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Bitcoin Atm In Cape Town

Buy Bitcoin In South Africa

Buy Bitcoin In South Africa

Buy bitcoin in South Africa from a bitcoin exchange We have two licenced bitcoin exchanges in South Africa for buying bitcoin, namely Ice Cubed , and Luno . Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out. Click here for a comparison of local bitcoin exchanges in South Africa Buy and trade bitcoin on localbitcoins.com LocalBitcoins.com is a website where you can find people near to you who are also looking for buyers and sellers of bitcoin. You can advertise that you would like to buy or sell bitcoin, and you can trade with other users of the localbitcoins website. Trades can happen on the website using escrow and bank transfers, or you can meet the buyers in person and trade cash. Click here for a tutorial on how to buy bitcoin on localbitcoins It is possible to use your PayPal account to buy bitcoins online suing the VirWox exchange to first purchase Linden $ (currency used in the game Second Life) and then using those to buy bitcoin. Using PayPal is risky for the vendor as the transactions can be reversed, so there might be limits to the amount of bitcoin you can purchase in the beginning. Click here for step by step instructions on how to buy bitcoin with PayPal . Buy bitcoin using your credit or debit card If you would like to buy bitcoin using your credit card, CEX.IO is the place to go to. Follow our guide to get registered, add your card to the system, deposit money, and finally buy bitcoin. Pay the USD or EUR rate for bitcoin on the CEX.IO exchange, with a 3.5% credit card fee + $0.25 fee for deposits. Our step by step guide to buy bitcoin with a credit car Continue reading >>

Sas First Bitcoin Atm Finally Launches!

Sas First Bitcoin Atm Finally Launches!

Not sure whether this will be the right place to post this. How about a sub thread for 'Crypto currencies'? Its bound to become more and more relevant in years to come. Johannesburg's Bitcoin community received a boost with the launch of what is likely the first Bitcoin ATM on the African continent. The machine was set to launch in May, but was apparently delayed until now. The machine was officially open for business last Friday at 9 am local time. Unfortunately, the Lamassu machine has the capability of accepting cash in exchange for Bitcoin, but not the other way around. One of the strongest arguments in favour of Bitcoin in Africa is the idea of remittance. As the documentary film Bitcoin in Uganda outlined, those who live and work abroad and wish to send money to their families back home face exorbitant money transfer fees. Some companies will charge up to 40% of the amount transferred. However, with Bitcoin, the transfer fees are not only built into the protocol, they're incredibly low in comparison. On top of this, they require no intermediary to perform. One only needs to be able to transfer their bitcoins into local currency, which Bitcoin ATMs can provide. Unfortunately, though, the Lamassu machines are incapable of such transactions. Lamassu did, however, recently release an open-source version of their software which they claim will make it easier for Lamassu operators to get into the remittance market. Regardless, though, the launch of South Africa's first Bitcoin ATM is a welcome addition to Johannesburg's Bitcoin community. The machine, operated by ZABitcoinATM, is located at Metroman spa, at Cnr Pitts Ave & Dytchley Rd. Continue reading >>

South Africa's First Bitcoin Atm Comes To Johannesburg - Memeburn

South Africa's First Bitcoin Atm Comes To Johannesburg - Memeburn

By Staff Reporter on 20 August, 2014 Memeburn If youre not virtually mining it or relying on the kindness of the internet, the most common way of getting Bitcoin cryptocurrency is to trade at an exchange. The latter requires you to make an EFT, which can take a few days to complete, and requires you to manually match bids on the exchange. Another option is trading your cold hard cash for Bitcoin. This is done using a Bitcoin ATM like Lamassus machine recently launched in Johannesburg, South Africa the first of its kind in the country. Rolf Deppe and Monre Botes from local IT coaching company Tremendous Learning are responsible for this initiative. The machine was installed in Kyalami, Johannesburg at a mens salon called Metroman , and the pair hopes to implement more machines across South Africa in the near future. According to the site, the machines cost US$6 500 (about R65 000) each. TechCentral further notes that the machine charges a transaction fee of 6% that goes to Tremendous Learning. We are also looking at putting machines in Pretoria and Cape Town, but we will use a much cheaper model that costs about R10 000, says Deppe. To use the machine, youll need a Bitcoin wallet on your smartphone ( see list of popular alternatives ). The Bitcoin ATM then scans your wallets unique QR code, takes the cash youve inserted, and voila! You have yourself some cryptocurrency in a matter of seconds. These are exciting times for the digital currency in South Africa. Just a few weeks ago PayFast partnered with the local exchange, BitX, to add a Bitcoin payment option to more than 30 000 online shops , including one of the countrys largest commerce sites, Takealot. Continue reading >>

First Bitcoin Atm Hits South Africa

First Bitcoin Atm Hits South Africa

August 21, 2014 Nicolise Harding Articles , Interviews , News & Events , Opinions The first Bitcoin ATM has hit the streets of Johannesburg. Rolf Deppe and business partner, Monre Botes, are the geniuses who decided to run the LamassuBitcoin vending machinefromthe new Metroman salon situated in Kyalami, Midrand. This willbe the nextstep to tweak the interests of all hipstersfor a face to face experience of Bitcoin currencies. We had a chat with Rolf, who together with Monre runs their business Tremendis Learning , about his future plans and venture into Bitcoin: How did you come across the idea for the Bitcoin ATM and why in JHB first? My business partner and I, Monre Botes were watching the Bitcoin ATMs sprout up all over the world, with a noticeable lack in Africa. By middle of February we decided to simply try it, ordered a Lamassu, and the rest is history. The location in JHB was chosen specifically as we live there, and we do need to get to grips with the new technology and setup, so having it close by was more suitable. How receptive is the JHB community towards Bitcoin? There is some interest, but I dont think close to what the interest is in Cape Town and Stellenbosch at the moment. Obviously, we would like to also drive the adoption in Jhb. What work challenge keeps you up at night? What are the biggest benefits and largest risks of doing business with Bitcoin? Obviously the possible growth and upside of Bitcoin is there. It is really in its infancy still, probably like the internet was in say, 1992? So if Bitcoin takes off like some expect it to, then the upside would be tremendous. The growth in usage and perceived value has been substantial in the last 5 years, eclipsing pretty much any investment known to man. The risks well obviously there is concern that Continue reading >>

Bitcoin Machine Ads | Gumtree Classifieds South Africa

Bitcoin Machine Ads | Gumtree Classifieds South Africa

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Bitcoin Atm Map - Find Your Nearest Bitcoin Atm

Bitcoin Atm Map - Find Your Nearest Bitcoin Atm

The Bitcoin ATM Map is no longer maintained. Please try CoinATM Radar for more current data. Contact us to add a Bitcoin ATM (Or BTM!) with the details once live. Location details are needed and proof of operation. Bitcoin-to-cash withdrawals are now available at 10,000 additional bank ATMs in Spain due to an agreement between Banc Sabadell and BTCPoint. What will be the hottest sector of blockchain this fall? Enterprise blockchain (bank innovation and DLT) Continue reading >>

Cape Town Bitcoin Bitcoin To Cash Instantly

Cape Town Bitcoin Bitcoin To Cash Instantly

Why is a face-to-face exchange a better way of transacting? For starters, the nearest Bitcoin ATM is in Johannesburg. Worse, it only permits small transactions and offers you no assistance. You will also have to go through a long verification process and you wont be able to deposit cash. We, on the other hand, specialize in personal, informed Bitcoin assistance. Investors are making millions on Bitcoins. See this chart and calculate for yourself how much money youre losing by keeping it in the bank or under a mattress. Right now you can invest R100 in Bitcoin and make on average R400 profit per year. Convert your Gold Coins, Jewellery or Diamonds into Bitcoin If youre interested in converting your gold coins, jewellery or diamonds into Bitcoin, we can help. We have partnered with Gold n Stones Trading, an industry-leading jewellery, gold and diamond merchant in Cape Town for the last 25 years. This means you can have your jewellery valued at Gold n Stones Trading and be paid out immediately in Bitcoin. Convert your Bitcoin into Krugerrands or certified diamonds. Gold n Stones Trading offers an attractive range of these items to the public. Choose the item you want and we will convert the Rand amount into Bitcoin. Call us on +27 73 530 1188 to find out more Continue reading >>

Top Vending | Sa's First Bitcoin Vending Machine

Top Vending | Sa's First Bitcoin Vending Machine

You may have heard about Bitcoin, the virtual currency that was invented in 2008 - If not, consider yourself lucky to now stumble across the opportunity to learn more about it. Through the use of open-source software, users can transact directly without needing an intermediary (central authority or bank) to manage the transactions. The issuing of Bitcoins is carried out by the network. This is essentially an innovative payment network and a new kind of money. Bitcoins can also be obtained in exchange for different currencies, products and services. Bitcoin has grown in popularity as a form of payment for products and services and merchants are more open to accepting it because unlike credit cards, any fees are paid by the purchaser, not the seller. This innovation is now available in South Africa with the first vending machine now installed. Local users are finally given the capability to get Bitcoin for Rand (ZAR). The machine is run locally by the business, Tremendis Learning. The vending machine dbuted in South Africa in Kayalami, north of Johannesburg at a business called Metroman. Understandably, the use of Bitcoin by South African vendors is still limited but the focus for now is to educate merchants about it. To get Bitcoin at the vending machine, consumers need to have a Bitcoin wallet installed on their smartphone. To achieve this, numerous apps have been developed. The apps generate a code that the Bitcoin vending machine can read and use to deposit the purchased virtual currency. The tech savvy workings behind this vending machine may seem rather complex, but in reality the concept works almost like a normal ATM. In terms of security, the machine will be smash and grab resistant and as a precaution will not be left unattended or outdoors. It really is exciti Continue reading >>

Bitcoin On News24

Bitcoin On News24

Own bitcoin or ethereum? Sars is coming for you. Cryptocurrencies like Bitcoin are to be treated as intangible assets meaning you still have to pay tax on them according to the South African Revenue Service (Sars). Wild fluctuations within the bitcoin market have once again sparked debate between investors who believe it is merely undergoing a "correction" and those who see it as a costly fad. Bank accounts could disappear within 15 years according to one of Deutsche Bank's most senior execs "That would be a game changer to what we're doing," Deutsche's co-head of corporate and investment banking said at a conference in London. Bitcoin drops below $8,000 in cryptocurrency slump Bitcoin is below $8,000 at a five-week low and the market as whole has shrunk by $130 billion since the start of March. Billionaire George Soros is reportedly getting ready to dive into crypto Adam Fisher, who overseesglobal macroeconomic investing for Soros Fund Management has gained internal approval to invest in and trade cryptocurrencies. Many fund allocators baffled by cryptocurrencies A survey showed that almost half of the more than 400 institutional allocators, such as pensions, sovereign wealth funds and family offices, dont know what to make of cryptocurrencies. Bitcoin's rough patch looks like the Nasdaq during the tech bubble except it's moving 15 times faster Bitcoin's recent price chart mirrors that of the Nasdaq Composite Index during the tech bubble era, but there's a catch. First bitcoin robbery in Taiwan leads to four arrests Taiwan police have arrested four men over a bitcoin robbery worth $170 000 in what the police said is the first case of its kind on the island. No-one will pick up Bitcoin, warns SAs central bank governor Lesetja Kganyago doesn't think it is a currency, or Continue reading >>

Get A Bitcoin Debit Card In South Africa - Bitcoin South Africa

Get A Bitcoin Debit Card In South Africa - Bitcoin South Africa

A bitcoin debit card allows users to spend their bitcoins anywhere that VISA or Mastercard are accepted as a method of payment. You can use the debit card to shop online, swipe at a store, and even to withdraw cash at ATMs worldwide. A bitcoin debit card can be used in any country, as long as there is a VISA/Mastercard accepted sign displayed, and has no hidden fees. Get a 25% discount by using our link to register: Regular price is $17 and with 25% discount, the new price is $12.75! The bitcoin debit card is simply a standard debit card in USD, EUR or GBP, that you can top up really quickly, using bitcoin. So if you have a lot of bitcoins, and would like to spend them easily, this is one way to do that. Bitcoin debit cards are a dream come true for users who have access to bitcoins and would like to have the convenience of money on a debit card, but do not have a bank account. Bitcoin debit cards are also becoming more and more popular with people who do not want the hassle of trading their bitcoin for cash, or moving money into their bank account before being able to spend that money. By using a bitcoin debit card, you spend your bitcoins directly, without having to exchange them first. How else can you use a bitcoin debit card? Some users are reported to be giving a bitcoin debit card to family members far away or even out of the country, so that they can use the card to make purchases for daily living expenses. Instead of using MoneyGram, Western Union or similar services which can take days, require going into a local branch during office hours, and are also expensive. A user can simply send some bitcoin to the bitcoin wallet associated with the bitcoin debit card, and within approximately 30 minutes, the funds can be used.the cost to load the card is almost free, Continue reading >>

First African Bitcoin Atm To Be Installed End Of May 2014

First African Bitcoin Atm To Be Installed End Of May 2014

First African Bitcoin ATM to be installed end of May 2014 Our company ordered a Lamassu Inc Bitcoin ATM/vending machine around mid Feb this year. We have received news that the item will ship in the next 2-3 days, and arrive shortly thereafter. The ATM/vending machine will be located in Johannesburg, South Africa, which is generally considered the financial capital of South Africa. We are in discussions with several restaurants/coffee shops and will be coming to a conclusion as to the final location once we have shown the interested parties the device. Our twitter feed is @ZaBitcoinATM, and we would greatly appreciate a following there - come and celebrate this ostentatious event with us! Our next installation will be in Cape Town, South Africa, in about a month from now. As the first Bitcoin vending machine in Africa (seemingly the last continent requiring this?) we are excited beyond words! I would GREATLY appreciate any advice on how to ensure this gets properly spread on the media. I have contacted all tech magazines in South Africa so far, and I have the twitter feed, but we are open to any and all suggestions to spread this news far and wide. Thanks, I will check with regards to the marketing with them. I have not received anything yet. I assume you bought an ATM/AVM from them as well? What is the preferred term - ATM or AVM? I use ATM at the moment as it is something people are familiar with, although I prefer the term AVM for obvious reasons. Above all I love what this is doing for decentralisation for bitcoin - the exchanges have been a big problem, a major hurdle due to distrust and also due to crackdown from governments. What commission are you charging, if you have an AVM? Thanks, I will check with regards to the marketing with them. I have not received any Continue reading >>

Sa Gets First Bitcoin Vending Machine

Sa Gets First Bitcoin Vending Machine

Twitter Facebook Google+ LinkedIn WhatsApp Reddit South Africas first Bitcoin vending machine has been installed, giving users the ability to get Bitcoin in exchange for rand. The difference between a Bitcoin ATM and a Bitcoin vending machine is that the former dispenses cash for Bitcoins, while the latter provides Bitcoin in exchange for a local currency. Rolf Deppe and his business partner, Monre Botes, run the Lamassu Bitcoin vending machine through their business Tremendis Learning. We decided in February that we wanted to bring a Bitcoin vending machine to South Africa. At the time there were about 100 around the world , but none on the African continent. We wanted to push the envelope, so we ordered one, and three months later it landed on our shores. The vending machine is situated in Kyalami, north of Johannesburg, at a business called Metroman . Its a friends shop, which opened on 1 June, says Deppe. Deppe is an Android and iOS application developer and is writing apps that can be used with Bitcoin. He says he is also considering establishing a Bitcoin exchange in South Africa. That wont be a first, though. The use of Bitcoin by South African vendors is still very limited, and the idea for now is to educate merchants about Bitcoin. Deppe hopes he can encourage more businesses to adopt the virtual currency. The company also hopes to become the go-to guys for merchants wanting to accept Bitcoin. The Lamassu vending machine earns Tremendis Learning 6% of the value of each transaction, but considering the cost of the machine, it wont be recouping its investment. It cost them about R75000, including importation fees. We are also looking at putting machines in Pretoria and Cape Town, but we will use a much cheaper model that costs about R10 000. To get Bitcoin at th Continue reading >>

The Blockchain Academy | Cryptocurrency And Blockchain Training World-wide

The Blockchain Academy | Cryptocurrency And Blockchain Training World-wide

The Blockchain Academy provides training on cryptocurrencies and blockchain technology. There is a lot of excitement globally on the opportunities that cryptocurrencies such as bitcoin and it's underlying technology, the blockchain, offers, for financial and non-financial institutions as well as for individuals. At the same time, a lot of confusion exists on what it is and how it works. The Blockchain Academy was established to help educate individuals and organisations on how they can use this technology to understand the benefits and opportunities that exist, improve existing systems and processes and to develop decentralised applications. We teach attendees how to use this technology in order to innovate and better prepare for the future. We provide training at our office at the Bandwidth Barn, in Woodstock, Cape Town as well as at AlphaCode Club in Sandton, Johannesburg. We also provide training at our clients offices in various countries. Each course takes place over one day and is tailored to meet the needs of different target audiences. Training solutions for individuals and groups at your convenience and location. Now offered in many countries for group training. Training solutions for individuals and groups at our offices at the Bandwidth Barn in Woodstock, Cape Town or at our office in Sandton, Johannesburg. Learn at your own pace directly with the instructor in a group or private session via Google Hangouts. This provides you with an opportunity for one-on-one engagement with the instructor. The Blockchain Academy currently offers the courses below. We also tailor-make courses specifically according to your requirements, so please contact us with your requirements. This course is for individuals who are new to digital currencies and blockchain technology. Th Continue reading >>

See You At To The Bitcoin Atm ?

See You At To The Bitcoin Atm ?

and pay in for my investment token. Indeed, its not April 1st. Its reality with a lot of money on the table and much potential for the financial secter. The question for sustainability is obsolete some 10 years after the first bitcoins with some USD 38bn alone, but more interesting is the underlying blockchain that allows for substantial changes in the industry. It is real, the global bitcoin dispenser network with some 1,400 machines. Basically to pay in only, or upgraded dispensing as well. These are for example produced by Lamassu produces in Portugal. In Japan Bitcoins since 1/4/2017 are cash-equivalent, in Austrian Post started sale as of 10/7/2017. WireX has built infunctionalities for bitcoins. More to mention Investment token are a new invention. According to cnbc.com Initial Coin Offerings (ICOs) have already raised more than $ 1bn ytd. John Mack, former CEO of Morgan Stanley is said to prepare an offering of some $ 950m. ( ). coinmarketcap.com lists more than 1,000 coins, eight surpassing $ 1bn, Bitcoin and Etherium included. Total marketcap about $ 87bn. Investments in digital assets only is another move. Alex Tapscott , co-author of The Blockchain Revolution recently raised $ 20m for the NextBlock Global funds. Blackmoon Financial Group offers via Blackmoon Crypto offers verified asset manager the service to create and manage tokenized funds in a legally compliant manner. Thus we already arrived far beyond another currency substituting cash and fiat money. The outstanding feature of data generated by a blockchain is the fact that it cannot be falsified. It could be stolen, but from todays point of view it nobody can manipulate a file. This provides huge opportunities to shorten, accelerate and secure processes. In fact, the range of options for banks what i Continue reading >>

Africa To Receive Its First Bitcoin Atm

Africa To Receive Its First Bitcoin Atm

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong , Australia , Dubai , and America , among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, theyre coming to Africa. [dropcap size=small]B[/dropcap]itcoins first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM . The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after the first, will be installed in Cape Town, South Africa. The announcement of the ATM came from ZABitcoinATM on Twitter: We are bringing the first Bitcoin ATM into Africa! To be located in Sandton, Johannesburg, South Africa. ETA end of May 2014. @ZABitconiATM , 16 May 2014 A more in-depth description of the ATMs was posted on Bitcoin Talk , a Bitcoin discussion forum, by zabitcoinatm. The ATM will be the popular Lamassu Bitcoin ATM machine. Lamassu boasts, No Banks. No Forms. No Wait. Fiat to Bitcoin in fifteen seconds. Lamassu ATMs are currently $6,500 if you buy 1-9 machines, or $5,500 for ten or more. Caleb Chen, a fellow writer at CryptoCoinsNews, had a first-hand experience of using a Bitcoin ATM. He described the delay of using one and explained the process. After you wait in the possibly lengthy line at the ATM for your turn, you must go through multiple steps to verify your identity. As described by Chen, New users of the Robocoin ATM need to submit a telephone number for activation and notifications, government ID, palm scan, and current photo via the ATMs webcam. After submission, the application is reviewed a Continue reading >>

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