Nobitex

Item: Nobitex
Rating: 3
Author: Teagle

Trading without KYC

Stop-loss orders

Asset custody on the exchange

Conditional orders

+9More

Teagle Score

Teagle user score

(5)

Founded2017

Head officeIran

Exchange typeCentralized

Minimum purchase50000 Toman

Trading fees0.25%

Number of cryptocurrencies+100

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Introduction and History of Nobitex Exchange

Nobitex was founded in 1396 by a team including co-founder Amirhossein Rad, with the aim of filling a vital gap in the Iranian market for a professional cryptocurrency exchange . The company is registered as a knowledge-based company under the name «Rahkar Fanavari Noyan».
With a focus on security and simplicity, Nobitex offers, in addition to its spot market, professional features such as margin trading and earning services such as staking, among others, to meet its users' needs

Teagle risk warning for Nobitex

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Risk-spotting guide

Nobitex Exchange Credibility Review

Credibility and security details

Nobitex exchange has been operating since the summer of 1396 and is known among Iranians as the first prominent Iranian exchange. In terms of track record and recognition in the domestic market, this exchange is one of the major players in cryptocurrency trading in Iran; however, assessing its credibility by age alone is not enough. Overall, Nobitex can be considered an established and widely used exchange, especially since, after the hack last year, it managed to fully compensate users for their losses.

Is Nobitex exchange safe?

In the first half of 1404, Nobitex confirmed unauthorized access to part of its users' assets, caused by a major hack that resulted in significant losses. Nevertheless, while upgrading its security infrastructure, the exchange managed to compensate users for all their losses, which added to its credibility. Even so, since Iranian exchanges, including Nobitex, are not overseen by any reputable international body, this exchange should be assessed based on domestic feedback and Nobitex's track record.

Cryptocurrencies on Nobitex Exchange

Reviews show that Nobitex's local platform currently supports more than 100 cryptocurrencies reputable and has managed to meet the diverse needs of Iranian investors well by creating Toman and Tether markets. On this exchange, besides very high trading volume for the market leaders, Bitcoin and Ethereum, there is exceptionally strong demand for stablecoins and low-cost transfer networks; so much so that many users, to preserve the value of their capital, instead of traditional methods or intermediary platforms (such as searching for Perfect Money), easily buy Tether as a safe alternative to the dollar and use the fast Tron network for their transfers. Nobitex also offers a complete trading basket of popular altcoins such as Ripple and Solana, and lets meme coin enthusiasts invest small amounts (given the low minimum purchase for coins like Dogecoin) in popular projects such as Shiba, Baby Doge and BitTorrent; also, although directly buying artworks (NFT) is not possible on the exchange itself, traders can easily buy and sell the native tokens of top projects in the metaverse and NFT on Nobitex and keep up with the latest market trends.

Newest coins

HYPE
LA
RED
FLUID
AT
WET
DOOD
BEAMX
MOODENG
EUL

Funds Management on Nobitex Exchange: Deposits, Withdrawals and Fees on Nobitex

Fund management on the Nobitex exchange is one of the key aspects of this Iranian exchange, since users rely on deposit and withdrawal processes to start trading or cash out their assets. By offering clear routes for transferring funds and cryptocurrencies, Nobitex has tried to keep fund management as simple and trackable as possible. Alongside this, understanding the fee structure also helps users make decisions with a clearer view and better manage their trading costs.

What Services Does Nobitex Offer?

Review of features and services

As Iran's largest crypto market, Nobitex offers a range of modern financial tools that go beyond simple buying and selling. These services include various ways to earn passive income, professional asset management and access to credit facilities, allowing users to use the value of their assets to get loans or earn returns without having to sell them. Below are some of Nobitex's services:

Staking: A way to earn crypto rewards by taking part in network consensus processes while holding digital assets on the Nobitex platform.
Yield farming: This service lets you earn income by participating in decentralized finance protocols and receiving rewards for allocating assets to these schemes.
Liquidity pool: Users can share in the profits from traders' trades by supplying the funds those traders need in the margin market.
Purchase loan service: Get credit of up to 200 million Toman using crypto as collateral, with no need for a guarantor, cheque, promissory note or in-person visit.
NobiGift: A customizable crypto gift card that lets you give various coins to others, either digitally or physically.

Nobitex Exchange Limitations

To protect users' security and keep the network stable, Nobitex has set certain conditions and limits on trading and on access to its services. Nobitex's limits include a set cap on leverage in margin trading and access to services that depends on the verification level. Also, fund transfers to user accounts depend on the country's banking system and are subject to transfer time limits, which are other limits of Iranian exchanges, including Nobitex. Some of this exchange's limits are listed below:

Minimum buy and sell amount: To start trading in Nobitex markets, you need at least 50 thousand Toman in capital.
Leverage cap: In the margin trading market, users can only use leverage of up to 5 times their assets.
Dependence on user levels: Deposit and withdrawal amounts and access to platform features depend entirely on the verification process and the approved user level.
Mobile number requirement: To sign up and start any activity on the exchange, you must have a valid mobile phone number registered in your own name.

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