Question 1

How does BTCTurk work?

Accepted Answer

BTCTurk operates as a centralized cryptocurrency exchange where users can trade Bitcoin and over 100 cryptocurrencies using Turkish Lira or USDT. It facilitates transactions through seamless integration with Turkish banks, enabling 24/7 deposits and withdrawals. Users can access the platform via web, mobile apps, or APIs for trading, portfolio management, and real-time market data.

Question 2

Is BTCTurk a secure platform?

Accepted Answer

BTCTurk employs advanced security measures, including storing 97% of user assets in cold wallets with multi-signature protocols and FIPS-Level 2 certified devices. Two-factor authentication (2FA) is mandatory, and regular audits are conducted by KPMG to ensure financial and operational integrity. Despite a cyberattack in 2024 affecting hot wallets, the platform's financial strength and security protocols protected user assets from losses.

Question 3

How to use BTCTurk?

Accepted Answer

To use BTCTurk, users must create an account on its website or mobile app, complete identity verification, and deposit funds via Turkish banks or cryptocurrency transfers. Once funded, users can trade cryptocurrencies by placing market, limit, or stop orders through its intuitive interface or API. The platform also supports Bitcoin transactions using the Lightning Network for faster and fee-free transfers.

Question 4

What benefits does BTCTurk offer?

Accepted Answer

BTCTurk provides a range of services, including crypto-to-crypto and crypto-to-fiat trading with competitive fees, real-time market data, and advanced order types like market, limit, and stop orders. It offers secure wallet storage solutions, including free Bitcoin withdrawals via the Lightning Network. Additionally, the platform features educational resources, 24/7 customer support, and tools for portfolio management through its mobile app and web interface.