How to Sign Up with Binance and how to verify

Binance is one of the leading crypto exchanges in the world and what makes Binance so popular is the fact that the company offers its users the freedom to earn, hold, spend, share and give their money. Binance was launched about 5 years ago in July 2017 by Changpeng Zhao and within a year Binance grew to become the largest cryptocurrency exchange in the world. Binance offers several cryptocurrencies on its platform including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dogecoin and several others, in fact there is more than 200 cryptocurrencies available on the platform. What also makes Binance popular with crypto traders is the fact that it has low trading fees and therefore customers can realise huge profits as compared to other crypto exchanges. Binance is an online platform which can be accessed through the Binance website or mobile App, what this means is that in order for you to use the platform, you need to register for a Binance South Africa account. 

How to Sign Up with Binance South Africa? 

In order for you to Sign Up or Register for a Binance account, you must,

Open the Binance App and tap the ‘Sign Up’ button

Select a registration method. You can sign up with your email address, phone number, and Apple or Google account.

Signing Up with your Email or Phone number

If you choose to Sign Up with your Email/Phone number:

Select ‘Email’ or ‘Phone Number’ and enter your Email address/Phone number. 

You then need to create a secure password for your account.

Read and agree to the Terms of Service and Privacy Policy.

You then need to tap the ‘Create Account’ button.

You will receive a 6-digit verification code in your email or phone. 

Enter the code within 30 minutes and tap the ‘Submit’ button.

Sign up with your Apple/Google account

If you choose to Sign Up with your Apple/Google account

Select ‘Continue with Apple’ or ‘Continue with Google’. You will be prompted to sign in to Binance using your Apple or Google account.

Click on the ‘continue’ button to proceed.

Read and agree to the Terms of Service and Privacy Policy, then tap the ‘Confirm’ button and your account would be succesfully created.

How to verify your Binance account in South Africa?

Binance, just like any other cryptocurrency exchange requires you to complete a KYC (Know Your Customer) check, this is because KYC requires financial service providers to identify and verify their customers. KYC checks are extremely important because they improve trust in the industry and help financial service providers to manage their risks. Please note that you can verify your account through official identification, such as a government-issued ID or visa. You need to follow the steps below in order for you to get verified on the Binance platform.

Once you have created a Binance account, visit the homepage and click on ‘Get Verified’ 

Select your country of residence and click ‘Continue’.

Enter the following details as they appears on your identity documents and click ‘Continue’

First Name

Middle Name

Last Name

Date of Birth

Proceed by entering your Residential Address and click on ‘Continue’.

Select a document for verification and click on ‘Continue’.

Upload a photo of your document by clicking ‘Take Photo’. Once uploaded click on ‘Continue’.

Click on ‘Take a Selfie’ and click on ‘Continue’.

After uploading your selfie, you will need to perform a facial recognition test. Click on ‘Continue’ and follow the on-screen instructions.

After completing the steps above, your KYC verification will be under review and you will receive an email you once verification is complete.

You then need to provide your Proof of Address by inputting your address details and clicking on ‘Continue’. 

On the next screen, upload your Proof of Residential Address by clicking the ‘Document’ drop-down and selecting an accepted document. 

Proceed to upload a photo by clicking on ‘Upload’. 

Once you have uploaded, click on the ‘Submit’ button.

Making money with Luno

We cannot talk about cryptocurrency exchanges and not mention Luno, that discussion will not be complete because Luno is one of the top crypto exchanges in the world. Luno is a popular cryptocurrency exchange and payment service which has been in the crypto industry for some time now having been launched in the year 2013, and this makes them a seasoned crytpo exchange. The exchange is available in over 40 countries across the globe including in South Africa, United Kingdom and Australia. Luno offers top cryptocurrencies such as Bitcoin and Ethereum and this is great because these are the two largest coins by market capitalization, across fiat currencies. It is important to note that Luno is just a platform where people use to buy and sell their cryptocurrencies, so in a way the company connects buyers to sellers. Luno offers an instant buy/sell option and in this case, they will be acting as the broker. Luno is not a platform which is there to take advantage of you, but the real reason behind the creation of Luno was to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. This article seeks to explain how Luno is to empowering people and how you can make money on the Luno platform.

How to make money with Luno?

The fact that the majority of people in the world are living in poverty suggests that making money is not as easy as most people think and in order for you to make money, you need to do your own research and make informed financial decisions. You might have probably heard that people are making real money investing in crypto, whilst that is true, you will also discover that there are several people who have invested in crypto and have not reaped any rewards, in fact they have made a huge loss and that is because they do not fully understand how it all works out and in order for you to trade in crypto, the first step is to do research in terms of which coins to trade with, which crypto exchanges offer better value, how much to invest amongst other things.

Firstly, it is important to note that Luno is not a financial services provider that offers personal finance products, such as insurance, investments, or loans, but they are just a cryptocurrency company which offers an exchange, wallet as well as the popular Luno Savings, which allow you to earn interest on your bitcoin, Ethereum and USDC holdings. 

You need to understand how the Luno market works and the simple way to understand how to make money on the platform is that the price you sell your crypto has to exceed the price you bought that crypto with in order for you to make a profit, if the opposite happens, you will realise a loss. In this case timing becomes something you must get right because it is better for you to hold on to your cryptocurrency if the price is bad and wait until the time when the price is good and then sell in order to make a profit. The price of a coin is ussually affected by demand, if the demand is high, the price of the coin usually increases and if you want to sell, this is probably the best time for you to sell.

The Luno Savings product works just like a savings account with a conventional bank, whereby you can earn up to 1.5%* interest on your Bitcoin**, 2% on your Ethereum**, and up to 7.6%* interest on your USDC** per annum. A number of crypto exchanges are offering a Savings product to their customers but what seperates the Luno Savings from the rest is the fact that there are no fixed terms, no admin fees, and your funds can be moved into your Luno wallet for local currency whenever you need. Please note that your earnings are then paid on the first day of each month in the form of crypto and they are paid directly into your correlating Savings Wallet. You have absolute control over the crypto paid into your Savings wallet as you can either choose to withdraw them straight away, or leave them in to compound and grow exponentially.

How to calculate and pay taxes on crypto trading and earnings in South Africa

Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions, it uses cryptography to secure transactions. One thing people love about cryptocurrencies is the fact that they don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units. 

Cryptocurrency is a a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of carrying money around and exchanging it in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. 

Cryptocurrencies came into existence in the year 2009 and Bitcoin was the first cryptocurrency to exist and it was developed by Satoshi Nakamoto, up to date, Bitcoin remains the best and most popular coin in the cryptocurrency industry. As of today, there is more than 12,000 cryptocurrencies available in the industry and some of the top perfoming cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Solana (SOL), Avalanche (AVAX), Litecoin (LTC), Binance Coin (BNB), Cosmos (ATOM), Filecoin (FIL) amongst several other cryptocurrencies. 

When cryptocurrency was first launched, it was intended to be a medium for daily transactions, making it possible to buy everything from a cup of coffee to a computer or even big-ticket items like real estate. For a while, that failed to materialized but we are starting to see more and more businesses accepting cryptocurrencies and this shows that this indusrty is on the asscendancy and it is only wise for people to start looking at investing in cryptocurrency. This article seeks to detail how to calculate and pay taxes on crypto trading and earnings in South Africa.

Do I need to pay tax on Crypto in South Africa?

A number of people in South Africa do not have the necessary information when it comes to cryptocurrencies and one pertinent question they have is how much tax they have to pay on crypto in South Africa. It is important to realise that indeed you have to pay tax on cryptocurrency in South Africa, this knowledge is crucial for everyone trading in cryptocurrency because by paying your taxes on your crypto, you will avoid a run-in with the South African Revenue Service (SARS). SARS views cryptocurrencies as a digital representation of value not issued by a central bank. This means that crypto assets are not considered equal to fiat currencies such as the South African Rand but are instead considered to be an asset or trading stock for tax purposes.

Popular South African musician, Dr Malinga recently revealed how SARS had wiped his home clean and auctioned his furniture and belongings worth R500 000, although his case has nothing to do with crypto, it just proves that you do not want to be caught on the wrong side of SARS. According to SARS, crypto is subject to tax, and please note that you may pay Capital Gains Tax or Income Tax depending on the transaction and the intentions of your investment activities.

What are the impications of avoiding crypto tax?

To be honest, many young people are trading in cryptocurrencies without being aware of their obligations to the South African Revenue Service (SARS). You are advised to pay your crypto taxes because you can now be held criminally liable if you fail to file your tax returns, even if it was unintentional. Do not even think about underreporting or outright avoiding crypto taxes because the South African Revenue Service (SARS) has been granted a wide range of authorities that provide the tax agency with the required legal collection power to request financial data from third parties such as cryptocurrency exchanges, so they have all the information about your investment and trading activities. According to the information on the SARS website, ‘The onus is on taxpayers to declare all crypto assets-related taxable income in the tax year in which it is received or accrued.  Failure to do so could result in interest and penalties.’

How do I calculate the tax I need to pay on crypto in South Africa?

Calculating the amount of tax you need to pay is pretty basic to be honest because in order for you to pay your tax bill, you are required to know the amount of  your cumulative gains or losses. Please note that the amount of tax you will pay on crypto in South Africa depends on the specific transaction, the tax that applies and how much you earn. For crypto subject to Capital Gains Tax, individuals pay a maximum effective 18% tax rate depending on their total taxable income. For crypto subject to Income Tax, individuals pay between 18% to 45% in tax depending on their total taxable income. Up to now, it is not yet clear whether profits from cryptocurrencies should actually be taxed as personal income or as capital gains. 

Capital Gains Tax

The current Capital Gains Tax rate in South Africa for the 2023 tax year is 18%. Each individual is also entitled to an annual exclusion of R40,000 so that you only pay tax if your total capital gains during the tax year exceed this limit. After subtracting the annual exclusion from your total capital gains, 40% of the amount is taxed as ordinary income according to your income tax rate, while the other 60% is taxed as capital gains at a fixed rate of 18%.

Income Tax

Income tax is the normal tax you pay on what is considered taxable income. South Africa has a progressive tax rate system where the rates vary between 18% and 45% depending on your taxable income. Each person is also entitled to a tax threshold and a tax rebate. For people below 65 years of age, the tax threshold and tax rebate are R91,250 and R16,425 respectively for the current tax year. This means that you are only liable for paying income tax if you earn more than R91,250 during the period 1 March 2022 – 28 February 2023.

How to pay taxes on crypto trading and earnings in South Africa?

You are required to be fully tax compliant on your crypto trading activities through on time submission of returns and payments, to avoid penalties and interest being charged. Payments must be made in time, if the submission date falls on a weekend or public holiday, you need to submit the return/declaration together with your payment, if applicable, by the last business day before the weekend or public holiday.  

You will be excited to know that there are a number of payment options available to you when making the payments, these include 




SARS MobiApp

SARS Customs branch

Minimum deposits for all SA crypto exchanges

The South African cryptocurrency industry is on the ascendancy and cryptocurency trading is extremely popular in this southern african country. South Africa is one of the most advanced African country in financial terms, this makes its economic environment favourable for adopting new technologies and that may be the reason why crypto trading has been easily accepted by South Africans. 

According to a report by Chainalysis, between July 2020 and June 2021, the market grew by 1 200%, which translates to a stunning $105.6-billion, on the other hand Daily crypto trading in South Africa was reported as being higher than $145-million in January 2021, this shows an industry that is getting better and better by the day. OVEX, which is Africa’s largest cryptocurrency exchange platform trades in excess of R4-billion/month, which is quite huge.

There are several reasons why cryptocurrency trading has become so popular and one of those reasons is because they have lost faith in the local currency (ZAR), which is not stable. As a result, South Africans are now involved in the buying and selling of digital currencies to earn a fortune using local currency (ZAR). Some of the cryptocurrencies which are popular in South Africa include Bitcoin (BTC), Tether (USDT) and Ethereum (ETH) amongst others. South Africa is host to several crypto exchanges and this article seeks to list all SA crypto exchanges and their minimum deposits and withdrawal options.


Most South Africans are now warming up to the idea of using Cryptocurrencies and that may be the reason why a company like OVEX was formed. OVEX is a South African cryptocurrency exchange which has been up and running since February 2019. The service offered by OVEX is impressive because the company offers trading in over 20 cryptocurrencies and one fiat currency. One of the main reasons why OVEX is popular is because of its low fees, tight spreads, and swift settlements and this then makes it easy to profit from cryptocurrency arbitrage. If you are into cryptocurrencies, you will know that cryptocurrencies are cheaper to buy in certain foreign markets than in South African markets due to local exchange controls, OVEX then takes advantage of that because it allows its customers to purchase cryptocurrencies from exchanges in countries such as the US, and immediately sell them at a higher rand price in South Africa.

Minimum Deposit : R100

2. Luno

Luno is a cryptocurrency exchange and payment service company which was launched in the year 2013 and is now available in several countries across the globe, Cryptocurrencies are still relatively new but the good thing about Luno is that it is one of the pioneers in this industry so they have enough experience and you can certainly trust them given their track record. The reason behind the creation of Luno was to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. At the present moment, Luno is offering cryptocurrencies such as Bitcoin and Ethereum and the good thing about their service is that you can easily access it from wherever you may be. The significance of the aforementioned cryptocurrencies is that these are the two largest coins by market capitalization, across fiat currencies. Luno has made huge strides in the industry and it now operates in over 40 countries including United Kingdom, South Africa, Australia amongst others, and this is huge given the fact that the company has only been operational for a about 8 years.

Minimum Deposit : No minimum deposit

3. Valr

VALR is a crypto exchange company which was launched two years ago in the year 2019, besides being in the crypto exchange industry for such a short time, VALR has made a remarkable rise and is now regarded as one of the largest crypto exchanges in SA in terms of trading volumes. The company’s cumulative trading volume rose rapidly from R10 billion up to R50 billion, and this is very impressive indeed. VALR provide a digital asset platform that allows our customers to buy, sell, store and transfer cryptocurrencies seamlessly and securely, the main idea behind the creation of VALR was to help bridge the gap between our traditional fiat financial system and the new world of cryptocurrencies. VALR offers a variety of features bound to get anyone’s interest, some of these features include exchanging, selling, and buying cryptocurrency, trading crypto without fee, making payments to different VALR accounts.

Minimum Deposit : R100

4. Altcointrader

Altcointrader is an online cryptocurrency exchange from South Africa which supports a number of leading digital coins such as Bitcoin and Ethereum amongst other coins. Altcointrader is popular because it offers a simple way to buy and sell cryptocurrency without any hussles. AltCoin Trader was founded in the year 2015 so they have a proven track record. You will be excited to know that the platform allows you to deposit and withdraw your funds in ZAR, the reason being that this platform has a specific focus on the domestic marketplace, Altcointrader is one of the few platforms that allows you to buy and sell cryptocurrency in ZAR. This is great because it is quite a convenient way of trading which is different from the usual method whereby you need to first exchange your funds from ZAR for USD to start trading, this is made impossible by the fact that Altcointrader does not offer convertibility to euro, US dollars, or any other currency outside of the South African Rand. Supported payment methods on the platform are local bank deposits and Instant EFT (OZOW). 

Minimum Deposit : No minimum deposit

5. Safcoin

Safcoin is a cryptocurrency trading company which is afrocentric, Safcoin’s main objective is to become a form of payment which is accepted across the African continent. The company has been in existence for 3 years now, having been launched in South Africa in July 2018. Safcoin is more than just a cryptocurrency and boasts within it an extensive network of functions united under the Safcoin umbrella. According to the information on the Safcoin website, the company is always looking for ways to positively impact Africa through their services by tapping into the numerous benefits of crypto for Africa. 

Minimum Deposit : R50

6. Coinbase

Coinbase is a cryptocurrency trading and investment company offering a fair, accessible, efficient, and transparent financial system. The company was launched in the year 2012 and at the core of their buisiness is the idea that people should be able to easily and securely send and receive Bitcoin. With Coinbase, users can buy, sell, and exchange cryptocurrencies and you will be excited to know that the company offers over 100 tradable cryptocurrencies like Ethereum, Bitcoin, Dogecoin and several others. The company offers more opportunities to earn cryptocurrencies to its customers as they can either earn interest on eligible balances, or get a small amount of a new currency through Coinbase Earn. Coinbase runs two different platforms and these are Coinbase and Coinbase Pro, the two have their own unique differences but the similarities lie in the fact that each allows you to buy, sell, and trade cryptocurrencies. 

Minimum Deposit : $2

7. Paxful

Paxful is a very popular cryptocurrency which is a Peer to Peer Bitcoin marketplace which connects buyers with sellers. Paxful gives its customers with a simple, fair and secure platform for trading the value of their work. The company was founded 6 years ago in 2015 and now has 4.8 million users around the world, which is a significant number. Paxful is not regulated in any country. This allows the exchange to provide its services worldwide. Customers can buy and sell cryptos using a number of payment methods available in South Africa namely, FNB Ewallet, Bank Transfer, Cash Deposit, PayPal, Perfect Money and Amazon Gift Card. When it comes to the number of cryptocurrencies available on the Paxful platform, the company still lags behind if we compare it to the likes of Coinbase and Binance. There is a total of three cryptocurrencies on the Paxful platform namely Bitcoin (BTC), Tether (USDT) and Ethereum (ETH).

Minimum Deposit : $10

8. Coindirect

Coindirect is a cryptocurrency exchange company which is originally from the Isle of Man and was launched recently in the year 2017. Coindirect allows or helps individuals and businesses to achieve borderless and long-term wealth creation by buying and selling cryptocurrency. The company employs 70 people and has over 321 000 users. There is variety when it comes to Coindirect because there is over 40 different cryptocurrency options to choose from among them are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOD, Lumen, DAI, amongst others. Coindirect enables rapid, secure cross border payments with same day settlement options and fiat currency conversion between a wide range of countries. There are many options for depositing and withdrawing funds.

Minimum Deposit : No minimum deposit

9. EasyCrypto

Easy Crypto is a well-established crypto company which was initially launched in New Zealand but is now available in several countries including South Africa, the company offers its users with an opportunity to buy and sell cryptocurrencies. There are several cryptocurrencies on the Easy Crypto platform, in fact there is over 109 coins including Bitcoin, Ethereum, Litecoin and other alternative coins. One of the good things about Easy Crypto is that it simplifies everything such that both beginners and even seasoned users do not struggle on the platform. Everything on the platform from the sign-up process to the purchasing process is extremely easy and this makes it an ideal platform for new users. New users will also benefit from educational resources which are there to help in educating clients about cryptocurrencies because a lot of people do not understand about crypto.

Minimum Deposit : R100

10. ChainEX

ChainEx is a cryptocurrency exchange which was recently launched in South Africa in the year 2018. The good thing about ChainEx is that the company an extensive range of cryptocurrencies, from the popular ones to the least popular ones, some of the popular coins on this platform are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) using the South African rand as the default fiat-buying currency. There is a Quick Buy and Sell feature on the ChainEx platform which is mostly used for beginners who are inexperienced in crypto trading. This feature allows you to buy or sell digital currencies instantly on ChainEX. ChainEx has dynamic trading fees and this lets you pay less charges while you trade more.

Minimum Deposit : R10

11. Revix

Revix is a an international crypto investment company which is available in several countries around the world including South Africa, the company is very popular as it is a platform which makes investing in crypto safer, faster and easier. Revix i backed by Sabvest, a company which is listed on the JSE. The company tries to accomodate everyone as the minimum investment on the platform is only R500, the other good thing is that there are no monthly fees and you will only be charged a 1% transaction fee for both your buys and sells. You can sell your crypto investment at any time and withdraw your funds. And there are no lock-up periods like there are with other investment funds. When it comes to the issue of investment products in the form of cryptocurrencies, Revix is one of the best in that regard because it gives you an opportunity to invest in top cryptocurrencies such as Bitcoin, Ethereum, Gold, Cardano, Uniswap amongst other cryptocurrencies. 

Minimum Deposit : R50

What are Revix crypto bundles and why are they worth buying

At the present moment, there is still a number of people who are still a bit skeptical about investing in crypto because it has not yet passed the test of time and it is nearly impossible to pick the long-term winner when you are so early in crypto’s existence. When investing in crypto, a crypto trader needs to be very wise and employ working strategies that will ensure that he or she always own the long term winners, and one such strategy is diversified crypto Bundles.

What are crypto Bundles?

Cryptocurrency bundles enable you to minimise the risk of losing by just investing in one coin because if that coin loses value, you will lose it all, but if you have several investments in a number of cryptocurrencies, you will still recover on your loses because practically, they all cannot lose value. By making multiple smaller investments on a number of cryptocurrencies as opposed to one bigger concentrated investment in one cryptocurrency, you are much more likely to win. 

A Crypto bundle is essentially a basket of the top cryptocurrencies by market capitalisation with an equal amount invested into each of them. At the present moment, the top 10 cryptocurrencies currently account for over 72% of the total cryptocurrency market value. If you invest in all of the top 10 cryptocurrencies, you will automatically track the broader cryptocurrency market and the growth that comes with it. There is no need to risk it all on one cryptocurrency or be dragged down by its individual cryptocurrencies. The top 10 cryptocurrencies at the moment are:

Bitcoin (BTC)

Ethereum (ETH)

Binance Coin (BNB)


Cardano (ADA)

Solana (SOL)

Polkadot (DOT)



Avalanche (AVAX)

According to the Revix CEO, Sean Sanders, “Diversification works in every investment class in the world. It should come as no surprise that it works in crypto as well.” The good thing about diversification when it comes to cryptocurrency investment is that it is highly profitable and also less risky. When you invest in a crypto bundle, it is quite easy for you to hold onto your investment because those cryptocurrencies are less volatile than single cryptocurrencies.

Revix crypto bundles are definitely worth it because they have outperformed Bitcoin over the last year in terms of price performance and investment returns. The fact that crypto bundles outperfomed Bitcoin over the last few years given how profitable Bitcoin is, you will certainly know that crypto bundles are definitely worth it.

Revix offers ready-made diversified crypto Bundles which look similar to ETFs. these crypto bundles enable you to effortlessly own an equally-weighted basket of the world’s largest and, by default, most successful cryptocurrencies without having to build and manage a crypto portfolio yourself. 

Revix currently offers a total of 5 crypto bundles namely;

Top 10 Bundle

The Top 10 Bundle is like investing in the top companies in the stock market but for crypto and provides equally weighted exposure to the top 10 cryptocurrencies making up more than 75% of the crypto market.

Smart Contract Bundle

The Smart Contract Bundle provides equally weighted exposure to the top 5 smart contract-focused cryptocurrencies like Ethereum, Solana and Polkadot that enable developers to build applications on top of their blockchains, similar to how Apple builds apps on top of its OS operating system.

Payment Bundle

The Payment Bundle provides equally weighted exposure to the top 5 payment focused cryptocurrencies looking to make payments cheaper, faster and more global.

Inflation Shield Bundle

With this Bundle, you don’t have to choose between the two, as you’ll own both gold and Bitcoin in an algorithmically determined ratio aimed to optimise your return while minimising your downside risk.

DeFi Bundle

This theme-based Bundle enables you to passively invest in a market-weighted Bundle of the top 10 DeFi cryptocurrencies. By investing in this Bundle, you can own a stake in the future of finance. DeFi democratises finance by replacing legacy, analogue, centralised institutions with blockchain-based, digital, peer-to-peer relationships, providing a full spectrum of financial services. 

Buying Crypto using debit and credit cards on Valr

VALR is a South African crypto exchange which was launched in the year 2019 – this company has made a remarkable rise and is now regarded as one of the largest crypto exchanges in SA in terms of trading volumes. VALR provide a digital asset platform that allows our customers to buy, sell, store and transfer cryptocurrencies seamlessly and securely, the main idea behind the creation of VALR was to help bridge the gap between our traditional fiat financial system and the new world of cryptocurrencies. The company offers a number of cryptocurrencies on its platform namely Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and several other cryptocurrencies are for trading. When it comes to the issue of fiat funds, the currency represented on this platform is the South African rand. The company is very popular because it tries to cater for everyone including the poor and that is the reason why its customers can buy Bitcoins for as little as 10 ZAR.

You will be excited to know that you are now able to buy crypto with VALR using either your credit or debit card, this is a welcome development because it makes the whole process of buying crypto convenient since these are some of the most popular payment methods in South Africa. Below are the instructions on how you can buy your crypto using either a credit or debit card. In order for you to make a deposit, you must;

Log into your VALR account either on the website or App

Navigate to your Rand wallet and click “Deposit.” 

Proceed by clicking on the deposit ‘via Card’ option. (VALR supports South African issued VISA and MasterCards, 3D Secure enabled cards and a daily deposit limit via credit or debit card, which is visible on the deposit screen)

Enter the amount you wish to deposit. 

You then need to confirm the amount you wish to send

You will be directed to PayGate to fill in your information and complete your deposit. 

Complete the 3D Secure process to authenticate your ZAR deposit and thereafter your funds will reflect in your VALR account. Deposited rands will now be available for you to trade crypto.

It is very important for you to make sure that you make a deposit from a bank account in your name. Once your deposit is complete, your credit or debit card will be saved to your profile for future use. There is an admin fee of 3.9 % for each credit card deposit. 

After your deposit has successfully been processed, it can take up to 0-1 business day to reflect in your VALR Wallet. This can take longer over weekends, Public Holidays, and when you deposit outside regular banking hours. 

Binance adds SA Rand

Binance South Africa is an extremely popular crypto exchange company which offers a trading platform which gives people the freedom to earn, hold, spend, share and give their money. Binance was launched about 5 years ago in July 2017 by Changpeng Zhao and within a year Binance grew to become the largest cryptocurrency exchange in the world. Binance offers several cryptocurrencies on its platform including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dogecoin and several others, in fact there is more than 200 cryptocurrencies available on the platform. What also makes Binance popular with crypto traders is the fact that it has low trading fees and therefore customers can realise huge profits as compared to other crypto exchanges. Binance can be accessed through its website or mobile App. The exchange offers users ways to purchase crypto assets directly using credit cards or Fiat currencies and they have recently added a Fiat currency which South Africans will be excited about. Be sure to also take a look at the Binance South Africa Referral Code.

Binance adds SA Rand

The Crypto exchange now offers deposits and withdrawals in South African Rand (ZAR). This move by Binance is actually great for South African users users will now be able to deposit and withdraw ZAR to and from their Binance wallets via Instant EFT. Please note that in order for you to be able to make ZAR deposits and withdrawals on Binance, you must have completed KYC.

According to Binance, the addition of the South African Rand (ZAR) is meant to increase the adoption and mainstream accessibility of crypto in the region. According to Binance, the service supports South Africa’s top 5 banks Absa, Capitec, FNB, Nedbank and Standard Bank.

This service will be rolled out in two phases:

Phase 1: Deposits and Trade – With immediate effect, Binance users are now able to deposit ZAR into their Binance wallets, and purchase BTC, BUSD, ETH, USDT and BNB with their ZAR balance.

Phase 2: Withdrawals – From 2022-08-25 08:00 (UTC) onward, ZAR fiat withdrawals will be enabled for all Binance users.

How to Deposit ZAR with Binance via Stitch?

Making a deposit into your Binance account is quite simple, in order for you to make a ZAR deposit into your account, you must;

Log in to your Binance account and go to [Wallet] – [Fiat and Spot] – [Deposit].

Select [ZAR] under [Currency] and choose to pay with [Online Banking]. Click [Continue].

If you haven’t completed Identity Verification for your Binance account, you will be prompted to do so at this step.

You will then be directed to Stitch’s website. Select your bank and login.

Select the bank account to link and click [Confirm].

Please note that the account holder’s name must match the one on your Binance account.

After your bank account is verified, click [Deposit Now].

Enter the amount you want to deposit and you will see the transaction fee (if any). Click [Continue].

In some cases, you may need to approve the payment via MFA (Multi-Factor Authentication), depending on your bank account’s settings.

Your deposit order is submitted. Please wait patiently for your bank to process your order. 

How to Withdraw ZAR from Binance?

Making a withdrawal into your Binance account is quite simple, in order for you to make a ZAR withdrawal into your account, you must;

Log in to your Binance account and click [Wallet] 

Click [Withdraw].

Select [Fiat], then choose [ZAR] from the drop-down menu and click [Online Banking].

If you haven’t connected your Binance account to your Stitich account before, please refer to How to Deposit ZAR via Stitch to set it up.

Enter the amount you want to withdraw and click [Continue].

Carefully review the withdrawal confirmation and click [Confirm].

Click [View History] to confirm the withdrawal is successful.

Revix App

Revix is an international crypto investment company which operates in South Africa and is available in several countries around the world – the company is very popular as it is a platform which makes investing in crypto safer, faster and easier. Revix is backed by Sabvest, a company which is listed on the JSE. With Revix, you can sell your crypto investment at any time and withdraw your funds. And there are no lock-up periods like there are with other investment funds. Revix offers top cryptocurrencies such as Bitcoin, Ethereum, Gold, Cardano, Uniswap amongst other cryptocurrencies. To be honest, Revix is the best place to crypto, invest and earn crypto, what was missing all along was an App because Apps make our lives easy, well that has changed because Revix recently launched its very own App. Please note that this App is still in the BETA testing phase.

Which platforms is the Revix App on?

The Revix App is available on either Android or iOS so now you are able to trade easily using either your Android device or an iOS device as well. Android users can download the Revix App from the Google Play Store, whilst  iOS users can download the Revix App from the Apple App Store. Below are some of the reasons you should get the new Revix App;

It offers effortless Withdrawal and Deposits

It offers easy convenient way of trading anytime, anywhere

It is designed to be quick, meaning a fast loading time

It is compatible with Android and iPhone

It is slick and clean designed for the best mobile experience

It has a simple intuitive design which allows you to navigate and easily trade

How to install the Revix App on Android?

In order for you to install the Revix App on your Android device, you must;

Open the Google Play App on your Android mobile device.

Search for the Revix App using the search feature.

Tap Install to start the installion process.

Once you have installed the App, you need to login and start trading.

How to install the Revix App on iOS?

In order for you to install the Revix App on your iOS device, you must:

Open the App Store app on your iOS device.

At the bottom right, tap Search.

Search for the ‘Revix’ App

Tap Install to start the installion process.

Once you have installed the App, you need to login and start trading.

Why must i schedule my Luno cryptocurrency

The cryptocurrency industry is such a great industry but that does not mean that it is risk free and mostly the risks of trading cryptocurrencies are mainly related to its volatility. As a cryptocurrency trader, you must come up with ways to minimize the risks that are associated with trading. One of the most useful ways of minimizing trade related risks is scheduling your cryptocurrency purchases.

Scheduling your cryptocurrency is a long-term strategy, where an investor regularly buys smaller amounts of an asset over a period of time, no matter the price. Scheduling can be an effective way to own crypto without the notoriously difficult work of timing the market or the risk of unwittingly using all of your funds to invest “a lump sum” at a peak. 

The key is choosing an amount that’s affordable and investing regularly, no matter the price of an asset. This has the potential to “average” out the cost of purchases over time and reduce the overall impact of a sudden drop in prices on any given purchase. And if prices do fall, investors can continue to buy, as scheduled, with the potential to earn returns as prices recover.

It is important for you to schedule your cryptocurrency purchases at regular intervals because by doing this, you mitigate risk and earn profits over time, eliminating the stress of trying to buy crypto at its highest or lowest price. This is an investment strategy more commonly known as ‘dollar-cost averaging’. Dollar-cost averaging has gained popularity in recent years, as more and more people make use of its simplicity and relative security.

Trading crypto

The cryptocurrency market sees significant price movements remain consistently. There are people who are not affected by the price changes that much because they will be holding crypto because of a belief that cryptocurrencies will one day be the world’s main medium of exchange. Other traders can actually make cryptocurrency a very attractive asset to trade for profit.

Trading crypto is by no means a perfect science. You can invest huge amounts of time and research trying to predict the best time to buy and sell to make a profit and still get it wrong. It can be extremely stressful too. If you’re not willing to spend the time to develop a strategy that works for you and research market movements, or you just generally have a low tolerance for risk, then there are easier ways to make a living.

To hold and to hodl

Hodling is when you buy a lump sum of cryptocurrency and store it securely for potential long-term growth. Hodling was a name coined by the misspelling of “hold”, made by a member on the Bitcoin Talks online forum in 2013, and has been commonly used since. Hodling is based on the principle that the best time to HODL is now, always, and forever. A true believer would always hold on to their tokens, even if markets crash or become extremely volatile. Hodling becomes an ideological belief about the long-term prospects of blockchain technology, cryptocurrencies, and the communities that have formed around them.

The hodling strategy requires less of your time than trading strategies which take a more short-term approach. It’s also proven effective for many when you consider Bitcoin’s meteoric rise in value since its inception.

Scheduling investments with dollar-cost averaging

While hodling doesn’t require any technical finesse, you can still get savvy with the way you do it. By scheduling routine purchases of cryptocurrency regardless of price, you reduce the impact of price movements, remove the stress of watching and waiting, and eliminate the emotional element from your decision making. This is also known as dollar-cost averaging.

The word ‘dollar’ in dollar-cost averaging is purely semantic, and can be replaced by any currency around the world. The thinking is that by investing small amounts in regular instalments over a long period of time, you hedge against major price movements and more easily avoid mistiming the market and buying at the highest price. Timing the market with 100% accuracy all the time is impossible. Dollar-cost averaging therefore reduces your losses when the market drops to help maximise your returns, and it has the added advantage of removing some of the biases from your decision-making. Once you set up dollar-cost averaging, the strategy will make the decisions for you.

To get an idea of dollar-cost averaging, you can use a nifty tool provided by dcaBTC, which helps you calculate how much you would have earned over a given period of time. For example, if you put away $10 every month for three years between 22 September 2019 to 22 September 2021, you’d have appreciated a $360 investment into $2026. That’s a 462% growth rate.

Sounds perfect, right? Not quite. There are those that believe dollar-cost averaging doesn’t give you the profits that can be gained from day trading or hodling. When the price is going up, those who invest earlier will get better results. This means dollar-cost averaging would have a dampening effect on gains in an uptrend. In this case, lump-sum investing may outperform dollar-cost averaging. Dollar-cost averaging also doesn’t entirely mitigate against all the risks and absolutely won’t guarantee a successful investment – other factors must be taken into account too. Rather, it’s simply the safest option. If you’ve got aspirations to be the next great trader, it’s probably not for you. If you’re after a more level-headed, measured approach to cryptocurrency investing, scheduling your cryptocurrency purchases is a great place to start.

AltCoinTrader Easy Save

A lot of Crypto exchanges have introduced savings plans for its customers which allows its customers to earn passive income on their cryptocurrencies, but to be honest the AltCoinTrader Easy Save product is one of the best in the cryptocurrency industry because it gives traders freedom and control of their cryptocurrency. It is very important to have an appreciation of what a crypto savings account is and how it works, a crypto savings account work just like a savings account with a conventional bank, what happens is that the company behind a crypto savings account will lend, invest or stake your crypto on your behalf, then pay you a cut of the proceeds as regular interest payments.

AltCoinTrader recently launched a great product called Easy Save which offers you an opportunity to earn passive income by simply holding your cryptocurrency on AltCoinTrader and earn interest on your cryptocurrency. One of the greatest thing about this Easy Save is that there is no lock in period or fees, so you have instant access to your funds at any moment, and this is different from what other crypto exchanges are doing because they force you to lock your funds for a particular period or charge you fees to enter or exit the savings pool, this makes the Easy Save product from AltCoinTrader quite convenient.
It is important to note that all rewards rates are an Annual Percentage Rate (APR) and these rewards are paid in the coin you deposited into Easy Save. It is important to note that your ZAR estimated earnings may fluctuate because the coin value is not static but it may change, this however does not affect your coin rewards. One of the most exciting things about Easy Save is that you should be able to see rewards earned within just a few minutes.
Easy Save is not a risk-free product as there are risks involved as well, what happens is that the AltCoinTrader investment team takes your funds and invest them with trusted and well researched third parties, so in the unlikely event that one of these third parties had to go bankrupt or dissappear, there is that possibility that your funds could be lost, but of course that is highly unlikely.
How to use the Easy Save feature?
In order for you to use the Easy Save feature, you must;
Log onto your AltCoinTrader account with your email address and your password.
Select the Easy Save option in the top menu.
Select the token you would like to put into Easy Save from our list of supported tokens.
Select the start saving button.
A pop up will appear where you will be able to input the amount you would like to save. You will the accept the Terms & Conditions and click the add funds button.
You will then confirm and the funds will be transferred into easy save. You will be able to view your interest at any time by selecting easy save and clicking on the token or buy viewing your wallet.