Crypto Exchanges in South Africa

[Djo Bangles]

I want to buy altcoins such as Cardano, Polkadot, etc, in South Africa. I want to have them in my own wallet, what is the best way to do this?

 

[Nimz]

I want to buy altcoins such as Cardano, Polkadot, etc, in South Africa. I want to have them in my own wallet, what is the best way to do this?

Valr.com - referral link

 

[Gamer]

As per above - Valr - buy BTC or ETH and then trade for the other alts. There are int. exchanges that accept ZAR payments, if you want to, but Valr will be fine to start off with.

 

[saor]

As per above - Valr - buy BTC or ETH and then trade for the other alts. There are int. exchanges that accept ZAR payments, if you want to, but Valr will be fine to start off with.

Looking at the volume on VALR for cardano etc, would probably be better to use VALR to get BTC / ETH, then send to binance for trading / buying.

edit: Eh - they don't actually have markets for cardano etc...just instant buy options.

 

[Lefty309]

I want to buy altcoins such as Cardano, Polkadot, etc, in South Africa. I want to have them in my own wallet, what is the best way to do this?

I recommend using an international exchange like Binance. Binance is the largest exchange in the world so you don't have to worry about low liquidity issues. They also offer a greater selection than South African exchanges which means you'd be ahead of the game in buying crypto at lower prices. This is important when you consider Binance banned the US last year which pushed a lot of Americans over to Coinbase exchange. Coinbase doesn't have as great a variety, they don't even have Cardano yet so one can expect the price to shoot up when it eventually does release on there. The same can be said for other coins.

Trading fees on Binance are also typically lower at 0.1% and can be reduced when you pay the fee using Binance's native coin, BNB, which reduces fees down to 0.075%. This can further be reduced when you sign up using someone's referral code. Sign up using the link below to get 10% off the above fees:

Create a free account | Binance

Register an account with Binance today

www.binance.com

 

[NarrowBandFtw]

Binance is the largest exchange in the world so you don't have to worry about low liquidity issues

that depends on what you want to trade really, assuming XRP liquidity tanks for example with Binance US delisting it

also, if you specifically like to trade ZAR/BTC (not USD/BTC) Binance barely cracks third place in terms of volume traded

 

[Lefty309]

if you specifically like to trade ZAR/BTC (not USD/BTC) Binance barely cracks third place in terms of volume traded

True. I don't think this would be an issue unless one needs to cash out often. And with the weakening rand it should be safer to use stablecoins backed by USD.

 

[Bubble101]

True. I don't think this would be an issue unless one needs to cash out often. And with the weakening rand it should be safer to use stablecoins backed by USD.

Hi. So the recommendation is to use Binance to buy USD and then access the desired coins that e.g. Luno does not offer? Thanks