Article

What is the Travel Rule and why is it required for crypto transfers?

June 24, 2026

The Travel Rule is a legal regulation that requires sender and recipient information to be recorded in crypto asset transfers. It is applied under the regulations in force in Türkiye and comes into effect in all crypto asset withdrawals and deposits on Paribu.

What is the Travel Rule?

The Travel Rule is a regulation that, under the legal regulations in force, requires crypto asset service providers to record sender and recipient information in every transfer. The information form you encounter when withdrawing or depositing crypto on Paribu is filled in under this regulation.

Why is the Travel Rule applied?

The main goal of the Travel Rule is to prevent money laundering, terrorist financing, and illegal transactions in crypto asset transfers. The regulation makes it traceable who a transfer is sent from, who it reaches, and which platforms it takes place between. This both enhances the security of user assets and ensures compliance with legal regulations.

In which transactions does the Travel Rule come into effect?

The Travel Rule comes into effect in all crypto asset withdrawals and deposits made on Paribu. The form requests different information depending on the transaction type: recipient information for external withdrawals, sender information for external deposits, and only a short description for internal transfers. The transfer is not approved until the form is completed.

Crypto withdrawal (external): For withdrawals to a platform outside Paribu or to an independent wallet, recipient information and destination platform information are requested.
Crypto deposit (external): For crypto assets coming to your Paribu account from outside, sender information and source platform information are requested.
Internal transfer (within Paribu): For transfers between Paribu users, since recipient information is already in the system, only a short description is requested.

Note: The Travel Rule form appears before the transaction is confirmed. The transfer is not approved until the form is completed.

How do I fill in the Travel Rule form when withdrawing crypto?

In the crypto withdrawal flow, after you complete the amount and address steps, the Travel Rule form opens. In the form, you select the recipient type, enter the recipient information, set the destination platform, and add a short description explaining the purpose of the transfer in order. When all steps are complete, the transaction is sent for approval.

1. Recipient type selection

You specify who the recipient is among three options:

Myself — The withdrawal is to your own account on another platform.
Another person — The withdrawal is to another individual.
Institution — The withdrawal is to an institution or legal entity.

2. Recipient information

The information requested varies by recipient type:

Myself: First and last name come from your profile automatically; you only select the platform.
Another person: Recipient first name, last name, and address information (country, province, district) are required.
Institution: The legal name of the institution (at least 3 characters) and address information are required. The content you enter in the institution name field is checked; if inappropriate content is detected, you are asked to use a different expression.

3. Platform selection

After the recipient information, you select the destination platform. You can select the platform you will send the asset to from the ready list. If the platform you are looking for is not on the list, you can use the Other option to enter the platform name manually (at least 3 characters). The manually entered platform name is checked; if inappropriate content is detected, you are asked to use a different expression.

4. Description

In the last step, you add a description related to the transfer. Ready options are available for quick selection:

To stake on the recipient platform
To buy / sell on the recipient platform
To trade a crypto asset not listed on Paribu
Other (you write your own description)

If you select Other and write your own description, this text must contain at least 20 characters. When the form is submitted, the content is checked automatically; if inappropriate content such as profanity, slang, or emoji is detected, you are asked to edit the description.

How do I fill in the Travel Rule form when depositing crypto?

When a crypto asset comes to your account from outside, the asset is first set to the pending status. To have it credited to your balance, you need to fill in the Travel Rule form. The form structure is similar to the one for withdrawal:

Sender type: My own account / Another person / Institution
Sender information: First and last name or institution name + address depending on type
Source platform: The platform the asset was sent from (ready list or Other)
Description: You can choose one of the ready options or write your own text. Ready options: To buy / sell on Paribu, To convert the crypto asset to TRY, To take part in events such as auctions, To trade in the BOX / FAN categories, Other
Transfer information: Amount, symbol, address, and time information come automatically and is read-only

After the form is completed, the asset is credited to your account.

Travel Rule for internal transfers

For internal transfers between Paribu users, recipient information is already on file in the system. In these transactions, the Travel Rule form contains only a short description field; no recipient type or platform selection is made. The description must be at least 20 characters in internal transfers as well and must be free of inappropriate content.

What happens if I exit the Travel Rule form?

When you want to exit the screen during form filling, a confirmation window is shown. If you exit before completing the form on a withdrawal, the transfer is cancelled; on a deposit, the asset stays on hold and is not credited to your account until you complete the form. For deposits you can reopen the form later.

On withdrawal: If you exit without entering the recipient information, the transfer is cancelled; you need to restart the transaction.
On deposit: If you exit without adding the sender information, the asset stays on hold. Later you can complete the form by going to the related asset detail on the Wallet page or to the pending transfer row in the transaction history.

Warning: For unapproved deposit transfers, the asset stays in the pending status until you complete the form.

Things to consider for description and free-text fields

The description, manual platform name, and manual institution name fields in the Travel Rule form are subject to the same content rules. The text you enter in these fields is checked, and you are asked to edit it when inappropriate content is detected.

The description must contain at least 20 characters; the manual platform or institution name must be at least 3 characters.
Inappropriate content such as profanity, slang, emoji, brand names, and gambling sites is detected; in this case you are asked to rewrite the text.
When you select one of the ready description options, the character limit is met automatically.
It is recommended that the description reflects the actual purpose of the transfer; contradictory or misleading descriptions may extend the review process.

Frequently asked questions

Can I withdraw to a platform that is not on the list?

Yes. By selecting the Other option on the platform selection screen, you can enter the platform name manually.

What should I write in the description field?

It is enough to briefly state the actual purpose of the transfer. The ready options provide a quick solution; if you write your own text, you need to enter at least 20 characters and avoid inappropriate content.

Can I fill in the Travel Rule form for a deposit later?

Yes. The deposited asset stays on hold until you complete the form. By tapping the related asset detail on the Wallet page or the pending transfer row in the transaction history, you can fill in the form whenever you want. Until the form is completed, the asset is not moved to the withdrawable balance.

Do you share my Travel Rule information with other platforms?

The information collected under the Travel Rule is shared only between crypto asset service providers through authorised channels within the framework of MASAK regulations. For details, you can review the privacy notice.