Review on Paribu by Amos joseph
Paribu exchange
Paribu a Turkish base exchange although turkish official have make crypto base trading activities flexible in its country the exchange have restriction for certain users like US citizen also creating an account Paribu will require a turkish telephone number which also makes it very difficult for other users from other part of the globe to register seamlessly, the exchange support basically two language English and turkish official language. for users who prefer web base browser they can conduct their trading activities using web browser or download mobile application from play store for and android or app store iOS device.
Paribu is designed with simple to navigate tool with trade book other currency price chart although there are few crypto coins available for trading on the exchange Interestinly it support transaction using turkish fiat currency which makes it easy for trader to buy Bitcoin with local currency. to enjoy unlimited access to certain features on the exchange full users verification will be necessary. no margin trading support on the exchange.
Paribu has trading fee of 0.35% which is a bit high these have made lots of traders complain about the exchange trading fee which is a bit high and will make investors look for alternative exchange it also charge for making in BTC 0.0005.
There are complaint about delay in customer service response which takes days.
Although Paribu isn't much popular in the market only problem I was able to figure out was high transaction fee and delay in customer support response no security breach mentioned so far, therefore my take on these users should make make necessary research before investing.
Pros
- Turkish base exchange platform support crypto currency exchange
- Traders can buy BTC using turkish local currency
- Available on web browser and mobile applications
- Has simple to use users interface
- No security breach record yet
Cons
- High transaction fee about 0.35%
- Support few crypto currencies for trade
- No margin trade support
- Slow customer support service
New products
Comments (1)
January 30, 2021
My brother is a great determination about Paribu but a good comment but as a Turkish user I can get an immediate response from the support team and there is the same support for foreign users. No fees for all other cryptocurrency transfers except Bitcoin
