Transaction of cryptocurrencies in a secure environment
Sharif and Tehran Universities graduates established The Wallex Exchange intending to eliminate sanctions for Iranian users. The exchange's agenda includes: preventing fraud, a reasonable fee, and creating a safe and secure environment. Wallex is one of the most reputable Iranian online exchanges and supports 20 coins and tokens.
Similar Exchanges to WallexEvery exchange has its highlights. Knowing similar exchanges to Wallex will help you compare between them.
Know more about Wallex
The Wallex is a native exchange for Iranian users. The founder of wallex is a young team consisting of graduated students of Sharif and Tehran universities. They gathered their expertise to establish this Iranian online exchange. The goal of wallex is to create safe and comfortable circumstances for Iranian users in the cryptocurrency market. The site is expanding its capabilities every day.
Wallex currently has more than 500,000 users and more than 7 million transactions. Therefore, It is reputable and trustable for the new users.
Wallex Exchange Pros and Cons
Wallex Exchange advantages
High transaction volume
Support Tether or Rial trading with cryptocurrency and vice versa
High security by using cold storage of user information
Decent support service
Candle charts to measure the market
Assign a unique wallet for each user
Wallex exchange focuses on user security. It has done everything from multi-layered firewalls to keeping assets in cold storage to fulfill this purpose. This way, users have no worries other than trading.
Wallex Exchange Disadvantages
High fees (example: Bitcoin/Tether fee is 0.2%.)
Supports only 20 coins
No mobile application (releasing soon)
The website only supports Persian language
Wallex's main problem is supporting limited numbers of cryptocurrencies. If you are only interested in trading popular coins, wallex may be the best choice. But if you are thinking of buying altcoins, this exchange supports a small number of them.
Another problem with the website is poor graphics. Most users name this as Wallex’s weakness. But graphics have no role in transactions and can still be considered as a good online exchange in Iran.