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 also have a Telegram chat group where we discuss and help each other with bitcoin and cryptocurrency. Join us on telegram at t.me/bitcoinzarchat
Some of our most popular bitcoin pasts which you might find interesting are as follows:
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. Does your business accept bitcoin as a payment method for products or services?
bitcoin allows for the first time ever, any human being anywhere on the planet, to be able to send and receive any amount of money, with anyone else on the planet, without having to ask for permission from any bank, corporation, or government. This can be done almost instantly, for virtually no cost, regardless of the amount of money.
Bitcoin is an online payment system invented by anonymous user ‘Satoshi Nakamoto’, who published his invention in 2008, and released as open-source software in 2009.
The bitcoin system is peer-to-peer, and users can transact directly with each other all over the world almost instantly, without needing an intermediary such as a bank, Western Union, Moneygram, Paypal or any other company. The bitcoin system works without a central repository or single administrator, so is the worlds first decentralized digital currency, and it is the largest of its kind in terms of total market value. There is no company or entity controlling bitcoin.
Bitcoin as a form of payment for products and services has grown, and merchants have an incentive to accept it because fees are lower than those typically imposed by credit card processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor. Learn more about what bitcoin is, here
Buy bitcoins on one of our local South African bitcoin exchanges. Transfer funds from major South African bank accounts to the exchange, and once the funds have cleared, you can trade the ZAR for bitcoin. You can also buy bitcoins in South Africa by doing face to face trades with sellers who prefer to meet in person.
Buy bitcoin in South Africa
Bitcoin wallets come in various forms, there are a desktop wallet that you download to your PC, a mobile wallet app that you download to your phone, a web based wallet that you can access through the web, a physical hardware wallet, or a secure paper wallet.
Get a bitcoin wallet
We have selected a variety of informative and interesting bitcoin videos to help you learn about bitcoin, how it works, the technology behind bitcoin, and how it can be useful. There are many bitcoin videos on the web, but we consider these to be the best out there so far. Keep checking back for updates.
The best bitcoin videosBitcoin transactions between wallets are not linked to your bank account
Anyone can use bitcoin, there is no need for account verification, identity checks or proof of residence
No central authority telling you what you can and cannot do with your money
Your account can never be seized or closed, you are the only one with control
Privacy is enhanced with Bitcoin and it reduces identity theft.
Bitcoin transfers are available within minutes, not like typical banking where it can take days
Available in any country, there are no international boundaries: send and receive anywhere in the world for no additional fees
Unlimited Access: have full control of your money, 24 hours/day, 7 days/week, from anywhere in the world
No high banking and transaction fees, monthly and annual fees, overdraft or over limit fees
No minimum or maximum amount for transactions
Purchases can be virtually anonymous, your name is not tied to your transaction
Transactions cannot be reversed, so retailers no longer need to worry about credit card chargebacks
This post explains how you can get R200 worth of bitcoin for FREE from Luno exchange. This only works if you dont already have an account with Luno. If you already have a Luno account you cannot participate, sorry. When you complete the steps below, Luno will reward you and me both with R200 worth […]
In South Africa there is no shortage of easy ways to pay people with Rand, but when it comes to paying with bitcoin, there are issues. While we offer a free service for processing bitcoin payments for people accepting bitcoin, this is targeted at those who want bitcoin and not Rand. The simple fact of […]
OVEX is a Cape Town based cryptocurrency exchange platform that is well known in the space for their cryptocurrency arbitrage service, and their high interest crypto savings account. Another service which OVEX only offers to high net-worth individuals and institutional investors, is the OTC desk, which is a secure, private, and personalized trading service with […]
