Wallex Crypto Exchange Services and Features

One of the key criteria for choosing an exchange is the range of cryptocurrencies it supports. That is why we need to know how many coins Wallex offers. According to our review, on the Wallex online exchange, major and popular cryptocurrencies such as Tether, Bitcoin, Ethereum, Binance Coin and other cryptocurrencies such as Dogecoin, Solana, Fantom, Notcoin, etc. can be traded. Tether Gold can also be traded on Wallex. Another tradable asset on this exchange is the digital silver certificate. On Wallex, silver is traded as a digital certificate.

Overall,  the wide variety of cryptocurrencies on the Wallex exchange allows Iranian users to trade with more freedom and build a more diversified investment portfolio.

The main services of the Wallex exchange (Wallex) are a set of trading and management services offered to users so they can easily buy, sell and hold cryptocurrencies. Below, we look at the most important services of the Wallex exchange.

 

 

Staking of precious metals and reputable cryptocurrencies

Wallex's staking of precious metals and reputable cryptocurrencies is one of its services, through which you can earn monthly staking rewards on precious metals such as gold and silver and on cryptocurrencies such as Bitcoin and Ethereum. Our review shows that these rewards are paid automatically in the same asset you put into staking. Wallex's staking plan includes the following:

• Digital gold
• Digital silver
• Bitcoin
• Ethereum
• Tron
• Tether

 

Wallex trading bot and profit and loss report panel

One of the services available on the Wallex exchange was a trading bot; however, according to the information we received from chatting with Wallex support, the Wallex trading bot has been removed. As for the profit and loss report panel, we did not find such a panel in this exchange's personal dashboard. In the assets section, under «View trade history», there was no profit and loss report either.

 

Wallex charts and price graphs

In the trading section of the Wallex crypto exchange's personal dashboard, 3 charts are available to traders, as follows:

• The Wallex chart, labeled «Wallex Chart», shows cryptocurrency price changes in Toman.
• The Wallex Tether chart, labeled «Global Chart», shows cryptocurrency prices on Wallex in Tether.
• The Wallex market depth chart shows buy and sell volume as well as the price of Tether, Bitcoin and other cryptocurrencies on Wallex.

 

Wallex crypto calculator

The Wallex crypto calculator lets you convert the currencies available on this exchange into one another. For example, you can see how much Tether, Toman, Ethereum, etc. a given amount of Bitcoin is worth. The exchange's calculator page states that cryptocurrencies can be converted to Rial, but our review shows that cryptocurrencies are converted to Toman.

 

Wallex dedicated wallet

In the trader's personal dashboard on Wallex , the exchange's dedicated wallet is available. Displaying your assets in Toman and Tether and the ability to export your transaction history to Excel are among the features of the Wallex dedicated wallet. Also, given that daily airdrops can be received through the Telegram channel of the Wallex airdrop campaign, the Wallex wallet is a suitable place to hold airdrops.

Wallex exchange periodically holds competitions and gives out prizes to attract users and boost its brand reputation. Competitions such as the Wallex Trading League, the Wallex Pump competition, the Instagram competition and Wallex Prediction were among the contests for which Wallex exchange offered a number of prizes, including 20 thousand dollars in daily prizes, Tether and … .

According to our inquiry with Wallex support, at the time of writing this article the exchange had no ongoing promotion or competition. The only ongoing promotion of this exchange is the daily airdrop, in which, by entering the code announced in the Telegram channel of this promotion, a gift is awarded daily.

In addition to its core trading services, Wallex exchange offers extra features and incentive programs to increase user satisfaction and improve the trading experience. These features are designed to encourage users to stay active, reduce costs and motivate both newcomers and professional users, and they play an important role in making the Wallex platform more appealing. Below we cover these features and incentive programs of Wallex exchange.

 

Wallex Invitation and Referral Code

To attract more users to the Wallex crypto exchange, Wallex gives you an invitation and referral code so you can earn rewards by inviting your friends and acquaintances. To get a referral link, you first need to sign up, and for every trade you receive a reward of up to 45% of the trading fees of the people you referred. The reward tiers of the Wallex referral code, based on the number of people referred, are as follows:

• Under 10 people: 25 percent
• 10 to 40 people: 30 percent
• 40 to 200 people: 35 percent
• 200 to 1000 people: 40 percent
• 1000 people and above: 45 percent

 

Crypto Analysis by Wallex Users

Wallex exchange has a section for user-generated crypto analysis where traders can share their views, technical analyses or personal opinions about the market with others. On each cryptocurrency's dedicated page, a section is set aside for posting traders' analyses and views. All of these views belong to the users and have no connection to Wallex exchange or its official team; they are therefore purely for sharing experience and exchanging opinions and should not be considered definitive financial advice.