Below is an updated list of cryptocurrency exchanges where South Africans can buy, sell, invest, and trade digital assets.
Top Crypto Exchanges in South Africa
VALR
VALR is a leading crypto exchange launched in 2019. Despite its relatively short tenure, it has become one of the largest platforms in South Africa by trading volume, with cumulative trades surpassing R50 billion. The platform offers a secure and user-friendly experience for both beginners and advanced traders.
Luno
Founded in 2013, Luno is a globally recognized cryptocurrency exchange and payment service provider. Its mission is to upgrade users to a more open and inclusive financial system. Luno is praised for its simplicity, security, and educational resources, making it ideal for first-time crypto investors.
Revix
Revix is an international crypto investment platform that simplifies investing in digital assets. It provides tools for safer and faster transactions, catering to both individual and institutional investors in South Africa.
Altcointrader
Established in 2015, Altcointrader supports major cryptocurrencies like Bitcoin and Ethereum. The exchange is known for its straightforward interface, making it easy for South Africans to buy and sell crypto without complications.
OVEX
OVEX is a South African exchange launched in 2019, offering trading in over 20 cryptocurrencies. Its competitive fees and robust security measures make it a preferred choice for local traders.
Easy Crypto
Originally from New Zealand, Easy Crypto expanded to South Africa, offering access to 100+ coins, including Bitcoin and Ethereum. The platform emphasizes simplicity and transparency for users at all levels.
Cape Crypto
Founded by a former Luno product manager, Cape Crypto is tailored for the South African market. It accepts deposits only in ZAR and Bitcoin, focusing on localized services.
Coindirect
Based in the Isle of Man, Coindirect facilitates borderless wealth creation through crypto trading. The platform supports multiple fiat currencies, including ZAR.
Coinbase
Coinbase is a global giant in crypto trading, serving over 73 million users. While its full services aren’t available in South Africa, locals can still access limited features via its platform.
👉 Discover secure trading with OKX
ChainEX
Launched in 2018, ChainEX offers a wide range of cryptocurrencies paired with ZAR. Its diverse coin selection appeals to traders exploring altcoins.
Paxful
Paxful is a peer-to-peer Bitcoin marketplace with 4.8 million users worldwide. It enables direct trades between buyers and sellers, though it operates without regulatory oversight.
Binance
Binance, founded in 2017, is one of the world’s largest exchanges by volume. It supports a vast array of cryptocurrencies and features like staking and NFTs.
FAQs
Which crypto exchange is best for beginners in South Africa?
Luno and VALR are highly recommended for beginners due to their user-friendly interfaces and educational resources.
Are these exchanges regulated in South Africa?
Some, like VALR and Luno, comply with local financial regulations, while others operate without formal oversight.
Can I trade Bitcoin for ZAR on these platforms?
Yes, exchanges like VALR, Luno, and Altcointrader support ZAR/BTC trading pairs.
👉 Explore more crypto options with OKX
What fees can I expect?
Fees vary by platform but typically range between 0.1% and 1.5% per trade. Always check the fee structure before signing up.
Is cryptocurrency legal in South Africa?
Yes, crypto is legal but not recognized as legal tender. The SARB classifies it as a "financial product," requiring exchanges to register as FSPs.
How do I choose the right exchange?
Consider factors like security, fees, supported coins, and customer support. Start with platforms that align with your experience level and investment goals.