In Turkey, more than 2.4 million individuals invest in or trade cryptocurrencies. Due to the enormous number of users, there are many various ways to buy and sell different cryptocurrencies. Some cryptocurrency users in Turkey purchase and sell using fiat money, PayPal, debit or credit cards, SWIFT transfers, SEPA transfers, local bank transfers, and altcoins (cryptocurrencies like Ethereum, Tether, and Dogecoin that were released after Bitcoin). Despite all of these payment alternatives, it is popular to buy crypto in Turkey with cash.
In-depth information on exchanges and crypto ATMs where you may sell and buy crypto in Turkey with cash will be provided in this article.
Two Methods to Buy Crypto in Turkey with Cash
You may use a Bitcoin ATM or go to a real crypto office to sell and buy crypto in Turkey with cash. This section will look at a thorough analysis of these options. Let’s look at each individually.
Real-world crypto exchange offices
One location where you may sell and buy crypto in Turkey with cash is a real crypto exchange office. They have offices in a few Turkish neighborhoods including Istanbul and Ankara. There are currently just two physical exchanges operating in Turkey.
- NakitCoins: It is possible to sell and buy crypto in Turkey with cash at NakitCoins, which is the country’s first on-site Bitcoin exchange office. NakitCoins only uses physical fiat currency for both purchases and sales. Dollars are accepted for all transactions, and euros can be used for especially big purchases. The various cryptocurrencies offered by NakitCoins include Ripple, Bitcoin, Ethereum, and Monero.
- Coinsfera: The first decentralized exchange founded in Dubai is Coinsfera. They have a branch in the Turkish city of Istanbul and are another place where you can sell and buy crypto in Turkey with cash. Cryptocurrency may also be purchased or sold using a credit card. They are known for accepting these two payment methods in all of their branches throughout the globe (cash and credit card). Coinsfera offers access to a number of digital currencies including Bitcoin, Ethereum, Binance Coin, Bitcoin Cash, Tether, Litecoin, Ripple, and Tron.
Bitcoin ATMs
An additional location where you can sell and buy crypto in Turkey with cash is a Bitcoin ATM. They are situated in several significant Turkish cities. You can use a popular maps app on your phone to find the nearest Bitcoin ATM with the cryptocurrencies that you want. It is crucial to keep in mind that not all Bitcoin ATMs in Turkey allow for cash purchases of cryptocurrency, and not all cryptocurrency coins are supported.
Also, not all of them are private, and most offer higher fees than exchanges. It is always sensible to research the ATMs before using them. Below we will provide some examples of locations that:
- Are completely anonymous below 185.000 TRY
- Often organize discounts where there is no fee at all (price is the same as exchanges) one of examples being 0% fee for buying mid-November 2023
- Using them is as easy and quick as using any normal ATM, except instead of credit card, you scan QR from your crypto wallet
- Do not force you to download any specific crypto wallets or apps, giving you freedom of choice
- Do not force you to waste your time with annoying registration
- Do not require sms or mail verification
- They are part of larger network of at least 250 devices, operating minimum 5 years
Bitcoin ATMs in Turkey – with opening hours
Bitcoin ATM Istanbul – Beyoğlu
Located at Gümüşsuyu, Tak-ı Zafer Cd. 3 A, 34437 Beyoğlu/İstanbul, this Bitcoin ATM is open 24/7 and situated on the -2nd floor near the main exit of the Takim Metro Station. 100% anonymous below 185000 TRY. Navigate to this location on GoogleMaps or check available funds at the page Bitcoin ATM Istanbul.
Bitcoin ATM Istanbul – Bahçeşehir
This ATM, located at the entrance to the shopping mall at Kemal Sunal Cd. 19, Bahçeşehir Atrium Shopping Center, Bahçeşehir, Istanbul, 34398, operates daily from 10:00 AM to 8:30 PM. There is a phone shop next to it. You can obtain additional information by calling +48 733 143 724. The operator’s website allows you to check the balance within the ATM. Navigate to Google Maps of the location or check its current prices and fees here.
Bitcoin ATM Istanbul – Şişli
Found inside the Mecidiyeköy Metro station, this Bitcoin ATM is open 24/7 and offers anonymous/secret transactions. It’s H. Edip Adıvar Mahallesi Şişli Belediyesi Kültür Merkez, 34381 Şişli/İstanbul. Navigate to the location easily using Google Maps on your phone or check its fees (sometimes 0%) on the page ATM Bitcoin Istanbul.
Bitcoin ATM Bursa (Osmangazi)
The ATM at Kayhan, Atatürk Cd. 6 D, Osmangazi/Bursa, 16230 (navigate to it using its GoogleMaps page: Bitcoin ATM) is open 24/7 and allows transactions up to 185,000 TRY without identity verification. For more information, you can find out about regular discounts and raffles on social media. The photos and cash inside can be checked at the page Bitcoin ATM Bursa.
Bitcoin ATM Izmir – Konak
Located at Konak Mah. 859 Sok. No:1, Konak, Izmir, 35250, this ATM is open from Monday to Saturday, 7:30 AM to 8:30 PM. It allows transactions with various cryptocurrencies such as BTC, USDC, USDT, DASH, TRX, LTC, and ETH. Learn more at the page ATM Bitcoin Izmir.
Concluding Thoughts on Methods to Buy Crypto in Turkey with Cash
Every Turkish cryptocurrency investor should be aware of the specifics of the exchanges and Bitcoin ATMs discussed in this article. This will assist you in determining the most convenient place to make a purchase. You can also sell crypto in Turkey for cash at most of these places.
