VALR Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- All major cryptocurrencies, only South African rand is available from fiat, low fixed fees, mutually beneficial referral program, no investment
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- All major cryptocurrencies, only South African rand is available from fiat, low fixed fees, mutually beneficial referral program, no investment
Our Evaluation of VALR
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
VALR is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by VALR clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The VALR exchange offers a simplified cryptocurrency trading system with favorable conditions. The site stands out for its functionality, large trading volumes, and top-tier level of security. Of the options for passive earnings, only the referral program is available. There is mobile trading. The crypto exchange is engaged in charity work and acts transparently within the framework of international law.
Brief Look at VALR
The VALR exchange is a renowned cryptocurrency trading platform. Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading here. Instantaneous exchange and margin trading are available (but no leverage). Of the fiat funds, only the South African rand is represented. The crypto exchange has a web version of the trading terminal and applications for iOS and Android for mobile trading. The site offers a referral program with four levels of reward. Traders' assets are stored in the Bittrex system, and the platform uses several levels of security to protect users' funds. Fees are fixed and are below the market average.
- a plethora of cryptocurrencies for exchange and trade;
- functional and easy-to-learn trading terminal;
- the presence of an author's application for mobile trading;
- lucrative referral program with discounts and rewards;
- top-tier level of protection of data and user funds;
- all major options for depositing and withdrawing funds;
- low fixed fees for trading operations;
- Crypto4Covid Fund for Covid-19 Affected People.
- the exchange does not offer tutorials;
- only South African rand is presented as fiat;
- communication with technical support can be initiated exclusively through tickets.
TU Expert Advice
Financial expert and analyst at Traders Union
The VALR crypto exchange has been analyzed by Traders Union specialists using more than 120 criteria. The site is characterized as friendly and loyal to all categories of users. Registration takes less than five minutes, it is possible to transfer and withdraw cryptocurrencies from other crypto wallets and systems. Deposits and withdrawals can be conducted only through South African banks, and there are no other restrictions.
The exchange does not set a framework for trading strategies, there are no limits or additional fees. Commissions are fixed and differ for quick exchange and margin trading. Although commissions are below the market average, they can be further reduced in two ways — through its referral program and by bonuses in the form of rebates from the Traders Union. Especially favorable conditions are intended for the maker.
The trading terminal is represented by a standard web version and an application with adapted functionality. The security level is off the charts, and there are several protection factors. A bonus is the storage of funds in the international Bittrex system. The crypto exchange is registered in South Africa, but operates all over the world and works with residents of all countries without restrictions.
VALR has open tax reporting and is subject to international law. There were no facts of violation of obligations to clients. Of the minuses, there is a lack of detailed guides, demo accounts, and investment decisions. The site is a real catch for active cryptocurrency trading.
VALR Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
💻 Trading platform: | Proprietary (web and app) |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptos, currencies |
💵 Replenishment / Withdrawal: | Bank cards and accounts (ZAR only), electronic and cryptocurrency wallets |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0 |
💱 Commission: | Market |
🔧 Instruments: | Cryptos, ZAR |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market |
⭐ Trading features: | All major cryptocurrencies, only South African rand is available from fiat, low fixed fees, mutually beneficial referral program, no investment |
🎁 Contests and bonuses: | Not indicated |
The VALR crypto exchange has not set a minimum deposit. To make a quick exchange or trade on the exchange, the user needs to register, go through verification and deposit any amount of funds using any of the available methods. There are no limits or restrictions on trading strategies. There is no leverage for margin trading. Please note that there is only one way to contact the technical support of the company — through the ticket system.
Technical specialists will provide answers 24/7. You can see the summary data on the main trading conditions of the site in the table below.
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Commissions and fees
The exchange fee is 0.75% of the transaction amount, regardless of the assets involved and the transaction volume. For exchange trading, fees are also fixed but differ for the taker and the maker. The taker's fee is 0.1%, the maker's fee is 0.01%. Hence, the site pays extra to the maker for the deal.
A decrease in commission charges is possible with an increase in the level of the referral program. The maximum discount on commission fees is available at the third level, which is 15%. As additional savings, you can receive rebates through Traders Union.
Account type | Commission (minimum value) | Withdrawal commission |
---|---|---|
Standard | Up to 0.1% per order | Yes |
The average fees for trading operations on VALR are lower than on most other sites. For comparison, the table shows data for several cryptocurrency exchanges:
Broker | Average commission | Level |
---|---|---|
|
$0.1 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets and Products of the Broker
VALR cryptocurrency exchange does not offer investment solutions. Of the passive earnings on the site, only the referral program is available with the payment of a percent of the commission charges of invited traders. The crypto exchange is focused on active trading as the main source of income for users.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
VALR’s affiliate programs
The VALR referral (affiliate) program has notable differences from the typical programs of other cryptocurrency exchanges. The program includes four levels, but they are determined not by the depth of the referral network, but by the actions of the user. At each level (except zero), the exchange provides bonuses in the form of discounts on fees or affiliate payments.
Level zero: you register without a referral code and do not receive any benefits.
Level one: you register with a referral (invitation) code and receive a 10% discount on all trading commissions.
Level two: you invite another user with a referral code and get a 15% discount on all fees, and the user gets a 10% discount.
Level three: you invite two or more referrals and get a 15% discount on your fees. Plus, you also have access to 10% of all the commission fees of your referrals.
For you to receive a bonus for an invited referral, he must register, verify (confirm the data), and conduct at least one transaction. Inviting more than two referrals does not increase the discount, but allows you to earn more passively by increasing the number of sources from which you receive 10% of their fees.
The affiliate program is unlimited, you earn each time your partners trade on the site. You can invite an unlimited number of partners. You do not receive bonuses from users who are invited to the site by your partners.
An important advantage of the VALR referral program is that the invited user receives a guaranteed unlimited 10% discount on trading fees. This motivates users to sign up with inviting referral codes.
User Satisfaction