VALR Exchange Review
VALR is a centralized exchange that occupies #196 on Guru InvestingExchange Tracker. VALR trading volume is US$12,375,021 in the last 24 hours and US$5,137,109,083 in the last 7 days.
Currently VALR has 22 cryptocurrencies, 2 paper currencies and 35 markets (cryptocurrency trading pairs). The most popular trading pair on VALR is BTC/ZAR.
Compare VALR next to other exchanges here: Exchange comparison tool.
The VALR cryptocurrency exchange is one of the largest centralized exchanges in South Africa. Apart from various types of trading, it also provides users with a payment channel (VALR Pay), ways to earn money while trading, and various rewards. In addition, the exchange complies with regulatory standards and offers multiple levels of security.
To use the exchange, users must pass KYC verification. In terms of accessibility, the VALR crypto exchange can be accessed through both mobile and desktop devices.
Markets
The only trading option available is the VALR spot market as there are no leverage or margin trading options. On the market there is about 77 trading pairs. The most popular VALR trading pairs include BTC/ZAR, USDC/ZAR and ETH/ZAR, which have the highest VALR at the time of writing. Also note that this crypto-fiat and crypto-crypto exchange. However, VALR only allows fiat currencies such as ZMV and ZAR.
VALR crypto fees are quite transparent.. There is no deposit fee. However, withdrawals in fiat currencies incur a flat fee of ZAR 8.50, while withdrawals in cryptocurrencies have varying fees. On the other hand, the exchange fee VALR for takers is 0.1% and for makers -0.01%. In addition to this, the simple swap fee is 0.85% of the transaction amount and the simple buy/sell fee is 0.75%.
other services
Talking about the types of trading on the VALR platform, users can choose from That Simple buy/sell option, advanced exchange option or automatic cryptocurrency purchase option.. The Simple Buy/Sell option allows users to buy and sell crypto assets easily and quickly. The Advanced Exchange option provides users with various trading tools and ways to customize their trades. Finally, the Auto-Buy Crypto option allows users to set up automated trading that does all the work for them.
Another service provided by VALR besides trading is VALR payment function. This allows users to send cash or cryptocurrency freely and quickly. With this feature, they can pay for various services and also simply send money to their family members. All they need is the recipient’s phone number, email address or VALR Pay ID.
In addition, the exchange offers Referral program. This allows users to earn passive income by referring new users to the platform. Users can get up to 15% discount on commissions as well as lifetime rewards just by referring their friends.
Finally, VALR pays Creator Awards. Traders can earn these rewards by increasing the liquidity of the exchange. Once they do this, they receive negative commissions, meaning the exchange pays the makers for trading.
About company
The VALR cryptocurrency exchange was founded in 2019. Its headquarters are located in South Africa. Its main goal is to make financial transactions possible regardless of national borders. The exchange has been recognized by the South African government as a cryptocurrency exchange.
VALR provides both a comprehensive spot exchange for experienced traders and an accessible trading experience for beginners in the form of simple purchases and simple exchanges.
While there are many different ways to deposit cryptocurrency, their team’s goal is to create a financial system that is useful and accessible to every customer who intends to use or deposit ZAR in exchange for cryptocurrency.
Farzam Ehsani, Theo Bohnen, Badi Sudhakaran and Chris Tsimogiannis — four co-founders of VALR. All of them were also the first members of the team that developed the blockchain for Rand Merchant Bank.
VALR’s trading volume in January 2023 was approximately $12 million. Check out the current VALR volume above.
VALR related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
