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.
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. Therefore, be sure to research which ATMs allow you to buy the cryptocurrency you intend to buy.
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.