Bitpin
Bitpin is a Tehran-based centralized cryptocurrency exchange serving 6+ million Iranian retail and professional traders with spot, margin, P2P, bots, staking, tokenized RWAs, and rial on/off ramps, operating one of the four venues handling the majority of Iran's digital asset flows.
- Company typePrivate
- Founded2020
- HeadquartersTehran, Iran
- Headcount251–500
- GTM typeB2C
- OfferingSoftware
What Bitpin does
Bitpin is a Tehran-based, privately held centralized cryptocurrency exchange (CEX) founded in 2019/2020 and operated primarily for the Iranian domestic market, where international exchanges are inaccessible due to sanctions and IP blocking. The platform serves a registered user base of more than 6 million Iranian retail and professional traders, offering spot and margin trading across 400+ cryptocurrencies, free automated trading bots (Martingale, Spot Grid, DCA), P2P and OTC Easy Buy, staking, crypto-backed rial loans, a participation pool (PinPool), a Pin Club loyalty program, gift cards, tokenized real-world assets (including PAXG gold, SLVON silver via BlackRock/Ondo, and tokenized US stocks), and a four-tier KYC system culminating in Corporate/B2B accounts. The underlying technology stack combines a real-time order-matching engine with multi-layer security (cold-wallet storage, multi-signature protocols, SMS/email/Google Authenticator 2FA) and multi-network support (ERC20, TRC20, BSC, Base, Polygon), accessed via web, native iOS/Android apps distributed through CafeBazaar, Myket, and direct downloads, plus a documented developer API.
Bitpin monetizes the platform through a tiered, transaction-based revenue model: maker/taker fees on spot trades (varying by 30-day volume and KYC level), crypto withdrawal fees pegged to network costs, margin-trading activation (0.05%), daily extension (0.1%) and profit-share (2%) fees, Easy Buy spread embedded in the quoted price, and bank-standard rial withdrawal fees. Distribution is overwhelmingly self-serve and product-led through Persian-language web and mobile channels with 24/7 telephone support, augmented by an in-house Bitpin Academy content platform used for SEO-driven acquisition and user education. The exchange operates as one of four Iranian venues (alongside Nobitex, Wallex, and Ramzinex) that collectively route over 70% of Iran's digital asset inflows — an estimated $7.7-7.8 billion market in 2025 — making Bitpin a structurally significant but sanctions-exposed platform.
On June 2, 2026, the U.S. Treasury's OFAC designated Bitpin alongside its three principal domestic peers under Operation Economic Fury, alleging facilitation of sanctions evasion tied to the IRGC; Bitpin responded with a public clarification asserting its asset protection and security standards. The company is co-founded by Ali Jahani (board member) and remains privately held with no disclosed institutional investors, subsidiaries, or M&A history.
Bitpin firmographics
Firmographics- Name
- Bitpin
- Legal name
- Bitpin (بیتپین)
- Website
- https://bitpin.ir
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Bitpin is a Tehran-based centralized cryptocurrency exchange serving 6+ million Iranian retail and professional traders with spot, margin, P2P, bots, staking, tokenized RWAs, and rial on/off ramps, operating one of the four venues handling the majority of Iran's digital asset flows.
- Ownership category
- akta.pro rank
Bitpin industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Centralized Crypto Exchanges (CEX) (FSAPADAA)
- akta.pro secondary industries
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF), Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
Keywords
Where Bitpin is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices1 record
Markets served
Bitpin business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction / Trading Fees: Maker and Taker fees are charged on spot market trades. Fee rates are tiered based on user activity level (30-day trading volume) and user verification level (Level 0 registered, Level 1 basic, Level 2 advanced, corporate). Fees are charged from both buyer and seller. For margin positions, additional activation fees (0.05% of received credit), daily extension fees (0.1% of received credit), and pool profit share (2% of user profit) apply.
- Cryptocurrency Withdrawal Fees: Crypto deposits are free. Crypto withdrawals incur fees based on network costs (blockchain congestion) and cold wallet custody overhead. Fee varies per cryptocurrency and is shown on the withdrawal page.
- Easy Buy (OTC) Spread: For the Easy Buy feature, Bitpin aggregates orders from exchange platforms on behalf of users at a spread included in the final price, rather than charging a flat percentage fee.
- Fiat Deposit/Withdrawal Gateway Fees: Rial deposits via bank transfer (card-to-card, account-to-account, Paya, Satna) are free from Bitpin's side, but bank charges and payment gateway fees may apply and are displayed on the deposit page. Rial withdrawals incur bank-standard fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Spot Trading Fees - Tiered by user level and 30-day volume |
| Transaction based/ take rate | Pay-as-you-go | Margin Trading - Position activation and extension fees |
| Transaction based/ take rate | Pay-as-you-go | Easy Buy (OTC) - Spread-based pricing |
| Subscription | Pay-as-you-go | User Levels - Four tiers (Level 0 Registered, Level 1 Basic, Level 2 Advanced, Corporate) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Bitpin product offering
Product offeringCore offering
Bitpin is an Iranian centralized cryptocurrency exchange (CEX) that lets users buy, sell, and trade 400+ digital assets with Iranian rial (IRT) on/off ramps. The platform offers spot trading, leveraged margin trading up to 60x, automated trading bots (Martingale, Spot Grid, DCA), peer-to-peer trading, OTC instant purchases via Easy Buy, staking, and crypto-backed rial loans, accessible via web and mobile applications with domestic KYC/AML compliance.
Product overview
Bitpin operates as a centralized cryptocurrency exchange (CEX) platform for Iranian users, offering a comprehensive suite of trading and financial services. The core platform includes spot trading, margin trading (up to 60x leverage), and an Easy Buy OTC service for instant purchases. Automated trading is supported through trading bots (Martingale, Spot Grid, and DCA strategies). The platform provides financial services including staking, crypto-backed loans, a participation pool (PinPool), and gift cards. A gamified loyalty program (Pin Club) and referral system drive user engagement. Bitpin also offers tokenized real-world assets including digital gold (PAXG), digital silver (SLVON), and various tokenized stocks (oil, copper, palladium, SpaceX, Apple, JPMorgan). Additional services include a mobile app, an educational academy, and B2B corporate account registration. The exchange supports over 400 cryptocurrencies and multiple blockchain networks (ERC20, TRC20, BSC).
Differentiator
Problem solved
Functional benefit
Products and services
- Spot Trading Market
Quantifiable outcome
- 6+ million registered users
- +3 more outcomes
Companies that use Bitpin
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Bitpin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Bitpin partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Bitpin competitors and assessment
Company assessmentDirect peers
- Nobitex: Iran's largest cryptocurrency exchange, also designated by OFAC on June 2, 2026 alongside Bitpin. Directly comparable as a domestic Iranian CEX serving rial/crypto on/off-ramps with spot, margin, P2P, and staking products.
- Wallex: Iranian cryptocurrency exchange jointly designated with Bitpin by OFAC in Operation Economic Fury. Competes in the same domestic Iranian retail and institutional CEX segment with rial integrations and similar trading products.
- Ramzinex: Iranian cryptocurrency exchange also sanctioned by OFAC on June 2, 2026 alongside Bitpin. Operates as a domestic Iranian CEX with comparable product set and customer base, completing the four-player sanctioned oligopoly.
- Tabdeal: Iranian cryptocurrency exchange referenced in the same sanctions-impact reporting as Bitpin. Directly comparable as a domestic Iranian CEX serving retail traders with rial integrations.
Emerging players
- Aban Tether: Iranian crypto platform also referenced as remaining operational during Iran conflict. Focuses on Tether-related services in Iran; competes for a portion of the same USDT-IRT trading volume as Bitpin.
Broad incumbents
- Binance: Global centralized exchange and the largest CEX by volume. Comparable in product breadth (spot, margin, futures, staking, bots) but does not serve Iranian users, defining the regulatory perimeter that creates Bitpin's domestic moat.
- Coinbase: US-listed centralized exchange offering spot trading, staking, and increasingly tokenized RWAs. Comparable on regulated CEX operations and product breadth, but geographically excluded from Iran.
- Kraken: Established global CEX with spot, margin, and staking. Comparable as a regulated retail/professional exchange platform but operates in Western markets, blocked from Iranian users.
- Bybit: Major global derivatives-heavy CEX with high-leverage products similar to Bitpin's 60x margin offering. Comparable on product mix and user experience, but operates internationally and does not serve Iranian IPs.
- KuCoin: Global CEX known for altcoin breadth and high-leverage products. Comparable in altcoin listing scale and trading-bot features, but geographically excluded from Iran.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Bitpin social profiles
Digital presenceBitpin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitpin leadership team
Management profileNumber of profiles
Profiles1 record
Bitpin funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitpin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitpin
What does Bitpin do?
Bitpin is an Iranian centralized cryptocurrency exchange (CEX) that lets users buy, sell, and trade 400+ digital assets with Iranian rial (IRT) on/off ramps. The platform offers spot trading, leveraged margin trading up to 60x, automated trading bots (Martingale, Spot Grid, DCA), peer-to-peer trading, OTC instant purchases via Easy Buy, staking, and crypto-backed rial loans, accessible via web and mobile applications with domestic KYC/AML compliance.
Is Bitpin a public or private company?
Bitpin is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bitpin founded?
Bitpin was founded in 2020. It employs 251 to 500 people.
Where is Bitpin based?
Bitpin is headquartered in Tehran, Iran, in the Middle East region.
How does Bitpin make money?
Four revenue lines are on record. Transaction / Trading Fees are the primary driver. The others are cryptocurrency Withdrawal Fees, easy Buy (OTC) Spread and fiat Deposit/Withdrawal Gateway Fees.
Who are Bitpin's main competitors?
Direct peers on record are Nobitex, Wallex, Ramzinex and Tabdeal. Aban Tether is listed as an emerging player. Broad incumbents are Binance, Coinbase, Kraken, Bybit and KuCoin.
Does Bitpin have an API?
Yes. Bitpin provides API documentation for developers at docs.bitpin.ir enabling automated account management and code-based account control. The API supports programmatic trading, wallet management, and integration capabilities for professional users. Developer documentation is at docs.bitpin.ir/#api.
What industry is Bitpin in?
Bitpin's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSAPADAA, Centralized Crypto Exchanges (CEX), with a secondary code of FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine). Its NAICS code is 52321 and its SIC code is 6200.