Bitcoin platform South Africa 2021
          

Digital goods are on the rise

No one had ever heard of cryptocurrencies until 2009. But the invention of bitcoin spurred the creation of thousands of new electronic currencies, making the choice truly enormous. Logically, this new form of money immediately sparked a great deal of interest in making cryptocurrency a powerful business tool. And it was mainly motivated by its high volatility.

In the early days, you could find very different prices for the same cryptocurrency, including bitcoin. And because these new currencies only existed in the electronic space, they had no directly assigned value. All this led to drastic price fluctuations for all digital currencies during the first few years of their existence. It is still not stable, but a clear trend has emerged in recent years.

Some coins proved to be reliable enough to attract the attention of traders. Thus, cryptocurrencies paved the way for an exchange, where they could be freely traded. The whole process is simple enough - traders exchanged one asset for another with the aim of holding the asset until its price rises. The popularity of these activities led to the creation of many new exchanges around the world. And they all work quickly, responding to all market changes.

What is a cryptographic exchange?

Before comparing the best stock exchanges in the world, it is essential to understand how they work.

A crypto exchange is a service that allows you to exchange cryptocurrencies. Many platforms accept both fiat money and cryptocurrencies. Therefore, you can sell and buy both fiat and cryptocurrencies in any combination.

In fact, there is nothing special about making exchanges. You just need to register on the platform of your choice and start trading. These services connect real people who want to trade their digital assets. All you have to do is enter the amount you want to sell or buy and start the transaction. Then you can hold the incoming funds until their value grows and continue trading.

Cryptocurrencies are traded in the same way as any other asset. There is a certain market value, which is largely influenced by numerous external factors, the main ones being supply and demand. It can be explained that cryptocurrencies are quite unique and have no value in the real world.

In order to deposit your account on a crypto exchange, you must have an active virtual wallet. This is a service to store your crypto capital. You will use the wallet's address to send money to the exchange's account. Find out if a particular exchange accepts the coins you will be selling. Some exchanges offer their own built-in wallets, which are well secured.

When you load your foreign exchange account from your wallet, you can create a buy or sell order in the system. When the other interested customer sees your offer and is satisfied with the rates and other details, you proceed with the transaction. The purpose of the exchange is to help people do mutually beneficial business. Always check what the exchange rate requirements are for such transactions, as they may vary slightly in different locations.

What influences the value of cryptocurrencies?

Digital assets are always highly volatile and their value is difficult to predict.

Before you start actively trading on reputable cryptocurrency exchanges, make sure you know more about cryptocurrencies, especially what affects their value. It would be impossible to list all the factors, but here are the most important ones to keep in mind.

  • Limited supply. This is one of the top factors that can affect the price of a particular coin. For example, bitcoin has a preset emission. So, in many cases, it is known in advance how many coins can be issued in total. Once the coin has limited supply, it becomes extremely difficult to get more coins when current circulation gets closer to the maximum.

For example, only 21 million bitcoins can be mined. That amount is really nothing when it comes to any currency. This is the reason why bitcoin is so highly valued. This currency is already approaching its inventory limit, so fluctuations are inevitable when no more coins are expected to be in circulation. At least that is the opinion of bitcoin's major owners.

  • Demand. It is another crucial factor that significantly influences the value of this or that cryptocurrency. The more customers want to purchase a certain coin, the higher the mark is reached if the supply does not grow. In cases when supply is not limited, there is an end limit which also influences the demand.

It is not the only factor that influences demand. It is crucial that you take into account all the advantages that a particular currency offers and the regulations that apply to different currencies. Once you know the level of interest in a particular currency, you can make a rough prediction of how demand will affect its value.

  • Regulations. There is no generally accepted cryptocurrency regulation in the world financial system. In some countries, there are restrictions at all, while in others, there are still disputes on how to monitor this relatively new type of money. Experts believe that once this question is solved, the value of digital money will substantially rise.

No one can say for sure how regulation will limit the use of cryptocurrencies. Cryptocurrencies may lose their current value. But the adoption of cryptocurrencies is inevitable, and this will be reflected in their value.

  • Media. All forms of mass media always have influence on the value of cryptocurrencies. Public reaction can seriously change the value of any coin. So any information can lead to unexpected jumps of cryptocurrency. All people follow major events today, and any breaking news immediately becomes an effective tool for price prediction.

This list is not exhaustive, but these factors are the most crucial.

Exchange rate review

Today you can find many crypto exchanges and an average user often has a hard time choosing. Sometimes these services have similar offerings, but there are still differences. Therefore, it is important to know these nuances and understand how they differ if you are going to exchange cryptocurrencies.

The most important feature is the degree of security that this or that exchange offers its customers. It is crucial when you are transacting in an online environment. So when you are looking for a trustworthy exchange, make sure that is the number one criteria. A crypto exchange is your guide into the crypto world.

Coinbase

This is one of the largest exchanges. It started operating in 2012, shortly after the invention of Bitcoin. It is based in the United States and operates under all the regulations required here. Once you log into the platform, you can use one of two accounts - standard and pro. The exchange has high commissions for a standard account, while a pro account has many advantages. Pro account holders can enjoy advanced charting capabilities and effective indicators to notice even the smallest changes in the market. In addition, the service offers an extensive list of currencies that can be traded. But it would be fair to mention that some of Coinbase's competitors have an even better variety of cryptocurrencies. The exchange system is very easy to use, and even a novice will quickly learn how to navigate the site. If you are going to use the crypto exchange wallet, be assured that you are well protected against piracy. Overall, this exchange offers a truly beneficial trading environment with all the features that an average user might need in the working process. It is especially recommended for newcomers to the cryptocurrency sphere. Familiarize yourself with the most important features:

Available currencies                                     23 coins.
Fees and commissions You pay $0.00 for all transactions under $10; you pay $1.49 for transactions from $10 to $25; you pay $1.99 for transactions from $25 to $50; you pay $2.99 for transactions from $50 to $200. And for higher amounts a fixed interest rate is charged, depending on the payment method.
Portfolio A free online wallet that is compatible with mobile devices.
Payments All the main means of payment - a bank card, a bank transfer, e-services.
Security Two-factor authentication; traffic encryption with SLL protocols; the wallet is encrypted with the AES-256 protocol; only 2% of the customer's money is kept online and they are insured.
Mobile Applications For iOS and Android.

Binance

This crypto platform was founded in 2017. Despite its youth, it has managed to attract many traders. One thing is easy to explain: the exchange offers its customers more than 150 different cryptocurrencies. It is quite difficult to find a service with such an impressive choice of crypto assets. Binance doesn't just work with digital money - it also accepts fiat money, even though cryptocurrencies still dominate. It also offers to trade its own token - BNB. Very soon, the exchange reached a very high trading volume, which allowed it to take its place among the most influential crypto platforms in the world. And a flexible and affordable fee system left its competitors far behind. In record time, the platform has managed to build a huge customer base, and new users arrive on the service every day.

By registering on the site, you can make a deposit in crypto or hard cash. This feature makes trading accessible to literally anyone. The only drawback you may encounter here is the somewhat complicated setup. It can be a bit difficult for a newbie to navigate through the service. Other than that, it works very well.

Available currencies                                    740 fiat e cryptographic pairs.
Fees and commissions A flexible and competitive commission system. You pay 0.01% for a transaction and only 0.075% for transactions involving the BNB token.
Portfolio Mobile application - Trust Portfolio.
Payments All major methods are supported - bank transfer, bank cards, electronic payments.
Security The exchange has launched a unique monitoring system - CryptoSafeAlliance (CSA). It combines many services designed to improve platform security.
Mobile Applications A free app for iOS and Android.

Kraken

This exchange was launched in 2011. It has developed with impressive speed, and only in a few years has become one of the leading exchanges on the market. It remains very popular among traders, as it offers a good selection of both altcoins and fiat currencies. While some other exchanges have a larger selection, Kraken has other strong features that encourage customers to stick with it.

Users value this exchange highly for its many technical features that are vital to successful trading - extensive charting tools and margin trading. Advanced traders benefit greatly from these features. Beginners may find it difficult at first, but with some effort they too can get the hang of the interface. Once you have successfully executed your first few trades, things will speed up.

All in all, this exchange has everything a trader might need for his daily business. The only flaw that needs to be mentioned is the insufficient choice of payment methods. Therefore, before you decide to open an account on the site, you can deposit and withdraw your money freely. If you do not find the desired option, it may not be convenient for you to work with that particular exchange.

Available currencies                                  8 cryptocurrencies.
Fees and commissions For all transactions up to 50,000 of a given token, 0.16% is charged to the seller and 0.26% to the buyer. For amounts over 50,000 of a given currency, the commission changes to 0.14% and 0.24% accordingly.
Portfolio No crypto wallet.
Payments Only direct transactions from crypto wallets or a bank transfer. Bank cards are not accepted on this platform.
Security 2-factor authentication; PGP encryption; the exchange also uses a global configuration lock to prevent excessive changes to the account.
Mobile Applications Kraken Pro e Kraken Futures.

Bittrex

This exchange started in 2014. It was the time when cryptocurrencies arrived on the global financial market and became an interesting tool for trading. The founders tackled the task well, offering a truly impressive selection of coins. This allowed traders to easily diversify their trading portfolio for better results. In addition, the exchange's creators have also added a virtual wallet to their service so that users can safely store their money on the platform. The site is very reliable as many security technologies have been applied here for the safety of the customers.

Available currencies                                     More than 250 trading pairs.
Fees and commissions The exchange uses a flexible commission system, but there is a different rate for each currency.
Portfolio Cryptographic online wallet.
Payments Crypto wallets, bank cards, and bank transfers.
Security Approximately 80% of all funds are held in cold storage; 2-factor authentication; IP verification via email address once the user logs in via a new IP address; IP whitelisting.
Mobile Applications Bittrex Global and Bittrex app.

Bitmex

This fair accepted its first customer in 2014. And it took only a few years to attract thousands of traders. This was mainly due to their enticing margin trading offers. There was no other platform with such attractive requirements for binary trading. For futures, for example, a trader could use leverage, which was a powerful method of multiplying profits significantly. At the same time, leverage is a complicated mechanism that always comes with a high financial risk. Therefore, margin trading is recommended only for traders with sufficient experience in the market.

Bitmex is a reliable platform. The registration process is more than simple. It is an excellent compromise between ease of use and many additional features. Traders continue to join the exchange with the intention of getting the benefit of margin trading.

Available currencies                                     55+ trading pairs.
Fees and commissions No fees are charged for deposits and withdrawals. For all transactions, users pay 0.075% of the total transaction value.
Portfolio BitMex online portemonnee.
Payments The service only accepts cryptographic wallets.
Security Funds are stored in cold wallets; 2-factor authentication; SMS registration; multi-signature wallets.
Mobile Applications Bitmex mobiele mobiele.

Bitfinex

This fair has been running since 2012 and is considered one of the first services of its kind. It has managed to grow and remain popular all these years. The winning feature of Bitfinex is margin trading. Many traders could make a steady profit with this opportunity. As already mentioned, you must have some experience to use margin in your trading. Otherwise, there is a high risk of losing your investments.

Bitfinex doesn't have the widest selection of trading instruments on the market. But the platform has been accepting both crypto and fiat assets since 2015, which has made it extremely popular among traders. Thanks to this feature, users from all over the world can use the exchange without any problems.

Available currencies                                    140 cryptocurrencies and over 300 trading pairs.
Fees and commissions No fees are charged for deposits and withdrawals. There is a 0.1% fee for all dollar transactions, but not less than $20. The transaction fee for Fiat money is 60 US dollars. For other transactions, 0.1% is charged to the manufacturer and 0.2% to the borrower.
Portfolio Three different portfolios available - Margin, Foreign Exchange, Finance.
Payments The service accepts crypto wallets, bank cards, and wire transfers.
Security 99.5% of all money is stored in cold wallets; multiple verification steps are required to access this money so that it is safely protected.
Mobile Applications Available.

Localbitcoins

It is another pioneer among crypto exchanges. In 2012, local currencies appeared on the market. Its main feature is that it originally started as a P2P (peer-to-peer) service, and did not focus much on the volume of exchanges.  although the service is global, its customers have a local trading experience.

The platform allows any trader to find a favorable offer and discuss the fees with other participants until an agreement is reached. You can open an escrow account to facilitate the transaction process. The exchange has managed to create a truly reliable environment for trading. That is why it is popular enough, especially among industry professionals. However, it is important to note that Localbitcoins operates with slightly higher fees than other similar services.

Available currencies                                    Only Bitcoin is traded here.
Fees and commissions Buyers pay no commission, while sellers have to pay 1% of the negotiated value.
Portfolio Cryptographic wallet for btc.
Payments Bank transfers, bank cards, electronic systems.
Security 2 Authentication factor; locked account system.
Mobile Applications Nee.

Poloniex

The first transactions on this exchange were recorded in 2014. Since then, the platform has progressed quite well. It offers over 100 crypto pairs to trade in a very reliable environment. The service charges very low commissions and offers its customers many benefits. For example, the higher the volume you trade, the lower the fee you will be charged.

Poloniex has separate fees for buyers and manufacturers. This is done to encourage traders to open more positions, as manufacturers pay really small fees to do so. There is a whole list of other benefits for traders registered at Poloniex - these include chat boxes, analysis tools, news and more. The site has a very easy to navigate interface.

Available currencies                                     More than 100 currency pairs.
Fees and commissions All deposits are free of charge. Withdrawal fees are fixed for each currency. Fees are distributed to borrowers and manufacturers.
Portfolio Cryptographic online wallet.
Payments Payment methods vary according to the country in which the merchant lives.
Security 2 account authentication factor authentication.
Mobile Applications Available.

KuCoin

It is one of the youngest exchanges registered in Singapore in 2017. Despite its age, the platform was created by highly experienced market makers. Thus, the service has everything needed for successful crypto trading. Thanks to its modern features, it immediately gained popularity and attracted users from almost every country in the world.

One of the winning features is a high quality security system built into the stock exchange. It can be compared with that of the most reputable banks. A high level of encryption and multi-pass authentication are applied here. So far, there have been no cases of hacker breaches on this platform. But it is still too early to assess the security of this exchange, since it does not yet exist on the market.

Available currencies                                   200 currencies and 450 currency pairs.
Fees and commissions All deposits are free of charge. Withdrawal fees are fixed for each currency. A flat fee of 0.10% is charged for all transactions.
Portfolio Available.
Payments All major payment channels are supported, including electronic systems.
Security 2-factor authentication by Google.
Mobile Applications Available.

Bitpanda

Originally, the exchange was known as Coinimal. This Austrian service was launched in 2014. But some time later, it was renamed Bitpanda. The goal of the platform was to make crypto trading accessible and easy for every individual. To this end, the founders created an easy-to-use website, on which even a complete beginner will be able to navigate effortlessly. This approach worked well, as the exchange attracted more than a million users in just a few years.

In addition to cryptocurrencies, you can also trade other instruments here - silver and gold. The platform offers automated tools that make trading in cryptos very easy. Once you have enough experience in the industry, you can trade between digital goods and metals. The company has many affiliates around the world that offer additional opportunities to earn money. You can invest in the exchange token itself and use it to minimize your operating costs.

Available currencies                                       Meer dan 30 cryptocurrencies.
Fees and commissions All deposit and withdrawal fees are fixed for each particular currency. The same approach works for cryptocurrencies.
Portfolio Bitpanda crypto-portemonee.
Payments Bank transfers, bank cards, electronic systems.
Security 2-factor authentication for each login. Cold storage of funds. Validation via e-mail address.
Mobile Applications Available.

Coinmama

Coinmama is another decent source for crypto trading. It started its operations in 2013, when cryptocurrencies were firmly entering the global financial system. You should not treat the platform as an exchange service. Technically, you are buying and selling assets for the exchange itself.

The choice of cryptocurrencies is not that large on this platform. Once you buy cryptocurrencies through your credit card, be prepared, there is a limit to the amount you can buy. And don't forget to check what commission will be charged for the amount you wish to redeem. There are many payment channels accepted on the website. You can also find decent multilingual support, since the exchange focuses on the global market. The only downside is that there is no crypto wallet on this platform. Otherwise, it is a good option for a beginner.

Available currencies                                    Meer dan 10 cryptocurrencies.
Fees and commissions A service fee is charged for the use of a bank card. Fixed fees for selling and buying cryptocurrency.
Portfolio There is no portfolio available.
Payments Bank transfers, bank cards, electronic systems, SEPA and SWIFT payments.
Security Fiduciary guardianship and Comodo protection technologies.
Mobile Applications Available.

Paxful

This exchange started serving traders in 2015, it was registered in the United States. From the beginning, the service targeted the global audience, accepting customers from Europe and the United States. The platform itself is quite simple, with reliable protection and affordable prices. In other words, Paxful can be called a P2P exchange. When you start working here, you will need to create your wallet. You can examine the wallets of other traders and evaluate their reliability before confirming a transaction.

One of the biggest flaws of this service is that it only allows you to exchange bitcoin. In fact, you can use a whole list of currencies to pay bitcoin. But when it comes to a selling transaction, you can only sell bitcoin. There is a 1% fee on all sales, while purchases are free. The exchange supports many payment methods.

Available currencies                                    Bitcoin.
Fees and commissions A 1% fee is charged on all sales, while purchases are free. An additional commission may be charged depending on the payment method chosen.
Portfolio De Paxful portemonnee app.
Payments All known payment methods are supported.
Security Authentication procedure required; 2 factor authentication.
Mobile Applications Paxful portemonnee app.

HitBTC

This exchange is based in Denmark. It was launched in 2013. The service was created to provide individuals with the widest possible choice of cryptocurrencies. Currently, the exchange offers over 800 trading pairs. You will be able to find even the rarest coins on this platform. This approach is an excellent way for users to diversify their investment portfolio. HitBTC offers a demo account that allows any new customer to test the service for free. All customer funds are protected by the most reliable technologies. The exchange allows customers to trade large volumes.

The disadvantage of the platform is that it does not accept fiat money. Only cryptocurrencies can be traded here. But to overcome this disadvantage, the exchange has added a special built-in system where you can buy digital currencies and pay with a bank card. But in that case you will have to pay higher commissions.

Available currencies                                     800 trading pairs.
Fees and commissions All deposits are free of charge. The withdrawal rate is fixed for each currency. Multi-level trading system.
Portfolio No crypto wallet.
Payments Only cryptocurrencies are accepted.
Security 2-factor authentication; high-level encryption technology.
Mobile Applications Nee.

As you can see, the market is full of excellent stock exchanges. Now you must analyze your needs and choose the one that best meets your expectations.

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