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

• Rials withdrawal

• User-friendly website

• 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.