BtcTurk review: score, licensing and risks
62/100SCORE · CMixed record
Grade C, fair
BtcTurk is Turkey's oldest and largest exchange with strong lira rails. In June 2024 around 55 million dollars was drained from hot wallets; the company said cold storage was untouched and covered the loss.
The facts
- FOUNDED
- 2013
- HEADQUARTERS
- Istanbul, Turkey
- CUSTODY
- Custodial.
- MiCA / EEA
- Not applicable. Turkey focused.
- US ACCESS
- No.
- PROOF OF RESERVES
- Limited publication.
- FEES
- Around 0.10 to 0.25 percent.
- ASSETS
- 150 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- The oldest and largest Turkish exchange
- Strong TRY rails
- Covered its 2024 breach
✗ Weaknesses
- A 2024 hot wallet breach of around 55 million dollars
- Turkey focused
- Limited transparency
Incident history
2024
Around 55 million dollars was drained from hot wallets. BtcTurk said cold storage was unaffected and covered the loss.
Our read
The default venue in a large market, with a 2024 hot wallet breach it covered itself. Regionally important, and not a global option.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.