Review on Paribu by Olugbenga Ajayi
Paribu is an exchange for the Turkish
Paribu is a Turkish exchange launched by Yasin Oral and Ozgur Efe in 2017 and for Turkish only. What I mean by Turkish only is that only people that has Turkish account can use the exchange. Infact the website is designed in Turkish.
The exchange is a single crypto exchange. It supports only BTC and can only trade with the Turkish Lira.
Being the largest stock exchange in the region, the exchange enjoy high liquidity and large trading volume.
But somehow I found the transaction fee charged on taker and maker to be too high. It charges 0.35% on taker and 0.25% on makers. Withdrawal is within the industry standard of 0.0005btc which is fair enough. For deposit it accepts crypto and bank transfer.
Pros
- Can be used to exchange TL/btc
- Secure user assets with cold wallet
- Has a large daily trading volume
- Has high liquidity
- Is among the largest stock exchange in turkey
Cons
- It only support one crypto currency
- It is not an exchange for global service
- The fee charge on taker and makers are above industry standard
New products
Comments (1)
October 30, 2020
Yes, I agree, although it charges you a lot of commission between transactions, it doesn't charge all coins except Bitcoin for coin withdrawals. Moreover, there are no minimum figures in deposit transactions.
