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 crypto-coin for the first time in Iran. But before that, let’s see buying BTC with an exchange.
Without much ado, let’s begin.
How you can buy Bitcoin in Iran
Incase you must know, the process to buy Bitcoin in most cryptocurrency are similarly the same, but the difference is how you get to deposit your fiat funds.
- Choose reliable cheap exchange
- Register and complete LYC (i.e. Know Your Customer)
- Deposit fiat (depending on the exchange)
- Buy Bitcoin.
That’s it! You have successfully bought your first Bitcoin cryptocurrency through an exchange online.
Best ways to buy Bitcoin in Iran
Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.
With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform.
It accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more. Read my Binance review.
- Trustworthy management
- High volume exchange
- Low fees
- Large number of crypto pairs
- Global support.
- Few payment options.
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. Read my detailed review on LocalBitcoins to learn more.
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Lack of cryptocurrency diversity
- Sellers and buyers can be scammed.
LocalCryptos launched in 2015, was known as LocalEthereum. It was initially built a P2P platform for buying Ethereum (ETH) only.
The platform later rebranded – adding Bitcoin (BTC) and Litecoin (LTC), as well as some other established crypto-coins.
This is a non-custodial peer-to-peer exchange. This 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.
- 60+ payment methods
- Trade BTC, ETH, and LTC
- No KYC verification
- Lower exchange fee
- High security than other P2Ps
- Few supported cryptocurrencies
- Vendors can get scammed.
Changelly is an instant exchange that supplies the best live rates on the market for every pair. The interface is colourful and simple to use.
The cryptocurrency transactions on this exchange platform are performed instantly and smoothly, without having to search through numerous exchanges.
Changelly accepts USD, EUR, and GBP for buying cryptocurrency.
- Low fees
- High exchange limits
- 24/7 live chat support
- Limited payment methods.
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.
- Easily accessible
- Fun to use
- Physical kiosk
- Gives transaction receipt
- Good customer service.
- Distance to travel
- Higher fees than most exchanges.
Below are my candid answers to some of the frequently asked questions about how someone can buy Bitcoins cryptocurrency in Iran.
Can you buy Bitcoin in Iran?
Yes you can buy Bitcoins in Iran and through any of the crypto exchanges listed above, as most of them are cheapest exchanges in the market.
Which Bitcoin wallet works in Iran?
There’s no specific wallet for Iranians, but your can read my beginners guide on cryptocurrency wallets to understand about different options to choose.
Is Bitcoin banned in Iran?
Early April 2018, Iran currency (Di rial) fell to all-time low. Banks, credit institutions and currency exchanges had to avoid any sale, or purchase of digital currencies.
Is cryptocurrency illegal in Iran?
In July 2019, Iran became one of the first countries to recognize and license cryptocurrency mining as a legitimate industry.
Can you sell Bitcoin in Iran?
The easiest way to sell Bitcoin 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?
Customers can choose to start buying and selling Bitcoin anonymously, using any one of over 40 different payment methods on the P2P exchange.
Now that you finally purchased your precious Bitcoin, it’s not a great idea to leave it on a cryptocurrency exchange, as they are not safe crypto wallets.
Don’t have a wallet yet?
Check out my guide to find the best Bitcoin and cryptocurrency hardware wallets.
To avoid losing your monetary wealth and investment in exchange hacks, you should always move your crypto funds to your secure personal wallet.