Paribu Broker Review

A Brief Overview Of Paribu

Paribu is among the big crypto player in Turkey. The exchange is considered an entry-level exchange as it allows deposits in Turkish Lyra. If you are in Turkey, and you are looking for a place to buy Bitcoins, then Paribu is a great choice. Paribu supports an easy-to-use interface making it easy to buy and sell Bitcoin.

Available Assets and securities

Although the exchange doesn’t offer a very wide variety of digital assets, most of the popular coins are available for purchase. Here are some popular options:

• Bitcoin
• Bitcoin cash
• Ethereum
• Litecoin
• USDT
• NEO
• Ripple

Fees

The fees at FoxBit are relatively high, and they operate on a maker-taker pricing model. Here is the breakdown of their trading fees.

30-day volume                                   Maker            Taker

0 – 100,000                                         0.25%              0.35%

100,000 – 1,000,000                           0.15%              0.15%

1,000,000 – 5,000,000                       0.10%              0.15%

5,000,000 – 10,000,000                       0.05%              0.10%

10,000,000 +                                       0%                   0.10%

To withdraw BTC from the platform, you will incur 0.0005BTC, which is considered fair and below the industry’s standard.

Customer Support

Their support team is fast to respond to the customer’s issues. You can send them a mail via destek@paribu.com, you can alternatively reach them on their facebook page or their Twitter handle.

Pros

• Accepts banks deposits
• Offers wallets
• Cold storage for your bitcoins

Cons

• Focusses on the Turkish market
• All trading is vs. Turkish Lyra

Verdict

Paribu offers mostly BTC/TRY trading; the limited variety of assets makes it suitable for only beginners. However, the exchange is relatively new and with no proven record