Pages to buy cryptocurrencies South Africa 2021
          

Digital assets are on the rise

Until 2009, no one had heard of cryptocurrencies. But the invention of the Bitcoin sparked the emergence of thousands of new electronic currencies, making the choice truly gargantuan. Logically, this new currency immediately generated great interest in making cryptocurrencies a powerful trading tool. The main reason was the high volatility.

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

Some currencies proved reliable enough to attract the attention of traders. Thus, cryptocurrencies entered an exchange where they could be freely traded. The process is quite simple: traders exchange one asset for another with the intention of keeping it until its price rises. The popularity of this activity led to the creation of many new exchanges around the world. And all of them work quickly and react to all the changes in the market.

What is a crypto exchange?

Before comparing the best stock markets in the world, you need 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 currency. So you can sell and buy both fiat currencies and cryptocurrencies, in any combination.

In reality, there is nothing special about the trading service. All you have to do is register on the chosen platform and start trading. These services connect real people who want to trade their digital assets. You just need to enter the amount you want to sell or buy and start the transaction. You can then hold the funds you receive until their value increases and trade them further.

Cryptocurrencies are traded in the same way as other assets. There is a certain market value that is largely influenced by various external factors, the most important of which are supply and demand. It can be stated that cryptocurrencies are rather unique and have no real value.

To create your account on a cryptocurrency exchange, you need an active virtual wallet. This is a service for storing your cryptocurrency. You will use the wallet address to transfer funds to the exchange account. Find out if a particular exchange accepts the coins you want to sell. Some exchanges offer their own integrated wallets, which are well secured.

Once you have upgraded your exchange account through the wallet, you can create a buy or sell order in the system. Once the other interested customer sees your offer and agrees to the prices and other details, the transaction is initiated. Thus, the purpose of the exchange is to help people reach mutual benefit. Always pay attention to the requirements for this type of transaction, as they may differ slightly on different websites.

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, you need to learn more about cryptocurrencies, especially what affects their value. It would be impossible to list all the factors, but here are the most important ones you should consider.

  • 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. This amount is really nothing when it comes to a currency. This is why Bitcoin is valued so highly. This currency is already approaching its inventory limit, so fluctuations are inevitable when no more coins are expected to come into circulation. At least that is the opinion of major Bitcoin holders.

  • 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 that affects demand. It is important to consider all the advantages that a particular currency offers, as well as the regulations that apply to different currencies. Once you know the interest in a particular currency, you can predict an approximate amount of demand that 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. Electronic currencies may lose their current value. But the acceptance of cryptocurrencies 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 exhaustive, but these factors are the most important.

Overview of exchanges

Today there are many cryptocurrency exchanges, and an average user often has trouble choosing one. Sometimes these services have similar offers, but still there are differences. Therefore, it is important to know these nuances and understand the differences when you want to trade in cryptocurrencies.

The most important feature is the level of security that this exchange offers its customers. This is crucial when you are transacting in an on-line environment. So if you are looking for a reliable exchange, make sure that this is the most important criterion. A cryptocurrency exchange is your guide in the world of cryptocurrencies.

Coinbase

It is one of the largest exchanges. It began operations in 2012, shortly after the invention of bitcoin. It is based in the United States and operates under all the rules that apply here. Once you join the platform, you can use one of two accounts: Standard and Pro. This exchange charges high fees for a Standard account, while a Pro account offers many benefits. Pro account holders enjoy advanced charting features and powerful indicators that allow you to notice even the slightest changes in the market. The service also offers an extensive list of currencies to trade. However, it is fair to mention that some of Coinbase's competitors have an even larger selection of cryptocurrencies. The exchange system is very easy to use and even a beginner will quickly learn how to navigate the website. If you use the exchange's cryptocurrency wallet, you can rest assured that you are well protected from hacks. Overall, this cryptocurrency exchange offers a truly beneficial trading environment with all the features an average user needs when working. It is especially recommended for newcomers to cryptocurrencies. Familiarize yourself with the main features:

Coins available                                   23 coins.
Fees and commissions 0.00 is paid for all bets under $10; $1.49 is paid for bets from $10 to $25; $1.99 is paid for bets from $25 to $50; $2.99 is paid for bets from $50 to $200. And a flat fee is charged for higher amounts, depending on the payment method.
Cartera A free online portfolio that is compatible with mobile devices.
Payments All major payment methods: bank card, bank transfer, electronic services.
Safety Two-factor authentication; encryption of data traffic with SLL protocols; wallet is encrypted with AES-256 protocol; only 2% of customer's money is stored and secured online.
Mobile applications For iOS and Android.

Binance

This cryptocurrency platform was founded in 2017. Although it is still young, 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 cryptocurrencies. Binance not only works with digital money, but also accepts fiat money, although cryptocurrencies still dominate. It also offers the ability to trade with its own token: BNB. Soon, the exchange reached a very high trading volume, rightfully giving it a place among the most influential cryptocurrency platforms worldwide. And a flexible and affordable fee system left its competitors far behind. In record time, the platform managed to build a huge customer base, with new users every day.

When you register on the website, you can make a deposit in cryptocurrency or fiat money. This feature literally makes the exchange accessible to everyone. The only drawback you may find here is the somewhat complicated setup. For a beginner, it can be a bit difficult to find your way around the service. Other than that, it works very well.

Coins available                                    740 fiat in crypto paren.
Fees and commissions A flexible and competitive commission system. You pay 0.01% for a transaction and only 0.075% for transactions with NBB tokens.
Cartera Mobile application - Trusted portfolio.
Payments All major methods are supported: bank transfer, bank cards, electronic payments.
Safety The exchange has implemented a unique verification system: CryptoSafeAlliance (CSA). It combines many services designed to increase the security of the platform.
Mobile applications A free app for iOS and Android.

Kraken

This exchange was launched in 2011. The service developed with impressive speed and within a few years became one of the leading exchanges on the market. It remains very popular with traders because it offers a good selection of altcoins and fiat currencies. Although other exchanges offer a wider selection, Kraken has other strong features that encourage customers to stay with it.

Users appreciate this exchange for its various technical features, which are essential for successful trading: comprehensive charting tools and margin trading. Advanced traders benefit greatly from these features. Beginners may struggle with them at first, but with a little effort, they too can master the interface. Once you have successfully completed your first trades, everything will speed up.

In short, this exchange offers everything a trader needs for his daily routine. The only downside worth mentioning is the inadequate choice of payment options. Therefore, before you decide to open an account on the website, you should check whether you can deposit and withdraw freely. If you do not find the option you want, then you may not want to work with this particular exchange.

Coins available                                   8 Cryptocurrencies.
Fees and commissions For all transactions up to 50,000 of a given token, the seller is charged 0.16% and the buyer is charged 0.26%. For amounts over 50,000 of a given token, the commission changes accordingly to 0.14% and 0.24%.
Cartera There is no wallet for cryptocurrency.
Payments Only direct transactions from crypto wallets or a bank transfer. Bank cards are not accepted on this platform.
Safety 2-factor authentication; PGP encryption; the exchange also uses a global configuration lock to prevent excessive changes to the account.
Mobile applications Kraken Pro y Kraken Futures.

Bittrex

This exchange started in 2014. It was the time when cryptocurrencies made their appearance on the global financial market and became an interesting tool for trading. The founders have done their job well by offering a truly impressive selection of coins. They allow traders to easily diversify their trading portfolio for better results. Moreover, the makers of the exchange have also included a virtual wallet in their service, which allows users to keep their money safe on the platform. The website is very reliable, as many protective technologies have been applied for the safety of the customers.

Coins available                                      More than 250 trading pairs.
Fees and commissions The exchange uses a flexible commission system, but there is a different rate for each currency.
Cartera Online wallet for cryptocurrency.
Payments Cryptocurrency wallets, bank cards and bank transfers.
Safety About 80% of all funds are stored cold; 2-factor authentication; IP verification via email address once a user connects via a new IP address; IP whitelisting.
Mobile applications Bittrex Global y Bittrex App.

Bitmex

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

Bitmex is a reliable platform. The sign-up process is more than simple. It is an excellent compromise between ease of use and a plethora of additional options. Traders enroll in the exchange again and again to enjoy the benefits of margin trading.

Coins available                                     55+ Handelspaare.
Fees and commissions No fees are charged for deposits and withdrawals. For all transactions, users pay 0.075% of the total amount of the transaction.
Cartera BitMex online portemonnee.
Payments The service only accepts wallets for cryptocurrency.
Safety Funds stored in cold wallets; 2-factor authentication; SMS registration; multi-signature wallets.
Mobile applications Bitmex mobile application.

Bitfinex

This fair has been in operation 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 most notable feature of Bitfinex is margin trading. Many traders have been able to make a steady profit with this facility. As mentioned above, you must have some experience to use margin in your trades. Otherwise, there is a high risk of losing your investments.

Bitfinex does not have the largest selection of trading instruments on the market. But the platform has been accepting both cryptocurrencies and fiat assets since 2015, which has made it very popular with 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 fees are charged for deposits and withdrawals. A 0.1% fee is charged for all US dollar transactions, with a minimum of USD 20. For all other transactions, the service charges 0.1% for the sender and 0.2% for the receiver.
Cartera Three different portfolios available - Margin, Exchange, Financing.
Payments The service accepts cryptocurrency wallets, debit cards and bank transfers.
Safety 99.5% of all money is stored in cold wallets. Accessing this money requires multi-layered authentication to keep it securely protected.
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 rather than focusing on trading volume. Although the service is global, its customers have a local trading experience.

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

Coins available                                    Only Bitcoin is traded here.
Fees and commissions Buyers pay no commission, while sellers must pay 1% of the amount traded.
Cartera Cryptocurrency wallet for btc.
Payments Bank transfers, bank cards, electronic systems.
Safety 2-factor authentication; system of blocked accounts.
Mobile applications Nee.

Poloniex

The first transactions on this exchange were registered in 2014. Since then, the platform has developed quite well. It offers more than 100 cryptocurrency pairs to trade in in a very reliable environment. The service charges very low commissions and offers its customers many benefits. For example, the higher your trading volume, the less commissions you will be charged.

Poloniex charges separate commissions for takers and makers. This is to encourage traders to open more positions, as Makers only pay very small commissions. There are a lot of other benefits for traders registered with Poloniex - these include chat boxes, analysis tools, 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. Withdrawal rates are set for each currency. Shared fees for takers and makers.
Cartera Online wallet for cryptocurrency.
Payments Payment methods vary according to the country in which the merchant is located.
Safety 2-factor account authentication.
Mobile applications Available.

KuCoin

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

One of the most striking features is the exchange's first-class security system. It is similar to those used by the most reputable banks. Here, a high degree of encryption and multi-layered authentication are used. So far, there have been no cases of hacker attacks on this platform. But it is too early to judge the security of this exchange, as it has not been on the market for long.

Coins available                                     200 coins and 450 currency pairs.
Fees and commissions All deposits are free. The withdrawal rate is fixed for each currency. A flat rate of 0.10% is charged for all transactions.
Cartera Available.
Payments All major payment channels are supported, including electronic systems.
Safety Google 2-factor authenticatie.
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 aim of the platform was to make cryptocurrency trading accessible and easy for everyone. To this end, the founders created a user-friendly website on which even an absolute beginner could effortlessly find their way. This approach proved successful, as the exchange attracted more than a million users within a few years.

Apart from cryptocurrencies, you can also trade other instruments here: silver and gold. The platform offers automated tools that make trading cryptocurrencies very easy. Once you have enough experience in the sector, you will be able to trade between digital assets and metals. The company has many offices around the world that offer additional ways to make money. You can invest in the exchange's own token to minimize your operating costs.

Coins available                                 Meer dan 30 cryptocurrencies.
Fees and commissions All deposit and withdrawal fees are set for each individual currency. The same approach applies to cryptocurrency trading.
Cartera Bitpanda cryptocurrency portemonnee.
Payments Bank transfers, bank cards, electronic systems.
Safety 2-factor authentication for each login. Cold storage of funds. Validation via email address.
Mobile applications Available.

Coinmama

Coinmama is another good source for trading cryptocurrency. It started its operations in 2013, when cryptocurrencies had firmly made their appearance in the global financial system. You should not think of the platform as an exchange service. Technically, you are buying and selling assets on the exchange itself.

The selection of cryptocurrencies is not that large on this platform. Once you buy bitcoins with your credit card, be prepared that the amount you can buy is limited. And don't forget to check what commission is charged for the amount you want to redeem. There are plenty of payment options accepted on the website. You will also find good multilingual support, as the exchange is aimed at the global market. The only downside is that there is no cryptocurrency wallet on this platform. Otherwise, it is a good option for beginners.

Coins available                                          Meer dan 10 cryptocurrencies.
Fees and commissions Service fees are charged for the use of a bank card. Fixed fees for buying and selling cryptocurrencies.
Cartera No portfolio available.
Payments Bank transfers, bank cards, electronic systems, SEPA and SWIFT payments.
Safety Trust Guard and Comodo protection technologies.
Mobile applications Available.

Paxful

This exchange was registered in the United States in 2015 and has been offering its services to traders ever since. From the beginning, the service targeted a global audience and accepted customers from Europe and the United States. The platform itself has been kept fairly simple, with reliable protection and affordable fees. In other words, Paxful can be described as a P2P exchange. When you start working here, you will need to create your portfolio. You can check the portfolios of other traders and assess their reliability before confirming a trade.

One of the major shortcomings of this service is that it only allows you to trade bitcoin. In reality, you can use a whole range of currencies to pay with Bitcoin. But when it comes to a sales transaction, you can only sell Bitcoins. There is a 1% commission charged on all sales, while purchases are free. The exchange supports several payment options.

Coins available                                          Bitcoin.
Fees and commissions A 1% commission is charged on all sales, while purchases are free. Depending on the payment method chosen, an additional fee may apply.
Cartera The Paxful portfolio application.
Payments All known payment methods are supported.
Safety Mandatory authentication procedure; 2-factor authentication.
Mobile applications Paxful portfolio application.

HitBTC

This stock exchange is located in Denmark. It was founded in 2013. The service was established with the aim of offering individuals the widest possible range of cryptocurrencies. Currently, the exchange offers more than 800 trading pairs. You can 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 client to test the service for free. All client funds are protected by the most reliable technologies. The exchange allows you to trade with large volumes.

The disadvantage of the platform is that it does not accept fiat money. Only cryptocurrencies can be traded here. To get around this disadvantage, the exchange has built in a special system where you can buy digital coins and pay with a bank card. In this case, however, you have to pay higher fees.

Coins available                                          800 commercial components.
Fees and commissions All deposits are free. Withdrawal fees are set for each currency. Multi-level trading system.
Cartera There is no wallet for cryptocurrency.
Payments Only cryptocurrencies are accepted.
Safety 2-factor authentication; high-level encryption technology.
Mobile applications Nee.

As you can see, the market is full of excellent bags. Now you need to analyze your needs and choose the bag that best meets your expectations.

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Neteller
Skrill
Mastercard
Visa
FNB
Capitec
Nedbank
ABSA
Standart Bank
Webmoney
Payguru