How to Make Money in South Africa with a Crypto Side Hustle

Aug 31, 2020 | Finance | 0 comments

Here is a super simple way to make money in South Africa using cryptocurrency as a side hustle. Since cryptocurrencies are becoming more and more popular, lots of South Africans have started buying and selling cryptocurrency to people in South Africa as a way of making money, with some recorded to be making over R1 Million in profit per year.

We are going to show you exactly how to start buying and selling cryptocurrency online in order to start making money.

Now before we start, this is not a get rich quick scheme but rather a very good way to start making some money in South Africa as a side hustle that could eventually grow into something really substantial.

What we are going to be doing is creating an advert to buy cryptocurrency and then creating another advert to sell cryptocurrency for more to make a good profit. Let’s start.

Before you start: You will need to be register: Read “how to register and verify on remitano.com” if you have not already.

Step 1: Let’s create an advert to buy Litecoin from someone in South Africa

1.) Once you have registered, navigate to Your Advertisements
– Go to your Dashboard drop down -> click on P2P Exchange -> and then “Your Advertisements”

2.) Then click “Create Ad”

3.) Click the top right edit button and select “I want to Buy” Then Select “Litecoin”

4.) Now one Litecoin is about R1000 at the moment, so I am going to work off of that value

  • Let’s enter our preferred exchange rate for usd/zar -> I want to buy a litecoin for R800
  • I’m willing to buy a maximum of 1 Litecoin to start so im going to set my amount of LTC to 1
  • And I want to use the Remitano ZAR Wallet

5.) Now click “Create new advertisement”

Step 2: Now let’s create our advert so we can sell it for profit

I want to sell my litecoin for a competitive price compared to a local exchange, Luno is currently at R1 100. I am going to sell my Litecoin for R1 050, which is more attractive for the buyer, lets setup the ad.

1.) Go to your Dashboard drop down -> click on P2P Exchange -> and then navigate to Your Advertisements

2.) Then Click “Create Ad”

3.) Click the top right edit button and select “I want to Sell” Then Select “Litecoin”

4.) Let’s set up our ad

  • Let’s enter our preferred exchange rate for usd/zar -> I want to buy a litecoin for 1 050 (17.28)
  • The maximum I am willing to sell is 1 Litecoin
  • And I want to use the Remitano ZAR Wallet
  • Now click Create new advertisement.

Step 3: Your done, now just deposit ZAR so your ads go live

And that is it ? You are ready to start making money, now all you need to do is get those ads live. Once you deposit ZAR to your Remitano account your “Buy Litecoin” ad will go live.

1.) Read our quick guide on “how to deposit ZAR into Remitano.com” if you have not done it before.

As soon as you get your first deal, your sell Litecoin ad will go live. If you have any questions, or if you got stuck, let us know if the comments below and we will help you come right.

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