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Businesses and private individuals are always looking for new and better ways to invest their funds to grow their wealth. Right now, cryptocurrency ranks among the best investment options out there. Although Bitcoin is the most popular and most widely-known crypto coin, others such as Ethereum have come onto the scene giving potential investors more options. So, just how should you go about investing in Bitcoin? This article looks into the best ways, how to buy Ethereum in Turkey so that you will have an easy time investing in the coin.
Understanding Ethereum
Ethereum is a decentralized blockchain (or smart contracts) platform that allows developers to create and launch decentralized applications. The native token of this platform is called Ether. However, it’s common for people to refer to the network’s token as Ethereum, and this name for the coin has stuck and come to be used across various crypto exchanges and other online platforms. Therefore, Ethereum is the network’s (blockchain’s) name, and Ether is its token’s name, but the two names are commonly used interchangeably.
Buying Ethereum in Turkey
To take advantage of the lucrative cryptocurrency trade, you will need to know how to buy Ethereum in Turkey, especially if you’re new to the crypto world. You can buy ETH using fiat currency like Turkish Lira and USD or convert other digital coins, like Bitcoin, to Ethereum.
How to Buy ETH Through a Crypto Exchange in Turkey?
Although you can buy cryptos such as Bitcoin, Ethereum, and others using a number of different methods, buying from a crypto exchange is one of the safest, most convenient, and easiest ways. The good news is that if you’re wondering how to buy Ethereum in Turkey, many exchanges can allow you to buy the coin with a fiat currency such as USD.
Before settling on the specific exchange to buy crypto from, you should check the fees they charge for the service. Also, compare their various features, especially the ease of use and customer service.
Here are some of the general steps when buying ETH with fiats in Turkey:
1. Open an account with an exchange that offers Ethereum
Although you can buy ETH in Turkey from several exchanges, only a few allow users to use Turkish Lira (TRY) to pay for digital currencies. You could have your fiat currency in USD, which is accepted by one of the leading exchanges in Turkey, NakitCoins. To open an account with an exchange, you need to submit your name, mobile number, email address, proof of ID, and residency. And for increased security, you should activate two-factor authentication.
2. Deposit money into your account
Once your account has been opened and is active after verification, you need to log in to deposit funds using one of the provided deposit options.
3. Purchase ETH
When the money hits your account, you can buy Ethereum, and you do this by choosing the amount of ETH you want to purchase or the amount of USD you wish to convert to Ethereum. Before confirming the transaction, check all the details are correct and then click.
Conclusion
Are you searching for “How to buy Ethereum in Turkey?” You can use one of the many exchanges in the country to acquire digital currency. You can even walk into one of the offices of NakitCoins, one of the top Turkish exchanges, and use USD to buy ETH fast, conveniently, safely, and without any limits.
