South African Crypto Exchange ChainEx has recently released its new instant trade on deposit feature.
ChainEX, a South African cryptocurrency exchange, has officially released an instant trade on deposit feature.
The feature allows all traders using the exchange to automatically have trades executed once their deposits clear.
This will allow you to repeatedly buy assets. You can set up a schedule where your chosen cryptocurrency is automatically purchased for you at regular intervals.
“For instance, you may want to buy ZAR 1,000 worth of Bitcoin or Ethereum on the first day of every month. This would be a great way for you to start dollar-cost averaging through an automated investing strategy,” said Michael Bernardt, head of community at ChainEX.
In the same week, the exchange announced its decision to allow traders and residents of all countries to access the ZAR markets on the exchange.
The decision follows a growth in numbers on the exchange.
Residents of other countries will be allowed to make ZAR deposits and withdrawals as well as trade SA markets such as BTC/ZAR, given that they have SA Bank accounts.
Following a steady growth in numbers and a high demand from its traders, ChainEX has recently listed Cardano (ADA), SUSHI and Polkadot among other coins.
The exchange is currently the only one in SA to have listed Uni, Yearn Finance and 1inch.
Future plans for the exchange include creating and listing their own coin and also listing Matic, BNB, TRX and Celo to name a few.
“Teaching someone about Bitcoin today, is like teaching a man to fly in 1903. Our biggest goal at ChainEX is to equip and educate our users,” said Bernardt.
“Our blogs, social media, and content is tailored around our users and what’s relevant in the industry. Our new features aim at making the experience easier for all our users. South African or not.”
ChainEX is a SA Cryptocurrency exchange that offers you as South Africans a platform to buy, sell and trade different cryptocurrencies in exchange for SA rand as the default currency.
The SA crypto exchange that partnered with globally recognised exchange OKEx in 2020, announced on April 22, 2021, that their DOGE/ZAR markets were officially open, offering you the chance to buy and sell the Elon Musk-supported coin with SA rands.
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