Nummi: A new cryptocurrency exchange set to launch in South Africa

Nummi: A new cryptocurrency exchange set to launch in South Africa



Nummi: A new cryptocurrency exchange set to launch in South Africa

Nummi, South Africa’s newest cryptocurrency exchange is set to launch in the Republic of South Africa.  Nummi is a trading platform where users and traders can buy, sell, exchange, and trade Bitcoin, Bitcoin Cash, Litecoin and NEO. Ethereum trading option will be launched soon as well.

Nummi, plural for Nummus, is a Latin term for the coins used in Roman and Byzantine times. Today, people can buy and trade digital coins using an exchange named after the coin used centuries ago.

Nummi’s mission is to become one of the leading crypto exchange platforms in Africa and around the globe.

Low fees

Nummi is making it accessible for everyone to have a chance to become a part of this financial system from where they can be empowered to buy and sell in the global online economy. 

Nummi Co-Founder and CEO Teboho Busa said:

 “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.”

Referral program

Nummi has a unique referral program allowing users to earn commission on every trade they make by referring family and friends. 

Teboho said “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%.” 

To learn more about the Nummi referral program go to https://nummi.trade/referral-program.

Security 

Nummi developers spent 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.  

September launch

Nummi is launching in South Africa on September 9 when you can register, add a profile and upload your KYC (Know Your Customer) documents.  Wallets for deposits and withdrawals are available from September 16, and trading starts on September 21.

Currently, you can use Nummi in South Africa for exchange in the local currency, but users from all over the world can participate in crypto to crypto trades on Nummi’s platform through different fiat pairs and deposit options that are currently in the pipeline.  

“Disclaimer: this is a paid for, sponsored article. [COMPANY NAME] 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.”

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