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Bitcoin Zar Luno Charts

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 >>

How Not To Make Money With Bitcoin As A South African - Imod

How Not To Make Money With Bitcoin As A South African - Imod

HOW NOT TO MAKE MONEY WITH BITCOIN AS A SOUTH AFRICAN Let me warn you, this is going to be a bit of a rant and if youre not in the mood for one rather scroll down a little to where I want to offer some tips. Whilst the rest of the world made an absolute killing on Bitcoin yesterday thanks to China , most of us South Africans sat and watched with envy. See, China went ahead and does what China often does .. moaned about something Internet related. This time it was about Bitcoin and guess what happened? The price of Bitcoin plunged from $1200 odd down to around $560 over night. Of course, the price drop was caused through the fear of the general public, but those who do a bit of trading on any form of stock market will know that this is often a really good time to quickly snap up stock and thats exactly what we should have been doing. Ive learnt a fair bit about trading and one thing I try to do is predict what the general uninformed public will do and try to trade in and around them to my benefit. Anyway, China isnt the be all and end all, what they say isnt the last word and with the US releasing various statements about Bitcoin being a major player for eCommerce (amongst plenty of other things) is was blindingly obvious that the price would rise again as the dust settled. So, based on the reading Ive done and my understanding of Bitcoin and various market places I figured the price would move up from $560 to around half way between $560 and $1200 fairly quickly. When a stock is so volatile and large corporations are publishing all sorts of speculative information, the price is going to rise and fall a few times in the case of Bitcoin, because its unregulated, theres more chance of this rather than a stock which could do a huge drop and not recover so quickly. Being fa Continue reading >>

Cointracking Charts Of Digital Currencies

Cointracking Charts Of Digital Currencies

Register For Free to get access to all features. All Coins and Currencies in one place. Here you can find the historical prices for 5443 coins. Search for a Coin, Currency or Commodity or select from the Dropdown List to see all prices. Select 'Show my trades in the chart' to include all your transactions in the chart. Search in the left box for a Coin, a Currency or a Commodity to see the prices in BTC and a real currency. Alternatively, you can select a Coin or Commodity in the middle box to see the prices in BTC and your selected real currency. Click in the right box on "Show Charts of ALL my Coins" to see the prices of all Coins you have tracked on CoinTracking. (This feature is available only for registered users). All charts can be zoomed with the mouse. By clicking in the legend, individual values can be deactivated. Check historical prices for all Coins and Commodities Switch between Line and Candlestick charts Show your own trades in the chart (bubbles in the line chart or flags in the candlestick chart) Please reduce the details of the chart. You can choose between: Continue reading >>

The Bitcoin Thread

The Bitcoin Thread

Also waiting a week for Bittrex. Manual failed. Support is silent like its the 90s. Also getting no feedback when mailing support OK I will try one more time , in trading view site there is "social" section and each channel have chat, now my question is : Is there anything like that for us trading in SA on Luno. If you mean commentary, this thread is about as good as you'll get for Luno and ZAR/bitcoin trends. The bigger guys will move to offshore platforms as trading fees are lower and market more liquid. I had to factory reset my phone yesterday, and now lost Luno in the Google Authenticator app (ye - I know now about Authy and back ups). From what I can see, I have to go through the process of disabling 2FA with Luno, and repeat the process again to set it up. What concerns me is BTC tanking while I don't have access to my account and losing a pile of cash. Is there any other way to get my phone working with Luno 2FA again? If you didn't save your backup keys/ code you'll need to follow a process to disable it and re-enable it. You can follow the process here Hey guys is there any local chat for Luno like they have in Tradingview.com ? Trading in Luno is very frustrating , watching tradingview and luno. Price difference don't add up. Do we have totally independent market at Luno then tradingview? I'd like to do a bit more digging into your comment Can I ask why you think it's frustrating trading on Luno? I'm not familiar with Tradingview, but if you're looking for more advanced graphs there is one available on cryptowat.ch with a BTC ZAR pair. They use our data over our API, we cannot guarantee its accuracy though, so this isn't an official recommendation Can I ask why you think it's frustrating trading on Luno? Come on - I can't believe you're being serious right n Continue reading >>

Understanding Bitcoin With Luno

Understanding Bitcoin With Luno

Hey guys! Another Quintessential Finance for you guys. Would love to get your feedback on this. Some food for thought whilst the Bitcoin price skyrockets. Hey James & Quintus, thanks for starting the thread :-) I'll be sure to get some more Luno Community Team members to subscribe here (and to other Bitcoin threads). In the meanwhile, if there are any Luno-specific questions, I'd be happy to help out! Hey James & Quintus, thanks for starting the thread :-) I'll be sure to get some more Luno Community Team members to subscribe here (and to other Bitcoin threads). In the meanwhile, if there are any Luno-specific questions, I'd be happy to help out! Why does Luno take 15-20% of my money when I covert ZAR to BTC? Hey James & Quintus, thanks for starting the thread :-) I'll be sure to get some more Luno Community Team members to subscribe here (and to other Bitcoin threads). In the meanwhile, if there are any Luno-specific questions, I'd be happy to help out! Why does Luno take 15-20% of my money when I covert ZAR to BTC? Hey Purply, that's a common misconception, allow me to explain: Luno doesn't set the price of Bitcoin. The market (of buyers and sellers; demand and supply) sets it. Luno is just the platform that allows buyers and sellers to transact. We domake money when you convert ZAR to BTC (and vice versa), but it ranges between 0% and 1%, depending on the type of transaction you make. Here's an article I wrote to clarify in more detail: So, when the price is above the "Google price" (of what Bitcoin appearsto be in USD), it might seem that there's a positive premium. If you want to buy Bitcoin on a different/offshore exchange, you can do so and sell it on Luno and pocket the difference, but as explained in that blog post, you'll soon see that the actual rate (and ti Continue reading >>

Bitcoin Bull Run: Why Youll Pay A 35% Premium On Sa Exchanges

Bitcoin Bull Run: Why Youll Pay A 35% Premium On Sa Exchanges

Bitcoin bull run: Why youll pay a 35% premium on SA exchanges JOHANNESBURG Expert trader Dwaine van Vuuren has identified an important reason why local cryptocurrency exchanges in South Africa sell the likes of Bitcoin for prices higher than the global average. South Africa currently has two prominent Bitcoin exchanges, Luno and ICE3X. Van Vureen, in this piece then, unpacks why prices on LUNO are much higher than the global average owing to the arbitrage phenomenon(arb for short). As van Vuuren outlines, arbitrage gives incentives to sellers of crypto in a small market like South Africa to make higher-than-average returns. The high arbitrage also ties into South Africasstricter exchange controls. A fascinating read for those looking to snap up crypto in South Africa. Gareth van Zyl 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. 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 Continue reading >>

Bitcoin To Rand: Calculator, Prices And Charts.

Bitcoin To Rand: Calculator, Prices And Charts.

The price of Bitcoin is measured in a currency like US Dollar (USD) or South African rand (ZAR) . Heres a quick Bitcoin to rand price calculator and graph. This price is set on Bitcoinexchanges all over the world by consumers buying and sellingit. Since each Bitcoin exchange operates independently, the market force of buyers and sellers will set the price independently on that exchange. Imagine welive in a world with only one type of apple and that they for this demo, all of the same quality. In this world, we have a farmer, Sally, who takes her ripe apples toa marketplace toexchange them for money. Now, ifthere is only one farmer and there is a big demand for apples, she cankeep charging a higher price and higher price. Shell say Hey, Im selling apples and a buyer comes over and he says Hey, Id like to buy an apple! and they will start trading. If Sally charges less than what the buyer is willing to pay, shell make an instant sale.She can in theory keep increasing the price until the point at which the buyer says, Hey, this is too expensive, Im not interested in buying anymore. The other thing youre likely to witness is competition. Since were living in a place where lots of people like apples,there are now hundreds of apple farmers, all eager to make some money.These new farmers will come to market with their apples and set up shop next to Sally. They will soon see that by pricing their apples a little cheaper, they can get more trades. Through healthy competition and the forces of supply and demand, the priceof apples from all the different farmersshould soon stabilise. This is how you get the price of apples (in rand). Getting the price of Bitcoin in South Africanrand, works exactly the same way. In the real world, we simply have many traders with Bitcoin, which th 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 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 >>

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 >>

Luno Review - Buy, Store & Learn About Bitcoin Cryptocurrency Wallet?

Luno Review - Buy, Store & Learn About Bitcoin Cryptocurrency Wallet?

Luno is a bitcoin exchange and wallet available over your web browser, iPhone, or Android. Its particularly popular in Indonesia, Malaysia, South Africa, and Nigeria. Find out everything you need to know about Luno today in our review. Luno, found online at Luno.com, is a bitcoin exchange platform that promises to make it safe and easy to exchange fiat currencies for bitcoin. To start using Luno, you sign up for a free Luno Bitcoin wallet through your web browser, or through the free iOS/Android app. Then, you transfer money through a local bank transfer or credit card purchase. Finally, you use that money to buy bitcoin. Luno keeps your bitcoins in its wallet , although you can transfer them to whatever storage solution you like. In short, Luno works just like every other bitcoin exchange in the world today. What makes Luno different? Luno is particularly popular with markets under-served by other bitcoin exchanges. Its one of the few exchanges where you can trade the South African Rand for Bitcoin, for example. It also provides instant buy/sell support in Indonesia, Malaysia, Nigeria, and South Africa, with more countries being added in the future. In fact, global customers are only able to access Lunos wallet at this time. The exchange is only open to residents of Indonesia, Malaysia, Nigeria, and South Africa (although residents of the Netherlands can access the instant buy/sell feature, and people around the world can use Lunos wallet). Lets take a look at some of the platforms key features. Luno isnt some flash in the pan startup. The company has been around since 2013 which is eons in the world of bitcoin. Over the years, Luno has successfully processed hundreds of millions of dollars in transactions for customers in 40 countries around the world. Luno promises Continue reading >>

Trading - Bitcoin Hub

Trading - Bitcoin Hub

Here we will provide a list of resources and tools to get started trading the Bitcoin market. We provide a list of online guides and resources, leveraged trading platforms as well as Bitcoin Options ans CFDs. **Bitcoin trading is risky and only a small percentage of day traders are profitable. None of the information here is provided as investment advice, please do your own research before you begin trading we cannot be held accountable for any losses that Bitcoin trading may incur** Some beginners guides explaining what bitcoin is and how to get started with trading. ForexNews- The ultimate guide to Trading Bitcoins A detailed article that goes into depth on what bitcoin is, transactions explained, how to buy it and how it is traded. The Beginners Guide To Trading Bitcoin Explains some basic concepts of trading as well as how to read candlestick charts and executing a trade. The best exchanges to trade BTC/ZAR easily. LocalBitcoins A safe place for buyers and sellers to meet online and exchange BTC/ZAR. There are an many active South African sellers and buyers who usemost of the main local banks, meaning near instant pay-out. They have an escrow system which ensures a safe transaction always. Bitfinex A highly advanced trading platform. Up to 3.3:1 leverage. This is the largest bitcoin exchange by volume in 2016, they also have a margin trading platform which works on a peer-to-peer lending platform. Investors loan USD to margin traders on a redetermined price agreed to as per the order book. Whaleclub- Offer up 10:1 leveraged bitcoin trading on their platform. It is one of the largest Bitcoin trading communities. They also offer free demo trading. Continue reading >>

Luno Bitcoin Wallet 4+

Luno Bitcoin Wallet 4+

Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn We've launched our ETH/B Continue reading >>

Luna Btc | Luna Coin Bitcoin Livecoin - Investing.com Za

Luna Btc | Luna Coin Bitcoin Livecoin - Investing.com Za

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators. Please wait a minute before you try to comment again. Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website. {username} Just Now Share Save Saved. See Saved Items. This comment has already been saved in your Saved Items Author's response {commentContent} Reply 0 0 {username} Just Now Author's response Share Save Saved. See Saved Items. This comment has already been saved in your Saved Items {commentContent} Reply 0 0 Show more comments () Show more replies () 2007-2018 Fusion Media Limited. All Rights Reserved Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Ple Continue reading >>

Luno Review 2018 - The 1 Thing You Have To Know About.

Luno Review 2018 - The 1 Thing You Have To Know About.

I have been using Luno consistently since 2016 and there is a lot to be said about the company (good and bad). In this review, I will try to give you the full rundown so you can evaluate for yourself if Luno is Trustworthy. Luno (formally known as Bitx) is a Bitcoin exchange/wallet Provider. They started as Bitx in 2013 in Singapore and have since then expanded to over 42 countries. On Jan 11, 2017, they changed their brand name to Luno (meaning Moon), this must have been a well-thought rebranding because they grew exponentially in 2017. Luno provides Bitcoin services that are similar to thats of Coinbase , However, they were able to make their Bitcoin wallet and exchange services available in countries where Coinbase exchange services are not supported. Luno allows users to buy and sell Bitcoin through bank Transfer, SEPA transfer, Interbank GIRO/IBFT and EFT. Before you can buy Bitcoin on Luno, you need to deposit money into your Luno wallet. You dont need to buy an entire Bitcoin. You can buy a smaller amount, from as little as $1. Luno also provides a platform for a user to trade bitcoin. Luno Review 2018 Cryptocurrencies Supported on Luno. Countries where Luno offers its services in 43 countries which include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Nigeria, Norway, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, United Kingdom. When you open a Luno account, you will need to verify your account to be able to make use of the wallet. To do so, you will need to supply your fu Continue reading >>

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