If you're in Turkey and want to buy Bitcoin, Ethereum, or Dogecoin with Turkish Lira, Binance TR is probably the first exchange you’ve heard of. And for good reason. It’s the biggest crypto platform in the country, with over 10,000 five-star reviews on Google Play and 24/7 bank deposits that don’t cost a lira. But here’s the catch: Binance TR isn’t just another crypto app. It’s a tightly controlled version of the global Binance platform, built to survive Turkey’s shifting rules - and that comes with serious trade-offs.
What Binance TR Actually Is
Binance TR launched in 2020 as Binance’s official answer to Turkey’s booming crypto market. Unlike the global Binance.com site that lets you trade in USD, EUR, or JPY, Binance TR only deals in TRY - Turkish Lira. That means you can deposit cash directly from Ziraat Bank, Akbank, or İş Bank without fees, and buy crypto within seconds. No wire transfers. No delays. Just open the app, tap Buy, and you’re in.
It’s not a separate company. It’s a local branch. Same security systems, same backend, same team behind the scenes. But the features? They’ve been cut down. Why? Because Turkish regulators don’t allow high-risk trading. No 100x leverage. No margin trading with exotic pairs. No USDT as a base currency. You get what you need to buy and hold - not what Wall Street traders use to gamble.
What You Can Trade on Binance TR
Here’s the real list of coins you can actually trade against TRY:
- Bitcoin (BTC)
- Ethereum (ETH)
- BNB
- XRP
- Solana (SOL)
- Avalanche (AVAX)
- Chainlink (LINK)
- TRON (TRX)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Pepe (PEPE)
That’s it. No altcoins with less than $100 million market cap. No new tokens dumped by influencers. The selection is small, but it’s stable. And that’s the point. Binance TR doesn’t want to be a casino. It wants to be your local crypto bank.
You can also use auto-invest to buy small amounts of BTC or ETH every week - perfect if you’re tired of trying to time the market. Or use the Convert tool to swap between coins without paying separate trading fees. Both features are buried in the app, but they work flawlessly.
Fees and Trading Costs
Here’s one thing Binance TR gets right: fees. Every trade - whether you’re buying or selling - costs exactly 0.10%. No hidden charges. No tiered pricing. No surprise fees when you withdraw.
Depositing TRY? Free. Always. Even at 3 a.m. on a Sunday. Withdrawals to your Turkish bank account? Also free. No limits on how often you can do it. That’s rare. Most exchanges charge for fiat deposits. Binance TR doesn’t. It knows that if you’re using TRY, you’re not a hedge fund. You’re a regular person trying to protect your savings from inflation.
Futures trading? Yes, but only with 10:1 leverage. That’s a far cry from the 150x you can get on Binance.com. And even that 10x is only available on BTC/TRY and ETH/TRY. No leverage on DOGE or SHIB. Again - this isn’t about speculation. It’s about control.
App Experience and Usability
The Binance TR app is clean. Really clean. Two modes: Quick Menu for beginners and Main Menu for people who know what they’re doing. The Quick Menu shows your balance, a big Buy button, and a list of top coins. No charts. No order books. Just tap, enter the amount, and confirm. Done.
The Main Menu? That’s where TradingView charts live. You can set alerts, draw trend lines, and track volume. API access is there too, if you’re into bots or automated trading. But most users never leave Quick Mode. And that’s fine. The app isn’t trying to impress developers. It’s trying to help moms, teachers, and shop owners buy crypto without reading a manual.
And the ratings? 4.8/5 on Google Play. 4.7/5 on Apple. Over 15,000 reviews combined. People love how fast it is. How easy it is. How you can buy $50 worth of BTC with your phone number and a selfie.
The Big Problem: Regulation and Verification
Here’s the dark side. Binance TR is not regulated by any government body. Not MASAK. Not the Central Bank. Not even a local financial authority. That’s not a bug - it’s a feature. Binance built it to fly under the radar. But Turkey’s stance changed in 2025.
In November 2025, Binance announced a hard deadline: every user must complete KYC verification by November 27, 2025. If you don’t, you lose access to TRY trading pairs. Period. No warnings. No grace period. Your balance stays, but you can’t buy, sell, or convert anything with Turkish Lira.
And here’s the kicker: only Turkish citizens can use Binance TR. If you’re a foreigner living in Istanbul with a work visa, you’re locked out after November 13, 2025. Binance is actively blocking non-Turkish IDs. No exceptions. No appeals.
Why? Because Turkey’s Financial Crimes Investigation Board (MASAK) started cracking down hard. They want to track every crypto transaction. Binance TR had to comply - or get shut down. So they chose compliance. And now, millions of users are scrambling to upload their ID, selfie, and proof of address before the deadline.
Security: What You Can Trust
Is your money safe? As safe as it can be on any crypto exchange.
Binance TR uses the same cold storage system as Binance.com. Over 95% of funds are kept offline. Two-factor authentication (2FA) is mandatory. Real-time monitoring detects suspicious logins. If someone tries to log in from a new device, you get an alert - and your account gets locked until you verify.
But here’s what you can’t trust: customer support. On Reddit, users report long waits during market crashes. One person said they emailed support about a failed withdrawal during a 20% BTC drop - and got a reply three days later. The app says “24/7 support,” but that’s not true. The live chat only works during business hours. Emails? They’re answered in 24-72 hours.
And if you’re not verified? Forget about support. No help. No refunds. No exceptions. That’s the price of using an unregulated platform.
Who Is Binance TR For?
It’s simple:
- Perfect for: Turkish citizens who want to buy crypto with TRY, avoid bank fees, and don’t need leverage or 100+ altcoins.
- Bad for: Foreigners, traders wanting high leverage, people who need fast customer service, or anyone who thinks crypto is a get-rich-quick scheme.
If you’re a student in Ankara buying ETH to save for rent? Binance TR is ideal. If you’re a trader in London trying to short SOL with 50x leverage? Look elsewhere.
The Turkish crypto market grew 1,326% between 2020 and 2023. Binance TR rode that wave. But now, the game is changing. Regulation is here. And Binance TR isn’t trying to be the world’s biggest exchange anymore. It’s trying to be the only one that survives in Turkey.
Alternatives in Turkey
Is there anything better? Not really.
Local rivals like Paribu and Koinim exist. They’re regulated by MASAK. But they charge higher fees. Their apps are clunky. They don’t support auto-invest. And their TRY deposit limits are lower.
Global exchanges like Binance.com? You can still use them - but only if you trade in USDT. No TRY. That means you have to first buy USDT on another platform, then send it over. More steps. More fees. More risk.
Binance TR still wins on convenience. Nothing else offers free, instant TRY deposits with a 4.8-star app and 24/7 access.
Final Verdict: Should You Use Binance TR?
Yes - if you’re a Turkish citizen and you’re willing to verify your identity before November 27, 2025.
It’s the easiest, cheapest, and fastest way to buy crypto with Turkish Lira. The app works. The fees are fair. The security is solid. The selection is limited, but that’s by design.
But if you’re not Turkish? Don’t bother. You’ll get locked out. If you’re planning to trade with leverage or chase memecoins? Look elsewhere. Binance TR isn’t built for that.
The biggest risk isn’t hacking. It’s regulation. If Turkey decides to ban crypto exchanges altogether, Binance TR will vanish overnight. But for now? It’s the only game in town. And if you’re in Turkey, that’s not a bad thing.
