Coindirect South Africa

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 border less and long-term wealth creation by buying and selling cryptocurrency. The company employs 70 people and has over 321 000 users. The other popular international exchanges operating in SA include Coinbase South Africa and Binance South Africa.
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.
Interestingly enough, this company was launched oversees but their product is somewhat directed towards the South African market because the the South African Rand (ZAR) is the most clearly presented fiat currency to trade with on this platform. Several other fiat currencies are EUR, NGN, GBP and AUD. Coindirect also provides wallet services for all the cryptocurrency it supports. With these wallets, users can easily send, receive, and store different digital currencies on one secured platform.
The good thing about selling cryptocurrencies with Coindirect is that sellers have complete control over their prices, whereas consumers have a wide range of options to choose from different cryptocurrencies.

How to register with Coindirect South Africa

Registration for a Coindirect account is a prerequisite and you cannot buy or sell cryptocurrency on the platform unless you register. Registration is a simple and easy process which can be done in an instant. In order for you to register, you must:
Visit the official Coindirect website at
Click on the red ‘Get Started’ button.
Fill in the provided space with your country of residence and click on the ‘Get Started’ button
Answer the 2 questions below;
How much will you invest over the next 30 days?
How much will you invest over the next 12 months?
Click on the red ‘continue’ button.
Fill in the provided space with your Email and Password to complete the process.
It is important to note that there is need to verify your account and you can do the following to verify your account:
Log into your Coindirect account and go to the ‘Edit Profile’ option, when verifying your account, there is need to upload the following 3 documents:
A clear photograph of yourself (a selfie), holding your ID, Passport or other government-issued document that shows your photo and confirms your full name and date of birth.
A clear scan of the same identity document.
A clear copy of a proof of address, confirming your full name and address, such as a utility bill, bank statement, driver’s license, insurance document, hire purchase statement, mortgage statement, tax bill or similar.

How to make deposits using Coindirect South Africa

Making deposits using Coindirect is very easy and you can do this once you have registered, for you to make a deposit, you must:
Log into your Coindirect account and go to the Wallets section. You will see a ZAR (South African Rand) wallet/ EUR wallet. Follow these steps to make your ZAR/ EUR deposit:
Click the “Deposit” button in your ZAR/ EUR wallet
Choose your bank from the list of banks displayed.
Make a note of the bank details displayed as well as your unique customer reference number (beginning with a “D”/ “E”).
Log into your online banking website and add the details as a beneficiary. You can use the same reference number going forward as this is how we will link the deposit to your account.
Make a bank transfer from your bank account to the Coindirect banking details provided, making sure you use the correct reference number.
How to make a payment to buy Coindirect currencies?
You can easily buy bitcoin on the Coindirect platform, in order for you to buy cryptocurrency, you must select a digital currency offer from the ‘Buy Coins’ page or click the “Buy” button next to the coin you want to buy in your Wallets section.
If you are based in South Africa, you can make your purchase directly from your ZAR wallet if sufficient funds are available (make sure to check the Bitcoin/ZAR price). Alternatively, make a local currency payment directly to the seller using the given reference and banking details and within the required payment timeframe.
Upload your proof of payment if required OR click the “I’ve paid the seller” button to notify the seller that you’ve made the payment.
Once the seller approves the payment, they will release your digital currency coins from Escrow to your Coindirect wallet. When purchasing with your pre-funded ZAR wallet, your coins will automatically be released.
Which cryptocurrencies does Coindirect offer?
Coindirect offers a wide variety of cryptocurrencies (Over 40 cryptocurrencies) including some of the most popular ones namely:
Bitcoin (BTC)
Ethereum Ether (ETH)
Ripple (XRP)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Stellar Lumen (XLM)
Coindirect Mobile App
Coindirect has a mobile application that is available on both iOS and Android phones and this makes the trading experience great for its customers. Coindirect users are able to trade on the go and this makes it convenient.
Coindirect Customer Support
At the present moment, Coindirect does not have live chat, which is unfortunate because a live chat is a fast way for customers to get help. However, you can still reach them via email, Facebook and Twitter