Baarex

If you are planning to buy digital currencies such as Bitcoin or you want to cash in on your digital assets, Barex Exchange will help you reach this goal as quickly as possible. Barks is one of the most reputable Iranian digital currency exchange markets for those who are looking for a safe, secure, fast, convenient and cheap way to convert their assets. In this market, buyers and sellers trade with each other without any intermediaries. Among our most important achievements are reducing the risk of blocking the property of Iranian activists in foreign markets, greater transparency of digital currency prices in the Iranian market for buyers and sellers, fast and easy conversion of Rials into digital currencies and vice versa and reducing buying and selling costs. The reason is the removal of intermediaries.

After opening an account on the exchange site, authentication and account verification, users can charge their Rial account using the banking portal. After charging the account, immediately using the ordering system, they can register their request to purchase the required digital currency at the desired price and volume on the site and, if there is a seller, complete their order.

Consider the risk first. Just as your capital may be multiplied by buying the currency code, so is the possibility of severe losses. Then you need to learn how to work with wallets well. Digital currencies are often decentralized, meaning that you have control over the assets. If something goes wrong with your wallet through carelessness or unfamiliarity, you will lose money forever. We emphasize that there is no way back in this case.
Then you should familiarize yourself with technical analysis and fundamental analysis, or ask experts in the field about the best digital currencies for any period of time in order to invest. You should not enter a market just to hear a name, or to learn about the high growth of a currency in a short period of time.

According to cyber security guidelines, customer authentication is required to prevent any possible misuse. There are a few things to keep in mind when starting a conversion site.

Barex is a site for buying and selling and trading digital currencies between users. The price of bitcoin and other digital currencies is determined by users like the exchange mechanism and does not interfere with the conversion. In fact, the purchase price of bitcoin is the price at which buyers are willing to buy bitcoin and other digital currencies and the selling price of bitcoin is the price at which sellers are Sell ​​your bitcoins at that price, and those numbers change as global markets fluctuate and user orders change. The price of the last transaction is the number in which a bitcoin seller and a bitcoin buyer are willing to trade with each other.

In general, all purchases are made through a bank portal and can be paid with all bank cards, but in special circumstances and for amounts higher than "one hundred million tomans", it will be possible to deposit to a "bank account".

Due to the automatic payment system of Barex, it is not possible to refund.

Bitcoin is a type of digital currency (coin) created to transfer money quickly, securely and cheaply without the need for any banks or intermediaries. Bitcoins are stored in dedicated wallets and transferred electronically. Since its introduction in 2009, the value of bitcoin has grown rapidly due to its limited value and increasing popularity and demand.

In essence, blockchain is a distributed and decentralized network database system. All node maintainers jointly manage, transmit and synchronize data, store data in block and chain structure, and use cryptography to guarantee the security of transmission and access, which can realize a technical system where data is stored consistently and cannot be manipulated or changed.

 

A lot of people know that the concept of blockchain is derived from Bitcoin. However, Bitcoin is not the same as blockchain. Blockchain is the technical foundation behind Bitcoin. Essentially, blockchain is a collection of distributed data storage, peer-to-peer transmission (P2P), consensus mechanism (used to maintain the operation and fairness of blockchain system, and provide incentives to the blockchain maintainers), encryption algorithm and other existing collective application model of computer technology. It is a serial transaction record (or block) of content concatenated and protected by cryptography. Each block contains the encrypted hash, timestamp, and transaction data of the previous block.

 

To put it simply, blockchain is a distributed database, where all node maintainers jointly manage, transmit, and synchronize this data. As it is not a traditional centralized database, it is difficult to tamper with the data arbitrarily.

Calculated by a series of cryptographic algorithms, address is a long string of character codes. Each wallet has a unique address and once created, all blockchain wallet addresses cannot be changed. The address is like a "bank account" for transferring or receiving money.

Transaction ID (TXID), also known as transaction hash, is a string of characters calculated based on the size, time, type, creator and machine of each cryptocurrency transaction. Correspondingly, TXID is equivalent to the identity certificate (ID), with uniqueness and immutability. Also, it can be regarded as the “transaction serial number" when transferring money with a bank card.

The aim of the maker-taker mechanism is to stimulate trading activity within an exchange and keep price stable.

 

Maker
Market makers are those who are willing to wait to buy or sell at a certain price. They provide the gasoline/depth for the market. 

 

Taker
Market takers are those who want instant execution with the existing orders in the list. They take away depth from the market.

A hash (TX ID) is the unique address of a transaction in a blockchain that acts as a document or proof of the transaction. A hash is usually a combination of numbers and lowercase letters. Each time you make a payment in digital currencies, you will receive a hash displayed in your wallet. Similar to the following figure:
8520da7116a1e634baf415280fdac45f96e680270ea06810512531a783f0c9f6
Each hash must be in the blockchain. If you encounter a transaction problem with our operating system, our support team may ask you to provide a transaction hash so that it can help you resolve the issue.
If you do not know where to find the hash, please refer to the help section of the site or ask our support team for help.

Each time you send any encrypted currency from your address to another address, the currency passes through the blockchain and you have to pay for the transaction on the network. In addition, the transfer of funds between wallets and exchange offices requires payment for each transaction registered in the blockchain network and the official transaction office.
At different times, your payment will vary depending on the blockchain network you are using. For example, bitcoin transactions will have different costs compared to transactions in bitcoin cache, atrium or lightcoin networks.
There are also special blockchain networks with different designs that require secondary or "fuel" codes to pay for network costs.

Memo or tag or a combination of letters or numbers or both that is necessary to assign some currencies (such as Stellar, Ripple, Zam, etc.) to the wallet of a particular user, enter it. In fact, it is a kind of wallet address that is necessary to send and receive some digital currencies. Failure to enter or incorrectly insert a memo or tag will result in a loss of capital and is non-refundable.
Note: In order to deposit digital currency, the address of Memo or Tak, if any, will be shown to you in the bottom box of the address of the digital currency wallet.

To use Baarex Exchange, you must first register. For this purpose, you must enter your details in the registration section, then go to the authentication section and go through the steps there.
It should be noted that by completing more authentication sections, dear users will be able to use more facilities of Baarex Exchange.
After registration and authentication, users can top up their account at Barks Exchange with a bank card and then buy and sell digital currencies.
For more information and guidance, you can refer to the Barks training section.
Here are some answers to some of the questions you may have.
 
Two Factor Authentication 2 FA
Two-factor authentication is a way to further protect your account at Baarex Exchange.

The process of creating and verifying an account includes several security measures to prevent unauthorized access and protect your Barx account. Please be patient and follow all instructions carefully.
According to the rules set out in the Baarex exchange site, users are required to identify themselves for financial services to combat money laundering and other acts of sabotage.

To create an account at Baarex Exchange, your email registration is required. You can contact our support team via email and share your questions and concerns.
Email registration allows you to access your deposit and withdrawal history, receive your password in case of forgetting, and other account settings.
Introduce an email when you register at the Baarex exchange that you use and have the password.

First you need to know what kind of digital currency by what standard you want to buy or transfer, and then look for a wallet address compatible with that digital currency.
Keep in mind that each digital currency has a unique wallet address in each exchange.
In Baarex exchange, each digital currency has its own wallet address, but some currencies, in addition to the main address, also have a tag or memo, which is mostly used to move some digital currencies in a transaction where the destination wallet address is in the exchange. It is used and it is necessary to enter the memo or tag.
To access the wallet address, you must click the "Deposit" button on the "Deposit" button in front of the relevant digital currency to display the wallet address corresponding to that digital currency.

For more guidance and access to the wallet address, refer to the digital deposit and withdrawal training section at Baarex Exchange.

There is always a sender and a receiver in every transaction. Recipient's address is the address of the wallet to which the digital currency is transferred and received.
For example, if you want to buy ether, you have to specify the address of the ether wallet in the recipient, and Baarex will send the ether currencies to this address after the transaction is completed.

Transactions made in blockchain space are irreversible. Once a transaction has been made (digital currency sent to the wallet address), it can no longer be withdrawn. Therefore, if you want to exchange cryptocurrency, be sure to carefully check all payment details such as wallet address, deposit amount, transfer fee, etc. before sending.

Processing all trades takes time (usually 5-30 minutes) Due to the fluctuations of cryptocurrencies, the exchange rate changes during processing time, which means that the final rate may be slightly different than you expect. This is because Baarex does not keep exchange rates stable.

The processing of all transactions in the blockchain space usually varies between 3-30 minutes, depending on the type of digital currency transferred. If a trade is large (worth more than one bitcoin), processing may take a little longer depending on the transaction amount and blockchain capacity.

It usually takes between 3 and 30 minutes to process digital currency transfers at a Baarex exchange. The length of your transaction can be due to several factors, including:
Blockchain network congestion: Many trades are waiting to be made, including your trades. This happens in Bitcoin and Atrium blockchains. Unfortunately, the only thing that can be done is to wait. Barks has no control over congestion and overload in any type of blockchain network.
Coin Updates: For updates to scale and speed up the blockchain network of any currency, the coins of that network may take some time to complete the update. For this reason, by inserting coins into the blockchain circuit for transmission, these coins may be updated and increase the transaction time.
Didas Attacks (DDOS): Any operating system may be exposed to such attacks. Unfortunately, Baarex is no exception. Because the security of users' assets has always been a priority for Barks, all you have to do is wait for the Barks network to become available again.
Even our well-built system can experience delays or other internal issues and problems. If you think this has happened, please report it to our support team.

Baarex currently supports more than 350 digital currencies, and that number could increase in the future.
Dear users, you can buy these currencies directly with the currency of our beloved country. Users can also trade these currencies with Stable Coin Teter.