How to Buy Bitcoin and Crypto in South Africa
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Bitcoin and other cryptocurrencies are gaining popularity in South Africa. If you’re interested in buying or trading Bitcoin, here’s a guide to get started:
Choose a cryptocurrency exchange: There are several cryptocurrency exchanges available in South Africa, such as Luno, VALR, and AltCoinTrader. You should compare the fees, trading pairs, security measures, and user interface of each exchange before selecting one.
Create an account: After choosing an exchange, create an account and verify your identity. You may need to provide personal information such as your name, address, and identification documents.
Fund your account: Once your account is verified, you can fund it with South African rand or other cryptocurrencies. You can do this by linking your bank account, using a credit card, or transferring cryptocurrency from another wallet.
Buy Bitcoin: After funding your account, you can buy Bitcoin by selecting it from the available cryptocurrencies on the exchange and specifying the amount you want to purchase. The price of Bitcoin will fluctuate, so make sure to keep an eye on the exchange rate.
Store your Bitcoin: It’s important to store your Bitcoin in a secure wallet. You can choose between a software wallet or a hardware wallet. A software wallet is a digital wallet that you can access online, while a hardware wallet is a physical device that stores your Bitcoin offline.
Trade Bitcoin: You can also trade Bitcoin and other cryptocurrencies on the exchange. This involves buying and selling cryptocurrencies based on market trends and analysis. Make sure to research and understand the risks involved in cryptocurrency trading.
Overall, buying and trading Bitcoin and other cryptocurrencies in South Africa is a straightforward process. However, it’s important to do your research and choose a reputable exchange to ensure the safety of your funds. Additionally, be aware of the regulations and tax laws surrounding cryptocurrency in South Africa.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through BolsaDX
- BolsaDX es un cripto exchange, creado en 2020 por un grupo de empresarios filántropos, con el respaldo de binance. Y nuestra misión es llevar conocimiento y crecimiento económico a México y el resto de América Latina.