The VALR cryptocurrency exchange is one of the biggest centralized exchanges in South Africa. Apart from various types of trading, it also provides users with a payment channel (VALR Pay), ways to earn while trading, and various rewards. Besides, the exchange complies with regulatory standards and offers multiple layers of security.
In order to use the exchange, users must undergo KYC verification. In terms of accessibility, the VALR crypto exchange can be accessed through both – mobile and desktop devices.
The only available option for trading is the VALR spot market, as there are no options for leverage or margin trading. In the market, there are around 77 trading pairs. The most popular VALR trading pairs include BTC/ZAR, USDC/ZAR, and ETH/ZAR, which have the highest VALR volume as of writing. Also, note that it is a crypto-fiat and crypto-crypto exchange. However, VALR only allows such fiat currencies as ZMW and ZAR.
VALR crypto fees are quite transparent. There is no deposit fee. However, for fiat withdrawals, there is a flat fee of 8.50 ZAR, and for crypto withdrawals, the fees are variable. On the other hand, the VALR exchange fee for takers is 0.1%, and for makers, it’s -0.01%. In addition to this, the simple swap fee is 0.85% of the trade, and the simple buy/sell fee is 0.75%.
Talking about types of trading on the VALR platform, users can choose from the Simple Buy/Sell option, the Advanced Exchange option, or the Auto-Buy Crypto option. The Simple Buy/Sell option allows users to easily and swiftly buy and sell crypto assets. The Advanced Exchange option provides users with various trading tools and ways to customize their trades. Lastly, the Auto-Buy Crypto option allows users to set up automatic trading, which does the job for them.
Another service provided by VALR besides trading is the VALR Pay feature. It allows users to send cash or crypto freely and swiftly. They can pay for various services as well as simply send money to their family members using this feature. All they need is a phone number, email address, or VALR Pay ID of the recipient.
Moreover, the exchange offers a referral program. It allows users to earn passive income by referring new users to the platform. Users can get up to 15% discount on fees as well as lifetime rewards by simply referring their friends.
Lastly, VALR pays Maker rewards. Traders can get these rewards by increasing the exchange's liquidity. Once they do, they get negative fees, which means that the exchange pays makers for trading.
About the Company
VALR crypto exchange was founded in 2019. It has its headquarters in South Africa. Its primary mission is to make it possible to conduct financial transactions without regard to national borders. The exchange has been recognized as a cryptocurrency exchange by the South African government.
VALR provides both a complex spot exchange for experienced traders and an accessible trading experience for newcomers in the form of straightforward purchases and straightforward exchanges.
Although there are many different ways to deposit cryptocurrency, their team's goal is to create a financial system that is useful and accessible to each and every customer who intends to use or deposit ZAR in exchange for cryptocurrency.
Farzam Ehsani, Theo Bohnen, Badi Sudhakaran, and Chris Tsimogiannis are the four co-founders of VALR. They were also all initial members of the team that developed the blockchain for Rand Merchant Bank.
VALR trade volume in January 2023 ranged around $12 million. Check out the current VALR volume above.