One of the most appreciated providers of crypto products, Blockchain.com, has announced that it integrated the Turkish Lira (TRY) on its exchange.
This means Turkish users will be able to buy crypto in only 5 minutes from now on, without using a third-party payment processor. On the Blockchain.com Exchange, they are now able to deposit, use and withdraw TRY if they want to purchase BTC, ETH and USDT or to convert cryptocurrency into fiat currency at a very good rate.
Turkey is Accustomed with Crypto
According to a 2019 Statistica Global Consumer Survey, a fifth of the people residing in Turkey know about crypto and have somehow been exposed to it. Another ING survey from 2015 discovered that 45% of all Turkish people think cryptocurrencies are the future when it comes to online spending, this percentage being the largest in Europe.
Blockchain.com Exchange Is the Most Trusted of Its Kind
Ever since it has launched in August, the Blockchain.com Exchange has earned a great prominence for being especially trustworthy when it comes to buying and trading crypto. More than this, it still continuing to launch new assets and futures, not to mention that it supports withdrawals and deposits in the British pound, the US dollar, in EURO and now, in TRY. It’s available for residents from 190 countries. This is what the company’s CEO and co-founder, Peter Smith, had to say about the TRY integration:
“Turkey is one of the countries leading the charge to embrace cryptocurrencies, but its traders have only been met with high fees and poor service. Blockchain.com is dedicated to providing a fair, global market for Turkey’s crypto traders, and setting a new standard for the service they should not only expect, but demand from exchanges.”
Trading Fees for Depositing TRY Reduced
As a celebration for the launch, Blockchain.com offers reduced trading fees for an entire year to those who make TRY deposits onto its Exchange. There are Tier 3 fees of .08% maker and .18% taker for the first 1,000 TRY deposited, whereas the next 1,000 deposited TRY get Tier 2 fees of .10% maker and .20% taker.