About Koineks
Overview
Koineks is Turkish cryptocurrency exchange. They accept fiat currencies, which makes them an entry-level company. That being said, some altcoins are also available, so this is an even more interesting offer. TRY banking supported – the main thing, which will attract clients to Koineks is the ability to buy cryptocurrencies with Turkish Lira. The only downside is that they only support bank transfers. Other exchanges, like Coinbase, also accept credit card payments.
Fees
No deposit fees – Koineks does not charge anything for deposits. This includes both the blockhain transfers and the fiat curtrency ones. Some costs will be involved with both types of transactions – miner fees for crypto and the standard banking ones.
Relatively low trading fees – each trade made at this exchange will be charged depending on the type of order you use. When entering the market “aggressively”, taking the best available price, you are a “taker” and will pay slightly higher fees. Market “makers” are those who place an order in the “book” and wait to be “hit” by others. Overall the fees are in-line with the industry and go even lower if you are a big volume trader.
User Experience
User-friendly interface – the “trading platform” at Koineks is as basic as it gets. The order book is on the right side, while the order entry fields are in the middle.