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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 >>

How To Buy Ethereum In South Africa

How To Buy Ethereum In South Africa

Looking to buy Ethereum in South Africa? Heres a quick walk through to get on board with one of the fastest-growing cryptocurrencies! Ethereum recently overtook Bitcoin in terms of popularity in Google Search , and even the United Nations has leveraged the cryptocurrency to empower aid efforts in Syria . For local entrepreneurs and investors alike, Ethereum remains an enticing option though many arent able to find an easy way to buy Ethereum in South Africa. Ethereum, as a platform, enables people to buy, trade, sell, and store Ether in a similar process to how an investor might purchase Bitcoin on a Bitcoin platform. Read: Is there an industry for the expensive process of Bitcoin mining? Ethereum has seen stunning growth this year, which has seen the cryptocurrency grow over 4650% since January of 2017 prior to a flash crash that brought ETH prices down to the $250 USD range. Ethereum remains a solid, well-performing contender, however, and the cryptocurrencys resilience has lead many to seriously consider investing. 1) How to buy Ethereum in South Africa through Coindirect: To buy Bitcoin and digital currencies online in South Africa, investors can make use of Coindirect A South African exchange that offers easy access to Bitcoin, Ethereum, Dash, Litecoin, and many other popular cryptocurrencies. Users can create their own Coindirect account by signing up with their email address and can then create a password traders looking to transact in amounts in excess of R15,000 ZAR will need to unlock a trading limit, wherein users will need to fill in their personal details and can verify themselves by uploading a copy of their ID or Passport, a selfie holding both items, or a Proof of Address. Users can then make use of secure instant EFT to purchase their coins within a 90 Continue reading >>

All I Want For Christmas Is Bitcoin

All I Want For Christmas Is Bitcoin

Registered users can save articles to their personal articles list. Login here or sign up here Give your children something to think about. Whether bitcoin is a bubble that bursts or keeps climbing even higher next year it would still make a valuable learning opportunity for children either way. Picture: Moneyweb In the last few weeks before Christmas, parents around the world are searching for the best presents to give their children. Everything from dolls to drones will be on the shopping list. But how about also giving them some financial education and stuffing a bit of bitcoin into their stockings? Given the hype around cryptocurrencies, its likely that most teenagers have heard of bitcoin. Some more tech-savvy preteens may well be aware of it too. Its currently sexy and trendy, and while a bit of bitcoin may not be as fun to unwrap as an iPhone, its still something to tell their friends about. More than that, it also has potentially much longer-term benefits. The beauty of it is that it works as an investment lesson, regardless of what happens to its value. Whether bitcoin is a bubble that bursts or it turns out to be the basis of the digital economy of the future, theres something to be learnt. With bitcoin up more than 600% in dollars this year, theres a lot of excitement about its potential. Its gain in rands has been ever bigger. Its currently trading at over R150 000, having started the year at a little under R14 000. This has been an incredible period, but bitcoin bulls argue that 2018 is going to be an even better year for cryptocurrencies. They believe that as these instruments become more mainstream, the demand for them will continue to grow. They also think that the potential for increased oversight and regulation will not hurt prices. On the contrary, t Continue reading >>

First-ever Sa Developed Bitcoin Wallet Launched

First-ever Sa Developed Bitcoin Wallet Launched

First-ever SA developed Bitcoin wallet launched BitX has launched South Africa's first locally made Bitcoin wallet (BitX). Johannesburg - Bitcoin users in South Africa finally have their own locally made digital wallet for the virtual currency. Singapore headquartered company BitX , which has a development team in Cape Town and also operates one of only two South African Bitcoin exchanges, has launched a digital Bitcoin wallet app for Android and Apple iOS devices. The BitX app targets countries such as South Africa, Kenya, Namibia and Malaysia, and aims making buying and selling of the crypto-currency easier through the press of a touchscreen. Dozens of Bitcoin wallets are available on mobile app store markets such as Googles Play Store. But developers of BitX say their app stands out owing to its easy-to-use interface, a secure offline vault that stores Bitcoins in case a phone is lost, and a feature dubbed KYC (Know Your Customer) that allows for mobile number verification and uploading of identification documents where applicable. We just make it really easy for people to access this tech for the first time, Co-founder and CEO of BitX Marcus Swanepoel told Fin24. Swanepoel said the app is also FICA (Financial Intelligence Centre Act) ready, even though Bitcoin is independent of banks. We choose to self-regulate because we feel it's prudent to do that, explained Swanepoel, who added his company is preparing for any potential future requirements of Bitcoin in South Africa. Regulators in New York State, for example, are finalising BitLicenses to regulate the currency, a move that Swanepoel explained could spread to other parts of the world. Other flexibilities have been built into the BitX application as well, including the potential ability to use any crypto-currency Continue reading >>

Bitcoin Still In Hype Cycle: Fnb | Itweb

Bitcoin Still In Hype Cycle: Fnb | Itweb

FNB CEO Jacques Celliers says there is not much mainstream demand for Bitcoin yet. First National Bank (FNB) CEO Jacques Celliers believes Bitcoin is still in a "hype cycle", but that's not to say the bank is not investigating the possibilities of the crypto-currency and blockchain technology in general. "With tech innovation, you could keep yourself busy on things that don't matter and you could prove a fad or join a hype cycle. I think Bitcoin is one of those, for example. It's in a bit of a hype cycle at the moment," he told ITWeb in an interview. "From a broader customer base perspective, other than a few speculative investors, there is no real meaningful disruption that we think is necessary at this stage. But, we are investing into some of the components and we are playing with it; however, if you ask me where we put all of our resources, no, we didn't put it [in bitcoin]." He says in SA, there is "a bit of emotion and enthusiasm on the expectative value of it", but he doesn't see any real mainstream demand yet. FNB is, however, not opposed to digital currencies, and when eBucks launched almost 18 years ago, FNB's parent company FirstRand Bank said it was "the world's first bank-backed e-currency". "We started eBucks in 2000, so we had all of our strategy debates around digital currencies and e-currencies then, so we are very comfortable with what the components are that it solves. Look, [Bitcoin] has to get past the hype cycle, it has to get past the stage of the early adopters who are just about 'check how cool this is' to meaningful use cases, where things really gain momentum." On the other hand, Celliers believes Blockchain technology is "very exciting". "We have done our proof of concept, we understand what it is and what it isn't, but it needs a use case o Continue reading >>

First National Bank Of South Africa Offering Mobile Pos, Wallet

First National Bank Of South Africa Offering Mobile Pos, Wallet

First National Bank of South Africa offering mobile POS, wallet South Africa's First National Bank is rolling out some new mobile financial tools for both merchants and consumers. FNB's merchants will be offered a mobile POS product, and consumers will be able to use a new e-wallet to buy digital goods. The new FNB mobile point-of-sale tool is the result of a new partnership with mPowa, a U.K.-based mobile POS provider. MPowa is providing FNB a white-label solution that lets merchants process electronic transactions on an iOS, Android or Blackberry device using a free app and a card-reading attachment. The app and reader will be provided by mPowa, but FNB will handle the processing and will brand the solution with its own look and identity. "We have recognized the need to support our merchants' desire for mobility and convenience," said Jacques Celliers, CEO of FNB business banking, in the announcement. "We will be looking to mPowa to provide us with a robust and secure mobile environment that will appeal to our demanding and techno-savvy customers." Additionally, FNB is joining with Mxit, Africa's largest social media network, to integrate the bank's electronic wallet into the Mixit Money mobile commerce platform. The result is FNB Moola+. Using FNB Moola+, Mxit users can buy online currency, or "Moola," at a reduced rate, saving 35 percent of the cost to buy the same currency via SMS. Moola can then be used to buy content, applications and games on the social network. "With the integration into Mxit we are taking advantage of the micro-payment potential of Mxit Moola," said Yolande van Wyk, CEO of FNB eWallet Solutions. Alan Knott-Craig, CEO of Mxit, said one of the greatest challenges to mobile commerce is to get money into the system in a cost-effective way. Workin Continue reading >>

La Valeur Du Bitcoin Explose Un Fnb S'en Vient

La Valeur Du Bitcoin Explose Un Fnb S'en Vient

La valeur du bitcoin explose un FNB s'en vient La valeur du bitcoin explose un FNB s'en vient lire ensuite Y a-t-il une bulle techno dans le ... La valeur dun bitcoin a rcemment frl le seuil de 4500 $US, en hausse de plus de 650% dans la dernire anne. Est-ce une bulle? Est-ce que la monte va se poursuivre ou est-ce que la valeur du bitcoin va scrouler de 70% comme lors de la dernire hausse similaire en novembre 2013? Je nen sais rien puisquil sagit essentiellement dun quilibre entre loffre et la demande. Dans ce cas-ci, loffre est thoriquement svrement limite, et la demande est tablie par des facteurs trs difficiles tablir. Toutefois, lengouement pour le bitcoin ne se dment pas. Dans le monde de linvestissement, ce genre de frnsie est souvent accompagn de nouveaux produits financiers permettant dexposer son portefeuille directement ou indirectement au phnomne. Il nest donc pas surprenant de voir que VanEck, un gestionnaire de fonds amricain, a fait une demande pour lancer un FNB sur les bitcoins prochainement. Ce nest pas la premire socit en faire la demande (les autres ont t rejetes), mais celle-ci a probablement plus de chance de russir. Lide derrire ce FNB est de prsenter le bitcoin comme une alternative lor. Les investisseurs qui me suivent depuis quelques annes savent que je ne suis pas un fervent partisan de lor, ou de tout actif pour lequel il y ny pas de raisons fondamentales, structurelles qui pourraient justifier un certain rendement long terme. Bref, je prfre me tenir loin de la spculation. mon avis, le bitcoin est similaire lor, en ce sens que ce nest pas un actif productif et quun bitcoin vaudra encore 1 bitcoin dans 5 ou 10 ans ( moins dun problme quelconque avec la technologie). Il ne produira rien et sa valeur sera encore dtermine par loffre et la deman Continue reading >>

Get A Secure Bitcoin Wallet To Store Your Bitcoins In South Africa

Get A Secure Bitcoin Wallet To Store Your Bitcoins In South Africa

Once you have decided to start using Bitcoins, you need to get a unique bitcoin address or wallet to store your bitcoins. Your bitcoin wallet address is similar to an email address, people will send bitcoin to your bitcoin wallet address. You can share or publish your bitcoin address so that people can send you money at that address. Choose to download the software and keep your wallet on your computer, mobile device, or use an online wallet, or all of the above! Mobile wallets allow you to bring Bitcoin with you in your pocket. You can exchange bitcoins easily and pay in physical stores by scanning a QR code or using NFC tap to pay. Airbitz Airbitz is a mobile Bitcoin Wallet making high levels of privacy, security, and decentralization very familiar and usable to the masses. Airbitz wallets are always automatically encrypted, backed up, and even function when Airbitz servers go down. Mycelium Mycelium Bitcoin Wallet is an open source wallet for Android designed for security, speed, and ease of use. It has unique features to manage your keys and for cold storage that help you secure your bitcoins. GreenAddress Green Address is a user-friendly multi-signature wallet with improved security and privacy. At no time are your keys server side, even encrypted. For security reasons, you should always use 2FA and the browser extension or Android App. Bitcoin wallet Bitcoin Wallet for Android is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust: No central service is needed for Bitcoin-related operations. The app is a good choice for non-technical people. Online wallets are not stored on your computer at all, and so can be accessed from anywhere you are able to access the web. With an online wallet you have to take great c 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 >>

Fnb Banking App On The Appstore

Fnb Banking App On The Appstore

Simply click Legal menu option to view the latest Legal Agreement. The FNB App has a new look and so many great enhancements to improve your experience. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. The FNB App has a new look and so many great enhancements to improve your experience. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. Weve also made other small enhancements to improve your app experience. - FNB TV: Watch FNB TV to catch up on the latest products and learn more about the FNB App. - nav Car: Manage your cars in one useful place, receive fine notifications and licence disc reminders. - eBucks Partner Locator: Find an eBucks partner using augmented reality on the FNB App. - Life Insurance: Apply for life cover; critical illness cover and disability cover. - Messages (One Unified Look): Experience our new unified look on the Messages tab. - Change your pin, temporarily block your card and request statements for Credit and Cheque accounts. - Cardless cash Withdrawal functionality to registered Banking App clients in FNB Namibia, Botswana and Zambia. - Prepaid Electricity updates: Receive your token on SMS and push message - DSTV Prepaid in South Africa, Namibia, Swaziland, Zambia and Tanzania - 3D Touch options from the FNB App icon for iPhone 6S+ devices - Authenticate card activations via Smart inContact via FNB Call Centres Continue reading >>

South African Bank Tells Its Tale Of Battling Ransom Attacks

South African Bank Tells Its Tale Of Battling Ransom Attacks

South African bank tells its tale of battling ransom attacks Since November 2015, this bank has fought off groups looking for money. Editor's note: Due to an error by the source, the bank's name has since been removed from this story. In November of 2015, a bank in South Africa received a ransom email from the Armada Collective, which was quickly followed by a teaser flood attack that the bank proactively mitigated. Sort of a shot across the bow to make sure the bank knew the criminals were serious. Bank officials didnt flinch. According to a verbatim in Radware s recently released Global Application & Security survey , the bank detected and mitigated the teaser flood attack before officials discovered the email, which had been sent to an unattended mailbox while the company was closed. With a hybrid DDoS mitigation solution in place, the flood attack had no impact and was immediately diverted to a scrubbing center for cleanup. [ Prepare to become a Certified Information Security Systems Professional with this comprehensive online course from PluralSight. Now offering a 10-day free trial! ] The report revealed that ransom attacks are by far the most prevalent threatgrowing from 25% of attacks in 2015 to 41% in 2016. Whats driving the increase? Cyber ransom can be a highly lucrative business. It is faster, easier and cheaper than ever to execute this form of extortion, which gives its victims a very short window to respond before suffering what could be a devastating disruption to systems and day-to-day operations. Keep in mind these ransom email attacks are different from the common ransomware that today can hold companies' data hostage until money is paid. A senior network architect explained in the report because the bank is located in South Africa, the organization Continue reading >>

Declaring Profit On Bitcoin Trading And Speculation

Declaring Profit On Bitcoin Trading And Speculation

Declaring profit on Bitcoin trading and speculation Posted 25 November 2015 under Tax Q&A Tim uses your answers to complete your incometax return instantly and professionally, witheverything filled in in the right place. Let Tim submit your tax return direct to SARS in just a few clicks! I am earning a local profit from trading Bitcoin in various exchanges throughout the world. I have lodged this under: Other Receipts Accruals - Royalties - Amount Profit - 49224 This profit was calculated by tracking how many payments I receive FROM BitX.co.za and Ice3x.co.za (which was used to trade Bitcoin for ZAR) LESS payments made TO BitX and Ice3x, as well as all payments made to my Mercantile Bank account (which is only used to send Forex to offshore Bitcoin exchanges) as well as any other Forex payments (through my main account at FNB) destined for offshore Bitcoin exchanges. I also included a small amount for depreciation on my laptop used for the trading as well as all bank fees charged to send forex. 1. Is this the correct category for reporting this profit for the 2015 tax year where I was still earning a salary as main income ? For the 2016 tax year I have already started filing provisional tax using the same calculations as this is now my main income stream (self employed) 2. Is the profit calculation more or less correct? 3. Some of the trading profits I have kept in Bitcoin and see this as capital to be used in future and income is only realised once I convert Bitcoin to ZAR and receive these funds in my bank account. If you are trading for revenue purposes then there cannot be a capital element. You should treat them similar to trading stock. So the sales less cost of sales. For the purposes of working out Cost of Sales you would use the formula of: This needs to be co Continue reading >>

Bitcoin In South Africa

Bitcoin In South Africa

So I took the plunge yesterday afternoon and baught R5k worth of Bitcoin. The butterflies have been fluttering in my stomach ever since. I have these visions of early retirement in a few months as I strike it rich on the current gold rush. On a serious note though, I could not deny the fact that over the past 11 months, Bitcoin has increased from R12000 - R165700. Had I rejected the advise of the doomsday profits, my R5k would have been worth R69500 today. NOT BAD! Of course had I put R5k in in 2009 when a Bitcoin cost R7.20 I would have been worth R115 million today. I am sure that at some point there will be a major market correction at which point many people will loose great fortunes. For now, I have invested a comfortable amount that I could loose without having to sell my house. If I make some money, it would be more that I had yesterday which is a bonus. For those who do not know how to get into Bitcoin in South Africa, it was a lot simpler than I thought. There are 2 Bitcoin Exchanges on SA These sites allow you to register an online Wallet. You then load money into your wallet (Good old ZAR rand) with which you then buy either Bitcoin or Ethereum which are the 2 biggest coins around. I chose Luno due to some advise from a friend who had already purchased some BTC. They have a nice simple smartphone app. When loading money into my wallet, the option was EFT via all the major SA banks. In my case I used their FNB account to do the transfer from my own Internet Banking login. On their site it said that funds could take up to 48 hours to reflect, but it was there in no more than 5 minutes. I then clicked on Buy under the Bitcoin tab, entered the ZAR amount and bang, I had a fraction of a bitcoin. Since then, I have been able to watch the fluctuating price and see Continue reading >>

Bitcoin Still In Hype Cycle: Fnb

Bitcoin Still In Hype Cycle: Fnb

First National Bank (FNB) CEO Jacques Celliers believes Bitcoin is still in a "hype cycle", but that's not to say the bank is not investigating the possibilities of the crypto-currency and blockchain technology in general. "With tech innovation, you could keep yourself busy on things that don't matter and you could prove a fad or join a hype cycle. I think Bitcoin is one of those, for example. It's in a bit of a hype cycle at the moment," he told ITWeb in an interview. "From a broader customer base perspective, other than a few speculative investors, there is no real meaningful disruption that we think is necessary at this stage. But, we are investing into some of the components and we are playing with it; however, if you ask me where we put all of our resources, no, we didn't put it [in bitcoin]." He says in SA, there is "a bit of emotion and enthusiasm on the expectative value of it", but he doesn't see any real mainstream demand yet. FNB is, however, not opposed to digital currencies, and when eBucks launched almost 18 years ago, FNB's parent company FirstRand Bank said it was "the world's first bank-backed e-currency". "We started eBucks in 2000, so we had all of our strategy debates around digital currencies and e-currencies then, so we are very comfortable with what the components are that it solves. Look, [Bitcoin] has to get past the hype cycle, it has to get past the stage of the early adopters who are just about 'check how cool this is' to meaningful use cases, where things really gain momentum." On the other hand, Celliers believes Blockchain technology is "very exciting". "We have done our proof of concept, we understand what it is and what it isn't, but it needs a use case of adoption in one or two of the industries to facilitate its next leg, and that wil Continue reading >>

Fnb Namibia Holdings Ltd (fnb)

Fnb Namibia Holdings Ltd (fnb)

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