Where to Buy and Sell Bitcoin in South Africa

Here are the top most popular and trusted bitcoin exchanges in South Africa where you can buy, sell, transfer and invest in bitcoins.

1] Luno

Luno: Bitcoin for everyone, everywhereAbout the company: – Luno is founded in 2013. The headquartered of Luno is in Singapore, with a development team in Cape Town and a satellite office in Palo Alto. Luno is a Bitcoin exchange its presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia.

Fees Structure: – 0% for market makers & 0% – 1% for market takers (depending on fiat currency)

Payment Method: – Bank transfer

Pros

  1. Most sophisticated Bitcoin security systems and have never been compromising.
  2. It’s easy to use.
  3. Free deposits and low withdrawal fees.

Cons

  1. Limited deposit options.
  2. No credit/debit card options.

2] Ice3x

Ice3x bitcoin exchange South AfricaAbout the company: – The ICE³X is started from 2013 and registered as ‘Internet Currency Evolution Cubed (Pty) LTD’. It is based in South Africa, South African owned and operated a company that is also part of the ‘Internet Currency Evolution. It is an ideal trading partner to BUY or SELL bitcoin in South Africa.

Fees Structure: – 1%

Payment Method: – Standard Bank and FNB

Pros

  1. Account registration is quick and easy.
  2. Providing customers with a safe and secure way to obtain bitcoins.
  3. Mobile friendly.

Cons

  • It charges relatively high fees on trades.

3] SpectroCoin

SpectroCoin: BITCOIN wallet | Buy and sell Bitcoin easilyAbout the company: – SpectroCoin is an all-in-one solution for Bitcoin. SpectroCoin builds its business policy on Bitcoin’s philosophy of making financing quicker, frictionless, and flexible.

Fees Structure: –

Payment Method: – Through credit or debit

Pros

  1. Multiple payment options.
  2. Flexible and highest quality service for clients.

Cons

  1. Spectrocoin doesn’t accept non-biometric passport as an ID.
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