Introduction and review of the Iranian exchange AbanTether
In 2004, the first cryptocurrency exchange, known by an unfamiliar name, started its operation in Australia. However, due to the public’s lack of awareness and the absence of necessary licenses for official operation, this platform encountered problems and failed in a short period. The lack of customer appeal led to the failure of this exchange.
Two years later, two Polish and Russian entrepreneurs succeeded in establishing a new exchange in America. This exchange, unlike its predecessor, managed to buy and sell close to 30 million dollars worth of cryptocurrency in a short time and achieved relative success. But after a while, the United States of America declared it illegal and shut it down. The reason for this decision was the absence of clear regulations for the operation of exchanges.
As time passed and public awareness about exchanges and cryptocurrencies increased, these transactions were gradually recognized as legal, and various exchanges were able to continue their operations.
AbanTether exchange was founded in Iran in 2018 (1397 in the Iranian calendar) and began its work by Sharif University of Technology’s industrial elites. Initially, this exchange focused on the Tether (USDT) currency, and over time, it increased the number of different cryptocurrencies in its trading portfolio. Thus, the scope of AbanTether’s activities expanded more broadly.
By attracting a large volume of users, AbanTether succeeded in increasing trading on the exchange. An interesting point is that this exchange pays special attention to the needs and desires of its customers and strives to gain user satisfaction. AbanTether is strongly committed to upgrading its services and responding to the changing needs of its customers. In the final stage, if there are specific requests from individuals to add a particular cryptocurrency, it is quickly added to their website and made available to users.
This exchange has a very simple and easy user interface, which is the reason for its popularity and also its large user base. By providing a suitable platform, this exchange offers services for buying, selling, and trading cryptocurrencies and altcoins. In its early days of operation, AbanTether focused on providing Tether and then, over time, added other currencies to its platform. The AbanTether exchange can be introduced as one of the fastest cryptocurrency exchanges in Iran.
At AbanTether exchange, the minimum deposit amount for Rial deposits is 10,000 Tomans, and there is no limit for cryptocurrency deposits; users can deposit any amount as allowed by the network.
For withdrawals from AbanTether exchange, there are no limits for users in the Rial withdrawal case, and for withdrawing cryptocurrencies, they can proceed according to network limitations for withdrawals. You can follow the latest news in the finance sector on Nima Imani’s website.
Table of Content
- Fees for buying and selling cryptocurrency
- Buying and selling cryptocurrency
- Withdrawal from Abantether exchange
- Security of user accounts in Abantether
- What are the conditions for receiving a loan from AbanTether exchange?
- Comprehensive guide to Aban Tether exchange
- Registration on Abantether
Fees for buying and selling cryptocurrency
Transaction fees may be charged as a fixed percentage of the amount of cryptocurrency you buy or sell. The exchange may differentiate between maker and taker orders and charge different percentages accordingly. At a basic level, makers are orders that add liquidity to the exchange, meaning they do not execute existing limit orders.
Meanwhile, takers remove liquidity from the exchange by completing pending orders. Depending on the exchange, maker fees are typically slightly lower than taker fees, although this is not always the case. While ideally, you would choose the exchange with the lowest fees, focusing too much on maker and taker fees can be counterproductive.
This is because you cannot choose whether your order is processed as a maker or a taker. Instead, by considering the overall fees and any discounts for trading a certain amount per month or holding the exchange’s native cryptocurrency, it is better to proceed.
AbanTether allows trading and conversion of over 300 cryptocurrencies. The image below shows some of the most important digital currencies that this exchange offers.
The AbanTether user panel is very simple due to its Persian language interface.
On the initial page, also known as the dashboard, information about the balance in Tomans and Tether is displayed. Options for buying, selling, depositing, withdrawing, and transferring are also visible in the table of supported currencies by Abantether on the same page. It is worth noting that users can also find and use the buy and sell options in the “Financial Operations” section. Announcements, news, and warnings are also displayed on this page.
Activating and deactivating the option to receive one-time codes via email and mobile phone is possible in the security section.
Control of connected devices is available through the “Log out from connected devices” option, which allows users to log out of all active accounts on all devices.
From the security section, you can also block your account, and if you need to recover your account, you can contact support.
Advantages:
- Ability to buy cryptocurrency through Shaparak-affiliated bank cards.
- Identity verification through two fast and easy methods.
- Conducting transactions without any amount limitations.
- Appropriate transaction speed.
- Over 300 cryptocurrencies.
- Setting Stop-Loss (SL) and Take-Profit (TP) levels.
- Favorable rates for buying and selling cryptocurrency.
- 24/7 customer support.
- You can transfer cryptocurrencies between exchange users without any fees.
- In-person trading is possible by visiting the exchange’s office.
- Support for charts from tradingview.com and access to all technical analysis indicators and tools.
Disadvantages:
- Lack of sufficient training for operating on the exchange.
- Absence of a support ticket system.
- No dedicated wallet.
- Unclear exact time for identity verification.
Buying and selling cryptocurrency
Log in to your user panel and click on the “Financial Operations” option in the menu on the right side of the image.
In the displayed window, first, enter the desired cryptocurrency in the box at the top.
Two options, “Market Price” and “Specific Price,” will be shown to you. “Market Price” displays the real-time price of the desired cryptocurrency for users, while in “Specific Price,” you can enter your desired price, and it will be purchased for you when it reaches that price. (Note: For buying Tether, purchases are only possible at the market price).
Enter the amount of cryptocurrency you wish to buy.
In the box below, the global price, network price, fees, and the approximate total purchase amount will be displayed for you. (For Tether cryptocurrency, the network price and fees are 0).
Please note that before making the transaction, you must charge the desired amount in your AbanTether exchange wallet and then proceed with the purchase.
Now, by selecting “Complete the purchase process,” you can buy your desired amount of Tether.
Withdrawal from Abantether Exchange
Traders who intend to withdraw cryptocurrency or Tomans from their account on the Abantether exchange should select the “Withdrawal from Abantether Exchange” option in their personal cabin under the “Financial Operations” section.
In the withdrawal window, by selecting the cryptocurrency and the network, entering the destination wallet address and the amount, and then clicking “Register Withdrawal,” the cryptocurrency withdrawal from your account will be completed.
For Rial or Toman withdrawals from the Abantether exchange account, select the desired amount or click on “Withdraw all balance” and choose the previously registered IBAN number, then confirm and complete the withdrawal.
Security of User Accounts in Abantether
The primary principle in Abantether’s policies is related to maintaining user security. This security is focused on two fundamental aspects: first, preserving users’ identity and personal information, and second, emphasizing trustworthiness in safeguarding their digital assets and possessions. Abantether manages a portion of this responsibility excellently, but it should be noted that a significant part of this responsibility also lies with the users themselves.
Users’ knowledge and awareness of the principles of trustworthiness and proper asset management are of great importance. Up-to-date information and a precise understanding of the cryptocurrency market are the key to managing and preserving personal asset security. Therefore, by expanding your knowledge of this market, you can best take advantage of its opportunities and features.
Conditions for Obtaining a Loan from AbanTether Exchange
The method for applying for and receiving a loan from AbanTether exchange is as follows: The loan, known as “Aban Loan,” differs from other loans with its specific features. To apply for a loan from AbanTether exchange, users must pledge a certain amount of cryptocurrency as collateral and can receive a maximum loan amount of 4 million Tomans.
The repayment period for the Aban loan is set as three months, six months, or nine months, varying according to the different conditions of the borrower. The application for the Aban loan is done online, and the requested loan may be transferred to the user’s account in less than an hour. This fast and easy process facilitates loan reception for users.
Comprehensive Guide to Aban Tether Exchange
The AbanTether exchange has a very simple and easy user interface, which is the reason for its popularity and also its large user base. By providing a suitable platform, this exchange offers services for buying, selling, and trading cryptocurrencies and altcoins. In its early days of operation, AbanTether focused on providing Tether and then, over time, added other currencies to its platform. The AbanTether exchange can be introduced as one of the fastest cryptocurrency exchanges in Iran.
At AbanTether exchange, the minimum deposit amount for Rial deposits is 10,000 Tomans, and there is no limit for cryptocurrency deposits; users can deposit any amount as allowed by the network.
For withdrawals from AbanTether exchange, there are no limits for users in the Rial withdrawal case, and for withdrawing cryptocurrencies, they can proceed according to network limitations for withdrawals.
Registration on Abantether
First, visit the AbanTether exchange website. At the top of the main page, click on the “Login/Register” button and go to the registration section.
In this section, you can register by entering your mobile number or email address and choosing a password. After completing the required fields and reading the terms and conditions, check the box to accept the terms and complete your membership. To do this, enter the verification code in the provided box.
After registration and logging into the AbanTether exchange, you will need to complete identity verification, which can be done in two ways: instant and standard.
As shown in the image below, for instant identity verification, only your bank card and national smart card are required.
However, for standard identity verification, you need to take a selfie and write a commitment letter. Additionally, images of your ID card and national card are required.
Now you are ready to conduct transactions on this exchange.
AbanTether allows trading and conversion of over 300 cryptocurrencies. The image below shows some of the most important digital currencies that this exchange offers.
The AbanTether user panel is very simple due to its Persian language interface.
On the initial page, also known as the dashboard, information about the balance in Tomans and Tether is displayed. Options for buying, selling, depositing, withdrawing, and transferring are also visible in the table of supported currencies by Abantether on the same page. It is worth noting that users can also find and use the buy and sell options in the “Financial Operations” section. Announcements, news, and warnings are also displayed on this page.
Activating and deactivating the option to receive one-time codes via email and mobile phone is possible in the security section.
Control of connected devices is available through the “Log out from connected devices” option, which allows users to log out of all active accounts on all devices.
From the security section, you can also block your account, and if you need to recover your account, you can contact support.
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