Forget about boring investments: Almost half of Türkiye’s population invests in cryptocurrencies! As inflation rises, people are looking for ways to keep their hard-earned money. At this point, cryptocurrencies emerge as a popular investment. So, what are the coins that Turks invest in the most? On which platforms are these transactions made? Let’s examine it together.
Cryptocurrency trend does not get old in Turkey
With the rise of inflation in Turkey, many citizens are looking for alternative investment options. Surprising data reveals that nearly 50% of Turks now own cryptocurrencies. This shift is a sign of growing interest in crypto as a wealth preservation tool. Because Turkey’s high inflation rate creates uncertainty for traditional investment instruments. Cryptocurrencies offer a potential protection against inflation.
Bitcoin (BTC), the first and most popular cryptocurrency, is the best example. Its decentralized structure frees it from the control of any central authority, potentially making it less susceptible to the effects of inflation. While Bitcoin remains a dominant force, Turkish investors are going beyond that, according to CoinEx, a secure cryptocurrency exchange. According to CoinEx’s website, the six most popular currencies among Turks are:
- Bitcoin (BTC): Bitcoin is a decentralized currency and the first and most popular example of cryptocurrencies. It was introduced via a whitepaper by Satoshi Nakamoto in 2008. As everyone in the crypto field knows, the technology that forms the basis of Bitcoin is “blockchain”. Blockchain is a distributed ledger that allows transactions to be recorded securely and transparently.
- Ethereum (ETH): Ethereum, which is behind the largest altcoin, ETH, fosters innovation in the crypto space by enabling the development of decentralized applications (DApps) and smart contracts.
- Solana (LEFT): Known for its high-performance features, Solana serves the development of various decentralized applications, including DeFi and NFTs. Its most unique feature is that it uses a consensus mechanism called Proof of History (PoH).
- Avalanche (AVAX): Offering scalability and flexibility, this platform attracts the attention of developers developing decentralized finance (DeFi) projects and other applications. One of Avalanche’s unique features is its ability to use multiple consensus mechanisms.
- XRP (XRP): Developed by Ripple, XRP facilitates faster and cheaper international money transfers compared to traditional banking methods. XRP is used on RippleNet.
- Dogecoin (DOGE): This meme-inspired cryptocurrency has a strong online community. It also experiences significant price fluctuations due to social media influence. Especially the tweets of influential figures such as Elon Musk affected the value of DOGE. DOGE entered the market as a fork of Litecoin and continues to exist as an open source project.
A user-friendly exchange for Turks: CoinEx
CoinEx offers a wide selection of more than 900 tokens, including many tokens that are popular among Turkish users as we mentioned above. CoinEx in particular, as a global cryptocurrency exchange with over 5 million users, positions itself as a secure and user-friendly platform for transactions in this relatively new asset class. CoinEx prioritizes user experience with a user-friendly interface, ensuring smooth trading and fast transaction processes. Their platform supports multiple languages to be globally accessible. Additionally, the exchange offers many features beyond simple trading. The highlights among these features are as follows:
- Margin trading and futures trading for experienced users looking for advanced strategies.
- Automated market making (AMM).
- Financial Accounts for flexible investment options (you can deposit/withdraw crypto whenever you want, without a minimum limit, and earn interest) and strategic trading options.
- Crypto loans where one or more cryptocurrencies are used as collateral to borrow other cryptos.
As a result, CoinEx provides a safe platform for Turkish users struggling with inflation to take part in the cryptocurrency world. With its various offers and user-centered approach, CoinEx aims to enable you to take control of your financial future.
Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform. To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!