South African Cryptocurrency Exchange Info Hub Discussion Thread

[BitcoinBargain]

HOW TO BUY BITCOIN IN SOUTH AFRICA

The South African Cryptocurrency market is constantly evolving and new players are entering the market frequently, each with their own unique strengths. We did our best to find and test the local South African based and operating Exchanges and to find out more about them.

Once you have decided to buy Bitcoin, making a standard EFT bank transfer to a Bitcoin Exchange is one of the safest ways to do this. Rand (ZAR) transfers are usually credited to your account within hours to days, depending on the bank that you have transferred from and to.

When your account is credited, you can use the South African Rand (ZAR) to buy Bitcoin, Ethereum and other Cryptocurrencies.

Altcoin Trader

https://bitcoinbargain.co.za/wp-content/uploads/2019/06/download.jpg

Altcoin Trader is a South African based Bitcoin Exchange that offers Crypto to South African Rand (ZAR) pairs. This means that community members can make direct bank deposits with South African Rands (ZAR) to buy Bitcoin and other Cryptocurrencies.

Exchange Summary

Website: https://altcointrader.co.za
Deposit Fee (ZAR): 0.5% of Deposit value up to max of ZAR 250.00
Deposit Fee (Crypto): Free
Withdraw Fee (ZAR): 0.5% Maximum of ZAR 250.00
Withdraw Fee (Crypto): Dynamic Fees
Trading Fees: 0.8% for all ZAR pairs
KYC: ID, Proof of Address, Proof of Bank
Security: SSL, Email Confirmation

Exchange API’s: yes

Listed Cryptocurrencies

Bitcoin
Ethereum
Ripple
Digital Cash
Litecoin
Monero
BitTorrent
Z-Cash
Bitcoin Cash (Satoshi Vision)
Bitcoin Gold
Neo & Gas
US Dollar Tether
Namecoin
Bitcoin Private
Stellar Lumens
Cardano
Tron
Doge Coin


Artis Turba

https://bitcoinbargain.co.za/wp-content/uploads/2019/06/Artis_Turba_IOL_Leaderboard.jpg

Artis Turba is a South African based Bitcoin Exchange that offers Crypto to South African Rand (ZAR) and Crypto to Crypto pairs. This means that community members can make direct bank deposits with South African Rands (ZAR) to buy Bitcoin and other Cryptocurrencies. Alternatively members can also make direct deposits using Cryptocurrencies to trade for any other listed Cryptocurrencies.

Artis Turba is the only Cryptocurrency Exchange in South Africa that has launched its own native Cryptocurrency named ARTIS. ARTIS pays holders each and everyday a share of the trading fee revenue generated at Artis Turba. To find out more about ARTIS follow the following link; ARTIS

Exchange Summary

Website: https://artisturba.com
Deposit Fee (ZAR): ZAR 25.00
Deposit Fee (Crypto): Free
Withdraw Fee (ZAR): ZAR 25.00
Withdraw Fee (Crypto): Dynamic Fees
Trading Fees: 1.00% for ZAR pairs, 0,25% for Crypto pairs
KYC: ID, Proof of Address, Proof of Bank
Security: 2 Factor Authentication, SSL, Email Confirmation
Exchange API’s: yes

Listed Cryptocurrencies

ARTIS – Artis Turba
BTC – Bitcoin
ETH – Ethereum
XRP – Ripple
TRX – Tron
XLM – Stellar Lumens
EOS – EOS
BTT – BitTorrent
DGB – DigiByte
ETN – Electroneum

ICE3X

https://bitcoinbargain.co.za/wp-content/uploads/2019/06/ice3banner.png

ICE3X is a South African based Bitcoin Exchange that offers Crypto to South African Rand (ZAR) and Crypto to Crypto pairs. This means that community members can make direct bank deposits with South African Rands (ZAR) to buy Bitcoin and other Cryptocurrencies. Alternatively members can also make direct deposits using Cryptocurrencies to trade for any other listed Cryptocurrencies.

Exchange Summary

Website: https://ice3x.com
Deposit Fee (ZAR): Free
Deposit Fee (Crypto): Free
Withdraw Fee (ZAR): ZAR 10.00
Withdraw Fee (Crypto): Dynamic Fees
Trading Fees: 0.25% to 1.00% dynamic fees based on trading volume
KYC: ID, Proof of Address,
Security: 2 Factor Authentication, SSL
Exchange API’s: yes

Listed Cryptocurrencies

BTC – Bitcoin
ETH – Ethereum
XRP – Ripple
ADA – Cardano
XMR – Monero
LTC – Litecoin
DASH – Digital Cash
DOGE – Doge Coin
NEO – Neo & Gas
ZEC – Z-Cash
BCH – Bitcoin Cash

LUNO

https://bitcoinbargain.co.za/wp-content/uploads/2019/06/lunobanner.png

Luno is a Singaporean based Bitcoin Exchange that offers Crypto to South African Rand (ZAR) and Crypto to Crypto pairs. This means that community members can make direct bank deposits with South African Rands (ZAR) to buy Bitcoin and other Cryptocurrencies. Alternatively members can also make direct deposits using Cryptocurrencies to trade for any other listed Cryptocurrencies.

Exchange Summary

Website: https://luno.com
Deposit Fee (ZAR): Free
Deposit Fee (Crypto): Dynamic
Withdraw Fee (ZAR): ZAR 8.50
Withdraw Fee (Crypto): Dynamic Fees
Trading Fees: 1.00% to 5.00% dynamic fees based on trading volume, or maker-taker structure
KYC: ID, Proof of Address,
Security: 2 Factor Authentication, SSL, Email
Exchange API’s: yes

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[Lifestudent38]

Based on your experience which platform is the best in South Africa? And why?

[BitcoinBargain]

Based on your experience which platform is the best in South Africa? And why?

We do not favor any exchange in particular.

The best is defined in terms of need e.g., I need to sell 5 BTC or I need to buy 10 ETH. That will determine which exchange is best to use at that moment for e.g. I can get 10 ETH for R50,000 at Luno or I can get 10 ETH at Altcointrader for R48,000

In our experience its then best to have accounts at all of them and then to act accordingly when needed.

[Lifestudent38]

Based on your experience which platform is the best in South Africa? And why?

We do not favor any exchange in particular.

The best is defined in terms of need e.g., I need to sell 5 BTC or I need to buy 10 ETH. That will determine which exchange is best to use at that moment for e.g. I can get 10 ETH for R50,000 at Luno or I can get 10 ETH at Altcointrader for R48,000

In our experience its then best to have accounts at all of them and then to act accordingly when needed.

Thanks for the answer. I have always argued that an exchange that dominates a market is useless on its own and the presence of competition brings opportunity (arbitrage and the like)