Coinranking
Coin listings
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Markets
About BTCTurk
BtcTurk, launched in 2013, is one of the oldest and largest cryptocurrency exchanges in Turkey. It's well-known for its strong focus on the Turkish market, allowing easy deposits and withdrawals of Turkish Lira (TRY).
Key Details:
- Pioneer in Turkey: The first crypto exchange in the country.
- TRY Support: Seamless integration with Turkish banks for TRY transactions.
- Asset Variety: Offers a wide range of cryptocurrencies against TRY and USDT.
- User-Friendly: Provides both simple and advanced trading options on web and mobile.
- Security Focus: Keeps most user funds in secure cold storage.
Recent Major Incident:
- June 2024 Cyberattack: BtcTurk suffered a hack, resulting in about $55 million stolen from its hot wallets.
- User Funds Safe: Importantly, BtcTurk stated that only exchange funds were stolen, and customer crypto assets were unaffected due to cold storage.
Regulatory Status:
- Regulated in Turkey: Operates under Turkey's evolving crypto regulations, primarily overseen by the Capital Markets Board (CMB) as of 2025.
Summary:
BtcTurk is a long-standing and key crypto exchange in Turkey, popular for its local fiat support. Despite a recent hot wallet hack in June 2024, the exchange assures user funds were safe, maintaining its position as a major player in the Turkish market under local regulations.