What is Narkasa?
Narkasa is a Turkish crypto exchange from 2020 that aims to bridge local traders with broader global markets. It handles spot trades, OTC in TRY and USD, staking, plus perks tied to its NKA token. It's best known for giving Turkish users direct fiat on-ramps.
Quick snapshot
- Founded: 2020 in Turkey
- Assets: ~50 coins, ~80 spot pairs
- Fiat: TRY and USD OTC
- Fees: ~0.15% maker, ~0.25% taker, with volume tiers
- Trust score: Moderate ~6/10
- Traffic: ~120K visits/month
- Security: Basic - 2FA, cold storage, SSL
What stands out
Narkasa leans heavily on its local edge. It provides OTC desks for Turkish lira and USD, making it attractive for users who want fiat pathways tied directly to the domestic market. The NKA token offers fee discounts and early token sale access. Its ~80 pairs cover most major coins a regional trader would expect.
Fees, volumes and traffic flow
Trading fees sit at a mid-level range - 0.15% for makers, 0.25% for takers, with reductions for bigger volumes. Monthly traffic hovers around 120K, suggesting a stable local base. Exact daily volume isn't clear but seems in low-tens of millions USD, solid for Turkey but modest globally.
Security and transparency notes
- Standard features like two-factor auth, cold wallet storage and SSL encryption.
- No external audits or public reserve proofs.
- User trust ranks about 6/10 - decent for a regional CEX but short of global top-tier standards.
Pros and cons
- Pros: Direct TRY and USD support, mid-tier fees with NKA perks, wide enough coin choice for casual traders, clear Turkish market focus.
- Cons: No audit trail, KYC-based withdrawal limits, occasional support lags, not tailored for global traders needing advanced tools.
Final verdict
Narkasa is solid for Turkish or nearby users wanting fiat on-ramps, fair fees, and easy access to common cryptos. But it's light on transparency, with no audit assurances or large-scale liquidity. If you're exploring from Turkey, start small - test deposits, trades and withdrawals to see how it performs before ramping up your funds.