VALR Review 2022- Best Cryptocurrency Trading Platform in South Africa

VALR Review 2022- Cryptocurrency Trading Platform in South Africa

VALR Review 2022- Best Cryptocurrency Trading Platform in South Africa

Table of Contents

VALR, a prominent South African financial service provider company, allows trade in 60+ cryptocurrencies. The exchange platform offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and many others. Read our in-depth Valr review

VALR is a new crypto player in the market that came into existence in 2019. Despite being a new player, it has created a brand image in the industry. It is partnered with global players to trade as many as cryptocurrencies within one platform. It is one of the largest trading platforms that has almost 100,000 active users. 

What is VALR? 

VALR exchange platform allows traders to buy, sell and exchange a wide range of cryptocurrencies, from Ethereum to Bitcoin.

The VALR is a full reserve crypto trading platform that follows a simple trading rule, allowing you to buy and sell more than 60+ cryptocurrencies. The platform has made work easier for traders because of its faster execution, easy-to-use and simple process in crypto trading. However, the website offers the ‘Refer and Earn Program’ as it is a good option for passive income.

In addition to that, educational resources are also available on the platform, allowing crypto traders to get knowledge on crypto topics. 

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How does VALR work?

How does VALR work?

VALR, as a leading cryptocurrency exchange platform, connects buyers and sellers to trade in a wide range of cryptocurrencies such as Bitcoin, Ethereum, Litecoin and many more.

Order Book 

Order Book works like a ledger where all the transactions related to buying and selling digital assets are recorded. The book keeps records of volumes, amounts and prices that people in the crypto market are willing to buy and sell cryptocurrencies. 

Buy/Sell

Traders can trade, buy, sell or exchange with a wide range of cryptocurrencies including Ethereum, Bitcoin and Litecoin. 

Is VALR a Scam? 

No, VALR is not a scam. In spite of being a new player in the crypto market, it has received positive review and ratings from various consumers. It has rated 3.6 stars out of 5. On this basis, we can say that the crypto trading platform is legit. 

On the other hand, VALT does not hold a license from any centralised or authorised regulatory. So, many traders are afraid to trade with VALR. So, we can not justify whether it is a scam or legit. 

Valr Trading, Deposit and Withdrawal Fee

VALR Review: Trading, Deposit and Withdrawal Fee 

The platform mainly focuses on transparency and fair pricing structure as compared to other crypto platforms. The online broker is not charging high prices for withdrawing, depositing or trading. Let’s have a look at the fee structure: –

VALR Deposits Fee

  • Does not charge any deposit fee on fiat deposits or currency deposits

VALR Withdrawal Fee 

  • The platform charges fixed ZAR as a withdrawal fee of R8.50
  • The crypto traders will have to pay ZAR Fast Withdrawal of R60
  • Crypto withdrawal fee may vary depending on the cryptocurrency to cryptocurrency 

VALR Trading Fee 

You are required to pay a 0.75% charges on every trade:-

Swap/ Exchange Fee

The exchange/ swap fee is being charged at 0.85% per trade 

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VALR Review: Pros and Cons of VALR

Unlike other Crypto Trading Platforms, VALR has some pros and cons mentioned below in a table format:- 

 

Pros Cons
Two-Factor Authentication and SSL Security Measures Lack of Educational resources and tutorials 
More than 60+cryptocurrencies are available for crypto trading News Section is Missing 
24 Hours Market Live Rates Non- Availability of Platforms Like Meta Trader4 and MetaTrader 5
Advanced Trading Platforms The platform is not offering the facility of demo account 
No minimum amount deposit is required Accepts only ticket-based queries in order to contact technical support team 
Live Chat Support for 24×7  It accepts only rand currency as fiat
Earn Rewards and Commissions respectively through referral and affiliate links. 
The exchange platform is suitable for beginners and professional experts. 

VALR Review: How to Create an Account At VALR?

If you are wondering how to create an account at VALR. Must follow the below-mentioned steps:- 

  • Visit the official website i.,e www.valr.com
  • News users must  Click on the ‘Get Started’ Option which is available on the upper-right side of the page. 
  • Mention the necessary details like Name, Email address, etc. 
  • Click on ‘I am not a Robot’. 
  • Accept the terms and conditions while creating an account and click on continue. 
  • Start Trading with the VALR and discover the experience of crypto trading

VALR Review: How To Deposit Money Into a VALR Account? 

If you are a beginner and wondering how to deposit money from your Bank account into a VALR account. You must follow the steps mentioned below:- 

  • Login to your VALR Account via the app or website
  • Tap on ‘Wallet’, which displays at the bottom of your screen (for mobile app users) and on the top of your screen (for website users). 
  • Click on the ZAR/RAND wallet and tap on ‘Deposit’. 
  • Choose the method of depositing money and use EFT.
  • Select the bank name or account from which you will transfer money into the VALR account. 
  • VALR’s account details and your unique VR reference will be displayed on your screen. 
  • Sign in to your bank account to transfer money. Once done, the deposits will be highlighted in your VALR account. 

Note: Always use your unique VR******* reference number as the beneficiary while transferring the money.

VALR: Key Features

Undoubtedly, VALR is a prominent platform in South Africa for exchanging cryptocurrencies as it has some key features:- 

  1. Within 3 years of establishment, the crypto exchange platform has successfully built its unique position as 100,000 active users are using this platform.
  2. Refer VALR with your friends and as many as members you can and get the benefit of 15% on the trading fee. 
  3. The platform has robust security measures in order to buy/sell or trade cryptocurrencies. Two-Factor Authentication and SSL securities methods to protect the confidential details of traders. 

What is VALR Pay?

What is VALR Pay? 

VALR Pay is a fast, safe and easiest way to make Cash or Crypto payments through a mobile number, email address, or VALR Pay ID. It works similarly to other online payment apps or e-wallets (Google Pay). 

Send Crypto or RandsWith VALR Pay

You can send cryptos or rands to anyone by using a mobile number or email address or by scanning another customer’s VALR Pay ID.You can add a note or message while sending the crypto to the recipient, as it helps in remembering what you have paid for. 

Receive Crypto or Rands

You can make a request for payments by sharing your mobile number, email address, or VALR Pay ID. 

What Cryptocurrencies are available at VALR? 

VALR has tied up with global players to offer fast trades, digital wallets and industry-leading security. The online broker has 60+ cryptocurrencies available for purchasing, holding and selling. 

A list of major cryptocurrencies available on VALR for trading are as follows:-  

  • Litecoin(LTC)
  • Ethereum (ETH)
  • Bitcoin (BTC)
  • Dogecoin (Doge) 
  • Shiba Inu (SHIB)
  • Many More

VALR Review: Platforms and Applications Availability

For users’ convenience, online brokers support web-based platforms and mobile applications. Both of the platforms are essential for trading purposes. Even beginners can do trading easily with these platforms 

Web-Based

Traders can access VALR through the desktop platform: 

  • User-Friendly Interface
  • Market Live Rates 
  • 24*7 Customer Support

Mobile Apps 

Mobile Apps are always considered the easiest way to perform trading. 

  • Educational Resources
  • 24*7 Customer Support
  • Easy to Access
  • Proper Navigational Tools 

How Does VALR Refer and Earn Program Work?

VALR Review: Refer and Earn Program 

Refer and Earn Program is the best way to earn more money as a side source of income.VALR is offering exciting rewards and discounts while referring to your friend. 

Refer to Friends 

Refer VALR to your friends, family and others and get a chance to earn a handsome discount as it will give you a discount of 15% on trading fees and take advantage of earning additional lifetime rewards. 

Rebates and Rewards

VALR Referral Program offers rebates and rewards. Rebates are discounts that allow you to receive on the trading fee, while rewards are commissions that enable you to get from the trading fee from your referrals. 

VALR Review: How Does VALR Refer and Earn Program Work? 

You can earn more money by sharing the VALR  referral links with more & more people 

How much rebates or rewards you will receive by sharing referral links with people are mentioned below:-  

 

Referral Levels Rebate

% of your own trading fees 

Rewards

% of your referral trading fees 

Level 0 

Sign-Up without Referral Code 

Level 1

Sign-Up with Referral Code

10%
Level 2

Refer one sign up 

15%
Level 3 

Refer two or more sign-ups

15% 10%

Comparison of Paxful vs VALR Review 

After doing in-depth research, we have analyzed that many crypto platforms offer crypto exchanges in the market. We have chosen the best platforms among them and compared them with VALR.

 

VALR  PAXFUL
Supported Platforms Android or iPhone  iPhone or Android 
Supported Cryptocurrencies  60 16
Taker Fee  0.10% 1.00% (sellers)
Maker Fee  0.01% 0.00% (buyers)
Withdrawal Fee  0.000046 0.0004
Payment Methods Wire Transfer, Credit Card  Wire Transfer, Credit Card 
Establishment Year  2019 2015
US Accepted  No  Yes
Offer Derivatives  No No 
Base Account Currencies ZAR, Cryptos BTC, USDT, ETH, 100+ fiat currencies for exchange
Minimum Deposit  $1 $1

Comparison of Luno VS VALR Review

VALR  LUNO
Supported Cryptocurrencies  60
Taker Fee  0.10% 0.75%
Maker Fee  0.01% 0.75%
Withdrawal Fee  0.000046 0.000046
Payment Methods Wire Transfer, Credit Card  Wire 
Establishment Year  2019 2013
Regulated  Not Regulated with any centralised authority  Securities Commission of Malaysia

VALR Customer Support

VALR Customer Support 

Once registered at the VALR website, you can raise queries or complaints only through the web. The online broker only solves queries/complaints on a ticket-based basis. If you have any queries or complaints. Select an issue by providing information like the subject, describe the issue, mention the email address, and then submit your complaints. 

You can’t directly communicate with customer care representatives by dialling the number mentioned on the website. This is disappointing to many traders, but the positive valr review of VALR are likely to reduce the risks for traders. 

Conclusion 

After an in-depth analysis of VALR, we believe it is suitable for novice investors and professionals as it has various exciting features. You can see that the website is easy to understand and use, as it has proper navigational tools with a combination of light colours. 

VALR has used strong security measures for trading transactions in crypto. In addition to that, the platform has listed refer and earn programs for earning money. But, the disappointing thing is that the VALR does not has strong platforms like Metatrader 3 and Metatrader 4 – these are the most trending platforms for crypto trading. 

The novice investors who are interested in crypto trading but don’t know how to do it. InvestBy is a platform which helps investors throughout the crypto trading platform. 

FAQs

How to Download the VALR app?

You can download the VALR app through Google Play Store or App Store by visiting the official website. Android users must allow the necessary permission to the browser or the file manager while installing the application. 

Is VALR safe to use?

Yes, VALR is safe to use as the exchange platform has the highest level of security, similar to that used by banks and financial institutions. It is encrypted by Secure Sockets Layer (SSL) to protect clients’ confidential information. Just make sure not to share your credentials.

Is VALR API available?

Yes, VALR API is available. It has a Trading Application Programming Interface (API). VALR’s API is a robust way for market makers/ traders to sync with the exchange. You can connect the Platform to VALR to access the features and functions on your Platform and also allow your user to use VALR directly without leaving your Platform. This API is highly useful and has many benefits for users.

Does VALR work in Botswana?

Yes, VALR accepts international customers from almost all countries around the world. They sadly cannot serve customers from any countries on the international sanctions list, nor are they able to provide their services in some countries where the cryptocurrency regulatory environment is restricted.

What is VALR used for?

VALR, is a platform for exchanging cryptocurrencies through purchasing, buying and selling. This digital asset exchange offers a variety of trading pairs, including BTC/USD, ETH/USD and LTC/USD. VALR provides various tools and resources to help users make informed trading decisions, including price charts, order books, and trade history.

Is VALR a bitcoin wallet?

No, VALR is a digital asset exchange that allows customers to buy, sell, store and trade cryptocurrencies. Wallets differ from exchanges – they store your private keys – credentials that give you access to your crypto assets – secure and accessible, so you can easily send and receive crypto funds. 

What is the Paxful fee? 

It is great to know that Paxful does not charge a high fee when you are trading on Paxful. It charges a 1%  service fee for withdrawing from your credit card to your Paxful account. 

How can I contact Paxful Support? 

The exchange offers a robust customer support system along with a smooth and easy process for contacting the support team. Paxful is developed keeping in mind customer support as it has FAQ sections that help gain knowledge of Bitcoin. Online forums and 24 hours of responding are great ways to get in touch with customers. 

What is the use of Paxful Wallet? 

Paxful Wallet is a safe, secure and easy way which allows you to send and receive BTC. It is equipped with best-in-class features making it one of the most trusted wallets in the world. 

What is the use of the Paxful Calculator? 

You can use the Paxful Bitcoin Calculator if you want to calculate the worth of your Bitcoin in your supported currency. It also provides you with the real market rates and historical trends of the BTC value according to the selected currency.

Does Paxful Offer a Bitcoin Wallet? 

Yes. Paxful is offering a Bitcoin Wallet. Sign Up with a Paxful account, and you will receive a Bitcoin wallet instantly. It is a prominent platform for trading or managing Bitcoin. 

How to sign up Paxful? 

Paxful SignUp process is simple and easy. 

Follow the below-mentioned steps:- 

  • Visit the official website www.paxful.com and click on the ‘Register’ Tab, which is placed on the top right corner of the homepage of the website. 
  • Create an account by mentioning your number, email address and a strong password
  • You will get an OTP on your mobile number or email for verification. 
  • You will have to verify with a phone or email address (whichever one you create your account with).
  • Start trading with Paxful. 

What Luno App can be used for? 

You can install the Luno App through Play Store or App store to access the crypto exchange platform. It is secure and safe, has a user-friendly interface that allows crypto trading, and is the easiest way to store crypto. 

In which Luno Countries are Available?

South Africa, Indonesia, Malaysia, and Nigeria are some of the major countries where Luno is available. 

What is the Paxful Wallet? 

Paxful Wallet is a safe, secure and easy way which allows you to send and receive BTC. It is equipped with best-in-class features making it one of the most trusted wallets in the world. 

How to redeem gift cards on Paxful?

Paxful is selling gift cards on its website by offering some discounts. Many people asked ere’s no way you’re going to get bitcoin equivalent of your gift card’s worth.

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