Buy bitcoin in South Africa from a bitcoin exchange

So you want to buy bitcoin in South Africa? This is what you need to know.....A bitcoin exchange is a website platform that allows its users to buy and sell bitcoin and other cryptocurrencies easily, quickly and safely. For people who are new to cryptocurrency, and just want to buy bitcoin, a bitcoin exchange is the best option for you.

You can register for free, and then deposit some money by bank transfer in order to fund your wallet on the bitcoin exchange. Once you have made a deposit, you can buy bitcoin or any other cryptocurrency that is on the exchange using the money you deposited.

The two oldest bitcoin exchanges in South Africa for buying bitcoin, are ice3X (iceCUBED), and Luno. while Binance is an international exchange that has recently opened to users in South Africa.

Buy Bitcoin from these Exchanges in South Africa


Buy Bitcoin from other people - Peer to Peer bitcoin trading

P2P trading is where you buy bitcoin from other people around the world directly. You can do this by meeting them in person, or the safer and more common way is to use a peer to peer trading website.

A trading platform that allows P2P enables you to find Buyers and Sellers easily, and to manage the transaction properly, which means there is less chance of being scammed, or losing funds.

One of the benefits of Peer 2 Peer trading is that you can often find a payment method that suits you, the rules are more relaxed in terms of providing private information to the exchange.

The most popular P2P exchanges to buy bitcoin in South Africa are LocalBitcoins, Binance P2P, and Paxful

Buy bitcoin from other Users - Peer 2 Peer trading


Buy bitcoin in South Africa with your credit or debit card

While most exchanges prefer you to do a bank transfer in order to buy bitcoin, there are some that will allow you to deposit with your debit or credit card.

We have listed a few exchanges that allow South Africans to deposit fiat currency using your card. Once you have made your deposit, you can buy bitcoin or other crypto.

Buy bitcoin with a Credit Card

Check out our list of bitcoin wallets that you can use on your mobile phone here.

Earning bitcoin

Get paid in bitcoin! You can sell your goods and services for bitcoins using a variety of methods, the most common way is to simply ask to be paid in bitcoins to your bitcoin wallet address.

If you want to sell products  on your website you can use a checkout system like BTCPay to make the whole process easier for buyers with bitcoins. We have a post on how to easily accept bitcoin on your website for payments here: Accept bitcoin for payments with BTCPay