This is a well-filtered list of exchanges to buy Bitcoin in South Africa.
If you are in South Africa or intend to migrate there, it might interest you to know that there are so many exchanges where you can trade Bitcoin.
But in this post, I have sifted through all these exchanges and listed the top 10 best suited for South African residents.
So, by the end of this post, you will know the 10 best exchanges to buy Bitcoin in South Africa.
Just tag along and enjoy this post.
Post Summary
This article is written in 3 parts;
Let’s get started…
10 Best Bitcoin Exchanges in South Africa
1. Bybit
Bybit is the first exchange on my list.
Founded in 2018, it is one of the leading exchanges.
At the time of writing, it is ranked No. 2 among the top derivative exchanges by Coinmarketcap.
Bybit records over $8 billion in 24-hour volume trading and over $3 billion in total assets.
It also publishes its proof of reserve for everyone to see—kind of a way to verify its credibility in managing users’ funds.
| Exchange Type | Broker|Trading| P2P |
| Services | P2P, Spot, Derivatives, etc |
| Payment Methods | E-currencies such as: Neteller Skrill Perfect Money, etc Payment Gateways: Chipper Cash, Paypal, etc cryptocurrencies |
| Supported Fiats | ZAR, USD, NGN, EUR, etc |
| Supported Crypto | BTC, ETH, ARB, SOL, etc. |
| Fees | P2P – 0% Trading – 0.01% |
| Read Review | Visit Bybit |
2. Binance
Binance was founded by Changpeng Zhao and launched in 2017. It is a trading platform for over 500 cryptocurrency pairs.
The exchange offers a lot of other services besides crypto trading and can be accessed by users all around the world except for 13 states in the USA.
Binance is the world’s largest crypto exchange by trade volume. Binance records up to $4 billion worth of trades every day ( as seen in Coinmarketcap).
| Exchange Type | Broker/Trading/P2P |
| Services | – Spot -Derivatives – P2P – Earn – NFT |
| Payment Methods | Bank Transfer – Credit/Debit card – All supported cryptos |
| Supported Fiat | – UGX – ZAR – NGN and 51 0thers |
| Supported Crypto | BTC, ETH, XRP, MTL, BNB, LTC, BCH etc. |
| Fees | Trading fees – 0.1% |
| Read Review | Visit Binance |
3. Remitano
Owned by Babylon Solutions Limited, Remitano was launched in April 2016 and supports more than 50 countries.
It started off as a P2P Bitcoin exchange but has expanded over the years to include more services and currencies.
| Exchange | P2P |
| Services | – P2P – Remitano Invest – Remitano Swap – Wallets |
| Payment Methods | Dependent on the country. ZAR(for South Africa) |
| Supported Crypto | – Bitcoin – Tether – Litecoin – Ripple – Ethereum |
| Fees | – P2P Exchange – Remitano Invest – Remitano Swap – Wallets |
| Review | Visit Remitano |
4. CEX.IO
CEX.IO was established in 2013 as a cloud mining provider but has now become a multi-functional cryptocurrency exchange, trusted by over 3 million users.
The platform allows its users to trade the most popular crypto-to-crypto and fiat-to-crypto pairs.
| Exchange Type | Broker & Trading |
| Services | – Instant Buy – Broker – Exchange – Staking |
| Payment Methods | – Visa/Master Cards – Bank transfers – Wire Transfer |
| Supported Fiat | USD, AUD, EUR, RUB |
| Supported Crypto | BTC, XRP, LTC, BCH, ETH, TRX, GAS, XTZ etc |
| Fees | Deposit/ Withdrawal: 1% – 4% – Maker: 0.0% – 0.16% – Taker: 0.10% – 0.25% |
| Read Review | Visit CEX.IO |
5. Bitget
Bitget is one of the world’s largest crypto-derivatives exchanges registered in Singapore.
It offers a robust trading platform, innovative products, low fees, and top-notch security.
The exchange offers a sizeable selection of markets and is popular for copy trading.
Moreover, it supports ZAR, enabling South Africans to buy Bitcoin and other cryptos with their local currency.
Whether as a beginner or expert, this exchange provides you with a simple and easy experience in crypto trading.
| Exchange Type | Broker|Trading| P2P |
| Services | – Spot – Derivatives – Earn – Copy trading |
| Payment Methods | Credit/Debit card Bank Transfer |
| Supported Fiat | ZAR, UGX, USD, EUR, etc |
| Supported Cryptos | BTC, LTC, ETH, etc |
| Fees | Buy Crypto – Depends on the option chosen (P2P -0%) Trading: 0.1% |
| Read Review | Visit Bitget |
6. Yellow Card
Yellow Card was founded by Chris Maurice in 2016.
On this exchange, you can buy, sell, store and receive crypto payments which can be transferred directly to your local bank account.
This exchange also allows you to earn money for yourself by registering as a merchant.
That’s because as a merchant, you can buy and sell bitcoins to your clients using the yellow card app as well as receive payment for goods and services in bitcoins.
Yellow Card is also strongly present in Nigeria, Botswana, and Zimbabwe.
| Exchange Type | Broker |
| Services | – Buy and Sell Bitcoin – Wallet Services – Become A merchant |
| Payment Methods | – Yellow Card Pin – Cash – Bank Deposit |
| Supported Fiat | – Nigerian Naira (NGN) – South African Rand (ZAR) – Botswana Pula (BWP) |
| Supported Crypto | Bitcoin |
| Fees | ZAR 19.24 / USD View more |
| Read Review | Visit Yellow Card |
7. Gate.io
Launched in 2017, Gate.io is one of the leading exchanges in the industry.
The exchange boasts a wide range of trading pairs and a robust security system.
Gate.io is a platform that caters to users from various parts of the world, and it is noteworthy that it has garnered a user base of more than 9 million.
South Africans can buy Bitcoin and other cryptocurrencies with their local currency on Gate.io using the “Buy Bitcoin” options available: Credit Card, Bank Transfer and P2P, trading.
| Exchange Type | Broker|Trading| P2P |
| Services | P2P, Spot, Derivatives, Copy trading, NFT etc |
| Payment Methods | Bank transfer, Credit/Debit card |
| Supported Fiats | ZAR, XAF, USD, EUR, etc |
| Supported Crypto | Bitcoin, Doge, USDT and 1000+ |
| Fees | P2P – 0% Trading – 0.2% |
| Read Review | Visit Gate.io |
8. Kucoin
KuCoin is an excellent choice for anyone looking to buy Bitcoin and other cryptocurrencies.
The exchange was founded in 2017 and has been gaining traction in recent years.
Kucoin offers a wide range of cryptocurrencies and trading pairs, making it a popular choice among investors.
Moreover, it is suitable for both beginners and experienced traders.
| Exchange Type | Broker|Trading| P2P |
| Services | P2P, Spot, Derivatives, Earn, NFT etc |
| Payment Methods | Credit/Debit card Bank transfer |
| Supported Fiats | ZAR, USD, NGN, EUR, etc |
| Supported Cryptos | BTC, ETH, BCH, LTC, USDT and 900+ |
| Fees | P2P – 0% Trading – 0.1% |
| Read Review | Visit Kucoin |
9. Changelly
Minergate, a crypto mining pool, launched Changelly in 2015 as a non-custodial exchange.
It works as an aggregator that links users to exchanges like Binance, Bittrex, HitBTC, etc. to aid them in buying bitcoins at the best price.
Changelly offers a very seamless transaction and charges a very low fee for its services.
It is a very good option for you if you would like to get the best available rate of any crypto in the market and still keep your identity anonymous.
| Exchange Type | Trading |
| Services | – Swap Crypto – Buy Crypto – Sell Crypto |
| Payment Methods | – Credit/Debit Card – Crypto |
| Supported Fiat | – ZAR – USD – EUR – GBP, ETC |
| Supported Crypto | Over 100 cryptocurrencies including; BTC, ETH, XRP, ADA, BCH, ATOM etc. |
| Fees | 0.5% |
| Read Review | Visit Changelly |
10. Coinmama
Coinmama is one of the top crypto exchanges offering bitcoin brokerage services.
It was founded in 2013 and has support in over 150 countries. As of the time of this post, Coinmama has over 2 million active users.
This is a superb place to buy your crypto, especially if you are a newbie.
| Exchange Type | Broker |
| Services | Instant Buy/Sell |
| Payment Methods | – Debit/Credit Card – Bank Transfer |
| Supported Fiat | USD, EUR, GBP, AUD, CAD, JPY |
| Supported Crypto | Supports 10 cryptos including: BTC, ETH, LTC, BCH, EOS, QTUM, ADA etc. |
| Fees | Buy fee – 5.90% Credit/ Debit Card – 5% Sell fee – 2.1%——–2.9% |
| Review coming soon | Visit Coinmama |
Which Is The Best Exchange To Buy Bitcoin In South Africa?
As I have given you the complete list of the 10 best exchanges to buy and sell Bitcoin in South Africa, the next question you will have to ask yourself is this:
Which of these exchanges should I use?
Here are the 6 things I consider before choosing a crypto exchange
- Motive – Am I buying to trade, store or shop?
- The supported Cryptocurrencies – does the exchange have the coin I want to buy?
- Payment Method – Is the available payment method convenient for me?
- Fees – How does the fee compare with other exchanges?
- Security and the Volume you would like to trade.
All the exchanges above are highly reputable; your choice will be strongly determined by your answer to these questions.
Conclusion
This brings us to the end of the post.
But before you go, I would appreciate feedback from you.
So, tell me
Which of the exchanges will you sign up with?
Are there other solid exchanges in South Africa that you think I have missed out on?
Let me know right away in the comment section.
Don’t forget to share this post.
Cheers!!!
P.S
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Go to www.ctmastery.com to enrol.
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