3 Steps to buying bitcoin in South Africa

 

1. Open an account on Valr exchange platform – Create and verify your account in minutes
2. Fund your account – Deposit fiat by bank transfer or directly deposit crypto to fund your account
3. Buy bitcoin – Use the Rand you deposited to buy bitcoin on the exchange

• The first step is to register on a Valr bitcoin exchange. This is where you buy bitcoin with Rand.
• Once you have registered, you can login and deposit some money into the bank account of the exchange using a regular bank EFT, to fund your Rand wallet on the exchange platform. (This can be the same day, or sometimes up to 2 business days if you are a different bank.)
• When your Rand balance has been credited bitcoin exchange platform, you can use that balance to buy bitcoin.

Why Valr?

VALR (https://www.valr.com)is a digital asset platform headquartered in South Africa that allows customers to buy, sell, store and transfer bitcoin and over 60 other cryptocurrencies easily and securely.

Since it was launched in 2019, VALR has processed hundreds of billions of Rands worth of crypto assets in trading volume and serves over 250 000 retail and 500 institutional customers from around the globe.

Simple Buy / Sell

The Simple Buy / Sell option is called that because it is dead simple and a great place to start for novice users. Using this option a user can simply select which crypto they would like to buy, and the amount that they would like to spend, and then confirm the trade. This option is great for those just beginning their crypto journey.

Professional Trading Platform

The trading platform is for those who are a lot more computer and cyrpto savvy. Professional or experienced traders are able to place Buy or Sell orders into the order book of the high performance exchange platform, and also get paid for Market Making orders.

Auto buy bitcoin

For those who want an easy no fuss way to get crypto regularly, VALR also have an ‘Auto Buy’ option to buy bitcoin with a debit order directly from your bank account. This ‘Set and forget’ option allows users to set their regular buys onto ‘auto pilot’ so that they can stack some bitcoin weekly or monthly without even logging into the platform.