Top 5 Methods to Make Crypto in South Africa

Nov 6, 2020 | Finance | 0 comments

If you haven’t already started investing in crypto, now is the time to start. With the global economy totally wrecked by social unrest and the Covid-19 pandemic, there has seriously never been a better (or more urgent) time to find an alternative form of income and monetary system. Luckily, we’re going into this recession with a tool that we didn’t have in 2008 – cryptocurrency. Investing in crypto is a sure fire way to ensure that you ride out the oncoming wave of mass economic fall out, so why not hop on the train as soon as possible? We’re taking a look at the top 5 methods to make crypto in South Africa, because why not make your digital asset journey as easy as possible?

5. AvaTrade

AvaTrade is an international trading platform, specializing in forex trading, stocks, commodities, cryptocurrencies, and indices. The company exceeds a total of $60 billion in trading volume each month, with more than 200,000 registered traders executing more than two million trades each month. 

AvaTrade facilitates the trading of a number of cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Litecoin and EOS.

4. Luno

Luno is a South African cryptocurrency wallet and trading platform, which allows South African traders to trade in Bitcoin, Ethereum, XRP and Litecoin in just three steps:

  1. Sign up for your free wallet via the web or app. 
  2. Deposit money securely
  3. Buy crypto

Luno has also recently launched a savings wallet, where users can earn 4% per annum on their Bitcoin holdings.

3. Local Bitcoins

Local Bitcoins is an international BTC marketplace, which works to facilitate the trading of Bitcoin peer-to-peer (P2P). P2P trading allows traders to set their own prices, so that they can make a profit based on the current price of the coin. However, Local Bitcoins does have one shortfall in that in order to buy Bitcoin from other traders, you must complete a KYC each time.

2. Remitano

Remitano is another P2P marketplace, like Local Bitcoins, except that it allows for the trading of multiple cryptocurrencies such as Bitcoin and Ethereum. You also only need to complete one KYC process for all transaction on the site, so the process is much quicker. Not only can you set up your own sell trades, you can also earn crypto by taking part in Remitano’s many bounties and promotions.

1. SnapEx

SnapEx is a platform, designed to make trading easier and more accessible. SnapEx facilitates the trading of cryptocurrencies with leverage. Leverage trading is when you include the addition of a loan, to make up the balance of your trade. So, if Bitcoin is trading at $10,000, you invest $1,000 and the bulk is made up of the loan. Then, if Bitcoin increased by $1,000, you’ll get 10% minus fees. 

SnapEx is constantly running competitions and promos, including the SnapEx World Trading Competition, which saw traders win their share of 200,000 USDT.

Explore These Platforms to Earn Crypto and Start Your Trading Journey

Each of these platforms have something unique to offer when it comes to getting your crypto trading journey off on the right foot. Now is the time to start accumulating crypto, because lord knows what’s going to happen to the economy with the current climate that we’re living in. Do yourself a favor, and get in now.

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