Pros
Cons
Quick Summary
| Headquarters Location | Johannesburg, Gauteng, ZA |
|---|---|
| Fiat Currencies Supported | USD, EUR + 1 other |
| Total Supported Cryptocurrencies | 30+ |
| Trading Fees | 0.00% - 0.05% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
VALR’s entrance into the realm of cryptocurrency exchanges has been marked by a strategic blend of technological innovation and a clear understanding of trader needs. This exchange has carved out a niche for itself, particularly within South Africa’s growing crypto ecosystem.
VALR’s platform has been meticulously crafted to deliver a seamless trading environment, fostering an atmosphere where both seasoned investors and those new to cryptocurrencies can navigate the complexities of digital finance with confidence.
About VALR
VALR’s inception coincides with a pivotal era in the financial world, where the rise of digital currencies has been reshaping the landscape of investment and trade. The exchange has been part of a broader narrative, one where disruptive technologies like blockchain are increasingly integrated into mainstream finance.
Its evolution mirrors the growing acceptance of cryptocurrency as a legitimate asset class and reflects an increased appetite for digital asset trading among investors seeking to diversify portfolios beyond traditional markets.
VALR has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and YouTube.
VALR has a mobile app on both the Apple App Store and Google Play.
VALR Supported Cryptocurrencies
VALR supports trading on over 30 cryptocurrencies on their platform. This exchange currently supports 12 of the top 30 market cap cryptocurrencies.
Download full list of cryptocurrencies VALR supports
Trading Experience
The Trading Experience on VALR has been designed to offer a trading platform that is both accessible to newcomers and rich in features for advanced traders. With a focus on intuitive user interfaces and instant liquidity, the exchange facilitates a seamless trading process.
The platform’s robust trading app, compatible with various operating systems, ensures that users can trade on the go with minimal friction.
Trading on VALR is akin to navigating a well-charted sea. Traders can expect a streamlined experience bolstered by the availability of a diverse array of trading instruments and analysis tools.
The platform is built with an acute awareness of traders’ varied expertise levels, offering an environment where they can enhance their skills using educational resources and interactive analysis functions. The trading app’s compatibility with multiple operating systems underscores the importance VALR places on accessibility and user convenience.
VALR Fees
Understanding VALR’s Fee Structure At the heart of VALR’s offering is a competitive and dynamic fee structure. The exchange incentivises market makers with lower fees, while market takers experience a fee model aligned with the liquidity they access.
Fees are structured to encourage active trading without becoming a barrier to entry for novice traders or experienced traders seeking to maximise their trade outcomes.
In an industry where transaction costs can significantly impact profitability, VALR has positioned its fee strategy to be a critical competitive advantage. By incentivizing market makers and providing a fair fee model for market takers, the exchange has managed to strike a delicate balance.
This approach ensures that trading remains an economically viable activity for all participants. The nuanced fee structure also supports a vibrant ecosystem where liquidity is maintained at levels that accommodate the swift execution of trades.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0.13% |
| Deposit Fee (Credit/Debit Card) | 3.90% |
| Trading Fee | 0.00% - 0.05% |
| Withdrawal Fee (Bank Transfer) | 0% |
VALR supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, they don't charge anything above the standard Bitcoin network fee. Across all the crypto exchanges we've reviewed, the average Bitcoin transaction fee charged is 0.000288 BTC compared to the actual network fee of 0.000018 BTC. This means you are saving 93.91% on Bitcoin transactions by using VALR instead of other exchanges.
Security - Is VALR Safe?
Regulatory and Security Measures at VALR stands committed to the highest level of security standards, incorporating best practices such as two-factor authentication and cold storage solutions. Their commitment extends to adhering to regulatory standards, ensuring that traders’ assets and bank accounts are safeguarded against digital threats.
VALR’s commitment to security transcends the basic requirements, reflecting a deeper understanding of the paramount importance of trust in the digital age. Beyond the implementation of two-factor authentication and the strategic use of cold storage, the exchange invests in a comprehensive security framework.
This includes regular audits, ongoing risk assessments, and the integration of cutting-edge safeguards to protect against evolving threats. Such measures are critical in an industry where the integrity and resilience of an exchange are directly correlated with its reputation and user trust.
VALR Customer Support
Customer Support Services at VALR’s customer support team is a cornerstone of the trading experience, offering assistance with a personal touch. Their support extends across various channels, ensuring that whether it’s an issue with crypto withdrawals or a query about trading fees, traders will receive timely and comprehensive assistance.
At VALR, customer support is an extension of the platform’s philosophy of inclusivity and user empowerment. The customer support team excels in providing tailored assistance, recognizing that every trader’s journey is unique.
The breadth of support channels available ensures that users can find help when they need it, covering a spectrum of needs from technical troubleshooting to navigating complex trading operations. The focus on responsive and comprehensive support reflects VALR’s dedication to fostering a customer-centric trading environment.
VALR Support Channels
How to Sign Up on VALR
- Create Account - Visit the VALR website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
VALR Alternatives
Binance
Total Supported Cryptocurrencies
408+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
321+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
319+
Trading Fees
-0.005% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
In a world where the distinction between digital and traditional finance is becoming increasingly blurred, crypto exchanges play a pivotal role. They are not only gateways to new forms of investment but also hubs of innovation, continuously shaping the future of finance.
The trajectory of the industry suggests that exchanges will continue to evolve, incorporating more advanced features and services to meet the demands of an ever-expanding user base. In this dynamic environment, the success of platforms like VALR will hinge on their ability to adapt and cater to the multifaceted needs of the global market.
VALR FAQs
VALR’s withdrawal fees depend on the type of withdrawal being processed. For crypto withdrawals, the fee varies depending on the specific cryptocurrency, as each has its own network fee.
For fiat currency withdrawals to South African bank accounts, there might be a different fee structure. It’s important to check VALR’s latest fee schedule on their platform as fees can change based on market conditions and liquidity needs.
The time it takes for a deposit to be credited to your VALR account can vary. For fiat currency deposits from South African banks, it typically takes a few hours up to a day during business days.
However, deposits might take longer if done outside of regular banking hours or on weekends. Crypto asset deposits depend on the asset’s network confirmation times and current network traffic.
Yes, you can send Bitcoin from your VALR wallet to another external wallet. To do this, you’ll need to navigate to the withdrawal section on the VALR platform, enter the recipient’s wallet address, and authenticate the transaction, often requiring two-factor authentication.
It’s important to ensure the accuracy of the recipient’s address to avoid accidental transactions.
VALR is based in South Africa, and it operates as a cryptocurrency exchange platform allowing users in this market to trade a wide range of digital assets.
VALR might have minimum deposit requirements, but these can change over time, so it’s best to check their website or contact their customer support team for the most current information. The minimum deposit can vary depending on whether you’re depositing fiat currencies or crypto assets.
To deposit money on VALR, you’ll need to link your bank account details to your VALR account. Once linked, you can transfer funds from your bank account to your VALR account.
The exchange may provide features such as a reference code to ensure the deposit is correctly credited to your account. Always follow the deposit instructions provided by VALR to ensure a smooth transaction.
To start trading with VALR, create an account on the VALR platform, complete the necessary authentication steps, and deposit funds or crypto assets. Once your account is funded, you can begin trading by selecting from the various trading pairs available on the exchange.
VALR offers tools for both novice and experienced traders to engage with the market.
VALR is registered as a cryptocurrency broker in South Africa and operates in compliance with local regulatory standards. The platform often emphasizes its commitment to security and regulatory standards to provide a secure and trustworthy environment for crypto traders.
VALR User Reviews
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Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.
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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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