VFEX Stock Exchange offers miners a transparent platform to sell their commodities through a fully automated electronic trading platform.

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How to participate as a Miner on VFEX

Step 1: Create an account on VFEX and submit your KYC Details 

Required KYC include; 

  • mine claim
  • movement permit
  • transport movement permit
  • National ID
  • 2 passport size photos
  • proof of residence

NB: You can also submit your KYC to VFEX through the warehouse

Step 2: Book a Delivery

Step 3: Sell your Commodities through VFEX

Enjoy the convenience of selling your commodities through VFEX.

VFEX offers miners an easy trading platform to sell their commodities. You can submit your warehouse receipt directly to VFEX or  through any of the following members;

  • Custodial bank
  • Commodity dealer
  • Warehouse

As a VFEX member, a miner can enjoy the following benefits

1. Fair and Transparent Pricing

VFEX brings together a large pool of buyers and sellers, leading to the discovery of a fair market price based on supply and demand.

2. Uniform Quality and Quantity

There are standardized lot sizes for specific commodities, ensuring consistent quality and quantity.

3. Easy Trading

VFEX offers high liquidity, allowing miners to convert their commodities into cash quickly.

4. Market Efficiency

Active trading on VFEX leads to efficient price discovery and better market information for miners.

5. Efficient Clearing and Settlement

VFEX has established systems for clearing and settling trades, reducing costs for miners

6.Trust and Confidence

VFEX is regulated, ensuring fair practices and producers for the benefit of miners.