VALR vs PaxFul: Fees, Coins, Safety Comparison
| Feature | VALR | PaxFul |
|---|---|---|
Overall |
2.8 |
4.1 |
1 |
3.9 |
|
4.1 |
4.5 |
|
3.9 |
3.2 |
|
Investment Instruments |
1 |
4.1 |
Platforms and Charting Tools |
4.2 |
3.4 |
Deposit and Withdrawal |
3.1 |
5.0 |
Research |
3.5 |
2.5 |
Education |
3.6 |
5.0 |
Support |
3.9 |
3.9 |
Bonuses |
3.7 |
2.0 |
|
Your capital is at risk.
|
VALR vs PaxFul: Pros and Cons
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.
The Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
| VALR | PaxFul | |
|---|---|---|
| Overall Pros | a plethora of cryptocurrencies for exchange and trade; | Low P2P fees |
| functional and easy-to-learn trading terminal; | The platform is fully localized and translated into 21 languages | |
| the presence of an author's application for mobile trading; | Hundreds payment methods, from bank transfers to e-wallets; | |
| lucrative referral program with discounts and rewards; | Over 12 thousand reliable sellers and buyers | |
| top-tier level of protection of data and user funds; | Free Bitcoin wallet with BitGo is enabled; | |
| all major options for depositing and withdrawing funds; | Pafull pay for business | |
| low fixed fees for trading operations; | You change Bitcoin for any services and goods | |
| Crypto4Covid Fund for Covid-19 Affected People. | ||
| Overall Cons | only South African rand is presented as fiat; | Limited number of suported coins - only ETH, BTC, USDT |
| communication with technical support can be initiated exclusively through tickets. | Limited analytics and educatioin | |
| the exchange does not offer tutorials; |
VALR vs PaxFul: Safety and Regulation
| Regulated By: | VALR | PaxFul |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
VALR vs PaxFul: Trading Conditions
| Trading Conditions | VALR | PaxFul |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
VALR |
Paxful |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
70+ |
100+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
ZAR, Cryptos |
BTC, USDT, ETH, 100+ fiat currencies for exchange |
VALR vs PaxFul: Fees
Trading Fees
| Fee | VALR | PaxFul |
|---|---|---|
Max Maker |
0.10% |
1% for sellers, 0% for buyers |
Max Taker |
0.10% |
1% for sellers, 0% for buyers |
Min Maker |
0.10% |
1% for sellers, 0% for buyers |
Min Taker |
0.10% |
1% for sellers, 0% for buyers |
Debit/Credit Card Purchase Fee |
0% (Only ZAR) |
1% for sellers, 0% for buyers |
Futures Trading fees
| Fee | VALR | PaxFul |
|---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
| Fee | VALR | PaxFul |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
Debit/Credit Card Withdrawal Fee |
8.50 ZAR |
1% for sellers, No for buyers |
BTC Withdrawal Fee |
variable |
0.0004 for sending BTC, 0 for recieving BTC |
Inactivity Fee |
No |
No |
VALR vs PaxFul: Trading Assets
| Asset Name | VALR | PaxFul |
|---|---|---|
Overall |
70+ |
3 coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
No |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
No |
No |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
VALR or PaxFul: Investment Programs
| Asset Name | VALR | PaxFul |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Paxful earn |
Trading Platforms: PaxFul or VALR
| VALR | PaxFul | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: PaxFul or VALR
| VALR | PaxFul | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: PaxFul or VALR
| VALR | PaxFul | |
|---|---|---|
Indicators |
Yes |
not supported |
Drawing tools |
Yes |
not supported |
Historical Trades |
Yes |
not supported |
Live 2 Quotes |
Yes |
not supported |
Mobile trading: PaxFul or VALR
| VALR | PaxFul | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: PaxFul or VALR
| VALR | PaxFul | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
VALR vs PaxFul: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | VALR | PaxFul |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Only ZAR |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
VALR vs PaxFul: Research
| Research Type | VALR | PaxFul |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
VALR vs PaxFul: Education
| Education Type | VALR | PaxFul |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
PaxFul vs VALR: Support
| Support Features | VALR | PaxFul |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
No |
No |
VALR vs PaxFul: Crypto Bonuses and Promo
| Promo | VALR | PaxFul |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
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. |
Up to 50% of refferall trading fees |
|
Your capital is at risk.
|
Top 5 Reviews on PaxFul
-
Comment
My experience with Paxful has been negative, marred by unreliable customer support, security concerns, and high fees. The lack of protection for users' assets is unacceptable and undermines trust in the platform as a safe and reliable marketplace for buying and selling cryptocurrencies. As a client, I cannot in good conscience recommend Paxful to others, and I would advise anyone considering using the platform to proceed with caution and explore alternative options that offer a more reliable and user-friendly experience.
-
Comment
I opened a mini account in this scam, worked out a strategy and what a blessing that I first decided to test the withdrawal technology before opening a normal trading account. Now I put everything that was there on the withdrawal, namely $ 500! They can't even return the money!
-
Comment
Initially, I did not plan to trade on Paxful for a long time, it was interesting to try and compare the conditions with my then exchange. I registered, quickly passed the verification (so that, if anything, quickly withdraw the deposit) and replenished the account. There is no demo, but it is not needed with such and such minimum requirements: just a dollar is enough to deposit. On the plus side, there are many ways to replenish. But the base currency here is XBT, and I had to get confused. In terms of trade - an average option. I would not say that Paxful is very different from its competitors. There are really no analytics, and trading here is mainly due to three cryptocurrencies. Three! I won’t say that Paxful is a bad exchange, but I didn’t find anything interesting here for myself.
-
Comment
I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.
-
Comment
Paxful simply does not fail you. I registered on this exchanger following a recommendation from a friend. To be honest, I wouldn't have noticed it myself. It does not appear in the leaders, the trade turnover is quite modest. Well, it is understandable, only three cryptocurrencies were listed - bitcoin, ethereum and tezer. When I started working with this P2P platform, I realized why it was being praised. There is a really large pool of buyers and sellers here (according to rumors, the services of this crypto exchange are used by about 12 thousand people). At first, I traded on Paxful and on other platforms at the same time, but now I completely abandoned them.
Top 5 Reviews on VALR
-
Comment
VALR's customer support was unresponsive and provided little assistance in resolving the issues I encountered. I cannot recommend VALR for crypto trading due to its poor performance, inadequate support, and security concerns.
-
Comment
Account blocked! No comments, personal personal assistant does not get in touch. Worked with them for many years, until the merged everything was fine! Looks like it's taken too much!
-
Comment
On various forums and sites there are negative reviews about VALR, and most of them are true) I checked everything myself. The earned money was not allowed to be withdrawn, although the trade was going normally.
-
Comment
According to my observations, VALR is an exchange for everyone who is engaged in cryptocurrency trading. Beginners here will appreciate the interface of the trading platform and professionals will enjoy the absence of unnecessary services, such as consulting or personal managers. As a professional, I am honestly tired of opening top accounts and getting a manager who is not always competent. There is no such problem here. And the choice of cryptocurrency and convenient ways to replenish the deposit will be appreciated by everyone. I would add a service for copying transactions so that professionals can share their knowledge and get a percentage, and beginners can learn from someone else's experience.
-
Comment
Over five years of trading on crypto exchanges, I have come across different situations such as the inability to withdraw funds, frost from the support service, slippage, and glitches on the platforms. I can't say that VALR is the dream of any crypto trader, but the company performs basic functions well, and that's enough for me. The choice of cryptocurrencies is about the same as on other exchanges, but the commissions are significantly lower. When trading in high volumes, this is especially valuable. Communication with the support service could be made faster, and an online chat could be added, but this is not critical.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!