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1. #BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA HOW TO#
2. #BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA FULL#
3. #BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA REGISTRATION#
4. #BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA VERIFICATION#

You then have Ripple, which allows financial institutions to send and receive funds in a fast and low-cost environment. For example, while Bitcoin was built to challenge the global banking industry, Ethereum is focused on smart contracts. How Does Cryptocurrency Investment Work in South Africa?Įach and every cryptocurrency in the market has a specific purpose. In doing so, you’ll be able to reduce your exposure somewhat, as these digital currency projects are established. However, you are probably best to focus on cryptocurrencies that fall within the top-20 in terms of market capitalization. On the contrary, CoinMarketCap tells us that as of early 2021 – there are more than 8,600 cryptocurrencies that can be bought, sold, and traded online. However, Bitcoin isn’t the only digital currency that people in South Africa are looking to buy. It is also the most widely used and holds a status as the de-facto crypto-asset of choice. Now, Bitcoin is still the largest cryptocurrency in terms of market capitalization. Cryptocurrencies go up and down in value – in a similar nature to stocks.Instead, cryptocurrencies are stored on the blockchain – which is like a public account ledger that keeps track of each and every transaction.This means that no central bank or government owns or controls the technology. In most cases, cryptocurrencies are decentralized.

Cryptocurrencies are digital assets – meaning that they only exist in a non-tangible form.If this sounds like you – it’s absolutely crucial that you do a bit of research before you make a financial commitment.Īfter all, by buying cryptocurrency in South Africa, you are investing in a highly speculative and volatile asset.īefore we get to the nitty-gritty, let’s start with the basics: One thing is for sure – although most people in South Africa have at the very least heard of cryptocurrencies like Bitcoin, very few understand what this digital asset class is or how it works. You can also place a stop-loss order.įinally, click on the ‘Open Trade’ button to complete your spread-free cryptocurrency CFD investment! What is Cryptocurrency? In the order box, all you need to do is enter the amount of leverage and choose how many BTC/USD CFDs you want to trade. In our example, we are looking to buy Bitcoin, so click on the ‘Buy’ button.

#BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA FULL#

Then, click on ‘Crypto’ to view the full range of supported digital currencies that you can buy.

As such, you can proceed to buy cryptocurrency.įirst, click on the ‘Markets’ button, which you will find on the left-hand side of the page. Buy CryptocurrencyĪs long as you opted for an instantly-processed deposit method (debit/credit cards and e-wallets), the funds will now be situated in your Libertex account. This is because the platform supports debit cards, credit cards, bank transfers, and even e-wallets like you can buy bitcoin with Paypal, Skrill, and Neteller.

#BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA HOW TO#

If you’re wondering how to buy crypto South Africa with a convenient payment method – Libertex has you covered. Once you upload the above two documents, you can freely deposit and withdraw funds into and out of your Libertex account.

#BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA VERIFICATION#

Upload IDĪs heavily regulated cryptocurrency and stock brokers – Libertex will also need to collect a couple of verification documents from you.

#BUY BITCOIN WITH PAYPAL IN SOUTH AFRICA REGISTRATION#

To complete the first stage of the Libertex registration process, you’ll need to confirm your email address and mobile number.

Here, you’ll need to provide some personal information and contact details. We found that Libertex is by far the best option, as you can instantly buy more than 70 different cryptocurrencies CFDs with a debit/credit card or e-wallet without paying a single rand in spreads. Your first port of call will be to open an account with a safe and low-cost crypto broker. Open an Account with Libertex – Pay 0% Commission on Crypto In doing so, you’ll be able to buy cryptocurrency in South Africa in minutes!ġ. If you already know which cryptocurrency you wish to buy and want to complete the investment process right now – follow the steps outlined below. How to Buy Cryptocurrency South Africa – Step by Step Guide 2022 On top of explaining the potential risks and rewards, we also walk you through the process of buying your first crypto-asset online! In this guide, we explain the ins and outs of How to Buy Cryptocurrency South Africa in 2022. If you’re based in South Africa and looking to get your hands on a cryptocurrency like Bitcoin, Ethereum, or EOS – the process can now be completed from the comfort of your home.Īll you need is a top-rated crypto broker that offers competitive fees and your preferred South African payment.