A cryptocurrency exchange is an online platform that enables users to buy, sell, and trade digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. These platforms act as intermediaries that connect buyers and sellers, provide real-time pricing through order books or automated systems, and facilitate the conversion between traditional fiat currencies and cryptocurrencies. In addition to trading services, most exchanges offer integrated wallets, security infrastructure, and compliance measures such as identity verification to ensure safe and regulated access to the crypto market. One such cryptocurrency exchange is IQX-Iraq’s First Regulated Crypto Exchange.What is IQX?IQX is a regulated cryptocurrency exchange headquartered in Iraq, positioning itself as a secure and accessible gateway for users in Baghdad, the Kurdistan Region, and beyond to enter the digital asset ecosystem. Designed with simplicity and compliance at its core, the platform enables customers to deposit Iraqi Dinar (IQD), buy and sell leading cryptocurrencies such as Bitcoin and Ethereum, and manage digital assets through an intuitive interface tailored to regional needs. With built-in Know Your Customer (KYC) verification and structured custody arrangements that leverage hot, warm, and cold wallet strategies, IQX aims to balance user convenience with robust security measures. Catering specifically to the Iraqi market, IQX seeks to bridge local fiat and global crypto markets while providing a streamlined on-ramp for both new and experienced traders.TRY OUT IQX NOWIQX: Key Features Regulated Crypto Exchange for IraqIQX positions itself as a regulated cryptocurrency exchange designed specifically for the Iraqi market, with a strong focus on compliance, security, and local accessibility.Fiat to Crypto On-Ramp with IQD SupportThe platform enables users to deposit and withdraw Iraqi Dinar (IQD), allowing seamless conversion between local fiat currency and cryptocurrencies.Simple and Fast Account OnboardingUsers can create an account using an email address or phone number, supported by OTP-based verification for quick and straightforward access.Support for Major CryptocurrenciesIQX supports well-known digital assets such as Bitcoin, Ethereum, USDT, BNB, TRX, XRP, and other leading cryptocurrencies, with plans to expand listings over time.Instant Buy and Sell FunctionalityInstead of complex trading interfaces, IQX focuses on instant buy and sell services, making it easier for users to convert fiat to crypto and vice versa at market prices.Integrated Wallet InfrastructureThe exchange provides built-in wallets that allow users to store, deposit, and withdraw supported cryptocurrencies directly within the platform.KYC and AML Compliance FrameworkIQX applies identity verification and compliance procedures to meet regulatory requirements and help maintain a secure trading environment.Regional User Support and Local FocusThe platform is tailored for users across Iraq, including Baghdad and the Kurdistan region, with customer support designed to address local needs.Also, you may read 10 Free Tools To Find Profitable Crypto WalletsHow IQX WorksAccount Creation and Verification ProcessIQX emphasizes a straightforward account creation process designed to be simple and accessible. The platform requires users to provide basic information during registration, with a verification process following account creation. The design philosophy focuses on user accessibility while maintaining compliance with regulatory requirements.The exact verification procedures and documentation requirements should be confirmed directly through the platform, but the emphasis on a smooth onboarding experience suggests that the KYC (Know Your Customer) process is streamlined compared to some international exchanges.Trading Experience and User InterfaceOne of IQX’s standout features is its commitment to simplicity in the trading experience. The platform uses a proprietary interface that has been specifically designed for ease of use, eliminating unnecessary complexity that often intimidates new crypto users.Users can navigate through the platform to:View available cryptocurrencies for tradingPlace buy and sell orders instantlyMonitor their portfolioExecute transactions in real-timeThe interface is designed to be intuitive, allowing users to complete trades with minimal steps and without requiring extensive technical knowledge.Supported Cryptocurrencies and Trading PairsWhile IQX supports multiple cryptocurrencies, the official platform documentation confirms availability of major digital assets including:Bitcoin (BTC) – The flagship cryptocurrencyEthereum (ETH) – Second-largest cryptocurrencyBNB (Binance Coin) – Major exchange tokenTRX (Tron) – Popular blockchain platformAdditional cryptocurrencies (complete list available on the platform)The exchange continues to expand its supported assets to provide users with diverse trading options.TRY OUT IQX NOWFees and Pricing TransparencyFees shown before confirmation: All service fees are displayed to users before a buy or sell transaction is completed, allowing costs to be reviewed in advance.Transparent conversion pricing: Fees are shown alongside the quoted conversion rate during each crypto buy or sell action.Platform service fees apply: IQX charges service fees for conversions, which are clearly communicated prior to execution.Third-party charges may apply: Additional costs can include bank processing fees for IQD deposits and withdrawals.Blockchain network fees: Crypto withdrawals may incur network fees determined by the blockchain network in use.User tax responsibility: Users are responsible for reporting and paying any applicable taxes related to their transactions.No hidden post-trade costs: All known fees are disclosed upfront so users understand the total cost before confirming a transaction.Also, you may read Core Platform FunctionalityDeposits and WithdrawalsIQX enables users to deposit and withdraw funds in Iraqi Dinar (IQD), making it a localized fiat gateway for crypto access in Iraq. IQD deposits can be made instantly through supported local payment methods integrated into the platform. Once deposited, funds are credited to the user’s IQD wallet and can be used immediately for buying cryptocurrencies.For withdrawals, users can submit an IQD withdrawal request directly from their account, and funds are transferred to the user’s registered bank account within the stated processing timeframe. Crypto deposits and withdrawals are also supported for listed assets, subject to account verification levels and supported networks.Trading and Conversion ServicesIQX focuses on a simple buy and sell conversion model rather than complex order-book trading. Users can convert IQD to supported cryptocurrencies and sell crypto back to IQD using the platform’s instant buy/sell functionality at live market prices.This approach is designed to make crypto trading accessible to both new and experienced users by removing advanced trading interfaces and providing straightforward price execution. Conversion rates and applicable fees are displayed to users before confirming transactions, ensuring clarity during each trade.Wallet and Asset ManagementIQX provides users with integrated wallets for managing both fiat and cryptocurrency holdings within a single dashboard. Each user has access to an IQD wallet as well as wallets for supported digital assets, allowing them to view balances, track transactions, and initiate deposits or withdrawals from one interface.The wallet system supports internal fund management while maintaining separation between user accounts and operational funds. Asset access and withdrawal functionality depend on the user’s verification level, ensuring compliance with platform policies and security requirements.IQX Dashboard FeaturesCentral Account OverviewThe IQX dashboard serves as the main control center, giving users a consolidated view of their account, including fiat and cryptocurrency balances.Integrated Wallet AccessUsers can directly access their IQD and crypto wallets from the dashboard to manage deposits, withdrawals, and transaction activity.Instant and Spot Trading AccessThe dashboard provides clear entry points to both Instant Trading and Spot Trading, allowing users to switch between quick conversions and order-based trading without leaving the platform.Buy and Sell ControlsFrom within the dashboard, users can initiate buy and sell actions at live market prices, streamlining the trading workflow.Profile and Verification ManagementAccount details, identity verification status, security settings, and saved information are managed through the Profile section accessible from the dashboard.Transaction VisibilityUsers can review transaction history related to deposits, withdrawals, and trades, supporting transparent account tracking.Clean and Intuitive LayoutThe dashboard is structured to prioritize essential actions and reduce complexity, making it suitable for both new users and experienced traders.TRY OUT IQX NOWIQX Trading ModesIQX offers two distinct trading modes designed to serve different user needs and experience levels. Users can choose between Instant Trading, which focuses on fast and simple conversions, and Spot Trading, which provides a more traditional trading environment with greater control over order execution. The table below highlights the key differences between these two trading options to help users decide which approach best fits their trading style.TRY OUT IQX NOWRegulatory Compliance and SafetyIQX emphasizes a secure trading environment for its users by combining regulatory compliance with industry-standard custody practices. The exchange is positioned as a safe platform designed to serve customers across Iraq with identity verification (KYC) requirements that help ensure responsible account access and adherence to anti-money-laundering guidelines. To protect user funds, IQX employs a layered wallet custody model that segregates assets into hot wallets for routine transactions, warm wallets with heightened controls, and cold wallets kept offline for long-term storage of the majority of digital assets. The platform also encourages users to adopt personal security best practices such as enabling two-factor authentication (2FA), using strong passwords, safeguarding one-time passwords, and verifying access URLs to reduce phishing risks. Account security obligations are outlined in the exchange’s Terms of Use, which require users to maintain confidentiality of their credentials and note that unauthorized access caused by user negligence falls under the user’s responsibility. Overall, IQX’s safety framework combines technical measures, compliance protocols, and user awareness recommendations to support secure engagement with cryptocurrency trading and asset management.Also, you may read Best Risk Management Strategies for Crypto TradingCustomer Support and Community Ecosystem at IQXIQX offers structured customer support through its official help center, which provides categories such as Terms of Use, Privacy Policy, User Guide, and Announcements to assist users with platform functions and policies. Within the support portal, users can submit requests directly for personalized assistance on issues ranging from account setup to transactions and compliance procedures. The support interface also highlights a Community area designed to connect users, share updates, and facilitate conversation among exchange participants. Additionally, IQX encourages engagement via its community channels where users can join discussions to find answers, exchange insights, and stay informed about platform updates and features. This combined support and community framework aims to ensure users have access to formal documentation, responsive help services, and interactive peer support as part of the overall ecosystem.TRY OUT IQX NOWIQX: Advantages & LimitatonsWho Should Use IQX?Iraqi residents and citizens seeking a local, regulated cryptocurrency exchange.First-time crypto buyers in Iraq who prefer a simplified, locally-focused interface.Users with IQD who want to avoid currency conversion fees.Traders prioritizing regulatory compliance and operating within established legal frameworks.Those valuing local support in their native language and regional context.ConclusionIQX represents an important development in bringing regulated cryptocurrency services to Iraq. By positioning itself as the country’s first regulated crypto exchange and building the platform specifically around the needs of Iraqi users, IQX addresses a significant gap in the market. The platform’s emphasis on simplicity, security, and regulatory compliance makes it particularly attractive for new cryptocurrency users in Iraq while providing sufficient features for experienced traders.The combination of local currency support, dedicated customer service, and regulatory oversight positions IQX as a credible gateway for Iraqi residents seeking to participate in the global cryptocurrency market. For those specifically looking for a regulated, locally-focused exchange experience, IQX offers a compelling and accessible solution.As with any cryptocurrency platform, users are encouraged to verify all specific details directly through the official IQX website and conduct their own due diligence before committing funds. The cryptocurrency market remains volatile and evolving, and users should only invest amounts they can afford to lose.TRY OUT IQX NOWWhat KYC levels does IQX support?IQX supports basic verification for core functions and VIP verification for higher limits and crypto withdrawals.Which cryptocurrencies are supported?The platform supports the top 10 cryptocurrencies including BTC, ETH, USDT, BNB, SOL, XRP, ADA, DOGE, TON, and TRX.How do I buy and sell crypto?You top up your IQD wallet and convert to supported digital assets at live market prices using Quick Buy/Sell.Bitcoin has been added to the University of Cincinnati CurriculumJesse Powell Steps Down as Kraken CEOBinance Enlists Prime Brokers in Identifying U.S. NationalsCoinbase denies exposure to FTX Alameda amid liquidity scare