The start of the first decentralized and non-trust exchange in Iran

With the growth of the cryptocurrency space in the country, the number of exchanges that provided services related to this field increased day by day. Considering the restrictions that have targeted Iranian users due to sanctions, the existence of domestic exchanges in the country is a way for Iranian users to participate and benefit from the cryptocurrency world.

Digital currency exchanges are divided into two categories: centralized and decentralized. A centralized exchange is a type of digital currency exchange that is managed and controlled by a specific organization, institution or individual. These exchanges have facilitated the exchange between fiat currency and digital currency, and for this reason, there is a registration and authentication process in them. Also, these types of platforms allow the user to keep assets in the exchange wallet. Until now, all Iranian exchanges have been focused exchanges and have tried to grow this field in the country by converting Rials into cryptocurrency and creating an environment for cryptocurrency exchanges. But the field of cryptocurrency in the country is still an emerging field and has many shortcomings. One of these deficiencies that has always been felt in the blockchain space of the country is the lack of a decentralized and non-trust Iranian exchange inside the country to provide non-trust services to Iranian users.

Decentralized exchange is a type of digital currency exchange that is not controlled by an institution or organization and all processes are carried out on the blockchain platform. In a decentralized exchange, it is not possible to exchange between fiat currency and digital currency, and therefore there is no need to register and authenticate. High security and user privacy are among the most important features of the decentralized exchange.

exchange Tehran Exchange As the first Iranian non-trust exchange, due to the lack of a decentralized non-trust exchange in the country, with its innovation, it has been able to launch the first decentralized and non-trust platform for the exchange of cryptocurrencies in Iran.

Where did the story of Tehran Exchange begin?

Due to the problems that have arisen for Iranian users due to sanctions, decentralized exchanges are not exempt from this issue and blocked Iranian users. In many cases, even if a user enters foreign decentralized exchanges from the location of Iran, there is a possibility of being banned and losing one’s property, and this issue has increased the risk of Iranian users’ presence on foreign platforms.

Working with centralized exchanges also has its own risks. Problems such as fraud, bankruptcy, and hacking in some of the world’s largest exchanges and the loss of their users have caused the tendency of people to use decentralized and non-trust services more than before. In addition to the things mentioned, the complex registration and authentication processes, the risk of users’ assets being frozen in exchange wallets, and the limited diversity in providing currencies and the restrictions they have in exchanges, have increased the need for a decentralized exchange.

Due to the existence of such problems and obstacles, a group of the best blockchain programmers and specialists in the country decided to provide a solution and thus Tehran Exchange was born as the first decentralized and non-trust Iranian exchange. Tehran Exchange as a knowledge-based and professional platform with user privacy protection, high liquidity in carrying out exchanges and speed of action in listing new cryptocurrencies has been able to fill the void of a decentralized non-trust exchange in the country.

Why Tehran Exchange does not have registration and authentication?

Due to the decentralized and trustless nature of Tehran Exchange, most of the processes in this platform are done in a decentralized and unmediated manner and on the blockchain platform.

Exchange in Tehran Exchange is only cryptocurrency to cryptocurrency and it is not possible to exchange with fiat currency (Rial). Therefore, due to these reasons, users do not need to authenticate and go through complex KYC processes and can exchange easily without registering or authenticating on the site and application.

What is the advantage of Tehran Exchange?

In Tehran Exchange, you can do your exchange in different blockchain networks using cross-chain technology. Listing of cryptocurrencies is done at high speed and even some tokens are listed on the same day of release and exchange is possible. Also, to solve the liquidity problem, Tehran Exchange is connected to several liquidity pools and is responsible for the transactions of its users with sufficient financial support.

Another one of the most important features of Tehran Exchange is its very low fee, which is lower than most non-trust exchanges and offers a fairer price. To compare the fees, you can use the Tehran Exchange converter and check the difference in fees without having to do the exchange.

Due to the decentralized nature of this exchange, most of the processes are carried out on the blockchain platform and by smart contracts. This allows the privacy and security of users’ assets to be maintained, because the user’s assets are not borrowed and the exchanges are done on a peer-to-peer basis.

There is no risk of hacking, bankruptcy, liquidity problem, fraud, wallet freezing due to sanctions and many other problems in non-trusted Tehran Exchange.

Security in non-trust exchange, Tehran Exchange

Due to the decentralization of the processes in Tehran Exchange, most of the transactions are carried out by smart contracts and users do not provide their assets to the exchange and only exchange between users’ wallets, which creates a lot of security for users’ activities.

In Tehran Exchange, user information and database are not stored, also all website security tests have been conducted by a team of security experts and have been successful.

One of the facilities of Tehran Exchange is the possibility of exchanging with the WalletConnect protocol. The WalletConnect protocol is used by a large number of cryptocurrency wallets and allows the user to easily connect to decentralized applications (DApps).

In fact, Wallet Connect is an open source protocol for secure communication between wallets and decentralized applications. It is very important that in Wallet Connect protocol there is no access to your private keys and it is a completely secure and protected protocol.

Non-trust site and application of Tehran Exchange

It can be said that one of the biggest challenges of decentralized exchanges in the world is the complexity of their user interface for people to use. By designing a simple and professional user interface, as well as providing sufficient explanations on the site and converter, Tehran Exchange has provided the possibility of easy use of the platform for everyone and guides its users along the way of exchange.

Also, the application of Tehran Exchange for Android and iOS has been made available to users and has all the features of the site that can be downloaded from reputable markets.

The exchange experience in a non-trust exchange with full respect for privacy will definitely be a satisfactory and professional experience. Safe and fast exchange in transactions is one of the most important concerns of cryptocurrency activists in Iran, which Tehran Exchange provides for its users in the best way.