bitcoin South Africa

Bitcoin South Africa

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.

So what exactly is bitcoin?

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


Why Bitcoin is better than Bank transfers, Paypal and credit card transactions

  • Bitcoin 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

In recent years, Bitcoin has risen from being considered “interesting technology” to a formidable investment vehicle that demands the attention of finance professionals. Its stellar performance over the last 5, 10, and 15 years, outshining traditional assets, positions Bitcoin as a crucial element for portfolio enhancement. Bitcoin has outperformed Gold (by 25x), S&P 500 (by […]

Brace yourselves, the next Bitcoin Halving is just around the corner, expected around 24th of April 2024. What’s all the buzz about, and why does it spark excitement among Bitcoin enthusiasts? Let’s break down the details and the circulating ideas. The Bitcoin Halving¬† is a pivotal event surrounded by intrigue and speculation. At its core, […]

Spending bitcoin in South Africa is sometimes problematic, because not many vendors actually accept bitcoin for purchases. While its easy to shop at Pick n Pay with bitcoin, or shop online at a Takealot using a voucher purchased with bitcoin from bitrefill, those are generally smaller ticket items, nothing as expensive as a car. If […]