No Regulation

Score

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/10

Nobitex

Iran

|

5-10 years

Suspicious Regulatory License|

Medium potential risk|

https://nobitex.ir/

Website

Rating Index
Contact
Nobitex
021-91009925
support@nobitex.ir
https://nobitex.ir/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-03-28

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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Company Name
Nobitex
Regulatory Status
No Regulation
Company Abbreviation
Nobitex
Platform registered country and region
Iran
Phone of the company
021-91009925

User Reviews

More

9 ratings

Participate in evaluation
Koro
Bitcoin mining 815 main street Oregon this address has a restaurant on that ñumber and no sign of a Bitcoin mining on that streét. They have sent my father over 250 emails saying that he has a balance of $38.000 owing to him for 12 months prior. as they hàd ñot heard from hím they had carryed on using his one and hi ip address. My father had a stroke from blood clots fo hís brain which has affectéd hís memory
2023-05-25 22:14
0
0
Thananpol Limsuwankiti
Turn back from Nobitex immediately! Poor experience with security and unreliable customer support!
2023-12-19 17:04
1
0
Aziz najafi
very good
2023-12-28 01:15
0
0
ali6448
good👍👍👍💙
2023-06-05 03:56
0
0
pezhman8235
goooddd
2023-05-17 14:30
0
0
mohamad2133
very 👍
2023-05-08 05:38
0
0
BIT2793588334
very good
2023-05-05 03:17
0
0
Ebrahim Tajallaie
Nobitex is very very good 👍❤️👍❤️👍❤️👍❤️👍❤️
2023-04-18 07:27
0
0
Hadi9821
It is the best exchange in Iran and the Middle East
2023-04-05 16:21
0
0
Exchange Name Nobitex
Founded Year 2016
Regulatory Agency Unregulated
Cryptocurrencies Available 80+
Fees From 0.065% to 0.25%
Payment methods Shatab Card,Cryptocurrencies
Customer support Online chatEmail: @nobitexmarketTicket registrationPhone number:021-91009925

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

Pros Cons
Competitive fees Limited supported currencies
Secure wallet Unregulated
Comprehensive customer support
Transparent fee structure

Pros:

Secure Wallet: Nobitex prioritizes the security of your assets by keeping your private wallet password offline, shielding it from hacking attempts, and bolstering the overall protection of your holdings.

Competitive Fees: Nobitex employs a fee system designed for competitiveness, featuring notably low buying and selling fees that decrease as your transaction volumes grow. This approach encourages active trading while maintaining cost-effectiveness for users.

Transparent fee structure: On the Nobitex website, all fees are meticulously outlined, allowing traders to swiftly grasp the comprehensive fee structure at a glance.

Cons:

Unregulated: According to our Wikibit investigation, Nobitex is not regulated by any regulatory authorities.

Limited supported currencies: It only offers 86 cryptocurrencies for trading, a small number compared to exchanges like Coinbase and Binance.

Regulatory Authorities

The current assessment of Nobitex Exchange reveals that it currently operates without a valid regulatory framework. It is imperative to exercise prudence and maintain a heightened awareness of the potential risks when contemplating engagement with this particular exchange.

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.

    • Trading Market

      Nobitex offers a diverse range of trading assets, including spot trading, futures trading, and margin trading.

    • Spot Trading Assets

    • Nobitex's spot trading platform allows users to buy, sell, and trade a variety of cryptocurrencies at prevailing market prices. Notable spot trading assets include:

    • Bitcoin (BTC): The pioneering cryptocurrency and store of value.

    • Ethereum (ETH): The second-largest cryptocurrency by market capitalization, powering the Ethereum blockchain and its ecosystem of decentralized applications (DApps).

    • Tether (USDT): A stablecoin pegged to the US dollar, providing a stable asset in the volatile cryptocurrency market.

    • Futures Trading Assets

    • Nobitex's futures trading platform enables users to speculate on the future price of cryptocurrencies with leveraged positions. Popular futures trading assets include:

    • Bitcoin Futures (BTC): Speculate on the future price of Bitcoin with up to 100x leverage.

    • Ethereum Futures (ETH): Predict the future price of Ethereum with up to 50x leverage.

    • USDT-Margined Futures: Trade futures contracts using USDT as collateral, offering flexibility and risk management options.

    • Margin Trading Assets

    • Nobitex's margin trading feature allows users to amplify their trading profits (or losses) by borrowing funds from the exchange. Margin trading assets include:

    • Margin-Enabled Spot Trading: Utilize margin to trade spot pairs with enhanced buying power.

    • Isolated Margin Futures: Isolate margin usage to specific futures contracts, limiting potential losses.

    • Cross Margin Futures: Share margin across multiple futures contracts, increasing potential returns but also magnifying risks.

    • Nobitex's extensive suite of trading assets empowers users to navigate the dynamic cryptocurrency landscape with a diverse array of options, catering to both conservative and risk-averse traders.

      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.

    • Cryptocurrencies Available

      Services

      Nobitex offers a comprehensive suite of features to enhance the cryptocurrency experience for its users.

    • Locket Wallet: Nobitex's integrated Locket Wallet provides a secure and convenient way to store, manage, and send cryptocurrencies. The wallet supports a wide range of cryptocurrencies and offers advanced security features like two-factor authentication and multi-signature support.

    • Over-the-Counter (OTC) Trading: Nobitex facilitates OTC trading, enabling users to trade large cryptocurrency amounts directly with the exchange. This service is particularly beneficial for institutional investors and traders seeking customized transactions.

    • Staking and Lending: Nobitex provides staking and lending services, allowing users to earn passive income on their crypto holdings. By staking certain cryptocurrencies, users can participate in validating blockchain transactions and receive rewards. Lending enables users to lend their cryptocurrencies to others and earn interest.

    • Services

      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.

    • The Nobitex app is a powerful and versatile tool for cryptocurrency traders of all levels of experience. Whether you are a beginner just getting started or an experienced trader looking for a new platform, the Nobitex app is a great option to consider.

      Nobitex APP

      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 Open an Account?

      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.

    • 8. Site Guide Reference:

    • For additional information or guidance, users are encouraged to refer to the Nobitex Site Guide for detailed instructions and any specific platform features.

    • It's essential to follow the Nobitex platform's guidelines and security measures during each step of the process to ensure a secure and smooth transaction experience. Users should also familiarize themselves with the platform's policies and terms of use for a comprehensive understanding of Nobitex's services.

       How to Buy Cryptos?

      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.

    •  Trading Fees

      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.

    • Customer Support

      Nobitex offers a robust customer support system with various channels for assistance.

      Users can quickly find answers in the detailed FAQ section or benefit from real-time support through the 24/7 online chat system.

      Important updates are communicated via the official Telegram channel. Account-related issues can be addressed by submitting tickets, ensuring personalized follow-up.

      For direct contact, users can reach out through the provided phone number, +98 21 91009925, available from Saturday to Thursday, 8:00 AM to 9:00 PM (local time).

      Additionally, inquiries can be directed to support@nobitex.ir via email.

      Customer Support

      Educational Resources

      Nobitex offers a comprehensive suite of educational resources to help its users learn about cryptocurrency trading and blockchain technology. These resources include:

    • Blog posts: Nobitex's blog regularly publishes informative articles covering a wide range of cryptocurrency topics, from beginner tutorials to advanced trading strategies.

    • Tutorials: Nobitex provides step-by-step tutorials on various aspects of cryptocurrency trading, such as how to set up an account, how to place trades, and how to use margin trading.

    • Videos: Nobitex's YouTube channel features educational videos on a variety of cryptocurrency topics, presented in an easy-to-understand format.

    • Frequently Asked Questions (FAQs): Nobitex's FAQ section provides answers to common questions about cryptocurrency trading and the Nobitex platform.

    • These educational resources are a valuable asset for users of all levels of experience, from beginners just getting started to experienced traders looking to expand their knowledge. Nobitex's commitment to education is evident in the high quality and comprehensiveness of its educational resources.

      Conclusion

      In summary, Nobitex stands as the world's first exchange facilitating digital currency transactions with the Iranian currency. Offering services for cryptocurrencies such as Bitcoin, Ethereum, and Tether, the platform emphasizes user fund security through features like secure wallets and a competitive fee structure. However, it operates without current regulatory oversight. Its strengths include secure wallet management and transparent fee structures, yet drawbacks encompass the lack of regulation and a limited number of supported cryptocurrencies. Nobitex employs security measures such as wallet balance management, Shatab card integration, and two-factor authentication.

      Is Nobitex a Good Exchange for You?

      Nobitex is the best exchange for Iranian cryptocurrency traders seeking a reliable and secure platform with a focus on Iranian Rial (IRR) pairing and compliance with local regulations.

      Nobitex is a versatile cryptocurrency exchange that is suitable for a wide range of users. Whether you are a beginner, an intermediate trader, or an experienced professional, Nobitex has the features and services that you need to succeed in the cryptocurrency market.

      Beginners: Nobitex is a great platform for beginners because it is easy to use and has a variety of educational resources to help you learn about cryptocurrency trading. The app also has a low minimum deposit requirement, so you can start trading with a small amount of money.

      Intermediate Traders: Nobitex offers a variety of features that are useful for intermediate traders, such as margin trading, staking, and a variety of order types. The app also has a high level of liquidity, so you can be sure to get the best possible price for your trades.

      Experienced Traders: Nobitex is a sophisticated platform that meets the needs of experienced traders. The app offers a variety of advanced trading tools, such as charting tools, technical indicators, and market depth data. Nobitex also has a variety of institutional-grade services, such as asset custody and OTC trading.

      FAQs

      Q: Where is my money stored?

      A: In Nobitex, your funds are securely stored within your personal cryptocurrency wallet on the platform. This wallet is a digital storage space specifically designed to hold your cryptocurrency holdings.

      Q: What kind of rewards can users earn on Nobitex?

      A: By inviting your friends with your exclusive link, you will receive up to 30% of their transaction fees from Nobitex forever every time they trade.

      Q:What assets are available for spot trading on Nobitex?

      A:Nobitex's spot trading platform offers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

      Q:Can I engage in futures trading on Nobitex?

      A:Yes, Nobitex provides futures trading options with popular assets like Bitcoin (BTC) and Ethereum (ETH).

      User Review

    • User 1:

    • Nobitex is my crypto safe haven. Security's A+, no doubts about my coins. Regulation's a bit fuzzy, though. Interface? Bit clunky, takes time to get used to. Limited cryptos bug me; gotta go elsewhere for variety. Customer support's responsive, saved me once. Trading fees? Not bad, but could be friendlier.

    • User 2:

    • Nobitex's been my crypto hub. Security's tight, sleep like a baby. Regulation's unclear, but they seem legit. Interface's clean, easy for trades. Liquidity's sometimes shaky, but fine for usual deals. Crypto options are decent, covers my basics. Support's a winner, quick to sort hiccups. Fees? Middle-ground. Smooth deposits, withdrawals not snappy though. Overall, reliable.

    • Payment with Shatab Cards:

    • Nobitex provides the option to trade an extensive range of cryptocurrencies using Tomans, utilizing Shatab member bank cards for deposit and withdrawal transactions. This integration bridges the gap between conventional financial systems and the realm of digital assets, facilitating a smooth and efficient exchange process.

    • Go to the official Nobitex website using a web browser.

      • Look for the “Sign Up” or “Register” button on the website's homepage.

        • Fill in the required fields with your personal information. This may include your full name, email address, and a secure password.

          • After providing your email, Nobitex may send a verification email to the address you provided.

          • Click on the verification link in the email to confirm your email address.

            • Nobitex may require you to complete a KYC verification process to comply with regulatory standards. This typically involves submitting identification documents, such as a government-issued ID or passport, and possibly proof of address.

              • Enhance the security of your account by setting up two-factor authentication. This usually involves linking your account to a 2FA app on your mobile device.

                • Once your account is verified, you may need to deposit funds into your Nobitex account. Follow the platform's instructions for depositing fiat currency or cryptocurrencies.

                  • Visit the Nobitex website and proceed to open an account.

                  • Complete the necessary registration steps by providing required information.

                  • Authenticate your account through the specified verification process.