Are you in Iran looking for where to buy Bitcoin? Heard of some news of scam and are confused on where to buy Bitcoin?
I brought you good news then, because this article was written for your sake. Stick to the end and I bet you’ll not lose out!
Firstly, I’d like to give an outline on what this article will look like;
- Three things to look out for in a crypto exchange
- Three best exchanges suitable for Iranians
- Wrapping up
- FAQs
Alright, let’s dive in.
Three things to look out for in a crypto exchange
Quickly, I would like to share with you three things to look out for in a crypto exchange.
That’s it.
No big deal.
Just three things,
1 Security
When it comes to choosing crypto exchanges, one of the most important things to consider is security
The scariest thing is not to invest in the wrong coin, it is not to change jobs, it is to lose your entire fortune (investment) in one second
So you have to be extra careful when choosing an exchange platform.
Are they secure enough?Do they experience hacking often? Are they trustworthy enough?
Dig deep!
2 Listings
When it comes to investing in cryptocurrency, another major thing to consider is how rich the listings of the exchange are
The truth is …
As you progress in your crypto journey, you’ll discover that having a platform that lists many cryptocurrency is important
This is because, at some point, you will want to venture into other currencies. So if the exchange you choose does not trade that particular coin, it means you’ll have to either abandon it or look for another crypto exchange that trades it.
And speaking of another crypto exchange, you’ll have to go through the stress of understanding how the new exchange works and that is another problem.
Imagine having a crypto exchange like Binance that lists over 600+ cryptocurrencies, it is likely that your needs will be met regardless of the coin you plan to trade.
3 Transaction fees
Last but not the least, is to pay attention to the transaction rate of the crypto exchange
Most crypto trading platforms charge medium to high rates while some charge relatively low rates.
You don’t have to choose a low quality platform because it charges low rates, look closely and choose the one that provides what you want at a reasonable transaction rate.
Choosing a crypto exchange is similar to choosing a bank; you don’t want to choose an insecure bank nor do you want to choose a bank that charges high transaction rates.
What you want is a highly reliable bank that provides the full service you want at a reasonable rate.
Five best exchanges suitable for Iranians
When you’re in a desperate situation, chances has it that you might make a wrong decision
This is because, your brain does not process information the same way it does when your mind is at rest
So I’d like to tell you to reduce the stress or pressure you’re facing currently. All problems will be solved soon.
I wish you a warm welcome to the amazing list:
1 Binance
Binance is the largest crypto trading platform by trading volume which is about $76 Billion a day.
Established in 2017, the exchange platform originally began in Hong Kong but later moved to Cayman Island due to intervention of the government in cryptocurrency.
Binance is a super easy platform to trade Bitcoin or other cryptocurrencies.
With over 600+ crypto coins, the trading platform has shown its uniqueness.
Pros
1 Vast amount of cryptocurrency (about 600+ coins & tokens)
2 Fast and secure
3 24/7 customer support
4 Has a lot of options to make money e.g staking, shorting e.t.c
5 Binance smart contract, a part of Binance can be used to land contracts between companies
6 Offers good market prices
7 Low transaction rates
8 Supports fiat deposits in over 50 currencies including Eur, USD, GBP e.t.c
Cons
1 Limited payment methods
Here’s a detailed guide on how to get started on Binance
2 Changelly
Changelly is also a good choice to buy Bitcoin. It is a crypto trading platform that does not house crypto.
In other words, they don’t provide wallets to users, rather users are required to have their own wallets and then link it to their account before they can purchase coins on the platform.
What Changelly simply does is to index and suggest highly reputable coins to the users.
They have over 3 million users and are also partners with giants like Binance in the industry.
Pros
1 Huge listing of coins (lists about 200+ crypto coins)
2 Offers low transaction rates
3 24/7 customer support
4 Best for those who don’t like KYC verification
5 Offers the best rates of the year for their coins
6 Private
Cons
1 Limited payment methods
3 Localbitcoins
Headquartered in Helsinki, Finland, Localbitcoins is one of the oldest crypto exchanges out there.
It was founded by Jeremiah Kangas but is now managed by Sebastian Sonntag who was appointed to be the CEO.
Unlike many other crypto exchanges, Localbitcoins executes trading in a different way. The platform is a person-person platform that leaves users to trade with each other.
In this case, the users can list their offers in any currency. So what they primarily do is help buyers meet sellers and the whole transaction is done between the users.
Pros(Advantage)
1 It is available in every part of the world
2 Private
3 Accommodates different payment methods
4 Allows different fiat currencies
5 Very easy to use
6 Low transaction rates
Cons (Disadvantage)
1 There’s a possibility that buyers or sellers can be scammed
FAQs
Below are some frequently asked questions:
Can I use Binance in Iran?
Yes, you can use the Binance crypto trading platform in Iran.
Can I use Trust Wallet in Iran?
Yes, you can use Trust wallet in Iran. The trust wallet is a decentralized wallet and anybody can use it regardless of where you are from.
Is cryptocurrency legal in Iran?
Though the Iranian government has once banned cryptocurrency, Iranians are still trading them.
How much is Bitcoin?
You can check the live price of Bitcoin here.
DISCLAIMER: No information on this site should be perceived as investment advice.
No matter what, you should only invest what you can afford to lose.