Bitcoin adaptation in Iran as payment method is quite increasing!
This particular country somehow, happens to be the home for most of the popular BATMs (Bitcoin Automated Transfer Machines) in the crypto market.
Today, we’re going to look at some of the best ways to purchase Bitcoin for the first time in Iran.
Without much ado, let’s begin.
Shall we…?
How you can buy BTC in Iran
Incase you must know, the process to buy Bitcoin in most places are similarly the same, but the difference is how you get to deposit your funds.
- Choose reliable crypto exchange
- Register and complete KYC (i.e. Know Your Customer)
- Deposit fiat (depending on the exchange)
- Buy Bitcoin.
You have successfully bought your first Bitcoin through a crypto exchange online.
Best ways to buy Bitcoin in Iran
My advice is to choose from the best cryptocurrency exchanges in Iran, and remember to use their respective links to avoid phishing scam.
1. Binance
Binance is an exchange for experienced investors who are looking for a respectable platforms to perform real-time exchanges.
It has support for over 166+ cryptocurrencies.
Both beginners and advanced investors have a myriad of tools and pairs available to them within one powerful exchange platform.
It accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
| Pros | Cons |
|---|---|
| Trustworthy management | KYC is required |
| High volume exchange | Few payment options |
| Large number of crypto pairs | |
| Low fees | |
| Global support |
2. LocalBitcoins
LocalBitcoins a P2P (Person-to-Person) Bitcoin exchange marketplace that specializes in connecting buyers and sellers, while serving as an escrow.
This platform gives vendors the ability to create offers in all currencies.
| Pros | Cons |
|---|---|
| Available in every country of the world | Lack of cryptocurrency diversity |
| A diverse selection of buyers and sellers | Sellers and buyers can be scammed |
| Supports many payment methods | |
| Buyers get their Bitcoins fast | |
| Private |
3. LocalCryptos
LocalCryptos launched in 2015, was initially known as LocalEthereum P2P platform for specifically buying Ethereum (ETH) only.
The platform later rebranded – adding support for Bitcoin (BTC) and Litecoin (LTC) and some other established crypto-coins.
It’s also a non-custodial peer-to-peer exchange, which means you do not have to deposit your crypto directly on the platform to sell.
Also, you are not required to verify your identity to use LocalCryptos.
Compared to Paxful, LocalCryptos has fewer payment methods, even though it continues to expand aggressively.
Sellers pay a 0.25% trading fee while buyers pay a 0.75% trading fee.
| Pros | Cons |
|---|---|
| 60+ payment methods | Few supported cryptocurrencies |
| Trade BTC, ETH, and LTC | Vendors can get scammed |
| No KYC verification | |
| Lower exchange fee | |
| High security than other P2Ps |
4. Changelly
Changelly is an instant exchange that supplies the best live rates on the crypto market for every pair.
The interface is colourful, attractive and simple to use.
Transactions on the platform are performed instantly and smoothly, without having to search through numerous exchanges.
Changelly accepts USD, EUR, and GBP for buying cryptocurrency.
| Pros | Cons |
|---|---|
| Fast | Limited payment methods |
| Private | |
| Low fees | |
| High exchange limits | |
| Good customer service |
5. Bitcoin ATM
Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand.
There is a Bitcoin ATM in every region of the world.
Check out my guide on how to find Bitcoin ATM on the map on Coin ATM Radar, to see if there is one near you.
| Pros | Cons |
|---|---|
| Easily accessible | Distance to travel |
| Convenient | Higher fees than most exchanges |
| Fun to use | |
| Physical kiosk | |
| Gives transaction receipt | |
| Good customer service |
Can you buy Bitcoin in Iran?
Yes you can buy Bitcoins in Iran through any of the exchanges listed above, as most of them are cheapest in the market.
Which Bitcoin wallet works in Iran?
There’s no specific wallet for Iranians, but there are some other options to choose.
Is cryptocurrency banned in Iran?
Early April 2018, Iran currency (Di riel) fell to all-time low. Banks, credit institutions and exchanges had to avoid any sale, or purchase of digital currencies.
Can you sell Bitcoin in Iran?
Easiest way to sell BTC in Iran is to use any of the best Peer-to-Peer exchange marketplaces on the internet.
What is the best place to buy BTC in Iran?
LocalBitcoins is the easiest and most accessible method for buying BTC in Iran, as the verification process is simple and secure for all users worldwide.
Customers can choose to start buying and selling Bitcoin anonymously, using any one of over 40 different payment methods on the P2P exchange.
Final words
Now that you finally purchased your precious Bitcoin, it’s not a great idea to leave it on an exchange, as they are not safe crypto wallets.
Check out my guide to find the best Bitcoin and cryptocurrency hardware wallets.
To avoid losing monetary wealth and investment in exchange hacks, you should always move your funds to your secure personal wallet.
