Bitcoin Trading in South Africa

Bitcoin Trading Platforms in South Africa

See Our Top 10 Bitcoin Trading Brokers in South Africa

How to choose your bitcoin broker

Bitcoin Brokers Reputation

The first thing is reputation of your potential broker which is the most important of the factors to consider. when you are going to trust someone to buy and sell bitcoin for you for several hundred to use is regulated. The next step is to assess the broker’s reputation, which can usually be determined by who owns and runs the operation and by reading unbiased reviews about their services. Not all bitcoin brokers are regulated financial services companies, because bitcoin itself is not regulated. Having said that, ensuring that the broker you intend to use has a good reputation among its existing customers and has a clear and public ownership structure is key.

Broker Fees

The second one the fee amost equally as important are the fees the broker requires. Brokers always charge a commission, so you want to choose one that charges a reasonable fee. This is especially the case if you intend to trade actively because excessive commissions eat into your returns.

Time zone compatibility

Finding a broker within your time zone enables you to execute trades during normal business hours. Hence, if you are in the U.S., you are probably better off trading with a US-based broker as opposed to a UK- or Asia-based one. Having said that, if you intend to trade a lot and you also want to have access to European trading hours, for example, setting up an account at one of the London-based OTC brokers as well might not be such a bad idea.

Finally, you also want your broker to provide excellent customer service. It is never a good sign if you call a broker and no one answers, or if it takes a long time to get a reply to important emails. To find out whether a bitcoin broker offers good customer service, you can either read unbiased reviews online or simply try them out and see whether their customer service standard is up to what you expect from your broker.

Accounts Types

Not all, but most of the time, these online brokers have different levels of accounts which you are able to choose from. A good brokerage website should and always have options for their clients to choose from. These options sometimes include different deposit methods, withdrawals, spreads and a lot more! “Options” is the key word here.

You also need to keep in mind the minimum deposit required per account as this will greatly influence your decision-making. Aside from the options that you will be choosing from, we also need to put in mind the features that a website offers. When talking about accounts, always go for websites or at least give websites that have Demo Accounts the priority. Why? Demo Accounts can help you in so many ways!

The most important thing a Demo Account can help you with would be the ability to try all their features without even spending a dollar on the website.

Currencies Pairs

Some of the broker websites today not only offer crypto currency trading, but they also offer stocks, commodity, and Fiat trading. Do not get yourself confused on what you are there for, which is crypto currency. Know what they have and what you are capable of trading with.

Bitcoin Trading Broker Website

This box is pointed on what they have for you in general. What type of website do they have what type of trading platform do they work with? Is it a well-designed one or are you having troubles navigating it? It’s like choosing a car, there is no use in using the latest sports car if you do not know how to operate its digital assets. If this is the case, better choose a 68’ Shelby Mustang since you know how to make it run. In other words, if the website confuses you, then stay away from it.

Customer Service Provided by the Broker

Last but not the least. When a website involves money, always look for their customer service contact points. Do they have a phone number that you can call? Do they support live chat and email services? The last thing you want to have is a website that has a hold of your money but you are unable to contact them in any way possible. A good website should and always have at least two channels for you to contact them.

List these five most important things that you need to keep in mind in choosing your next Bitcoin broker website today. Please do also keep in mind that these are just my suggestions and are of course, available for any personalization of your own. Just keep in mind that the best website to transact with is a website that you are comfortable enough to give your trust (since they will be holding on to your money) and has the right channels to contact if anything goes south with your transactions.

How to Trade Bitcoin and Bitcoin Cash CFD’S in 4 Easy Steps in South Africa

1. Open a trading account with any of above listed bitcoin broker
2. Fund your account
3. Choose between contracts
4. Start trading

Bitcoin is the world’s first digital currency and it is expanding in popularity worldwide. Now, traders can trade Bitcoin with any regulated broker as the ideal asset in CFD trades. With their platform such as MetaTrader 4 – you can trade this rapidly growing currency against the greenback, 24/7*. Bitcoin is highly regarded among currency traders, and its volatile nature makes it ideal for CFD trading.

Recent Bitcoin in the News and Facts

• In August 2017 Bitcoin reached a market capital of over $73.4 billion
• Reached a record high of $4,400 in August 2017
• Analysts predict Bitcoin could hit $7,500 in 2018
• Global political uncertainty boosts investor sentiment
• Blockchain splits and creates Bitcoin Cash

 Cryptocurrency Trading Overview

Cryptocurrency Trading is the Forex (Foreign Exchange) of cryptocurrencies. This means, you are able to trade different bitcoin and altcoin normally for USD and BTC. Cryptocurrency Trading is an alternative way to get involved in the Crypto-World! It doesn’t require mining hardware nor investing in bitcoin hyips or bitcoin cloud mining (which always has risk involved in their integrity).

What is Crypto trading?

Cryptocurrency Trading is the Forex (Foreign Exchange) of cryptocurrencies. This means, you are able to trade different bitcoin and altcoin normally for USD and BTC. Cryptocurrency Trading is an alternative way to get involved in the Crypto-World.

How leveraged bitcoin trading works

Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit, because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.

When you buy bitcoin with our listed broker, you’re doing the same thing. But instead of taking ownership of bitcoin, you’re opening a position that will increase in value as bitcoin’s price increases against the dollar. If bitcoin’s price falls, then your position will lose value.

Bitcoin broker offers in two forms of leveraged bitcoin trading: CFDs and spread bets. You can use both to open short positions as well as long: so if bitcoin’s price drops, your position increases in value. Our spreads start at just 10 points, and you don’t have to trade bitcoin against USD, with GBP and EUR also available. Bitcoin can be traded on most of listed below trading platforms, including MT4.

Do I need a bitcoin wallet to trade bitcoin markets with bitcoin trading broker?

No. With listed bitcoin brokers you are simply speculating on the price movement of bitcoin ($). You never need to actually own any bitcoin

What is Cryptocurrency CFDs (Contact for Difference)

Bitcoin and Ethereum CFDs offer a possibility to trade on the cryptocurrency market without the need of owning any coins at all.

A crypto CFD is a contract between the buyer and seller, where typically the seller will pay to the buyer the difference between the current value of the crypto asset and its value at end of the contract. CFD certificates are typically used on goods (derivates) that are hard to store/own like gold, oil barrels and in this case cryptos.