Narkasa Crypto Exchange Review: It Is Good Or Bad?

About Narkasa Crypto Exchange

Narkasa Crypto Exchange is launched in Jun 2020. Registered in Istanbul chamber of commerce as 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 Crypto Exchange 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.  They operates in accordance with the laws of the Republic of Turkey as well as AML/CTF and KYC  policies. 

Narkasa Exchange Basic Points

How To Start ?

How To Sign Up At Narkasa Crypto Exchange ?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Narkasa Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Narkasa Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

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

Narkasa Crypto Exchange 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 competitors in the crypto exchange industry.

Deposit Methods

In addition to depositing cryptocurrency to the platform, Narkasa Crypto Exchange 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.

Protection from DDOS attacks.

Narkasa Crypto Exchange systems are protected by DDOS attack protection systems that are activated automatically in order not to prevent the system from slowing down or system interruptions.

The backed up data is encrypted, stored and compressed in geographical redundant systems.. All software infrastructure of Narkasa systems are backed up daily.