Review on BtcTurk | Pro by Olugbenga Ajayi
BTCTurk Pro is stable and secure
BTCTurk Pro is an exchange that has gained good reputation and maintained a long record is security. Since it was launched in 2013, there has been no record of hacking and comments about them online is commendable. It is the first exchange to be established in Turkey and the fourth in the world.
The exchange support most major cryptocurrencies like Bitcoin, stellar lumen, ripple and ethereum. It also support Turkish Lira. It does not accept credit card or PayPal for deposit. Only cryptocurrencies and wire transfer are allowed.
The exchange charge low fees on Takers and makers which is 0.09% and 0.05% consecutively. If we compare this to what is obtainable on other exchanges, it is obvious that their fees are low. On withdrawal, the exchange does not charge a standard fee. The fee is always a percentage of the amount withdrawn. I find this somehow cunny. But by and large, the exchange is good and commendable for its long record of security and stability.
Pros
- An exchange with a long time record of security. Since 2013 when it was launched, there is no record of being hacked.
- All assets are kept in cold wallet
- It support segwit and multisig
- It is available for mobile use and support both Android and iOS
- Traders can further secure their assets with two factor authentication
- Low transaction fee of 0.09% from takers and 0.05% from makers is fair and competitive
Cons
- It insists on KYC from traders
- Does not support any major flat currency. Only Turkish Lira is supported
- Since the withdrawal fee is not fixed, the exchange may end up taken more than necessary.
- Does not guarantee anonymity
