Cryptocurrency exchange in South Africa

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IN THE SPOTLIGHT :
Updated: 29 / 09 / 2021
Posted on 6 September 2021

Trading any cryptocurrency is becoming increasingly popular among South African Internet users. When there is demand, the number of offers grows by default. Thus, more cryptocurrency exchanges appear on the cryptocurrency market.

Many people around the world are looking for the right platform to buy cryptocurrency. Therefore, if you are looking for the best bitcoin exchange in South Africa, we recommend a reliable IQ Option broker.
Trading any cryptocurrency is becoming increasingly popular among South African Internet users. When there is demand, the number of offers grows by default. Thus, more cryptocurrency exchanges appear on the cryptocurrency market.

Many people around the world are looking for the right platform to buy cryptocurrency. Therefore, if you are looking for the best bitcoin exchange in South Africa, we recommend a reliable IQ Option broker.
IQ Option cryptocurrency broker

Crypto Exchange in South Africa

You have decided to start trading cryptocurrency - you have studied the market and trends, you have read dozens of analytical articles, you have chosen your favorite, and you seem ready to start trading. But there is one more obstacle left on the way to this goal: it is not clear how to choose a cryptocurrency exchange. The variety of exchanges makes me dizzy.

What criteria should be followed to choose a South Africa cryptocurrency exchange and start an interesting and profitable business:

  • To study information about exchanges on the Internet in advance.
  • To study information in mass media, it is desirable to use foreign sources.
  • To choose an exchange with a longer and more reliable history of commerce.
  • Learn about payment methods, as well as how to deposit and withdraw money. Because some exchanges may not work with Visa and MasterCard. Swift transfers may have problems with the purpose of the payment.
  • Each exchange has a commission fee, which varies.
  • Currency and cryptocurrency exchange rates can be different on different exchanges.
  • It is worth choosing the exchange rate that is more profitable for you.
  • Experienced cryptocurrency traders work with several exchanges simultaneously.
  • During the registration of a trading account, it is obligatory to go through the verification procedure, that is, to confirm your personal data. Such measures help to neutralize fraud.
  • It is better not to stop your choice on the exchange, which has registration in offshore zones.

Having thoroughly studied all the criteria and having applied them to various types of crypto exchange, we recommend paying attention to the IQ Option broker.
You have decided to start trading cryptocurrency - you have studied the market and trends, you have read dozens of analytical articles, you have chosen your favorite, and you seem ready to start trading. But there is one more obstacle left on the way to this goal: it is not clear how to choose a cryptocurrency exchange. The variety of exchanges makes me dizzy.

What criteria should be followed to choose a South Africa cryptocurrency exchange and start an interesting and profitable business:

  • To study information about exchanges on the Internet in advance.
  • To study information in mass media, it is desirable to use foreign sources.
  • To choose an exchange with a longer and more reliable history of commerce.
  • Learn about payment methods, as well as how to deposit and withdraw money. Because some exchanges may not work with Visa and MasterCard. Swift transfers may have problems with the purpose of the payment.
  • Each exchange has a commission fee, which varies.
  • Currency and cryptocurrency exchange rates can be different on different exchanges.
  • It is worth choosing the exchange rate that is more profitable for you.
  • Experienced cryptocurrency traders work with several exchanges simultaneously.
  • During the registration of a trading account, it is obligatory to go through the verification procedure, that is, to confirm your personal data. Such measures help to neutralize fraud.
  • It is better not to stop your choice on the exchange, which has registration in offshore zones.

Having thoroughly studied all the criteria and having applied them to various types of crypto exchange, we recommend paying attention to the IQ Option broker.

Can South Africa Trade in Crypto?

Not only is legal to own, buy, and sell but it is becoming more and more popular to learn how to trade cyber cash in South Africa too. From investing with major cryptocurrencies like Bitcoin, to working on the changing values of the various leading digital assets, there is a little bit of everything right here.

Currently, there are regulations in the works for cryptocurrency trading in South Africa, but they have yet to be officially published. When they do, they will also likely make even further compensations for this growing trend. The future is likely to have digital currency in a big way and tagging along with these changes is starting to make more and more sense to the governments involved.

On top of this, top online systems like IQe Option have been growing rapidly amongst cryptocurrency traders South Africa too. From their binary facets to their Forex pairs, there is a slot for everyone on this platform. This involves the growing field of crypto trading. With more options continually coming out, this will likely only continue to see growth down the line.
Not only is legal to own, buy, and sell but it is becoming more and more popular to learn how to trade cyber cash in South Africa too. From investing with major cryptocurrencies like Bitcoin, to working on the changing values of the various leading digital assets, there is a little bit of everything right here.

Currently, there are regulations in the works for cryptocurrency trading in South Africa, but they have yet to be officially published. When they do, they will also likely make even further compensations for this growing trend. The future is likely to have digital currency in a big way and tagging along with these changes is starting to make more and more sense to the governments involved.

On top of this, top online systems like IQe Option have been growing rapidly amongst cryptocurrency traders South Africa too. From their binary facets to their Forex pairs, there is a slot for everyone on this platform. This involves the growing field of crypto trading. With more options continually coming out, this will likely only continue to see growth down the line.
So, for a trader looking for South African e-cash trading platforms, the place to be is IQ Option and the time to be there is right now. Ride the wave of this growing sensation and start trading with perhaps the most valuable currencies all over the world, like Bitcoin and other digital assets.

What is cryptocurrency

Of course, before you choose a broker to trade and proceed directly to it, you need to understand what cryptocurrency is, what its types are, and how to trade it.

Cryptocurrency is virtual money paid in a decentralized (not controlled by anyone) system.

Cryptocurrency is the result of computer calculations; electronic registries that store information about how much cryptocurrency a user has and where he transfers it. Cryptocurrency is stored on special electronic wallets.

With the advent of the Internet around the world periodically attempted to create a digital currency. However, no one trusted these projects, and they did not gain popularity. They were too easy to counterfeit.

The first cryptocurrency, bitcoin, was able to solve this problem with the help of blockchain. This system is compared to a big book containing all the records of what happens with cryptocurrency. And every bitcoin owner has an independent but identical copy of this book on hand.

Cryptocurrencies are usually created using blockchain technology. Blockchain describes the way transactions are recorded in "blocks" and time stamps. It is a rather complicated technical process, but the result is a digital registry of cryptocurrency transactions that is difficult for hackers to crack.

In addition, transactions require two-factor authentication. For example, you may be asked to enter your username and password at the beginning of the transaction. You may then be required to enter an authentication code, which is sent as a text message to your personal cell phone.

When you have figured out what cryptocurrency is, it's time to try trading. IQ Option offers enough types of cryptocurrency. See for yourself.
Of course, before you choose a broker to trade and proceed directly to it, you need to understand what cryptocurrency is, what its types are, and how to trade it.

Cryptocurrency is virtual money paid in a decentralized (not controlled by anyone) system.

Cryptocurrency is the result of computer calculations; electronic registries that store information about how much cryptocurrency a user has and where he transfers it. Cryptocurrency is stored on special electronic wallets.

With the advent of the Internet around the world periodically attempted to create a digital currency. However, no one trusted these projects, and they did not gain popularity. They were too easy to counterfeit.

The first cryptocurrency, bitcoin, was able to solve this problem with the help of blockchain. This system is compared to a big book containing all the records of what happens with cryptocurrency. And every bitcoin owner has an independent but identical copy of this book on hand.

Cryptocurrencies are usually created using blockchain technology. Blockchain describes the way transactions are recorded in "blocks" and time stamps. It is a rather complicated technical process, but the result is a digital registry of cryptocurrency transactions that is difficult for hackers to crack.

In addition, transactions require two-factor authentication. For example, you may be asked to enter your username and password at the beginning of the transaction. You may then be required to enter an authentication code, which is sent as a text message to your personal cell phone.

When you have figured out what cryptocurrency is, it's time to try trading. IQ Option offers enough types of cryptocurrency. See for yourself.
cryptocurrency IQ Option

Dividends from cryptocurrency

Newcomers to the blockchain world are attracted by the opportunity to make money from cryptocurrency, but often they simply do not know how to achieve this goal. It is very expensive to start mining and requires serious investments, it is possible to try your forces in trading and register an account on a cryptocurrency exchange, but there are also some points here. Not everyone has a talent as a trader, so they have all chances to lose their money playing on the exchange.

At the same time, not everyone (even the "old timers") know about the fact that some altcoins pay dividends to their investors. And some cryptocurrency news is even more interesting.
Newcomers to the blockchain world are attracted by the opportunity to make money from cryptocurrency, but often they simply do not know how to achieve this goal. It is very expensive to start mining and requires serious investments, it is possible to try your forces in trading and register an account on a cryptocurrency exchange, but there are also some points here. Not everyone has a talent as a trader, so they have all chances to lose their money playing on the exchange.

At the same time, not everyone (even the "old timers") know about the fact that some altcoins pay dividends to their investors. And some cryptocurrency news is even more interesting.

A short list of cryptocurrencies that pay dividends

NEO crypto
NEO is an altcoin issued by the PRC, and China is the real economic monster of the modern world. The token appeared as a kind of alternative to the top coin "etherium" and although it took the best from its "big brother", it was reasonably refined. Payouts to Altcoin holders are about 3% per annum, given the prospects and the rapid growth of the cryptocurrency market, the opportunity to wake up, and the coin costs $ 1000 per unit, pretty good interest. Although it should be noted that not so long ago the payments were equal to 10%...
NEO is an altcoin issued by the PRC, and China is the real economic monster of the modern world. The token appeared as a kind of alternative to the top coin "etherium" and although it took the best from its "big brother", it was reasonably refined. Payouts to Altcoin holders are about 3% per annum, given the prospects and the rapid growth of the cryptocurrency market, the opportunity to wake up, and the coin costs $ 1000 per unit, pretty good interest. Although it should be noted that not so long ago the payments were equal to 10%...
PIVX coin
PIVX - this coin will be interesting to those who think that 3% is not enough, because it pays 4% per annum. That just has very unpleasant requirements for its investors. Requirements to stay online 24/7, 365 days a year! Consequently, there are huge risks that your android will run out of battery or the ISP will carry out "preventive maintenance" for some reason, and the Internet will not be available for a couple of hours, and therefore you won't get the interest.
PIVX - this coin will be interesting to those who think that 3% is not enough, because it pays 4% per annum. That just has very unpleasant requirements for its investors. Requirements to stay online 24/7, 365 days a year! Consequently, there are huge risks that your android will run out of battery or the ISP will carry out "preventive maintenance" for some reason, and the Internet will not be available for a couple of hours, and therefore you won't get the interest.
Komodo coin
Komodo is a cryptocurrency not just because its symbol is a famous lizard (the largest in the world), which looks like a dragon from fairy tales. Why? It pays its investors as much as 5% per annum! It also has requirements for the owners of the token. Although they are quite simple, you need to be active once a month. In theory, it is enough to have 2 wallets and transfer from one to the other your altcoins. Developers allow one person to own 3 wallets, so there should be no problems.
Komodo is a cryptocurrency not just because its symbol is a famous lizard (the largest in the world), which looks like a dragon from fairy tales. Why? It pays its investors as much as 5% per annum! It also has requirements for the owners of the token. Although they are quite simple, you need to be active once a month. In theory, it is enough to have 2 wallets and transfer from one to the other your altcoins. Developers allow one person to own 3 wallets, so there should be no problems.
KuCoin coin
KuCoin - altcoin very nice payments of about 10% per annum, plus a bonus of 50% of the amount traded on the cryptocurrency exchange South Africa. of the same name. Like any exchange, "Kukoin" withdraws a small percentage from traders for making trades. Then they distribute 50% of the proceeds among the holders of their coin. Naturally, the working principle is somewhat similar to a joint-stock company; the one who has more tokens gets more coins in his wallet at the end of the day.
KuCoin - altcoin very nice payments of about 10% per annum, plus a bonus of 50% of the amount traded on the cryptocurrency exchange South Africa. of the same name. Like any exchange, "Kukoin" withdraws a small percentage from traders for making trades. Then they distribute 50% of the proceeds among the holders of their coin. Naturally, the working principle is somewhat similar to a joint-stock company; the one who has more tokens gets more coins in his wallet at the end of the day.
BridgeCoin coin
BridgeCoin - the token is named after the cryptocurrency exchange of the same name. How does it work? Very similar to "kukoin". Dividend payments are equal to 10% per annum.
BridgeCoin - the token is named after the cryptocurrency exchange of the same name. How does it work? Very similar to "kukoin". Dividend payments are equal to 10% per annum.
Neblio coin
Neblio - the developers of this cryptocurrency created their own blockchain algorithm and in some ways are a direct competitor to bitcoin. At the time of writing, they pay their investors 11% per annum.
Neblio - the developers of this cryptocurrency created their own blockchain algorithm and in some ways are a direct competitor to bitcoin. At the time of writing, they pay their investors 11% per annum.
As it is clear from the above, there is a real opportunity to earn from cryptocurrency, without mining, trading and other complex manipulations. A person only has to choose which way to enter cryptocurrencies and earn.

What is blockchain? What is a cryptocurrency wallet?

Blockchain

Blockchain is the latest technology, the interest in which has grown along with the popularity of cryptocurrencies. Today it is widely discussed not only in the world of finance. Blockchain is already being used to store and process personal data and identification, in marketing and computer games. But what is blockchain?
Blockchain in South Africa
Blockchain is a registry of decentralized data that can be exchanged securely.
Blockchain technology allows a collective group of select participants to exchange data. With blockchain, transaction data can be collected and transmitted from multiple sources. The data is broken down into common blocks that are linked together using unique identifiers in the form of cryptographic hashes. Blockchain ensures data integrity with a single source of reliable information, eliminating data duplication and increasing security.

In a blockchain system, data fraud and tampering are prevented by the fact that data cannot be changed without the permission of all parties. The blockchain registry can be shared but cannot be changed. If someone tries to change data, everyone involved will be alerted and will know who is making the attempt.

Blockchain

Blockchain is the latest technology, the interest in which has grown along with the popularity of cryptocurrencies. Today it is widely discussed not only in the world of finance. Blockchain is already being used to store and process personal data and identification, in marketing and computer games. But what is blockchain?
Blockchain South Africa
Blockchain is a registry of decentralized data that can be exchanged securely.
Blockchain technology allows a collective group of select participants to exchange data. With blockchain, transaction data can be collected and transmitted from multiple sources. The data is broken down into common blocks that are linked together using unique identifiers in the form of cryptographic hashes. Blockchain ensures data integrity with a single source of reliable information, eliminating data duplication and increasing security.

In a blockchain system, data fraud and tampering are prevented by the fact that data cannot be changed without the permission of all parties. The blockchain registry can be shared but cannot be changed. If someone tries to change data, everyone involved will be alerted and will know who is making the attempt.

Сryptocurrency wallet

A cryptocurrency wallet is a special high-tech program that makes it possible to receive, send and store cryptocurrency. There are cryptocurrency wallets that work with only one cryptocurrency. There are also multi-currency cryptocurrency wallets. Let's find out more about them.
Сryptocurrency wallet
There are several ways to store cryptocurrency:
Online cryptocurrency wallets are hosted on websites and give users access from any computer device
With mobile cryptocurrency wallets placed on mobile gadgets, users have access to their money at any time, if only they had access to the Internet
An exchange-based cryptocurrency wallet is placed on the website of a cryptocurrency exchange
A software crypto wallet is a program and is installed on a personal computer. The keys to such a wallet in the form of an encrypted code are available to the user of the computer device
Hardware crypto-purses are devices resembling an ordinary USB flash drive. Hardware crypto wallets have their own software
Paper crypto wallets are created on a separate website and printed out by users
Browser-based crypto wallets work in the browser and are extensions in Google Chrome
Deposit cryptocurrency wallets hosted on an exchange platform
Consider the pros and cons of the most popular and frequently used wallets:

Сryptocurrency wallet

A cryptocurrency wallet is a special high-tech program that makes it possible to receive, send and store cryptocurrency. There are cryptocurrency wallets that work with only one cryptocurrency. There are also multi-currency cryptocurrency wallets. Let's find out more about them.
Сryptocurrency wallet
There are several ways to store cryptocurrency:
Online cryptocurrency wallets are hosted on websites and give users access from any computer device
With mobile cryptocurrency wallets placed on mobile gadgets, users have access to their money at any time, if only they had access to the Internet
An exchange-based cryptocurrency wallet is placed on the website of a cryptocurrency exchange
A software crypto wallet is a program and is installed on a personal computer. The keys to such a wallet in the form of an encrypted code are available to the user of the computer device
Hardware crypto-purses are devices resembling an ordinary USB flash drive. Hardware crypto wallets have their own software
Paper crypto wallets are created on a separate website and printed out by users
Browser-based crypto wallets work in the browser and are extensions in Google Chrome
Deposit cryptocurrency wallets hosted on an exchange platform
Consider the pros and cons of the most popular and frequently used wallets:

Crypto Exchange with IQ Option in South Africa

IQ Option is a platform that offers the widest range of cryptocurrencies. Some of the biggest names in the crypto world like Bitcoin, Litecoin, Ethereum, Dash, Ripple and many more are offered on IQ options.
IQ Option is a platform that offers the widest range of cryptocurrencies. Some of the biggest names in the crypto world like Bitcoin, Litecoin, Ethereum, Dash, Ripple and many more are offered on IQ options.
Crypto Exchange with IQ Option
In addition, the IQ options platform is considering adding more cryptocurrencies in the future. IQ options also offer futures trading.

Being a regulated broker, IQ Option allows even the youngest traders to make trading decisions quickly. Using the platform allows traders to buy and pop their choice of MasterCard or Visa with no form of verification for trades or transactions under $20,000 XNUMX.
If you want to trade larger amounts of money, you will need to buy a larger wallet. For example, a wallet like the Trezor or Ledger Nano S might work for you.
For people from South Africa trading with IQ options for the first time, you can use a demo account to try out your strategies. To use a demo account, you must register.

To start trading on a real account, you need to deposit a minimum deposit. Here is the IQ Option minimum deposit in each currency:
In addition, the IQ options platform is considering adding more cryptocurrencies in the future. IQ options also offer futures trading.

Being a regulated broker, IQ Option allows even the youngest traders to make trading decisions quickly. Using the platform allows traders to buy and pop their choice of MasterCard or Visa with no form of verification for trades or transactions under $20,000 XNUMX.
If you want to trade larger amounts of money, you will need to buy a larger wallet. For example, a wallet like the Trezor or Ledger Nano S might work for you.
For people from South Africa trading with IQ options for the first time, you can use a demo account to try out your strategies. To use a demo account, you must register.

To start trading on a real account, you need to deposit a minimum deposit. Here is the IQ Option minimum deposit in each currency:
To start trading on a real deposit in IQ Option, a trader needs to transfer money to his account in the company. You can do it in a couple of minutes, even from the comfort of your home, but first let's see what payment systems the broker works with:
To start trading on a real deposit in IQ Option, a trader needs to transfer money to his account in the company. You can do it in a couple of minutes, even from the comfort of your home, but first let's see what payment systems the broker works with:
Deposit in IQ Option
A professional team of analysts and personal IQ Option managers work every day to provide traders with personal financial advice, up-to-date news and trading signals. Every trader can attend free educational webinars where they will learn the peculiarities of the binary options market, main trading techniques, terms and common mistakes of beginners that should be avoided.

Will consider the main advantages and disadvantages of trading in South Africa with IQ Option.

Advantages and disadvantages of trading on IQ Option in South Africa:
A professional team of analysts and personal IQ Option managers work every day to provide traders with personal financial advice, up-to-date news and trading signals. Every trader can attend free educational webinars where they will learn the peculiarities of the binary options market, main trading techniques, terms and common mistakes of beginners that should be avoided.

Will consider the main advantages and disadvantages of trading in South Africa with IQ Option.

Advantages and disadvantages of trading on IQ Option in South Africa:

The most important and popular cryptocurrencies on IQ Option

Bitcoin

Bitcoin is the most popular and truly dominant, of the now popular, cryptocurrency in the whole world, was launched back in 2009. Bitcoin occupies about 45% of the global cryptocurrency market, with a combined value of more than $65 billion. At the moment, this cryptocurrency is the most expensive in the whole world.
Bitcoin is the most popular and truly dominant, of the now popular, cryptocurrency in the whole world, was launched back in 2009. Bitcoin occupies about 45% of the global cryptocurrency market, with a combined value of more than $65 billion. At the moment, this cryptocurrency is the most expensive in the whole world.

Ethereum

Ethereum is the second most expensive cryptocurrency in the world after Bitcoin, worth more than 1/2 of all bitcoins. This fact is a huge success, considering the breakthrough of the first cryptocurrency. Ethereum is famous for its volatility spikes. The peculiarity of Ethereum is smart contracts, which are in the Ethereum blockchain technology itself, thus providing reduced transaction time and additional security.
Ethereum is the second most expensive cryptocurrency in the world after Bitcoin, worth more than 1/2 of all bitcoins. This fact is a huge success, considering the breakthrough of the first cryptocurrency. Ethereum is famous for its volatility spikes. The peculiarity of Ethereum is smart contracts, which are in the Ethereum blockchain technology itself, thus providing reduced transaction time and additional security.

Ripple

Ripple is, first and foremost, a company that generates truly global financial solutions. Hence, it was also logical that the company decided to launch its own cryptocurrency. Transactions are almost instantaneous. The scale and speed will be a characteristic feature, as the system is capable of processing 1000 transactions/second, which is 66 times faster than Ethereum. It is also characterized as being unmatchedly stable. Today, the Ripple cryptocurrency is the third largest market capitalization in the world.
Ripple is, first and foremost, a company that generates truly global financial solutions. Hence, it was also logical that the company decided to launch its own cryptocurrency. Transactions are almost instantaneous. The scale and speed will be a characteristic feature, as the system is capable of processing 1000 transactions/second, which is 66 times faster than Ethereum. It is also characterized as being unmatchedly stable. Today, the Ripple cryptocurrency is the third largest market capitalization in the world.

Litecoin

Litecoin was created on the wave of Bitcoin's triumphant popularity and is one of the alternative cryptocurrencies. The essential difference between Litecoin and Bitcoin is that the former is able to confirm transactions much faster, additionally there is no control of activities by the central authority. This cryptocurrency boasts almost zero fees, as well as almost instantaneous transaction execution - as much as 4 times faster than Bitcoin.
Litecoin was created on the wave of Bitcoin's triumphant popularity and is one of the alternative cryptocurrencies. The essential difference between Litecoin and Bitcoin is that the former is able to confirm transactions much faster, additionally there is no control of activities by the central authority. This cryptocurrency boasts almost zero fees, as well as almost instantaneous transaction execution - as much as 4 times faster than Bitcoin.

Dash

Dash (formerly Darkcoin and XCoin) was revealed to the world in 2014. This cryptocurrency has all the characteristics of bitcoin. Dash also has the ability to conduct private transactions (Private Send), instant transactions (Instant Send) and decentralized management (DGBB). Using Dash it is possible to perform transactions in a fraction of a second with full anonymity.
Dash (formerly Darkcoin and XCoin) was revealed to the world in 2014. This cryptocurrency has all the characteristics of bitcoin. Dash also has the ability to conduct private transactions (Private Send), instant transactions (Instant Send) and decentralized management (DGBB). Using Dash it is possible to perform transactions in a fraction of a second with full anonymity.

While trading on the IQ Option platform, it is possible to use one of the three instruments intended for trading in bitcoins: buying cryptocurrencies, CFD contracts on cryptocurrencies and trading on digital options. Each of these tools should be used depending on the timing of the trading plan and the personal trading style of the trader.

Buying cryptocurrency is the first logical tool. The mechanism of actions here will be similar to Forex trading and the work of cryptocurrency exchanges, because it consists in the very purchase of a cryptocurrency and keeping a position on it for a long enough line, allowing the trader to get the desired profit, covering the spread. If the trader believes that the price of a particular cryptocurrency will increase over time, then he needs to make a purchase, after which he will perform a short sale, in case it is expected to fall. With all that said, the gains are directly related to the difference between the opening price and the closing price of the trade. Analysts believe that buying cryptocurrencies is best for long-term trades due to the higher spreads.

CFDs on cryptocurrencies imply that the trader buys the contract, not the cryptocurrency itself, thus earning on the price difference (current and future). The way of earning in this variant is similar to the previous one, i.e., more price difference means higher profit share. Despite the similarity between buying CFDs and buying cryptocurrencies, they both work in their own way. When trading CFDs, the trader can use the multiplier that allows borrowing the necessary amount for the period of transaction, thus the trader is able to control larger positions than without borrowing. Also, when buying CFDs, short-term deals are permitted due to the low spreads. There is also no need for large price fluctuations in order to keep the net profit. But remember that by trading this way the profitability and risks will be equally multiplied.
Digital Options are a less profitable tool compared to the previous two, but they have the advantage of speed and reduced profitability. A trader who has chosen to trade Digital Options must guess the trend direction without regard to its strength. Such trades can be limited in time - up to 30 seconds. Therefore, remember that even the slightest changes in the exchange rate can lead to an increase in profitability.
While trading on the IQ Option platform, it is possible to use one of the three instruments intended for trading in bitcoins: buying cryptocurrencies, CFD contracts on cryptocurrencies and trading on digital options. Each of these tools should be used depending on the timing of the trading plan and the personal trading style of the trader.

Buying cryptocurrency is the first logical tool. The mechanism of actions here will be similar to Forex trading and the work of cryptocurrency exchanges, because it consists in the very purchase of a cryptocurrency and keeping a position on it for a long enough line, allowing the trader to get the desired profit, covering the spread. If the trader believes that the price of a particular cryptocurrency will increase over time, then he needs to make a purchase, after which he will perform a short sale, in case it is expected to fall. With all that said, the gains are directly related to the difference between the opening price and the closing price of the trade. Analysts believe that buying cryptocurrencies is best for long-term trades due to the higher spreads.

CFDs on cryptocurrencies imply that the trader buys the contract, not the cryptocurrency itself, thus earning on the price difference (current and future). The way of earning in this variant is similar to the previous one, i.e., more price difference means higher profit share. Despite the similarity between buying CFDs and buying cryptocurrencies, they both work in their own way. When trading CFDs, the trader can use the multiplier that allows borrowing the necessary amount for the period of transaction, thus the trader is able to control larger positions than without borrowing. Also, when buying CFDs, short-term deals are permitted due to the low spreads. There is also no need for large price fluctuations in order to keep the net profit. But remember that by trading this way the profitability and risks will be equally multiplied.
Digital Options are a less profitable tool compared to the previous two, but they have the advantage of speed and reduced profitability. A trader who has chosen to trade Digital Options must guess the trend direction without regard to its strength. Such trades can be limited in time - up to 30 seconds. Therefore, remember that even the slightest changes in the exchange rate can lead to an increase in profitability.

Crypto Trading on IQ Option Platform

HOW TO START

IQ Option registration form
REGISTER
Sign up or log in to an account through the IQ Option platform or web page.
DEPOSIT
Once in, select the deposit option and make the necessary selection. Digital money traders South Africa can even make this deposit from their Bitcoin wallets after buying Bitcoin through cryptocurrency exchanges. It will likely ask to set up a withdrawal wallet at the same time, to complete the whole transaction cycle.
PICK AN ASSET
Once the deposit is made and all cleared, select the preferred financial instrument and start setting up the trade. It is as easy as that to get started. With a whole slew of options, even amongst the digital cash trading platforms South Africa, traders will notice they are more than spoiled for choices. There are several tools and support features to help navigate through these options.
IQ Option deposit options
Trading instrument and asset selection
STEP 1
STEP 2
STEP 3
$ 20 000 000 +
1 000 000 +
MOMEY WITHDRAWN:
2013
FOUNDED IN:
TRADE DEALS:
PER DAY
PER MONTH
CUSTOMER SUPPORT:
24/7
START SMALL
RISK MANAGEMENT
24/7 SUPPORT
To open a standard account, only a minimum deposit of $10 is required
With negative balance protection you never risk more than the investment amount
Prompt multilingual support

Start Trading

After creating an account you can enter the trade room right in your browser, or download the app on a device of your choice.

$10,000
virtual & reloadable
for practice
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

FAQ

Which is the best crypto Exchange in South Africa?
One of the best brokers for trading in South Africa is IQ Option.

IQ Option is one of the large binary options and CFD brokers, which was founded in 2013. The company is registered in the small island state of Saint Vincent and the Grenadines. Its monthly payouts in 2020 exceeded $20 million.
How can I get cryptocurrency in South Africa?
Sometimes blockchain projects give away their tokens for free to attract new users. Often the prizes are small - a few dollars. However, there are cases when startups give away tens of thousands of dollars in their coins.

Ways to get cryptocurrency in South Africa:

  • Cryptocurrency exchanges
  • Exchanges
  • Bempayer cranes to earn money
  • Mining
  • ICO and IEO
What is the best crypto wallet in South Africa?
If you want to trade larger amounts of money, you will need to buy a larger wallet. For example, a wallet like the Trezor or Ledger Nano S might work for you.
What's the cheapest way to buy crypto?
The easiest way to buy cryptocurrency is through exchangers. As a rule, they give the opportunity to buy the most popular digital assets, which are among the top 20 in terms of capitalization. These include Bitcoin, Ethereum, XRP and others, as well as USDT Stablecoin.
How do I start trading in Cryptocurrency?
To start cryptocurrency trading South Africa users must acquire a broker. IQ Option is such a broker and has multiple cryptocurrency options to utilise. To begin trading, users must register an account with them and sign in. Once connected, the alternative trading options will become available and then one can start trading.
Which platform is best to trade?
While other online brokers exist, IQ Option is a top ranked Cryptocurrency trading platform, amongst other things. This intuitive and fully featured platform even offers a slew of choice financial markets, including of course the cryptocurrency options. It's perhaps the best option to trade on for several reasons.

  • Low Minimum Deposit. IQ Option delivers an access to trade cryptocurrency South Africa is included in for just a $10 minimum deposit. Traders may enter the trade room with real money and make investments on their chosen assets starting from just $1. This low value makes it possible to try out several options and even develop strategies running multiple trades at once.

  • Selection of Assets. There are over 14 pairs connected to this cryptocurrency marketplace, so traders are privy to a lot of choice on what they trade. This is further improved on by the other markets that are included. Each of these have a rundown on their spread, variance and leverage to help paint a more complete picture of what is available on this crypto trader South Africa option.

  • High Leverage. While investing on one of IQ Option's cryptocurrency trading platforms, clients could employ the powerful leverage multiplier to their investment. This varies from asset to asset but can be as high as x10 on the cryptocurrency assets. This can make for increased volume to trades, capitalising on the low deposit options.

  • Practice Options. Another great perk of using IQ Option for crypto trades is the demonstration account they have around. Anyone can access this demo and trade with a virtual $10 000, accessing the majority of the large crypto market through this. In terms of preparing for these sorts of trades and developing a reliable strategy, this is one of the most powerful tools.

  • Tools and Resources. Any long-term trading initiative requires a good amount of research and strategy. IQ Option helps develop these by giving their users access to tutorials, webinars, supporting staff and more. There are news updates and graphical tools to help plot out projections. All of this helps to understand the market and any moves it might make.

  • Abundant Payment Methods. With IQ Option, there are a wide choice of different payment avenues to use for deposits and withdrawals. This makes connecting and disconnecting from the marketplace an easy and secure process. When it comes to trading in any form, this is a useful aspect of an online broker.
Is Cryptocurrency regulated in South Africa?
Currently, buying and selling cryptocurrency is not regulated in South Africa. It is legal however, and so traders are more than welcome to engage in the global marketplace from there and have often been involved buying Bitcoins and selling Bitcoins amongst others. Down the line there are plans to implement regulations on this asset in South Africa, following compliance with the Financial Action Task Force (FATF).

These regulations will not prohibit the trading of these assets but rather keep them within the supported parameters. This will ensure trading in this sector of the market remains above board and operating as fairly as possible. Until then, it is the platforms available and their specific assets that will govern the results of such trading.

CFD trading, especially in African countries, is a great way for regulated brokers to provide all the necessary trading across assets like crypto and other fiat currency types. It will allow users unrestricted access as these assets are not actually being bought or sold directly. This also allows users to consider a broker's offer in all its capacity and does not restrict them to specific options.
Can Crypto make you rich?
This is a question that many people around the world have asked themselves and others since the first cryptocurrencies emerged into the market. The truth is, there are several who have made a lot of money dealing with cryptocurrencies. There are also a lot of people that have lost money doing the same thing.

The often-unpredictable fluctuations in the values of these digital currencies has made it a challenge to investors. At the same time, these rapid movements in price are what makes it appealing to those trying to make some money out of it. There is simply a high level of risk and reward attached to these assets and the more aware of this that traders are, the more likely they will be able to make the necessary moves to increase earnings.

By investing through the IQ Option system, there are the perks of the platform that may help make better investments and ideally better earnings. With dedication and information, traders can make a lot of money by trading on the value of crypto. So, how bold are traders willing to be, and how much are they willing to risk to possibly take home a fortune.

Trading on IQ Option also leads to access to all of their professional tools and resources. This can have a dramatic impact on the success of these trades if used correctly. From their graphics and charting tools, to their latest news updates and specific tutorials on each of the instruments.
Is trading Cryptocurrency safe?
If traders go through a reliable broker like IQ Option, then the trading part of the experience will be safe and secure. This is because of the many regulations and security features that are under this platform's operation. It creates a safe space to trade and deposit in.

Whether cryptocurrency trading is a safe bet financially is a different story, and one subject to serious debate. However, like with all trading, while there are risks attached, with a decent amount of preparation and patience traders can shift the odds in their favour and capitalise on this volatile market. It still might not be the safest investment but with the possible returns on the table it is likely worth this risk.

By combining quick action with comprehensive research, users can make an otherwise risk prone investment more reliable and accountable. This is what separates good traders from the great ones, pushing their investments to the top of the table.
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