CryptoCoinsInfoClub.com

How To Buy Bitcoin In South Africa

How To Invest In Bitcoin In South Africa

How To Invest In Bitcoin In South Africa

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

Why You Pay Up To 35% More For Bitcoin In South Africa

Why You Pay Up To 35% More For Bitcoin In South Africa

Why you pay up to 35% more for Bitcoin in South Africa South Africans are beginning to ask why the price of Bitcoin on local exchanges does not translate to the dollar price when converted using current exchange rates. This is because the ZAR price, taken from local exchange Luno, is reflective of the supply/demand situation in South Africa, saysfinance analyst and CEO of PowerStocks Research , Dwaine van Vuuren. Buyers of Bitcoin on Luno have to purchase from local sellers on Luno and vice versa, he said. The global supply of Bitcoin is limited, with only 1,800 new Bitcoin minted per day. When the local demand outstrips local supply, the local price has to rise to coax holders to part with their Bitcoin. As a result, the local price of Bitcoin in ZAR can trade up to a 35% premium to the global dollar average taken from all major exchanges, he said. In an interview with MyBroadband in June, Lunos Werner van Rooyen said that the main driver ofthe local Bitcoin price was the South African market, not the exchange. Although it is easy to speculate about the causes for the Bitcoin premium seen from time to time, it is important to realise that you are not trading directly with Luno, said van Rooyen. We merely provide the platform on which buyers and sellers interact. The forces of supply and demand ultimately determine the price, he said. This price deviation between local and foreign exchanges is called an arbitrage. 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, saidvan Vuuren Since the local supply is restricted, the arbitrage is much more sensitive to, or reflective of investor euphoria which makes arbitr Continue reading >>

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In South Africa | Luno

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In South Africa | Luno

New to Bitcoin or Ethereum? Learn more on our Learning Portal Why are so many people investing in digital currencies like Bitcoin? People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money. Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money. People are buying Bitcoin because its like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment. Learn more about Bitcoin and Ethereum on our Learning Portal Why are people from all over the world choosing Luno? Were early industry pioneers and have been around since 2013, successfully processed more than a billion dollars in transactions and have happy customers in over 40 countries. People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one. Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus were backed by some of the world's top investors. When we say your money is safe, we really mean it. Weve built some of the worlds most sophisticated Bitcoin security systems and have never been compromised. 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 >>

What The South African Reserve Bank Thinks Of Bitcoin

What The South African Reserve Bank Thinks Of Bitcoin

What The South African Reserve Bank thinks of Bitcoin "Of late, corporations like Microsoft, Dell and Expedia are amongst a host of corporations that have begun to accept payments in Bitcoin. Central banks of various countries, including Indias Reserve Bank, have acknowledged Bitcoin as a currency of the future." - cointelegraph This got me thinking...India is going big on Bitcoin so what about asking suppliers in India if they will accept bitcoin in exchange for their imported products instead of following the often-times cumbersome Forex outward T/T procedures of the banks. Some banking systems could involve various steps to perform a foreign payment, and onerous document reporting requirements. Such payments could take anything from 15 to 30 minutes to complete. Imagine in a large importing concern paying multiple suppliers daily, how much time could be saved by simply making Bitcoin payments in under a minute each. The added benefit would be a 10 minute confirmation (clearing) time using Bitcoin opposed to the 2 to 3 day waiting period with the banks from date of outward T/T instruction. Another benefit is a further layer of anonymity, whereby if you pay via Bitcoin, your bank doesn't have to receive the details of your supplier and risk having one of their employees disclose such supplier to their family and friends who eventually may land up importing the same thing in competition to you. (These things can happen) My only concern was whether paying for foreign imports via Bitcoin would be legal and whether one would have to submit reporting documentation like one currently does with bank outward T/T's over 50 000.00 ZAR in value. So I asked a friend of mine who is employed by the SARB and we had the following discussion on Facebook: Friend @ SARB: ...I cannot com Continue reading >>

Buy Bitcoins Instantly In South Africa

Buy Bitcoins Instantly In South Africa

Invest in bitcoin easily and securely. Paxful is best place to buy, sell and send bitcoin with over 300 ways to pay for bitcoin including bank transfers, gift cards, Paypal, Western Union, Moneygram, your personal debit/credit cards and many more! Over 10 000 bitcoins already sold in South Africa! Select from top payment methods in South Africa. Or find any other payment method from selection below top methods. Paxful is a Peer to Peer Bitcoin marketplace connecting buyers with sellers. Simply select how you want to pay and type in how much Bitcoins you need. Our mission is to give working people a simple, fair and secure platform for trading the value of their work. Often our biggest problems revolve around money, earning it and transporting it. We are dedicated to unlocking the power of people by building a global peer to peer payment logistics platform of the future. Paxful is PayPal + Uber and the peoples Wall Street. Help other people in South Africa get bitcoin and you can earn BIG profits up to 60% on each sale. Start selling with your local bank account now, see our free guide . Paxful gets 1000's of bitcoin buyers from South Africa every day. Know alot of people who want to buy bitcoin in South Africa? With your Bitcoin Kiosk and Affiliate program you earn 2% on each trade forever by just sharing a link. Get started now . Bitcoin is a digital asset and a method of payment. Paxful makes it easy to convert your gift cards into bitcoins and out of bitcoin. Bitcoin has become a valuable asset in our digital world. You can think of it as an internet version of gold. Like gold, bitcoin price has been fluctuating and it's expected to see steady growth in bitcoin price, especially when economic times are fragile. After receiving bitcoins you can do whatever you like. Continue reading >>

Dummies' Guide To Buying Bitcoin In Sa

Dummies' Guide To Buying Bitcoin In Sa

Johannesburg - In the space of a year, the value of the worlds most popular cryptocurrency Bitcoin has soared by over 2000%. This exponential increase has created a rare and volatile investment opportunity. In December last year, one Bitcoin was worth about R11 000, but by 12:30 on Thursday, it had gone up to R234 998. READ: Bitcoin bursts to $12 000 as futures move closer to reality Earlier this year, the decentralised digital currency plunged by 18% after a consistent rise, as news began to leak that it had attracted the attention of regulators in China. When the Chinese government shut down two Bitcoin reserves, the currency was devalued before recovering to an all-time high of over R200 000. For South Africans looking to take a gamble on the cryptocurrency, which has become larger than the GDP of some nations, investing in Bitcoin is simpler than you may think, with very few steps involved. For those unfamiliar with the currency, you don't have to purchase Bitcoin as a single, whole unit but can do so in fragments. South Africans can start investing in Bitcoin from as little as R10. How to buy or sell a piece of Bitcoin using a smartphone - On either an iOS or Android device, search for the Luno app within the app store. - In Luno, select deposit money, which will lead to unique EFT deposit details with a unique Reference Number. - Using various South African online banking platforms, make the deposit for an amount of between R10 and R14 000. - Once deposited in the Luno wallet, select Buy Bitcoin and choose the amount to be deducted and used to purchase Bitcoin. - The Luno app allows users to track the price of the currency in rand throughout various time periods by means of graphs. - To sell currency, select Sell Bitcoin and enter the rand amount to be sold. The Continue reading >>

Ice3x Bitcoin Exchange South Africa

Ice3x Bitcoin Exchange South Africa

Create your free iceCUBED account on the bitcoin exchange & start trading bitcoin today! Bitcoin is Internet Currency. As a currency, bitcoin does not suffer from the limitations of physical "FIAT" currency, and has greater flexibility and security, with the transaction cost far lower than similar solutions. Bitcoin is totally secure and the network has never been breached. The Bitcoin network was created in 2008 by Satoshi Nakamoto. The idea is that merchants can accept bitcoin with minimal investment in resources and benefit from exposure to new markets as well as a reduction in the transaction charges they pay with traditional payment methods. Litecoin is similar to Bitcoin, but also the closest direct competitor. The main difference being the fact that Litecoin mining is currently resistant to ASIC hardware which means it can be generated with GPU's. Litecoins are sent and received faster than bitcoins. Litecoin was originally conceived and developed by Charlie Lee in 2011. Since its launch in 2011 Litecoin has seen steady adoption with an active community of traders, merchants, and developers. Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. "Ether" is the tradable Token that fuels the Ethereum network. Commonly associated with Bitcoin, "blockchain technology" has many other applications that go way beyond digital currencies. Ethereum is one such technology which has reached a level of maturity. The easiest and safest way to buy bitcoin in South Africa is through a registered bitcoin exchange . There are many risks when buying or selling bitcoin privately, which is why trusted exchanges are very popular. iceCUBED X have bee Continue reading >>

Buy Bitcoin In South Africa

Buy Bitcoin In South Africa

Buy bitcoin in South Africa from a bitcoin exchange We have two licenced bitcoin exchanges in South Africa for buying bitcoin, namely Ice Cubed , and Luno . Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out. Click here for a comparison of local bitcoin exchanges in South Africa Buy and trade bitcoin on localbitcoins.com LocalBitcoins.com is a website where you can find people near to you who are also looking for buyers and sellers of bitcoin. You can advertise that you would like to buy or sell bitcoin, and you can trade with other users of the localbitcoins website. Trades can happen on the website using escrow and bank transfers, or you can meet the buyers in person and trade cash. Click here for a tutorial on how to buy bitcoin on localbitcoins It is possible to use your PayPal account to buy bitcoins online suing the VirWox exchange to first purchase Linden $ (currency used in the game Second Life) and then using those to buy bitcoin. Using PayPal is risky for the vendor as the transactions can be reversed, so there might be limits to the amount of bitcoin you can purchase in the beginning. Click here for step by step instructions on how to buy bitcoin with PayPal . Buy bitcoin using your credit or debit card If you would like to buy bitcoin using your credit card, CEX.IO is the place to go to. Follow our guide to get registered, add your card to the system, deposit money, and finally buy bitcoin. Pay the USD or EUR rate for bitcoin on the CEX.IO exchange, with a 3.5% credit card fee + $0.25 fee for deposits. Our step by step guide to buy bitcoin with a credit car Continue reading >>

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 >>

How To Easily Buy Bitcoin In South Africa

How To Easily Buy Bitcoin In South Africa

How to easily buy Bitcoin in South Africa Cryptocurrency is becoming more and more popular, so much so that there are several apps for that. My boss mentioned an app for buying Bitcoin, Luno and I knew I had to test it out. So a few days ago I downloaded the app and bought R50 in Bitcoin and R50 in Ethereum (high roller, I know). Heres how to buy Bitcoin in South Africa. SEE ALSO:Why you are not making money from your blog Cryptocurrency is a digital decentralised currency that uses cryptography to secure transfers. These two features, decentralisation (no interference from central banks or governments) and the use of cryptography (secure, no steep transaction fees) arguably make cryptocurrencies so popular. An example would be Bitcoin. Bitcoin, currently one of the most popular cryptocurrencies, started in 2009. One Bitcoin (BTC) is currently worth $8000 (R112377). My R50 is currently worth R68.92 or BTC 0.00056654 after one week. The current Rand to Bitcoinrate is BTC1= R115376. Feeling dumb because you don't know much about bitcoin? You're not alone. We've got you covered: pic.twitter.com/do78TN4X6u How to buy Bitcoin in South Africa (in5 easy steps) I used Luno to buy my Bitcoin , and they recently started offering Ethereum(another cryptocurrency) so I decided to go fifty, fifty. Download the Luno app for Android or iPhone . Send money to your ZAR wallet. I did it via EFT and it reflected in a few hours. Transfer money from your ZAR wallet to Bitcoin or Ethereum. If I had a bitcoin for everyone who is suddenly a cryptocurrency expert Mike Sharman (@mikesharman) November 20, 2017 You can set up price alerts so that you know when the cryptocurrency of your choice goes up or down. You can invite friends and each earn R10 of Bitcoin when your friend spends R500 or more Continue reading >>

How To Buy Bitcoin In South Africa

How To Buy Bitcoin In South Africa

Looking to buy Bitcoin in South Africa? Heres a quick walk through to get on board with the worlds fastest-growing cryptocurrency! Bitcoin has not only cemented a reputation as the worlds foremost cryptocurrency, but has further amassed both an exponential value in net worth and a spike in worldwide interest in recent months. Whereas Bitcoin first broke the $1,000 USD barrier in January this year, a single unit presently is worth some $4600 USD marking a massive uptick in value that has set investors tongues wagging. As international investors have placed their buts on the cryptocurrency, South Africans at home and abroad have turned their attention on how they can buy Bitcoin with Rand. Fortunately, the process is an easy one thanks to the recent debut of South African trading platforms. In this article, well get to grips with how to buy Bitcoin with Rand. 1) How to buy Bitcoin 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 not only Bitcoin but further 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-minute payment window, users can dictate how much Bitcoin in BTC or Rand value they wish to purchase, and can EFT the required funds directly to Continue reading >>

How Do I Buy Bitcoins With South African Rands?

How Do I Buy Bitcoins With South African Rands?

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

How To Buy Bitcoin In South Africa

How To Buy Bitcoin In South Africa

If you are based in South Africa and want to buy bitcoin but are not sure how or where to start, then this guide if for you. In this article, you will discover the five bestbitcoin exchanges you can use to buy bitcoinin South Africa using rand. ICE3X is a digital currency exchange that offers users the ability to buy bitcoin,litecoinand ether using South African rand. Buying bitcoin on ICE3X involves the following simple steps: Log on to and create a free account. A verification mail will be sent to your email address subsequently for the verification of your ICE3X account and to activate it. Log into your ICE3X account and click on the deposit tab in the Account tab in the blue menu bar. ICE3X bank account details will be provided. You can then use your internet banking to make a bank transfer into your ICE3X trading account. It is important to include your ICE3X account number in the transaction description when making the transfer. Your account will be credited within one to three working days. After your account has been credited, you can execute a bitcoin purchase by clicking on the Rand Balance in your wallet to confirm that you are trading in the ZAR market. Then click on the trading in the menu. You will be presented with an option to either buy bitcoin,litecoin or ether. Enter the volume of bitcoin you wish to purchase and how much rand you are willing to offer for it. It is advisable to place a realistic order based on existing market pricing. Your order slip will be generated afterwards with the transaction commission reflecting. You then click on the buy tab to execute your order. Order execution might take a few moments since it will need a corresponding sell order to finalise. Your bitcoin holdings will then appear in your wallet on your ICE3X account. Lu Continue reading >>

Watch: What Can You Buy With Bitcoin In South Africa?

Watch: What Can You Buy With Bitcoin In South Africa?

WATCH: What can you buy with bitcoin in South Africa? Business Report /4 December 2017, 09:30am/Dhivana Rajgopaul You can use bitcoin in South Africa.Photo: File DURBAN - Bitcoin is the new form of currency that is taking the world by storm. Bitcoin is actually a cryptocurrency that can used as regular money. People can buy goods, clothes and pay for holidays using bitcoin. In South Africa the price of one Bitcoin is R134 741.45. You may be surprised to know that you can use bitcoin in South Africa Here are some of the stores that you can use your bitcoin at: 1. RunwaySale is the largest fashion online shopping club in South Africa. They offer up to 70% affordable designers brands that you have exclusive accessto. The sales last for online a few days and the stock is limited, so you have to be early to get the best choices. Earthchild Clothing is a proudly South African national retailer and design house that offers clothing that is natural and made of organic cotton of the best quality and comfort. This company is the biggest smart device repairers in South Africa. weFix, formerly known as iFix, repairs and services all Apple products an some Samsung devices. the devices range from iPods, iPhones, to Macs as well as Samsung smartphones and tablets. This online shopping is the biggest e-commerce retailer in South Africa. Takealot boasts of a large product variety that is split into 23 departments. when paying with bitcoin on Takealot select instant EFT when you checkout to pay for your purchase with bitcoin. Cape Coffee Beans is an online store for the coffee lovers in South Africa. This online shop is the answer to all your coffee needs. Continue reading >>

More in ethereum