10 Best Crypto Trading Platforms in South Africa For 2024

South Africa is one of Africa ’s most prestigious countries, home to over 5 Million cryptocurrency investors, and a relatively well-regulated crypto sector.

We evaluate cryptocurrency financial service providers in South Africa according to relevant parameters such as liquidity, viability, security, and overall user experience and quality of services.

Luno is a crypto trading platform available in over 40 countries including South Africa .

The licensing data for Coinbase in South Africa is still unclear, however, investors in the region can use the platform for their crypto investment operations.

Bybit is a highly liquid trading platform and is viable for trading strategies such as day trading and swing trading.

Binance offers spot and derivatives crypto trading with up to 100X leverage.

Kraken is one of the cheapest platforms to trade cryptocurrencies, trading fees are as low as 0.02% from makers.

Cryptocurrency is not a legal tender in South Africa , however, crypto investments are subject to taxation in the African nation.

Nearly 10% of the South African population holds at least one crypto asset, considering the global penetration of crypto and blockchain technology, this figure is significant.

The most popular crypto exchanges and institutions are licensed to operate in the region.