Istanbul is a big city in Turkey with a thriving crypto economy. Local and foreign investors prefer to invest in digital assets here because the factors are favorable. The major reason is the presence of many secure online and physical exchanges to buy crypto in Istanbul.

Furthermore, you can easily find platforms to sell the crypto instantly, especially if you are an active trader. Some businesspeople also enjoy paying for goods with cryptocurrencies.

Unfortunately, buying crypto in Istanbul can be a bit more challenging if you do not have the right information pertaining to the exchanges in Turkey, regulations, and the volatility of the crypto. However, with the right information, you can easily buy crypto in Istanbul.

If you want to equip yourself with the right cryptocurrency information in Istanbul and Turkey at large, this article is right for you.

Reasons to Buy Crypto in Istanbul

There are many reasons people prefer to buy crypto in Istanbul instead of investing in other areas. These are also the main reasons why investors in the city may shy away from selling digital assets. Here are the top reasons:

• Political instability – The political status of Istanbul, and Turkey at large, is not very stable. As such, many traditional investments such as stocks and real estate are now less attractive. Many investors are rushing to buy crypto in Istanbul because digital assets are decentralized and not tied to any government or institution, and they see it as a safer alternative.
• Economic uncertainty -Turkey’s economy has been facing some challenges in recent years. Likewise, the global economy is not getting any better. The high inflation and fluctuating currency have led many investors to cryptocurrencies such as Bitcoin, Ethereum, and USDT, which are more stable. Cryptocurrency is highly decentralized in nature and has global reach, so it provides a hedge against these economic uncertainties.
• An interesting and secure technology – Another reason why many people want to buy crypto in Istanbul is to explore new and secure technology. According to locals in the city as well as foreign investors, this is an interesting financial technology that everyone should embrace.
• Lack of investment options – Has it come this far? Believe it or not, people in Istanbul want to buy crypto in Istanbul as an alternative investment option that is not currently available to them through traditional channels.
• High-interest rates in the country – The country’s high-interest rates make investing in cryptocurrency more profitable than keeping the money in a savings account. Many investors want to buy crypto in the city and save it to earn lucrative interests that go as high as 20%.

Methods of Buying Crypto in Istanbul

Whether you are a Turkish local looking for a better investment alternative or a foreigner in active crypto trading, you can buy crypto in Istanbul conveniently and securely today. Choosing the most convenient option is great.

Online cryptocurrency exchanges

The most common way to buy crypto in Istanbul is through online exchange platforms. These platforms allow you to buy, sell, and trade various cryptocurrencies using Turkish Lira (TRY) and international currencies such as the US dollar, Japanese yen, Euro, and British Pounds, among others. Others also allow binary trading where you can buy crypto using other crypto coins.

Some of the most popular exchanges in Istanbul include NakitCoins, Binance, LocalBitcoins, and CEX.io. The advantage of using an exchange is that they offer a wide variety of cryptocurrencies to choose from and they are easy to use on a computer or your phone. They also charge fair commissions for the services.

Physical Exchanges

Another great option to buy crypto in Istanbul is using over-the-counter (OTC) trading on a physical crypto outlet. This involves buying and selling crypto directly through the help of an agent. Physical exchanges are often used by large investors who want to buy or sell large amounts of crypto securely and without affecting the crypto market.

The benefit of buying crypto through a physical exchange in Istanbul is that it is faster and more private than using an exchange. But you need to find a trusted and reputable outlet with affordable commissions.

Bitcoin ATMs

Bitcoin ATMs are another way to buy crypto in Istanbul. These machines allow you to buy and sell Bitcoin and many other listed crypto using cash or other coins. They are easy to use and can be found in various locations around Istanbul. An online map will definitely help you find the nearest BTC ATM. The advantage of using a Bitcoin ATM is that it is easy, fast, secure, and affordable.

The Procedure to Buy Crypto in Istanbul

If you want to buy crypto in Istanbul for the first time, you will need a crypto wallet. This is a virtual folder to store your digital assets. Likewise, you will need fiat money to buy digital assets. As mentioned, Turkish exchanges and crypto platforms accept Lira and international currencies.

The other crucial step is to choose your preferred platform or option. We have mentioned the top options, but you can also consider buying from an individual that you know. Choosing a secure option is as essential as using an instant and affordable platform. Do your research well.

Buying a cryptocurrency of your choice in Istanbul is almost the same, just determine what asset you need, how much you need, and place your order.

Lastly, confirm that your digital assets are safe in your digital wallet. From here, you can wait for the crypto to appreciate before you sell, lend it out through an investor program, or use it to buy goods and services online.

Final Words

It is possible to buy crypto in Istanbul now that you have gone through this guide. One thing to note is that Turkey has numerous exchanges and platforms with different pros and cons. It may take a bit more effort to identify the best, but once you find one, you will enjoy it. You should consider one that is best for you based on your needs and preferences. All the best!

The post A Comprehensive Guide on How to Buy Crypto in Istanbul appeared first on Techie Buzz.

Solely in 2020, we can see that almost one in ten homes in the united states were not inhabited, or completely abandoned. Since they are not inhabited, chances of getting a much better price for one of these tend to rise significantly. Sometimes, this might be a one-of-a-kind opportunity for you to get a chance to do so.

In this day and age, good opportunities are almost instantly taken by someone. Not only that you will need to have all the information on it, but you should also be as fast as possible with making a decision. Sometimes, you will need to sell your property to buy one of these, and you can do that through a fast cash offer for home.

Now, let’s take a look at the pros and cons of purchasing abandoned property in this day and age.

Pros

First, we want to take a look at the positive side of this buying these.

1. Cheap Price

The biggest advantage of purchasing an abandoned property is that you’ll be able to get it for a low price. Naturally, the price is determined by the house and the property that surrounds it. It doesn’t matter if you’re looking towards purchasing a place for you to live, or you just want to flip it, you will see that buying one of these will help you amass a high profit.

Banks or individuals, who own an abandoned property tend to sell them as fast as possible. Of course, you cannot expect the price to be knocked down completely, but it is realistic to expect it will be much lower than it would be if someone lived inside the property, or it was used for something else.

2. Less Competition

Among the commonest advantages of buying these, you will find that the competition is not as steep as it may look at first. In fact, you will find that this will be the case in most situations. The reason why this happens is that most of the purchasers will be afraid of the hidden costs not seen at the first glance.

Not to mention that either renovating or building something from scratch on these properties usually takes a lot of time. Most people are not interested in doing something like this since they want a quick solution. Instead, they prefer purchasing houses that are equipped and that had previous vacant before they were sold.

3. Location

We all know that location is a major component that can determine a lot of things, including the price. Of course, it is more than clear that finding the proper location is not an easy thing to do, even when it comes down to abandoned properties. But when you do find it, the location can be easily one of the most important advantages out there.

It is more than clear that this sort of property does not cost much. So when you can find the proper location, and renovate the place, then you can expect its price to rise significantly in the future. Therefore, it is more than clear you can expect massive profits if the location is the best one you can find.

Even if you are not looking to flip the property immediately, and you’re looking towards having a home for yourself, then the importance of location becomes even clearer. In both cases, you shall find a location to be a key component, no matter what your intentions are.

Cons

Now, we want to check out the most important cons.

1. Paperwork

Paperwork is by far the biggest headache someone can experience during renovation, and it is important to say that this paperwork also costs. Also, depending on your country can be quite complicated, which leads to higher costs in the future.

If you are in a foreign country, the paperwork can become even more complicated. In any case, we are talking about one of the most challenging aspects out there. Not to mention that there are some parts of the paperwork that require much more effort and patience on your behalf. Not each paper you get will come easy.

2. Lack of Storage

Lack of storage is possible in situations where you are buying an old house. As we all know, older ones are usually smaller than new ones, and this can mean a lack of storage. At first, this might no look like a problem for you. However, you might see that it might become quite a big one over time.

Think about it, people didn’t need as much storage as we need today. For instance, they didn’t have as many clothes, and they weren’t always able to store a lot of food at the same time. If you do not have a solution to the problem of the lack of storage, then you should avoid purchasing that particular property.

3. Hidden Costs

We’ve already mentioned the potential issue of hidden costs when buying abandoned properties and pointed out that many people are hesitant to buy for this reason. Therefore, you can see that this is an aspect that can cause a lot of problems down the road, especially if you are not aware of what these hidden costs can be.

For instance, it can happen that the foundation of the house is not in the best possible shape. If you haven’t noticed that, it means that you will need to invest a lot of additional funds before you can reach the proper levels of quality for your home.

Summary

Purchasing an abandoned property doesn’t have to be as big of a mystery as it may seem at first. Here, we’ve provided you with both sides of the coin when it comes to buying these.

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