EXIR Exchange
Frais de l'echange
Méthodes de dépôts
Cryptos prises en charge (7)
EXIR Exchange Review
What is EXIR Exchange?
EXIR Exchange is a cryptocurrency exchange from Iran with headquarters in Tehran. As such, it is the only exchange that we know of from Iran. It launched in December 2017.
Team
The team behind the exchange launched EXIR Exchange as a reaction to assets of Iranian people being blocked on international cryptocurrency exchanges. They needed a safe place to trade at, where they would not need to worry about trade embargoes and sanctions and blocked accounts. So, they started EXIR Exchange. To our understanding, EXIR Exchange is only open to Iranian citizens. Here's a picture of the team:
Trading Volume
On the date of first writing this review (27 August 2020), the platform's 24-hour trading volume according to Coinmarketcap was only USD 1.01 million. The trading volume didn't improve much at all the following year. On the date of last updating this review (2 December 2021), the 24-hour trading volume was USD 388,116. The trading volume must really pick up in order for this platform to be a viable choice for prospective traders.
EXIR Exchange Mobile Support
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that EXIR Exchange’s trading platform is also mobile compatible soon. You will be able to download it to/from both the AppStore and Google Play within the near future:
Affiliate Program
EXIR Exchange also has an affiliate program. Through the affiliate program, you can invite your friends to start an account at the exchange. If they accept, and do start such an account, you will receive a reward from the exchange. We have not been able to ascertain what revenue percentage you will receive from EXIR Exchange in exchange for referring customers (our Persian is a bit off), but here's how they present it on their website:
EXIR Exchange Fees
EXIR Exchange Trading fees
We have not been able to find any info on this exchange’s trading fees. This is potentially a risk for you as an investor (if you do not receive info on the fees anywhere, there is a higher risk that they are high). Accordingly, we urge you to make your own analysis of fees at this exchange before depositing any funds here.
EXIR Exchange Withdrawal fees
We have not been able to find any info on this exchange’s withdrawal fees either. The same warning as we made above under EXIR Exchange Trading fees is made also with respect to the withdrawal fees.
EXIR Exchange Trading View
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at EXIR Exchange:
It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.
Deposit Methods and US-investors
Deposit Methods
In addition to depositing cryptocurrency to the platform, EXIR Exchange also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you need an exchange accepting credit or debit card deposits, just use our Exchange Filters and you'll find one in no time at all.
Seeing as fiat currency deposits are at all possible at this trading platform, EXIR Exchange qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.
US-investors
Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.
EXIR Exchange does not allow US-investors on its exchange. In fact, it only allows Iranian citizens to open an account with them. So if you’re from the US and would like to engage in crypto trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange List and use our Exchange Filters, you can sort the exchanges based on whether or not they accept US-investors.