We found 11 online brokers that are appropriate for Trading Bitcoin Trading South Africa.
Some African countries have embraced cryptocurrencies.
The most active is Bitcoin. Particularly in South Africa, the coin is extremely popular.
There are various reasons for its success and here we will discuss some of the important points as to why this is.
According to Google Trends, Nigeria ranks top in Bitcoin trading closely followed by South Africa.
This means traders In South Africa are looking for alternative investment options.
The reasons behind such an uptake of Bitcoin is the increased political turmoil and economic disbalance in the country.
In South Africa, people moved to trade in Bitcoin in 2017, pushed by the stepping down of the then finance minister amid certain controversial circumstances.
S&P then downgraded the South African currency debt to junk and this led to the kick start of cryptocurrency.
Now, which is the best Bitcoin trading platform South Africa is the big question.
It is important to note that in the same year, between January and November, there was a sharp spike, in the trading of Bitcoin on online trading platforms.
Until now the South African Bitcoin market has been satisfactorily regulated.
The Reserve Bank has strictly taken a stand that Bitcoin will be considered just as a crypto asset and not a digital currency.
In January 2019 it released a paper suggesting some recommendations and guidelines for it.
The Reserve Bank asked business houses to register with South Africa's Financial Intelligence Centre if they would like to deal in Bitcoin.
According to the central bank, Bitcoin can fragment the country's monetary system if Bitcoin influences the supply and demand of real money.
The bank added further that such virtual currencies can increase scams and hence it will issue frequently the measures to note before dealing with Bitcoin.
Money laundering and financial terrorism are two of the negative aspects of virtual currency if it becomes popular.
Users buy the virtual currency from an exchange and it is important to deal with the a Bitcoin trading platform in South Africa that provides a wallet to store the currencies.
If you do not want to purchase through Bitcoin trading platforms in South Africa, traders buy the currency through dedicated ATMs by paying in the national currency.
However, it is to note that the fee structure is usually high when withdrawing, sometimes even to 10%.
Apart from all this, South Africa has allowed business outlets to accept Bitcoin.
South Africa is one of the best places in the continent where Bitcoin is widely traded under a regulatory body.
Many South Africans are trading Bitcoin though online trading platforms.
It is important to understand trends and do proper research before investing and try to remain away from brokers that charge a high commission of fee.
Only trade with brokerages that are regulated.
We've collected thousands of datapoints and written a guide to help you find the best Bitcoin Trading South Africa for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best bitcoin trading south africa below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Bitcoin Trading South Africa trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Bitcoin Trading South Africa.
Compare Bitcoin Trading South Africa min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are bitcoin trading south africa. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more bitcoin trading south africa that accept bitcoin trading south africa clients
Broker |
eToro
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XTB
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Plus500
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EasyMarkets
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SpreadEx
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City Index
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Markets.com
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IG
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AvaTrade
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Admiral
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FXPro
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | No minimum deposit | 100 | 100 | 1 | 25 | 250 | No minimum deposit | 250 | 200 | 100 |
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Used By | 17,000,000+ | 250,000+ | 15,500+ | 142,500+ | 10,000+ | 14,000+ | 10,000+ | 239,000+ | 200,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fxpro |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk |
Demo |
eToro Demo |
XTB Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
City Index Demo |
Markets.com Demo |
IG Demo |
AvaTrade Demo |
Admiral Markets Demo |
FxPro Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, BE, FR, IN, IL, PL, ZW | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, JP, SG, MY, JM, IR, TR | US, IR, CA |
You can compare Bitcoin Trading South Africa ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Bitcoin Trading South Africa for 2021 article further below. You can see it now by clicking here
We have listed top Bitcoin trading south africa below.