Binance TR is the local cryptocurrency exchange of Binance, which has investors from all over the world, specially created for Turkish investors.
What is Binance TR?
Binance, the largest cryptocurrency exchange, is known as the largest cryptocurrency exchange preferred by investors from all over the world. It was founded by Changpeng Zhao in 2017. Chinese-born Zhao is a software developer and has helped Binance grow in a short time. Leading among the top cryptocurrency exchanges, Binance lists around 400 cryptocurrencies. Binance attracts the attention of investors with its various cryptocurrencies and high volume. Thanks to its high volume, investors can quickly sell a cryptocurrency at the desired price. There are a lot of Binance users in Turkey as well. For this reason, a domestic exchange called Binance TR was created.
One of the most important issues when investing in cryptocurrencies is stock markets. Exchange selections are important in trading, withdrawals and deposits. Binance TR is a cryptocurrency exchange in Turkey that allows cryptocurrency investors to trade cryptocurrencies easily and quickly. It is defined as the Turkey leg of Binance, one of the largest cryptocurrency exchanges. It offers fast and easy solutions for Turkish investors in trading cryptocurrencies.
Binance is a cryptocurrency exchange that serves millions of users around the world. It is also defined as the largest exchange in terms of trading volume. It is stated by many to be a safe money exchange because it has millions of users and is reliable against attacks. It is stated that Binance TR is a secure platform as it is a Binance-based money exchange. Many people use Binance TR because it provides fast money transfers. Binance TR works with Ziraat Bank and VakıfBank in Turkey. Binance TR users who want to trade can transfer to Binance TR via the bank channel and then transfer to Binance if they want to switch to the Binance main platform. It is also possible to trade in Turkish Lira or USDT, USDC, which corresponds to dollars, on the platform.
Binance TR and Binance Differences
Binance is a global cryptocurrency exchange. For this reason, it has diversified with different names in many countries. Binance TR was launched in September 2020. The main difference of Binance from Binance TR is that it serves the whole world. Binance lists many cryptocurrencies, as it is a global cryptocurrency exchange. However, Binance TR cannot accommodate a wide variety of cryptocurrencies due to being a local entity. While leveraged transactions are not possible on Binance TR, Binance allows leveraged transactions. For this reason, users generally use Binance TR for withdrawal and deposit purposes. In addition, Binance allows many positive transactions that are not available on Binance TR. For this reason, top traders often use Binance.
