Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin To Rand Exchange Rate Today 1 January 2021
- 1 BTC = 425,954.40 ZAR
How To Buy Bitcoin With Rand Today
Steps On How to Buy Bitcoin With Rand
For South Africans looking for a way to buy bitcoin in Rand, you got no worries, there several methods which are available for South Africans and those who want to buy some bitcoins.
It’s not as difficult as it sounds, especially for the fact that many websites will reject your regular cars such as Verve Cards, which are only used locally.
1. Wiki SA
You can sell your bitcoin directly to us and get paid cash instantly and you can also purchase bitcoin from us at an affordable rate. Contact us direct HERE
2. Coindirect
Coindirect is a fast-growing indigenous bitcoin exchange where you can buy and sell Bitcoin with Rand. The company by a consortium of technology investors, and with operations in London and the Isle of Man. It is the easiest and most trusted place to buy, sell, and convert your cryptocurrency in South Africa.
- Just visit their website on www.coindirect.com to register an account with them
- Then login to your newly created account with your email address and password
- Fund your account by purchasing coins with your local fiat currency or transfer crypto into your wallet.
- Choose from over 44 cryptocurrencies to diversify your portfolio quickly and easily.
3. Luno
Luno is one of the most trusted websites where you can buy Bitcoin in Rand
- Just log in to there website, create an account in a few minutes,
- Verify your identity
- After verification, give them a few hours your account will be verified, instantly you can use your Master card, using a payment gateway,
- You will be asked how much you need to make the purchase,
- Enter the amount,
- Your card details,
- CVV,
- Expiry date,
- Then hit Deposit.
- Now money will be added to your Rand wallet on your Luno profile, simply convert this Rand funds into Bitcoin, viola! You get your bitcoins using Rand.
4. Paxful
Paxful is the best place to buy bitcoin instantly with any payment method. Now you can trade your bitcoin to any payment method in a fast, easy and secure method provided by Paxful.
You can buy, sell and send bitcoin with over 300 ways to pay for bitcoin including bank transfers, gift cards, Paypal, Western Union, Moneygram, your personal debit/credit cards and many more.
