How to Buy Cryptocurrency South Africa 2022

by Analytics Insight

January 17, 2022


This beginner’s guide will point you in the right direction by showing you how to buy cryptocurrency in South Africa with low fees.

If you’re based in South Africa and want to buy digital currencies like Bitcoin, Shiba Inu, or Uniswap – you will need to open an account with a suitable broker. 

This beginner’s guide will point you in the right direction by showing you how to buy cryptocurrency in South Africa with low fees.   


How to Buy Cryptocurrency South Africa – Quick Steps

When figuring out how to buy cryptocurrency in South Africa – it makes sense for us to explain the process with an example. 

As such, in this example, we will explain how to buy one of the most undervalued digital currencies of 2022 – Lucky Block.      

  • Step 1: Visit Lucky Block – Lucky Block hasn’t been listed on a centralized exchange yet. Instead, it’s still in its pre-sale launch phase – so you can buy Lucky Block tokens directly from the project’s website.    
  • Step 2: Unlock Wallet – In order to buy Lucky Block via the pre-sale phase, you need to have BNB in your cryptocurrency wallet. You can choose your preferred wallet by clicking on the ‘Unlock Wallet’ button.          
  • Step 3: Enter Number of Tokens – Now that your wallet is securely connected to Lucky Block, you can enter the number of BNB tokens that you wish to swap for LBlock.        
  • Step 4: Buy Lucky Block – Before your Lucky Block tokens are sent to your wallet – you need to confirm the purchase.     

The above example highlights how to buy cryptocurrency in South Africa in a simple and burden-free manner. 

If, however, you require a more comprehensive walkthrough, you will find this by scrolling down.      

Buy Cryptocurrency in South Africa Now<<<

Invest responsibly.


Step 1: Select a Cryptocurrency 

If you’re completely new to the world of cryptocurrency trading – you might be surprised to learn that there are now thousands of digital tokens that you can buy and sell online. 

As a beginner, this means that it can be challenging to pick the best crypto to buy for your investment portfolio.

If you need some inspiration – the five cryptocurrencies analyzed below are considered top-rated digital assets moving into 2022.   


1. Lucky Block

Lucky Block is a brand new blockchain project that is launching a decentralized lottery game that can be accessed on a global scale. The underlying technology is based on immutable smart contracts – which ensure that each and every lottery game is 100% random. 

In other words, no single person has the capacity to manipulate the outcome of Lucky Block games – and subsequently, players from all over the world can be certain that outcomes are transparent, fair, and free from manipulation. 

Another interesting aspect of Lucky Block is that its lotteries are not run by national bodies – like you find in the traditional version of this game. As such, jackpot prizes are expected to be of significant size. Lucky Block is still offering a discounted purchase price via its pre-sale launch.

As such, Lucky Block could be a great option when thinking about what cryptocurrency to buy now.

Buy Lucky Block<<


2. Bitcoin

If you’re just learning the ins and outs of how to buy cryptocurrency in South Africa – you’ve likely come across Bitcoin. After all, Bitcoin is the largest cryptocurrency in terms of pricing and market capitalization – as well as the most recognized. 

Bitcoin was first launched in 2009 – which also makes it the most established cryptocurrency in this market. In terms of gains, Bitcoin hasn’t grown by as much as other cryptocurrencies in this arena over the past 12 months – with a price increase of just 25%.  

Buy Bitcoin now<<<

Your capital is at risk.


3. Ripple

Ripple is a multi-billion dollar crypto asset that was first launched in 2012. The main concept with Ripple is that it allows large financial institutions to perform cross-border transactions in a low-cost and super-fast manner. 

In fact, Ripple transactions cost just a tiny fraction of a cent and take less than five seconds to process. The underlying cryptocurrency token supporting the Ripple framework is XRP. Over the prior 12 months, XRP has increased in value by over 160%. 

Buy Ripple Now<<<

Your capital is at risk.


4. Cosmos

Another cryptocurrency to consider adding to your portfolio in 2022 is Cosmos. This digital asset allows competing blockchains to communicate with one another – which is something that has never previously been possible. 

This process is known as interoperability and many expect this to play a major role in the future of blockchain technology. 

Cosmos is backed by its native token ATOM – which has performed very well in recent years. In fact, had you invested in Cosmos back in mid-2020 when the token was first launched on public exchanges – your money would now be worth 430% more. 

Buy Cosmos Now<<<

Your capital is at risk.


5. Dogecoin

Dogecoin is an established cryptocurrency that was first launched in 2013. This digital currency became mainstream in early 2021 when Elon Musk was quoted as saying that in addition to Bitcoin and Ethereum – he also owns Dogecoin. 

This was followed by a number of Tweets and interviews whereby Musk continued to make his bullish sentiment on Dogecoin known. In turn, this saw the value of Dogecoin increase by over 14,000% in the first few months of 2021 alone.

Buy Dogecoin Now<<<

Your capital is at risk.


Step 2: Buy Cryptocurrency 

The specific process involved when learning how to buy cryptocurrencies can be daunting if you are completely new to this industry. 

The good news is that you can simplify the investment process by following the step-by-step walkthroughs outlined below.     


Buy Lucky Block 

In this mini-walkthrough, we will explain how to buy Lucky Block.   


1. Visit Lucky Block Pre-Sale Website

Lucky Block is yet to launch on a public exchange and as such – the project is offering its token on a pre-sale basis via its website. Therefore, head over to the Lucky Block pre-sale website to get the investment process started. 


2. Connect Wallet

You will need to connect your wallet to the Lucky Block portal so that you can access the project’s pre-sale launch.     

After clicking on the ‘Unlock Wallet’ button, you can choose the wallet that you wish to use.  



3. Enter Stake 

You will now see a box that requires you to enter your desired investment amount in BNB. If you want to keep your stakes modest, the minimum investment amounts to just 0.16 BNB.   


4. Buy Lucky Block

The final step is to confirm your stated investment amount.   


In doing so, the Lucky Block tokens that you have just purchased should appear in your wallet in less than five minutes.   


Capital.com Walkthrough

The next mini-walkthrough will show you how to trade cryptocurrency at Capital.com


1. Open Capital.com Account

Capital.com is a heavily regulated CFD broker – so the first step is to open an account by providing some personal information and contact details.  


For KYC purposes, upload a copy of your government-issued ID. This should be verified automatically by Capital.com – so you’ll be ready to go in less than two minutes.    


2. Deposit Funds

You can use a debit/credit card or e-wallet to deposit funds into your newly created Capital.com at a minimum of just $20. 

Or, if you wish to transfer funds via a bank wire, the minimum is much higher at $250. Either way, Capital.com does not charge any deposit fees. 


3. Search for Crypto Market

You can now search for the crypto market that interests you.


In our example above, we are looking to trade Ethereum against the South African rand – so we search for ‘ETHZAR’.     


4. Trade Crypto 

You will now need to set up your crypto trade. If you think that your chosen crypto will increase in value, click on the ‘buy’ button.  


After entering…

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