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Bitcoin South Africa

How Do I Buy Bitcoins With South African Rands?

How Do I Buy Bitcoins With South African Rands?

Have you tried exchanging ZAR for dollars, euros, or pounds? Nick ODell Apr 11 '13 at 16:22 Whats the easiest way to convert Rands to USD, GBP or EUR? Jake Apr 12 '13 at 7:26 @Jake, I'm South African too, how much profit have you made on your investment thus far? pythonian29033 Jun 30 '16 at 11:20 If you want to buy bitcoins with ZAR try trading face to face with some SA locals who have bitcoins. Check out the facebook.com/bitcoinzar page to find other locals who are into bitcoins. You can also try localbitcoins.com where locals trade coins. You could also sell something for bitcoins to get bitcoins, use bitpay for that. Check out www.bitcoinzar.co.za too for some SA businesses that accept bitcoins, maybe they will trade some with you. This is actually an excellent answer. Bitcoinzar is a South African site. They actually link to localbitcoins.com, on which I easily found three people willing to sell Bitcoin for ZAR just by searching for "South Africa." Dane Jun 14 '13 at 14:16 ICE3X is a new and improved site for South Africans. Buy and Sell: Bitcoin (BTC) / Litecoin (LTC) / Rand (ZAR). Links directly to your South Africa bank account. Fast and Direct EFT transfers to our Bank Account, currency storage and quick trading. I will list some methods I have used to purchase Bitcoins as a South African resident: 1) Peer to peer exchanges- LocalBitcoins, Paxful.com- Purchase Bitcoins directly from peers using these platforms. Use one of the many payment methods offered by local traders, this includes- EFT, Cash Deposit, eWallet, eBucks, Cash in person, Neteller, Paypal, Skrill and many more. Beware of potential scams and trade with traders with reputable score and only with non reversible payment methods. 2) Centralized exchanges- BitX.co & ice3x- The most popular centralize Continue reading >>

South Africans Love Bitcoin, But Are Cautious To Invest

South Africans Love Bitcoin, But Are Cautious To Invest

South Africans Love Bitcoin, But Are Cautious to Invest Despite a friendly disposition to Bitcoin and tangible adoption, South Africans are not investing much in crypto In a recent survey done in South Africa on the amount of money that South Africans were investing in Bitcoin and Ethereum, results were surprising - for a country that is at the forefront of a cryptocurrency revolution. The amount of money thats being invested directly into Bitcoin and Ethereum from South Africans is on average less than $380 from each investor. From the finance minister being positive, yet cautious, about Bitcoin, to large food stores and online retailers adopting Bitcoin, South Africa is a real haven for Bitcoin. Malusi Gigaba, the Minister for Finance in South Africa, has said that Bitcoin and related cryptocurrencies, and Blockchain technology, has a lot of potential in his country . Meanwhile, the South African Central Bank has also put forward sandbox experiments for cryptocurrencies, in order to test how viable they can be in the economic landscape in South Africa. With such a positive outlook from the government, theres been a spur of interest from citizens, as a recent look at Google trends showed South Africa topping the pile for searches surrounding cryptocurrency. This keen interest has seen one of the biggest grocery and food stores, Pick n Pay, also experiment with Bitcoin to see if it can be accepted as an alternative currency in its stores. 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 >>

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 >>

Bitcoin South Africa Reviews

Bitcoin South Africa Reviews

To our knowledge, this company collects reviews by asking its customers to share their experiences on Trustpilot. Read more This company has claimed its Trustpilot profile, but to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. Read more This company hasn't claimed its Trustpilot profile and to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. Read more Roll over stars, then click to rate. Tap stars to rate 1 star: Bad unacceptable experience, unreasonable and rude conduct. 2 stars: Poor an inadequate experience with a lot of friction. 3 stars: Average acceptable experience but with some friction. 4 stars: Great decent treatment and very little friction. 5 stars: Excellent no reservations, I would recommend this company to anyone. Proffesional and Trustworthy service rendered I made use of this service on17/1/2018. Francois Harris assisted me promptly and my ledger was with me the next day. The process was effortless and what was really good was the tracking number provided for the parcel. It really gave me peace of mind and I will make use of the service again. Only the latest review will count in the company's TrustScore Only the latest review will count in the company's TrustScore I received very efficient and professional service from Francois Harris! Thank you Francois and thank you BitcoinZAR! Only the latest review will count in the company's TrustScore Awesome service from Francios ,highly recommended should you want a nano s in a hurry. Only the latest review will count in the company's TrustScore I freely admit that I am not the 'sharpest tool in the shed' when it comes to technology and cryptocoins - but to proud to ask my grandchild for help! When I started looking into Bitcoin, there i 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 >>

South Africans Instructed To Pay Tax On Bitcoin And Cryptocurrency Earnings

South Africans Instructed To Pay Tax On Bitcoin And Cryptocurrency Earnings

South Africans Instructed to Pay Tax on Bitcoin and Cryptocurrency Earnings South Africans Instructed to Pay Tax on Bitcoin and Cryptocurrency Earnings South Africa has joined a growing list of countries that expect citizens to pay income tax on their cryptocurrency earnings. The South African Revenue Service (SARS) released a statement today, April 6, 2018, making it clear that, even though the country does not consider cryptocurrencies legal tender, you still have to pay taxes on the gains. That means that anyone who is paid for goods or services in bitcoin must declare that just as they would ordinary income. Also, traders who make money buying cryptocurrencies at a low and selling at a high will have to pay capital gains on any profits. Further, anyone who mines cryptocurrencies will have to pay taxes on the money they make as well. The onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received or accrued. Failure to do so could result in interest and penalties, SARS said. SARS still has yet to make clear the value added tax (VAT) status of bitcoin. "The 2018 annual budget review indicates that the VAT treatment of cryptocurrencies will be reviewed. Pending policy clarity in this regard, SARS will not require VAT registration as a vendor for purposes of the supply of cryptocurrencies," SARS said. South Africa is not alone in taxing bitcoin. Many countries , including the U.S., Japan and South Korea, tax all gains arising from selling, trading and purchasing items with cryptocurrencies, as well as gains accrued through mining and chain-splits . As reported by the Wall Street Journal, bitcoin use has surged in South Africa amid political and economic instability in the country, where it can be used to transfer mo Continue reading >>

Bitcoin Ads | Gumtree Classifieds South Africa

Bitcoin Ads | Gumtree Classifieds South Africa

Mining You will get to see highly profitable:ASIC Miners in operation (Antminers) mining DASH & BITCOINGPU Miners in operation mining Zcash, ETH, DGB and numerous other coinsUnderstand the real facts of mining, both the pros and the consBe able to determine whether Hardware Mining or Cloud mining is the best alternative for youGet guidance on where & how to set up your own mining operationGet a fu ... Published in: Courses & Training , Edenvale We offer many solutions for business owners who wants tobecome part of the lucrative crypto business to buy and sell Bitcoin and other cryptocurrencies in their stores. We offer One Way and Two-Way vending machines and also virtualsolutions that can turn any pay point, computer, or smartphone in to a BitcoinATM no hardware needed. We do all the server setups so that it is a plug ... i am the member of Bitclub Network.I am in the business of mining Bitcoin and let me show you how.I will show you how to make daily profits through mining, yes daily profits buy just investing in Bitcoin. Call or WhatsApp me. Also check the link to learn morePublished in: Businesses For Sale , Other Brand new Ledger Nano S cryptocurrency hardware wallet New Ledger Nano S for sale. Still sealed.Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons. Published in: Other Electronics , Hermanus Epping 220sqm - Industrial Warehouse - Factory - To Let - To Rent 220sqn x R45persqm = R9900p/mOccupation date: 1 May 2018Power: 3 Phase Amps 250Parking available2 Access doorsOpen plan warehouseStandard recept Continue reading >>

$50 Million Gone? South African Police Probe Suspected Bitcoin Ponzi

$50 Million Gone? South African Police Probe Suspected Bitcoin Ponzi

$50 Million Gone? South African Police Probe Suspected Bitcoin Ponzi As much as $50 million may have been lost by an international group of investors after putting their money into a bitcoin investment group called BTC Global. A report from South African news outlet Sunday Times indicates that "more than 27,500 people" may be impacted, with investors spread across South Africa, Australia and the U.S., among other areas. Some victims have reportedly claimed that they lost as much as $117,000 to the scheme. A spokesperson for South Africa's Directorate for Priority Crime Investigation - popularly known as the Hawks - said the commercial crimes unit is investigating the matter as a potential Ponzi scheme. The spokesperson did note that the group was being investigated for failing to abide by the Financial Advisory and Intermediary Services Act. Further complicating the situation, individuals in control of the official BTC Global website have posted a statement claiming that the group's funds manager, Steven Twain, had disappeared on February 18. The message further claims that there has been no contact since that time. "Steven did not acknowledge receipt of the information. Steven has not contacted anyone in leadership or admin team," the post states. "No payments have been made by Steven ... If anyone has ANY information on how we can get in contact with him please get in touch and let us know." Yet allegations that BTC Global is a Ponzi scheme have been floated in the past, including a February 16 post on Medium byJessie Holmeswhich claimed that Steven Twain is not a real person. The collapse of the investment group has reportedly triggered a series of death threats against those involved.According to the Times , one of the site's administrators, Cheri Ward, has been gr 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 >>

South African Google Searches For Bitcoin Spike Amid Economic Uncertainty

South African Google Searches For Bitcoin Spike Amid Economic Uncertainty

South African Google Searches for Bitcoin Spike Amid Economic Uncertainty Economic uncertainty appears to have spurred a significant spike in the number of South African citizens engaging with bitcoin and cryptocurrency. As of this writing, South African Google searches for bitcoin currently comprising the highest in proportion to country among the top 66 countries by search traffic. Also Read: Physical Bitcoin Mining Hardware Store Bitmart Opens in South Africa South African Searches Relating to Bitcoin Surge The popularity of bitcoin appears to be continuing to grow in South Africa despite the recent declining performance of the leading cryptocurrency. As of this writing, South African Google searches are the highest in proportion to the size of searches generated by high search-volume nations, with the average number of monthly South African searches for bitcoin over the last 12 months currently estimated at between 100,000 and 1,000,000. South African peer-to-peer bitcoin trade volume also appears to be rising, with weekly rand-value of localbitcoins trading exceeding 20,000,000 (approximately $1.7 million USD) for the first time since January this past week. Mati Greenspan, a market analyst for major social trading and asset brokerage, Etoro, recently attested to the platform experiencing a significant surge in the number of South African bitcoin traders, stating that 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. Rising South African Bitcoin Investment Attributed to Fears of Looming Economic Disruption Many analysts are attributing the growing South African interest in cryptocurrencies to perceptions that president Cy Continue reading >>

How To Invest In Bitcoin In South Africa

How To Invest In Bitcoin In South Africa

francois bitcoin exchange , Uncategorized The price of bitcoin has been rising steadily over the years, and as it becomes more mainstream, more and more people are eager to invest in the technology. Long term investors in bitcoin have really benefited from the price increases, and going forward, the future looks very bright. (If you want to buy bitcoin, please read our page on where to buy bitcoin in South Africa ) Nobody knows what the price will be in the next hour, let alone the next year, so it is a high risk investment. What we do know is the past performance of bitcoin, as shown in the table below. Current historical prices of bitcoin as of 22/04/2017 Investors are drawn to bitcoin, when they see that in the past it has been possible to make very good returns. Investing a year ago today (22/04/2017) would have given you a 177% increase in value of your bitcoin investment. Even an investment 1 month ago, would have got you a 23% increase in value. Tread carefully when investing in bitcoin, as past performance of bitcoin is not a prediction of future results either! Once again, nobody knows what the price will be in the future. Bitcoin is sometimes referred to as digital gold, or gold 2.0, and a lot of similarities to gold. People buy gold as an investment for the future, and similarly investors also buy bitcoin, in the belief that it will appreciate in value in the future. For centuries gold has been seen as valuable all around the world and now that bitcoin is around, it too is starting to be seen as a store of value due to its usefulness and scarcity. Like gold, to invest in bitcoin, usually means to buy bitcoin and store it safely and securely, in order to sell it at a future date for a profit. Some people might keep Kruger Rands in a safe as an investment, whi 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 >>

The Tax Implications Of Bitcoin In South Africa

The Tax Implications Of Bitcoin In South Africa

The tax implications of Bitcoin in South Africa JavaScript is disabled for your browser. Some features of this site may not work without it. The tax implications of Bitcoin in South Africa Bitcoin is a virtual crypto-currency that exists solely in electronic form.1 Bitcoin was first launched in 2009 by Satoshi Nakamoto, which is an alias for a programmer or group of programmers.2 Bitcoin is defined as ?a digital, decentralized, partially anonymous currency, not backed by any government or other legal entity, and not redeemable for gold or other commodity?.3Virtual currency is a type of fund used and accepted in a virtual or online community.4Generally Bitcoin has been and is visible in South Africa (?SA?). It is more apparent in Cape Town.5 The first commercial conference on Bitcoin was held in Cape Town on April 20156 and BitHub, a virtual currency hub and incubator, was launched by the Cape Innovation and Technology Initiative in June 2015.7 On 7 September 2015, BitHub had a series of education Bitcoin courses which provided students with basic understanding of Bitcoin.8The use of Bitcoins as a medium of exchange is not yet widespread in SA, however, it has been noted that this industry is growing at a fast rate as several online retailers are now accepting Bitcoins as a means of payment for goods and services, for example Takealot.com.9 SA has already installed its first Bitcoin vending machine, situated in Kyalami, north of Johannesburg, to give users the ability to get Bitcoins in exchange for rand.10South African authorities have been silent on how bitcoin transactions should be taxed and even regulated. Research on this matter is relatively limited in South Africa. Studies are thus needed and are relevant to address the South African taxation implications of bit Continue reading >>

Bitcoin: Africa's First Exchange Aims For 1 Billion Users - Feb. 14, 2018

Bitcoin: Africa's First Exchange Aims For 1 Billion Users - Feb. 14, 2018

The company, backed by some big investors including Naspers, was created by a small group of people with backgrounds in tech and finance who, like Swanepoel wanted to give up their corporate jobs. The atmosphere in Luno's Cape Town offices is casual -- some of the staff walk around barefoot. But the relaxed approach ends when it comes to protecting Luno against hackers who have made off with bitcoin worth millions from other exchanges. "We take security as seriously as big banks do but when we're at the office we're about working together and creating a collaborative environment," Swanepoel said. The firm has developed substantially over the last five years. It began building systems for banks before switching its focus to consumers. "We realized the banks were going to take too long to embrace the technology, and they were getting confused about what the technology can do," the CEO said. His team has developed a mobile wallet, exchange and merchant integration services for bitcoin and one of its biggest rivals, ethereum. Related: Cryptocurrency regulation is inevitable, says IMF chief Luno is now headquartered in Singapore , partly because of the importance of markets in southeast Asia. But the company attributes much of its early success to its South African roots and experience in countries like Nigeria where most internet users are mobile. "Unlike other companies, because we set up in Africa originally, we built truly mobile-first products," Swanepoel said. He believes that has given Luno an edge, particularly over European competitors. CNNMoney (Cape Town, South Africa) First published February 14, 2018: 6:03 AM ET Continue reading >>

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