What You Should Know to Sell Bitcoin in Turkey
Bitcoin is an appealing investment in any country. With any investment, there comes a time to sell. There are several options for Turkish cryptocurrency owners and traders to buy and sell Bitcoin. Turkey is a sizable nation with numerous cryptocurrency users and active cryptocurrency exchanges. This article will go over everything you need to know about where to sell Bitcoin in Turkey.
What Is the Smallest Amount of Bitcoin That You May Sell?
The Satoshi is the smallest portion of a Bitcoin that can exist. There are 100 million Satoshis in a single Bitcoin. It is important to consider that an individual exchange may set their own rules for the smallest amount of Bitcoin that can be sold on their exchange. This value could be given as a percentage of a Bitcoin or as a minimum fiat currency amount. Some exchanges offer discounts on their fees if you buy and sell a certain amount more than the minimum.
Where Can I Sell Bitcoin in Turkey?
There are a variety of places to buy and sell Bitcoin in Turkey. Both online and in-person exchanges are popular. Investors can use either Turkish or international exchanges to buy and sell Bitcoin in Turkey. The next section explores the difference between domestic and international exchanges.
International Exchanges vs. Turkish Exchanges to Sell Bitcoin in Turkey
An international exchange refers to websites and mobile applications that are from other countries but nonetheless do business in Turkey. The Turkish people now have more options to sell Bitcoin in Turkey thanks to them. It is recommended to evaluate each of these international exchanges individually because there could be slight variations among them in regard to factors like the Bitcoin exchange rate, fees, terms of service, and transaction speed.
Turkish exchanges have the advantage of understanding their local clients and their needs. For this reason, both online exchanges and physical exchange offices exist to satisfy Turkish investors. Whichever option you choose to sell Bitcoin in Turkey, you will find exchanges that offer reasonable fees and quick service. Here are a few examples of Turkish and international exchanges that operate in Turkey.
- NakitCoins is a popular physical exchange office with locations in different Turkish cities. They are known for their helpful and knowledgeable on-site experts. You can even use hard cash to buy and sell Bitcoin in Turkey at this reputable exchange.
- Binance is one of the most well-known international cryptocurrency trading platforms. Both their mobile app and website are user-friendly and capable. Binance provides a variety of payment alternatives to buy and sell Bitcoin in Turkey. PayPal, credit/debit cards, cryptocurrencies, local transfers (SEPA, ACH, wire transfers, etc.), and fiat money are just a few of the available payment options. In essence, it permits the exchange of 45 different fiat currencies.
- BtcTurk has been operating for more than 5 years and has risen to become one of the most popular online Turkish cryptocurrency exchanges. They have a convenient and intuitive website that will put new investors at ease. You can also check out their app for use on the go.
You now have a variety of options to consider to sell Bitcoin in Turkey. You may even find that you want to use more than one exchange depending on the situation and your investment needs.