Nobitex Exchange Cheat Sheet
Yaser Rahmati | یاسر رحمتی
1. Getting Started with Nobitex
Website: nobitex.ir
Supported Assets: Major cryptocurrencies like BTC, ETH, XRP, and more, plus Iranian Rial (IRT) and Tether (USDT) pairs.
Languages: Primarily Persian, but supports English.
Sign-up: Requires email and phone verification, with ID verification for withdrawals.
2. Creating & Verifying an Account
Sign-Up: Basic email and mobile number entry.
KYC Verification:
Level 1: Basic trading, restricted withdrawals.
Level 2: Full access with national ID, address, and bank details.
2FA Setup: Add two-factor authentication (2FA) via Google Authenticator for added security.
3. Deposits & Withdrawals
Supported Methods: Bank transfers in IRT (Iranian Rial) and crypto deposits.
Deposit:
Fiat: Bank transfer (directly in IRT).
Crypto: Transfer to the wallet address provided by Nobitex.
Withdrawal Limits: Increases with higher verification levels; withdrawal fees vary by cryptocurrency.
Fiat Withdrawal Time: Typically 1–2 business days.
4. Trading Pairs and Markets
Main Markets:
IRT Market: Pairs with Iranian Rial.
USDT Market: Tether (USDT) as a base pair for crypto-to-crypto trading.
Popular Pairs: BTC/IRT, ETH/IRT, BTC/USDT, ETH/USDT.
Order Types:
Market Order: Immediate execution at the current market price.
Limit Order: Execute when price reaches a specified level.
Stop-Limit: Triggered when a specified price is reached.
5. Understanding Trading Fees
Trading Fees:
Vary by account level and trade volume.
Reduced fees for higher volumes and verification levels.
Deposit Fees:
Fiat: Generally free for IRT deposits.
Crypto: No fee for deposits but depends on blockchain fees.
Withdrawal Fees:
Depends on the cryptocurrency (e.g., BTC, ETH).
Fiat withdrawal fees for bank transfers.
6. Wallets on Nobitex
Wallet Types:
Separate wallets for each cryptocurrency.
Supports stablecoin wallets like USDT.
Managing Funds:
Easy fund transfer between wallets for trading and withdrawals.
Security: Strong recommendation to set up 2FA for wallet protection.
7. Security Best Practices
Two-Factor Authentication (2FA): Enable for both logins and withdrawals.
Withdrawal Whitelisting: Add trusted addresses only.
Secure Password: Use a strong and unique password.
Phishing Awareness: Always verify Nobitex URL to avoid fake sites.
8. Analyzing the Market: Tools and Features
Charts: Real-time charts with basic technical analysis tools.
Order Book: Live order book for tracking buy/sell offers.
Trading History: Review of recent trades for price trends.
Price Alerts: Set custom alerts for price changes (optional feature).
9. API for Advanced Users
Nobitex API:
Access for automated trading.
Requires API key generation from the account.
Useful for setting automated strategies, portfolio management, and custom alerts.
Documentation: Available on the Nobitex website for developers.
10. Tips for Managing Risks
Start Small: Begin trading with small amounts to understand the platform.
Diversify Portfolio: Avoid placing all funds in one asset.
Avoid Leveraged Trades: Nobitex does not currently offer leverage but always trade with caution.
Set Stop-Losses: Use stop-limit orders to prevent large losses.
11. Common Errors and Troubleshooting
Login Issues: Reset password, ensure 2FA is working.
Withdrawal Delays: Check verification level and bank details.
Transaction Errors: Verify blockchain confirmation times for crypto transfers.
Support: Contact Nobitex support via website chat or email for issues.
12. Legal Considerations and Compliance
Supported Regions: Primarily designed for Iranian users.
Compliance: Users must adhere to Iranian regulations.
Account Restrictions: Restricted accounts may result from non-compliance or suspicious activity.
13. Customer Support and Resources
Help Center: Comprehensive FAQ and guides on Nobitex website.
Live Chat Support: Available for real-time help (during specific hours).
Educational Content: Nobitex offers basic tutorials on crypto trading.
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