Buying BTC in South Africa

[aquarat]

Hi

I'm South African and I'm looking for other South Africans that have bitcoins to sell.

Assuming a rate of $200 USD per btc, I'm looking to buy between 50 and 200 btc per month starting from (and including) December 2013.

Hopefully when I've become more established I'll be able to move this topic into the correct section.

And as a general introduction : I started mining Bitcoins via Slush's pool with an OC'ed ATI GPU in June 2012. I have found 2 blocks; 200279 and 216293. I'm now mining with a BFL 30GHash/sec unit and a DE0-Nano FPGA (lol), both using BFGMiner on a Raspberry Pi.

Thanks

[manoamano]

Welcome.

You are a junior member by now.
You can move your thread there: https://bitcointalk.org/index.php?board=53.0


You can do it alone since you made it.

[umaOuma]

I'm looking to buy between 50 and 200 btc per month

Thats a lot 

Try Bitstamp or localbitcoins

[nahtnam]

Try to use Bitstamp, BUT NEVER use Mt.Gox (for selling).

[puze]

Try to use Bitstamp, BUT NEVER use Mt.Gox (for selling).

Is Mt Gox really that bad? I know there have been issues with withdrawals, but haven't they been due to other banks they deal with?

I have no funds with  them myself, btw.

[MAbtc]

I'm not sure what your options are regarding exchanges, but you can see if deposit/withdrawal options work for you on Bitstamp and BTC-E. You can post in the currency exchange subforum -- you may find interest there. Good luck!

[nahtnam]

Try to use Bitstamp, BUT NEVER use Mt.Gox (for selling).

Is Mt Gox really that bad? I know there have been issues with withdrawals, but haven't they been due to other banks they deal with?

I have no funds with  them myself, btw.

Lets just say its not worth the complication. You can get bitcoins in a day or two, but with mt. gox and its fees, its all living hell!

[aquarat]

Herro

Try to use Bitstamp, BUT NEVER use Mt.Gox (for selling).

I currently use Mt Gox for most of my trades, but I'll give Bitstamp a try .

I'm not sure what your options are regarding exchanges, but you can see if deposit/withdrawal options work for you on Bitstamp and BTC-E. You can post in the currency exchange subforum -- you may find interest there. Good luck!

I'm a junior member now - I couldn't do that previously (I hope "junior" means "you can post on the exchange forum").

Lets just say its not worth the complication. You can get bitcoins in a day or two, but with mt. gox and its fees, its all living hell!

Mt Gox seems to be fine as a trading platform... I've really mostly used it for trading; ie. I deposit BTC and then periodically withdraw BTC. It's mostly BTC I've mined myself but I sometimes buy through VirWox which amazingly still works out cheaper than using sellers on localbitcoins.com lol, even though it's a credit card transaction - through PayPal.

And on a side note... wow difficulty increase = BTC vs USD increase (in BTC's favour).

Thanks for the advice guys . I'll post an ad on the exchange forum.

[xchanga.com]

we are in Ukraine but can still help you out with any amount of btc you want to buy. currently 57 is instock.