VALR is a cryptocurrency exchange registered in South Africa. It has been active since March 2019. According to information provided to its users on 29 December 2020, it is now actually even “one of the largest trading platforms in South Africa” and has almost 100,000 users.
VALR is one of the biggest cryptocurrencies in South Africa, although it launched in 2019. Popular international exchange, Bittrex backs the platform, which gives it credibility in regards to security and dependability.
VALR: the simple, safe way to buy, manage and sell your cryptocurrencies. VALR allows you to securely buy, store and sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar, Monero, Dash and many more with easy, user-friendly app and web platform.
VALR Exchange Basic Points
|Deposit Fees||Free. Small deposit fees apply.|
|Easy To Use||Yes|
|BTC Withdrawal limit||N/A|
|Customer Support||Available At Ticket & Live Chat|
How To Start ?
How To Sign Up At Valr Exchange ?
It Is Very Easy To Sign Up At Valr Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.
How To Deposit Fund At Valr Exchange ?
Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .
How To Trade At Valr Exchange ?
Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.
How To Withdraw At Valr Exchange ?
Withdrawing your funds from Valr is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.
How To Verify Id At Valr ?
You Can Start Trading On Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.
VALR 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. At this exchange, they 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.
At Valr Crypto Exchange , takers pay 0.10% of the order value in trading fees. 0.10% is below the global industry averages for centralized exchanges. 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 the latest empirical study on the subject, the industry average taker fees were 0.217% and the industry average maker fees were 0.164% (for spot trading). But what about the maker fees? Well, VALR actually offers so called negative maker fees (-0.01%). This means that the makers, i.e. the people creating the new buy or sell orders in the order book, get paid to trade.
For example: you are a maker. You create an sell order for Bitcoin, where you sell a certain amount of Bitcoin for USD 10,000. A buyer comes along and accepts your order. You were then the maker in this trade (the buyer was the taker). If the maker fee was -0.01%, as it is at VALR, you would not only get USD 10,000, you would also receive an additional USD 1.00 on top of that.
VALR Withdrawal fees
According to information we have received from the exchange, VALR does not charge any fees of their own when you withdraw crypto from your account at the platform. Accordingly, the only fee you have to think about when withdrawing are the network fees. The network fees are fees paid to the miners of the relevant crypto/blockchain, and not fees paid to the exchange itself. Network fees vary from day to day depending on the network pressure. In general though, only paying the network fees should be considered as below global industry average when it comes to fee levels for crypto withdrawals.
In addition to depositing cryptocurrency to the platform, Valr Crypto Exchange also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that VALR’s trading platform is also mobile compatible. You can download it to/from both the AppStore and Google Play.
Over 1 million rand in customer rewards disbursed in the last 3 months. When you increase liquidity on the exchange platform, we pay you to trade.
Valr Crypto Exchange Save 15% on trading fees when you refer a friend and earn additional lifetime rewards when you refer more friends.
They partner with Bittrex – a leading international crypto custodian – to keep your assets safe.
Valr Crypto Exchange use multiple layers of protection to keep your account and funds as safe as possible.
They comply with regulatory standards to keep you and VALR on the right side of the law.