Brushing its coastlines along the South Atlantic and the Indian Ocean is the beautiful and diverse country of South Africa; the second-largest economy in the African continent. Nummi, South Africa’s newest cryptocurrency exchange platform is set to launch this September. Nummi developers spent a good part of 3 years creating the platform, making sure it is safe and secure for their users. Using two-factor authentication adds that extra layer of security that provides users the assurance to confidently trade on Nummi. Traders will be able to buy, sell, exchange, and trade Bitcoin, Bitcoin Cash, Litecoin and NEO. Ethereum will be added soon after the launch.
Nummi, plural for Nummus, is a Latin term used for coinage in Roman and Byzantine times. Today, people will be able to buy and trade digital coins using an exchange named after the coinage used millennia ago. Nummi’s mission is to become one of the leading crypto exchange platforms in Africa and one of the fastest-growing trading platforms in the world by offering a cutting edge platform and competitive fees.
A grand goal that comes with a grand vision as Nummi Co-Founder and CEO Teboho Busa explains:
“The real intent of cryptocurrency was to free people from controlled financial systems that charged high transactional and monthly fees, but I have now realised that even the existing exchanges we have in SA are going back to what we were supposed to be freed from – high fees. So that is why at Nummi we decided to drop our fees.”
Nummi has developed a unique referral program aligned with that vision by allowing users to earn commission on every trade they make by referring to family and friends. Teboho continues,
“We are the first exchange to share our profits with users and traders. When our users register, they receive referral links that they can share with family and friends. We pay up to 25% for all ZAR trades on every trade executed by their referrals. We pay for every trade made; it is not just a one- time referral program. No exchange in South Africa does that.”
Nummi also pays commission on trading fees for all Crypto trades.
“Our ZAR trading fees are 0.7%, we share up to 25% of that with our users, meaning our actual fee is about 0.50%. Our Crypto trading fees are 0.35% and we share 25% of that with our users, we, therefore, end up with 0.26%.”
Nummi traders will be able to register, add a profile and upload KYC (Know Your Customer) documents on September 9. Wallets for deposits and withdrawals are available from September 16, and trading starts on September 21. Nummi is open to users worldwide and will soon expand their fiat offering from the local currency ZAR to a wide array of international currencies.
Disclaimer: this is a paid-for, sponsored article. Nummi is the source of this content and is responsible for the content, and the accuracy of the content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Image Courtesy: Nummi