A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Paribu consists of four parts: general information, fees, deposit methods and security.
Paribu is a Turkish cryptocurrency exchange. Turkey has a surprisingly large number of cryptocurrency exchanges. Bithesap is one of them, but there are many many more. To our understanding, only Turkish individuals and companies (or at least only people with access to a Turkish cell-phone number) can create an account at this exchange.
US-investors may not trade on this exchange. So if you are a US-investor and want to trade at Paribu, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
The exchange is also avialable as a mobile application if you would prefer that instead of using the platform at your desktop. You can download the app on both App Store and Google Play free of charge.
Paribu Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. In spite of a lot of attempts, we have not been able to acquire a view of the trading interface at Paribu. We apologize for any inconvenience this may cause.
Paribu Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
Paribu’s trading fees for takers is 0.40%. This fee is above the industry average. The industry average is arguably around 0.25%. Makers enjoy a slight discount on the trading fee and they trade with a trading fee of 0.30%.
One should consider whether Paribu has a strong offering to investors in other respects that outweighs the disadvantage of these somewhat higher trading fees.
This exchange only offers trading in Bitcoin. If you would prefer a coin exchange with a more extensive selection of trading pairs, we recommend you to use our Exchange Finder to find the right exchange for you.
Paribu Withdrawal fees
Paribu charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average.
Paribu offers wire transfer as a deposit method, but you can’t deposit via credit card. The only fiat currency that you can deposit is the TRY (Turkish Lira), and this essentially excludes all investors save for Turkish investors from participating in the trade at this exchange.
This exchange’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
Finally, the exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):