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10 Places Where You Can Spend Your Bitcoins in South Africa



spend your bitcoins in south africa

Bitcoin adoption in Africa continues to build momentum, with South Africa leading the race. Since 2013, when local cryptocurrency exchanges became operational, there has been growing enthusiasm for bitcoin spurred by the belief that cryptocurrency is an excellent way of safeguarding value. Recognizing its ease of use, fintech startups and SME’s are beginning to accept bitcoin transactions, further driving demand for the cryptocurrency. If you are looking to spend your bitcoin in South Africa, here is a list of online and offline merchants that allow you to pay using the digital currency.


Checkout is a leading retailer of food and household appliances in South Africa. The independent retail chain established in 1976, now allows shoppers to pay for purchases using bitcoin across its network of 45 corporate stores. The company aims to offer customers affordable prices across its product range and was the 2nd place recipient of the “Good Practice Award 2015/2016.” is an online retailer that deals in phone accessories, mobile phone devices, clothing accessories, electronic gadgets and other imported products. Customers can pay for their purchases via PayFast using bitcoins and have the products delivered to their homes. Deliveries are free and usually sent immediately once the payment has been processed.

The Sun Exchange

The Sun Exchange allows you to purchase solar energy cells and lease them to schools and enterprises as a means of generating income. The company enables you to receive rental income through a blockchain-based payment system, regardless of your location. They accept fiat currency, as well as bitcoin and all of its solar projects, are insured against theft, damage, and theft. is the largest online retailer in South Africa. It offers amazing deals and is renowned for its customer-oriented shopping experience. You can pay for any product on their platform, through the Payfast option, by selecting Payfast Instant EFT when checking out. When it comes to making the payment select bitcoin.

Silver Ribbon Gifts

Silver Ribbon Gifts specializes in the delivery of high quality personalized and corporate gifts to anywhere within South Africa. You can pay using bitcoin by choosing the Payfast debit/credit card option on the billing page and the gifts will be delivered to you at no delivery charge.


If you are looking for a place to stay anywhere in South Africa then AccomoDirect is the right place for you. With over 20,000 listings, thousands of reviews and access to 2,000 locations, you can make a booking for any location listed on the platform using bitcoin. All listings are pre-verified and guest transactions scrutinized and confirmed.

Action Gear

Action Gear is South Africa’s leading online store for outdoor gear. You can use your bitcoins to purchase outdoor electronics like any type of drone, GPS cameras, activity trackers, and so much more. In addition, for orders above R 1,000, shipping is free.

Alexander Bar, Cafe & Theatre

Located on 76 Strand Street, Cape Town, Alexander Bar, Cafe & Theatre has a unique bar and theatre. Intimate live performances are held upstairs and it is essential you book early. You can also buy drinks and snacks at the cozy bar using bitcoins while listening to a soothing jazz soundtrack.


Applebee is a Johannesburg-based online retail store that deals in stationery. Customers can compare and products and brands that are designed to cater for personal and corporate tastes. Payment can be made in bitcoin though you have to create a user account before you can purchase any item.

Baseline Studio

Baseline is an independent skateboard shop that aims to service the needs of Cape Town skaters. You can browse their online store and purchase any of the premium skateboards and streetwear using bitcoins. You can also order any of their premium products through the mail and it will be delivered to you, locally or internationally.


Bitcoin Wallet Luno Adds SegWit Support to Lower Transaction Fees



Luno Adds SegWit Support

Luno, one of the most popular bitcoin wallets in Africa, has announced full SegWit integration for bitcoin send and receive transactions. Previously, Luno customers could only receive BTC through a legacy wallet address, which was not integrated with the recent Bitcoin blockchain upgrade SegWit. Only send transactions were SegWit compatible.

With the full integration of SegWit, Luno users can now enjoy cheaper and faster bitcoin transactions.

“By implementing SegWit internally, Luno has managed to reduce the send fees paid by customers by over 25% already. As customers start switching over to new SegWit addresses, this will translate into a further reduction in sending fees in the coming weeks and months,” Werner van Rooyen, head of marketing and communications at Luno stated.

Luno currently operates in South Africa, Nigeria, Malaysia, UK, and in 35 other European countries.

What is SegWit?

Segregated Witness (SegWit) was an upgrade to the Bitcoin blockchain that is intended to address Bitcoin’s scalability challenges as well as fix the issue of transaction malleability. With SegWit, signature data is separated from transaction data in order to enable more transactions to fit into each block. The signature data is kept in an extended block called the witness. As a result, bitcoin transactions become faster and transaction fees become lower.

In theory, the Bitcoin network can handle seven transactions per second. However, in reality, it is around four transactions per second. With the number of bitcoin transactions increasing as bitcoin’s popularity grows, transactions take longer as the unconfirmed transactions pool increases. Therefore, bitcoin users who can afford it have been paying higher transaction fees to incentivise miners to prioritise their transactions and, thereby, increase the speed of their transactions. At the end of 2017, this has led to the average bitcoin transaction fee spiking to over 35 dollars.

However, when SegWit addresses are used, bitcoin transactions become faster and the required resources decrease as well. Consequently, the transaction fees reduce.

How Can You Add a SegWit Wallet Address on Luno?

To add a SegWit address on the Luno wallet you have to follow these steps:

  • Open your Luno account either on the mobile app or the web app
  • Choose “wallets” from the menu
  • Click on your “BTC wallet”
  • Choose “receive bitcoin”
  • Click “add address” and follow the prompt

To receive bitcoin, use your SegWit bitcoin receive address. Legacy bitcoin addresses begin with 1 while SegWit bitcoin addresses begin with 3. Even after adding a SegWit wallet address, bitcoins sent to your previous legacy bitcoin address will still work. In addition, you can still send bitcoin from a SegWit wallet to a legacy wallet and vice versa since the transactions are still taking place on the same blockchain. But if you are sending bitcoins to and from a SegWit wallet, you can benefit from reduced fees.

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Bitmart Opens Cryptocurrency Mining Hardware Store in South Africa



Bitmart Opens Cryptocurrency Mining Hardware Store

Bitmart, South Africa’s leading supplier of mining hardware, has opened a cryptocurrency mining hardware store in South Africa. This makes Bitmart’s retail outlet the first cryptocurrency mining store in Africa.

Products and Services Offered by Bitmart

Bitmart was founded by CEO Jacques Serfontein in 2015 to offer cryptocurrency mining hardware to South Africans. Currently, Bitmart offers GPU rigs, ASIC miners, GPU rig mining software, graphics cards, international mining rig monitor app, cryptomatic watches, hardware wallets, and motherboards. Customers can find GPU mining rigs that mine cryptocurrencies such as zcash, monero, decred, bitcoin, and litecoin.

Additionally, Bitmart provides services such as bitcoin mining farm design and deployment, mining training, antminer repair tickets, mining farm management using Genesis Hive, and shepherd services.

Through its shepherd services, Bitmart helps owners of second-hand miners to find buyers. Therefore, both sellers and buyers are assured of safe and secure transactions through Bitmart’s SSL-secured online shop.

According to MyBroadband, Bitmart is an authorised distributor of Avalon Miners, Genesis Hive, Trezor, Ledger wallets, KeepKey, and UniSat (satellite mining solutions) in Africa.

The company also supplies mining hardware to countries such as Japan, Dubai, North America, Australia, and England.

What Does Bitmart Plan for the Future?

Bitmart will be holding seminars in Johannesburg and Mbombela. The seminars will focus on bitcoin basics and advanced cryptocurrency trading. In addition, Bitmart will be introducing a satellite mining connection in partnership with Uniwisp that will allow mining rigs to mine from any place in the world. Uniwisp is an Internet service provider based in Nelspruit, South Africa.


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Kenya’s BitPesa Acquires Spanish Money Transfer Platform TransferZero



BitPesa Acquires TransferZero

On February 8, 2018, BitPesa announced that it has acquired TransferZero, a Madrid-based online money transfer platform, which operates in over 200 countries using more than 50 currencies.

Why Did BitPesa Acquire TransferZero?

BitPesa, which is already operating in Africa and Europe, will be able to “set deep roots to UK and European licensing, bank accounts, and integrations” through this acquisition, according to the company’s statement on its blog.

“Europe is a hub for global remittance and payments companies. Digital currencies and decentralized technology have hit critical mass in the financial services and payments space. It is no longer a question of whether this technology will have staying power [but] which specific technology and what product iteration will launch and scale first […],” Elizabeth Rosiello, founder and CEO BitPesa said.

“BitPesa has the support of top-tier, institutional investors and a network that will help to bring TransferZero’s technology to the next level. With this support, we will be able to provide even more efficient transfers and user experience,” Luis Cambronero, former TransferZero CEO and present Managing Director, BitPesa stated.

Setting Up Infrastructure Across Europe and Africa is a Priority

“Setting up infrastructure across Europe and Africa has always been a focus of ours. […] We’ve just doubled our bank accounts, our infrastructure, and it’s licensed by the Bank of Spain as a payment institution. So we are fully compliant with PSD2 regulations […],” Rosiello said.

“This is truly a partnership where the whole is greater than the sum of the parts, allowing BitPesa to solidify our leadership in this space. By bringing our regional and technological expertise together, we will further accelerate our month-to-month growth,” Rossiello asserted.

TransferZero will neither change its name nor its headquarters. In addition, its employees will remain with Bitpesa.

This acquisition from an Africa-based bitcoin startup of a European fintech startup shows that leading African startups can make waves beyond the borders of the continent and create a positive impact on a global scale.

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