Find where to buy & sell Cryptocurrencies in SA
ECommerce and online casinos in South Africa that accept cryptocurrency are rising as more Bitcoin and cryptocurrency are widely accepted and used. South African punters want to know more about this digital currency and have many questions about buying and selling Bitcoins.
While South Africa does not regulate cryptocurrencies, the Reserve Bank’s position on virtual currencies is set out in the 2014 position paper on Virtual Currencies.
As part of its first steps to regulate crypto assets such as Bitcoin and Ethereum, the SA Reserve Bank released a consultation paper on crypto assets for public comment in January 2019 (see a PDF copy here).
You must first buy BTC, LTC, ETH, BTCH, and other currencies from cryptocurrency exchanges to play slots and casino games at Bitcoin casinos.
If you want to control your Bitcoin once you have used an exchange fully, you can withdraw your Bitcoin from the exchange and send it to your wallet.
Cryptocurrency exchanges in South Africa
Top 5 Platforms Authorized to sell and buy Bitcoin
1. Luno
It allows users to buy and sell digital currencies such as Bitcoin. The platform has also announced its expansion into 35 new European markets.
- Luno is a Bitcoin exchange in South Africa, Singapore, Nigeria, Malaysia, and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order and then wait for a seller to take it.
- Luno also offers an Instant Buy feature and is one of Asia’s most trusted Bitcoin exchanges. However, you cannot store BTC here.
- Luno also has an app for mobile trading, which you can find in Android and iOS app stores.
2. iceCUBED
iceCubed offers Bitcoin and Litecoin trading to South Africans, Nigerians, and more.
- The platform is perhaps one of the few local exchanges trading the Ethereum currency.
- It also allows its users to buy and trade Bitcoin and various other cryptocurrencies, including altcoins such as Ethereum, Litecoin, Dogecoin, Zcash, Bitcoin Cash, Neo, Monero, Ada, and Dash.
- IceCubed also has an Android app that you can download from Google Play.
3. LocalBitcoins.com
It is a website where you can find people near you looking for Bitcoin buyers and sellers.
- You can advertise that you would like to buy or sell Bitcoin and trade with other users of the local Bitcoin website.
- Trades can happen on the website using escrow and bank transfers, or you can meet the buyers in person and trade cash.
4. DoshEx
It launched a cryptocurrency exchange platform in August 2018 to help its clients develop cryptocurrency and blockchain solutions for buying and selling digital tokens. The company claims to have already worked for Virgin Money SA.
5. Ovex
It is yet another Cape Town-based cryptocurrency exchange.
Other cryptocurrency exchanges you can use to buy Bitcoins are Coin Mama, Coin Corner, Bitit, Mycelium Local Trader, Changelly, and others.
There are several cryptocurrency price indices.
Two of the more well-known ones are The World Coin Index and Brave New Coin—the World Coin Index sources price information and news on over 400 cryptocurrencies.
The platform connects with more than 35 cryptocurrency exchanges.
Brave New Coin is a blockchain and digital currency market data company that publishes technical analysis and research.
The platform tracks over 300 tokens in real time to produce APIs and blockchain data tools for developers, traders, and enterprises.
- To learn the price and the latest news on cryptocurrencies in South Africa, you can connect to Bitcoin Hub, a South African news site, while Bitcoin Africa covers the whole of Africa.
- For international news and views, check out New York-based Coindesk, which claims to reach over 5 million unique visitors, and Cointelegraph. This US online news site has been covering cryptocurrency since 2013.
South African online casinos accepting Bitcoin
Many South African-friendly online casinos and betting websites now accept Bitcoins as a payment mode for real money slots and sports betting.
1. Springbok Casino
Bitcoin Bonus
No Specific Bitcoin Bonus. Get a Welcome Bonus and claim an exclusive R300 Free Bonus + R11,500 Welcome bonus.
Games
- More than 200 games to play powered by Real Time Gaming.
- You can play instantly on a web browser or cell phone.
- Slots, classic games, progressive jackpots, and speciality games are popular.
Payments
You can deposit and withdraw funds at Springbok Casino using Bitcoin, Easy EFT, VISA and Master, Wire transfer, Ecopayz, and Instant Bank Deposits.
2. Punt Casino
Bitcoin Bonus
No Specific Bitcoin Bonus. Get an R10,000 Welcome Bonus Package on your first three deposits.
Once you have registered your new real money account, log into the cashier and visit the “coupon” section.
⦁ 1st Deposit – 100% upto R3,500 – Coupon code: WELCOME100
⦁ 2nd Deposit – 75% upto R2,500 – Coupon code: WELCOME75
⦁ 3rd Deposit – 125% upto R4,000 – Coupon code: WELCOME125
Games
- More than 150 games to play powered by Real Time Gaming.
- You can download the casino suite or play instantly on a web browser or mobile.
- Slots, Table games, progressive jackpots, and speciality games are popular.
Payments
Deposit and withdraw funds at Punt Casino using Bitcoin, Easy EFT, Visa and Mastercard, Neteller, Skrill, Entropay, Ecopayz, and Instant Bank Deposits.
3. Yebo Casino
Bitcoin Bonus
No Specific Bitcoin Bonus. Get a 250% Welcome Bonus plus 150 free spins on slot games.
Games
- More than 350 games to play powered by Real Time Gaming.
- You can play instant on a web browser or mobile browser.
- Slots, Table games, progressive jackpots, and speciality games are popular.
Payments
You can deposit and withdraw funds at Yebo Casino using Bitcoin, Better EFT, Visa and Master, EasyWire, and Instant Bank Deposits.
4. Thunderbolt Casino
Bitcoin Bonus
There is no specific Bitcoin Bonus. Get a R10,000 Welcome Bonus on 3 match bonuses; after that, get R2500 free. There are loads of other bonus offers.
Games
- More than 350 games to play powered by Real Time Gaming.
- You can download the casino suite or play instantly on a web browser or mobile.
- Slots, Table games, progressive jackpots, and speciality games are popular.
Payments
Deposit & withdraw funds at Thunderbolt Casino using Bitcoin, Lightning Bitcoin, Instant EFT, VISA and Master, Payz, CashtoCode and Instant Bank Deposits.
5. Omni Casino
Bitcoin Bonus
No Specific Bitcoin Bonus. Get a $2000 Welcome Bonus Package on match bonus and get 100 free spins on the slot game.
The casino bonuses don’t end there. They start with a five-deposit welcome bonus package that offers up to $360 free on the initial deposit. The second bonus, called a “reload bonus,” gives players up to $200 free on their second deposit.
Omni Casino also welcomes High Rollers with a $500 welcome bonus.
Games
- More than 450 games to play powered by Playtech Gaming.
- You can download the casino suite or play instantly on a web browser or mobile.
- Slots, Tabletop games, progressive jackpots, live dealers, and speciality games are popular.
Payments
You can deposit and withdraw funds at Omni Casino using Bitcoin, Neteller, Instant EFT, VISA and Master, Skrill, and Instant Bank Deposits.
6. Silversands Casino
Bitcoin Bonus
Exclusive Bitcoin Bonus of 200% up to R5000. Coupon Code: CRYPTO200. Also, get 100% up to R5000. Coupon Code: BITCOIN100
Deposit using the Bitcoin Method and receive a 50% bonus + 50 Free Spins on Legend of Helios (once a day). Use coupon code: BTCDAILY.
No Deposit Bonus: R400.
Various other bonus offers at the casino. < Latest bonus>
Games
- More than 400 games to play powered by RTG Gaming.
- You can download the casino suite or play instantly on a web browser or mobile.
- Slots, Table games, Progressive Jackpot, and Specialty games are popular.
Payments
You can deposit and withdraw funds at Silversands using Bitcoin, Litecoin, Neteller, Instant EFT, VISA, Master, Skrill, and Instant Bank Deposits.
How to deposit Bitcoins at online casinos?
Conclusion
Bitcoin Casinos allow you to deposit cryptocurrencies of your choice, mainly Bitcoins. These casinos also allow you to deposit your currency, ZAR, Rand, or Naira.
The games work the same way as other reputed online casinos. Remember that not all casinos may offer bitcoin bonuses exclusive to bitcoin deposits.
On the other hand, many other bonus offers are available, including a welcome bonus, reload bonus, cashback bonus, free spins, and others.
Always read the terms and conditions before you redeem any bonus, and play responsibly.
FAQs
Are Bitcoin casinos legal in South Africa?
Yes, Bitcoin casinos are legal in South Africa. Looking for licensed and reputable platforms to ensure a safe and secure gaming environment would be best.
How do I deposit and withdraw with Bitcoin at an online casino in South Africa?
You’ll typically need a Bitcoin wallet to deposit or withdraw with Bitcoin at a South African online casino. You store the Bitcoins in the wallet once you buy them.
After you select Bitcoin as your preferred payment method, the casino will provide you with a unique wallet address for transactions. Follow the prompts, and you are done.
Are Bitcoin transactions in South African Bitcoin casinos secure?
Yes, Bitcoin transactions are generally secure due to blockchain technology. However, the security of your funds also depends on the casino’s security measures.
To protect your account and transactions, choosing Bitcoin casinos with robust encryption, two-factor authentication, and other security features is essential.
What are the minimum deposits with Bitcoins?
The minimum deposits with Bitcoins vary from casino to casino, but generally, it is R100-R200.
What are the popular Bitcoin wallets to use?
BitPay Wallet
Copay Wallet
Mycelium Wallet
Airbitz Wallet
Electrum Wallet
Bitcoin Core Wallet
Bitcoin.com Wallet
BRD Wallet (Bread wallet)
