USDT → ZAR
Four networks, and what it costs you to pick the wrong one.
Rates · indicative, not binding
Live crypto rates
Live crypto rates
in ZAR.
Indicative prices for eight crypto assets against the South African rand, refreshed about once a minute from local order books. Nothing here is a binding quote — it is here so you can size a trade before you speak to a dealer.
This page prices one market: the South African one, which is the market the desk has an office in. USDT is the instrument most of that volume moves in. Which currency your own settlement lands in is confirmed with a dealer before a quote is given, never assumed.
Pair pages
Conexus
Indicative USDT rate
—
USDT / ZAR
Quoted by a dealer
Indicative
Every asset the desk quotes.
Eight assets against the rand. Bid is the side on which the desk buys from you; ask is the side on which the desk sells to you. The distance between them is the price of the service.
| Asset | Indicative rate, ZAR | Bid | Ask | Networks |
|---|---|---|---|---|
|
BTC
Bitcoin BTC |
— | — | — | Bitcoin, Lightning |
|
USD
Tether USDT |
— | — | — | TRC-20, ERC-20, BEP-20, Solana |
|
ETH
Ethereum ETH |
— | — | — | Ethereum, Arbitrum, Base |
|
USD
USD Coin USDC |
— | — | — | ERC-20, Solana, Base |
|
SOL
Solana SOL |
— | — | — | Solana |
|
XRP
XRP XRP |
— | — | — | XRP Ledger |
|
BNB
BNB BNB |
— | — | — | BNB Smart Chain |
|
TRX
TRON TRX |
— | — | — | TRON |
Updated — · sources: —. Reference data: VALR, Luno.
Size a trade
Work out your own number first.
Enter an amount in crypto or in rand. The calculator uses the same data as the table above and shows you the desk margin that applies at that size.
The margin narrows as the ticket grows. The full ladder is published on the fees and limits page — the desk trades as principal and earns a spread, not a hidden fee.
Indicative quote
Live
You send
You receive
ZAR
Indicative only. This is not an offer or a binding quote. It excludes network fees, banking charges and the outcome of compliance checks. A firm rate is valid only once confirmed in writing by a dealer. Crypto assets are volatile and investing in crypto assets may result in the loss of capital.
How this number is built
The indicative rate on this page is assembled from the public order books of two South African exchanges, VALR and Luno. For each asset we read the top of the book on the ZAR pair, average the bid and the ask across both sources, and derive a mid from that. The result is cached at the Cloudflare edge for a short window so the page loads immediately and does not depend on either exchange being reachable at the moment you happen to visit. If one source is unavailable the calculation continues on the other, and the page marks itself as degraded rather than pretending nothing happened.
Why not a global feed
The lazy way to show a "BTC price in rand" is to take a dollar price from a global aggregator and multiply it by USD/ZAR. We deliberately do not do that. The South African rand market trades at a persistent premium to that calculation — commonly in the region of 0.8% to 0.9%, and wider when the rand moves quickly or when cross-border capacity is constrained. The reason is structural. To close the gap between the local price and the global one, an arbitrageur has to move capital through the South African banking system and through exchange control, and that costs money, time and allowance.
The size of the error is arithmetic, not opinion. On a R1,000,000 ticket a 0.86% premium is roughly R8,600 of difference between "the world price expressed in rand" and the price at which a trade can actually be filled in South Africa. That is not a rounding difference. It is enough money that you should ask any desk where its rate comes from before you send anything.
What an indicative rate is not
- It is not an offer. Nothing on this page binds you or us to a transaction.
- It is not your execution rate. Your rate depends on size, direction, asset and network, and it is quoted by a dealer.
- It is not net of costs. Network fees, banking charges and the outcome of compliance checks are not in it.
- It is not a forecast. We publish no price targets, no signals and no view on direction.
- It is not good until close of business. A firm quote is held for an agreed window and that window is confirmed in writing.
Reference-data attribution
Reference market data is sourced from the public market interfaces of VALR and Luno. Both are named here as data sources only. Neither is a partner, sponsor or guarantor of Conexus Crypto, neither has reviewed this page, and neither is involved in the settlement of your trade.
Risk warning
Investing in crypto assets may result in the loss of capital. The prices on this page are volatile, they can fall as well as rise, and past levels say nothing about future ones. Convert only what you can afford to lose.
By pair
Each asset breaks differently.
Networks, confirmation times and fee behaviour matter more than the rate at the moment you press send. One page per pair, with what actually goes wrong on each.
BTC → ZAR
Confirmations, the mempool, and why the network fee ignores the amount.
ETH → ZAR
Gas, EIP-1559 and what to do about balances sitting on a layer 2.
USDC → ZAR
The issuer, the reserve model, and native versus bridged USDC.
About these numbers
Because it is a different market. A global price is a dollar price for a crypto asset traded in a dollar market. A South African price is a rand price for a crypto asset traded in a rand market, and those two markets are separated by a banking system, exchange control and the working hours of the people who arbitrage between them. The rand book has for years carried a persistent premium over global price converted at the interbank USD/ZAR rate — commonly around 0.8% to 0.9%, sometimes considerably more when the rand moves quickly. Quoting you the global number would be quoting you a market you cannot actually trade in.
From the public order books of VALR and Luno, two South African exchanges, read through our own /api/rates endpoint and cached at the edge for a short period. VALR and Luno are reference-data sources only. They are not partners of Conexus, they do not endorse this desk, and they have no involvement in your trade.
The page asks for a new set roughly every sixty seconds while it is open, and the underlying figures are cached at the edge for a short window. In a fast market a minute is a long time. That is one of the reasons a firm rate is quoted separately by a dealer and confirmed in writing.
No. The rate on this page is a reference mid, bid and ask taken from a market you are not the counterparty to. Your rate is quoted by a dealer, for your ticket size, in your direction, and it is valid only once confirmed in writing. See fees and limits for how the desk's margin is built into that number.
The desk quotes BTC, ETH, USDT, USDC, SOL, XRP, BNB and TRX against the rand. Anything outside that list is handled case by case and only where the desk can source real local liquidity — ask a dealer rather than assuming.
It is steadier, which is not the same thing. USDT and USDC are pegged to the US dollar, not to the rand, so the ZAR figure on this page moves with USD/ZAR even on a day when the coin is sitting exactly on a dollar. A stablecoin is also not a bank deposit and carries no depositor protection.
The pages here quote against the rand because that is the market these order books describe. Conexus is an over-the-counter desk rather than a South African exchange, and the currency and the rail your own settlement uses are confirmed by a dealer before a quote is given. Ask before you assume either way.
Keep reading
Fees and limits
How the desk earns, how the margin narrows with size, and what we never charge.
Large-volume trades
Why a large order on a thin local book moves the price against you.
How it works
From enquiry to a firm written quote and settlement to an account in your own name.
A firm rate, not an indicative one.
Tell us the asset, the direction and the size. A dealer comes back with a binding rate in writing and exactly what settlement will look like.
Investing in crypto assets may result in the loss of capital, as the value is variable and can go up as well as down. A crypto asset is not legal tender and does not fall within the National Payment System Act. Conexus Crypto provides an exchange service only and does not provide financial, investment or tax advice.