Buy Bitcoin in Turkey

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin wallets.

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
High
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CEX.ioCEX.io Buy Bitcoin Read Review

CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
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CointedCointed Buy Bitcoin

Cointed allows customers to buy and sell bitcoins across Europe, using SEPA, Skrill, cash, and many other payment options. They also operate 9 Bitcoin ATMs across Austria.

Pros
  • Many payment methods available
Cons
  • ID verification required, so not a private way to buy
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

SatoshiTangoSatoshiTango Buy Bitcoin

SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.

Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.

Pros
  • One of the best ways to buy bitcoins in the countries it covers
  • Allows for the payment of utility bills and the purchase of airtime with bitcoin
Cons
  • Not private since identity verification is required
  • Due to regulations, a separate account is needed for each fiat currency SatoshiTango accepts; USD, EUR and ARS
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
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VirWoXVirWoX Buy Bitcoin Read Review

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.

This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.

Pros
  • The easiest and basically only way to purchase bitcoins with PayPal or Skrill
Cons
  • Comes with a price: it will cost around 10% in fees to buy with PayPal
Ease of Use
Hard
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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ChangellyChangelly Buy Bitcoin

Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.

Pros
  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
Cons
  • Need altcoins or other digital tokens to use
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin

bitcoin-otcbitcoin-otc Buy Bitcoin

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

Pros
  • Can be a good way to find Bitcoin sellers if no other options exist
Cons
  • Need to keep eye out for scams
  • Need to build trust and feedback for your account before trading larger amounts
Ease of Use
Hard
Privacy
High
Speed
Varies
Fees
Varies
Reputation
Trusted
Limits
High
Buy Bitcoin

History of Bitcoin in Turkey

Turkey is one of many countries where Bitcoin does not have a particular legal status. This presents entrepreneurs opportunities to start their own cryptocurrency businesses. The Lira is falling, PayPal has left, and the government blocks more and more websites; there are few countries in the world which need Bitcoin as much as Turkey. After the biggest exchange of the country stopped operation, Bitcoin trading has become chaotic but stabilizes on more decentralized markets.

Bitcoin is a growing business in Turkey.

Status of Bitcoin in Turkey

Weekly LocalBitcoin trading volume according to data from coin.dance shows a recent surge towards further adoption since early 2016. As of September of 2017, coinradaratm.com reports there are no Bitcoin ATM’s anywhere in country, forcing citizens to buy online.

In the beginning of June, 2016 - PayPal had to leave Turkey. “We are sorry to announce that PayPal is suspending its business operations in Turkey,” the online payment processor noted . PayPal lost its license for payments after Turkey enforced a new set of regulations, “that require PayPal to localize our information technology systems in Turkey fully.” If you run an internet business in Turkey, your server has to be within physical reach of the government.

Companies using Bitcoin in Turkey

The most important company in Turkey was BTCTurk, the only real-time exchange which had 70,000 users. BTCTurk, launched in 2013, was forced to shut down in 2016. Turkish Bitcoin blog Coin-Turk.com published in mid-2016 an overview on the Turkish Bitcoin exchanges.

A new platform to trade Bitcoin is BitKapital. This company, also located in the free zone of Northern Cyprus, offers investment products in cryptocurrencies with its platform Cryptomerian. Companies, ICOs, Cloud-Mining, Margin Trading and many more things which might be attractive to the people of Turkey suffering from high inflation.

Merchants Accepting Bitcoin

The owner of the MiaVita Beytepe project in Ankara, Turkey, has announced that its luxury apartments are available for purchase using bitcoin. The apartments are expected to comprise the first real estate transactions to be made using cryptocurrency in Turkey.

Prepaid bitcoin voucher service Bitupcard is now available at an additional 270 retail locations across Turkey. The announcement, which follows on from the launch of a pilot scheme that saw $25,000-worth of bitcoin sold in 10 weeks, raises the number of retail locations offering over-the-counter bitcoin purchases in the country to 300. The scheme is run by Amsterdam-based bitcoin seller Bit4coin in conjunction with Berlin-based firm MK Payment.

The Bitupcard e-voucher, which works similarly to prepaid mobile vouchers, is available in denominations of 50–500 Turkish lira (roughly $20–$200). After paying for the voucher, customers receive a paper receipt with a voucher code. The buyer then has to enter the unique code, along with their bitcoin address, at bitupcard.com The customer should subsequently receive the digital currency in their bitcoin wallet in a matter of hours.

Legality of Bitcoin

Bitcoin is not regulated as it is not considered to be electronic money according to the law.