Paribu (paribu.com) REVIEW, TRADING VOLUME AND PAIRS
Paribu is a large Turkish crypto-exchange, which is focused primarily on the domestic market of Turkey. The main feature of the platform is that it accepts deposits only in the Turkish Lira. Although there is little information about the Paribu platform on the Internet, as well as customer reviews, it is known that the platform reliably protects customers' funds by storing them on cold wallets.
The exchange is considered quite closed, and foreigners try not to register accounts on it. The interface is available only in Turkish, which limits the potential audience of the website. The paribu.com website contains links to official representatives in social networks, as well as a link where one can download the mobile application. The design of the web platform is made in an authentic style, but, unfortunately, only those who know the Turkish language will be able to evaluate its functionality.
Features of exchange
The official website paribu.com offers traders up to two dozen coins that are available for purchase, including the popular BTC, XPR, and ETH, as well as the lesser-known Ravencoin, Stellar and NEO. All trades are conducted in the Turkish fiat Lira. The trading commission fee is one of the highest in the industry and is 0.3% for the market maker and 0.4% for the market taker. But given that the exchange has taken its niche and has become a kind of Turkish financial gateway, offering to trade in pairs with the Lira, such a bet is justified by the lack of competition.
There is no margin trading option on Paribu. Therefore, for aggressive trading, it is better to find a more suitable platform. Another unpleasant feature of the exchange is that to sign up you need to specify a phone number. Therefore, customers who would like to maintain anonymity do not register here.
At the time of writing, the volume of daily trading on the Paribu exchange is a little bit over 10 million dollars. At the same time, the lion's share of customers are residents of Turkey, who use a profitable financial gateway for direct exchange of the Turkish Lira for Bitcoin and other cryptocurrencies. Interest from foreigners in the project is limited, and experienced investors look at the exchange with skepticism, as they consider the project too young to be able to safely hold large sums here. Considering few comments available on the Internet, one can say that the exchange has not proved its safety for users, remaining protected only on paper.