What is Binance?
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies.
How To Use Binance In South Africa?
Below is How To Use Binance In South Africa
Binance P2P is the best way to buy Bitcoins peer-to-peer in South Africa. You can convert your ZAR into BTC in a fast, easy, and secure way without paying fees. If you want to start making money trading Bitcoin, keep reading this step-by-step guide.
Access Binance via computer or download the app and log into your Binance account. If you don’t have one yet, register for free, and create one in minutes. Complete Level 2 identity verification (also known as KYC, Know Your Customer. This will help create a high-security level for your investment and protect your account on the market.
Before starting your trade add at least one payment method. Binance P2P now supports over 60 payment methods, including FNB E-wallet.
How to buy Bitcoin in South Africa?
One of the significant advantages of Binance P2P is that you can trade wherever and whenever you need because it is available on the Binance app. Here is how to buy and sell Bitcoin step by step on Binance P2P using the app
Buy Bitcoin with South African Rand
Step 1: Specify the search criteria.
- Open the Binance App. Click “P2P Trading”.
- Choose the Buy tab and select BTC. Click the filter icon at the top right of your screen.
- Select the Bank payment method and the ZAR currency to buy the crypto. Then, tap on confirm.
Step 2: Start trading.
- Choose the offer that works best for you and enter the quantity you want to buy, select a payment method, and click on Buy BTC.
- Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit. You can use the chat box to communicate with the seller.
- Make sure that you send the money to the seller and tap on “Transfer” next.
Step 3: Receive your Bitcoin.
- Tap on Confirm. Please do not click Confirm if you have not made any transactions. Doing this will violate the P2P User Transaction Policy.
- The status will change to “To be released.”
- Congratulations! You have completed a trade and get your Bitcoin!
Still not clear? Don’t miss this short video about how to buy crypto on Binance P2P via the app.
How do I withdraw money from my Binance in South Africa?
Please submit a ‘Support Ticket’ to contact Binance Support Team to assess your case in the best possible way.
And select a specific request with “ZAR Withdrawal Request”. In order for Binance to assist you with the manual withdrawal process, kindly provide the necessary documents as outlined below.