Buy cryptocurrency with amex

Sign up with Coinbase and manage your crypto easily and securely.

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You’ll need a Bitcoin wallet before you buy since some exchanges require one.

Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.

Luno also offers an Instant Buy feature.

We may receive compensation when you use Luno.

Please visit Luno for its exact pricing terms.

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a ~6% fee on each purchase.

Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile

Choose your preferred payment method like bank transfer or credit card to add money to your Luno Wallet

Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends

Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile

Choose your preferred payment method like bank transfer or credit card deposit to top up your Luno Wallet

Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends

People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money.

Like the internet, no single entity controls Bitcoin.

Picking the right Bitcoin exchange in South Africa is an overwhelming process for Bitcoin beginners.

Here’s the thing: for most people, Luno will be the cheapest and best option.

As always, the best choice for one person won’t necessarily be the best for others.

This guide covers all the different options for purchasing Bitcoin in South Africa with a variety of payment methods.

Luno is an extremely trustworthy exchange backed by major big players in the cryptocurrency space such as Coindesk. Their services include a variety of payment methods, extremely low transaction fees, a beautiful trading interface, and custodial cryptocurrency wallets.

For payment methods, Luno allows bank transfers (EFT, GIRO), credit card, debit card, and more. In terms of transaction fees, Luno offers 0% transaction fees when a limit order is placed.

The two oldest exchanges in South Africa for buying bitcoin, are ice3X (iceCUBED), and Luno. Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out.

Luno exchange currently only offers customers bitcoin and Ethereum (Step by step instructions on how to use Luno). Luno also has an App for mobile trading, which you can download here

Ice Cubed exchange also allows its users to buy and trade in bitcoin and a wide variety of other cryptocurrencies, with altcoins such as Ethereum, Litecoin, Dogecoin, Zcash, Bitcoin Cash, Neo, Monero, Ada and Dash.

The two most established bitcoin exchanges in South Africa have been around since 2013, namely ICE³X (AKA Ice Cubed) and Luno.

If you want to buy bitcoin, using an EFT bank transfer to a bitcoin exchange is one of the safest ways to do so. Rand (ZAR) transfers generally show up on the corresponding exchange within a few hours, and you can begin to trade as soon as it is reflecting in your account.

ICE³X is a secure exchange platform where you can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in South African Rand as well as trade Ethereum for Bitcoin.

ICE³X is registered as ‘Internet Currency Evolution Cubed (Pty) LTD’ is a South African owned and operated company.

We provide digital currency solutions for real world problems and offer a unique approach to cryptocurrency use in enterprise.

Luno is a well known bitcoin exchange in South Africa.

In this basic guide will show you the how to begin using the exchange by registering, and then buying bitcoin.

To buy and sell bitcoin on Luno you need to register first, to do this you can use our promo code (BKFEF) which will reward you and us both with R25 in free bitcoin if you spend R500. Follow this link to register today https://www.luno.com

Once you click to go to www.luno.com, your screen will look like the picture below. Follow the steps to register and redeem the promo code.

On the next screen you will be able to Sign up using your email address, and your password. Complete this step, then immediately check your email for the confirmation email that they send you.

In your email, click the blue “Confirm Email Address” button.

Once you have decided to start using Bitcoins, you need to get a unique bitcoin address or wallet to store your bitcoins. Your bitcoin wallet address is similar to an email address, people will send bitcoin to your bitcoin wallet address. You can share or publish your bitcoin address so that people can send you money at that address.

Choose to download the software and keep your wallet  on your computer, mobile device, or use an online wallet, or all of the above!

Please read our post “Why its a bad idea to store your bitcoin on an exchange” where we explain why it is best to use an exchange as an exchange, and not a place to store your bitcoin.

Mobile wallets allow you to bring Bitcoin with you in your pocket.

Welcome to the Bitcoin ZAR website, a place for people living in South Africa who are interested in Bitcoin. Before you start, please Join our bitcoin community for South Africa on Facebook and twitter, to keep up to date with our daily bitcoin news and information.

We are glad you have decided to become part of the Bitcoin revolution in South Africa and around the world. Start accepting and making payments in Bitcoin almost immediately, and introduce customers, friends and family to Bitcoin so that you have a network of people you can transact with locally and internationally.

The two oldest exchanges in South Africa for buying bitcoin, are ice3X (iceCUBED), and Luno. Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out.

Luno exchange currently only offers customers bitcoin and Ethereum (Step by step instructions on how to use Luno). Luno also has an App for mobile trading, which you can download here

Ice Cubed exchange also allows its users to buy and trade in bitcoin and a wide variety of other cryptocurrencies, with altcoins such as Ethereum, Litecoin, Dogecoin, Zcash, Bitcoin Cash, Neo, Monero, Ada and Dash.

The price of bitcoin has been rising steadily over the years, and as it becomes more mainstream, more and more people are eager to invest in the technology. Long term investors in bitcoin have really benefited from the price increases, and going forward, the future looks very bright.

(If you want to buy bitcoin, please read our page on where to buy bitcoin in South Africa)

Nobody knows what the price will be in the next hour, let alone the next year, so it is a high risk investment. What we do know is the past performance of bitcoin, as shown in the table below.

Investors are drawn to bitcoin, when they see that in the past it has been possible to make very good returns. Investing a year ago today (22/04/2017) would have given you a 177% increase in value of your bitcoin investment.

Bitcoin is a form of digital currency, it is decentralised, and created and held electronically. Bitcoins aren’t printed, like Rand, dollars or euros – they’re produced by lots of people running computers all around the world, using software that solves mathematical problems.

These people and their computers are called ‘bitcoin miners’.

It’s the first example of a growing category of money known as cryptocurrency.

Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network.

London headquartered cryptocurrency exchange Coindirect has announced that customers can now buy Bitcoin and other cryptocurrencies on its platform using credit cards.

This is a pioneering development in the South African cryptocurrency market, which has not yet experienced credit card to crypto payments.

Using a credit card for cryptocurrency payments helps ensure the process is as quick as possible from sign up to ‘buy Bitcoin’, unlike purchases through bank transfers which are subject to traditional banking delays.

Coindirect now has one of the largest offerings of cryptocurrencies in South Africa and stands as the only exchange in the country to offer credit card payments.

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