• Bitfinex Turkey has partnered with local banking giant Vakıfbank to offer zero-cost deposits for the Turkish Lira (TRY).
• Customers will also access no-fee withdrawals for up to 2 million TRY.
• Bitfinex customers in Turkey can now deposit the local currency Turkish Lira (TRY) directly from their bank account at zero cost.
Bitfinex Introduces Zero Cost Deposits for Turkey Customers
Bitfinex Turkey has partnered with local banking giant Vakıfbank to offer zero-cost deposits for the Turkish Lira (TRY). Customers will also access no-fee withdrawals for up to 2 million TRY. Bitfinex customers in Turkey can now deposit the local currency Turkish Lira (TRY) directly from their bank account at zero cost.
No Fees For Deposits & Withdrawals
The crypto exchange said in a blog release on Thursday that Bitfinex Turkey would offer this service in partnership with Vakıfbank, one of Turkey’s largest banks. Support for zero-cost deposits is available effective immediately via the Bitfinex Turkey web platform and mobile app. As well as no cost TRY deposits, the exchange has announced a six-month promotion offering reduced fees for the TRY/USDT pair. It also supports zero-fees withdrawals for up to 2 million TRY.
Partnership With Vakifbank
Per the announcement, support for zero-cost deposits is available effective immediately via the Bitfinex Turkey web platform and mobile app. As well as no cost TRY deposits, the exchange has announced a six-month promotion offering reduced fees for the TRY/USDT pair. It also supports zero-fees withdrawals for up to 2 million TRY. These steps are likely part of a strategy to expand the exchange’s presence in the Turkish market as Binance currently dominates this market, while other competitors include Bitget and OKX which announced plans to enter into Turkish market earlier this year .
Reduced Fees On Trade Pairs
To promote its services even further, bitfinex turkey offers reduced fees on trade pairs such as try/usdt and free withdrawal upto two million tl per transaction . This feature was made available through integration with vakifbank , one of turkey’s largest banks .
Conclusion
Overall , bitfinex turkey offers an attractive deal with free deposits and withdrawls upto two million tl per transaction along with reduced fees on trade pairs such as try/usdt . This move could help increase bitfinexs presence in turkish crypto marketshare and generate more volume going forward .