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10 Best Crypto Exchanges In Turkmenistan In 2024

Posted by Larry Peter 25/09/2024 21 Min Read
10 Best Crypto Exchanges In Turkmenistan

In this article, I will discuss the best crypto exchanges in Turkmenistan and highlight their unique features and benefits.

As the cryptocurrency market grows, selecting the right platform is crucial for secure and efficient trading.

Explore the top exchanges to enhance your trading experience in Turkmenistan.

Key Points & Best Crypto Exchanges In Turkmenistan List

PlatformKey Features
BinanceLarge selection of cryptos, staking, futures, margin trading
CEX.IOInstant crypto purchases, staking, margin trading
PaybisFast crypto purchases, no deposit fees
KrakenHigh security, futures trading, staking
CoinmamaSimple crypto buying, no wallet services
WirexCrypto and fiat card, cashback rewards
BitvavoExtensive range of altcoins, advanced security measures
PaxfulPeer-to-peer trading, flexible payment options
AscendEX Peer-to-peer marketplace, escrow system
ChangellyInstant crypto swaps, easy-to-use interface

10 Best Crypto Exchanges In Turkmenistan

1. Binance

One of the best Cryptocurrency exchanges in Turkmenistan, Binance, provides its users full access to various cryptocurrencies, low fees, and features such as futures and staking.

Binance Best Crypto Exchanges In Turkmenistan

It is safe to say that Binance is widely used in Turkmenistan due to its reliable platform, high liquidity, and numerous ways of depositing and withdrawing funds.

Pros And Cons Binance

Pros:

  • A Large Number of Cryptocurrencies: The platform supports over 350 cryptocurrencies, which many people, including beginners and expert traders, appreciate.
  • Low Trading Fees: Beneficial to active traders and investors, here is an example of how cheap the fees are at Binance: only 0.1% standard trading fees are applicable with no minimum trading volume requirements.
  • Various Trading Options: Binance controls futures trading, margin trading, and staking, which is for users who want more than ordinary trading. Asset trading is not enough.

Cons:

  • Legal Issues: Binance has been the subject of several legal issues in several countries, implying that the user might, in the future, be unsure where to access the benefits of services.
  • Ineffective for New Users: The platform has so many features and trading options that it can be intimidating for beginners. Affordability is possibly the least friendly aspect for newbies of the cryptocurrency platform.
  • Limits On Withdrawals: Binance limits withdrawals on unverified accounts, which can be frustrating to those who would prefer to stay anonymous or traders who want to make a more extensive trade but are not ready to go through the verification process.
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2. CEX IO

CEX.IO is among the top crypto exchanges in Turkmenistan. It is an excellent platform for customers as it allows for the immediate purchase of cryptos, provides staking, and offers margin trading.

CEX IO Best Crypto Exchanges In Turkmenistan

They accept a variety of payment options, making it easy for Turkmenistan customers to safely and conveniently purchase and trade currencies.

Pros And Cons CEX IO

Pros:

  • Ease of Use: CEX.IO’s design is simple and easy to understand, a plus for novices embarking on cryptocurrency trading.
  • Several Payment Options: The system allows users to fund their accounts using various payment methods, including credit /debit cards, wire transfers, and e-wallets.
  • Staking and Margin Trading: Accounts are subject to several enhancements, such as staking and margin trading, which allow them to earn rewards on their holdings and engage in higher-risk investments, which, in turn, can lead to higher returns.

Cons:

  • Fees Are More Often Than Not More Expensive: CEX.IO is known to have higher costs than other exchanges, which may disadvantage low-cost, frequent traders.
  • Limited Number Of Cryptos Available: Nonetheless, CEX.IO facilitates some popular cryptos, but its collection is more restricted than that of more extensive exchanges, e.g., Binance. Therefore, some traders might not expand more.
  • Restricted withdrawal limits for non-verified accounts: Unverified accounts have too many withdrawal limits, hamper users from quickly obtaining their funds without being verified.

3. Paybis

Paybis is one of the best crypto exchanges in Turkmenistan. It allows fast and easy cryptocurrency purchases without deposit fees using various payment methods, including credit cards and wires.

Paybis Best Crypto Exchanges In Turkmenistan

A convenient interface, rapid operations, and several national currencies make Paybis perfect for Turkmen crypto buyers.

Pros And Cons Paybis

Pros:

  • Fast Transactions: Through Paybis, users can effectively make purchases in cryptocurrencies in a very short time. Users can get bitcoins and other currencies almost instantly without waiting through many verification procedures.
  • Multiple Payment Options: These platforms offer various payment methods, including credit or debit cards, e-wallets, and bank transfers.
  • User-Friendly Interface: Paybis has a very friendly, simple-to-navigate interface, which is convenient for novices as well as expert dealers who wish to make purchases easily.

Cons:

  • Higher Fees on Purchases: Paybis has also been charging a high transaction fee compared to other exchanges, which may not please users oriented toward cutting costs.
  • Limited Cryptocurrency Selection: Paybis offers limited services when it comes to purchasing popular cryptocurrencies compared to large-scale exchanges, which can constrain some users when trading.
  • No Advanced Trading Features: The company deals with customers who want to purchase and sell currencies, and there are few advanced features, like futures or even margin trading, that other companies include within the trading platform.

4. Kraken

Kraken is labeled as one of the best crypto exchanges in Turkmenistan. However, Kraken operates as a reasonably versatile trading platform.

Kraken Best Crypto Exchanges In Turkmenistan

It features decent security, numerous crypto assets for trade, and advanced trading tools such as futures and staking options.

Kraken provides its services to users in Turkmenistan with fair fees, good liquidity, and dependable customer service.

Pros And Cons Kraken

Pros:

  • Very Good Terms of Security: Security is essential at Kraken, so users are secured by all the available security methods, such as two-factor authentication (2FA) and cold storage of funds.
  • The Platform Supporting Many Cryptocurrencies: The platform is ready for over 200 crypto assets with several trading and investment opportunities for its users.
  • The Platform Is Tailored to Experienced Traders: Kraken offers professional users specialized features for margin trading, futures trading, and several other advanced trading modes.

Cons:

  • Selling Completes, While Few Withdrawals Are Charged: Kraken charges some withdrawal fees on selected digital currencies, which users looking to buy and move their currency may increase their trading overhead costs.
  • There Have Been Reports of Down Time from the Users’ Side: Many users have occasionally reported some downtimes in the system during peak trade times, which is rather frustrating for those traders who require making transactions in the shortest time possible.

5. Coinmama

Coinmama falls under a few of the most verified crypto exchanges in Turkmenistan.

On Coinmama, users can easily purchase digital currencies using a credit card or a bank transfer.

Coinmama Best Crypto Exchanges In Turkmenistan

Coinmama’s reputation for ease of use makes it ideal for novices looking to buy Bitcoin and other major cryptos in Turkmenistan without any intricacies.

Pros And Cons Coinmama

Pros:

  • Convenience of Purchase: Coinmama’s purchase procedure is very convenient. There are only a few steps of registration and no complications in the verification requirement prior to the purchase of the cryptocurrency.
  • More Tokens Can Be Bought in a Single Transaction: Users wishing to buy cryptocurrencies on Coinmama can make much higher purchases without making several purchases.
  • There are Many Payment Options: The platform offers many payment methods, especially credit and debit cards and bank transfer options.

Cons:

  • Fees Charged—High: Transactions through Coinmama incur a geographically elastic high fee basis, which may not be well-suited to high-frequency traders or low-trading-value users.
  • Only the Major Coins on the Platform: The platform is also limited in applications, as it focuses primarily on significant crypto coins, which might not meet the demands of bargain seekers in the crypto world.
  • No wallet services: There are no wallet services on Coinmama, so the purchased cryptocurrencies will have to be kept in an outside wallet—another aspect that adds a little bit of complication to the equation.
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6. Wirex

Wirex is the top cryptocurrency exchange in Turkmenistan. With the addition of a crypto debit card offering cash back, Wirex makes it extremely easy to purchase and spend crypto.

Wirex Best Crypto Exchanges In Turkmenistan

Having hosted free-of-charge exchanges in various currencies, Wirex is a perfect solution for the crypto audience in Turkmenistan.

Pros And Cons Wirex

Pros:

  • Cryptography – Crypto Debit card: Every Wirex customer can obtain the unique Wirex crypto debit card and spend any bitcoins making regular purchases where credit card transactions occur.
  • Optionally earn cashback and rewards: All transactions with the Wirex card earn a certain percentage back, making it an excellent instrument for spending cryptocurrency.
  • Bicontinental currencies can be created and written to an Address. Wirex also suggests extremely flexible services because They allow users to transact in several digital and standard currencies.

Cons:

  • Currently Supported Cryptocurrencies are Few: Even though it’s possible to store more than five different digital coins, the choices that people can utilize with Wirex are relatively limited and can be noticed as some users want to.
  • It has Fees for making Withdrawals: Some withdrawal transactions attract fees from Wirex, given that such fees apply to several users with regular transactions.
  • Limited Access in Different Countries. Certain countries have a limiting regulatory landscape within which Wirex operates. Therefore, depending on where they are based, some people may be unable to use certain services and features of the system.

7. Bitvavo

Turkmenistan ranks Bitvavo among the best crypto exchanges. Bitvavo offers a perfect combination of low trading costs and a vast selection of cryptocurrencies.

Bitvavo Best Crypto Exchanges In Turkmenistan

It has excellent security features and an easy-to-use interface, making it a preferred spot for beginners and advanced pro investors who want to trade cryptocurrency assets.

Pros And Cons Bitvavo

Pros:

  • Low Trading Fees: Bitvavo’s trading fees are low, which is one reason it has many users who trade often and want to cut down on trade costs.
  • User-Friendly Interface: The platform’s interface is very simple and, therefore, caters to all levels, whether a beginner or a professional, making trading easier.
  • Wide Variety of Cryptocurrencies: Bitvavo supports a wide array of cryptocurrencies, so users can also seek and use other digital currencies.

Cons:

  • Lack of Deposit Options: Bitvavo only accepts a bank transfer as the primary deposit option, which is not advantageous for those seeking several options.
  • Lack of Advanced Trading Tools: Certain advanced features, such as margin trading, advanced charting, and other tools, are pretty familiar with online trading platforms, but this platform does not have them.
  • Geo Restrictions: Depending on the client’s region, Bitvavo may also experience legal restrictions limiting the services or functionality offered.

8. Paxful

Paxful is one of the best crypto exchanges in Turkmenistan. It is a peer-to-peer exchange where people can trade bitcoins for various payment methods, such as bank transfers and gift cards.

Paxful Best Crypto Exchanges In Turkmenistan

It’s a trendy choice because of its convenience and well-developed escrow system, which is also favorable for crypto traders in Turkmenistan.

Pros And Cons Paxful

Pros:

  • Peer-to-Peer Trading: One of Paxful’s best features is that it facilitates peer-to-peer transactions, through which two people can trade their Bitcoins directly using various payment methods without restrictions.
  • Escrow Service: An integrated escrow service that works with the Paxful platform. This service protects the sellers and buyers while carrying out these transactions, as funds can not be released until all the parties involved agree.
  • Global Availability: Paxful is available in many more countries, which allows users worldwide to trade Bitcoins and use several other regional networks for payment.

Cons:

  • Fees are comparatively high: When one undertakes several transactions on Paxful, there are almost always fee charges, which vary with the type of payment method adopted. This makes Paxful quite expensive to some users, especially for smaller trades.
  • Very Few Cryptocurrency Options Available: even though Paxful is bitcoin-focused, this more or less has a wide variety of cryptocurrencies, which is not possible at this time as it would restrict users and is primarily unnecessary for those that are more traders than most other things.
  • Scams are bound to happen: Also, since the site is peer-to-peer, there is some risk of encountering fraud, scams, or variable dishonest sellers, and this calls for meticulous due diligence of the potential partners to complete the trade safely.

9.AscendEX 

AscendEX is considered the best crypto exchange in Turkmenistan. It provides a simple interface, various digital coins, and affordable commissions.

AscendEX  Best Crypto Exchanges In Turkmenistan

It has advanced protection and developed staking options that work for both new and experienced clients, making it a strong choice for crypto enthusiasts.

Pros And Cons AscendEX 

Pros:

  • Availability of Numerous Cryptocurrencies: AscendEX offers many cryptocurrencies for trading, which allows its users to try out different avenues of investment and helps them hedge.
  • Affordable Trading Costs: The platform does not charge high trading fees, which is beneficial, especially to users who trade often and want to reduce costs and make as much profit as possible.
  • Warrant Officer Factors: AscendEX provides additional customer protections by employing two-factor authentication and funds cold storage to help protect user assets.

Cons:

  • Highly Professional Site, which may not suit Beginners: The more advanced features and tools can shock new users, making the site less friendly, especially to people still learning to trade in cryptocurrencies.
  • Limited Modes of Funds Deposit: The AscendEX site mainly offers solutions for depositing in cryptocurrencies, which can be a problem for some users seeking to upload their balances using physical currencies.
  • Decrease in Performance Among Some Users: They have experienced lag in the system, where a lot of trading is going on, adversely impacting their trading experience.

10. Changelly

Changelly is one of the most prominent crypto exchanges available in Turkmenistan.

Changelly is an excellent and efficient instant asset-exchanging website that offers a quick exchange rate and does not require complex verification processes.

Changelly Best Crypto Exchanges In Turkmenistan

The service has more than two hundred coins for currency exchange and several ways of depositing funds.

This is great for users in Turkmenistan who wish to perform trades almost instantly and quickly.

Pros And Cons Changelly

Pros:

  • Instant Cryptocurrency Conversions: Changelly’s feature allows users to exchange cryptocurrencies quickly and without lengthy registrations, making it suitable for immediate change.
  • Support of Many Cryptocurrencies: A provision provides trading with more than 200 digital assets, which helps users gain diversity in their investment portfolios as there are more trading options.
  • Cost-Efficient Charges for Clients: Changelly often provides reasonable exchange rates with low spreads, ensuring that users do not lose much when making trades.

Cons:

  • Less Suitable for Small Transactions Due to Incurred Costs: People who want to use the platform may encounter such challenges since it has several competitive rates and leans towards higher expenses for lower, cost-effective trades.
  • Complex Features Are Absent in the Program Interface: Changelly is an essential cryptocurrency exchange, and hence, there are no complicated features and trading, such as marginal trading and order types, that professional users look for.
  • Does Not Provide Wallet Services: Changelly does not offer wallet services, which means people cannot keep any cryptocurrencies they buy from the site with the site, which adds another step in the whole process.

How To Choose Best Crypto Exchanges In Turkmenistan

Regulatory Requirements: Find out if the exchange has registered and taken any legal steps to ensure safe and legal operations in Turkmenistan.

Member Dashboard: You should also prospect for trading exchanges that permit even novices to participate since it simplifies the whole process for them. Exchanges are sites where buyers with funds engage sellers from whom they buy digital currencies.

Security Systems: Always choose exchanges with stringent security measures, such as two-factor authentication (2FA) policies and an offline wallet for clients’ funds.

Number of Cryptocurrencies Available: Select exchanges that carry many different cryptocurrencies so that the preference of each investor is realized.

Funding Methods: Search for ones that offer a variety of methods to fund the trader’s account, such as local banks, credit cards, and e-wallets.

Trading Costs: It is essential to understand that different exchanges charge different trade fees. When you trade considerably often, you usually want to keep the costs as low as possible, looking for such exchanges with some favorable exchanges.

Live Chat Feature: Use the exchanges that are clear regarding support regarding response time for their consumers reached via live chat, emails, or phone calls.

Conclusion

To sum up, the choice of the best crypto exchanges in Turkmenistan depends on several criteria, such as adherence to the law, security presence, platform design, functionality, and a list of crypto commodities.

Traders should focus on these features to have comfortable and safe trades.

Visitors to the crypto market can also make the most of their money in this dynamic market by using the appropriate exchange.

Larry Peter
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Larry Peter is a cryptocurrency exchange expert having over 8 years of experience. He entered the scene in the early days of Bitcoin & has quickly become known has a respected voice in the crypto community. New and experienced traders can count on Larry and his dead-on reviews and analysis to help them understand that which may be too complex to comprehend. He has been featured in major crypto outlets and hold talks in popular blockchain conferences. As always, Larry is dedicated to providing clear and transparent information to inspire the success of others in the fast-paced world of digital currency.