Top 5 Crypto Exchanges in South Africa to Trade Bitcoin to Rand (BTC/ZAR)

South Africans have the ability to convert bitcoin to rand and rand to bitcoin using a number of local cryptocurrency exchanges.

In this guide, you will discover the best crypto exchanges in South Africa to trade BTC to ZAR and vice versa.

Luno

Luno, previously known as BitX, was founded in 2013 to enable individuals to buy and sell bitcoin. Today, Luno supports bitcoin, ether, and bitcoin cash trading.

Bitcoin to rand trading fees on Luno varies across the three account levels. Fees are one percent, 0.75 percent, and 0.5 percent for tier one, two, and three accounts respectively. But Luno only charges these fees on price taker orders but not maker orders.

To find out how to buy bitcoin and ether on Luno, check out this guide!

Luno’s features

• Mobile app for both Android and iOS
• Accessible learning materials
• BTC to ZAR market stats
• Also available in Uganda, Zambia, and Nigeria
• Offers an API
• AML and KYC compliant

ICE3X

Founded in 2013, ICE3X is one of the go-to bitcoin exchanges to exchange bitcoin to rand. ICE3X (iceCUBED) is based in Matlosana, South Africa. Cryptocurrencies available on the exchange include bitcoin, litecoin, ether, bitcoin cash, dash, monero, dogecoin, and more.

Trading fees on ICE3X range from zero to 0.5 percent. And the platform provides an individual trading fee plan to users and promotional trading plans to high-volume traders. 

ICE3X’s features

• Android mobile app
• Available learning resources
• Live chat
• Offers an API
• Bitcoin to rand market stats
• Also available in Nigeria
• AML compliant

AltCoinTrader

AltCoinTrader is headquartered in Johannesburg and was founded in 2012. The exchange supports a wide range of cryptocurrencies including bitcoin, bitcoin cash, ether, dogecoin, dash, monero, and more. 

The trading platform charges a trading fee of 0.375 percent of the trade value on all coins.

AltCoinTrader’s features

• BTC to ZAR market stats
• Provides educational material
• Only available in South Africa
• AML and KYC compliant

VALR

Founded in 2018, VALR is a Johannesburg-based crypto exchange where you can trade BTC to ZAR. Additionally, VALR supports more than 50 coins, including bitcoin, ether, litecoin, ripple, bitcoin cash, and monero.

VALR charges a 0.2 percent fee on taker orders. Price makers receive a 0.1 percent reward of their trade to boost liquidity on bitcoin to rand order books. For simple buy and sell trades, VALR charges a 0.75 percent fee per trade.

VALR’s features

• Mobile app for Android and iOS
• Offers an API
• AML, CTF, and KYC compliant
• Educational resources
• Bitcoin to Rand market stats
• Only available in South Africa

OVEX

Based in Cape Town, OVEX was established in 2017. The platform offers more than 20 cryptocurrencies including bitcoin, ether, basic attention token, chainlink, augur, and more. The exchange charges a 0.5 percent fee of the trade value on crypto to fiat trades.

OVEX’s features

• Provides an API
• Provides learning resources
• BTC to ZAR market stats
• Only available in South Africa
• KYC and AML compliant

There are a number of bitcoin exchanges in South Africa to trade BTC to ZAR. Now, all you have to do is create an account on one of these exchanges to convert your bitcoin to rand or vice versa.