Get started with Crypto trading in South Africa
This site aims to educate people of all backgrounds about how to trade Bitcoin and other cryptocurrencies. No matter how experienced, we have a guide for you.
How it works
Assuming you already own Bitcoin, if you do not, follow this guide.
1. Choose Exchange
Browse a list of exchanges we’ve tried and tested and pick one that meets your needs.
2. Make a deposit
Fund your exchange by depositing crypto or making an EFT or credit card payment.
3. Start trading
Start trading on the exchange by buying or selling crypto with up to 100x leverage.
Frequently Asked Questions
What’s an exchange?
Cryptocurrency exchanges are the gateway to crypto – they allow for the purchase of cryptocurrency using traditional money. Crypto exchanges are a lot like stock markets – but instead of buying stocks, users can buy and sell cryptocurrency.
Crypto exchanges differ on various factors, including:
- Which cryptocurrencies are supported
- Fee structure
- Deposit methods
- Ease of use (especially for beginners)
- Sign up bonuses
How do I deposit into an exchange?
This depends on which exchange you end up choosing – some allow you to buy crypto using your credit card whereas most only accept crypto deposits.
As a South African, I recommend buying Bitcoin through a local broker and then sending it to an exchange of your choice for trading.
Why trade Bitcoin?
Both experienced and beginner love trading bitcoin as opposed to normal stocks or forex because:
- The markets are open 24/7
- The volatility is great for traders
- It’s considered to be “digital gold”
Investing vs. Trading
Investing and trading differ largely on the length of time you are holding the asset. Traders can buy and sell an asset multiple times per day, whereas an investor will buy and hold for years, decades or even longer.
Similarly, there are different methods of trading, including:
- Day trading (buy and sell the same day)
- Swing trading (capturing the short term trend over multiple days)
- Scalping (micro trades from seconds to minutes)