Buy Bitcoin From Exchanges in South Africa
There are two easy ways one can Buy Bitcoins online in South Africa, they can be purchased directly from individuals who have Bitcoin using cash or EFT or they can purchased from a Bitcoin exchange using a variety of payment methods including local bank transfers and card payments.
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.
Buy Bitcoins With EFT in South Africa
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 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.
Buy Bitcoins with Credit Card
It is not normally advisable to use a Credit Card or Paypal to transact in Bitcoin as the transactions using these methods are easily reversible.
However, there is one exchange you can trust as they are one of the longest standing Bitcoin exchanges that does. In order to purchase Bitcoins using your Credit card, you will need to first purchase Linden Dollars from Virwox (The ingame currency from Secondlife). These can then easily be converted to Bitcoin which you can send to your own Bitcoin Wallet.
Buy Bitcoin with your credit card in South Africa.
Bitcoin Debit Card
Get a bitcoin debit card, easily spend your Bitcoins at any debit card processing terminal or use them to shop online. A Bitcoin Debit Card automatically exchanges your Bitcoin to the base currency upon purchase.
SpectroCoin offers Bitcoin Exchange, Payment Processing, Wallet and Bitcoin Debit card services in multiple currencies.
- Multiple Currencies – EUR / USD / GBP
- Low Cost Debit Card
- Can be used in over 130 countries
Bitcoin Exchanges in South Africa
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.