South African crypto traders are spoiled for choice when it comes to buying crypto. Long gone are the days of scrounging around on the internet, hoping to trade some crypto – these days, buying crypto is truly a simple and safe process. There are loads of apps that allow you to buy crypto with your credit or debit card, but what about bank transfers? That’s why we’ve put together a list of the best crypto apps that support South African bank transfers, so you don’t have to search for them yourself.
3 Crypto Apps in South Africa That Support ZAR Bank Transfer
Luno is probably known to every crypto trader in South Africa. This homegrown trading platform is an extremely effective tool for crypto trading, allowing you to buy, sell and store your crypto in a convenient and secure environment.
Buying crypto with your credit or debit card is certainly an option at Luno, however you can also make trades via EFT. Simply link your bank account to the app, and buy crypto in predetermined or custom amounts. Crypto traders will need to go through a KYC process, and Luno users can buy Bitcoin, XRP, Ethereum and Litecoin on the app.
Avatrade is a Forex, crypto, CFDs, and indices trading platform, which allows for secure trading via debit and credit card or bank transfer. Avatrade is established and very well respected in the industry. You will, of course, need to complete a KYC process – but using the platform is simple thanks to the streamlined design.
Avatrade is one of those platforms that legitimately makes life easier. When it comes to crypto trading, it is definitely amongst the most secure platforms out there. Avatrade crypto traders can trade Bitcoin, Bitcoin Cash, and Bitcoin Gold, as well as EOS, Ethereum, Ripple and Litecoin.
Remitano is a crypto trading marketplace, which facilitates peer-to-peer crypto trades in a secure environment. It’s relatively new to the South African market, but functions kind of similarly to LocalBitcoins. Users can trade P2P with other traders, making buy and sell orders and setting their own prices.
The main difference between Remitano and other P2P marketplaces, is that you only need to complete one KYC process to buy from multiple traders on the platform. This makes for more convenient trading, particularly when combined with bank transfer and credit and debit card buying options.
Secure Trading Via Bank Transfer Has Never Been Easier for South African Traders
Now that we’ve looked at the best crypto apps that support South African bank transfers, it’s clear that secure tradign via bank transfer has never been more accessible for South African traders. The days of scrounging around for a viable platform are long gone, thanks to all of these wonderful platforms that facilitate secure trading in smooth and accessible environments. If you want to start crypto trading, you can’t do much better than using these platforms combined with a bank transfer. Bank transfers are a super secure method of depositing, and ideal for all traders – new and experienced.