ERC-20 token. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Türkiye | Bitexen Kripto Varlık Alım Satım Platformu AŞ (formerly Bitexen Teknoloji AŞ) | Listed on the SPK's temporary list of crypto asset service providers in operation (Law No. 6362, provisional article 11); since 23 September 2026 restricted to existing customers. | Sermaye Piyasası Kurulu (Capital Markets Board of Türkiye, SPK) |
Security and audits
- Bitexen's user agreement says critical systems use end-to-end encryption, audit trails, network segmentation and a cold-wallet architecture.
- The site links to a bug bounty programme and a system status page.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): destek.bitexen.com/portal/tr/kb/bitexen-a-%C5%9F, destek.bitexen.com/portal/tr/kb/articles/kullani, spk.gov.tr/kurumlar/kripto-varlik-hizmet-saglayi, hacked.slowmist.io, defillama.com/hacks, rekt.news/leaderboard
Fees
| Parameter | Details |
|---|---|
| Spot maker | 0.15%, excluding VAT (as of 31 October 2026). |
| Spot taker | 0.25%, excluding VAT (as of 31 October 2026). |
| Deposits | Turkish lira bank deposits: free (as of 31 October 2026). |
| Withdrawals | Turkish lira by bank: 3 TL plus VAT; Bitcoin: 0.00025 BTC (as of 31 October 2026). |
Who can use it
- Verification: Users must be over 18 and have full legal capacity under Turkish law; identity can be verified remotely, for example by video call. New customers are not accepted since 23 September 2026.
History
| Date | Event |
|---|---|
| 2018 | The bitexen.com site has operated since 2018 (copyright line). |
| 3 October 2024 | Following the SPK principle decision of 19 September 2024, Bitexen ended all campaigns and promotions on the platform at 23:59 on 3 October 2024. |
| 2026 | Bitexen published a notice that its services continue and that Turkish lira withdrawals are processed in queue order. |
| 23 September 2026 | The SPK decided that Bitexen may not accept new customers or list new crypto assets until further notice. |
Risks and caveats
- The SPK has restricted Bitexen to existing customers and banned new listings until further notice (decision of 23 September 2026).
- Turkish lira withdrawals are processed gradually in queue order, according to Bitexen's own notice.
- Being on the SPK's temporary list does not mean a firm is authorised, according to the SPK.
- The user agreement says crypto assets are volatile and not subject to regulation, and investment decisions are the user's own.
About the company
- Legal entity
- Bitexen Kripto Varlık Alım Satım Platformu AŞ
- Formerly
- Bitexen Teknoloji AŞ
- Headquarters
- Maslak 1453 Sitesi 1F Blok, Maslak, Sarıyer, Istanbul, Türkiye.
- Own token
- EXEN
- Name change
- Renamed from Bitexen Teknoloji Anonim Şirketi to Bitexen Kripto Varlık Alım Satım Platformu Anonim Şirketi to comply with SPK rules; announced in the Trade Registry Gazette (date not stated on the page).
Official links
- Website: www.bitexen.com
- Fees: www.bitexen.com/help/fees
- Terms of use: www.bitexen.com/help/user-agreement
- Licences: spk.gov.tr/kurumlar/kripto-varlik-hizmet-saglayicilar/faaliyette-bulunanlar-listesi
- Status: www.bitexen.com/system-status
- Blog: destek.bitexen.com/portal/tr/kb/bitexen-a-%C5%9F/duyurular
Questions and answers
Is Bitexen regulated?
Bitexen's operator is on the SPK's temporary list of crypto asset service providers in operation, which the SPK says is not an authorisation; since 23 September 2026 the SPK has limited it to existing customers.
Can I open a new Bitexen account?
No. Under the SPK decision of 23 September 2026, Bitexen may not accept new customers until further notice.
What are Bitexen's fees?
As of 31 October 2026, spot fees are 0.15% maker and 0.25% taker excluding VAT, plus an annual account fee of 200 TL; bank withdrawals in lira cost 3 TL plus VAT.
Who owns Bitexen?
Bitexen is operated by Bitexen Kripto Varlık Alım Satım Platformu AŞ (formerly Bitexen Teknoloji AŞ), based in Istanbul.
Does Bitexen publish proof of reserves?
No proof-of-reserves report was found on Bitexen's own pages.
Sources
- Bitexen — Home page
- Bitexen — Fees (Ücretler)
- Bitexen — User agreement (Kullanıcı Sözleşmesi)
- Bitexen Support — Information for our users (Kullanıcılarımız İçin Bilgilendirme)
- SPK — Crypto asset service providers in operation (temporary list)
- Bitexen — Public statement (Kamuoyu Açıklaması)
- Bitexen — Trade name change notice
- Bitexen — Service updates under capital markets rules
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