VALR is a South African digital asset platform that enables its users to purchase, sell, store, and transfer cryptocurrencies without any hassle. Traditional fiat money systems and the emerging world of cryptocurrencies are bridged via the broker. VALR has an overall rating of 9/10.
VALR at a Glance
| Broker's Name | VALR |
| 📍 Headquartered | South Africa |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | None |
| 🌐 Countries not accepted for trade | Available to South African traders |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | None |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | · Crypto Wallets · Bank transfers |
| 💳 Withdrawal Options | · Crypto Wallets · Bank transfers |
| 💻 Platform Types | Proprietary crypto exchange platform |
| 📱 OS Compatibility | Windows, Linux, macOS, Android, iOS |
| 📈 Tradable assets offered | · Bitcoin · Ethereum · Solana · DogeCoin · Polkadot and many more |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
VALR Review – 15 Key Point Overview
VALR Safe or Scam
VALR Safe or Scam
When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities. While VALR does not appear to be regulated by any individual entities, the broker adheres stringently to exchange control regulations.
One of South Africa’s most secure and transparent cryptocurrency exchanges, VALR has more than 100,000 verified active users that trust the platform. VALR provides consumers with the assurance that its highly renowned security protocols are available to them at all times.
As such, VALR stores cryptocurrencies in both “cold storage” and “hot wallets”. Cold storage refers to offline institutional vaults that are geographically dispersed, access-controlled, and video-monitored. Hot wallets are online multi-signature wallets required to maintain operational liquidity.
All customer ZAR funds are always held in segregated accounts, distinct from VALR’s operational accounts, and the broker encrypts all sensitive user information.
VALR Pros and Cons
| ✔️ Pros | 🔴 Cons |
| Advanced crypto exchange platform | Not regulated |
| An impressive list of available digital and fiat currencies | No leverage offered |
| No none-trading fees | No demo account is available |
| Low exchange fees | |
| Excellent encryption and security technology | |
| Well-regarded in the industry |
VALR Leverage
Leverage is a tool that is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposure to the market in which they are trading despite their initial deposit. However, VALR does not offer leverage on any of its cryptocurrency products.
VALR Account Types
A Forex account is a trading account that traders hold with a specific broker for the purpose of trading financial instruments. Brokers may offer traders either a variety of accounts, with each catering to varying levels of skill, knowledge, and experience, or a single account that can be used.
The number of accounts along with the features offered will vary from one broker to the next. For this reason, it is imperative that traders evaluate brokers and make use of the demo accounts offered to explore the broker’s offering.
VALR appears to offer one standard account type which can be funded from your personal crypto wallet. Users also have the option of creating subaccounts. Subaccounts are accounts generated in addition to your main VALR account. You may use them to isolate your funds for different purposes and strategies.
The various uses of VALR subaccounts include:
Create a HODL subaccount for your long-term holdings
Allocate funds for your young Valrian’s future
Separate your tokens by utility, position size, and more
Demo Account
A demo account does not appear to be available from VALR at this stage. New traders will not be able to test out the broker’s platform features before opening a live account.
Islamic Account Option
As VALR is not a traditional Forex broker, but rather a cryptocurrency trading platform, swap rates will not apply. Therefore, Islamic Accounts are not made available.
VALR Market Instruments
In order to provide the best possible trading and user experience, VALR delivers a wide range of digital products and services to the global market.
For exchange, you can use Bitcoin, Ethereum, Ripple, Ethereum Classic, and Bitcoin Cash, among other cryptocurrencies. In terms of buying and selling, the exchange has a plethora of cryptocurrencies in its library.
VALR Fees
Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.
Trading Fees
For a straightforward sale or purchase, VALR charges 0.75 percent. Traders that are looking for a long shot might take advantage of this by paying a small trading charge to manage the odds.
Takers pay 0.1 percent and manufacturers -0.01 percent (to the exchange) for buy and sell fees. You can assume that the corporation will compensate you if you add new transactions to the transaction book.
Non-trading fees
As evidence of their dedication to openness and fairness, VALR does not charge any additional nontrading fees, such as account management fees or dormancy fees.
VALR Deposit and Withdrawal
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
VALR supports deposits in the following cryptocurrencies:
Bitcoin (BTC) – 2 confirmations
Ethereum (ETH) – 30 confirmations
Ripple (XRP) – 10 confirmations
Deposits can be made into your VALR account in the following way:
Click on the Deposit button under the card of the relevant cryptocurrency you wish to deposit on the Wallets page (or the QR code icon at the top right of the screen if you’re using our app).
Scan the QR code or copy the address shown on the page.
Use this address as the withdrawal address (or sometimes called the sending address) when sending from an external wallet.
With regards to fees, all crypto transactions to non-VALR customers will be subject to the normal withdrawal fee, which is based on the current network fee required to make an on-chain transaction. Withdrawal fees are always quoted to you on the withdrawal screen before you complete a withdrawal.
VALR Trading Platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. While some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
VALR is a cryptocurrency trading platform, and therefore no third-party platforms are provided by the broker.
As a cryptocurrency exchange, VALR connects buyers and sellers of cryptocurrency with each other. People looking to sell Bitcoin specify the amount and the price at which they’d like to sell. All these requests, known as ‘orders’, are placed in a common ledger, called the ‘order book.’
When a person wants to buy Bitcoin, they either look for a satisfactory offer in the order book or, if no order is available for the amount of Bitcoin they would like to buy, they create their own ‘buy order’. Whenever possible, the exchange matches buy and sell orders by price and processes the trades.
VALR Customer Support
VALR provides only limited customer support. The helpdesk can be contacted by submitting a request on the webpage under the appropriate query category.
VALR Education
VALR does not provide any training resources or educational materials to beginner crypto traders. As such, the platform is a better fit for more advanced crypto traders.
VALR Research
Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions. VALR does not provide any additional research tools or analytical features, however, there are tools inbuilt in the exchange platform which will aid cryptocurrency traders in their endeavors.
VALR Awards
Awards serve to instill confidence in a broker as it reflects the level of service the broker offers. While VALR has not listed any awards to date, the crypto exchange broker is well-regarded in the industry.
Conclusion
VALR is a leading South African crypto exchange that provides traders with a comprehensive range of digital coins on an advanced crypto-exchange platform. The broker enlists the use of advanced encryption technology as well as hot and cold storage for your digital coins, while also providing a transparent trading environment with low fees.
Disclaimer
VALR warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors. Before deciding to trade with VALR, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
VALR warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence VALR cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with VALR?
For exchange, you can use Bitcoin, Ethereum, Ripple, Ethereum Classic, and Bitcoin Cash, among other cryptocurrencies. In terms of buying and selling, the exchange has a plethora of cryptocurrencies in its library.
Which platforms are supported by VALR?
VALR is a cryptocurrency trading platform, and therefore no third-party platforms are provided by the broker.
As a cryptocurrency exchange, VALR connects buyers and sellers of cryptocurrency with each other.
Does VALR offer leverage?
VALR does not provide leverage
What spreads can I expect with VALR?
For a straightforward sale or purchase, VALR charges 0.75 percent. Traders that are looking for a long shot might take advantage of this by paying a small trading charge to manage the odds.
Takers pay 0.1 percent and manufacturers -0.01 percent (to the exchange) for buy and sell fees. You can assume that the corporation will compensate you if you add new transactions to the transaction book.
Does VALR charge a commission?
No additional commission is charged outside of the percentage between buying and sell.
Is VALR regulated?
While VALR does not appear to be regulated by any individual entities, the broker adheres stringently to exchange control regulations.
Is VALR a recommended forex trading broker for experts and beginners?
VALR is a preferred trading environment for advanced cryptocurrency traders
What is the overall rating out of 10 for VALR?
9/10
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is a virtual practice account that simulates real market environments and allows users to test out the broker’s conditions and features before signing up for a live account.
Does VALR offer a demo account?
A demo account does not appear to be available from VALR at this stage. New traders will not be able to test out the broker’s platform features before opening a live account.
How long is the demo account valid?
VALR does not provide a demo account
Which live trading accounts does VALR offer?
VALR appears to offer one standard account type which can be funded from your personal crypto wallet. Users also have the option of creating subaccounts.
What are the available deposit currencies for a live trading account?
- Bitcoin (BTC) – 2 confirmations
- Ethereum (ETH) – 30 confirmations
- Ripple (XRP) – 10 confirmations
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for VALR?
VALR does not appear to have a minimum deposit requirement
How do you make a deposit and withdrawal with VALR?
VALR provides the following deposit and withdrawal methods:
- Bank transfer
- Crypto wallet
Does VALR charge withdrawal fees?
All crypto transactions to non-VALR customers will be subject to the normal withdrawal fee, which is based on the current network fee required to make an on-chain transaction.
How long does it take to make a withdrawal?
Withdrawals are processed within the same day to bank wire transfer, and instantly to crypto wallets
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