The debate on whether to buy Cryptocurrency in South Africa is no longer necessary. This article will guide you on how to buy cryptocurrency in South Africa. Also, we will highlight the possible rewards and risks to crypto investment.
Furthermore, you’ll know the right and best brokers to use when buying cryptocurrency in South Africa.
Currently, you can conveniently buy cryptocurrency within few minutes through any trusted and reputable crypto broker. Interestingly, top brokers like Capital.com will give you competitive charges and accept payments in Rands.
How to Buy Cryptocurrency South Africa?
You can conveniently buy any crypto of your choice within the shortest time. Here are the steps to buy cryptocurrency South Africa through Capital.com- the best broker that asks for 0% commission on crypto trading.
We’ve made a detailed analysis of the cryptocurrency for a clearer understanding of why you should buy the asset. Also, reveal the top brokerages and exchanges where you can buy the assets in South Africa.
Below, we present the tutorial guide on how to buy cryptocurrency from Capital.com. Through its operations, fees, and features, the broker remains the overall best platform for trading cryptocurrency in South Africa.
Step 1: Open an Account
Once you’re ready to open an online account for trading cryptocurrency, visit the official website of Capital.com. You will click on REGISTER NOW button. Then, you will need to input your email address and create your password.
To ensure adequate account security, endeavor to form a strong password. You can use a combination of special characters, numbers, upper and lower cases for the password.
After concluding the account sign-up process, you will have access to a demo account on the platform. This will assist you in learning the processes of buying or trading on cryptocurrency as a newbie.
Step 2: Verify Your Account
Account verification is one of the prerequisites for trading in Capital.com. Being under the regulation of some giant financial agencies such as the FCA and others, the broker maintains KYC compliance. Thus, every account must undergo verification.
The verification process requires an upload of any government-issued ID such as a passport or driver’s license. Also, you’ll upload a copy of your recent utility bill or bank statement that is not more than 3 months. After the upload, Capital.com sends a notification message to
Step 3: Deposit Your Funds
When you get a notification for the account verification, you can deposit your funds. Capital.com accepts the deposit of South African Rand. It later converts it to USD, one of the fiats for crypto transactions.
Log in to your online account and click the DEPOSIT button.
Then select any payment option that is suitable for you. The broker supports deposits through bank transfers, e-wallets, and debit/credit cards. The minimum deposit on the platform is $20. This is considerably low in comparison to other competitors in the industry.
With Capital.com, there’s no deposit fee for any method of transfer that you choose. While bank transfers may take a longer time to reflect in your account, transfers from cards and e-wallets are instantaneous.
Step 4: Buy Cryptocurrency
You can buy any cryptocurrency of your choice after funding your account. First, search for the digital asset your want to buy in the search box. Then select the crypto and USD pair that matches your choice. For instance, when buying Bitcoin, you will choose USD/BTC. Proceed by clicking the TRADE button.
Then, input the amount of the digital asset you’re buying and set your order. Ensure you confirm your order and click the TRADE button. The broker will buy your cryptocurrency according to your order.
Select the crypto you want to buy and click on the ‘BUY’ button. For instance, you can decide to buy Bitcoin. Then, fill in the buy order by entering the amount of the digital asset you want.
What is the easiest way to buy Cryptocurrency In South Africa?
Choose a Broker or Crypto Exchange. To buy cryptocurrency, first, you need to pick a broker or a crypto exchange.
Create and Verify Your Account.
Deposit Cash to Invest.
Place Your Cryptocurrency Order.
Select a Storage Method.