Author: Marc

A lot of Crypto exchanges have introduced savings plans for its customers which allows its customers to earn passive income on their cryptocurrencies, but to be honest the AltCoinTrader Easy Save product is one of the best in the cryptocurrency industry because it gives traders freedom and control of their cryptocurrency. It is very important to have an appreciation of what a crypto savings account is and how it works, a crypto savings account work just like a savings account with a conventional bank, what happens is that the company behind a crypto savings account will lend, invest or stake your crypto on your behalf, then pay you a cut of the proceeds as regular interest payments.

AltCoinTrader recently launched a great product called Easy Save which offers you an opportunity to earn passive income by simply holding your cryptocurrency on AltCoinTrader and earn interest on your cryptocurrency. One of the greatest thing about this Easy Save is that there is no lock in period or fees, so you have instant access to your funds at any moment, and this is different from what other crypto exchanges are doing because they force you to lock your funds for a particular period or charge you fees to enter or exit the savings pool, this makes the Easy Save product from AltCoinTrader quite convenient.
It is important to note that all rewards rates are an Annual Percentage Rate (APR) and these rewards are paid in the coin you deposited into Easy Save. It is important to note that your ZAR estimated earnings may fluctuate because the coin value is not static but it may change, this however does not affect your coin rewards. One of the most exciting things about Easy Save is that you should be able to see rewards earned within just a few minutes.
Easy Save is not a risk-free product as there are risks involved as well, what happens is that the AltCoinTrader investment team takes your funds and invest them with trusted and well researched third parties, so in the unlikely event that one of these third parties had to go bankrupt or dissappear, there is that possibility that your funds could be lost, but of course that is highly unlikely.
How to use the Easy Save feature?
In order for you to use the Easy Save feature, you must;
Log onto your AltCoinTrader account with your email address and your password.
Select the Easy Save option in the top menu.
Select the token you would like to put into Easy Save from our list of supported tokens.
Select the start saving button.
A pop up will appear where you will be able to input the amount you would like to save. You will the accept the Terms & Conditions and click the add funds button.
You will then confirm and the funds will be transferred into easy save. You will be able to view your interest at any time by selecting easy save and clicking on the token or buy viewing your wallet.

VALR is a cryptocurrency exchange launched in 2019 and funded by Bittrex and Montegray Capital. The exchange received a $1.5 million seed round investment from Bittrex, a well-known international trading platform. CEO and co-founder Farzam Ehsani is in charge of the startup. Ehsani worked as the Blockchain Lead at FirstRand Group and Rand Merchant Bank before founding VALR. Additionally, he served as the South African Financial Blockchain Consortium’s first Chairperson.

Features of Valr exchange

Valr cryptocurrency exchange has impressive features and a state-of-the-art interface. The one significant drawback of the VALR trading platform, which is an intriguing choice for African-based cryptocurrency traders, is the absence of support in the USA and other developed nations. With its outstanding and simple-to-use features, cheap pricing, and superb middle-ground positioning, VALR is an excellent choice. For both professional and novice traders alike, this cryptocurrency exchange platform is undoubtedly one of the most desirable crypto trading platforms.

• Cryptocurrency trading and support

Although VALR accepts a wide range of cryptocurrencies, only the South African Rand is supported currently as a fiat currency. There is no way to transmit fiat money like the USD or EUR. It seems reasonable given that the company was created and has its headquarters in South Africa, but it substantially negatively impacts users from other countries. Despite the fiat restriction, VALR has an outstanding assortment with over 70 supported currencies, including stablecoins and trading pairs. Apart from Bitcoin and Ethereum, additional cryptocurrencies such as Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Dogecoin (DOGE), VEChain (VET), and others are also supported.

• Valr API

VALR offers an open API to those that want to fully utilize a cryptocurrency market or keep up with the Bitcoin exchange. Global platform VALR utilizes many blockchain technologies. The potential of each of these marketplaces is combined into one, and users can also block your VALR account online in cases of emergency or restricted access.

• Valr Pay

The exchange provides a range of digital services and goods to marketplaces worldwide and seeks to give customers and traders a seamless and exciting experience. One of the most well-known products is VALR Pay, a liquidity provider. Users of this product can add money or assets to the wallets of their friends and family members. Then, users can get quick money. Transferring money across bank accounts is simple with VALRPay. Depending on the user’s account profile, all needed to deposit or receive ZAR is the user’s phone number, email address, or exchange ID.

• Valr Referrals

To help its users extend their word-of-mouth marketing plan as far as possible, VALR provides its customers with various referral bonuses. Referral coupons are a promotion that enables registered users to profit by endorsing more investors. Since VALR referral is linked to machine learning, it might result in a positive outcome. Additionally, the platform can gain knowledge from its users to enhance its features and functionality.

Valr Pay – How it works

VALR users can send ZAR to one another for free via VALR Pay using a mobile number or email address. If the recipient does not yet have a VALR account, an invitation to sign up for VALR for free to claim the money is usually sent to the recipient by email or SMS. The exchange verifies the identification of consumers using machine learning and artificial intelligence (AI) technologies. VALR currently provides a mobile app for Android and iOS smartphones, making it accessible to users regardless of their preferred platform. Valr Pay is conveniently accessible in the mobile app, which is convenient for any VALR user who frequently finds themselves on the go.

Using their mobile number, email address, or VALR Pay ID, users of Valr can send Rands (ZAR) to anybody, anywhere. Any VALR customer can instantly send money by simply providing their information or VALR Pay ID via WhatsApp, Telegram, and other platforms. The transactions are quick and free. Valr Pay offers one of the simplest ways to swiftly and safely send Rands to friends, family, and community members.

Getting started with using Valr pay

Making ZAR payments to any mobile number, email address, or VALR Pay ID is free, quick, and simple with VALR Pay. Users can scan a unique QR code called VALR Pay ID to get money from a VALR account and go to the “Pay” option in the VALR app or the VALR website to get started. The process to complete payments is as follows:

• Receive ZAR payment: To request payment, users provide an existing VALR customer’s phone number, email address, or VALR Pay ID.
• Send ZAR: Users can send money from VALR fast and efficiently to any phone number, email address, or by scanning the VALR Pay ID of another client. Users can also add a message for the recipient and decide whether or not to transfer the cash anonymously. The anonymous option will not share the sender’s details with the recipient.

Transactions made with VALR Pay will appear in the user’s transaction history. Clicking on a specific transaction record allows users to view further information, such as the sender, recipient message, and personal note.

Security

Fiat accounts are maintained separately from the rest of the system’s data, and each account is protected using two-factor authentication. Know Your Customer (KYC) compliance is applied to every user to guarantee that the platform is safe for all users. The exchange has compliance programs, including AML (Anti-Money Laundering) and CTF (Counter-Terrorism Funding), that intend to stop any unlawful activity, including money laundering, financing terrorism and criminal activity. These rules and principles are closely adhered to and regarded as being very important. Be aware that VALR is a centralized platform rather than a DeFi. The South African exchange’s platform provides cold and hot coin storage choices. Hot wallets for coins are multi-signature since they are online, which provides more security. 

Fees and Valr account funding

The pricing structure of VALR makes a distinction between makers and takers, with takers subject to a flat fee of 0.1 percent on all transactions. Users who frequently fill this position in trades might consider VALR an excellent budget choice because of its very reasonable fee. On the platform, many features are free. It includes no monthly fees, management costs, or fees for deposits made in fiat or cryptocurrency.

Overview

VALR is a South African cryptocurrency exchange that has been operational since March 2019. It operates in most African countries and offers various cryptocurrencies that may be purchased, traded, and sold using ZAR. The exchange, which uses blockchain technology, aims to give customers a way to link their bank accounts and other deposit methods. This built-in function allows them to convert their digital assets or cryptocurrencies into fiat money or immediately buy or sell cryptocurrencies.

Products and services in Valr

The majority of cryptocurrency investors find Valr’s range of services to be appealing. These products include:

Valr Pay

Users of this product can instantly obtain liquidity by depositing money or other assets into the respective wallets of their friends and family members. Valr Pay assists in simplifying bank transfers as well. Making ZAR payments to any mobile number, email address, or Valr Pay ID is free, quick, and simple with Valr Pay. Users scan a unique QR code called Valr Pay ID to get money from a Valr account.

Valr API

For users who can fully utilize a live crypto market or follow the Bitcoin exchanges, Valr also offers an open API. Valr, which operates on numerous distinct blockchain markets, combines the possibilities of multiple platforms into one for the entire world. Users can also block their Valr account through the web in case of emergency or restricted access, adding to the API’s unique array of functions.

Cryptocurrency exchange

VALR has partnered with major international companies that offer quick trades, dependable digital wallets, and industry-leading security. These collaborations allow the exchange to support 60+ crypto-assets making it one of the most extensive crypto offerings in South Africa. Trading at Valr is categorized into two:

Simple Buy / Sell: Users only need to choose an asset, input their desired spending amount, and confirm their trade. It is intended for those with little to no expertise.

Exchange Buy/Sell: Valr offers a high-performance exchange platform for seasoned traders and market makers and earns money from trading. Market makers receive 0.01 percent of Valr’s trades as payment for supplying liquidity to Valr exchange order books.

Simple Swap

Users at VALR can purchase any cryptocurrency directly with ZAR through a Simple Swap or sell any cryptocurrency to ZAR. Customers could only exchange Bitcoin (BTC), Ethereum (ETH), or XRP Ripple (XRP) for ZAR in the past, but now they can trade any cryptocurrency for ZAR. To provide consumers with a seamless experience when buying or selling any cryptocurrency on VALR directly using ZAR, Simple Swap pairs two liquid markets together. Simple Swaps use BTC or ETH as a bridge currency to facilitate user trades. For instance, users can now purchase DOGE on VALR using ZAR.

Trading AVAX with Rands on VALR

Avalanche (AVAX) is a layer one blockchain foundation for decentralized applications and customized blockchain ecosystems. It is one of Ethereum’s competitors and is quickly becoming the most widely used blockchain for smart contracts. It has impressive performance having a larger transaction output of up to 6,500 transactions per second without reducing scalability. AVAX/ZAR on Simple Swap is the newest ZAR trading pair introduced on July 1st, 2022, by Valr exchange. The AVAX/ZAR trading pair joins other trading pairs that have experienced a total trading volume on the platform of over R140bn ($8.74bn). Valr has completed the roll-out of the trading pair on a staged basis. The VALR Twitter account regularly updates the various trading pairs available on the platform. Trading pairs currently available on the exchange are:

1. Shiba Inu (SHIB/ZAR)
2. Binance Coin (BNB/ZAR)
3. USDC stablecoin (USDC/ZAR)
4. Solana (SOL/ZAR)
5. Avalanche (AVAX/ZAR)

Deposits and withdrawals

Depending on their preferences, users can either use the money in their preferred cryptocurrency wallet or the linked bank accounts to purchase cryptocurrencies like Bitcoin. Overall, it is a modest experience because mobile phone transactions for bank transfers are immediate, dependable, and quick. Sometimes though, there may be delays in the time the South African banking system takes to process the user’s payments.

Users can add money to their wallets through a list of pre-selected credit/debit cards or online bank transfers. Users receive a relatively good bargain with a fixed ZAR Withdrawal Amount of R8.50 depending on the number of crypto withdrawals.

Fees

There are no deposit fees on the VALR cryptocurrency exchange. The exchange charges 0.75 percent for each trade for Buy/sell trades. Valr can help traders looking for long positions by reducing the odds through small trading commissions. The fee for takers in exchange/sell deals is 0.1 percent and paid to the exchange, while the fee for makers is -0.01 percent. It suggests that users will receive payment for making trades if they add new records to the transaction book.

Security

Bittrex, one of the top international blockchain platforms, and Valr have teamed up for the storage of cryptographic assets security. Cold storage and hot wallets are both used for storing cryptocurrencies. The multi-signature system employed by Valr Cold Storage requires using several private keys to sign any transaction allowing cash transfer. The Valr hot wallet infrastructure utilizes Bittrex’s industry-leading cybersecurity design. Additionally, they use several private keys in multi-signature hot wallets that are maintained and secured by cloud-hosted cryptographic key management services. Unlike banks, the exchange does not lend out any of the assets of its users. All money is kept fully and entirely reserved.

EasyCrypto Overview

EasyCrypto is an FIC-registered institution that applied for preliminary FSCA registration compliance in 2021. Once industry regulation was approved, EasyCrypto served as a legal representative by associating with the listed Purple Group – Easy Equities and providing crypto services. Since then, the EasyCrypto10 (EC 10) model has taken the lead as South Africa’s leading index monitoring tool for cryptocurrencies and is conceptually equivalent to exchange-traded funds (ETFs).

Products and services

Easy crypto offers a variety of services and products to its customers. These services include:

• Investment to the top 10 digital currencies worldwide by market capitalization bundled into a diversified index called the EC10 Bundle.
• Offline storage options and secure custody of crypto assets are provided for user investing and trading assets with the platform
• OTC services: Any digital asset part of the EC10 Index bundle is traded over the counter. The platform facilitates these services.

How the EC10 Bundle works

The EC10 Bundle uses a buy-and-hold method to follow the ten leading and most valuable cryptos according to market cap as a consolidated financial feature. The cryptocurrency assets are kept in cold storage with a licensed, guaranteed trustee and are subject to annual audits. The EC10 Top 10 Crypto Index’s underlying index has a structured, transparent procedure that incorporates inclusion criteria designed to adhere to ideal investment standards and eliminate critical risks relating to storage, liquidity, regulatory obstacles, and other issues. Weekly adjustment and reconfiguration of the EC10 take place. Following the criteria of the qualifying standards, the EC10 employs a proactive market cap-weighted technique to index updating.

Getting started with EC10 Bundle

 First, EC10 users must create an account and get verified at the platform following KYC (Know Your Customer) compliance. The process involves setting up an account, depositing funds in your account, and finally deciding on your preferred investment. The process could take up to two working days.

Investing in the EC10 Bundle at EasyCrypto

 EasyCrypto does not offer financial advice and will not suggest how much money users should invest. Generally, EC10 edges out Bitcoin; here are some reasons. A majority of experts concur, especially with altcoins during a bull market.  Since investors are moving to these altcoins in search of even greater returns than those offered by BTC, many alternative currencies are still in their infancy. Development may frequently be spectacular with returns on investments. The EC10 is additionally susceptible to survivorship perception. As a result, the largest coins in the market cap with ongoing price momentum stay in the EC10 Bundle while the weaker currencies with declining prices drop out.

Precautions and occurrences while investing in the EC10 Bundle

Users should never invest any money they need to have on hand at a specific future date. Since cryptocurrency markets are unstable, consumers can be in a significant downturn when they need their assets back. Another issue that arises with EC10 investing is that Bitcoin and other cryptocurrencies appear to be more expensive than the price quoted at the EasyCrypto platform and other crypto exchanges in South Africa. This price discrepancy is called Crypto Arbitrage. EasyCrypto, however, allocates all ZAR deposits to the applicable rated cryptocurrencies that comprise the EC10 index on South African exchanges, subject to Exchange Control restrictions.

Another common occurrence in EC10 Bundle and general crypto trading is the selling price of assets is lower than the buying price. There will always be a slight difference between the selling and buying prices. The spread is based on the order book liquidity on other cryptocurrency exchanges at that time—the spread increases in proportion to the difference in liquidity between the order books of buyers and sellers. The spread will also be more significant when order books are “thin,” often during the slow after-hours. Additionally, the spread will typically be greater during times of high demand, when there is a large influx of buyers and a small number of sellers.

Security of EC10 assets

The EasyCrypto infrastructure adheres to the cybersecurity standards in the exchange. The bulk of cryptocurrency assets in EC10 are kept in cold storage with a licensed and insured trustee. The investment is also subject to annual audits. Although users are free to purchase the coins they desire, EasyCrypto provides two essential benefits for holding the EC10 Bundle:

1. The rated coins are purchased at the lowest cost possible according to the patented EasyCrypto algorithm.
2. In the alternative, users would have been required to create secure wallets and guard the secret keys for every cryptocurrency included in the EC10 index. Users can keep assets safe with EasyCrypto when using the EC10.

Deposits and withdrawals

Until the user buys EC10 or another cryptocurrency, their ZAR money remains in their available cash balance. For instance, after purchasing the EC10 package, EasyCrypto immediately accepts the required digital currencies that comprise the index, converting the ZAR to the constituents of the EC10 Index. A portfolio of EasyCrypto receives the corresponding number of EC10 bundles.

Depending on the bank’s turnaround periods, deposits made to EasyCrypto can take up to 48 hours. EasyCrypto does not support debit payments. Customers can also set up recurring buys through their online bank accounts.

For withdrawals, users must first submit a sell order to convert their assets from any specific crypto asset to ZAR before they can withdraw ZAR. The ZAR balance will change appropriately following the successful execution of the sell order, and users can then withdraw ZAR into their bank accounts.

Fees and trading limits

When purchasing or selling any trading pair between cryptocurrencies and fiat currencies, a transaction fee of 0.25 percent execution, 0.075 percent clearance and management inclusive of tax is charged. EFT withdrawals cost R18.42, but deposits are free.

EasyCrypto charges the EC10 bundle holdings the following fees, all crypto bundles are subject to annual maintenance, bundle adjustment, and a storage fee of 2 percent inclusive of VAT. The price of the pack includes this maintenance cost; holders are not charged a separate fee.

The minimal deposit amount on EasyCrypto is R500. Smaller deposits will have an administrative cost; however, they advise doing so with their partner at EasyEquities.

Overview

The South African cryptocurrency exchange OVEX has been operational since February 2019. It is one of the best platforms to purchase, sell, store, and earn cryptocurrency online in South Africa. This is due to the user-friendly UX, excellent service, affordable prices, varied funding alternatives, and strict security standards. The platform provides trading in ZAR fiat currency and 26 different cryptocurrencies.

Products and services

OVEX offers various services on its platform that incorporate South African cryptocurrency traders. They include:

• Over the Counter (OTC) exchange – It executes trades privately and outside the OVEX Exchange order books. The platform helps institutions and high-net-worth individuals who need to place large orders by providing deeper liquidity and a more individualized private service.
• Interest Accounts – Account holders at OVEX are eligible to earn interest payments of up to 20% per year. It is appealing for cryptocurrency HODLers hoping to use their dormant cryptocurrencies. Traditional investors also seek yields that beat what is offered in conventional finance institutions.
• OVEX Forex Service – A comprehensive Forex solution called OVEX FX fills the gap separating conventional finance and the cryptocurrency sector. It trades in all major currencies and is made possible with the narrowest spreads and quick execution.

OVEX Interest Accounts: How it works

Users who have cryptocurrency that is sitting idle can earn yield via OVEX’s interest accounts. Many platform users deposit stablecoins like USDC in OVEX’s interest-bearing accounts to earn rates new in conventional finance. These interest-bearing accounts have become so well-liked that the amount of money managed has surpassed R1 billion.

The use of OVEX’s Bitcoin interest accounts is relatively straightforward. Users take their cryptocurrency and put it into their interest-bearing accounts. The accounts will then accrue interest, which is paid each day at 17:00. All OVEX interest accounts have 30-day notice requirements for withdrawals. Depending on the account, users could earn up to 20% annually. Accounts are accessible for well-known non-tethered cryptocurrencies like Bitcoin and stablecoins like Binance USD and TrueUSD. Access to these stablecoins benefits investing in US dollars without all the paperwork. It is crucial since South Africa’s low-interest rates and high inflation rates contaminate the majority of assets dependent on the local Rand. A minimum balance is the only prerequisite for accessing an OVEX interest account.

Features of Interest accounts at OVEX

OVEX Interest is available on OVEX Corporate Accounts; this refers to jointly opened accounts by an institution or other parties as an investment opportunity. APRs (Annual Percentage Rates) of up to 20% are available for deposits over ZAR 500,000. APRs are bargained based on the size of the deposit. The yield produced is inversely correlated with the amount deposited. There is a 15-day notice of withdrawal period. After requesting a withdrawal, users no longer earn interest.    

The interest can be generated in two ways:

1. Staking or putting a cryptocurrency to work on the blockchain where it can earn rewards; simple lending of cryptocurrencies.
2. The difference between Bitcoin spot and futures prices can range from 0% to 6%. By purchasing Bitcoin on the spot market and then selling it on the futures market, one can lock in this profit (and holding the futures contract to maturity), referred to as Arbitrage.

The first Rand stablecoin in the world, ZARP, has also been introduced to OVEX’s lineup of Interest Account products. The highest rate of all OVEX’s Interest Accounts, the annualized interest rate for users who invest in a ZARP Interest Account is 11%. This account type is a good choice for any investor because it just needs a 30-day withdrawal notice period and has a minimum balance of 5,000 ZARP, equal to R5,000.

Getting started with an Interest account at OVEX

To begin trading and participating in an Interest account, users must register for an account and get verified up to at least level three. Users trade around the clock by simply pinging their exclusive OVEX WhatsApp group with the details of their order. The trade finalizes, and the specified asset will be credited to the trader’s OVEX account once the user has given their consent. Users will get an email confirmation of the transaction once the OVEX OTC team is permitted to execute the deal. Users on the OVEX Trade History dashboard may see a complete history of every trade executed over the desk.

Deposits and withdrawals

A user must first sell their cryptocurrency holdings for ZAR using the OVEX RFQ (Request for Quotation) mechanism to withdraw cryptocurrencies into a personal bank account in ZAR. Users can then process the withdrawal by selecting Wallets from the Withdraw section. Only withdrawals performed using Bitcoin or ERC20 will be successful. Any other withdrawals decline.

Withdrawals from OVEX accounts have been capped to four levels of account verification. These levels include:

• Level l: Users are not permitted to remove anything from the account
• Level 2: Users are only permitted to withdraw R5000 at a time in small amounts. However, the total of all withdrawals is limited to R5000.
• Level 3: Users may withdraw up to R50 million at level three (essentially unlimited).
• Level 4: Allows for limitless withdrawals

Users have to withdraw or deposit more than R50 million to be eligible. Then the status will be automatically upgraded from level 3 to level 4.

Users can deposit fiat money, ZAR, to the OVEX platform and to cryptocurrencies. However, only a wire transfer is allowed, credit or debit card deposits are not allowed. Deposits in fiat currency are allowed on the trading platform. 

Fees and trading limits

 The makers and the takers must pay the same flat price while using OVEX. The charge in this instance is 0.50 percent. These flat costs are far higher than the averages for centralized exchanges worldwide. OVEX’s trading fees are far higher than the old or current industry averages. For each Bitcoin withdrawal, OVEX levies a fee of 0.0004 BTC. These withdrawals depend on the level of verification.

Security

The OVEX team comprises skilled engineers who have developed several cutting-edge safeguards for clients’ money and information. Beyond these safeguards, OVEX provides financial stability as a reputable custodial exchange, with full reserves, strong banking ties, and the strictest levels of legal compliance.

Fireblocks, a leader in digital asset security, and OVEX have teamed up. The platform guarantees that the confidentiality of customer funds will never be compromised. The exchange has been able to use MPC (multi-party computation) security thanks to Fireblocks. MPC has emerged as the industry standard for organizations wishing to protect their assets while maintaining quick and simple access to them.

Overview

Revix is a cryptocurrency exchange founded in South Africa by Sean Sanders, the company’s CEO. The platform offers packages including cryptocurrency, Pax Gold, and Smart bundles. Unlike some other cryptocurrency trading platforms, both desktop and mobile apps in Revix’s user interface is tidy and straightforward. Additionally, helpful visualizations make it simple for beginners to start trading and investing in cryptocurrencies.

Products and services

Revix offers several products and services on its platform, all involving trading and investment in digital assets. These products include the following:

• Bundles

Users who want to diversify across the top cryptocurrencies with only one investment can easily choose this Bundle package. The Bundle allows users to closely monitor the overall performance of the crypto asset class because it includes more than 85% of the whole crypto market. There are several classifications of these bundles, depending on their nature. They are:

1. The Top 10 Bundle – Exposure to more than 80% of the cryptocurrency industry by investing in the top 10 cryptocurrencies in the world.
2. Platform Bundle – Users invest in the top 5 cryptocurrency platforms.
3. Privacy Bundle – Investing in the top 3 cryptocurrencies with a privacy focus. These blockchain technologies work to safeguard the right to online privacy.
4. Payment Bundle – Investing in the top 5 cryptocurrencies with a payment-focused focus. These blockchain technologies are enabling quicker, more affordable, and borderless payments.

• Cryptocurrency investments

South Africans can invest in cryptocurrencies on the Revix platform using a secure and straightforward system. Investment services are offered predominantly for the top ten cryptocurrencies included in the Top Ten Bundle.

• Savings Vault

Users’ USD Coin (USDC), a stablecoin for the digital dollar, is used by USD Savings Vault by enabling the assets to generate a safe, high-yield return on initial USD Coin holdings. Users who invest and lock USDC into their USD Savings Vault can utilize decentralized lending services to lend USDC to others.

• Revix Tax

Revix and Tax Consulting South Africa (TCSA) have teamed up to introduce Revix Tax. This service enables users to effortlessly become compliant with cryptocurrency taxes without having to deal with the hassle of manually calculating earnings across numerous exchanges and wallets.

• Paxos Gold (PAXG)

PAX Gold (PAXG) is an asset-backed token where customers can benefit from owning gold bars physically through PAXG while still having the speed and mobility of a digital asset. Anyone who owns PAXG has custody of the Gold under their ownership rights, which Paxos Trust Company holds. To make it simple to interface with exchanges, wallets, lending platforms, and other cryptocurrency products, PAX Gold is designed as an Ethereum token that complies with the ERC-20 protocol.

Revix Tax: How it works

South African users have until October 24, 2022, to register their cryptocurrency gains or losses for tax purposes. Revix Tax is a product of a partnership between Revix and Tax Consulting South Africa (TCSA). The firm is at the forefront of all tax compliance-related issues and comprises experienced attorneys, chartered accountants, and compliance specialists. TCSA assists South African taxpayers with the appropriate guidance when handling their tax-related questions relating to crypto assets. TCSA is a pioneer in the field of regulatory tax compliance and a prominent voice in the field of tax regulation and compliance.

Revix Tax is accessible through a simple web gateway to Revix and non-Revix customers for the tax filing season. By consolidating cryptocurrency transaction history and doing all of the grunt work involved in computing taxes, this service was created to provide users with more clarity regarding the tax treatment of their holdings in digital assets. With more than 10,000 cryptocurrencies and compatibility for over 300 exchanges, Revix Tax gives customers everything they need to comply with tax laws.

How to get started with Revix Tax

The South African Revenue Service (SARS) does not have access to users’ personal information from Revix. Revix shares users’ information with their tax partners so they may compute the taxes owed on their cryptocurrency investments. From there, customers can confidently handle cryptocurrency taxes using the included Crypto Tax Pack. Users can accept or reject the quote they received without any conditions once they have requested a quote to compute their taxes. Users must submit a payment for the specified amount to proceed. After that, Revix Tax will perform the necessary calculations to create a Crypto tax bundle.

Users may utilize this service while holding other wallets or exchanges. Before Revix can offer a tax quote, users must collect the relevant records of their transactions from other platforms and exchanges. Users must submit a whole set of statements covering the required tax period; otherwise, Revix Tax won’t be able to produce appropriate tax packs. The exchange manages every step of this process if a user’s assets are restricted to a Revix account.

 Issues and occurrences while using Revix Tax

Revix does not share users’ information with tax authorities. There are now no laws or requirements that compel Revix to do this, but they might be included in the future. It implies that users are responsible for accurately disclosing their cryptocurrency winnings and losses to SARS. For clarity, there is no way to avoid paying taxes, and dealing with cryptocurrencies does not fall within this category. Users have two options: they can rely on accountants with limited knowledge and run the danger of a SARS audit, penalties, interest, and criminal penalties, or they can seek out the right specialist and legal counsel beforehand. With the Revix Tax, clarity is the key to safety in this situation.

Security

Regarding security, user details are not shared with the South African Revenue Service (SARS). A proof-of-reserve report on assets in custody is produced by Revix Tax every quarter using Mazars, a renowned worldwide audit, tax, and consultancy firm. Revix complies with all local South African fiscal laws and uses Jumio to maintain the highest levels of worldwide KYC and AML compliance standards. Microsoft and HSBC also trust Jumio.

Fees and limits

The price for Revix Tax service starts at R 5500 for a finished tax pack and varies depending on how complicated the users’ investing activities are. With Revix, there are no costs associated with safely preserving users’ digital assets.

Safcoin is a cryptocurrency trading company which offers a product that is tailor-made for the Africans. The company’s main objective is to become a form of payment which is accepted across the African continent. The company has been in existence for 3 years now, having been launched in South Africa in July 2018. Safcoin is more than just a cryptocurrency and boasts within it an extensive network of functions united under the Safcoin umbrella. It is true that this is a trading platform but you will also be excited to know that you can earn passive income from Safcoin through a tool called staking. This article seeks to explain in detail what staking is all about.
What is Staking
To best explain what staking is, we can try to draw an analogy between staking and fixed deposit accounts because they are quite similar. A fixed deposit is a financial instrument provided by banks which provides investors a higher rate of interest until the given maturity date, and this is the general idea of what staking is all about. If you are looking at making some passive income, then you must consider staking because staking is used to receive passive income from holding cryptocurrency on the POS blockchain. This is one of the simplest ways to make money on cryptocurrency without having to be deeply involved in trading.
By making use of the staking tool, you can actually make a profit for holding funds on one of the plans which are available on the platform. It is quite normal to be a bit skeptical about this but the truth is that staking is safe, convenient, and quite profitable. You need to be very careful about the plan you choose because because these plans have different interest rates, staking times, and holding amounts. The reason why you should make up your mind about the plan you will be taking is that you cannot prolong a plan, what happens is that after you have committed to a plan, you will receive your funds the interest after the plan period. Please note there is no limit to how many plans you can create provided the plan periods are different.
Starting a plan and how much you will get
In order for you to be able to stake, you must start a plan and you can do this by buying either Ethereum or USDT. Starting a plan can either be done on the Safcoin Wallet by making a deposit of the chosen asset to your Saf wallet. After you have started your plan, you must then contact Safcoin at info@safcoin.co.za for your plan to be activated.
When you have obtained the amount of crypto you wish to stake, you are then supposed to choose your plan period (Please note that Safcoin will give you an activation certificate when you have chosen your plan period.). That is all you need to do and Safcoin will pay your Plan Roi % into your wallet after the Staking period. The information below shows the three fixed staking options and how much you can earn for each staking option;
Staking Option Earning
1 Month 1%
6 Months 8%
12 Months 20%
From the information above, you can actually see that it is more profitable to use the Staking for a long period than for a short period.

Easy Crypto has a great marketing campaign which sees customers earning crypto for referring clients to Sign Up with the Crypto exchange.
This campaign is a win win for both the crypto exchange and the customer because the exchange’s clientelle will grow through the referrals and the customer will also earn crypto as well.
To begin with, if you are a prospective client, Easy Crypto has a great Sign Up bonus whereby you will earn $10 in your account just for Signing Up, you can use this bonus to kickstart your crypto journey. In order to get this amazing bonus, you mustr be a verified user.
If you are an existing customer, you will already know that with Easy Crypto, you earn 10% of what the exchange makes from a crypto purchase of someone you have referred, well, Easy Crypto has just made things even more exciting because you are now able to get an extra $10 for every new friend, family, or colleague that uses your referral link.
How do you refer your friends to Easy Crypto?
Making a referral is extremely easy, you simply have to follow the simple process below;
Login to your Easy Crypto account.
Find your Referral Link and share it with your friends.
You earn $10 of free credit, when they sign up and complete an order with us.
There are no limits to how many referrals you can stack, so the more you share the more you will earn.

Revix is a an international crypto investment company which is available in several countries around the world including South Africa, the company is very popular as it is a platform which makes investing in crypto safer, faster and easier. Revix is backed by Sabvest, a company which is listed on the JSE. Revix has a great bitcoin rewards program which allows customers to earn reward points which can then be converted into cash or cryptocurrencies. This article seeks to give an in depth analysis of the Revix Rewards Program.

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How does the Revix Rewards work?

It is true that everyone likes to be rewarded if they do something, well, Revix has a great rewards program where you earn points for introducing new clients, these points rewarded to you can then be used to acquire bitcoin or cashed out in rands. If the truth could be told, you have marketed several companies without you knowing that you have done so and those companies have benefited from you and no-one has ever rewarded you, so this rewards program by Revix shows who they are as a brand.
In order for you to be in a position to benefit from the rewards program, you must be a verified user, if you are verified, you can then earn points, level up and get rewarded with lower fees and Bitcoin. There are three things that better explain the Revix Rewards program; Earn, Level Up and Redeem.
Earn
In order for you to earn points with Revix, you must start completing specific tasks on the platform including inviting friends to join Revix.
Level Up
If you make referrals and start accumulating points, you will notice that each level offers lower fees and other great rewards.
Redeem
After earning a total of 200 points, you can redeem them for Bitcoin.
Earning points through the Revix rewards program is extremely easy as you simply need to invite your friends to the platform. When you make a referal, you will earn 150 points and your friend will receive R200 in cash deposited straight into their Revix account. Customers who accumulate 200 points (worth R400) can redeem them for bitcoin which can then be securely stored on Revix’s platform, invested into other crypto products, converted into rands or withdrawn to another bitcoin wallet
What makes the Revix reward program special is that unlike traditional rewards programmes which offered cash back, points, or miles, the Revix’s Rewards programme offers its rewards in the form of a non-traditional currency or digital asset like Bitcoin. The Revix Rewards program makes use of Tiers namely:
Blue
Silver
Gold
Platinum
VIP
The tiers starts at Blue, which is the lowly ranked tier up to VIP, what happens is that as more points are accumulated, clients progress through to Silver, Gold, Platinum and VIP. The higher the tier, the less trading fees the client pays, and the greater the rewards that are unlocked.
The information below shows the Reward levels and the exclusive benefits of each and every level:
Level Exclusive Benefits
Blue 0 points, Normal Fees
Silver 200 points, 10% off all fees
Gold 500 points, 20% off all fees
Platinum 1000 points, 35% off all fees, Dedicated account manager, Revix cap, Revix t-shirt
VIP 5000 points, 50% off all fees, Dedicated account manager, Revix hoodie
When you have enough points, simply head over to the Rewards page on your Revix dashboard and click ‘Redeem’. You’ll give up your points and receive Bitcoin into your Revix account. Please note that your Revix points never expire and you can redeem your points for Bitcoin at any time.