How to Buy Bitcoin in South Africa
Are you looking to get into the exciting world of bitcoin?
Well, with its many lucrative opportunities, it really is no surprise to see more and more investors get involved in Bitcoin in the South African region. People are making ridiculous money riding the Bitcoin and Cryptocurrency trend.
So, how exactly does one go about getting involved with Bitcoin in South Africa?
The truth of the matter is that you have a variety of buying options available to you. They’ll be explored in greater depth below.
Trade Bitcoin CFD’s Easily With 24option.com
Another exchange that is growing in popularity is 24option.com. By utilizing this trading site, you can literally trade your bitcoin with a leverage of a 1 to 10 ratio. This means that if you have R1000 to trade with, you can use this to leverage your trade to R10 000. If your investment goes up 50% you’ll make R5000 instead of R500.
In addition to this, the trading site gives you access to free charting and analysis software that offers immediate and real-time results on your trades and exchanges.
How To Buy Bitcoin From A Local Exchange
Your first option for purchasing Bitcoin is a local exchange. A Local exchange is basically a digital marketplace that allows traders to buy and sell bitcoin. One of the best things about these exchanges is that they deal in a variety of currencies. These exchange pretty much act as an intermediary between the buyer and seller, similar to that of an auction site.
While there are tons of exchanges available, you always want to buy and sell with ones that you trust. Ice3x.com and Luno.com are two trustworthy marketplaces that are often utilized in South Africa.
How To Buy And Trade Bitcoin On LocalBitCoins
Another well-known and utilized digital marketplace is LocalBitCoins South Africa. This marketplace currently offers trading in 16149 cities and 248 countries around the world. Buying and trading is fairly simple, as all you have to do is sign up for a free account.
After signing up for your account, all you have to do is navigate your way back to the main page and fill out the search box. You can customize your search so that you can search for vendors that are located in the South African region and vendors that want to sell in your currency. After completing the search, you will be given a list of individual vendors that met your search criteria.
Buy Bitcoin In South Africa By Using PayPal
PayPal is one of the most popular worldwide payment systems in South Africa and you can actually use it to purchase bitcoin. The first thing that you need to do is find a local exchange to trade with. Keep in mind that PayPal will charge you right around 9% in fees, but this is without a doubt one of the easiest, cheapest, and fastest method of buying bitcoin online. After finding a trustworthy broker, all you have to do is register an account on their website, add funds to your PayPal account, find a reputable vendor, confirm the payment, and withdraw the bitcoins from your exchange.
Recommended Bitcoin Trading Courses
There are a lot of risks and strategies when it comes to investing in bitcoin in South Africa. If you truly want to get the most out of your experience and maximum your chances of success, you should consider enrolling in an online trading course. Institutes like Crypto Currency will not only give you the basics you need to get started in the trading market, but they will also provide you with key insider techniques and methods that many of the experts utilize on a daily basis.