Bitpin is a product of Sana Emen Mobadaleh Company, one of the prominent companies in the field of information and communication technology and financial management and investment, and a professional cryptocurrency exchange platform, along with a team of experts in the field of technology and financial management. This platform is an exchange and market. It is online with a professional tool that allows the exchange of top and popular currencies on the platform of blockchain technology.
Review of the main features of the Bitpin exchange
According to Iran digital economy annotation, we know that to choose an online digital currency exchange, we must consider some of our desired features, including security, fee amount, volume of transactions, variety of currencies, duration of transactions and settlement, support, etc. In this section, we will examine some of the main criteria for identifying a valid digital currency exchange in the Bitpin exchange:
Bitpin exchange security
The security of the user account and cash is one of the priorities of the Bitpin platform. According to the Bitpin team, all security measures are provided to create an unhackable platform for the user. But part of the security of any issue comes back to the user’s use and the general security requirements that the user must follow. The Bitpin platform uses a set of technical tools and techniques such as cold storage and the two-factor authentication process to protect the user’s assets.
Fees for trading markets on Bitpin
With the aim of facilitating the transaction process and creating a safe platform to prevent any abuse, Bitpin has divided our dear users into different user levels based on the level of activity. In addition to the necessary documents for authentication, these levels differ from each other in the amount of fees received in different transactions and the daily asset withdrawal limit.
| Level | Turnover | Ordering fee | Customizable fee |
| 1 | 0 to 600 dollors | 0.3% | 0.32% |
| 2 | 600 to 1500 dollors | 0.24% | 0.28% |
| 3 | 1500 to 3000 dollors | 0.19% | 0.21% |
| 4 | 3000 to 8000 dollors | 0.15% | 0.19% |
| 5 | 8000 to 20,000 dollors | 0.1% | 0.14% |
| 6 | More than 20,000 dollors | 0.06% | 0.1% |
The volume of transactions is based on the transactions of the last 30 days, which are updated every day at 23:59.
The fee is deducted from the total amount of the traded asset from each side of the transaction.
The fee for Tether-based transactions, such as Bitcoin/Tether or Ethereum/Tether and similar markets, is fixed at 0.05% for the orderer and 0.1% for the orderable, regardless of the transaction volume.
Rial withdrawal schedule in Bitpin exchange
| Request time | 23 to 10 am | 10 am to 12 | 12 to 23 | Holiday |
| All banks | 11 am to 1 pm | 16 to 18 | 4:00 a.m | No deposit |
| Ayandeh Bank | 16 times a day | 6 times | ||
– The fee for depositing rials in Bitpin is zero
– According to the prices of the Central Bank for Paya and Satna money transfers, the fee for withdrawing Rials from the wallet is calculated as 0.02% of the requested amount (with a ceiling and floor of 6000 Tomans and 2000 Tomans) for every 1000 dollors. For example, the withdrawal fee of 15 dollors will be equal to 2000 Tomans and the withdrawal fee of 2000 dollors will be equal to 14000 Tomans.
– The deposit cannot be withdrawn every day until 00:05 on the first working day.
– The processing time of Paya cycle by the central bank will be different from the time of depositing to the user’s account, and it is usually deposited to the destination account with a delay of 30 to 45 minutes.
– According to the rules announced by the Fata police, the first withdrawal is possible at least 72 hours after the first Riyal deposit.
Authentication in Bitpin exchange
Authentication in BitPin is done at several different levels. You are a Bitpin level 1 user as soon as you register and you will be promoted to higher levels when you authenticate. In general, user levels in Bitpin are divided into 5 real levels and one legal level. The documents required for authentication of each level are different and the accesses and facilities of each level are different from the other level.
After you complete the documents, Bitpin experts will review your documents for up to 24 hours.
Bitpin exchange support process
Bitpin’s support team responds to users instantly by phone, chat, email and ticketing system. If you did not receive the answer to your questions in the support chat or the support bot, or these channels were not available, send an email to support@bitpin.ir, the support staff will answer you quickly.
Other notable features of Bitpin exchange
After reviewing some important factors about the Bitpin exchange, in this section we will discuss other good features of this exchange:
– Dedicated wallet
– Monetization system
– Two-step login
– Ability to convert small amounts
– Ways of communication: chat, phone, in person
– Application: Android
– Monetary base: Tether, Toman
– The networks are: BTC-LN, ETH, BNB, BSC, TRX, BTC
In this part of the introduction of Iranian digital currency exchanges, we introduced the Bitpin exchange and examined the advantages, disadvantages, and other essential features for trusting and choosing an online exchange.
To compare Iranian digital currency exchanges and to know which one you should choose to start financial activity and buy and sell cryptocurrency, stay with us.
