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South Africans Are Selling Their Houses, Cars Online For Bitcoin

South Africans Are Selling Their Houses, Cars Online For Bitcoin

South Africans are selling their houses, cars online for Bitcoin By Andy Walker: Editor on 15 January, 2018 AndyWalkerSA So I hear Bitcoin is a pretty big deal right now. After its late-2017 rally , the cryptocurrency is now valued at over US13 600, or R167 768.25. That means one could easily purchase a car with a single Bitcoin. And it seems thats what some sellers are offering on second-hand marketplaces like Gumtree and OLX. According to the formers head of core Claire Cobbledick, the site has seen an increase in cryptocurrency-only sales and swaps recently. This is particularly true for high-value items like cars, bikes and boats. Many sellers are willing to take a gamble with their assets in hopes of a large pay-out, she remarked in a press release. A simple search highlights the quite noticeable trend on the sites too. High-value items like cars, bikes and boats are being sold on second hand sites for Bitcoin One sellers offering a BMW X5 4.8i in exchange for Bitcoin , or R179 000 in traditional currency. Another takes things a step further, willing to let go of a Mercedes Powerliner 1729 truck for Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, or Ripple. Weve also seen rubber ducks , Volkswagens , property and even musical instruments all put up on offer for a slice of digital currency. Cobbledick however doesnt believe this is a guaranteed positive investment. Bitcoin is a volatile currency, so while you could easily see a 50% increase in your investment, you could just as easily end up with nothing. Its up to the seller to decide if they are willing and able to take a gamble, she said. Nevertheless, even if the currency is prone to fluctuate violently, were likely to see this trend become more prominent as the year goes by. And who knows, maybe youll be temp Continue reading >>

Bitcoin Cash - Peer-to-peer Electronic Cash

Bitcoin Cash - Peer-to-peer Electronic Cash

Transact in seconds. Get confirmed in minutes. A payment system that's a proven store of value. World's most robust blockchain technology. Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. On Chain Scalability - Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB. Research is underway to allow massive future increases . New Transaction Signatures - A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem. New Difficulty Adjustment Algorithm (DAA) - Responsive Proof-of-Work difficulty adjustment allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations. Decentralized Development - With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams. Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank Continue reading >>

How To Sell Bitcoin Cash (bcc Or Bch)

How To Sell Bitcoin Cash (bcc Or Bch)

I recently wrote two articles; one outlining the background to the scaling debate and recent near-forks, the other about Bitcoin Cash and how Luno will (and wont) support it. Update: you can now instantly sell your Bitcoin Cash on Luno, without the need to send it to another platform. Information further down. In a nutshell: forking a digital currency is taking the rules of the current currency and saying from a certain point in time, that the original rules will still be applied to the original currency the rules governing sending the currency, storing it, processing the transactions and so on and that a new set of rules will be implemented for the new currency. So, if you have one coin of the original currency before the fork, youd have one of those, but also one of the new ones. Bitcoin Cash came into existence on 1 August 2017 and most Bitcoin platforms are now starting to show their customers Bitcoin Cash (abbreviated as BCC or BCH, depending on the platform). Its not all that difficult to create or fork into existence a newer (or even better) digital currency. Anyone can do so. The trick is having groups of developers working over a decade on refining the open software, startups and companies create platforms compatible with wallets all over the world and creating an entire ecosystem that underpins a currency. Bitcoin has the most mining power in the world, the most wallets, the most businesses that have it integrated and the most consumers that use it to transfer and store wealth, the most governments and banks that understand it, the most consumers with access to it, and the most use cases for using it as a store of wealth or a medium of exchange. For every Bitcoin, in theory, there may now one Bitcoin Cash, but the long term prospects and viability of the new Continue reading >>

Buy Bitcoin In South Africa | Usd Vs Zar | Coinlist.me

Buy Bitcoin In South Africa | Usd Vs Zar | Coinlist.me

In the online investment market, theres one dominating cryptocurrency making a splash: Bitcoin. A quick look on any financial forum will have at least a handful of people talking about it in one form or another; its a rapidly exploding currency thats been taking the online trading market by storm. Bitcoin isnt difficult to figure out; simply put, its a form of online payment that works without using an intermediary, such as a bank, for your money. The currency was invented in 2008 by a user known as Satoshi Nakamoto and was subsequently released as open-source pieces in 2009. Bitcoin is the worlds first ever decentralised online currency and since any single entity does not control them, their market value can change regularly, which makes it ideal for investment. Why are so many people taking a risk on a digital currency when there are chances it could fail? To start, Bitcoin is renowned for its price fluidity, with its value changing almost overnight in some cases. A small investment now could, potentially, triple in the space of a week. With that, if you leave that for a year, you could have a sizeable return on your investment on your hands. For example, if you spent $1,000 on Bitcoin back in 2012, that would now be worth over $1,200,000, which is a staggering net increase of 100,000%. Theres also the added benefit that Bitcoins are incredibly secure, and when you add on how easy they are to buy, sell, and use, you can see why so many people are taking a risk on cryptocurrency. You can use Bitcoin for pretty much everything, from physical items like furniture and clothes, to gift cards and much more. Most modern websites have started to incorporate them as a form of payment in one way or another. For example, REEDS is the first US company to accept Bitcoin as a for Continue reading >>

The 3 Best Ways To Buy Bitcoin Cash (bcash, Bch, Or Bcc)

The 3 Best Ways To Buy Bitcoin Cash (bcash, Bch, Or Bcc)

The 3 Best Ways to Buy Bitcoin Cash (Bcash, BCH, or BCC) Last updated on December 4th, 2017 at 11:38 am Wait, what? Theres more than one Bitcoin? As if getting a handle on cryptocurrencies wasnt hard enough, were now entering the days of multiple Bitcoin currencies. I guess you could compare it to dollars: theres both the US dollar and the Canadian dollar, and they clearly have quite different geographical uses. But as you can probably imagine, things are slightly more blurred when it comes to the blockchain. Bitcoin Cash is one of the most famous altcoins. It walks the wobbly line between fading into myriad other altcoins and grasping the fame and fortune of the original Bitcoin. Bitcoin Cash came to fruition in August 2017 after a hard fork and a split in the Bitcoin blockchain . There are constant debates and many opinions about how best to cultivate cryptocurrency, and Bitcoin Cash is a direct result of the argument. In this guide, youll find out what exactly makes Bitcoin Cash special, whos working with the currency, and where to get your hands on some. Bitcoin Cash stems from the scalability issues that face Bitcoin. The original blockchain has grown exponentially in recent times. Thismeans that many more users and transactions are using the cryptocurrency, which is weighing down the network. The limited Bitcoin block size of 1 MB means that blocks are filling up more quickly than they can be mined. Transactions have, at times, become slow and expensive . Bitcoin Cash makes some distinct protocol changes, the main one being an 8 MB block size. Thischange allows for more data per block, meaning more transactions can be processed in each block mined. Many see this as a step forward in terms of how best to scale the network. Others remain adamant that its simply a s Continue reading >>

How To Buy Bitcoin - Coinbase

How To Buy Bitcoin - Coinbase

Coinbase makes it easy to convert your local currency into and out of bitcoin. On this page, you'll learn how to buy bitcoin and store it securely in a wallet. This first step is to sign up for a Coinbase account. This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of bitcoin. After you sign up, connect your bank account. You'll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. After starting your first purchase, we'll complete your buy and deliver your bitcoin. (Sells work the same way but in reverse). The price of bitcoin changes over time, so we'll show you the current exchange rate before you buy. 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 >>

Buy Bitcoin In South Africa With Zar - Trade On Trusted Bitcoin Exchanges

Buy Bitcoin In South Africa With Zar - Trade On Trusted Bitcoin Exchanges

You can Buy Bitcoin in South Africa using a variety of methods and payment options. The easiest way is to use a Bitcoin Exchange, which can be used to trade Bitcoins fast and securely with South African Rands (ZAR). Purchase Bitcoin at current market rates instantly with any of the following major South African banks- Standard Bank, ABSA, FNB, Capitec, Nedbank and many more payment methods available. You can pay with Cash Deposit, EFT, or Cash using Rands. Here is our select list of Bitcoin exchanges to buy/sell BTC in South Africa using Rands. South Africa currently has two established Bitcoin Exchanges that you can use to purchase Bitcoin easily using your local bank account. Buy & Sell Bitcoin instantly at current market rates. Sign up and start trading today. 0.8% Trading fees/ 0.5% Deposit & Withdrawal Fees FIAT funding with FNB / ABSA and Standard Bank Trade multiple cryptocurrencies: BTC, LTC, BCH, BTG, NMC, XRP, ETH, DASH, ZEC Where to buy Bitcoins from Individuals using Cash/EFT or Cash Deposit in South Africa? Localbitcoins is a peer to peer style bitcoin exchange platform, it provides and an easy and secure way for people to buy and sell Bitcoin using escrow. Unless you know the person from whom you are buying, you should always use a trusted third party or escrow service to ensure that the transaction goes smoothly. To buy Bitcoins easily and with near instant EFT transfers to your South African bank account. We would recommend LocalBitcoins. It has a large selection of Bitcoin traders nearby you that are selling Bitcoin and they use an escrow system to ensure that you receive your Bitcoin. It is quite safe to use LocalBitcoins to purchase or sell BTC/ZAR if you follow the best practices. Gift Cards / Online Payments / Cash / Debit/Credit Cards Buy & sell i Continue reading >>

Bitcoin Cash (bch) On Icecubed Exchange

Bitcoin Cash (bch) On Icecubed Exchange

February 2, 2018 Francois Bitcoin , Bitcoin Cash We have had many requests by users whether we will be adding Bitcoin Cash (BCH) to the iceCUBED exchange, and after careful consideration we have decided to open the Bitcoin Cash / Rand market on the exchange. User are now able to trade Bitcoin Cash in South Africa at iceCUBED exchange for Rand. Bitcoin cash (BCH) is a fork of bitcoin (BTC) that was created in August 2017. The main catalyst for the creation of the bitcoin cash fork of bitcoin, was the increasing transaction fees and delays in sending bitcoin. Frustrated users of bitcoin decided to fork the project to re-align the currency to be more like the original concept of peer-to-peer electronic cash. A fork is when a change is made to the software of a digital currency, creating a new version with the different parameters. The new currency and the old currency have a shared history of addresses and transactions, but going forward, from that point they are independent and have have a different future. What is the difference between bitcoin and bitcoin cash The main changes that were made to bitcoin cash was that the block size was increased from 1MB that bitcoin uses, to that of a much bigger 8MB block size. The increase in block size means more transactions can fit into the block, and therefore fees to send transactions are far smaller. Bitcoin cash can therefore process more transactions per second, is faster, and is cheaper to use than bitcoin currently. The block size limit of 1MB set in bitcoin is a measure to prevent spam attacks on the network, but as bitcoin has increased in popularity, the blocks have increasingly become more full, and therefore the fees to send transactions have been going up too. As the blocks have been reaching maximum capacity, only th Continue reading >>

How Can I Buy Bitcoins? - Coindesk

How Can I Buy Bitcoins? - Coindesk

OK, so you've learned the basics about bitcoin, the next step is to get some bitcoins. But how? This guide will tell you what you need to know. You can buy bitcoins from either exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cashtocredit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live. Surprisingly, it's still not easyto buy bitcoins with your credit card or PayPal, depending on your jurisdiction. This is because such transactions can easily be reversed with a phone call to the card company (ie 'chargebacks'). Since it's hard to prove any goods changed hands in a transfer of bitcoins, exchanges avoid this payment method and so do most private sellers. However, the options have recently grown for consumers in some countries. In the US, Coinbase , and Circle offer purchases with credit cards. Bittylicious , CoinCorner and Coinbase offer this service in the UK, accepting 3D Secure-enabled credit and debit cards on the Visa and MasterCard networks. Underbanked consumers in the US can turn to expresscoin , which recently launched to serve this market, acceptingmoney orders, personal checks and wire transfers. Next, you will need aplaceto store your new bitcoins. In the bitcoin world, they're called a 'wallet' but it might be best to think of them as a kind of bank account. Depending on the security levels you want, different wallets will provide different levels of security. Some act like everyday spending accounts and are comparable to a traditional leather wallet, while others tout military-grade protections. The main options are: (1) a software wallet stored on the hard drive of your computer ,(2) an online, web-base Continue reading >>

South African Bitcoin Cash Wallet Centbee Raises Funds From Nchain

South African Bitcoin Cash Wallet Centbee Raises Funds From Nchain

South African Bitcoin Cash Wallet Centbee Raises Funds from nChain South African Bitcoin Cash Wallet Centbee Raises Funds from nChain South African blockchain startupCentbeehas received an equity investment from nChain a global leader in research and development of blockchain technologies for the development of its new mobile bitcoin cash wallet.Centbeeaims to makeit easy for global consumers to acquire, hold and spend bitcoin cash at retailers and other merchants. Founded by Lorien Gamaroff and Angus Brown, Sandton-based Centbee will be launching its bitcoin cash (BCH) wallet on the Google Play stores and Apple in 2018 according to nChains press release .Centbees vision is to enable users tomake payments for goods and services using bitcoin cash as well as enable purchases over-the-counter at accepted retailers. Centbee will be rolling out mechanisms for merchants to accept bitcoin payments more cheaply and securely than current bank payment systems. [] In addition, we will help consumers move money simply and cheaply across borders to support family and friends. We have been working closely with regulators in the region to educate, ensure good governance and to address any regulatory risk, Brown said . When contacted by Venturebur n regarding the amount of funding or stake taken by nChain, Centbees co-founder, Gamaroff, did not want to divulge the funding details. I cant say much other than nChain is the only investor in this funding round and the funding is sufficient for Centbee to meet its envisaged product roadmap, stated Gamaroff. He went on to add, In addition to providing financial investment, nChains research, intellectual property and deep technology expertise will enable Centbee to become a functional and secure wallet provider which will open up Bitcoin Ca 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 >>

Bch Btc | Bitcoin Cash Bitcoin Bittrex - Investing.com Za

Bch Btc | Bitcoin Cash Bitcoin Bittrex - 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 >>

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 >>

Buy Bitcoin Cash Wallet South Africa - Bitcoin Prosper

Buy Bitcoin Cash Wallet South Africa - Bitcoin Prosper

The 3 Best Ways to Buy Bitcoin Cash (Bcash, BCH, or BCC) Wait, what? Theres more than one Bitcoin? As if getting a handle on cryptocurrencies wasnt hard enough, were now entering the days of multiple Bitcoin currencies. I guess you could compare it to dollars: theres both the US dollar and the Canadian dollar, and they clearly have quite different geographical uses. But as you can probably imagine, things are slightly more blurred when it comes to the blockchain. Bitcoin Cash is one of the most famous altcoins. It walks the wobbly line between fading into myriad other altcoins and grasping the fame and fortune of the original Bitcoin. Bitcoin Cash came to fruition in August 2017 after a hard fork and a split in the Bitcoin blockchain. There are constant debates and many opinionsabout how best to cultivate cryptocurrency, and Bitcoin Cash is a direct result of the argument. In this guide, youll find out what exactly makes Bitcoin Cash special, whos working with the currency, and where to get your hands on some. Bitcoin Cash stems from the scalability issues that face Bitcoin. The original blockchain has grown exponentially in recent times. Thismeans that many more users and transactions are using the cryptocurrency, which is weighing down the network. The limited Bitcoin block size of 1 MB means that blocksare filling up more quickly than they can be mined. Transactions have, at times, become slow and expensive. Bitcoin Cash makes some distinct protocol changes, the main one being an 8 MB block size. Thischange allows for more data per block, meaning more transactions can be processed in each block mined. Many see this as a step forward in terms of how best to scale the network. Others remain adamant that its simply a short-term fix that doesnt solve the problem, and th Continue reading >>

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