OVEX alternative to the Ramps API for USDT and USDC payouts
OVEX's Ramps API works in one currency, rand. Companies holding USDT or USDC that pay out and collect by API in other currencies, with their fee in each quote, can use Unigox as an OVEX alternative. Keep OVEX for OTC.
When to stay with OVEX
You trade large amounts of rand
The OVEX OTC desk takes orders from R250,000 at one locked price and keeps a dealer on call day and night. It can open a credit line so you trade first and deposit later. Unigox OTC deals convert only EUR or GBP to stablecoins and back.
You need fiat FX in South Africa
South African companies and residents buy or sell fiat currencies, from USD, EUR and GBP to CHF and JPY, through the OVEX FX service and its Authorised Dealer. A USD bank deposit to the OVEX conversion facility comes back as USDT one to one, less a flat fee. The Unigox Payments API settles your side in USDT or USDC only.
You run a brokerage or trade Bitcoin
The OVEX broker platform runs your brokerage on OVEX liquidity: you set a spread per client, give each client full or partial access and reconcile commissions in one dashboard. The exchange also trades Bitcoin and Ethereum against rand. Unigox trades stablecoins against local currencies.
OVEX ramps and Unigox payouts compared
| Topic | OVEX | Unigox |
|---|---|---|
| What it is | A South African exchange, OTC desk and wholesale FX venue for Africa, with a quote API, a Ramps API for your clients and a broker programme. Cross-border payments settle over stablecoins. | An API that pays your customers' bank or mobile money accounts in local currency and collects from them, while your company only sends or receives USDT or USDC. |
| Currencies through the API | The Ramps API takes rand in and pays rand out, to and from ZARP, USDT or USDC. Other currencies go through OVEX Global Payments, the OTC and wholesale FX desks, or exchange API withdrawals to email-confirmed beneficiaries. | Each currency live on Unigox, in the directions it is live, to and from bank or mobile money accounts. All of it runs from one partner wallet in USDT or USDC. |
| Rate before you commit | On a deposit, an estimate only. The rand converts when it settles: 15 minutes after approval, at once for instant-settlement clients, or when you call settle. A payout quote expires in under 10 seconds and shows the fee once accepted. | A quote on every payout and collection: rate, Unigox fee, your fee and total. It lasts 60 seconds; placing the order refreshes the price and refuses it if the price moved beyond your slippage tolerance. |
| Your own fee | The Ramps requests have no field for a fee of yours. On the OVEX broker platform you set your own spread per client or for all clients and track commissions in a dashboard. | A percentage you set per quote, shown next to the rate, the Unigox fee and the total, and paid to your partner wallet when the order completes. An order that does not complete is not charged. |
| Who pays the recipient | OVEX, to the South African bank account named in the request: holder, bank, account number and branch code. | A payment business connected to Unigox or a P2P merchant; you can limit a quote to payment businesses. Your USDT or USDC waits in on-chain escrow; a funded payout that stops is refunded once your server signs. |
| Customer checks | You create each client by API with their name, contact details, ID number, ID document images, proof of address and a selfie. OVEX settles nothing for a client it has not verified. | Each customer verifies with Unigox by ID document and selfie, by ID number and selfie where a national registry allows it, by reusing an eligible Sumsub or Persona check, or through a Unigox link. |
| Regulation | OVEX (Pty) Ltd holds FSCA authorisation FSP 53922 and is an authorised crypto asset service provider in South Africa. OVEX FSP (Pty) Ltd (FSP 50776) runs the FX service; a Canadian group company is registered with FINTRAC. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMove your payouts from OVEX ramps in three steps
Pass Unigox KYB
Start business onboarding at unigox.com/business and submit your company documents. Your OVEX verification does not transfer; API credentials follow approval.
Swap the ramp calls for quotes
Your developers replace OVEX client, KYC and off-ramp calls with Unigox customers, checks and quotes on api-staging.unigox.com, using the Postman collection and signing examples in Python, JavaScript or C#.
Fund the wallet and switch
Send USDT or USDC to your partner wallet, then point your server at api.unigox.com in place of the OVEX ramp calls.
Questions about OVEX alternatives
Which OVEX alternative pays customers in several countries through one API?
For a company that holds USDT or USDC, the Unigox Payments API pays bank and mobile money accounts in the local currencies live on Unigox. It collects from customers the same way, with one quote call per order. OVEX documents its Ramps API for rand in and rand out; its other corridors run through OVEX Global Payments and its OTC and FX desks.
Is there an alternative to OVEX that adds our own fee to each order?
Yes. On the Unigox Payments API you set a percentage on each quote. The quote shows it next to the rate and the Unigox fee, and it is paid to your partner wallet when the order completes. OVEX's Ramps requests have no fee field; on the OVEX broker platform you earn through the spread you set per client.
Does Unigox replace the OVEX OTC desk?
No. Rand orders from R250,000, credit lines and post-trade settlement stay with the OVEX desk. Unigox OTC deals work only between euros or pounds and stablecoins, at a fee agreed with your company before the first deal.
See Unigox OTC dealsCan we keep OVEX and add Unigox for payouts?
Yes. The two are separate accounts with separate balances. Keep OVEX for trading size and fiat FX, and route customer payouts and collections you settle in USDT or USDC through Unigox once your company passes KYB.
See Unigox for BusinessTell us where your customers get paid
Send us the OVEX flows you run: countries, payment methods, monthly volume and the stablecoin you settle in. We map each one to a Payments API quote, or tell you it should stay with OVEX.
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