Buy bitcoin in South Africa (SA) from a bitcoin exchange.
They’re two licensed bitcoin exchanges in SA for buying bitcoin, namely Ice Cubed, and Luno. Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out.
If you’d like to be in full control of your bitcoin once you’ve used an exchange, you can withdraw your bitcoin from the exchange to your personal bitcoin wallet. There are a couple of Crypto brokers in South Africa to choose from Bitcoin-OTC, ShapeShift, Bitit, CoinCorner and Coinmama, while others include.
Buy and trade bitcoin on LocalBitcoins.com, a website where you can find people near to you who are also looking for buyers and sellers of bitcoin. You can advertise that you’d like to buy or sell bitcoin, and you can trade with other users of the LocalBitcoins website. Trades can happen on the website using escrow and bank transfers, or you can meet the buyers in person and trade cash.
Buy and sell bitcoin using Mycelium wallet on your mobile phone. If you’ve installed the Mycelium wallet on your mobile phone, there’s an option for you to Buy and Sell bitcoin with other users of the Mycelium wallet. You can advertise that you’re looking to buy or sell bitcoin, and using your GPS information, the wallet will let you know of other people near to you who also want to trade. Mycelium wallet will help you to trade with the other users face to face.