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Bitcoin Price South Africa

Btc Zar Live Chart | Bitcoin To South African Rand Live Price

Btc Zar Live Chart | Bitcoin To South African Rand Live Price

Bitcoin Live Chart Bitcoin Price in South Africa (BTC ZAR) BTC / ZAR Bitcoin to South African Rand Price Live Chart BTC to ZAR (Bitcoin / South African Rand) Exchange Rate Live BTC / ZAR combination is one of the popular virtual currency pair in the cryptocurrency world. Get all information on the Bitcoin to South African Rand Exchange Rate including Charts, News and Realtime Price. Stockmaster.in provides the latest and most accurate Line, Candlestick and OHLC live chart and bitcoin price using an average from the worlds leading exchanges like Bitfinex, GDAX, Bitsamp, Gemini, Poloniex, Coinbase, LocalBitcoins, MonetaGo and BitSquare. In this page, you will get detailed information about BTC/ZAR currency pair. Such as live quotes / prices and real-time Daily, Weekly, Monthly, 3 Months, Yearly and historical BTC to ZAR chart. Disclaimer Stockmaster.in does not involve in trading (Buy/Sell) of Bitcoins or alternative cryptocurrencies in any manner. Cryptocurrency trading also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or qualified professional advice. The Information on this website(like live price and chart) is provided for education and informational purposes only. Continue reading >>

Watch: What Can You Buy With Bitcoin In South Africa?

Watch: What Can You Buy With Bitcoin In South Africa?

WATCH: What can you buy with bitcoin in South Africa? Business Report /4 December 2017, 09:30am/Dhivana Rajgopaul You can use bitcoin in South Africa.Photo: File DURBAN - Bitcoin is the new form of currency that is taking the world by storm. Bitcoin is actually a cryptocurrency that can used as regular money. People can buy goods, clothes and pay for holidays using bitcoin. In South Africa the price of one Bitcoin is R134 741.45. You may be surprised to know that you can use bitcoin in South Africa Here are some of the stores that you can use your bitcoin at: 1. RunwaySale is the largest fashion online shopping club in South Africa. They offer up to 70% affordable designers brands that you have exclusive accessto. The sales last for online a few days and the stock is limited, so you have to be early to get the best choices. Earthchild Clothing is a proudly South African national retailer and design house that offers clothing that is natural and made of organic cotton of the best quality and comfort. This company is the biggest smart device repairers in South Africa. weFix, formerly known as iFix, repairs and services all Apple products an some Samsung devices. the devices range from iPods, iPhones, to Macs as well as Samsung smartphones and tablets. This online shopping is the biggest e-commerce retailer in South Africa. Takealot boasts of a large product variety that is split into 23 departments. when paying with bitcoin on Takealot select instant EFT when you checkout to pay for your purchase with bitcoin. Cape Coffee Beans is an online store for the coffee lovers in South Africa. This online shop is the answer to all your coffee needs. Continue reading >>

This Graph Shows Just How Popular Bitcoin Is In South Africa

This Graph Shows Just How Popular Bitcoin Is In South Africa

This graph shows just how popular Bitcoin is in South Africa Bitcoin is seeing increasing popularity in South Africa and other frontier markets where it is viewed as a haven from political and economic turmoil. It is also increasingly becoming a means of navigating financial obstacles, like the lack of conventional banking services or limited access to foreign currencies, and even a way to skirt sanctions, according to a new report by the Wall Street Journal . Mati Greenspan, an analyst at online trading platform eToro, said there was a noticeable surge of South African Bitcoin traders on the platform amid the heightened political pressures of the last year. In South Africa, the number of new users trading bitcoin through eToro rose by 671% from January to the end of November last year over the same period in 2016, more than the 574% overall growth, Greenspan said. He said that the surge in interest began in March, when respected finance minister Pravin Gordhan was fired, increasing again in November when S&P Global Ratings downgraded South Africas local currency debt to junk status. A similar increase in interest was seen in Brazil and the Czech Republic in 2017, although neither country seemed to share the same enthusiasm for Bitcoin as South Africans according to eToros data. However the report noted that there are unique risks for South Africa and other frontier markets particularly as these Bitcoin traders typically just have less money to lose than in the developed world. This means that the recent drop in Bitcoin value was likely to hurt South Africans more than most, as the price quoted on CoinDesk fell by more than a fifth from a high of $19,343 in mid-December to $14,869 on Wednesday. Speaking to BusinessTech in November,Werner van Rooyen, head of marketing f Continue reading >>

Price Of Bitcoin In South Africa - Bitcoin Cost In South Africa - Rand Btc

Price Of Bitcoin In South Africa - Bitcoin Cost In South Africa - Rand Btc

We are often asked a lot of questions about the price of bitcoin in South Africa. The price of bitcoin is fluid, and is constantly changing 24 hours a day on bitcoin exchanges around the world. Generally people in South Africa use the USD bitcoin price as the international bitcoin price, taking that value from big exchanges such as Bitstamp, or BTC-E or Bitfinex for example. Doing a Google search for the bitcoin price will generally give you a USD price for bitcoin, and if you do a search for the Rand price of bitcoin you will simply get the Google conversion rate of that price converted from USD to Rand. This is not actually the price of bitcoin in South Africa, it is simply the converted price from USD to ZAR of the bitcoin price. This is not the same as the market rate on one of the bitcoin exchanges in South Africa, based on the supply and demand for bitcoin on that exchange. To find out the real price of bitcoin in South Africa, visit on of the local bitcoin exchange such as IceCubed or Luno . Why is the price on Google different to the price on a bitcoin exchange? The price of bitcoin on an exchange is up to what sellers are willing to accept for a bitcoin, and what buyers are willing to pay for a bitcoin. Sometimes there are sellers who want cash instantly, so they are willing to accept less for their bitcoin so will price it lower. If a buyer wants bitcoin instantly, they might be willing to pay more, so that they will get their order filled first. Sometimes an exchange will have a lot of people trying to sell bitcoin, and they will be placing lots of sell orders, which could make the price of bitcoin cheaper on that exchange, and the reverse is true too. A lot of buyers on an exchange placing buy orders, could make that exchange have a higher price to buy bitc Continue reading >>

Views - Sa Bitcoin Prices Up To 35% More Expensive

Views - Sa Bitcoin Prices Up To 35% More Expensive

SA Bitcoin Prices Up To 35% More Expensive 23 August 2017 | SA Views | Dwaine van Vuuren Many people often ask why the LUNO price we provide for Bitcoin in ZAR on our crypto page , our spots on our mobile app and our spots page does not translate to the $ price when converted using the prevailing R/$ exchange rate. This is because the ZAR price, taken from LUNO is reflective of the supply/demand situation in South Africa. Buyers of Bitcoin on LUNO have to purchase from local sellers on LUNO and vice versa. The global supply of Bitcoins is limited, with only 1,800 new Bitcoins minted per day. When the local demand outstrips local supply, the local price has to rise to coax holders to part with their Bitcoins. And as we have shown previously, South Africans dont want to part with their Bitcoin. Thus, the local price of Bitcoin in ZAR can trade up to a 35% premium to the global Dollar average taken from all major exchanges. This price deviation is called an arbitrage ("arb" for short) as shown below This high arbitrage phenomenon is prevalent in many emerging economies with limited choice of high-liquidity Bitcoin exchanges, stricter exchange controls or where access to international bank accounts is limited. Since the local supply is restricted, the arbitrage is much more sensitive to or reflective of investor euphoria which makes arbitrage a great measure of sentiment. This can provide for some great arbitrage trading opportunities, where one has dollars on an exchange offshore and Bitcoin on LUNO, one can buy the cheap Bitcoin in dollars offshore and sell them on Luno for a higher price and guaranteed profit. We normally pencil in at least 5% "friction" on the trade to cover slippage, transaction costs etc, which means arbitration needs to be at least above 10% to make Continue reading >>

Dummies' Guide To Buying Bitcoin In Sa

Dummies' Guide To Buying Bitcoin In Sa

Johannesburg - In the space of a year, the value of the worlds most popular cryptocurrency Bitcoin has soared by over 2000%. This exponential increase has created a rare and volatile investment opportunity. In December last year, one Bitcoin was worth about R11 000, but by 12:30 on Thursday, it had gone up to R234 998. READ: Bitcoin bursts to $12 000 as futures move closer to reality Earlier this year, the decentralised digital currency plunged by 18% after a consistent rise, as news began to leak that it had attracted the attention of regulators in China. When the Chinese government shut down two Bitcoin reserves, the currency was devalued before recovering to an all-time high of over R200 000. For South Africans looking to take a gamble on the cryptocurrency, which has become larger than the GDP of some nations, investing in Bitcoin is simpler than you may think, with very few steps involved. For those unfamiliar with the currency, you don't have to purchase Bitcoin as a single, whole unit but can do so in fragments. South Africans can start investing in Bitcoin from as little as R10. How to buy or sell a piece of Bitcoin using a smartphone - On either an iOS or Android device, search for the Luno app within the app store. - In Luno, select deposit money, which will lead to unique EFT deposit details with a unique Reference Number. - Using various South African online banking platforms, make the deposit for an amount of between R10 and R14 000. - Once deposited in the Luno wallet, select Buy Bitcoin and choose the amount to be deducted and used to purchase Bitcoin. - The Luno app allows users to track the price of the currency in rand throughout various time periods by means of graphs. - To sell currency, select Sell Bitcoin and enter the rand amount to be sold. The Continue reading >>

Bitcoin Is Trading At A 40% Premium In Africa Heres Why

Bitcoin Is Trading At A 40% Premium In Africa Heres Why

Bitcoin is Trading at a 40% Premium in Africa Heres Why This week bitcoin surpassed $19,000 on global exchanges, with the exception of one continent Africa. Customers of the worlds second largest and second most populous continent were already paying that much per coin back in November. Prices at Africas Golix.com exchange have been 40% higher than the rest of the word for months. Now news.Bitcoin.com can reveal why. Also read: European Union Terror Fears Drive New Crackdown on Bitcoin Across Member States On November 15, it was revealed that Zimbabweans were paying $13,500 for bitcoin, a sum that was described at the time as eye-watering. Last months expensive bitcoin is this months cheap bitcoin, and the intense demand for the digital currency has since pushed it to over $19,000 globally as of this writing. The premium thats been in place at the continents Golix exchange remains in place though. As a consequence, one bitcoin there is currently trading for around $32,000, down slightly from a peak of $34,000. Whos talking about us? runs a banner on the homepage of Golix alongside logos for media organizations that include CNN, CNBC, Reuters, and news.Bitcoin.com. Everyone in bitcoin is talking about Golix and theyre all asking the same question why? Why is it so expensive to acquire the virtual currency in Africa? The answer comes from a recent blog post on Golix which outlines the factors that have contributed to the premium price. Bitcoin has always traded higher in nations such as Zimbabwe, South Africa, and Nigeria apparently, but previously only by around 10%. One reason why buyers will pay over the odds for their cryptocurrency in Africa is due to a lack of liquidity. When theres a shortage of sellers, its easy for players to set higher prices in the knowledge t Continue reading >>

Bitcoin Price History. In Both South African Rands And Us Dollars - South African Market Insights

Bitcoin Price History. In Both South African Rands And Us Dollars - South African Market Insights

Blog: 10 December 2017 (Bitcoin price history in both US Dollars and South African Rands) Probably one of the most talked about topics on markets in 2017 is Bitcoin. With thousands upon thousands of people being drawn into investing in Bitcoin with the lure of making exceptional returns in a very short period of time. The graphic below takes a look at the share price history of Bitcoin in both South African Rands and US Dollars The magical rise in the price of the world's best known "cryptocurrency" The graphic below shows the astronomical rise in the price of Bitcoin, the world's best known cryptocurrency. The graphic shows both the price increase in Bitcoin in US Dollars and in South African Rands. For those not comfortable playing with the interactive chart above, the two images below shows the price movement in Bitcoin for the Year to Date and for the last 30days. And in both instances it is clear that it seems to be an uninterruptedprice increase in Bitcoin. Such behaviour is extremely unhealthy and regular corrections are required in order to sustain long term price growth, as corrections weeds out speculators and chancers. Latest news in the Bitcoin world, is that Bitcoin futures will be launched soon, which will allow market participants to bet against the rapid price growth in Bitcoin, making market participants in Bitcoin weary that the big expected bursting of the Bitcoin bubble might be fast tracked with the introduction of these futures. This article from Bloomberg below discusses the Bitcoin futures mentioned earlier: "The intersection of digital money and traditional finance is at 400 South LaSalle Street in Chicago this weekend. Thats where trading in bitcoin futures opens Sunday evening, as the first major U.S. exchange offers a product pegged to the w Continue reading >>

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

South Africa, a country home for some of the most innovative startups in the world, is set for the next fintech and blockchain revolution. According to Disrupt Africa , a leading startup news platform, most of the innovations in the year 2017 will be focused on mobile payments, digital banking, Bitcoin, SME financing, data analytics, real estate and automation solutions. Interestingly, all these areas present an opportunity for the implementation of blockchain technology. [TOC] Blockchain could be the most significant social and political innovation to impact Africa in 100 years. Arian Lewis, Head of Open Innovation at Barclays. Its no secret, in South Africa and Nigeria, banks are wanting to be phone companies and in Kenya, one phone company is already the bank it is called MPesa . African banks have been a bit late to the fintech party, but since mobile phones have made such a huge impact on the financial industry in the African countries, banks are looking at this continent to test out new technologies like Bitcoin and Blockchain. To give you some perspective, MPesa, a peer-to-peer mobile money platform, owned by Kenyas Safaricom and heavily funded by Silicon Valley giants has forever changed the way people do money transactions in East Africa. They provide merchants in Kenya to accept payments through mobile phones. This has lead three-quarters of Kenyas adult population to register as MPesa users and nearly one third of the countrys GDP is now transacted through MPesa. Increasing penetration of smartphones in all of Africa is only going to further benefit MPesa and the likes in future. Interestingly, MPesa was founded by three Americans, who came up with the idea on a whiteboard in a Seattle basement, before bringing it to Kenya. African technology companies absol Continue reading >>

Bitcoin Price For Friday 9 February: Experts Positive As Currency Holds Firm

Bitcoin Price For Friday 9 February: Experts Positive As Currency Holds Firm

Bitcoin price for Friday 9 February: Experts positive as currency holds firm The volatile world of cryptocurrency investment is one hell of a rollercoaster ride. It has seen both astronomical highs and cavernous lows in the last two months, and Bitcoin price varies from the sublime to ridiculous on a daily basis. Were tracking its value day by day. The blockchain technology has endured a terrible 2018, but keeps showing signs of a fightback. Some analysts say this is a perfect time to invest, but national governments are now beginning to clampdown on digital cash. Heres how it is currently performing: Although the value took a slight tumble from Thursday , market experts remain positive that Bitcoin is on an overall upwards trajectory: The graph, courtesy of cryptonews.com, charts a steady two-day rise for the currency. Although Bitcoin price is down from yesterday, it seems to be over the worst of its recent slump. Dan Morehead is founder and CEO of Pantera Capital, a hedge fund and investment firm that works exclusively in cryptocurrency and blockchain technology. He told CNBC that It seems like another couple of weeks and everything will be normal and [bitcoin] can start growing back up again. Ethereum: One unit = $840 /10,185 Up by $36 / R485 Ripple: One unit = $0.77 / R9.29 No change in value Litecoin: One unit = $144.51 / R1,752 Up by $2.31 / R28 Its a digital currency that can be transferred from one electronic device to another. Its like sending money via email. Its completely decentralised, meaning that there are no banks involved and no charges for sending or transferring money. A quick google search for Bitcoin exchanges will bring you to websites that will allow you to swap some of your money for an amount of the currency. Continue reading >>

Ice3x Bitcoin Exchange South Africa

Ice3x Bitcoin Exchange South Africa

Create your free iceCUBED account on the bitcoin exchange & start trading bitcoin today! Bitcoin is Internet Currency. As a currency, bitcoin does not suffer from the limitations of physical "FIAT" currency, and has greater flexibility and security, with the transaction cost far lower than similar solutions. Bitcoin is totally secure and the network has never been breached. The Bitcoin network was created in 2008 by Satoshi Nakamoto. The idea is that merchants can accept bitcoin with minimal investment in resources and benefit from exposure to new markets as well as a reduction in the transaction charges they pay with traditional payment methods. Litecoin is similar to Bitcoin, but also the closest direct competitor. The main difference being the fact that Litecoin mining is currently resistant to ASIC hardware which means it can be generated with GPU's. Litecoins are sent and received faster than bitcoins. Litecoin was originally conceived and developed by Charlie Lee in 2011. Since its launch in 2011 Litecoin has seen steady adoption with an active community of traders, merchants, and developers. Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. "Ether" is the tradable Token that fuels the Ethereum network. Commonly associated with Bitcoin, "blockchain technology" has many other applications that go way beyond digital currencies. Ethereum is one such technology which has reached a level of maturity. The easiest and safest way to buy bitcoin in South Africa is through a registered bitcoin exchange . There are many risks when buying or selling bitcoin privately, which is why trusted exchanges are very popular. iceCUBED X have bee Continue reading >>

Bitcoin Price Chart South African Rand(btc/zar)

Bitcoin Price Chart South African Rand(btc/zar)

Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko is not responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at Like what we are doing? Donations are welcome! Continue reading >>

Bitcoin South Africa

Bitcoin South Africa

No account verification, identity checks or proof of residence Welcome to the Bitcoin ZAR website, a place for people living in South Africa who are interested in Bitcoin. Before you start, please Join our bitcoin community for South Africa on Facebook and twitter , to keep up to date with our daily bitcoin news and information. We are glad you have decided to become part of the Bitcoin revolution in South Africa and around the world. Start accepting and making payments in Bitcoin almost immediately, and introduce customers, friends and family to Bitcoin so that you have a network of people you can transact with locally and internationally. Does your business accept bitcoin as a payment method for products or services? bitcoin allows for the first time ever, any human being anywhere on the planet, to be able to send and receive any amount of money, with anyone else on the planet, without having to ask for permission from any bank, corporation, or government. This can be done almost instantly, for virtually no cost, regardless of the amount of money. Bitcoin is an online payment system invented by anonymous user Satoshi Nakamoto, who published his invention in 2008, and released as open-source software in 2009. The bitcoin system is peer-to-peer, and users can transact directly with each other all over the world almost instantly, without needing an intermediary such as a bank, Western Union, Moneygram, Paypal or any other company. The bitcoin system works without a central repository or single administrator, so is the worlds first decentralized digital currency, and it is the largest of its kind in terms of total market value. There is no company or entity controlling bitcoin. Bitcoin as a form of payment for products and services has grown, and merchants have an incent Continue reading >>

If Youre Freaking Out About Bitcoins Price Drop, These Graphs Will Make You Feel Better

If Youre Freaking Out About Bitcoins Price Drop, These Graphs Will Make You Feel Better

If youre freaking out about Bitcoins price drop, these graphs will make you feel better The price of Bitcoin has dropped sharply in the past seven days, which has got cryptocurrency investors worried. Following Bitcoin reaching a high of$7,700 last week, the token dropped to a low of$5,600 this past weekend. The price drop has been linked toBitcoin players suspending a plan to increase the block size in the Bitcoin blockchain throughSegWit2X. Following the plans suspension, Bitcoin saw a relatively large sell-off, with investors moving to alternative cryptocurrencies such as Bitcoin Cash. Conversations on cryptocurrency sites and social media have discussed what the failure to implementSegWit2X means for Bitcoin, with many stating this is the beginning of the end for Bitcoin. Bitcoin Cash developer Juan Garavaglia even went so far as to say Bitcoin was unable to execute, has a poor roadmap, and is disconnected with market needs. Whether the suspension ofSegWit2X is an axe blow to Bitcoins future remains to be seen, but what is certain is that the cryptocurrency has suffered big price drops before and recovered. In the world of cryptocurrency, massive upward or downward movements are commonplace, with a daily increase of 140% not unheard of. The fast gains and continual upward movement of Bitcoin this year means that any drop may be seen by investors as disastrous, particularly those who have purchased cryptocurrency for the first time in 2017. If you are new to Bitcoin, or an experienced investor who wants a reassuring voice, the graphs below put the recent price drop into perspective. The Bitcoin price drop from 6-13 November 2017. A 1-month view shows Bitcoin above its levels at the middle of October. Bitcoin has seen huge gains over the past year, up over 800% on lo Continue reading >>

Bitcoin Popularity Surges In South Africa Amid Political, Economic Turmoil

Bitcoin Popularity Surges In South Africa Amid Political, Economic Turmoil

Bitcoin Popularity Surges in South Africa Amid Political, Economic Turmoil Bitcoins popularity is soaring in South Africa where it is being viewed as a safe-haven from increasing political and economic uncertainty. South Africa: Economic Uncertainty Boosts Bitcoin The issue of land reform in South Africa has become a source of concern following the election of new president Cyril Ramaphosa last month.It remains a highly-politicized topic along racial lines even twenty years after apartheid ended. Now Ramaphosas party, the ruling African National Congress (ANC), has vowed to change the constitution, allowing white-owned property to be taken without compensation and redistributed to blacks who do not own any farmland. This promise has unnerved Goldman Sachs and, in particular, Moodys, a global agency, which provides international financial research on bonds issued by commercial and government entities. Last Wednesday, the newly elected president reassured the economic ratings firm that such a move would not have a negative affect on South Africas economy. President Ramaphosa reaffirmed that accelerated land reform will unfold within a clear legal framework and without negatively affecting economic growth, agricultural production and food security, the presidency said in a statement. Adding to the concerns are other economic problems including a high unemployment rate of over 25%, the recent demise of the countrys VBS Mutual Bank amid a severe liquidity crisis, as well as the highest rate of economic crime (77%) in the world, according to PwCs biennial Global Economic Crime Survey . Bitcoin Viewed as a Haven Amid Economic Turmoil But to those who have been into Bitcoin since the Cyprus banking crisis of 2012-13 (not to mention the resulting spike in BTC price ), South Afr Continue reading >>

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