Buying Bitcoin, Ethereum and Altcoins 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.
Top Exchanges in South Africa to Buy Bitcoin
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.
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.
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.
HodlHodl South Africa
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.
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.