Review of the Pariboud exchange
Paribu is a centralized exchange that occupies #122 on Guru InvestingExchange Tracker. Pariboud has a trading volume US$144,026,047 in the last 24 hours and US$47,728,264,742 in the last 7 days.
Pariboud currently has 144 cryptocurrencies, 1 paper currencies and 152 markets (cryptocurrency trading pairs). The most popular trading pair on Pariboud is USDT/TRY.
Compare Pariboud next to other exchanges here: Exchange comparison tool.
Paribu cryptocurrency exchange is centralized cryptocurrency exchange (CEX) based in Istanbul, Türkiye. It offers 24/7 fast buying, selling, depositing and withdrawing services, as well as an infrastructure suitable for high volume transactions.
Since the Paribu crypto exchange is a CEX, a potential user needs to complete KYC identification is positive. You must provide your first name, last name and identification number. Personal information must be provided completely and correctly, and all information must be written exactly as it appears on your identification document. User’s personal information is stored encrypted and will never be shared with third parties, nor can it be used for any purpose other than verifying your account.
Paribu services are not officially restricted in other countries. However, The main target of this exchange is Turkish citizens or people living in Turkey and speaking Turkish. To proceed with KYC identification, a Turkish phone number is required.
In addition to its easy-to-use website, the Paribu cryptocurrency exchange offers mobile trading application with good user experience. Information about the volume of a specific Paribu token is provided through the interface. However, both platforms – website and mobile application – are only available in Turkish.
Markets
The uniqueness of the Paribu cryptocurrency exchange is that it only supports trading of fiat cryptocurrencies. On the exchange, users can find 97 assets and 107 trading pairs Paribu.
All leading trading pairs by volume are pegged to Turkish Lira (TRY). currently there is no cryptocurrency trading for cryptocurrency couples, except with Tether (USDT) – a stablecoin directly linked to the US dollar. Unlike Paribu spot trading, derivatives, margin or leverage transactions are not available. Since Paribu does not support cross-cryptocurrency trading, it also does not have its own currency.
In a relationship Paribou exchange fee, they are grouped into separate tires based on trading volume in Turkish Lira. The commission also varies depending on the party involved in the transaction. A manufacturer whose order exists on the order book before the trade pays a lower commission because it provides liquidity to the market. The buyer removing liquidity by placing an order matching the maker’s order pays a slightly higher commission.
Paribu’s cryptocurrency commissions are determined based on trading volume over the last 30 days. The daily volume is calculated automatically at 00:00 every day. Maker fees range from 0.01% to 0.25%, and taker fees range from 0.1% to 0.35%.
All prices for Paribu cryptocurrency are paid in Turkish Lira. If the user wants to deposit funds into their account, they can do so via transfer from his bank account or Papara.
other services
This exchange provides a feature called open orders. The transaction can only be completed if the user satisfies the offer at the requested price. If a user’s buy/sell order does not match the requested price, the order will hold the position at the specified price. Open orders continue to be held at the specified price until they are filled or cancelled.
About company
The Paribu cryptocurrency exchange was founded in Turkey in April 2017 by a team of highly qualified developers led by Yasin Oral. As the volume of cryptocurrency investments and activities in Turkey has increased significantly, Paribu has become the market leader in a significantly short period of time. In December 2017, Paribu volume reached 5800 BTC. In March 2021, the exchange ranked third in the world with a transaction volume of $1.5 billion.
Pages related to Pariboud
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
