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Wallex

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.

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Last day volume
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212,889 . 21
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Website
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IR
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Wallex

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Rank 19

Wallex at a glance

Since
January 1970
Country
Iran
Founder A group of Students ftom Tehran and Sharif University
Sanctioned countries
less than one Country
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Cryptocurrencies supported by Wallex

Similar Exchanges to Wallex

Every 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

  • 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.

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