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Buying Crypto Currency in South Africa

Bitcoin and Altcoins in South Africa and Kenya have become increasingly popular while bank scams continue to increase. People seem to prefer avoiding the local banks and Rand altogether by using crypto wallets to store their wealth.

The regulation for crypto currencies isn’t even close to be written, so in many ways, South Africa is the crypto currency wild west. We’ve covered the popular exchanges South Africans are using currently along with anonymous exchange options and where to buy and trade altcoins below.

Best Crypto Currency Exchanges in South Africa

One of the oldest and most common exchanges in South Africa for years has been Ice3x. Accepting South African Rand for bitcoin and being the most trustworthy has skyrocketed them to sell the most bitcoin, ethereum and litecoin to South Africans who don’t mind showing proof of residence and other documentation that banks require.

The best cryptocurrency exchanges in South Africa are:

South Africa Crypto ExchangesKnown ForPopular inKYCCurrencies 
Exchange / P2P MarketplaceAfrica, UK, Europe, AsiaYesZAR, GBP, EUR, CADContinue
Large Global ExchangeLatin America, Europe, UKYesUSD, EUR, GBP, ZAR, BTC, ETH, AltsContinue
No KYC, Low Trading Fee'sGlobalUnder 2 BTC NoBTC, ETH, AltsContinue
Credit Card / ExchangeEverywhere except USAYesEUR, USD, GBP, ZARContinue
P2P TradingGlobalNoBTC, ETH, AltsContinue
Large Global ExchangeAsiaYesAll National Currencies, BTC, AltsContinue
Decentralized Anonymous ExchangeGlobalNoBTC, ETH, AltsContinue
buy bitcoin locallyPerson to Person TradesGlobalYes/NoBTC, ETH, AltsContinue
anonymous gift card bitcoin sellingAnonymous PurchasesGlobalNoBTC, ETH, AltsContinue

Ice3x

Largest Bitcoin Exchange in South Africa

Anonymous Bitcoin Purchases in South Africa

Much like Kenya, the bitcoin ATM and local bitcoin options around South Africa involve tons of person to person purchases and trading. The only South African ATM with visiting is bitsmart in Nelspruit because the three other ATM’s appear to buy bitcoin only (from tourists) and charge high fee’s. 

 

BTC ATM

Bitmart in Nelspruit

39 Sitrus Crescent

LocalBitcoins South Africa

Buying bitcoin locally for ZAR through bank transfers (FNB, Standard, NedBank, ABSA, Capitec), Ewallet, PayPal, in South Africa is quite easy with many sellers making a living off selling bitcoin through the service now.

 

Localbitcoins

Peer to Peer Bitcoin Buying and Selling

Localbitcoins

Available Worldwide

Cash, Bank Transfers and Wires

HodlHodl South Africa

 

HodlHodl

Anonymous Peer to Peer Crypto Trading Platform

HodlHodl

Available Worldwide

No ID Required

Bisq

Anonymous Peer to Peer Crypto Trading

Bisq

Available Worldwide

No ID Required

Best Exchange to Buy and Trade Altcoins from South Africa

Along with the options above, like Bisq, covering many altcoins anonymously, the most popular currently is Binance. Allowing everyone to trade bitcoin for altcoins just like a trader on wall street trading stocks, without the education or experience required.

 

Binance

Anonymous Trading Hundreds of Altcoins

Binance

Available Worldwide

No ID Required

Online Gambling in South Africa

For people in South Africa wanting to bet on football, rugby and cricket using bitcoin, be sure to check out our Bitcoin Online Gambling in South Africa guide for options available.

 

Crypto Gambling has information on bitcoin, altcoins and trading crypto currencies along with bitcoin poker, casino and sports betting sites available worldwide.