Review on Paribu by Fanuel PORPORTY

Name: Paribu
Item: Paribu
Rating: 3

April 06, 2020

Paribu is one of the most popular Bitcoin exchanges in Turkey. The company accepts deposits in Turkish Lyra (TRY), which makes them an entry-level service

Paribu is a Turkish cryptocurrency exchange. In essence, it's a great "gateway" business for locals, who have little experience in the cryptocurrency space. Paribu's main concern is that it is a relatively new business. In other words, they haven't proven their safety, which looks good on paper. Of course, the key problem for many companies in the cryptocurrency field is counterparty risk and Paribu is no exception. Although they look great, there is always the possibility that something bad can happen with an exchange. Industry veterans suggest keeping your coins in external wallets and even on hardware.
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Paribu offers bank transfer as a deposit method, but you cannot deposit by credit card. The only currency you can deposit is TRY (Turkish Lira). The exchange is also available as a mobile app if you prefer that instead of using the platform on your desktop. You can download the app for free from the App Store and Google Play.
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