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Bitcoin Atm Johannesburg

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 >>

Cryptocurrency Atm To Open In Joburg

Cryptocurrency Atm To Open In Joburg

Users of the unregulated currency will soon be able to buy cryptocurrencies and exchange it for cash at the country's only cryptocurrency automated teller machine. Users will be able to buy or exchange cash for cryptocurrencies without a bank account at the ATM. The first ATM of its kind to be installed in three years is set to open at the Northwold Spar in Johannesburg before Sunday. The shop's general manager George Neophytou says he hopes this will bring the currency into the mainstream. Neophytou says the installation of the ATM is only the first step as he plans to have stores also accept cryptocurrencies as a method of payment. The shop will take steps to prevent fraud and money laundering since the currency is not regulated by any organisation or government. The Hawks confirmed in March that they are investigating a Bitcoin scam potentially involving thousands of victims. "Everything is above board, everything is legal to the best of our knowledge, and we are trying to comply with everything - we are not doing this to get anyone in trouble." Content hosted by iono.fm Medics in Durban are being hailed as heroes for rescuing a newborn baby ... Continue reading >>

Sas First Cryptocurrency Atm Will Open In Johannesburg By The End Of This Week

Sas First Cryptocurrency Atm Will Open In Johannesburg By The End Of This Week

SAs first cryptocurrency ATM will open in Johannesburg by the end of this week Billboard outside the Northwold Spar in Johannesburg (LinkedIn) South Africas first cryptocurrency ATM, able to process Dash, Ethereum, Bitcoin and others, will open at Northwold Spar, Johannesburg, by the end of this week. Users will be able to buy and sell cryptocurrencies at the ATM, and exchange cash for cryptocurrencies without a bank account. There are an estimated 3,000 Bitcoin ATMs globally in 68 countries, including Zimbabwe and Djibouti in East Africa. South Africas first cryptocurrency ATM, able to process Dash, Ethereum, Bitcoin and others, will open at Northwold Spar in Johannesburg by the end of the week. It is all awfully exciting, says George Neophytou, Northwold Spar general manager, who leads the project to install the ATM. Users will be able to buy cryptocurrencies at the ATM, and exchange cash for cryptocurrencies without a bank account. It will take away much the frustration of buying and selling cryptocurrency, and hopefully help make cryptocurrencies mainstream, Neophytou says. Location of the Northwold Spar in Johannesburg (screenshot) There are an estimated 3,000 Bitcoin ATMs globally in 68 countries including Zimbabwe and Djibouti in East Africa. A similar cryptocurrency ATM, which was only able to process bitcoin payments, closed down in Midrand three years ago. A cryptocurrency ATM costs anything between around R100,000 to R170,000. Neophytou, a crypto-trader himself, says he got the idea for the South African cryptocurrency ATM while travelling in Europe. Its a different world there, explains Neophytou. Walking around in the streets of Germany you see signs with Bitcoins accepted there. He says that they finalising the Ts and Cs before launching the cryptocurrenc Continue reading >>

Bitcoin Atms To By-pass Crypto-currency Exchanges | Itweb

Bitcoin Atms To By-pass Crypto-currency Exchanges | Itweb

Bitcoin ATMs to by-pass crypto-currency exchanges According to Coin ATM Radar, there are over 3 000 Bitcoin ATMs globally. Bitcoin ATMs will enable users to by-pass the flourishing crypto-currency exchanges in the South African market. This is according to industry players and analysts after Israeli-based Bitcoin ATM maker, Virtual Crypto Technologies, this week entered an exclusive distribution agreement with third-party company, Virtual Crypto SA, to begin selling Virtual Crypto's products in the Southern African region. Virtual Crypto is a developer of software and hardware for crypto-currency via point-of-sale systems, ATMs, tablets, PCs and mobile devices. In June, Virtual Crypto unveiled its NetoBit ATM, a bi-directional platform that enables users to sell Bitcoin in contrast with most Bitcoin ATM platforms, which only allow the purchase of the digital currency. The company claims NetoBit ATM is the world's first and only ATM that allows real-time conversion, purchase and sale of Bitcoin. The product, which already supports most common currencies, is available for purchase globally. NetoBit ATM is the second product in Virtual Crypto's NetoBit software and hardware products portfolio. In April 2018, the company launched its first product, NetoBit Pay, a retail point-of-sale device that enables businesses to receive payments in Bitcoin in real-time. According to Coin ATM Radar , there are over 3 000 Bitcoin ATMs globally. In SA, a Johannesburg-based Spar outlet in May unveiled a crypto-currency ATM. The machine originally launched in SA in 2014 to offer Bitcoin purchases. It allows users to purchase digital currencies like Bitcoin, Litecoin and Ethereum with the South African rand. Virtual Crypto recently completed development of its fourth crypto solution for the Continue reading >>

South Africa To Receive Its First Cryptocurrency Atm

South Africa To Receive Its First Cryptocurrency Atm

South Africa to Receive Its First Cryptocurrency ATM Rebecca Campbell May 15, 2018 3:00 pm South Africa is the receive its first cryptocurrency ATM by the end of this week, highlighting the increasing interest the market is experiencing in the country. The ATM, which will be installed atNorthwold Spar in Johannesburg, will be able to process a number of digital currency tokens such as bitcoin and ethereum, reports Business Report . According to George Neophytou, General Manager of the Northwold Spar, many people have been wondering how they can get access to cryptocurrencies, adding: Lots of people in South Africa are also in the cryptocurrency space and lots of South Africans are watching it. However, not all individuals have access to it. Neophytou, who has been involved in the digital currency space for some time, hopes that this cryptocurrency ATM will bring about the change needed, giving those who dont have access to a bank account access to different digital currencies. To get involved users will scan their cryptocurrency wallet where they can buy digital currency that then gets transferred into their hot wallet. The ATM will be set to a limit ofR50 at a time. Due to the interest that is being seen in South Africa, this will be the first cryptocurrency ATM trial inJohannesburg. Depending on how well it goesNeophytou added that they will roll out more ATMs in the future. News of this comes at a time when Zimbabwes central bank has taken steps to ban local banks from trading or processing transactions linked to cryptocurrencies. However, it hasnt banned local cryptocurrency exchanges, according to Reuters . Yesterday it was reported that theReserve Bank of Zimbabwe Governor John Mangudya said: The Reserve Bank has directed all banking institutions not to provide b Continue reading >>

Bitcoin Atm Installed In Johannesburg Was Infact The First

Bitcoin Atm Installed In Johannesburg Was Infact The First

Bitcoin ATM Installed in Johannesburg Was Infact The First At the beginning of the week, we have read several articles about the latest Bitcoin ATM installed in South Africa. My Broadband originally reported that it was not the first ATM in Johannesburg or another South African city. The reality is that this is the same ATM which has been installed in 2014, but it has been re-deployed by the same company. Vendibit, a leading company in the crypto ATM sector, has re-deployed the first bitcoin ATM in the South African country. The company announced that it has re-installed a crypto ATM at Northwold Junction Shopping Centre in Randburg, outside Johannesburg. South Africans have been very interested in the virtual currency market. Indeed, individuals remained updated on the latest news in the cryptocurrency world. According to google trends, South Africa registered the highest interest for Bitcoin all over the world, even more than countries like Japan, South Korea or the United States. We were able to contact Daniel Cappiello, in charge of the installment of the Bitcoin ATM. Mr. Cappiello is Vendibits senior consultant and founder of Copencoin, a Danish enterprise which is located in Denmark and provides Bitcoin ATMs to the market. The rapid spread of blockchain technology and Vendibit VTM machines are proof that the public is demanding access to the future, today. Most people are becoming familiar of blockchain and cryptocurrencies thanks to names like Bitcoin, Litecoin, and Ethereum. With the new ATMs people will be able to buy Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) with cash or a smartphone. As this is the first ATM in South Africa it is expected to be profitable and provide access to the market to several individuals. The VTM machines allow customers to buy Continue reading >>

Upscale Johannesburg Barbershop To House Africas First Bitcoin Atm

Upscale Johannesburg Barbershop To House Africas First Bitcoin Atm

Posted by Steve Shanafelt at May 21, 2014 in News Comments Off on Upscale Johannesburg barbershop to house Africas first bitcoin ATM Image source: As bitcoin ATMs begin to pop up in major cities across the globe, one entire continent is still untouched: Africa. If ZABitcoinATMs plans pan out, however, this should be changing later this month. The companys Lamassu-made ATM is scheduled to arrive in Johannesburg, South Africa, by the end of the week, and will be set up at bitcoin-accepting upscale barbershop Metroman in the Kyalami area. IF ZABitcoins move is successful, additional ATMs may soon sprout up in other locations across the country, and perhaps even other regions in Africa. South Africa is relatively wealthy and cosmopolitan by comparison to many of its neighbors, and the launch of the countrys first bitcoin ATM in an upscale shop in major metropolitan area doesnt exactly signal the beginning of the much anticipated push to bring bitcoin into the economically disenfranchised, unbanked population in the continents poorer regions. That said, it is a start. As weve noted previously, Africas population faces some of the highest remittance fees in the world . A report published earlier this year by the Overseas Development Institute (ODI) found that Western Union was charging as average fees of 12% to send $200 to locations in Africa, and characterized the fees as a super-tax on Africans sending money home. While the ZABitcoinATM project isnt intended to reach that market, it might just create a foothold for bitcoin on the continent, allowing bitcoin use to grow. Continue reading >>

Sas First Crypto-currency Atm To Open In Joburg

Sas First Crypto-currency Atm To Open In Joburg

Home Business SAs first crypto-currency ATM to open in Joburg SAs first crypto-currency ATM to open in Joburg Business Insider reports the ATM will be able to process Dash, Ethereum, Bitcoin and other crypto-currencies. Users will be able to buy crypto-currencies at the ATM, and exchange cash for crypto-currencies without needing a bank account. Northwold Spar Manager George Neophytou, who led the project to install the ATM, told the publication that it was exciting. It will take away much the frustration of buying and selling crypto-currency, and hopefully help make crypto-currencies mainstream, Neophytou was quoted as saying. READ MORE: Is online trading the key to riches in SAs economy? There are an estimated 3000 Bitcoin ATMs across the world in 68 countries, with the USA leading the pack. Zimbabwe and Djibouti are two African countries that already boast this ATM. According to Business Insider, a similar crypto-currency ATM, which was only able to process Bitcoin payments, closed down in Midrand three years ago. It has been reported that the ATM costs R100000-R170000. Neophytou, who is also a crypto-trader, came up with the idea while travelling in Europe. Its a different world there. Walking around in the streets of Germany, you see Bitcoins accepted there signs everywhere, he said. He told the publication that they were finalising the terms and conditions before launching the ATM. He said they are doing everything by the book, even though the South African Revenue Service doesnt officially regulate cryptocurrencies in South Africa. However, the profits from crypto-currencies are still liable for tax. Continue reading >>

Bitcoin Atm Comes To South Africa

Bitcoin Atm Comes To South Africa

Residents ofJohannesburg, South Africa will have the ability to purchase bitcoin with cash come this weekend, with the launch of one of Africas (if notthe first) bitcoin ATMs. As you may be aware, the continent of Africa is severely underbanked (with an estimated 135 million people not banked at all), and many in the bitcoin community have argued that bitcoins presencein Africa could very well have a positive impact on the population. The machine is manufactured by Lamassu, and will serve as more of a vending machine than an ATM in that bitcoin-to-cash functionality is not included. [ot-video type=youtube url=The device will be accessible toJohannesburg locals at theMetroman Mens Salon, which is just adjacent to theKyalami Grand Prix Circuit race track. The device can be used any time after 9 AM local time. Lamassus business operation continues to grow with a network of over 250 machines sold inits first year of operation. These machines are operating in 45 different countries, amazingly enough. Lamassu has recently spiced up their offerings by recently releasing open source software to the operating network of machines , which will allow developers to build custom apps for the platform. In addition, the company also released a stand for their product in the past few months which will enable two-way functionality . That is, allowing consumers to both buy and sell bitcoin. Source : Continue reading >>

The Rise Of Bitcoin Atms In Africa

The Rise Of Bitcoin Atms In Africa

The world of the decentralized economy has no change than what we are living for so long. Yes, as soon as cryptocurrency or bitcoin emerged in early 2008, people just seemed bent on jumping over digital currency bandwagon. As such, we see the emergence of cryptocurrency exchanges, cryptocurrency wallets, crypto News media, mining pools, Bitcoin ATMs and much more. In this regard, Bitcoin or cryptocurrency ATMs are gearing up across all countries throughout the world. Seeing Africa as the major hub for cryptocurrency market, there are significant growth and awareness of Bitcoin and Bitcoin ATMs. In a core of cryptocurrency market, Bitcoin ATMs are the internet-connected kiosk, enabling people buying virtual currency (bitcoin) via hard cash. However, few machines also enable selling of Bitcoins but a quite difficult find. Bitcoin ATMs consists of QR code scanner, a cash dispensary, and a computer that manages transactions. Above all, it also consists transaction fees which can vary from one provider to another. Bitcoin ATMs consists of QR code scanner, a cash dispensary, and a computer that manages transactions. Nevertheless, the limit of the transaction is another constraint you need to focus while transacting via Bitcoin ATMs. Few ATMs never let you cross a certain limit, and this is due to local regulations of the country. According to the sources and reports, 2013 was the year when the first Bitcoin ATM was installed in Canada. Since then various firms are striving to catch up the emerging crypto world. The latest ATM chart by coinatmradar notes that there are 3754 Bitcoin ATMs in total, installed around the world. When it comes to Africa, there are 4 Bitcoin ATMs in total that supports major cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dash, Litecoin, Zc Continue reading >>

First African Bitcoin Atm In Joburg | Itweb

First African Bitcoin Atm In Joburg | Itweb

Lamassu's Bitcoin ATMs use QR codes for users to access the crypto currency. A local company is set to launch what is claimed to be Africa's first Bitcoin ATM, in what it bills as a move to encourage the currency's use among consumers and retailers. Tremendis Learning - an IT training and recruitment company - will next week unveil a Lamassu Bitcoin ATM machine at MetroMan, a hair salon and life coaching centre based in Kyalami. Users can scan a Bitcoin QR code, insert cash and will then be able to trade the currency. Rolf Deppe, a partner at Tremendis Learning, says Kyalami was chosen because "MetroMan accepts Bitcoin for all its services. We are also doing work with other business owners in the same complex to accept Bitcoin as payment." Deppe notes that introducing ATMs will help consumers and retailers that are stuck between a rock and a hard place. "If someone has Bitcoin, they do not know where to spend it, and if merchants accept Bitcoin, they struggle to get customers [who are] willing and able to pay with it." The new ATM, says Deppe, could go a long way in bridging that gap. SA has 29 companies which accept Bitcoin payments, according to Coinmap - a Web site that tracks and maps businesses' crypto currency. MetroMan is one of six companies using the currency in Gauteng, according to the site. Despite the slow uptake of the crypto currency across the continent, Neil Croft - owner of Mahala Mobile and founder of local currency Madibacoin - says it is "never too early" to launch the machines. "If anything, it will create exposure to Bitcoin for those who have never heard about it." Croft adds that exposure does not mean people will be quick to adopt the currency. He recently announced plans to launch Madibacoin in the coming months, targeting SA's cellphone user Continue reading >>

Sa's First Cryptocurrency Atm Comes To Joburg

Sa's First Cryptocurrency Atm Comes To Joburg

SA's first cryptocurrency ATM comes to Joburg Economy /15 May 2018, 10:40am/Zeenat Vallie A Bitcoin ATM is seen in Hong Kong, Friday, May 11, 2018. Bitcoin is the world's most popular virtual currency. (AP Photo/Kin Cheung) CAPE TOWN - South Africas first cryptocurrency ATM will be installed at Northwold Spar in Johannesburg by the end of this week. The ATM which was imported from Portugal will be able to process various forms of cryptocurrency tokens including Ethereum and Bitcoin. According to General Manager of Northwold Spar, George Neophytou who has been in the cryptocurrency space for a long time, many people wonder how they can get their hands on cryptocurrency. Lots of people in South Africa are also in the cryptocurrency space and lots of South Africans are watching it. However, not all individuals have access to it, said Neophytou. This ATM hopes to change that and make cryptocurrency accessible to individuals who do not have a bank account. Neophytou said that individuals simply have to scan their cryptocurrency wallet and purchase cryptocurrency which will then be transferred into their hot wallet. When asked where individuals can open a hot wallet, the manager and cryptocurrency enthusiast said that there are several reputable companies such as Luno and Wirex. We decided to launch a trial at Spar and if it goes well then we will roll out more ATMs, said Neophytou. He added that the ATM has a set limit of R50 so users can transfer a minimum of R50 at a time. Although this new venture is exciting, Neophytou warned that individuals should do their research and be aware and understand what they can get and also what they can afford to lose. Continue reading >>

Sas First Cryptocurrency Atm To Open In Johannesburg

Sas First Cryptocurrency Atm To Open In Johannesburg

Johannesburg will soon be home to the countrys first cryptocurrency ATM, Business Insider reports. The ATM, which will be located at the Northwood Spar, is expected to launch by the end of the week, withBusiness Insider reporting that it will be able to process Dash, Ethereum, Bitcoin and others. George Neophytou, General Manager of Northwood Spar is also the man behind the development, and according to Weetracker , was inspired by his travels in Europe. Walking around in the streets of Germany you see signs with Bitcoins accepted there, Neophytou says. According to the same report, the only thing holding up the launch of the ATM is the regulations behind trading virtual currency, and although not supported by the South African Revenue Service (SARS), Neophytou is confident that his ATM will be legitimate. He says that they are finalizing the Ts and Cs before launching the cryptocurrency ATM doing everything by the book, we dont want anything to be done under the cover. If someone gets cryptocurrencies from this ATM, they must know that it is safe to use. There are an estimated 3,000 Bitcoin ATMs globally in 68 countries, including Zimbabwe and Djibouti in East Africa. Cryptocurrency ATMs allow users to purchase digital currency such as Bitcoin tokens, for example. The user deposits cash (via paper currency) and the cryptocurrency is transferred to the users Bitcoin wallet. The wallet can be on the users phone or can be a printed piece of paper with a wallet address, and most often the users wallets QR code is required. Continue reading >>

Johannesburg Gets A New Crypto Atm, Ban Threatened Harare May Lose One

Johannesburg Gets A New Crypto Atm, Ban Threatened Harare May Lose One

Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One A new crypto teller machine is now operational in South Africas largest city, Johannesburg. The ATM, which supports several digital coins, has been installed at a supermarket in the north-western part of the citys metro area. It is the latest addition to a growing number of terminals offering automated crypto-fiat exchange services in the country and across the continent. Not all is rosy in the region, however. A crypto ban in neighboring Zimbabwe may deprive Harare of its bitcoin ATM. Nevertheless, crypto teller services are spreading in Africa. Multicurrency ATM Installed in a South African Supermarket The Republic of South Africa, the continents economic powerhouse, and neighboring Zimbabwe, one of Africas most troubled nations, have at least one thing in common the growing interest in cryptocurrencies, although under different circumstances. In recent years, both countries have been experiencing their own versions of crypto development. The process has led to improved access to the crypto ecosphere but now their paths may diverge again. A South African outlet reported this week that the nation has got its first cryptocurrency ATM in its largest city. The teller machine has been installed at a store in Northwold, part of one of the biggest retail chains in the country Spar. The automated terminal is a multicurrency device, according to Business Insider South Africa. Customers can buy bitcoin (BTC), ethereum (ETH) and litecoin (LTC) with fiat cash. Unfortunately, it supports one-way transactions, which means only purchases of cryptocurrency are available. Of course, the first is almost always a doubtful label. Unsurprisingly, right after the report came out, the breaking news information was corre Continue reading >>

Cryptocurrency Atms Coming To Sa

Cryptocurrency Atms Coming To Sa

South Africa is due to get its first cryptocurrency ATM this week, despite the countrys lack of knowledge about it among the population. But the businessperson behind the ATM hopes to expose more people to the world of digital currencies and give them an opportunity to add some bitcoin, dash, etherium, or others to their digital wallets. According to Northwold Spar general manager George Neophytou, the biggest problem with cryptocurrency adoption in South Africa is that people do not have enough knowledge about it. There are still only 1 200 businesses in the country who accept it. Neophytou, however, was optimistic about the new venture, which is being installed at the Northwold Spar in Johannesburg. Neophytou said: There are currently seven machines on their way and two in the country right now. With this new ATM machine, I am giving more people a chance to come and transfer some money, put it into their wallet and become part of the new generation. With about 3 000 bitcoin ATMs globally, Neophytou also noted the importance of gaining more knowledge about cryptocurrencies. The big problem with cryptocurrency is that people cant see it. Its something that is in the air. When one tries to explain to somebody that you have R10 worth of bitcoin on your cellphone, they only see their physical R10 as more valuable, he said. Neophytou added the new ATM machine served as a platform for people to see cryptocurrency as part of their reality. Its just like anything on the stock exchange. It goes up and it goes down. Cryptocurrency is the financial decision that everybody has to make on their own and its a personal decision, he said. Economist Dawie Roodt was excited about the project, saying South Africans were ahead of the curve with cryptocurrency. Continue reading >>

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