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15 Best Cryptocurrency Exchanges In South Africa (2022)

As cryptocurrencies are becoming increasingly popular, finding the best cryptocurrency exchanges is the best way to buy, sell, or trade your coins. Cryptocurrency is a digital currency that is not backed by any government, which is a great advantage.

However finding a reputable exchange can be challenging.

I’m sure we’ve all experienced either high trading fees, lagging customer support or security concerns.

Plus cryptocurrency exchanges can be complex for complete beginners.

While cryptocurrency exchanges can be a great alternative for investing in the stock market, its crucial to take a few things into consideration

  • Security: How safe is the platform and are user funds protected?
  • Fees: What are the trading fees and deposit/withdrawal fees?
  • Liquidity: How much trading volume does the exchange have?
  • Selection: What coins and trading pairs are offered on the platform?
  • Support: Is there customer support available if you need help?

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What are the best Cryptocurrency Exchanges?

15 Best Cryptocurrency Exchanges in South Africa

VALR

ProsCons
Supports a variety of cryptocurrenciesIt does not offer margin trading
It has a user-friendly interfaceDoes not support fiat currencies
offers competitive trading feesMay be subject to regulation in the future
It provides 24/7 customer support
Is available in South Africa and Nigeria

VALR is a cryptocurrency exchange and trading platform. It’s the first South African-based trading platform to be fully regulated by the Financial Services Board (FSB), making it one of the most trusted and secure exchanges in the country.

VALR cryptocurrency exchange

The VALR exchange offers tradeable assets that are listed on its own blockchain, which means that you can trade them for fiat currencies like USD, EUR, or Rands. This gives you access to more than 200 cryptocurrencies and crypto tokens, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Changelly

PROSCONS
best exchange ratesmay be subject to high fees
200+ other digital assets to buynot as many features as some other exchanges
simple and straightforward interfacemay not be available in all countries
customer support available

Changelly is a cryptocurrency exchange that allows you to easily buy and sell cryptocurrencies. Its instant exchange feature lets you instantly swap one cryptocurrency for another. Changelly’s fees has a fixed rate of 0.25%

changelly cryptocurrency exchange

Luno

proscons
No experience neededSupports only 8 currencies
Safe and secureLimited features
Fast transactions

Luno is a cryptocurrency exchange platform that offers trading in bitcoin, ether and litecoin. Luno is based in South Africa, and it offers both web-based and mobile apps for iOS and Android users.

luno cryptocurrency  exchange

There are also some interesting security features on the platform:

  • Two-factor authentication to access your account via email or SMS messages
  • The ability to set up a pin code on your account that makes it more difficult for hackers to access your information

Paxful

proscons
350+ payment methodsLimited currency selection
Mobile and web
Low fees
peer to peer trades

Paxful is one of the biggest cryptocurrency exchanges in Africa. It has a large selection of cryptocurrencies and payment methods, as well as a good reputation. The exchange offers a low fee structure, making it an ideal choice for those who are looking to buy or sell crypto in South Africa.

paxful cryptocurrency exchange
paxful payment methods

Bitcoin.org

proscons
Beginner friendlyCan only buy Bitcoin
Useful resources on bitcoin

Bitcoin.org is an independent open-source project with contributors around the world that allows users to buy and sell Bitcoin.

Bitcoin is the world’s first decentralized digital currency, which was created by Satoshi Nakamoto in 2008. It has since grown to become one of the most popular cryptocurrencies on the market, with its value increasing significantly over time.

buy bitcoin cryptocurrency exchange

Revix

proscons
Intuitive interfaceSubject to high fees
Track market trends
High withdrawal limit
Crypto bundles

Revix provides five ready-made cryptocurrency “bundles” to help mitigate some of the risks associated with investing in this new asset class by providing instant diversification across the top cryptocurrencies.

Revix’s crypto bundles provide investors with a bigger basket of cryptocurrencies that passively monitor the overall crypto market’s growth.

revix cryptocurrency bundles

Receive R200 straight into your Revix account when you sign up using the link below. 👇👇👇

Coindirect

proscons
Wide crypto selectionNo additional training material
intuitive platformclaims of fraud
transparent fee structure

Coindirect is a cryptocurrency exchange based in South Africa. It has a low trading fee of 0.1% and offers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Monero (XMR) and Ripple (XRP).

coin direct cryptocurrency exchange

More to Read: 5 Reasons why you should invest in crypto in Africa

FTX

proscons
Access to advanced markets Some users have also reported that customer support is unresponsive
 Support for more than 300 cryptocurrenciesNot available in all countries
Offers innovative products like derivatives, options, and leveraged tokensDesigned for experienced traders
Centralized global exchange

FTX has a reputation for being an innovator, having been one of the first cryptocurrency exchanges to include a diverse variety of new markets such as stock trading, prediction markets, forex, and derivatives such as crypto volatility contracts.

Beyond fee reductions, the FTX native token, FTT, may be utilized for a number of reasons. A variety of different tokens can also be profitably staked on FTX.

ftx  cryrptocurrency exchange

Altcoin Trader

proscons
User friendlyOnly uses Rands and no other fiat currencies
No minimum amount requirements

Altcoin Trader is a crypto exchange for buying and selling cryptocurrencies in South Africa. It has a simple interface that is easy to use. Altcoin Trader is not as popular as Luno or Coinbase, but it is a good option for those who want to buy smaller altcoins on the South African market.

altcointrader cryptocurrency exchanges

Binance

proscons
Low feesSome currencies not available for trading
Wide variety of currencies availableDoes not support all countries
Fast transactions Can be difficult to navigate for first-time users
Good customer support

Binance is a crypto exchange. It was founded in 2017 by Changpeng Zhao and has grown to be one of the largest cryptocurrency exchanges in the world, with over $76 billion in daily trading volume.

It has offices all over the world and trades currencies from many different countries: USD, EURO, GBP, JPY (Japanese Yen), etc.. You can trade various cryptocurrencies like Bitcoin (BTC) Ethereum (ETH) Litecoin (LTC).

binance cryptocurrency exchange

Coinbase

proscons
Wide range of supported cryptocurrenciesSome user complaints about customer service
Generous referral programLimited payment methods available
Robust security featuresTransaction fees can be high
User friendly platform

Coinbase is the easiest place to buy and sell Bitcoin, Ethereum, and Litecoin in South Africa. Coinbase is a digital currency exchange headquartered in San Francisco, California.

It allows users to complete cryptocurrency transactions with other users anywhere in the world.

coinbase cryptocurrency exchange

Easy Crypto by EasyEquities

proscons
Easy to useNo cash deposit availble
Track investments on one placeNo app
Learner materials

The EasyCrypto10 model, which serves as the top index monitoring tool for the crypto asset market in South Africa, has taken the lead and is conceptually equivalent to exchange-traded funds (ETFs).

The majority of EasyCrypto’s assets are kept in cold storage, which adds another level of online protection.

easy crypto exchange

ChainEx

proscons
Beginner friendlySupports on ZAR
quick buy and selllimited features

ChainEx is a decentralized exchange that allows users to trade cryptocurrency without the need for a centralized platform. It’s based in South Africa and supports many cryptocurrencies, including Bitcoin, Ethereum and Litecoin.

The ChainEx platform is relatively new but it has already gained traction in the crypto community because of its low fees and security features. Users can expect low trading fees of 0% – 0.05%.

chainex cryptocurrency exchange

Yellow Card

proscons
Mobile appLagging customer support
Several payment options
Buy crypto in cash through agents

Yellow Card is a crypto exchange that operate in more than fourteen African countries. It offers trading of Bitcoin, Ethereum and Litecoin against the Rand. The exchange is regulated by the Financial Services Board (FSB) in South Africa, which means it meets all regulatory requirements.

Yellow Card also offers a mobile app to its users, so they can trade securely on the go using their mobile devices. Moreover, Yellow Card has an API integration that enables developers to build applications based on its platform.

yellow card cryptocurrency exchange

Crypto.com

proscons
Good selection of cryptocurrencies availablesupport can be slow
ability to earn interest at higher ratehigher fees

Crypto.com was initially founded in Hong Kong in 2016. It was acquired by Monaco in July 2018 and is now a subsidiary of the company.

Anyone who wishes to spend, trade, store, and store cryptocurrencies, notably Cronos, the utility token from Crypto.com, can benefit from using this cryptocurrency exchange. You can purchase, sell, and trade a wide variety of cryptocurrencies at reasonable prices using this all-inclusive exchange.

crypto.com cryptocurrency exchange

What are Cryptocurrency Exchanges?

Cryptocurrency exchanges are platforms where you can buy, sell, or trade digital assets for other cryptocurrencies or traditional fiat currencies. Cryptocurrency exchanges are online platforms that act as intermediaries for the exchange of digital assets.

They allow users to buy, sell, or trade cryptocurrencies in a variety of ways. Some cryptocurrency exchanges offer a simple interface that allows users to buy and sell cryptocurrencies with ease. Others offer more advanced features, such as margin trading, derivatives, and short selling.

There are multiple cryptocurrency exchanges on the market including Binance, VALR, Coinbase and Revix

Benefits of Cryptocurrency Exchanges

There are many benefits to using cryptocurrency exchanges.

One of the most obvious benefits is that it allows you to buy and sell cryptocurrencies without having to go through a traditional financial institution. This means that you can trade cryptocurrencies 24/7, 365 days a year.

Another benefit is that you can often get better prices on certain cryptocurrencies on exchanges than you would on traditional exchanges.

Finally, many exchanges offer additional features such as margin trading, which can help you make even more money.

Summary of Cryptocurrency Exchanges

So, if you’re looking to trade cryptocurrency in South Africa, these are some of the best options.

There are many more besides these 15 cryptocurrency exchanges, but we believe they represent the best balance between security and usability.

The most important thing is that you do your research and choose wisely!


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