UPDATE 23 March 2023: When trying to access the website of Aryana Exchange today, we were unsuccessful. As far as we know, there have been no preceding messages on system maintenance or new websites or anything similar.
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Aryana Exchange Review
What is Aryana Exchange?
Aryana Exchange is a cryptocurrency exchanges based in the United Kingdom, but focused towards the Middle East. It has been up and running since 2020, so still quite a fresh addition to the crypto exchange market.
Aryana Exchange seems to allow US-investors on its exchange. At least we think so, seeing that we have read Aryana Exchange's terms and conditions and not found an explicit prohibition for US-investors to trade here.
Aryana Exchange Trading View
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at Aryana Exchange:
It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.
Aryana Exchange Fees
Aryana Exchange Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
Aryana Exchange charges what we call flat fees, meaning that both the takers and the makers pay the same fee when it comes to spot trading: 0.10%. These spot trading taker fees are below industry averages for centralized exchanges, so a competitive offering by Aryana in this regards. Sure, industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.
According to Cryptowisser.com's latest empirical study, the industry average spot trading taker fees were 0.215% and the corresponding spot trading maker fees were 0.162%.
Aryana Exchange Withdrawal fees
Withdrawal fees are usually fixed and vary from crypto-to-crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. The last time we did an empirical study of the BTC-withdrawal fees in the crypto exchange market, we found that the average BTC-withdrawal fee was 0.0006 BTC per BTC-withdrawal.
Aryana Exchange charges 0.0004 BTC per BTC-withdrawal, which is a bit below the global industry average (being 0.00059 BTC per BTC-withdrawal according to this report).
In order to trade here, you must have cryptocurrency to begin with. The only asset class you can deposit to Aryana Exchange is cryptocurrency. However, if you really like Aryana Exchange but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange. Use our Exchange Filters to easily see which platforms that allow wire transfer or credit card deposits.