Narkasa is a centralized exchange (CEX) that is based out of Istanbul, Turkey. This cryptocurrency exchange was established in 2020 and allows users to buy and sell on BTC, USDT, and TRY trading pairs. The Narkasa crypto exchange claims to revolutionize the crypto industry and support fast-paced traders through the best trading practices and the latest technology.
The Narkasa cryptocurrency exchange complies with the laws of Turkey and AML procedures. They also require users to complete the KYC requirement for security purposes. Narkasa has not disclosed which countries they restrict. However, it is known that they are not available in the US.
Users can access their services on all devices, such as tablets, mobile phones, and desktop computers.
Markets
Narkasa allows users to trade crypto-crypto and crypto-fiat. They can choose from 12 different coins and over 20 different Narkasa trading pairs with affordable crypto fees. The fiat currency supported by Narkasa is the Turkish lira (TRY). Narkasa supports this currency through its integration with local Turkish banks.
As of February 2023, the Narkasa trading volume stands at around $564,000. Check out the current Narkasa volume above. Besides, note that this platform does not offer leverage or margin facilities.
Narkasa Pro provides users with a more advanced dashboard. This dashboard consists of several technical tools and indicators to allow users to perform better trading analysis.
The Narkasa cryptocurrency exchange charges its users different Narkasa exchange fees. Traders have to pay a 0.2% commission for every coin. There are also withdrawal fees that vary with every coin. For instance, the minimum withdrawal amount for BTC is 0.001 BTC, and the withdrawal fee is 0.0003 BTC. Similarly, the minimum withdrawal amount for TRY is 10 TRY, and the withdrawal fee is 5 TRY.
Other Services
Narkasa has a Bug Bounty Program. It rewards users for detecting any bugs and reporting them back to Narkasa. The minimum amount users can receive for qualified bugs is $100 in USDT. Besides, their names get featured on the platform in recognition of their services.
Narkasa also supports algorithmic trading through the use of API. Users can perform algorithmic trading as a way to earn passively with cryptocurrency.
About the Company
Narkasa is a cryptocurrency exchange that was founded in 2020. The platform is based out of Turkey and provides users with a safe and secure way to perform crypto trading using innovative technology and unmatched industry practices.
Erdal Kaya is the co-founder and CEO of Narkasa. He has a background in Finance and has also co-founded another company called Adlive which provides digital solutions for products and services.
