Paritex crypto exchange was founded in 2019 as a solution for Turkish crypto traders who wanted a platform that could support the Turkish Lira and cryptocurrencies.
Paritex cryptocurrency exchange was established by a group of professionals to build a creative and simple strategy for trading in the cryptocurrency world. The exchange platform aims to offer its services to traders and investors around the world. However, it is unclear if Paritex allows US traders to invest in their platform because of SEC regulations. If you are interested in using this platform, it is advisable you check if your country allows cryptocurrency trading and activities.
The platform makes use of a strong Know-Your-Customer (KYC) verification system to ensure that all customers are authentic. They also make use of the some of the best anti-money laundering and counter-terrorism financing prevention measures.
Markets
Paritex crypto exchange supports three major markets – BTC, USDT and TRY markets. TRY stands for the Turkish Lira. On the platform, there are opportunities for crypto-to-crypto and crypto-to-fiat trading. Altogether, there are 14 Paritex trading pairs available on the platform at the time of writing this article. Furthermore, the Paritex spot trading option is the only trading option available on the platform. There are no derivatives, futures, or margin trading options available. However, there are plans to make these available for users in the future.
Paritex exchange fees for trading are the same for makers and takers. The platform charges a flat rate of 0.15% for these trades. This rate makes Paritex one of the most cost-effective exchanges around.
On the platform, you can deposit both cryptocurrency and fiat currency into your trading account. However, depositing fiat can only be done via wire transfer and bank charges apply. There are no charges for cryptocurrency deposits, on the other hand. Though there are Paritex crypto fees for withdrawals. There is a flat Paritex crypto price of 0.0005 BTC for BTC withdrawals. Additionally, the withdrawal price for other coins includes Ripple at 0.5 XRP per withdrawal, Litecoin at 0.001LTC per withdrawal, and Ethereum at 0.01ETH per withdrawal.
About the Company
Paritex cryptocurrency exchange was founded in 2019 in Turkey. The platform was founded by Ozgur Serkan Uslu. He studied at Ankara University. There is little information about him online, but he is believed to be a crypto and blockchain enthusiast. The team is also composed of experienced minds in finance, blockchain technology, and cryptocurrencies.
As of December 2022, the platform is inactive, as such, there is no available data for Paritex trade volume or other key metrics. The official website of the platform is also closed for maintenance purposes.
