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Cryptotradersza

Cryptotradersza

When I became a mother, I found myself in a dilemma. I needed to make some extra money but I also needed to spend as much time with my loved ones as possible. I know that this is something a lot of people, especially women, struggle with. I found that Bitcoin supplemented my income with a lot less effort and allowed me to spend more time with my family. Now that Ive discovered the benefits of Bitcoin I want to help others achieve the same financial freedom and options that I have. Being able to work for yourself or part-time while supplementing your own income is an excellent way to ensure you earn a decent living while still retaining some independence. I fell in love with trading Bitcoin and other cryptocurrencies because of how easy it was to grow your money quickly. As the cryptocurrency world is extremely volatile, I then started using my educational background to analyse the market and limit my losses. I hold a Bachelors degree from UCT in Finance and Economics, as well as Honours in Financial Analysis and Portfolio Management. I have also worked at one of South Africas top five banks advising businesses and am a successful entrepreneur myself. Our training explains what Bitcoin is, how it works, how you can buy and sell it, and what benefits trading Bitcoin holds. We will help you trade on the crypto exchanges to help you grow your money We do group seminars but we also offer one-on-one workshops these are ideal for businesses or individual training at a time and date of your choosing. Businesses can benefit by learning how to use and start accepting Bitcoin this opens up your customer base and can lead to increased revenue. Paying subscribers receive numerous buy and sell signals as well as cryptocurrency information throughout the month to help you trade. Our Continue reading >>

South Africa Prime For Crypto Revolution: Economist

South Africa Prime For Crypto Revolution: Economist

South Africa Prime For Crypto Revolution: Economist A South African economist believes cryptocurrencies will thrive in the country. Cryptocurrencies have taken the world by storm in the past few years and that has led to larger countries like Russia and China imposing bans on their trade. While those superpowers flex their muscles to the detriment of various virtual currencies, emerging markets are starting to catch on to the wave and their governments and financial institutions seem slow on the uptake. As a relatively young democracy, South Africa is one of those countries. Ongoing political dramas have hammered the South African rand and have led to recent credit downgrades- which has seen wealthy South Africans look to take their money out of the country. Economist Dawie Roodt has warned other South Africans to do just that amid the recent political and economic instability in the country. Speaking to Cointelegraph, Roodt believes Bitcoin and other cryptocurrencies could be an easy way for South Africans to do just that. Its not necessarily a safe haven but its certainly a way of getting your money out of the country. The moment you buy Bitcoin, you internationalize your money. Its not in South Africa anymore. What makes this more feasible for South Africans is the fact that there is almost no legislation on Bitcoin trade in the country. Its in no-mans land. There is no proper legislation, no real rules or regulations around these private currencies. The well-known economist also hit out at governments that have banned the use of cryptocurrencies and Blockchain, citing a lack understanding of the potential power the technology has. Any country that bans Blockchain must be really stupid because its a new technology. Its like going back 150 years and banning electrici Continue reading >>

Coindirect Now Allows You To Buy Cryptocurrencies In South Africa, Nigeria And Kenya

Coindirect Now Allows You To Buy Cryptocurrencies In South Africa, Nigeria And Kenya

South African citizens will now be expected to pay income tax on their cryptocurrency trading as the South African Revenue Service (SARS) released a statement covering South African cryptocurrency tax laws on April 6, 2018. Affected taxpayers will be expected to declare their cryptocurrency gains and losses as part of their capital gains tax as well as any income derived in cryptocurrency as income tax. 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. In addition, South African taxpayers who are not certain about transactions involving digital currencies can seek guidance from SARS via channels such as Binding Private Rulings depending on the type of transaction. Increased interest and use of cryptocurrencies brought about calls for SARS to give direction on how cryptocurrencies ought to be treated for tax purposes. Already, SARS has an existing tax system that they use and therefore, making a different one will not be necessary at the moment. The existing tax framework will also be used to guide affected taxpayers on the tax ramifications of cryptocurrencies. The tax authority considers digital currencies such as bitcoin as an Internet-based digital currency that exists almost wholly in the virtual realm. The use of cryptocurrencies is supported by growth in the number of enthusiasts who see it as an alternative currency that can be used to pay for goods and services similar to traditional currencies. However, what is more interesting, is that the word currency is not defined in South Africas Income Tax Act. Cryptocurrencies are therefore not considered as official South African tender nor is it widely accepted as a means of exchang 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 >>

Cryptocurrency Regulation In South Africa - What Do You Need To Know?insights Into The Law In South Africa | Welcome To Go Legal

Cryptocurrency Regulation In South Africa - What Do You Need To Know?insights Into The Law In South Africa | Welcome To Go Legal

Topics Banking & Finance Law | Tax Law | Technology Law The South African government is looking into regulating the cryptocurrency industry. Is there anything you need to know about cryptocurrency regulations in South Africa? This article will focus on the South African Reserve Banks (SARB) whitepaper issued in 2014 about virtual currencies and Decentralized Convertible Virtual Currencies (DCVCs). To assess this matter, we will try to expound on four key issues relating to the acquisition and use of cryptocurrencies in South Africa. Are cryptocurrencies legal in South Africa? How do taxation laws affect cryptocurrency in South Africa? Can one get recourse within the justice system on matters relating to cryptocurrency? Are there plans to regulate cryptocurrencies in South Africa? Is the use of cryptocurrency legal in South Africa? The complicated part would be to ask you: is whatever you are doing with the cryptocurrency legal? For most of us, the answer is also yes, it is legal. If that is the case, what is the position of the authorities? The cryptocurrency landscape in South Africa is, at the moment, largely unregulated. However, the South African Reserve Bank issued a whitepaper in 2014 outlining its position on what it called virtual currencies (VCs) and Decentralized Convertible Virtual Currencies (DCVCs). Here are some points to note about cryptocurrencies in general from that whitepaper: 1. Cryptocurrencies are not legal tender according to the SARBs definition, legal tender is simply the notes and coins that are officially issued by a bank (read section 3.2.3 of the whitepaper). Since cryptocurrencies do not exist in physical form, they fall outside the realms of the above definition. According to the SARB Act, 1989, the Reserve Bank governs and has sole right 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 >>

South Africans Riding The Cryptocurrency Wave

South Africans Riding The Cryptocurrency Wave

South Africans riding the cryptocurrency wave A website features cryptocurrency token sales and ICO (Initial Coin Offering) lists in Berlin, Germany on November 26, 2017. Photo: JOHN MACDOUGALL / AFP JOHANNESBURG -As bitcoin fever sweeps the world, a growing number of South African investors are jumping on the cryptocurrency bandwagon in the hope of enjoying what has so far been a wild ride. We are seeing a massive increase in interest in cryptocurrencies, says Werner van Rooyen of Luno, one of two bitcoin trading platforms registered in South Africa as a financial services provider. Reflecting this, bitcoins worth R300-million were traded on the Luno platform on 1 December. Gareth Grobler of the other registered trading platform, ICE3X, says: We estimate that between 200,000 and 300,00 people in South Africa are now involved in cryptocurrencies. But bitcoin is far from being the only cryptocurrency worth consideration; there are 1,320 cryptocurrencies available. While most have only curiosity value, there are 17 with market values of $1-billion or more that are in with a fighting chance of grabbing the growing investor attention. Bitcoin which gave the world tamper-proof digital public ledger technology blockchain and first appeared on the scene in January 2009 undoubtedly rules the roost, with a market value of $188-billion, or 56 percent of a market that is worth $377-billion. Ethereum runs a distant second at $45.4-billion. But that is pretty good going for the cryptocurrency developed by Vitalik Buterin that launched more than five years after bitcoin came into being. Compared with bitcoin, ethereum has been the cryptocurrency to back over the past 12 months. While bitcoins price rose only 1,365 percent to its current $11,202, ethereums price soared from $6.27 to Continue reading >>

What South Africans Think About Investing In Bitcoin And Other Cryptocurrencies

What South Africans Think About Investing In Bitcoin And Other Cryptocurrencies

What South Africans think about investing in Bitcoin and other cryptocurrencies Cryptocurrencies are seeing increasing popularity in South Africa and at one point Google searches for the term Bitcoin topped every other country in the world. However, the jury is still out when it comes to digital coins as a means for investment. That is according to a survey conducted by PSG Wealth and Survey Monkey in the fourth quarter of 2017. Cryptocurrencies have since endured a roller-coaster ride, with Bitcoin as an example falling just short of $20,000 in mid December, before falling all the way back down below $6,000 earlier this week after the World Bank chief described the cryptocurrency as a bubble and Ponzi scheme. PSG Wealth noted that major critics of the cryptocurrency boom have been, among others, famous investors like Warren Buffet and Howard Marks. While institutional investors have been the harshest critics of these new digital coins as too speculative to warrant the risk, many small investors and hedge funds continue to take a gamble on their returns. According to Credit Suisses Global Markets Research Department, the value of Bitcoin has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the US dollar and the British pound. PSG Wealth said it noticed the increased hype surrounding Bitcoin, due not only to the fascinating background of this currency, but also the massive return numbers which are widely reported in mainstream media. As such the group distributed its own stance on digital coins in September last year, highlighting its risks. PSG Wealth said it would be more comfortable to consider Bitcoin, in some shape or form: When credible research and regulatory oversight is common place When wealth manage Continue reading >>

Everything You Need To Know About The South African Cryptocurrency Ecosystem

Everything You Need To Know About The South African Cryptocurrency Ecosystem

By Stephen Timm: Editor on 30 November, 2017 A day doesnt pass without news on the price of Bitcoin, the latest initial coin offering (ICO) or the launch of a new cryptocurrency. With the increasing interest in cryptocurrencies Ventureburn brings you a listing on where to go to get help if you want to invest in, build or simply know more about cryptocurrency in South Africa. While South Africa does not currently regulate cryptocurrencies, the Reserve Banksposition on virtual currencies is set out in the Position Paper on Virtual Currencies issued in 2014. The bank also recently established a dedicated fintech programme to increase focus and assist the existing working groups to research and analyse technology innovations in the financial services industry. Part of the review is aimed at assessing the impact on cross border financial flows and stability of the financial system (read more here ). To gain a better understanding oncryptocurrency see this basic guide from The Wired or this one by Blockgeeks,as well as one by Coin Desk.On more on such things as how to get started investing in Bitcoin in South Africa check out Bitcoinzar . There are a number of South African platforms that sell and buy Bitcoin and other cryptocurrencies. Two of the most reputable are Luno and iceCUBED . Luno allows users to buy and sell digital currencies such asBitcoin. In September 2017 the startup received a R120-million injection in a funding round lead by London-based venture capital firm Balderton Capital. Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round.The platformalso announced its expansion into 35 new markets across Europe. The announcement follows Lunos R60-million Series A round Continue reading >>

Bitcoin Exchanges In South Africa

Bitcoin Exchanges In South Africa

The two most established bitcoin exchanges in South Africa have been around since 2013, namely ICEX (AKA Ice Cubed) and Luno . If you want to buy bitcoin, using an EFT bank transfer to a bitcoin exchange is one of the safest ways to do so. Rand (ZAR) transfers generally show up on the corresponding exchange within a few hours, and you can begin to trade as soon as it is reflecting in your account. ICEXis a secure exchange platform where you can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in South African Rand as well as trade Ethereum for Bitcoin. ICEX is registered as Internet Currency Evolution Cubed (Pty) LTD is a South African owned and operated company. We provide digital currency solutions for real world problems and offer a unique approach to cryptocurrency use in enterprise. We want to solve really old problems with radically different solutions. TheICEX platform is based on cutting-edge industry technology, and uses the same architecture as other leading, high-volume transaction systems. The platform was developed with performance and stability in mind, and combined with a robust infrastructure and distributed system design, provides you with capacity and reliability. The exchange is capable of processing several hundred trades in a fraction of a second. Bitcoin and Litecoin withdrawals from accounts are processed manually in batch runs at least 3 times per day as they run a 100% cold storage policy. All coins are stored offline, in special vaults, away from online security threats. Trading fees: 0.25 to 1% trading fees Dynamic based on 30 day trading volume Know Your Customer: FICA, Proof of ID / residence Security: 2 Factor Authentication (Google Authenticator), Secure digital certificate Click here for a step-by-step tutorial for Ice Cubed Ex Continue reading >>

Cryptocurrency Trading | Avatrade

Cryptocurrency Trading | Avatrade

AvaTrade now offers all traders the opportunity to trade a wide range of the top ranked digital coins 24/7. Today cryptocurrencies have become known to most people as a conventional and popular investment option. The main purpose of this new technology is to allow people to buy, trade, and invest without the need for banks or any other financial institution. Cryptocurrencies are highly volatile and can be profitable to any traders portfolio. Cryptocurrencies are not physical coins they are electronic, a digital asset that remains as data. The technology behind the cryptocurrency controls a large part of its value which holds new technology on the secure way to identify and transfer money. The first digital coin introduced was Bitcoin and today it remains as the standard that all other coins compare themselves to. Following in its steps came Litecoin , so to date they stand as the top 2 highly valued coins on the market. There are several other coins also reaching a high-level market share such as Bitcoin Cash, Dash , Ripple , Ethereum , Monero and NEO. Trade top cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum 24/7 at AvaTrade and enjoy trading conditions no other cryptocurrency exchange can provide. This year alone has seen an absolute explosion in the number of cryptocurrency offerings. Find out below about the other high-profile cryptos such as NEO, Monero, Ethereum Classic, Dash, IOTA, and Zcash. AvaTrade offers competitive spreads, with no commissions charged on transactions making it more profitable. When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it. Trading with AvaTrade ensures that you will trade with a 100% reputable broker.More reasons to trade cryptocurrencies with AvaT Continue reading >>

New Icos Out Of South Africa Reported To Change The Face Of Investing In Cryptocurrencies Forever

New Icos Out Of South Africa Reported To Change The Face Of Investing In Cryptocurrencies Forever

New ICOs Out of South Africa Reported to Change The Face of Investing in Cryptocurrencies Forever Bitcoinist.net December 5, 2017 3:30 pm The Team at AgreCoinhas created the solution for both the novice and advanced investors alike; A Crypto Coin Fund based upon the top 6 selling coins at any one time on the market. Thereby diversifying risk, while consolidating gains for the top 6 most stable currencies on the market. Durban, South Africa, December 5, 2017 The incredible success of Bitcoin has shown the world that Cryptocurrencies are here to stay and that they can present a viable investment opportunity with both short and long-term gains. Presently, there are hundreds of what are called Alt (alternative) Coins, yet there is only a select group that has managed to remain at the top of the crypto charts. It makes good sense to have these top performers in ones portfolio. This is exactly what the AgreCoin and the UpStart1K represents. Instead of buying small amounts of the top tier cryptos and then tracking and monitoring them daily, it makes a lot more sense when investors can earn returns generated by an entire sector. AgreCoin combines the top six cryptos on the market, namely Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, and Litecoin. Owning an AgreCoin Token (AGRE) offers the opportunity to invest in all of these at one time without being subject to the volatility of each on a separate basis. So, if not all 6 are performing at the top of the charts, the returns from the others are a built-in safeguard against the investors portfolio tanking. Simply stated, the goal for AgreCoin is to minimize the risks of investment and maximize the returns investors might get from their investment. The top 6 volume based coins are purchased, 1/6th each. These coins are then purc Continue reading >>

How To Buy Ripple Coin (xrp) In South Africa

How To Buy Ripple Coin (xrp) In South Africa

How to buy Ripple Coin (XRP) in South Africa There has been a lot of talk recently around Ripple coin which has seen massive growth over the last couple of weeks. At the time of posting it is sitting around $2.57 . It has been sitting around $0.20 for the last couple of months! So what is Ripple? Best summed up answer I have found is from Wikipedia : Rippleis a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple . Also called theRipple Transaction Protocol(RTXP) orRipple protocol,it is built upon a distributed open source Internet protocol , consensus ledger and native cryptocurrency calledXRP(ripples). Released in 2012, Ripple purports to enable secure, instantly and nearly free global financial transactions of any size with no chargebacks. It supports tokens representing fiat currency , cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.At its core, Ripple is based around a shared, public database or ledger,which uses a consensus process that allows for payments, exchanges and remittance in a distributed process. Essentially Ripple could become the way of the future for Banks to exchange and settle funds instantly. There are already banks talking to Ripple Network around the world, so I dont think it will be long! Yesterday I had a friend ask me how could he get on the Ripple train and buy Ripple Coin in South Africa . There are a couple of options including from local exchanges (but this does come at a premium) or you can buy through a platform like Changelly BUT, my preferred method is to buy through the Binance exchange . (I am really loving Binance at the moment if you havent noticed) The exchange volume is increasing, and there are loads of people buying and selling, and th Continue reading >>

Bitcoin Diary: Sa's First Crypto Currency Has Launched. Say Hello To Ubx

Bitcoin Diary: Sa's First Crypto Currency Has Launched. Say Hello To Ubx

BITCOIN DIARY: SA's first crypto currency has launched. Say hello to UBX Brochure line: 'The world's first fully fledged decentralised currency that delivers free and guaranteed income to all citizens without relying on taxation' Lance Boyle has taken leave of his senses and Ray Hartley is in the director's chair for today It has begun. South Africa's first foray into the cryptocurrency market is a go, green lighted, thumbs-ed up, on the launching pad, primed for lift off. A company called Ubu Core hashit the ground with an Initial Token Offering in something called UBX (desperate effort to explain follows later). This ITO appears to be a distant - and more kindly, please God - relative of the Initial Coin Offering. Nice dodge there. ICOs, in case you haven't noticed, have acquired a bad reputation since China said they were all crap and henceforth illegal in that country. And, as reported in this column last week, Jamie Dimon also took umbrage at all things cypto. So what's this "ITO" all about? Before you defy China and throw your money at UBX because, you know, that's how you roll,read this detailed "white paper" which is now in the public domain. Ubu Core is launching what it describes as: The world's first fully fledged decentralised currency that delivers free and guaranteed income to all citizens without relying on taxation. It is a take on the idea of a "universal basic income" for all citizens but with a twist. The income is delivered to all who sign up by way of free tokens which may be exchanged with vendors who sign up as suppliers. The idea appears to be to match unused inventory with those who need to use it because of their circumstances. See graphic above. You might want to click on it to enlarge ... Obligatory Nelson Mandela quote from prospectus Proje Continue reading >>

Buy Over 30 Cryptocurrencies In South Africa With Coindirect

Buy Over 30 Cryptocurrencies In South Africa With Coindirect

Buy over 30 cryptocurrencies in South Africa with Coindirect Coindirect , arecently-launched cryptocurrencyexchange, has started offering services in South Africa. The exchange allows buyers to purchase cryptocurrency directly from sellers, and themarketplace supports the trading of over 30 cryptocurrencies. It also includesan online wallet service for users. To see what setsCoindirect apart,MyBroadband spoke to Coindirect marketing manager Nicole Watson about how the platform works. Coindirect is a peer-to-peer cryptocurrency marketplace which allows buyers to purchase currencies directly from sellers, using local payment channels in their own currency. Buyers can view offers from multiple sellers and choose which offer to accept. An order is created once an offer is accepted and it is completed once the buyer has paid the seller. Coindirect then releases the purchased cryptocurrency to the buyers online wallet. Typically, if one wants to buy an altcoin in South Africa, it can be a time-consuming, cumbersome process whereby one would have to utilise a number of exchanges and platforms in order to make a simple purchase, said Watson. However, Coindirect is the only platform that allows one to buy, sell, and also convert over 30 altcoins instantly, direct with local currency. Customer wallets function similarly to those on exchanges like Luno, and Coindirect does not provide users with their private key. Coindirect is registered with the Isle of Man FSA and complies with all local FIC regulations for South Africa, it said. Coindirect added that its instant-verified bank transfers and AI-driven fraud prevention engine gives it an advantage over traditional marketplaces. The main advantage of a peer-to-peer exchange is that the price of the cryptocurrency in local currenc Continue reading >>

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