Today we are going to talk about valr cryptocurrency exchange. Recently, the platform is getting popular, offering a good number trading feature and promises to traders. Many, including myself are wondering what to get after putting their money in the platform. Well, we are writing this review to help you understand how it works, how to get started and make profit if they are good enough.
What is Valr?
Valr is a cryptocurrency exchange platform founded in 2018 and headquartered in Johannesburg, South Africa. The platform is new but claiming global crypto exchange with regulatory approval to operate in Europe and other countries excluding US. Valr offer their service to 1000 corporate and institutional clients, alongside more than a million users worldwide.
The company boasts of raising $55 million in equity funding from leading investors such as Coinbase Ventures, Pantera Capital, and F-Prime Capital. If this claiming is true, we can say that valr is capable and might be reliable to offer cryptocurrency exchange. Thus, we are currently verifying the claims and other information. Do you want to start trading cryptocurrency with an advanced platform, let’s try it today.
Valr Platform
Valr offer a trading platform via Web and app, the website for trading is https://www.valr.com/en/
The valr Platform trading interface here is for website only as we are not able to experience the app version. The app is not on play store and Apple store. Therefore we cannot write about their app.
Payment Methods:
The broker offer a different payment methods, this includes Fiat and cryptocurrency methods. The Fiat methods includes USD, EURO ZAR. However, the the cryptocurrency payment methods are:
USD Coin, USDC, Tether, USDT, EURC, EURC, Aave, AAVE, AgriDex, AGRI, API3, API3, Arkham, ARKM, Avalanche, AVAX, Basic, Attention, Token,
BAT, Binance Coin BNB.
There are more than 200 Token to deposit on cryptocurrency but we just mentioned few. Therefore users are not limited to few or particular deposit method on valr broker.
Mergin and Leverage
Max Leverage: 5x
Maintenance margin: 10%
Auto close: 3.3333%
Market order slippage: 10%
Limit order slippage: 10%
Base: 10 BTC
Min base: 0.000008 BTC
Max quote: 300,000 USDC
Min quote: 0.5 USDC
Customer Support
Valr offer users Support via bot livechat, tickets which allows user to drop messages and email. From my experience so far, their support service is not 24/7 and no human on the livechat. However they offer FAQ, which is equipped with answers to common questions. More-so, it have all guide to how valr works.
Who are the Founder of Valr?
In the process of valr review, we found that they have CEO. Farzam Ehsani
Co-founder & Chief Executive Officer, VALR. He is previously the Blockchain Lead at Rand Merchant Bank and the FirstRand Group, and was the inaugural Chairperson of the South African Financial Blockchain Consortium.
Conclusion
Is Valr legitimate cryptocurrency exchange platform? A genuine answer to this question is very important as to making decisions. Well I will say that the Platform looks legit and safe but it will require using the platform for long time before concluding. However for now, we have found that some information that is on the platform is false. The website is new and they don’t have apps as they claim. Support service for customers are quite poor and no guarantees on the platform. Tell us your thoughts as a user of valr cryptocurrency exchange platform. Compare broker with pocket option platform.