ICRYPEX
🏆 Arbi.TEAM 1/10
📋 Basic information
📊 Trading statistics
📖 About exchange
Icrypex
Turkish cryptocurrency exchange
Basic Information
| Founded | 2018 |
| Country | Turkey |
| Type | Centralized (CEX) |
| Trust Score | N/A |
| Rank | N/A |
| 24h Volume | N/A |
| Coins | ~80 |
| Pairs | ~100 |
History
Icrypex was founded in 2018 in Turkey and is one of the notable Turkish crypto exchanges. The platform was created to serve the local market, characterized by high demand for cryptocurrencies due to high Turkish lira inflation.
In 2019 Icrypex obtained a license from Turkey's Banking Regulation and Supervision Agency. The exchange offers spot trading, staking, and fiat-to-crypto exchange services.
Icrypex actively partners with local banks for deposits and withdrawals in Turkish lira. The platform primarily targets Turkish users but is also available to international clients. In 2023 the exchange expanded its list of supported cryptocurrencies.
Key Features
Turkish License
License from Turkey's banking regulator.
TRY Fiat Pairs
Trade crypto for Turkish lira.
Bank Transfers
Deposits and withdrawals via Turkish banks.
Spot Trading
Basic set of cryptocurrency pairs.
Staking
Earn yield on supported assets.
Mobile App
iOS and Android application.
Trading Fees
| Operation | Fee |
|---|---|
| Spot Trading (maker) | 0.10% |
| Spot Trading (taker) | 0.20% |
| Card Purchase | 1–3% |
| Crypto Deposit | Free |
| Crypto Withdrawal | Network dependent |
Security
Icrypex uses cold storage and two-factor authentication. Turkish regulation requires the exchange to comply with security and reporting standards. The exchange has not reported any hacks. Reserve transparency is at a basic level.
Geography & KYC
The exchange is registered in Turkey. KYC is mandatory. Turkish citizens can verify with Turkish ID. International users can verify with a passport. Russian users are permitted. The US and some other countries are restricted.
Pros & Cons
Pros
- Turkish regulator license
- TRY fiat gateways
- Clear local service
Cons
- Turkey-focused
- Moderate liquidity
- Limited coin selection for international users
User Reviews
Turkish users highly value direct bank transfers in lira. International users note limited functionality compared to global exchanges. The exchange has a good reputation in the Turkish crypto community.