Paribu is a cryptocurrency exchange established in 2017, headquartered in Turkey. It supports trading fiat/cryptocurrency pairs, and input/withdrawal of funds in both fiat and crypto. Paribu accepts deposits in Turkish lira (TRY), making them an entry-level service.
Paribu offers the following trading tools:
- Crypto Wallet: It is possible to store Bitcoin on an account in Paribu.
- Trading with the use of one fiat currency - TRY: a feature because of which this exchange is not suitable for everyone. This is not a downside of a crypto exchange. Most likely, this is a choice made by the exchange's developers.
- No margin trading: Margin trading is not available on the exchange, which should be expected from an entry-level exchange. This crypto platform provides trading opportunities only with Bitcoin. If you prefer a trading platform with a wider selection of trading pairs, we recommend that you use our Exchange Finder to find the right exchange for yourself.
- Paribu Mobile Support: Sharing is also available as a mobile app, if you prefer it, instead of using the platform on your desktop. You can download the app for free in both the App Store and Google Play.
Each transaction takes place between two parties: a maker whose order exists in the order book prior to the deal, and a taker who places an order that matches (or “accepted”) with the maker's order. Manufacturers are so named because their orders provide liquidity in the market. The takes are those who remove that liquidity by matching producer orders with their own.
Paribu trading fees for takers are 0.35%. This is above the industry average. The industry average is about 0.25%.
Manufacturers get a small discount on trading fee, and they trade with a 0.25% fee.
Paribu charges a withdrawal fee of 0.0005 BTC when you withdraw BTC. This levy is below the industry average.
Paribu also offers bank transfer as a deposit method, but you can't make a deposit with a credit card. The only fiat currency you can deposit is TRY (Turkish lira), and this essentially excludes all investors, except Turkish investors, from participating in trading on this exchange.
All that is known about crypto-exchange security measures is that the digital assets of users are stored in physically secure stand-alone wallets.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.