Exchanges To Buy Bitcoin In South Africa

As you already noticed, we make sure that you regularly get your updates and information on where you can find the right bitcoin exchanges around the world. In the latest daily crypto news, we are naming some of the most popular Bitcoin exchanges in South Africa.

1. Luno

Luno is a bitcoin exchange that is very popular in South Africa. There are 0% fees when you place an order and wait for someone to buy it. It’s one of the most trusted exchanges with low withdrawal fees as well. It’s recommended, however, that you don’t use Luno’s wallet, instead get yourself a hardware one since is most secure.

2. CoinCorner

Users can purchase bitcoins on CoinCorner’s exchange by using credit or debit card or via bank transfer. If you purchase bitcoins under 100 GBP, there’s no verification required. Also, if you are not familiar with the exchanging process, there are plenty of video tutorials on buying and selling bitcoin. CoinCorner has 1 percent trading fee higher than other EU exchanges.

3. Coinmama

Coinmama is one of the exchanges that allow you to buy bitcoins without verifying your identity. In order to do that, you need to buy less than $150 worth of bitcoins. This makes small purchases very easy. Users can buy bitcoin with a debit or credit card with a 6% fee. It’s reliable and transparent. It is, however, one of the more expensive bitcoin brokers.

4. Bitit

With Bitit you can buy bitcoin online with credit or debit card very easily. It’s available in more than 50 countries worldwide. However, this is a slightly more expensive exchange than others.

5. Changelly

Using Changelly, users can buy Bitcoin with other altcoins. The exchange platform is available in South Africa but also in most states in the US, and it is extremely fast. The only downside is that you need other altcoins to purchase Bitcoin.

6. Bitcoin-OTC

Bitcoin-OTC is a p2p marketplace for people to carry out over-the-counter trading. The trading is done between two parties directly using the system called ‘’Web of Trust’’. They have acceptable rates and accept multiple currencies. However, it can be a little difficult to use for beginners.

7. ICE³X

ICE³X is a highly secure exchange platform that will allow users to buy and sell Bitcoin. The great thing about it is that you can also buy and sell other cryptocurrencies such as Ethereum, Bitcoin cash, and Litecoin. Also, you can trade Ethereum for Bitcoin. This is a South African owned company and it’s one of the most popular there.

8. Coindirect

Coindirect is actually an exchange but also a wallet platform. You can diversify your portfolio with the huge selection of digital currencies. Users can fund their accounts from their own bank account. This platform is now currently available in more than 20 countries with a plan of expanding. The fees are decent at about 0.25% on transactions.

9. BitFund

BitFund is also a combination of wallet and an exchange. They guarantee high security and are working hard to reduce even further the threat from online hackers.

10. LocalBitcoin

LocalBitcoin we’re sure you’re familiar with. This is a platform that makes possible for an in-person trading possible. You put up an ad and sell your bitcoins through it. There are minor identity checks and a lot of ways to purchase bitcoin, pesos included.

11. VirWox

VirWox basically serves as a way for people to purchase Second Life Lindens in the virtual world Second Life. You can trade your SLL for bitcoin but it will eventually cost you more in fees.

12. Coinbase

Coinbase is known to be the best exchange out there so it’s no wonder that it’s here on this list as well. Their interface is surely among the best ones and offers multiple ways of payment including credit cards and bank transfers. It’s really easy to sign up and their app is also extremely user-friendly. However, the verification process can take a long time and the fees are a little higher.

13. Kraken

It was founded in 2013 and it’s growing in popularity to this day. Deposits can be made via bank wire, SWIFT and bank deposit. It’s a trusted exchange with very low fees and deep liquidity. It provides high security as well.

14. Binance

Binance is one of the largest exchanges on the crypto market. The website is great and easy to use. There’s also a mobile app that supports your market orders. Fees are flat at 0.1% for trading but may go a little higher for high-volume traders.

15. Mycelium

Mycelium helps you to find all the local bitcoin sellers in your area. There are no fees involved but the one major downside is that users in low populated areas will have a hard time finding sellers since you meet up in person to conduct the trade. It’s easy to use and cheap to buy bitcoin with cash.