5 reasons why you should use Valora to explore crypto

TL;DR 

If you’re new to crypto, then Valora is the perfect app to help you discover and navigate this complex space. With so many pathways to explore, Valora makes getting into crypto simple. Here are 5 reasons why you should use Valora to begin exploring crypto: 

• Your crypto “everything” app - All the essential products and services in the crypto ecosystem are conveniently available in one app. 

• The power of stablecoins - Valora makes it easy to get, hold, use, and earn rewards from stablecoins in a variety of ways.

• Earn 7% rewards - Take advantage of Valora’s Supercharge Rewards Program to earn with your crypto. 

• Transact with anyone - Send or receive money from around the world in under five seconds -  and for an average fee of just $0.001. 

• Financial freedom - The Valora app gives you a self-custody wallet that only you can access and control. Taking self-custody of your digital assets offers a level of financial freedom and independence that you can’t find anywhere else. 

5 reasons why you should use Valora to explore crypto

If you’re new to the world of crypto, it can be challenging to decide where to begin. With so many pathways to explore – dapps, NFTs, DeFi, stablecoins and more – it’s easy to get lost if you’re doing it by yourself.

But with Valora, you now have access to one of the best apps that can assist you along your journey and provide you easy access to all the most popular crypto tools.

Read further to see 5 reasons why you should use Valora to explore crypto – especially if you’re just starting out on your first crypto journey. 

1. Your all-in-one crypto app

Valora is your single source for all things crypto! 

With only your smartphone and your Valora app, you can explore a variety of decentralized applications (dapps) that allow you to earn rewards, collect free crypto, trade NFTs, make retail purchases, use decentralized finance (DeFi), trade with leverage, and much more. 

New dapps are added to Valora on a monthly basis, to expand your opportunities within the crypto ecosystem and keep you updated with the latest innovations. 

2. Stablecoins galore! 

With Valora, you can easily swap cash or crypto for stablecoins to use for payments, rewards on DeFi dapps, or simply saving in popular national currencies like US dollars or Euros that maintain price stability.  

Stablecoins are digital tokens that are pegged one-to-one to the value of underlying national currencies. So for example, with Valora’s Mento dapp, you can get access to the cUSD, cEUR, or cREAL stablecoins, which are pegged to US dollars, Euros, and Brazilian Reals, respectively. 

From there, you can use your stablecoins to earn 12% supercharge rewards (discussed in the next section) all with just Valora. Then if you want to earn more fees you can provide liquidity for other traders, us for goods and services payments, or to send and receive funds between family and friends.

There are many opportunities that stablecoins enable and Valora provides a simple way to get started using these assets.

3. Supercharge Rewards

Did you know that Valora’s Supercharge Rewards Program offers you 7% annual rewards* on your stablecoins? It does, and getting started couldn’t be easier.

After you’ve swapped your traditional currencies or other cryptos for cUSD, mCUSD, or cEUR, Valora will automatically calculate your interest rewards based on your average weekly balance. All you need to do is claim your rewards on a weekly basis with a simple one-click icon within the app. 

Valora’s Supercharge Rewards Program offers unmatched flexibility. There are no-lock up requirements, so you can add and withdraw funds or rewards at any time. And with as little as 10 cUSD or cEUR, or 20 cREAL, you can begin earning 7% annual rewards immediately. 

Note: For more details or to check out our calculator to see exactly how much you can earn, take a look at our Supercharge Rewards article.

4. Peer-to-Peer transactions

The Valora app offers you a convenient way to engage in peer-to-peer transactions with anyone else around the world! This means that Valora is ideal for daily transactions - like paying for goods or services - or sending and receiving funds between family and friends.  

With either another person’s mobile number or their Valora QR code, you can send or receive stablecoins or cryptocurrencies in just a few seconds. And the amazing thing about digital peer-to-peer transactions is that funds are transferred to the receiving party immediately without going through an intermediary, like a bank. 

And because there’s no intermediary, transacting with Valora saves you money! In fact, the average Valora transaction fee is only $0.001. Now, compare this fee to any other cross-border payments service, and you’ll realize the value of Valora’s peer-to-peer transactions.  

5. True self-custody

With Valora’s app, only you have full possession and control over your digital assets. That’s because the Valora app is a self-custody crypto wallet - meaning it can only be accessed and controlled by you. 

The benefits of having real self-custody over your digital assets are numerous and include full control, enhanced privacy, greater financial freedom, and unique security. With a self-custody wallet, no one else can exert any control over your assets or transactions. So you’re free to transact with whomever you want, at any time, day or night, and for any good or service. Additionally, you no longer must rely on a centralized exchange to hold your digital assets, where there’s always a risk of the assets being lost or stolen. 

Self-custody is an extremely interesting topic, and many people become advocates of crypto and blockchain technology once they realize the freedom and benefits it offers. For a deeper look at this issue, see our Role of Self-Custody in Enabling Financial Sovereignty article. 

Bottom Line

Valora is a fantastic place to begin your crypto journey. 

Why? Because we’ve got the basics of crypto covered. With only one app, you can access the power of stablecoins, get supercharged rewards, engage in peer-to-peer transactions, and achieve a level of financial independence not available with any traditional banking product. 

So, if you are ready to discover crypto for yourself and see why the Valora app has a 4.5 star rating, then take a look at our Get started with Valora guide and download Valora here!

*Disclaimer: As of February 13, 2024, Valora offers 7% annual rewards on qualifying Celo stablecoins. This change will be applied to new and existing Supercharge accounts with the minimum required balance - effective immediately. 

Supercharge rewards will continue to be paid out weekly. Remember to claim your Supercharge rewards every week in your Valora wallet.