4 min readPrimeXBT is introducing support for South African Rand (ZAR) accounts, giving clients in South Africa the ability to manage funds in their local currency.
Previously, South African users could only operate with USD-denominated accounts, which required converting balances and fees into a foreign currency. With the addition of ZAR support, users can now hold, transfer, convert, and trade directly in Rand.
This update is designed to make account management simpler and more intuitive for traders in the region, while maintaining full flexibility with dual currency support.
Here’s what’s new
South African clients now have access to several improvements:
- A dedicated ZAR wallet available alongside the existing USD wallet
- The ability to hold and transfer funds in ZAR
- ZAR accounts available on PXTrader 2.0 and MT5
- The ability to exchange ZAR for USDT within the platform
This means users can manage funds in their local currency while still maintaining access to USD when needed.
Local currency experience with full flexibility
The addition of ZAR accounts improves the overall trading experience for South African users by removing the need for constant currency conversions. Pricing, fees, and balances can now be viewed directly in Rand, making account activity easier to understand.
At the same time, users retain the flexibility of dual wallets, allowing them to switch between ZAR and USD depending on their trading preferences.
Getting started
Existing South African clients can access their ZAR wallet directly within their PrimeXBT account.
Once logged in, users will see the ZAR wallet available alongside their USD wallet, allowing them to hold and manage funds in either currency.
Payment methods remain the same, and users can continue depositing, withdrawing, and transferring funds using the available options.
Looking for more? We’ve got you covered
If you have any questions about ZAR accounts or are searching for other information, feel free to visit our Help Center for detailed guides or contact our Support Team at any time via live chat. You can also email us at [email protected].
*Trading involves risk.
PrimeXBT is proud to support the growing community of traders in South Africa and continues to invest in initiatives that promote financial education, support the local community, and responsible participation in the markets.
Thank you for trading with PrimeXBT.
Author
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