As a Turkish trader or investor, having a reliable platform for buying crypto is crucial for effective trading. If you want to buy crypto in Turkey with the TRY at no fees, you should check out Kuveyt Turk.
You can buy Bitcoin and other cryptos on any crypto exchange that accepts Kuveyt Turk as a payment method, such as OKX or Bybit.
Below is a brief overview of the two best crypto exchanges to buy cryptos with Kuveyt Turk and step-by-step guidelines to help you complete your purchase.
- OKX P2P – Best crypto exchange with Kuveyt Turk
- Bybit P2P – Best derivative exchange with Kuveyt Turk
1. OKX P2P
OKX is the world’s largest cryptocurrency and derivative trading platform with more than 50 million users around the world. The exchange provides access to more than 350 cryptocurrencies with very low active trading fees.
On the spot market, trading fees are 0.08% for makers and 0.1% for takers while for futures, fees are set at 0.02% for makers and 0.05% for takers. You can also purchase Bitcoin and other cryptocurrencies right from the OKX platform by using your Kuveyt Turk account. Follow our step-by-step instructions below to make your purchase.
Step 1: Create and Verify your OKX Account
Create an account on OKX using your email address and phone number. Then log in and verify your identity by uploading a valid ID. This would enable you to buy cryptos seamlessly on the exchange.
Step 2: Go to the “Buy Crypto” Section
At the top left corner of the homepage, click “Buy Crypto”, then select “P2P trading”.
Step 3: Choose Kuveyt Turk as your Payment Method
On the OKX P2P interface, select the crypto you want to buy, then choose TRY as your preferred currency for payment and enter the amount for purchase. Next, select Kuveyt Turk in the Payment Methods tab.
On the P2P interface, you’ll find a list of trusted and reliable advertisers who also use Kuveyt Turk and can help you purchase your desired crypto. Next, select your preferred advertiser and click Buy.
In the following window, you can also copy the advertiser’s information. Now, proceed to your Kuveyt Turk account to make the payment. Return to your OkX account and click Payment Completed. Your cryptos will automatically be added to your account once your payment is verified.
2. Bybit P2P
Bybit was founded in 2018 and has since grown to become one of the biggest crypto exchanges worldwide. The platform offers a wide range of derivatives trading options, including futures contracts with 100x leverage.
The exchange provides users with access to more than 400 crypto assets and more than 600 trading pairs, with low active trading fees on the spot and futures market. Trading fees are as low as 0.1% for both makers and takers on the spot market while for futures trading, the fees are 0.02% for makers and 0.055% for takers.
Additionally, Bybit allows users to buy Bitcoin and other cryptocurrencies, offering various payment methods, including Kuveyt Turk for Turkish traders. You can follow the step-by-step guidelines below to buy cryptos with your Kuveyt Turk account on Bybit.
1. Create an account on Bybit with your email address or phone number. Then, verify your identity by uploading a government-issued ID.
2. Log in to your Bybit account and click “Buy Crypto” at the top left corner of the homepage. Then, select ‘P2P trading’ from the dropdown menu.
3. On the Bybit P2P trading interface, select your desired crypto, choose TRY as your preferred currency, enter the amount, and then select the preferred payment method. In this case, you’ll choose “Kuveyt Turk” as your payment method.
4. Choose your preferred advertiser from the list below and click “Buy BTC.”
5. Copy the Advertiser’s payment details and proceed to your Kuveyt Turk account to transfer.
6. Once you’ve made the transfer, return to Bybit to click “Payment Completed”. Your cryptos will be released to your account once your transaction is verified.
About Kuveyt Turk
Kuveyt Turk is one of the leading banks in Turkey offering services such as banking, financing, and investment products in accordance with Islamic law (Sharia). It’s a subsidiary of Kuwait Finance House, which is one of the pioneering Islamic banks worldwide.
The bank provides various financial services including retail banking, corporate banking, investment banking, and wealth management, all conforming to Islamic finance principles.
Additionally, Kuveyt Turk is integrated into several crypto exchanges, enabling Turkish traders and investors to seamlessly buy cryptos with the TRY at zero fees.
Final Thoughts
Buying cryptos with Kuveyt Turk is one of the most efficient ways of purchasing cryptos for Turkish traders as the bank offers seamless transactions and low fees. Above are the two best crypto exchanges where you can securely buy cryptos with Kuveyt Turk. Ensure to follow the step-by-step guidelines provided to make purchases easier and faster.
