Last Updated on March 19, 2024 by newseditor
Turkey’s crippling double-digit inflation rate and economic hardships have made digital assets a lifeline for many. It’s possible that the Turkish government has been lenient toward cryptocurrency and blockchain technology in general because of their widespread use and the political ramifications of alienating millions of users. Below, we explore key details on how you can buy NFT in Turkey.
How Can You Buy NFT in Turkey?
Numerous NFT marketplaces offer a straightforward way for people to buy NFT in Turkey. Below, we share insights on some of the best NFT marketplaces you can check out.
Magic Eden
Magic Eden is an NFT marketplace that operates on the Solana blockchain, and it was introduced in September 2021. On the platform, users can purchase, mint, and sell NFTs. In addition to having minimal transaction fees, Magic Eden does not charge creators to list NFTs. Magic Eden offers enthusiasts a means to buy NFTs in Turkey.Â
OKX
The decentralized OKX NFT Marketplace allows users to create, collect, and exchange unique NFTs. For both new and seasoned traders looking for a dependable and feature-rich platform, OKX stands out as the perfect option due to its user-friendly interface and affordable fees. The exchange recently announced that trading pairs denominated in Turkish Lira are now available on OKX.TR, a localized version of the platform, in Turkey. Anyone looking to buy NFTs can check out their NFT marketplace platform to explore their NFT collections before buying them.Â
How Can You Use Cash To Purchase Crypto For Buying NFTs In Turkey
When you want to buy NFTs, you will need cryptocurrency to perform the transaction. There are numerous ways to buy crypto, one of which is through the use of cash.
Some Turkish cryptocurrency users buy and trade with fiat money, PayPal, debit or credit cards, local bank transfers, SWIFT and SEPA transfers, and altcoins (post-Bitcoin cryptocurrencies like Ethereum, Tether, and Dogecoin). In Turkey, purchasing cryptocurrency using cash is still common, even with all of these payment options.Â
Bitcoin ATMs
Bitcoin ATMs are one place in Turkey where you can purchase and trade cryptocurrency with cash. They are spread across various important Turkish cities. To locate the closest Bitcoin ATM that offers the cryptocurrency of your choice, you can use a well-known maps app on your phone. It is important to remember that not all cryptocurrency coins are supported by Bitcoin ATMs in Turkey, nor do they all permit cash cryptocurrency purchases.
Takeaways
Turkey’s economic difficulties have created opportunities for financial resilience due to the adoption and accessibility of digital assets like NFTs. Users can easily navigate the NFT market in Turkey due to the abundance of platforms and payment choices accessible, which helps to promote the wider adoption of blockchain technology in Turkey.
