Excoino

Excoino holds a knowledge-based license from the Vice Presidency for Science and Technology and is a member of the Tehran Computer Trade Union Organization.

Yes, Excoino exchange has a history of widespread complaints, mostly related to severe delays in processing fiat and cryptocurrency withdrawals. Many users have complained about their funds not being deposited even after 2 to 4 months, and some have resorted to legal authorities such as judicial service offices, the Cyber Police (FATA), and the Organization for Cultural Heritage, Handicrafts and Tourism. According to user feedback, the Central Bank has stated that this exchange does not operate under its official license and that complainants must pursue their cases through judicial authorities. However, no official report regarding a hack of this exchange has been published to date.

• Staking: By locking your cryptocurrencies for 30, 90, or 180-day periods, you can earn an annual profit of up to 21%. This service is active for currencies such as XRP, TRX, BCH, BTCB, and SOL.

• Participation Funds: Three funds, Shafagh, Setareh, and Kayhan, are available to users with an interim profit of 18% to 27% and professional portfolio management of 20% to 50%. These funds are suitable for individuals who want to invest without the hassle of management.

• Uranus Plan: A long-term investment program with profits ranging from 11% to over 20%, depending on the investment amount (from $1,000 upwards).

• Rewards and Campaigns: Excoino regularly holds prize draws and campaigns, giving users the chance to win by being active on the platform.

• Whitelisted Addresses: You can define a list of trusted wallet addresses, allowing withdrawals only to those addresses.

• Trading API: Developers and professional traders can connect their trading bots using Excoino's API.

• Minimum Purchase of 99,000 Tomans: To execute any purchase trade, you must have a minimum capital of 99,000 Tomans. This restriction

• Maximum Daily Online Deposit of 50 Million Tomans per card: If you use an online payment gateway, you can only deposit up to 50 million Tomans per day; for larger amounts, you must use Paya or Satna transfer methods.

• Maximum Daily Withdrawal of 200 Million Tomans: A limit of 200 million Tomans applies per Rials withdrawal, and for larger amounts, you must perform multiple separate transactions.

• 72-Hour Delay for Rials Withdrawals: According to FATA Police regulations, withdrawals resulting from Rials deposits must remain under monitoring for 72 working hours.

• Limited Blockchain Network Support: Excoino only supports three networks: Ethereum (ERC-20), Tron (TRC-20), and Binance Smart Chain (BEP-20). Consequently, if you send your cryptocurrency from other networks such as Polygon, Solana, Arbitrum, or Avalanche, your assets may not be recoverable.

• Limited Blockchain Network Support: Excoino only supports three networks: ERC-20 (Ethereum), TRC-20 (Tron), and BEP-20 (Binance Smart Chain). Consequently, if you send your cryptocurrency from another network (such as Polygon, Solana, or Arbitrum), your assets may not be recoverable, and the responsibility lies with the user.

• No Support for Leveraged Trading: Unlike international exchanges, Excoino does not offer the possibility of trading with leverage.

• KYC/Verification Limit: To withdraw more than 100 million Tomans per day, you must complete a higher level of identity verification.

• Rials Withdrawal Schedule: Rials withdrawals are processed only during business hours (09:45 to 14:45), and requests made outside this window will be postponed to the next day.

• Cryptocurrency Withdrawal Delay during Non-business Hours: Cryptocurrency withdrawals during non-business hours and holidays may take up to 2 hours.