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BTC/TRY
 

Trade Bitcoin / Turkish Lira - BTC/TRY CFD

1m
5m
15m
30m
1H
4H
1D
1W

Trader sentiment

% Buyers % Sellers
  • Long position overnight fee -0.0500%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($-0.50) -0.0500 %
  • Short position overnight fee 0.0140%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($0.14) 0.0140 %
  • Overnight fee time 22:00 (UTC)
  • Min traded quantity 0.01
  • Currency TRY
  • Margin 50%
  • Trading hours (UTC)
    Mon - Thu: 00:00 - 22:00
    22:05 - 00:00
    Fri: 00:00 - 22:00
    Sun: 22:05 - 00:00
  • Commission on trade 0%

Bitcoin to Turkish Lira: trade BTC to TRY pair and track its real-time price.

The Bitcoin to Turkish Lira pair features the world’s most popular cryptocurrency, Bitcoin, as the base, and Turkey’s official currency, the Turkish Lira (TRY) as the counter.

The Turkish Lira is the 19th most traded currency in the world and it is listed among the top 10 most traded currencies in Europe. TRY has been losing value against other major currencies in recent years due to domestic macroeconomic policies that have failed to stabilise the value of the currency and this has attracted the interest of traders who seek to speculate on BTC/TRY price swings.

Considering the significant liquidity of both currencies, the BTC to TRY pair is a suitable crypto-to-fiat investment vehicle to profit from fluctuations in the underlying fundamentals of both currencies.

Due to their popularity, trading BTC/TRY is usually cheaper, compared to other less frequently traded pairs, as a result of lower spreads.

Traders can closely watch the evolution of monetary policies and the overall macroeconomic environment of Turkey to predict potential directional movements of TRY, which will ultimately influence the price of BTC/TRY, while they could also identify potential changes in the fundamentals of Bitcoins, most of which are influenced by the widespread adoption of this popular cryptocurrency as both a suitable payment method and financial asset.

The introduction of Bitcoin to the global financial stage back in 2009 changed the way people viewed digital currencies, by presenting a strong alternative to regular fiat currencies.

Bitcoin relies on blockchain to guarantee the transparency of the transactions conducted with this cryptocurrency through what’s known as a distributed decentralised ledger that allows third parties to validate any entries made to the ledger to avoid the loss of information or inaccurately recorded transactions.

This cryptocurrency has evolved to become a major player in the investment world, allowing traders and investment managers to diversify their portfolios by using an alternative financial asset such as Bitcoin.

The history of the Turkish Lira can be traced back to the Ottoman empire, and the term ‘lira’ is derived from the word ‘libra’ which was a unit of weight back then. The lira has suffered various transformations since then up until 2003 when the Grand National Assembly of Turkey decided to revalue the Turkish Lira by taking off six zeros from amounts recorded in such currency back then.

In recent years, the Turkish Lira has lost ground against major currencies such as the US dollar and the Euro, possibly as a result of delayed monetary policy adjustments.

Capital.com provides a real-time price chart of the BTC to TRY pair and traders can enter both long or short positions by using our CFDs to profit from BTC/TRY directional price swings.


Trade cryptocurrencies with leverage

Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200

Crypto CFD’s

  • Trade 24/7 on a wide range of cryptos

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  • No need to setup crypto wallets and private keys

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

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