First Look
EXIR went live in 2017 to give Iranian traders a way into crypto when other platforms were out of reach due to sanctions. It works only for locals. Full KYC is required, and only Iranian citizens can open accounts. For anyone outside Iran, this exchange is basically off-limits.
What It Offers
The setup is straightforward. Deposit rial through a bank, trade it for Bitcoin or a handful of other coins, and withdraw back to a wallet or bank account. No margin, no derivatives, no complex order types. EXIR is about simple fiat-crypto access, nothing more.
Fees
Trading fees start around 0.10 percent and can go up to 0.35 percent depending on the order. Withdrawal fees depend on the method and amount. Details are not fully clear, and fee transparency is limited.
Activity and Liquidity
Global trackers show EXIR as untracked, with no reliable volume data. Old numbers suggested less than 400,000 USD traded daily, and even that is likely outdated. Liquidity is thin, and trades happen mainly in a small circle of domestic users.
User Experience
The web interface is basic but works for its audience. There was a mobile app at one point, though its current status is uncertain. For local traders, deposits and withdrawals in rial are easy enough. For anyone else, there’s nothing to use.
Reputation
There is little public feedback. A few reviews mention smooth transactions, while others complain about delays and lack of support. Because the platform is closed to outsiders, there’s not much independent scrutiny. Trust ratings are almost impossible to verify.
Strengths and Weak Points
- Strengths: Direct rial deposits and withdrawals; Simple and built for the local market; Useful where access to global platforms is blocked.
- Weak Points: Not available for international users; Very limited coin list; No public volume data and low liquidity; Fee structure not fully transparent; Mobile support unclear.
Who Will Use It
EXIR is for Iranians who want an easy way to trade crypto with local currency. It works in that specific role. It is not for global traders, high-volume players, or anyone looking for advanced features.
Final Thoughts
EXIR is a niche exchange, built for a market under restrictions. It does the basics - buy crypto with rial, sell it back - and stops there. Outside Iran, it has no relevance. Inside, it remains one of the few options locals can rely on, despite its limits.