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 Cryptocurrency Exchange 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 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.
How To Start With Narkasa.com
To Start Trading With Narkasa.com Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Narkasa.com Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Narkasa.com .
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 Cryptocurrency Exchange charges what they 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, they 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.com 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.
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.
Narkasa Mobile Support
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 Cryptocurrency Exchange trading platform is also available as an app. You can download it to/from both the AppStore and Google Play.
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