Bitcoin is a cryptocurrency that has shown enormous growth over the past few years. Many new investors are now joining the party in the hope of a brighter tomorrow. Turkey is a great example of a country that has become well-known for the number of Bitcoin investors. Turks have widely embraced gone the digital world, with Bitcoin being the most popular cryptocurrency investment.
Bitcoin is highly known for its volatility; you never know what the prices are going to do next. The same applies to the Bitcoin price in Turkey. The prices are constantly changing from day today. There are a lot of factors that result in these frequent changes, which we are going to look at here.
Having said that, here is a beginner’s guide to Bitcoin Price in Turkey.
A Brief History of Bitcoin Price in Turkey
Just like other countries Turkey has been on the front line of investing in Bitcoin since it was first launched back in 2009. Not much has been said about the initial price, but all that we can say the price was quite low. As time has passed the price increased to its current level, which is 480,324.00 Turkish Lira at the time of writing.
Just like Bitcoin prices in other countries, there have been some disputes including the price going down drastically, or the government inventing and trying to limit the trading process. In 2018 Turkey the central Bank of Turkey banned the use of Bitcoin or any other cryptocurrency to make payments for products and services. This affected many investors in various ways, with most of them having to step back from investing. But as we speak now, changes are being made and many investors are back to trading Bitcoin.
The Bitcoin price in Turkey is indeed likely to keep on changing and no one is aware of what the future holds. However, in the eyes of many, Bitcoin is the perfect investment to venture into.
Platforms that Offer the Best Bitcoin Price in Turkey
There are various Bitcoin trading platforms in Turkey. Here are the topmost.
- NakitCoins – This was the first-ever physical Bitcoin Store to be established in Turkey. They offer some of the lowest fees starting from 1% of your deposits. They also offer online services, making it one of the most reliable platforms to use. On top of that, they are highly respected, having years of experience in this area and creating a good name for themselves. Therefore, if you are searching for the most accountable platforms, don’t hesitate to visit NakitCoins physical stores or their online page.
- CoinSmart – If you are searching for the lowest Bitcoin price in Turkey, you should check out CoinSmart, their fees are as low as 0.20% of your deposits. Furthermore, the platform is secure, therefore you don’t have to worry about losing your assets.
What to Look for in a Bitcoin Platform
There are various factors to look for to find the best Bitcoin platform in Turkey. Here are examples.
- User interface — The common factor that turns most newbies off Bitcoin is the complexity of platforms. If you are not familiar with some of the technical elements, it is best if you start with a beginner-friendly platform as you slowly progress.
- Fees — Most people are into Bitcoin investment to make profits. How are you going to do so while using a platform that is eating up your Bitcoin? Be wise and trade using platforms that offer low Bitcoin prices in Turkey for a great future ahead.
The Bitcoin price in Turkey is what most investors are looking at nowadays. Its prices show a great future for Bitcoin investors and also lead most people to be the next traders. Don’t let the volatility worry you, Bitcoin is a great investment that is changing cryptocurrency for the better.