Who is the Best Broker for Cryptocurrency in South Africa?

who-is-the-best-broker-for-cryptocurrency-in-south-africa

When you are in South Africa, there are two ways in which you can trade in cryptocurrency. The first way is to buy the currency from an exchange then wait for its price to rise before selling it. 

The second way is to choose one of the best brokers for cryptocurrency in South Africa or CFD brokers through which you can trade without actually buying the currency and keeping it in a wallet.

The best broker for crypto trading without buying the coin in South Africa in my opinion is Plus500. But why?

Plus500 features 13 crypto pairs and has a unique trading platform designed to make trading easy even for novel investors.

Plus500 is a highly regulated forex broker and CFD provider. Its regulators include ASIC, FCA, and CySec in the UK. Many traders prefer Plus500 because of its low trading fees, and the fact that there’s no charge for withdrawals and deposits. They will only charge you if you leave your account inactive for 30 days.

Best Broker for Cryptocurrency in South Africa

Plus500 has two types of accounts: a live account and a demo account. In fact, Plus500 has the best forex trading app demo account, quite suitable for beginners because they can use it for an unlimited duration. Once they’ve mastered the trading tactics, they can move to the live account and start real trading.

For the live account, you’ll only need to deposit at least $100, and you’ll be good to go.

If you are a trader in South Africa, you’ll receive a deposit bonus, the amount of which depends on your initial deposit. 

For example, if your initial deposit is R3,000, you’ll receive a bonus of R850. Use the bonus code provided to enjoy this bonus. You’ll also be able to trade with a leverage of up to 1:30.

Plus500 is also among the best broker for cryptocurrency in South Africa because of its excellent customer service. They respond to questions quickly. The platform has a live chat, and they also offer support through email, contact form, and email.