Bitpin Crypto Exchange Review: Is It the Best Option for Iranian Users?

When you live in Iran and want to buy Bitcoin without jumping through hoops set by international platforms, Bitpin is one of the few exchanges that actually works - reliably, day after day. Unlike Binance or Coinbase, which block Iranian users with geo-restrictions, Bitpin was built for this market. It doesn’t pretend to be global. It doesn’t offer derivatives or margin trading. It does something more important: it lets you trade crypto with Iranian Toman, keeps your funds safe, and rarely goes down.

Launched in 2020, Bitpin didn’t set out to compete with giants. It aimed to solve a real problem: how do you buy and sell crypto when your bank account is frozen by sanctions? The answer was simple - build a local exchange that speaks your language, supports your currency, and stays online even when the global market crashes. Today, it’s one of the most trusted names in Iran’s crypto scene.

How Bitpin Works for Everyday Users

Bitpin isn’t built for professional traders. It’s built for people who want to convert their Toman into Bitcoin or USDT without delays or hidden fees. The interface is clean, no clutter, no confusing charts. You open the app, tap "Buy," choose how much you want, and pay via local bank transfer. In under 10 minutes, your crypto lands in your wallet.

The app supports major blockchains: Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BSC), TRON (TRX), and even the Bitcoin Lightning Network. That’s useful if you’re sending small amounts - no more getting stuck with dust balances from tiny leftover coins. Bitpin lets you convert those into usable crypto, which most exchanges ignore.

One standout feature is the ability to send crypto gift cards. No fees. No registration for the recipient. You generate a code, send it via WhatsApp or Telegram, and the person cashes it out on Bitpin. It’s a practical workaround for sending money across borders when traditional systems won’t allow it.

Security: Cold Storage, 2FA, and Real Protection

Bitpin claims to be an "unhackable platform." That’s marketing speak, but the security measures behind it are real. Over 95% of user funds are stored in offline cold wallets - not on servers that can be breached. Only a tiny fraction stays hot for immediate withdrawals.

Two-factor authentication (2FA) is mandatory. You can’t skip it. You need a code from your phone or authenticator app every time you log in. That’s rare among regional exchanges, many of which still rely on SMS or weak passwords. Bitpin also locks accounts after multiple failed login attempts and sends alerts for suspicious activity.

Still, no system is perfect. If you lose your phone and don’t have backup codes, you’re locked out. And if you fall for a phishing scam and give away your 2FA code, Bitpin can’t help you. Security starts with you. But compared to other Iranian exchanges, Bitpin sets a high bar.

The Mobile App: 100,000+ Downloads and Why Users Stay

The Bitpin Android app has over 100,000 downloads on Google Play and holds a 3.9-star rating from 1,700+ reviews as of June 2025. That’s not huge by global standards, but in Iran, it’s massive. The app was last updated in June 2025 - meaning it’s actively maintained, not abandoned.

Users praise one thing above all: reliability. One review says, "Bitpin is the best, it never deactivates the purchase and sale of currency." That’s huge. During times of political tension or currency crashes, other platforms freeze withdrawals. Bitpin doesn’t. It keeps trading open - even on holidays.

The app gives you real-time price updates by the second. You can track BTC, ETH, USDT, and others with live charts. There’s a market map showing order flow, and news feeds about crypto trends in Iran. It’s not a professional trading terminal, but for most users, it’s enough.

Customer Support: Always Available, Even on Holidays

Most crypto exchanges offer chat support during business hours. Bitpin offers it 24/7, including during Nowruz and other Iranian holidays. You can reach them via in-app chat, phone, or even in-person at their Tehran office.

That’s not normal. In the crypto world, support is often slow, automated, or nonexistent. Bitpin treats users like customers, not numbers. If you can’t complete a transaction, someone answers. If your transfer is stuck, they check the blockchain for you. That level of service is rare - even on bigger platforms.

Fees: The Big Missing Piece

Here’s the problem: no one knows exactly how much Bitpin charges.

Unlike Binance, which publishes its fee schedule down to the basis point, or Kraken, which clearly lists maker/taker rates, Bitpin doesn’t show fees on its website or app. You see the price you pay, but you don’t know if it includes a hidden spread or transaction cost.

That’s not necessarily bad - it’s common in Iran’s financial system, where transparency isn’t always standard. But it makes comparisons hard. If you’re used to paying 0.1% on Binance, you can’t tell if Bitpin’s 0.5% spread is fair or inflated.

Some users report that buying USDT with Toman has a 2-5% spread, depending on market volatility. That’s higher than global exchanges, but understandable given the risks and liquidity constraints. If you’re buying small amounts for personal use, it’s often worth it for the convenience and reliability.

Who Is Bitpin For? Who Should Avoid It?

Bitpin is perfect if:

• You live in Iran or need to trade in Iranian Toman
• You want a simple, reliable way to buy Bitcoin or USDT
• You value uptime over fancy features
• You don’t need margin trading, APIs, or derivatives

Bitpin is NOT for you if:

• You’re outside Iran and need access to international markets
• You trade large volumes and need low fees
• You want advanced tools like stop-loss orders, futures, or algorithmic trading
• You expect full fee transparency like you’d find on Coinbase or Kraken

For Iranian users, Bitpin fills a gap no global exchange dares to. It’s not the most powerful platform. But it’s one of the most dependable.

How Bitpin Compares to Global Exchanges

Let’s put Bitpin next to the big names:

Bitpin doesn’t compete on features. It competes on access. If you’re in Iran, you don’t choose between Bitpin and Binance. You choose between Bitpin and nothing.

The Bigger Picture: Why Bitpin Matters

Iran has one of the highest rates of crypto adoption in the world - not because people are speculating, but because they need it. Inflation hit 50% in 2024. The Toman lost half its value in five years. People turned to Bitcoin and USDT to protect their savings.

Bitpin didn’t create this trend. But it made it possible. It’s not just an exchange. It’s a financial lifeline.

Other regional exchanges have come and gone. Some shut down after government crackdowns. Others got hacked. Bitpin has stayed up. It’s updated its app. It’s kept support running. It’s still here.

That’s not luck. It’s resilience.

Final Verdict: Is Bitpin Worth It?

Yes - if you’re in Iran.

It’s not perfect. Fees are unclear. No advanced tools. No global reach. But it’s reliable, secure, and built for your reality. For Iranian users, Bitpin isn’t just another crypto app. It’s one of the few tools that works when everything else fails.

If you’re looking for a simple, trustworthy way to buy crypto in Iran, Bitpin is your best bet. Don’t expect Wall Street features. Do expect a platform that shows up when you need it most.

Bitpin doesn’t need to be the biggest exchange. It just needs to work when the rest don’t. And for millions of Iranians, that’s enough.