EXCHANGE

Narkasa.com Exchange Review: Bitfront Is Safe & Secure Exchange

Narkasa Exchange Review

7.3

CURRENCY VERITY

6.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

8.0/10

DESIGN

7.5/10

Pros

  • - Authenticator and SMS 2FA options
  • 24/7 Customer Support

Cons

  • Not Accept Debit & Credit Card
  • No Live Chat Option

About Narkasa.com

Narkasa.com cryptocurrency exchange is launched in Jun 2020. Registered in Istanbul chamber of commerce as Narkasa Yazılım Ticaret A.Ş under the registration number 184965-5 and a capital of 5,000,000.00 Turkish Lira.  Narkasa ensures both professional and new users a fast and secure way to trade in cryptocurrency, on a user-friendly platform that was established using the latest technology and world standards.

The security of personal information and assets is of top priority to Narkasa thus, they aim to serve you with the highest level of security standards that are subjected to periodic audits by independent international audit companies. Narkasa cryptocurrency exchange platform; offers services through websites, IOS and Android applications using an API supported algorithmic trading.  Narkasa operates in accordance with the laws of the Republic of Turkey as well as AML/CTF and KYC  policies. 

ExchangeDetails
Exchange NameNarkasa.com
Exchange TypeCryptocurrency
Withdraw Fee0.0003 BTC
Deposit FeeFree
Taker Fee 0.217%
Maker Fee0.164%
Support24/7
 Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Narkasa Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book.

Narkasa charges what we call flat fees, meaning that both the takers and the makers pay the same fee. In this case, that fee is 0.20%. These flat fees are quite in line with, or slightly above, the global industry averages for centralized exchanges. In the largest and most recent empirical study performed on industry average crypto trading fees, we found that the industry average spot trading taker fee was 0.217% and the corresponding spot trading maker fee was 0.164%. Here, as you recall, they are both set at 0.20%.

Consequently, Narkasa’s trading fees are slightly below average for the takers and a bit higher than average for the makers.

Narkasa Withdrawal fees

This exchange charges a withdrawal fee amounting to 0.0003 BTC when you withdraw BTC. This fee is substantially below the industry average, which was 0.000643 BTC per BTC-withdrawal the last time they made an empirical study (report available here).

Accordingly, the withdrawal fees here are an edge against Narkasa’s competitors in the crypto exchange industry.

Deposit Methods

In addition to depositing cryptocurrency to the platform, Narkasa also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card).

Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Commissions

CoinMarket
USDT%0,2
BTC%0,2
LINK%0,2
ETH%0,2
HOT%0,2
BTT %0,2
CHZ %0,2
XRP%0,2
UNI%0,2
1INCH%0,2
TRY%0,2

Narkasa Mobile Application

Narkasa ensures both professional and new users a fast and secure way to trade in cryptocurrency on a user-friendly platform that was established using the latest technology and world standards. The developer, Narkasa Yazılım ve Ticaret A.Ş., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display.

However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that Narkasa’s trading platform is also available as an app. You can download it to/from both the AppStore and Google Play.

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