Nobitex

Overview of Nobitex

Established in 2016, Nobitex stands as the world's first digital currency exchange that facilitates transactions with the Iranian currency. With a diverse range of trading assets, including spot, futures, and margin trading, Nobitex caters to a broad spectrum of cryptocurrency traders with 86 supported cryptocurrencies. While emphasizing user fund security through offline wallet password storage and a competitive fee structure, it operates without current regulatory oversight. Pros include a secure wallet and transparent fee structure, while cons involve the lack of regulation and a limited selection of supported cryptocurrencies. Nobitex's commitment to security includes features like wallet balance management, Shatab card integration, and two-factor authentication.

Pros and Cons

Security

Nobitex promises several security measures to protect clients' fund security.

Wallet Balance Management：

Nobitex offers a solution for managing your cryptocurrency holdings. Through its unified platform, you can effortlessly engage in activities such as purchasing, selling, and monitoring the balances of a variety of popular cryptocurrencies.

Two-Factor Authentication (2FA):

Users can enable 2FA to fortify their accounts with an additional authentication layer, preventing unauthorized access even if login credentials are compromised.

Cryptocurrencies Available

Nobitex boasts an impressive selection of 86 cryptocurrencies, encompassing renowned options like BTC, USDT, ETH, and DOGE, alongside more specialized alternatives such as GMX, CVX, ΤΟΝ, and others.

This diverse array empowers both newcomers and seasoned traders to select their preferred cryptocurrencies for trading activities.

Nobitex APP

The Nobitex app is a comprehensive cryptocurrency trading platform that allows users to buy, sell, and trade a variety of cryptocurrencies. The app also offers a number of other features, such as a built-in wallet, margin trading, and staking.

Here are some of the key functions of the Nobitex app:

Buy, sell, and trade cryptocurrencies: Users can buy, sell, and trade a variety of cryptocurrencies directly from the app.

Access real-time market data: Users can view real-time market data for all supported cryptocurrencies.

Set up price alerts: Users can set up price alerts to be notified when the price of a cryptocurrency reaches a certain level.

Make margin trades: Users can borrow funds from the exchange to make margin trades, which can amplify their profits (or losses).

Earn rewards through staking: Users can stake certain cryptocurrencies to earn rewards.

Store cryptocurrencies securely: Users can store their cryptocurrencies securely in the app's built-in wallet.

How to Open an Account？

Here is a step by step guide on how to open a Nobitex account:

Visit the Nobitex Website:

Click on “Sign Up” or “Register”:

Provide Personal Information:

Verify Email:

Complete KYC (Know Your Customer) Verification:

Set Up Two-Factor Authentication (2FA):

Deposit Funds:

How to Buy Cryptos？

Below is a step-by-step guide on how to buy cryptocurrencies on the Nobitex site:

Account Opening:

2. Bank Account Top-Up:

Upon successful authentication, users can top up their Rial account using the provided banking portal.

Utilize the portal to deposit funds into your Nobitex account.

3. Order Placement:

Once the Rial account is charged, access the ordering system on the Nobitex site.

Register your purchase request for the desired digital currency, specifying the preferred price and volume.

4. Matching with Sellers:

The ordering system will attempt to match your purchase request with available sellers on the platform.

If a suitable seller is found who agrees to your specified price and volume, the system will proceed to complete the order.

5. Purchase Completion:

Upon successful matching and agreement with a seller, the purchase order will be completed.

The wallet associated with the purchased digital currency will be automatically credited with the acquired amount.

6. Wallet Management:

Following the completion of the purchase, users can manage their digital assets through the Nobitex wallet.

Users may check their wallet balances and monitor their cryptocurrency holdings.

7. Withdrawal Request:

If desired, users can request the withdrawal of digital currency from their specific wallet on the Nobitex platform.

Follow the platform's withdrawal process to transfer your digital assets to an external wallet or address.

Trading Fees

Fee steps in Nobitex change based on the trading volume of 30 days leading to the trading day. The calculations of the trading volume of the last 30 days are done and updated at the beginning of each day from 04:00-03:00 in the morning.

Transaction fees at all user levels are calculated based on the volume of thirty-day transactions, except for the trade level, according to the table below.

Payment Methods

Nobitex offers a range of convenient payment methods to facilitate cryptocurrency transactions:

Shatab Card Integration: Nobitex allows you to trade various cryptocurrencies using Tomans (Iranian currency) through the deposit and withdrawal of funds using Shatab member bank cards. This integration bridges traditional financial systems and digital assets, enabling a smooth and accessible trading experience.

Bank Transfers: Users can conduct transactions through traditional bank transfers, providing a secure and widely recognized method for funding their accounts and engaging in cryptocurrency trading.

Online Payment Platforms: Nobitex may offer compatibility with popular online payment platforms, providing users with a familiar and convenient means of purchasing cryptocurrencies.

Cryptocurrency Deposits: Users can fund their accounts with a variety of cryptocurrencies, offering flexibility and convenience for those who already hold digital assets.