Bit24

Item: Bit24
Rating: 3
Author: Teagle

Trading without KYC

Stop-loss orders

Tiered fees

Asset custody on the exchange

+11More

Teagle Score

Teagle user score

(1)

Founded2019

Head officeIran

Trading feesUp to 0.2%

Trading marketsSpot market, leveraged, instant trading

Number of cryptocurrencies786+ diverse coins

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Introducing the Bit24 Exchange

Today, with the growing popularity of the cryptocurrency world, many people have been asking: what is Bit24?
In fact, Bit24 is one of the largest Iranian crypto exchanges , which started operating in 1398 and currently has more than one million active users. What sets this exchange apart from the rest is its exceptional variety of coins, about 786 different cryptocurrencies. This means almost any coin you can think of can be found on this exchange. Fees range from zero percent for instant trades to a maximum of 0.2% for the spot market. You can even start without identity verification and complete your documents later when you want to make a withdrawal.

Looking at Bit24's history, it is easy to see that its 95% user satisfaction rate speaks for itself. In addition, it offers attractive services such as free trading bots, leveraged trading up to 10x, and dual investment, which was introduced in Iran for the first time here.

Teagle risk warning for Bit24

Teagle warnings, licence status, regulators' warnings and users' verified complaints

Risk-spotting guide

Bit24 exchange credibility check: rating and licenses

Bit24 is an Iranian exchange and does not appear in international rankings.

Has Bit24 exchange had any history of fraud or hacking?

No. With more than 6 years of operation, Bit24 has no officially confirmed record of fraud or a successful hack, and it has earned a high trust score (100 out of 100). However, in 2024 the Cybernews website claimed it had been hacked, but Bit24 denied this and no documented evidence was published.

Bit24 exchange cryptocurrencies

Bit24 offers more than 786 different cryptocurrencies, and almost any coin you can think of can be found here. Overall, from popular, widely held coins such as Bitcoin, Ethereum, Tether, Solana, Ripple and Dogecoin to new altcoins and emerging projects, they are all available on the Bit24 exchange.

Newest coins

TAKE
AVL
WOD
ARC
LAB
SUP
FOLKS

Costs at Bit24 exchange: deposits, withdrawals and fees

Bit24 has no hidden fees, and everything is clear upfront. Deposits and withdrawals are also very fast and are usually completed within a few minutes.

Bit24 exchange services and rewards

Review of features and services

Bit24 goes beyond a simple exchange and offers a full set of professional services, including:

Smart trading bots: Bit24 offers four different strategies: Spot Grid for profiting from market fluctuations, Infinity Grid for bull markets with no price ceiling, Martingale for buying in steps during bear markets, and Smart Rebalance for smart portfolio management.
Dual investment (Dual Investment): With this method, you can predict the market trend and place buy or sell contracts with a specific target price.
Bit Club (Bit Club): A unique gamification system that turns every activity on the exchange into coins. In fact, by trading, inviting friends, or even checking prices daily, you collect coins and win amazing prizes.
Bit Card (Crypto gift card): You can create gift cards in various cryptocurrencies such as Bitcoin, Tether, Ethereum, Shiba and Dogecoin, and send them with a personal message and special designs for any occasion.
Affiliate program (Affiliate): Invite friends and receive up to 60% of their trading fees.
Bug bounty (Bug Bounty): A reward program for discovering security vulnerabilities; if you have expertise in cybersecurity, you can receive cash rewards by reporting bugs.

Review of Bit24 exchange limitations and issues

Every exchange has its limitations, and Bit24's limitations include:

Rial deposit and withdrawal limits: The maximum deposit via the online payment gateway is 25 million Toman per transaction. For larger amounts, you need to use the «deposit with ID» method, which works based on PAYA cycles. The maximum daily withdrawal is also limited to 300 million Toman.

Lack of futures trading: Bit24 currently does not offer a futures market and only supports spot trading and margin trading with up to 10x leverage.

Identity verification limits: The minimum age for identity verification and full use of the exchange's services is 18. You also need to verify your identity to withdraw rials or crypto.

Limits on trading without identity verification: Although you can buy and sell without verifying your identity, you cannot withdraw. This means your assets stay locked in the exchange until you complete identity verification.

Rial settlement limits on holidays: On holidays, rial withdrawals are processed only once, at 12:45, and the remaining transactions are postponed to the next business day.

Limits on transfers between exchanges: To prevent money laundering, crypto withdrawals may be restricted for up to 72 business hours after a rial deposit via the payment gateway.

Download the Bit24 app

What is the user experience of the Bit24 app like?

Overall, Bit24 is one of the most user-friendly Iranian exchanges. Whether you're a beginner or a professional trader, using this exchange is easy and enjoyable.

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