How it works
Simple to start. Clear at every step.
Here is exactly what using Numbelo is like, from opening an account to taking your money out.
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1
Open an account
- Sign up with your name, email address and a password of at least 12 characters.
- Switch on two-step sign-in with an authenticator app on your phone. It is required on every account, so a password on its own is never enough to get in.
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2
Confirm who you are
- Enter your South African ID number or your passport number.
- We store it encrypted. Our own team sees only its last four characters.
- One ID can belong to one account only.
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3
Add Rand
- Pay by ordinary bank transfer from an account in your own name.
- Use your personal deposit reference, shown in the app. It is how we know the money is yours.
- Your Rand appears once the bank tells us it has arrived.
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4
Buy and sell
- Choose a coin and an amount. You see the coins you get, the price, our fee and the total.
- That price is held for you for 15 seconds. Agree, and the trade happens at exactly those amounts.
- If the price runs out, nothing is taken. You simply ask for a new one.
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5
Hold, safely
- Every coin you own is held by a specialist custodian, not by us.
- Each day we publish proof that the custodian holds at least what we owe, and you can check your own balance was counted.
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6
Take your money out
- Rand goes to a bank account in your name. Coins go to an address in your saved address book.
- We ask for a fresh code from your authenticator app each time money leaves.
- Our target is Rand within 4 hours and coins within 60 minutes, and we publish how we really did.
Ready to start?
Open an account in a few minutes. No monthly fee, and nothing to pay until you trade.