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Sarmayex

Sarmayex

Asset Custody
Dedicated App
Iranian Exchange
Spot Market
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Sarmayex
Establishment Date1396
Minimum Deposit0
HeadquartersIran
Exchange TypeCentralized
Minimum Purchase100,000 Tomans
Trading FeesTiered
Number of Cryptocurrencies530
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About Sarmayex Exchange

Sarmayex exchange, which was known as "Arzjoo" at the time it officially began operations in 2017, introduces itself as the first cryptocurrency exchange platform in Iran. Like any other exchange, this Iranian platform should not be judged solely by its promotional activities. Therefore, various factors such as transparency, fees, price spread, quality of support, and user experience of Sarmayex exchange must also be considered. The Iranian exchange Sarmayex is one of the long-standing financial institutions in this sector, but it should be carefully examined.

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Credibility of Sarmayex Exchange

Credibility and Security Specifications

Due to international restrictions on Iranian exchanges and the fact that most are not listed on reputable global websites like CoinMarketCap, the credibility of an Iranian exchange is a function of its operational practices and actions. The credibility of the Sarmayex exchange is a combination of its tenure, transparency, and compliance with domestic legal requirements. Our review of the exchange's website shows that it has consistently strived to have an active presence at relevant events. However, an important point we gathered from examining the images of Sarmayex's achievements and honors is that the plaques and certificates were issued either in the name of the company ChitaAfzar (ChitaSoft) or in the name of Mr. Ehsan Motalebi (the founder of ChitaAfzar, which is likely the parent company of the Sarmayex exchange). Only one certificate in the former name of the Sarmayex exchange (Arzjoo) for participation in the Elecomp exhibition was published in the "About Us" section. Nevertheless, the Sarmayex exchange is a member of the Iran Fintech Association under the name "Value-Creating Blockchain".

 

Does Sarmayex Exchange have a history of hacking or fraud?

A review of the published records regarding the Sarmayex exchange shows that no official or widespread reports of successful hacks or organized fraud by this exchange have been published to date. However, like many cryptocurrency exchanges, there is always a risk of cyberattacks and hacks, and users should always keep this in mind. It is worth noting that news has been published in the media suggesting that the Arzjoo exchange was the target of an unsuccessful hack in 2019, but we cannot independently verify such an event.

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Review of Currencies in Sarmayex Exchange

The variety of cryptocurrencies on the Sarmayex exchange is high, and according to the exchange, it supports over 530 digital currencies. This diversity includes the primary market coin, Bitcoin, major altcoins such as Ethereum, etc., various stablecoins like Tether and USD Coin, and other digital assets. The list of some popular coins listed on the Sarmayex exchange includes the following:

  • Bitcoin
  • Ethereum
  • Tether
  • Binance Coin
  • USDC
  • Solana
  • Ripple
  • Cardano
  • Shiba Inu
  • Baby Doge
  • Dogecoin

 

List of the newest cryptocurrencies on the Sarmayex exchange
 

The centralized exchange Sarmayex has made efforts to include new assets in its dashboard as they are listed. Consequently, we frequently see new digital currencies on this exchange. A list of the latest cryptocurrencies on the Sarmayex exchange at the time of writing this article is provided below:

 

  • USDS
  • SwissCheese (SWCH)
  • Sonic (S)
  • G (G)
  • Render (RENDER)
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Cost Management in Sarmayex Iranian Exchange

Managing trading costs for users at Saramyex exchange is reflected through its tiered fee structure. This matter is as important to the user as accurate price analysis. The cost structure for users on the Iranian Saramyex exchange is designed to be suitable for both retail and professional traders. In the «Easy Buy» section, where trades are executed OTC with Saramyex itself as the counterparty, buying and selling happen instantly and are commission-free. According to Saramyex's official statement, the price difference observed during order placement in Easy Buy is not due to a deducted fee; rather, it is a systemic confirmation resulting from a successful withdrawal from the Saramyex wallet, which creates the possibility of price fluctuations.

On the other hand, peer-to-peer (P2P) trading exists at Saramyex under the name «Professional Trading Market,» where users trade with each other, and the exchange is not a party to the transaction. This trading method is more suitable for higher trading volumes and professional traders. Fees for this method are tiered, ranging from 0.34% to 0.03% based on the user's trading volume, and are structured to decrease as volume increases.

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Services, Rewards, and Plans of Sarmayex Exchange

Features and Services Specifications

Like any other exchange, Sarmayex has also strived to offer a variety of services to maintain a strong presence alongside its competitors. Regarding the rewards and promotional schemes of this exchange, it should be noted that according to our inquiry with their support team at the time of writing this article, it was determined that this exchange does not currently have any active campaigns. However, if you are a new registrant, the exchange activates a $3 airdrop as a gift upon completion of your identity verification.




 

The following is a list of services provided by this Iranian exchange along with a brief description:

  • Easy Buy: Instant cryptocurrency purchase with zero fees.
  • Staking: Earning steady returns by providing liquidity for blockchain networks on Sarmayex.
  • Participation Pool: Earning interest through deposits on Sarmayex without the need to trade.
  • Sarmayex Club: The exchange's customer loyalty program that grants points for completing missions.
  • Referral: Receiving 30% of trading fees as a reward by inviting others to the exchange.
  • Sarmayex College: Practical and specialized articles for a better understanding of financial markets.
  • Support: Real-time customer support via online chat.

 

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Download Sarmayex Application


Everything available on the Sarmayex website is also accessible in its mobile version, allowing you to manage your digital assets directly from your smartphone. The application features a simple and user-friendly interface, and the Sarmayex wallet is also accessible through it.


 

Review of the Sarmayex Exchange App User Experience
 

Assessments conducted by our experts indicate that the design of the Sarmayex exchange application focuses on enabling users to trade easily and access their assets without complexity. However, our review of various user feedback regarding the application shows mixed perspectives. Issues with identity verification and bugs related to withdrawing bonuses were among the negative comments directed at this exchange at the time of writing this article. Nevertheless, others believe that the exchange holds high credibility, offers a functional and suitable application, and have expressed satisfaction with buying and selling on the platform.

 

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Expert Review: Is Sarmayex Exchange Suitable?

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Sarmayex Exchange Head Office Details

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Frequently Asked Questions about Sarmayex Exchange

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User Reviews about Sarmayex Exchange

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