Peer-to-peer
Where your tomans are at each step of a currency trade
In a currency room your tomans are locked by the exchange and the seller sends the currency to your own account abroad. This guide says where your money is at each step and what releases it.
2 min read · Checked on 27 Oct
Where your money is at each step
- 1Reserving. You choose the amount and the rate and name your own foreign account. Nothing is locked yet.
- 2Tomans locked. When the trade opens, its toman amount is locked from your balance with the exchange. If your balance is short, top it up first with a deposit from an account in your own name; a deposit is added to your balance once its name, amount and tracking number are checked.
- 3Currency sent. The seller sends the currency from their own account abroad to yours and registers the bank reference. Your tomans are still locked.
- 4Receipt confirmed. You check your foreign account. Only once the currency is actually there — not an SMS, not a receipt — do you confirm.
- 5Tomans released. Your confirmation releases the tomans to the seller. It cannot be undone.
What releases the tomans
Only three things: your confirming that the currency arrived, a decision by the exchange's staff on a dispute, or the trade being cancelled or expiring before a transfer is registered — which returns the tomans to you. No clock ever releases tomans to the seller.
If the seller does not send
Every offer has a window for sending: usually under an hour for European transfers, up to a few days for SWIFT. If the seller does not register the transfer within it, the trade expires and your tomans are released that moment. If they register a transfer and nothing arrives, raise a dispute from inside the trade; the tomans stay locked until a supervisor decides.
The rules
- No third-party payments: the receiving account must be in your own name, and the seller sends from an account in theirs.
- A receipt alone is not proof that the currency arrived. Do not confirm until you see the money in your account.
- Neither side's contact details are shown, and the conversation stays inside the trade.
- Raising a dispute stops the release at once.
Any trade fee is shown on the trade's page before it opens and comes out of the tomans the seller receives.
- The dispute centre: a safe stop, reviewed by a supervisorIf money did not arrive, or the amount or account did not match, raise a dispute. The escrow stays locked, both sides' evidence is seen, and a person — not a clock — decides.
- Working with Iranian: the suppliers' clubIf you hold a bank account abroad and can deliver currency, you can sell in the currency rooms. At the start only invited partners are admitted; this guide says how, and what it commits you to.
- Selling on the peer-to-peer marketHow to post a sell offer, list several receiving accounts, when to confirm payment, and what happens if the buyer does not pay.
- Trading safely peer-to-peerIn the peer-to-peer market you trade directly with other customers. The exchange holds the asset in escrow so that neither side can cheat the other — as long as you keep to these few rules.
Ready to start?
Signing up with your mobile number takes a few minutes.