OTC crypto exchange
The core desk. USDT, USDC, Bitcoin, Ethereum, SOL, XRP, BNB and TRX priced from local order books, quoted firm by a dealer, settled the same business day.
The desk, in full
Seven ways in.
Seven ways in.
One transaction.
Underneath every service on this page is a single trade. A crypto asset is exchanged for fiat, or fiat for a crypto asset, at a rate agreed before anything moves, and the fiat leg settles to a bank account in your own name. Everything else — the paperwork, the counterparty, the deadline — is context around that one trade.
Conexus
Indicative USDT rate
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USDT / ZAR
Quoted by a dealer
What changes, and what does not
Seven doors, one room.
The service pages are not seven different products. They exist because the questions change with the situation, not because the trade does.
If you are selling USDT that a client abroad paid you, the trade is identical to the one a family does when it converts Bitcoin to fund a house deposit. What differs is which documents prove where the value came from, which deadline you are working against, and who the fiat must be paid to at the end.
So each page below answers the same three questions for a different set of circumstances: how the price is set, what the desk needs from you before it can trade, and what the settlement actually looks like when it lands. Read the one that matches your situation. If none of them do, the general process is set out on the how-it-works page and a dealer will place you correctly.
Large-volume trades
ZAR order books are thin. Above roughly R1 million a market order becomes the market. Block tickets are priced once, in full, and settled in agreed tranches.
Stablecoin desk
USDT and USDC across TRC-20, ERC-20, BEP-20 and Solana, with the network confirmed in writing before you send. The wrong chain is the most common way people lose value.
Property purchases
Conversion settled into your conveyancing attorney’s trust account against a signed agreement of sale. We do not transfer property and we do not advise on it.
Business settlement
Suppliers who invoice in USDT, treasury balances to convert, payroll to fund. Invoiced properly, reconciled to your bank statement and documented for your auditors.
International settlement
Value arriving from abroad, with the corridor confirmed before a quote and the exchange-control position explained honestly rather than glossed over.
Private clients
Relocation, emigration, deceased estates and personal holdings built up over years. Slower conversations, heavier source-of-wealth evidence, the same pricing discipline.
The constants
Four things that never change.
One transaction
A crypto asset in and fiat out, or the reverse. Nothing is held, lent, staked or managed in between, in any market.
One legal frame
In South Africa, where the desk has its office, crypto assets are a financial product under the FAIS Act. That puts an OTC desk in Category I — advice and intermediary services — and not in Category II, which is discretionary management and something this desk does not do.
One settlement path
Fiat moves by bank transfer to an account in the client’s own name — EFT, RTC or PayShap in South Africa, and the rail confirmed for the corridor elsewhere. No cash, no third-party payments.
One record set
Every trade produces a written confirmation with reference, rate and net amount, kept for five years under the FIC Act.
Placing yourself
Which one am I?
Find the sentence that sounds most like your week.
- “I have USDT sitting in an exchange account and I want the fiat in my bank tomorrow.” → OTC crypto exchange
- “The amount is well over a million rand and I do not want to move the price against myself.” → Large-volume trades
- “A client is paying me in USDT and I keep getting the network wrong.” → Stablecoin desk
- “My offer on a house was accepted and the deposit has to reach the attorney’s trust account.” → Property purchases
- “My company was paid in crypto assets and my accountant needs an invoice and a clean audit trail.” → Business settlement
- “I am moving countries and my savings are in crypto assets.” → International settlement
- “This is a personal holding built up over eight years and I need it converted carefully.” → Private clients
More than one may fit. That is fine — they are the same desk and the same dealer. Pick the closest, or start from the enquiry page and describe the situation in your own words.
The boundaries
What the desk does not do.
This list matters more than the one above it. Most of the harm done in this market comes from firms that quietly do these things, or from clients who assume a desk does them.
Custody as a service
We do not hold crypto assets or fiat for clients between trades. There is no account with your name on it, no balance to log in and check, and nothing to withdraw. Value arrives for a specific trade and leaves the same business day.
Discretionary management
Managing a client’s assets at your own discretion is a FAIS Category II activity. The desk does not do it, does not want to, and will never trade on your behalf on a view about where the price is going.
Lending, credit and margin
No borrowing against crypto assets, no leverage, no buy-now-settle-later. Nothing you send is lent to a third party. If a firm offers you credit against a coin balance, that is a different regulated activity entirely.
Staking, yield and interest
Nothing here pays you for leaving value with us, because nothing stays with us. Any product promising a rate of return on a crypto balance is outside what this desk does and outside the licence category an OTC desk sits in.
Payments processing
We are not a payment service provider and we do not run merchant checkout. Joint Communication 1 of 2026, of 28 May 2026, confirms that facilitating a customer paying a merchant in crypto — property expressly included — is an intermediary service under FAIS, and that crypto is not money, not funds, and falls outside the National Payment System Act.
Investment or financial advice
We will explain how a trade works, what it costs and what the settlement looks like. We will not tell you whether to make it, when to make it, or what to hold. Advice on a financial product is separately licensed work.
Tax advice or filing
SARS treats crypto assets as assets of an intangible nature, taxed on revenue or capital account under ordinary principles. We give you complete records; a registered tax practitioner gives you the advice.
Moving capital offshore
The desk settles to an account in your own name in a corridor confirmed before the quote, and it is not a route around anyone’s exchange control. Buying crypto assets in South Africa in order to externalise capital contravenes the Exchange Control Regulations and is a criminal offence, and value cannot be repatriated into South Africa through crypto under the allowances.
Where the rules come from
South Africa is the market this desk knows best and the one it has an office in, so its rules are set out plainly. Crypto assets were declared a financial product under the FAIS Act by General Notice 1350, Government Gazette 47334, of 19 October 2022, and the transitional exemption for unlicensed operators closed on 30 November 2023. Crypto asset service providers are accountable institutions under Item 22 of Schedule 1 to the FIC Act. The full set of obligations the desk carries, and the registers where you can check us, are on the compliance page.
Read next
How a trade runs
Enquiry, onboarding, firm quote and settlement, step by step with realistic timings.
Fees and limits
What the desk charges, what it does not charge, and how margin moves with size.
Compliance
FAIS, the FIC Act, the Travel Rule, and the public registers where you can check us.
Before you pick a page
No. The service pages exist so you can read the process in advance, not as a booking form. Tell a dealer what your situation is and they will confirm which procedure applies. All seven routes end at the same exchange transaction.
No. The desk provides an exchange service only: a crypto asset is swapped for fiat, or fiat for a crypto asset, at an agreed rate. We take no deposits, manage no funds, pay no interest and promise no return. What is excluded is set out in the section above and in the risk disclosure.
No. A crypto asset arrives against a specific agreed trade and the fiat leg leaves the same business day. There is no balance sitting with the desk in between. The movement of value is described step by step on the settlement page.
The corridor is confirmed before a quote, because the currency and the rail depend on the amount, the receiving bank and the compliance outcome. Live indicative pricing on this site is published against ZAR, because that is where the order-book data comes from. What the desk can settle in for you is a question for a dealer rather than for a marketing page.
We convert crypto assets to fiat and settle into an account in the verified client's own name. A cross-border payment is a function of your own bank in its capacity as an authorised dealer, and it happens under exchange control. We do not externalise capital and we will not be used as a route around those rules.
No. Everything published here is indicative and exists so you can size a trade. A firm rate is quoted in writing by a dealer and held for an agreed window. How the price is built is explained on the OTC exchange page.
Nothing. Requesting a quote creates no obligation on either side until a firm rate is confirmed in writing and accepted. Charges and thresholds are published on the fees and limits page rather than invented per client.
Describe the situation, get a number.
Tell a dealer the asset, the direction, the size and the deadline. You get a firm written rate and a plain description of how settlement will run.
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 is not a regulated deposit. Conexus Crypto provides an exchange service only and does not provide financial, investment or tax advice.