VALR Review 2022

Stop United States not accepted.

Go to the Brokers List for alternatives

VALR is a popular cryptocurrency exchange and trading broker. Based in South Africa with 100,000+ active clients, investors can buy, sell, hold and trade leading digital currencies.

BonusReward Scheme
InstrumentsCrypto
Demo AccountNo
Min. Deposit$0
Payment Methods
Min. TradeVariable
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewYes
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingNo
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingNo
Copy TradingNo
Islamic AccountNo
Account Currencies
  • USD
Crypto TradingVALR offers access to a long list of major and emerging tokens, including Bitcoin (BTC)
Crypto Spread0.75% buy/sell per trade
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • AAVE
  • ADA
  • ALGO
  • ANT
  • AVAX
  • BAT
  • BCH
  • BNB
  • BNT
  • BSV
  • BTC
  • CELO
  • COMP
  • CRO
  • CVC
  • DAI
  • DCR
  • DGB
  • DNT
  • DOGE
  • DOT
  • ENJ
  • EOS
  • ETC
  • ETH
  • GNO
  • GNT
  • KMD
  • LINK
  • LSK
  • LTC
  • MANA
  • MATIC
  • MONA
  • OMG
  • PAX
  • PIVX
  • QNT
  • QTUM
  • REPV2
  • RLC
  • SC
  • SHIB
  • SNT
  • SOL
  • STMX
  • STORJ
  • TRX
  • TUSD
  • UNI
  • USDC
  • VET
  • WAVES
  • XEM
  • XLM
  • XRP
  • XTZ
  • ZRX
Risk Warning – Your capital is at risk

VALR is a South African-based crypto broker and digital currency exchange. Users can buy, sell and trade 60+ popular cryptocurrency tokens, including Bitcoin, Litecoin, and Ethereum. This 2022 review of VALR will cover the registration and verification process, login security, deposit and withdrawal fees, platform features and more.

VALR Headlines

VALR was first established in 2019 and has its headquarters in Johannesburg, South Africa. Since becoming fully operational in 2021, the platform has amassed over 100,000 active users. The broker has proven particularly popular at home, where over six million South Africans are estimated to own digital currency.

The purpose of the digital exchange is to bridge the gap between the traditional fiat financial system and the new world of crypto-assets. With this, the company has worked to create a suitable trading environment for both beginner investors and advanced day traders.

The firm aims to provide the best crypto trading solution on the market with transparent fees, alongside high-quality customer service, robust technology and advanced safety protocols. Retail clients can buy, sell, store and transfer crypto-assets seamlessly and securely.

Like most crypto exchanges, VALR does not hold a license with the Financial Sector Conduct Authority (FSCA) or any global regulatory body.

Trading Platforms

There are two platform options. The Buy/Sell terminal is ideal for beginners, with simple trade executions, clear chart layouts, easy-to-understand price predictions and transaction history information. The Exchange platform is designed for more experienced day traders.

Both terminals are user-friendly and can be accessed via a web browser. There is no downloadable version available on PC devices.

Features include trade history, a common ledger order book interface and advanced charting and technical indicator layers.

Simple Buy/Sell

The easiest way to swap one asset for another via the VALR platform. The Buy/Sell terminal allows users to swap a specific amount of one crypto, for another, at the best price from the VALR exchange or a liquidity partner. Protections are also in place to limit quote acceptance that is significantly different from the current market price.

VALR broker group portal login
Crypto Purchasing

Exchange Platform

The VALR Exchange is available to all customers, though it is best suited to retail investors with some experience in digital currency trading. Features of the platform include:

VALR broker training quotes
Crypto Exchange

Tokens & Assets

VALR has partnered with global players to provide fast trades, dependable digital wallets and industry-leading security. The online exchange provides access to 60+ crypto-assets to buy, hold or trade.

The list of available tokens includes:

VLAR Fees

Full transparency and fair pricing are among VALR’s main objectives. With that in mind, the broker does not apply any account opening charges, cryptocurrency storage rates or monthly management fees. Below we outline some of the key finance charges to bear in mind when registering for an account:

Mobile App

The VALR platform is available as a mobile app. Accessible on both Apple and Android devices, the mobile application features all the functionality of the web terminal in an intuitive interface designed for smaller screens. Clients can execute trades, view portfolio performance and purchase cryptocurrency in one click.

Users simply need to download the mobile app from the relevant app store and sign in with their VALR login details.

VALR broker mobile version
Mobile App

Payment Methods

Deposits

VALR accepts account funding in both fiat money and cryptocurrency. There are no minimum deposit requirements and the broker does not charge any deposit fees, although third-party charges may apply.

The exchange accepts payment via bank wire transfers, South African debit/credit cards, and VALR Pay, among others. Accepted currencies include the South African Rand (ZAR), Bitcoin (BTC), Ether (ETH), Solana (SOL), Ripple (XRP) and Binance Coin (BNB).

ZAR deposits can take up to 48 hours to reflect in client accounts. Cryptocurrency deposit processing times can vary depending on network confirmation requirements.

Deposits must be made via the ‘Wallets’ page in the client hub.

VALR Pay

VALR Pay is a fast, free and simple way to make cash or cryptocurrency payments to any mobile number, email address, or other VALR Pay ID. It works by unique QR code reference, meaning customers can simply scan and receive to make a payment.

Minimum (0.00001 BTC or equivalent) and maximum limits (10 BTC or equivalent) apply.

Withdrawals

There are no minimum or maximum withdrawal limits for fiat currency. Daily withdrawal limits are, however, imposed on crypto profiles. This includes a 0.2 BTC daily limit for verified accounts.

Processing times vary by method, but the broker aims to process all requests within 24 hours. Fast withdrawals in South African Rand are also available with some participating banking institutions. No withdrawals are processed on public holidays or Sundays.

There are no withdrawal charges for the first payment per calendar month. Any further withdrawals will incur an R8.50 fee for fiat payments or a network variable crypto charge.

Demo Account

VALR does not offer demo account services to new customers. Although very few crypto exchanges do offer a paper trading account, major competitors, including Binance and KuCoin, do provide demo exchange environments.

Paper trading accounts are a great way to practice strategies risk-free and learn platform features and tools. It might be worth registering for a new profile, without adding any personal capital at first to navigate the broker’s crypto trading services.

Deals & Promotions

There are several reward schemes available for new or existing VALR customers. Benefits include discounts on trading fees. VALR is, in fact, the first exchange in South Africa to pay market makers a percentage of their trade value whenever their orders get matched. The reward scheme pays market makers 0.01% of a trade’s value to provide liquidity to the exchange’s order books.

Alternatively, the broker’s referral program is designed on a rebate and reward scheme. Simply explained, the more referrals you complete, the more rewards you are entitled to. For example, if you successfully refer two or more customers, you are entitled to a 15% rebate on your trading fees and a 10% reward on your referrals’ trading fees.

As with all regulatory guidelines across the cryptocurrency exchange, there are no restrictions on bonuses or financial incentives. With this in mind, always review terms and conditions before you sign-up. Unrealistic minimum thresholds and withdrawal requirements may be set.

Regulation & Licensing

VALR is not licensed by any regulatory body. It is important to note that this is common among crypto exchanges. Still, caution should be taken as the lack of regulation means that in the event of hacks, scams or insolvency, funds may not be refunded.

According to the Cointelegraph, South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets, with exchanges expecting the move to drive further digital currency adoption across the region. Before this, the cryptocurrency space has been left to develop organically in South Africa, with no clear-cut regulations issued by the South African Reserve Bank (SARB).

Additional Features

It was disappointing to see a lack of educational content and resources for retail traders. The VALR broker platform does not provide access to the latest market news, basic trading terminology or online training guides. It would be good to see this information integrated in the future to create a comprehensive investing environment. A live chat peer forum, integrated YouTube video content or group webinars would also be beneficial.

A portfolio tracker is available to all VALR users. This allows clients to monitor the performance and distribution of their holdings on the VALR exchange. Personal portfolios can be displayed in a preferred reference currency, including USD, BTC and ZAR. Investors can view total portfolio distribution, profit/loss performance insights, and composition by asset.

VALR crypto exchange
Portfolio Management

VLAR Accounts

You won’t find multiple account options when signing up with VALR. Retail investors must sign up to one online profile to begin buying, selling or trading cryptocurrency.

Trading with the broker is ideal for investors of all experience levels. Beginners can explore the simple Buy/Sell network vs the more advanced, customizable investing platform to execute trades. There are no restrictions on how you trade.

Opening An Account

It is easy to register for a new live trading account. Processing can be completed in under five minutes. All registration details must be completed via the ‘Get Started’ icon, located at the top right of the homepage.

Sign-up requirements include completing the online registration form, uploading identity documents with automated verification technology and providing proof of residency.

Pros

Cons

Trading Hours

The crypto trading market is open 24 hours a day, 365 days a year. This means you can buy and sell digital currency around the clock.

The crypto market isn’t hosted on a regulated exchange – it is spread across a decentralized network of global computers.

Customer Support

We were disappointed with the limited customer service options offered by VALR. All communication requests must be submitted via an ‘issue log’ found on the broker’s website. The automated service directs questions to a specific team member to review and resolve. Although response times are unclear, we found several positive reviews regarding timescales.

It would be good to see the broker’s contact number, email address, office address or live chat service made available in the future. Nevertheless, there is a highly comprehensive FAQ section. The questions cover several in-depth topics, including investor relations, new account registration support and personal hub login help.

Alternatively, the crypto exchange is active across social media channels including Twitter. Visit these profiles for the latest news or live update information on system performance, outages or peer queries.

Security

VALR uses artificial intelligence and machine learning technology to automate compliance measures. The broker’s comprehensive onboarding process is also designed with KYC (know your customer), AML (anti-money laundering) and CTF (counter-terrorism financing) regulations in mind.

Photo evidence of your ID is required before a ‘liveness’ test is requested with a short video or selfie. The broker uses the latest technology to match your face with your ID.

All sensitive information, both in transit and at rest, is fully encrypted. Two-factor authentication (2FA) is enabled by default for all critical transactions. This includes an authorization for all attempts to access an account from any new device or location. We would recommend adding this as a standard for all account transactions.

All funds are 100% fully reserved. The broker has partnered with Bittrex, a leading global blockchain platform, to keep client assets safe. With this, the cryptocurrency storage system spans both ‘cold storage’ and ‘hot wallets’.

VALR Verdict

Our VALR broker guide has highlighted the pros and cons of trading crypto on the investing platform. We were pleased with the transparent fee structure, different platform styles for varying experience levels, advanced security protocols and proprietary payment app. It would be good to see upgrades to the customer support, plus a demo account and improvements to the brand’s educational resources.

Be careful when opening an account with unregulated crypto brokers – your capital may be at risk.

Accepted Countries

VALR accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use VALR from Afghanistan, Belarus, Bosnia And Herzegovina, Burundi, Cambodia, Congo DR, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, Korea, Pakistan, Panama, Russian Federation, Somalia, Sudan, Syria, Ukraine, Uganda, United States, Venezuela, Yemen, Zimbabwe.

Compare VALR

Compare VALR with similar brokers that accept traders from your location. Among available brokers these are the most similar to VALR:

  1. Uphold – Trading in the Uphold environment offers a one-stop-shop for all your crypto requirements.
  2. Binance – Binance is one of the leading online crypto exchanges offering Bitcoin.
  3. Gemini – Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
  4. Kraken – Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.

VALR Comparison Table

Compare VALR With Similar Brokers
VALR Uphold Binance Gemini Kraken
Rating 3.8
Markets Crypto Stocks, Commodities, Crypto Crypto Crypto Crypto
Demo Account No Yes No No Yes
Minimum Deposit $0 $0 $0 $0 $10
Minimum Trade Variable $1 $10 0.00001 BTC Varies upon the crypto traded
Regulators FCA, FinCEN FCA FCA FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Bonus Reward Scheme Lower fees when trading volume exceeds $50,000 in 30 days
Education No No No No Yes
Platforms
Leverage
Payment Methods 4 8 19 8 7
Detailed Comparison VALR vs Uphold VALR vs Binance VALR vs Gemini VALR vs Kraken
Visit
Review VALR
Review
Uphold
Review
Binance
Review
Gemini
Review
Kraken
Review

Compare Trading Instruments

Compare VALR Trading Instruments
VALR Uphold Binance Gemini Kraken
CFD No No No No No
Forex No No No No No
Stocks No Yes No No No
Commodities Yes
Oil No No No No No
Gold No Yes No No No
Copper No No No No No
Silver No Yes No No No
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No No No Yes
Options No No No No No
ETFs No No No No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

VALR vs Other Brokers

Compare VALR with any other broker by selecting the other broker below.

VALR vs

FAQ

Does VALR Offer A Demo Account?

No, VALR does not currently offer a free demo account for new or existing customers. This is common with online crypto exchanges. With this in mind, we would recommend starting with a small deposit to get comfortable with the broker’s trading conditions.

Is VALR Regulated?

VALR is not licensed by a global regulatory body. It is important to note, however, that this is typical among cryptocurrency brokers.

Does VALR Offer Broker Services To Residents In The UK And US?

VALR does not provide crypto trading services to residents of the United States. However, UK residents can sign up with the cryptocurrency exchange.

When Can I Trade On The VALR Platform?

Unlike trading shares or forex, the cryptocurrency market is open 24 hours a day, 365 days a year. This means you can buy and sell digital currency regardless of global exchange timings. Keep an eye on the latest broker news and updates for any planned system outages.

How Do I Register For A New VALR Broker Account?

It is easy to sign up for a new VALR exchange account. All registration details must be completed via the ‘Get Started’ icon, located in the top right on the home web page. Once your ID is uploaded and automated verification is complete, you can login and start trading.

VALR is a popular cryptocurrency exchange and trading broker. Based in South Africa with 100,000+ active clients, investors can buy, sell, hold and trade leading digital currencies.