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If you are looking for some of the best cryptocurrency exchange platforms to invest your Bitcoin, then you have come to the right place. We have given an overview of some of the best and trusted bitcoin investment sites in South Africa to invest your Bitcoin.
In recent years, cryptocurrencies investments have become some of the the popular ways to make money. There are several platforms that allows users to invest in cryptocurrencies without feeling insecure. Bitcoin is undoubtedly the most popular cryptocurrency to invest.
What is Bitcoin Investment?
Bitcoin investment is the method of buying and holding Bitcoin hoping to sell and make profit in the future. With Bitcoin investment, investors usually buy the Bitcoin at a lower price and sell it when the price rises.
Bitcoin has become increasingly over the years become popular among today's online investors. It used to be a debate over the benefits of investing in Bitcoin. Keep reading to discover some of the trusted bitcoin investment sites in South Africa for beginners.
List of Trusted Bitcoin Investment Sites in South Africa
Below are some of the popular and most trusted cryptocurrency investment platforms for beginners to invest in Bitcoin:
1. Luno
Luno is one of the popular cryptocurrency exchange platforms in South Africa. The platform, which is regulated by the Financial Service Board in South Africa, offers a wide variety of offers, such as buying and selling of cryptocurrencies, Bitcoin staking and Bitcoin investment.
2. VALR
Another trusted Bitcoin investment sites in South Africa is the VALR. It is a South African cryptocurrency exchange platform with over 80k customers across the world. If you consider investing in a trusted cryptocurrency platform, then you may consider VALR.
3. Amber
Amber is one of the best and legit platforms to invest in Bitcoin. It is available in over 5 continents and several territories across the world. Both Android and iOS users can download and install Amber from Google or Apple store respectively.
4. CoinConer
Another site to invest your Bitcoin is the CoinConer app. CoinConer used to be available in only the UK, but now supports several countries which include South Africa.
CoinConer was offering different cryptocurrency services but later changed their decision to focus on only Bitcoin. Minimum deposit on the app is about $300 to £5.
5. BitPanda
If you are looking for one of the popular and opened Bitcoin investment site, you may consider BitPanda. BitPanda was founded in 2014 with the aim of making investment accessible for everyone.
The platform has been in service for nearly a decade. It has over 700 team members and about 4 million customers worldwide. BitPanda has a wide range of payment methods. There are over 3k digital assets to to invest in on the platform. Bitcoin is one of the popular assets on BitPanda.
The above platforms are considered some of the best and trusted bitcoin investment sites in South Africa to invest your Bitcoin. There are other legit Bitcoin platforms which we have not added here.
Read now: How to Make Money with Luno
Other Trusted Bitcoin Wallets in South Africa
- Binance
- Coinbase
- Kraken
- Bitcoin.com
- Paxful
- Gemini and many others
How to Buy Bitcoin in South Africa
Investors and traded can buy and invest Bitcoin in South Africa using any popular cryptocurrency exchange. You can also buy Bitcoin using the local currency, Rand or credit card. Follow the steps below to buy your Bitcoin in South Africa:
- Download and install a cryptocurrency exchange wallet (Binance, Trust Wallet, Paxum, Coinbase) or create your account on any cryptocurrency website
- Verify your account using your government issued ID and other required documents
- On your dashboard, navigate to "Buy" and tap it
- You have the option to buy through peer-to-peer transaction or using your credit card. Peer-to-Peer buying is mostly preferred
- Enter the amount of crypto you wish to buy and proceed
- Confirm your transaction and wait for your alert
FAQs
Below are some of the frequently asked questions about Trusted Bitcoin investment sites in South Africa:
Are there any sites I can trust with my Bitcoin investment in South Africa?
Yes, there are several Bitcoin investment and trading apps or websites in South Africa. However, it is recommended you do thorough research so as to better understand the terms and conditions of each site.
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