Cryptocurrency exchange South Africa 2021
          

Digital assets are on an upward trend

Before 2009, no one had heard of cryptocurrencies. But the invention of bitcoin gave rise to thousands of new electronic currencies, making the choice truly enormous. Logically, this new type of money immediately aroused great interest in making cryptocurrency a powerful trading instrument. And this was mainly justified by its high volatility.

In the beginning, you could find very different prices for the same cryptocurrency, including bitcoin. And since these new currencies only existed electronically, they did not have a directly assigned value. All this led to dramatic fluctuations in the price of all digital currencies in the first few years of their existence. It is still not stable, but a clear trend has emerged in recent years.

Some currencies have proven to be so reliable that they have attracted the attention of traders. Thus, cryptocurrencies have made their way onto exchanges where they can be freely traded. The whole process was quite simple: traders exchanged one asset for another with the intention of holding it until its price rose. Their popularity has led to the creation of many new exchanges around the world. And all of them work by reacting quickly to all market changes.

What is a cryptocurrency exchange?

Before comparing the world's major stock markets, it is important to understand how they work.

A cryptocurrency exchange is a service that allows you to trade cryptocurrencies. Many platforms accept both fiat money and electronic currencies. Thus, you can sell and buy both fiat currencies and cryptocurrencies in any combination.

There is really nothing special about how an exchange works. All you have to do is register on the platform of your choice and start trading. These sites 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 trading. You can then hold the funds you receive until their value increases and continue trading them.

Cryptocurrencies are traded like any other asset. There is a certain market value, which largely depends on a number of external factors, the main ones being supply and demand. This can be explained by the fact that cryptocurrencies are completely unique and have no value in the real world.

To fund your account on a cryptocurrency exchange, you must have an active virtual wallet. This is a service used to store your cryptocurrency capital. It will use your wallet address to transfer funds to your exchange account. Check if the exchange in question accepts the coins you intend to sell. Some exchanges offer their own integrated wallets, which are well protected.

By funding your exchange account from your portfolio, you can create a buy or sell order in the system. When another interested customer sees your offer and is satisfied with the rates and other details, they will initiate the transaction. Thus, the purpose of the exchange is to help people conduct mutually beneficial transactions. Always check the exchange requirements for this type of transaction, as they may vary slightly from site to site.

What affects the value of cryptocurrencies?

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

Before you start actively trading on reputable cryptocurrency exchanges, be sure to learn more about cryptocurrencies and, in particular, what influences their value. It is 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. That is why bitcoin is so highly valued. This currency is already approaching its supply limit, so fluctuations are inevitable when no more coins are expected to be in circulation. At least, that is the opinion of the main holders of bitcoins.

  • 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.

This is not the only factor affecting demand. It is important to take into account all the advantages offered by a particular currency, as well as the rules that apply to different currencies. When the level of interest in a particular currency is known, the degree of influence of demand on its value can be roughly predicted.

  • 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 with certainty how the regulations will limit the use of cryptocurrencies. Electronic currencies could lose their current value. But cryptocurrency adoption is inevitable and 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 complete, but these factors are the most important.

Stock market overview

Today you can find many cryptocurrency exchanges, and the average user often has a hard time deciding which one to choose. Sometimes these services may have similar offers, but there are also differences. Therefore, it is important to learn these nuances and understand how they differ if you intend to trade cryptocurrencies.

The most important feature is the level of security that this or any other exchange provides to its customers. This is very important when transacting in an online environment. So, when looking for a reliable exchange, make sure that this is the number one criterion. A cryptocurrency exchange is your guide in the world of cryptocurrencies.

Coinbase

It is one of the largest exchanges. It started operating in 2012, shortly after Bitcoin was invented. It is based in the US and operates according to all the standards required here. Once you have joined the platform, you can use one of two accounts: standard and pro. This exchange has high commissions for the standard account, while the pro account has many advantages. Pro account holders can take advantage of advanced charting features and powerful indicators that allow you to see even the smallest changes in the market. In addition, the service offers an extensive list of currencies to trade. But it must be said 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 exchange's cryptocurrency wallet, you can rest assured that you are well protected against hacking. Overall, this cryptocurrency exchange offers a really cost-effective trading environment with all the features a regular user may need in the process. It is especially recommended for those who are new to the cryptocurrency industry. Check out the main features:

Coins available                                      23 coins.
Fees and commissions For all transactions under $10 you will pay $0.00; for transactions from $10 to $25 you will pay $1.49; for transactions from $25 to $50 you will pay $1.99; for transactions from $50 to $200 you will pay $2.99. And for higher amounts, you are charged a fixed interest rate depending on the method of payment.
Cartera A free online wallet compatible with mobile devices.
Payments All major payment methods: bank card, bank transfer, electronic services.
Security Two-factor authentication; traffic encryption using SLL protocols; the wallet is encrypted using AES-256; only 2% of customer funds are stored online and secured.
Mobile applications For iOS and Android.

Binance

This cryptocurrency platform was founded in 2017. Despite its youth, it has managed to attract many traders. This is easily explained by one thing: the exchange offers its customers more than 150 different cryptocurrencies. It is quite difficult to find a service with such an impressive selection of cryptocurrency assets. Binance does not only work with digital money, it also accepts fiat money, even though cryptocurrencies still dominate. It also offers trading of its own token, BNB. Quickly, the exchange reached a very high trading volume, giving it its rightful place among the most influential cryptocurrency platforms on the global scene. And its flexible and affordable payment system has left its competitors far behind. In record time, the platform has managed to build a huge customer base, with new users joining every day.

By registering on the website, you can make a deposit in cryptocurrencies or fiat money. This feature makes the exchange accessible to literally everyone. The only drawback you may encounter is that the setup is a bit complicated. It can be a bit difficult for newbies to navigate the site. Otherwise, everything works fine.

Coins available                                    740 for fiat and crypto.
Fees and commissions A flexible and competitive commission system. It pays 0.01% per transaction and only 0.075% for transactions with a BNB token.
Cartera The mobile application is Trust Wallet.
Payments All basic methods are supported: bank transfer, bank cards, electronic payments.
Security The exchange has launched a unique monitoring system, CryptoSafeAlliance (CSA). It combines several services to enhance platform security.
Mobile applications Free app for iOS and Android.

Kraken

This exchange entered the market in 2011. The service has grown at an impressive rate and in just a few years has become one of the leading exchanges in the market. It remains very popular among traders as it offers a good selection of both altcoins and fiat currencies. While other exchanges have more options, Kraken has other strengths that encourage customers to stick with it.

Users appreciate this exchange for the many technical features that are essential for successful trading: comprehensive charting tools and margin trading. Advanced traders benefit greatly from these features. Novice traders may find it difficult at first, but with some effort, they too will be able to master the interface. Once you successfully make your first trades, things will start to go faster.

Overall, this exchange has everything a trader might need on a day-to-day basis. The only drawback to mention is the insufficient choice of payment methods. Therefore, before you decide to create an account on the site, check whether you will be able to deposit and withdraw your funds freely. If you do not find the right option, it is possible that working with this particular exchange will not suit you.

Coins available                                     8 cryptocurrencies.
Fees and commissions For all transactions up to 50,000 units of this token, the seller charges a commission of 0.16% and the buyer 0.26%. For amounts above 50,000 of this coin, the commission becomes 0.14% and 0.24% respectively.
Cartera There is no cryptocurrency portfolio.
Payments Only direct transactions from cryptocurrency wallets or bank transfer. Bank cards are not accepted on this platform.
Security Two-factor authentication; PGP encryption; the exchange also uses global locking of settings to prevent too frequent changes to the account.
Mobile applications Kraken Pro в Kraken Futuros.

Bittrex

This exchange was launched in 2014. It was a time when cryptocurrencies made their way into the global financial market and became an interesting tool for trading. Its founders approached the task in the right way, offering a truly impressive selection of coins. This allowed traders to easily diversify their trading portfolios for better results. In addition, the creators of the exchange have also added a virtual wallet to their site, allowing users to store their funds securely on the platform. The site is quite secure, as many security technologies have been implemented to keep clients safe.

Coins available                                    More than 250 trading pairs.
Fees and commissions The exchange uses a flexible commission system, but there is a different commission for each currency.
Cartera An online cryptocurrency wallet.
Payments Cryptocurrency wallets, bank cards and bank transfers.
Security About 80% of all funds are cold-stored; two-function authentication; IP address verification by e-mail when a user logs on with a new IP address; IP address whitelisting.
Mobile applications Bittrex Global in the Bittrex application.

Bitmex

This exchange received its first customer in 2014. And it only took a few years to attract thousands of traders. This was mainly due to the tempting margin trading offers. There was no other platform with such attractive requirements for binary trading. In futures, for example, a trader could use leverage, which was a powerful way to multiply profits significantly. At the same time, leverage is a complicated mechanism that always carries a high financial risk. Therefore, trading on margin is only suitable for traders with sufficient experience in the market.

Bitmex is a reliable platform. The registration process is more than simple. It is the perfect compromise between ease of use and a number of additional features. Traders join the exchange with the intention of taking advantage of margin trading.

Coins available                                       More than 55 pairs of quotations.
Fees and commissions No commission is charged for deposits and withdrawals. Users pay 0.075% of the total transaction amount for all transactions.
Cartera BitMex online wallet.
Payments The service only accepts cryptocurrency wallets.
Security Funds are stored in cold wallets; Two-factor authentication; Registration via SMS; Multi-signature wallets.
Mobile applications Bitmex mobile application.

Bitfinex

This exchange has been in operation since 2012 and is considered one of the first of its kind. Over the years, it has managed to grow and remain popular. A winning feature of Bitfinex is margin trading. Many traders have been able to make consistent profits using this feature. As mentioned above, you need to have some experience to use margin in your trades. Otherwise, there is a high risk of losing your investment.

Bitfinex does not have the widest selection of trading instruments on the market. But since 2015, the platform accepts both cryptocurrencies and fiat assets, which has made it extremely popular among traders. Thanks to this feature, users from all over the world can easily use the exchange.

Coins available                                       140 cryptocurrencies and more than 300 trading pairs.
Fees and commissions No commission is charged for deposits and withdrawals. All transactions in U.S. dollars are subject to a fee of 0.1%, but not less than $20. The fee for fiat money transactions is $60. For other transactions, the service charges 0.1% for the introducer and 0.2% for the acceptor.
Cartera Three different portfolios are available: margin, exchange and financial.
Payments The service accepts cryptocurrency wallets, bank cards and bank transfers.
Security 99.5% of all funds are stored in cold wallets; it takes several authentication steps to get to this money, so it is secure.
Mobile applications Available.

Localbitcoins

It is another pioneer among cryptocurrency exchanges. Localbitcoins entered the market in 2012. Its main feature is that it originally started as a P2P (peer-to-peer) service and did not focus on trading volume.

The platform allows each trader to find a profitable offer and discuss bets with other participants until an agreement is reached. To facilitate trading, you can open a deposit account. The exchange has managed to create a really solid trading environment. That is why it is quite popular, especially among newcomers to the sector. However, it should be noted that Localbitcoins operates with slightly higher fees than other similar sites.

Coins available                                     Only bitcoin is traded here.
Fees and commissions Buyers pay no commission, while sellers are charged 1% of the transaction amount.
Cartera A cryptocurrency wallet for btc.
Payments Bank transfers, bank cards, electronic systems.
Security 2-function authentication; deposit account system.
Mobile applications Ni.

Poloniex

The first transactions on this exchange were recorded in 2014. Since then, the platform has developed quite successfully. It offers more than 100 cryptocurrency pairs for trading in a highly secure environment. The service charges very low commissions and offers many advantages to its customers. For example, the higher your trading volume, the lower the commission you will be charged.

Poloniex applies separate commissions for traders and brokers. This is done to encourage traders to open more positions, as brokers pay really small commissions for doing so. There is a whole list of other advantages for traders registered with Poloniex, such as a chatbox, analytical tools, a news feed and much more. The website has a very easy to navigate interface.

Coins available                                     More than 100 currency pairs.
Fees and commissions All deposits are free of charge. Withdrawal fees are fixed for each currency. Fee sharing for acceptors and executors.
Cartera An online cryptocurrency wallet.
Payments The form of payment depends on the country of residence of the trafficker.
Security 2-factor account authentication.
Mobile applications Available.

KuCoin

It is one of the youngest exchanges listed in Singapore in 2017. Despite its age, the platform was created by very experienced market participants. Therefore, the service has everything necessary for successful cryptocurrency trading. Thanks to its cutting-edge features, it immediately gained popularity and attracted users from almost all countries of the world.

One of the winning features is the high-level security system implemented by the exchange. It can be compared to that used by the most reputable banks. It uses high-level encryption and multi-level authentication. To date, not a single case of hacking has been recorded on this platform. However, it is too early to assess the security of this exchange due to its lack of market presence.

Coins available                                      200 chips and 450 currency pairs.
Fees and commissions All deposits are free of charge. Withdrawal fees are fixed for each currency. All transactions are subject to a fixed commission of 0.10%.
Cartera Available.
Payments All major payment channels are supported, including electronic systems.
Security Google 2-factor authentication.
Mobile applications Available.

Bitpanda

The exchange was originally known as Coinimal. This Austrian service was launched in 2014. However, some time later, it was renamed Bitpanda. The goal of creating the platform was to make cryptocurrency trading accessible and easy for everyone. To do this, the founders created a user-friendly website that even a beginner could easily navigate. This approach has paid off, as the exchange has attracted more than a million users in just a few years.

In addition to cryptocurrencies, you can also trade other instruments here, such as silver and gold. The platform offers automated tools that make trading cryptocurrencies very easy. Once you gain enough experience in this industry, you will be able to trade between digital assets and metals. The company has many affiliates around the world that offer additional earning opportunities. You can invest in your own exchange token and use it to minimize transaction fees.

Coins available                                   More than 30 cryptocurrencies.
Fees and commissions All deposit and withdrawal fees are fixed for each specific currency. The same approach works for cryptocurrency trading.
Cartera Bitpanda cryptocurrency wallet.
Payments Bank transfers, bank cards, electronic systems.
Security 2-factor authentication for each login. Cold storage of funds. Validation via email address.
Mobile applications Available.

Coinmama

Coinmama is another worthy source for cryptocurrency trading. It was launched in 2013, when cryptocurrencies made their way into the global financial system. You should not think of this platform as a cryptocurrency exchange service. Technically, you buy and sell assets on the exchange itself.

The selection of cryptocurrencies on this platform is not that wide. If you buy bitcoins with a credit card, be prepared for the fact that there is a limit on the amount you can buy. And don't forget to check what commission you will be charged for the amount you want to redeem. There are a number of payment channels accepted on the website. In addition, you will find decent multilingual support as the exchange is oriented to the global market. The only drawback is that there is no cryptocurrency wallet on this platform. Otherwise, it is a good choice for beginners.

Coins available                                    More than 10 cryptocurrencies.
Fees and commissions A service fee is charged for the use of the bank card. Fixed fees for selling and buying cryptocurrencies.
Cartera The portfolio is not available.
Payments Bank transfers, bank cards, electronic systems, SEPA and SWIFT payments.
Security Trust Guard and Comodo's synchronization technology.
Mobile applications Available.

Paxful

This exchange began serving traders in 2015 and was registered in the United States. Since its inception, the service has focused on a global audience, accepting clients from Europe and the United States. The platform itself is fairly straightforward, with solid security and affordable fees. In other words, Paxful can be called a P2P exchange. If you are starting here, you will need to build your portfolio. Before confirming a trade, you can look at other traders' portfolios and assess their reliability.

One of the major drawbacks of this service is that it only allows you to operate in bitcoin. In fact, you can use a whole list of currencies to pay with bitcoin. But when it comes to selling transactions, you can only sell bitcoins. There is a 1% commission for each sale, while purchases are free. The exchange supports multiple payment methods.

Coins available                                   Bitcoin.
Fees and commissions A 1% fee is charged for each sale, while purchases are free of charge. Depending on the payment method selected, additional fees may apply.
Cartera Paxful wallet application.
Payments All known payment methods are supported.
Security Mandatory verification procedure; 2-factor authentication.
Mobile applications Paxful wallet application.

HitBTC

This exchange is based in Denmark. It was launched in 2013. The service was created to offer the largest possible selection of cryptocurrencies for individuals. The exchange currently offers more than 800 trading pairs. Even the rarest coins can be found on this platform. This approach is a great way for users to diversify their investment portfolio. HitBTC offers a demo account for every new customer to test the service for free. All client funds are protected by the most secure technology. The exchange allows you to trade in large volumes.

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

Coins available                                    800 commercial pairs.
Fees and commissions All deposits are free of charge. Withdrawal rates are fixed for each currency. Multi-level trading system.
Cartera There is no cryptocurrency portfolio.
Payments Only cryptocurrencies are accepted.
Security 2-function authentication; high-level encryption technology.
Mobile applications Ni.

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

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